In response to:

BREAKING: Weekly Jobless Claims Jump Up 73,000 to 430,000

coveyrise Wrote: Nov 15, 2012 11:05 AM
The Obama disaster is about to go nuclear. He has no intention of cutting spending except for defense which will result in thousands of more layoffs. We still don't have a budget and there isn't one even on the table. Next year's deficit will likely be near $2 Trillion. The proposed tax increase will not generate new revenue as more people just hunker down and keep what they have instead of putting it at risk. Several million people will go from 40 hour work weeks to 28 hours to avoid Obamacare costs. Several small businesses will just shut down and the owners will keep what they've saved to live on rather than lose it all on Obamanomics. The Fundamental Transformation of America is about to begin.

The massive shedding of jobs in light of an Obama re-election has started. Weekly jobless numbers have jumped *up* from 73,000 to 430,000 according to the Wall Street Journal. These job losses come after warning signs this week from the markets and business owners who say they can't afford to keep employees with ObamaCare and the fiscal cliff looming. Hurricane Sandy also had an effect on increasing these numbers.

Sandy drove the number of people seeking unemployment benefits up to a seasonally adjusted 439,000 last week, the highest level in 18 months.

The Labor...

Related Tags: Jobs and Economy