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

coveyrise Wrote: Nov 15, 2012 11:19 AM
I will predict right now that new unemployment numbers during the first quarter of 2013 will exceed 1 million new claims. As the Tax Increase on all those Evil Rich People kicks in many of them will just shut down and keep the money they've made rather than risk it on Obamanomics. This will result in hundreds of thousands of lost jobs which will in turn cause more layoffs because those laid off won't have any more paychecks to spend at retail stores or buy a home or anything else. The result will be more than a million more people filing for unemployment benefits. If you own a piece of ground you better start tilling it up to plant a garden this next spring. You're gonna need it.
Lars795 Wrote: Nov 15, 2012 11:33 AM
And then the media will be blaming those evil people that have a little bit of land to make into a garden. They'll be growing food and not sharing it with all those "grasshoppers".
conservative_one Wrote: Nov 15, 2012 11:26 AM
The media will be very creative in defending Obama, their man.

No bad news will ever be allowed to hurt him. He is afterall, 'their man'.

Is Obama actually responsible for anything? HUH?
Henry VIII Wrote: Nov 15, 2012 11:23 AM
We are heading right back into a recession. Four more years of pain and misery...chronic high unemployment, inflationary prices, and lower take home pay.
Birdman III Wrote: Nov 15, 2012 12:14 PM
It will be worse than the last 4 years.

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