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

Par4theDay Wrote: Nov 15, 2012 1:37 PM
Hows that war on poverty working out so far? New figures released by the Census Bureau this week found a spike in poverty numbers last year, going from 49 million in 2010 to 49.7 million last year. The numbers may come as a surprise to Congress, which estimated in September that the poverty rate would drop to 46.2 million. One of the most startling findings showed that almost 20 percent of American children continue to live in poverty. http://washington.cbslocal.com/2012/11/15/census-u-s-poverty-rate-spikes-nearly-50-million-americans-affected/
Buck O Wrote: Nov 15, 2012 2:20 PM
How's it working out? We lost.
Becca in TX Wrote: Nov 15, 2012 1:54 PM
Par-Since unemployment is up, it stands to reason that poverty is up. I hope that all of these companies that are having layoffs after Obama's re-election will start with the Obama supporters first.

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...

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