In response to:

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

RightWithReason Wrote: Nov 15, 2012 12:11 PM
I don't think these numbers are right—or at least the way Katie's reporting them are wrong. The numbers jumped 78,000 TO 439,000 . . . they didn't jump FROM 73,000 to 439,000. In other words, the increase was 78,000—not 361,000. (Of course, I could be missing something there.) And that's certainly not to say it's a good thing, regardless. The big problem here is that Sandy's effect is essentially masking the other factor involved here. The Obama administration will point to the storm as the reason for the increase, and will ignore the DOZENS of corporations that have already started laying people off because of Obama's reelection. Ultimately, thought, that effect will wear off—and they'll be out of excuses.
Frank98 Wrote: Nov 15, 2012 12:18 PM
The MSM will do a Tattoo who looked up to the skies and babbled weekly on that tv series Fantasy Island. Look Mr Roark Da plan-Da plan-Da plan.
The MSM will look to the skies and babble Sandy Sandy Sandy.That britch hit all 58 states.
Par4theDay Wrote: Nov 15, 2012 12:15 PM

Some of the new claims, especially in New Jersey, were due to Hurricane Sandy--but these were offset by a decline in claims filed in New York. The highest numbers of new filings came from Pennsylvania and Ohio, where there were thousands of layoffs in the construction, manufacturing, and automobile industries.

Both states had been targeted by the presidential campaigns. President Obama highlighted his record of job creation in Ohio in particular, focusing on the automobile industry. The state reported 6,450 new jobless claims in the week after the election--second-highest after Pennsylvania, which recorded 7,766 new claims.
Henry VIII Wrote: Nov 15, 2012 12:20 PM
The auto union morons deserve their fate.....they made their bed, now they have to lay in it.
mary anne24 Wrote: Nov 15, 2012 12:24 PM
The unions will probably get raises.,
Par4theDay Wrote: Nov 15, 2012 12:31 PM
Mary Anne - I'm sure the union bosses will get raises.

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