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

TX Gal Wrote: Nov 15, 2012 12:33 PM
Texas Instruments is cutting 1700 jobs worldwide because they are having trouble competing. Apple and other smart phone companies are getting their chips from other sources. That's just capitalism for ya.
1375 Wrote: Nov 15, 2012 2:03 PM
TX Gal, my stupid southern doyenne, take the next step and ask WHY they are having trouble competing? Labor costs due to unions? Government regulations that cost millions? You don't run a business obviously. In fact you are one of the 47% without a doubt. AND you might feel differently if you worked for TI so I can only imagin you are a teacher yes?

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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