AP
So much for a recovery…
A surprising jump in first-time claims for unemployment aid sent a painful reminder Thursday that jobs remain scarce six months into the economic recovery.
The surge in last week’s claims deflated hopes among some analysts that the economy would produce a net gain in jobs in January and help fuel the recovery.
A Labor Department analyst said much of the increase was due to holiday-season-related administrative backlogs at the state agencies that process the claims. Still,economists noted that that would mean claims in previous weeks had been artificially low. Those earlier declines had sparked optimism that layoffs were tapering and that employers would add a modest number of jobs in January.
The January employment report will be issued Feb. 5. But the surveys used to compile that report were done last week,so economists are paying close attention to the jobless claims figures from that week.
"The trend in the data is still discouraging,"Diane Swonk,chief economist for Mesirow Financial,wrote in a note to clients. "Hopes for a positive employment number in January …are rapidly dimming."
"OOO"is a LIAR from the word GO. From the very first day he got into office,this man has worked tirelessly destroying every facet of America and our freedoms. He is a Marxist dictator who is deliberately destroying JOBS,just like Hitler did to bring us to our knees. Bring him to his knees and rid America of him and his 44 Czars communist rulers.
IMPEACH OBAMA NOW IN 2010
http://www.impeachobamacampaign.com/