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  • Jobless Claims Jumped Last Week as Sandy Damaged U.S. Job Market

    From bloomberg.com

    More Americans than forecast submitted claims for unemployment insurance last week as superstorm Sandy also wreaked havoc on the job market. Applications for jobless benefits surged by 78,000 to 439,000 in the week ended Nov. 10, the most since April 2011, the Labor Department said today in Washington. Several states said the increase was due to the storm that hit the Northeastern part of the U.S. in late October, a Labor Department spokesman said as the data were released to the press. The extent of the damage means it may take weeks for the underlying trend in firings to again become clear. Before the storm, the ... (full story)

This has little to do with Sandy It has more to do with Obama
Quoting dryclean
This has little to do with Sandy It has more to do with Obama
I tend to agree.
that's true news
Quoting dryclean
This has little to do with Sandy It has more to do with Obama
Quoted for truth
"Don't Panic..."
Oh... maybe
Goodluck to you!
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Market needs correction
Rubbish, Sandy could have some influence in an area inhabited by 30 million people. There are more than 300 million in the US. No hiring because the economy is sick, with or without Sandy.
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Market needs correction... time for TREND to rest think and return to 75% path
seems like the empire state manu numbers were better than expected. In the state with the largest impact from Sandy that seems encouraging.
LOL, It's not about Sandy, It's about a true condition after Obama wins. Following texas other states petition showed economy fundamental is not strong as the news circulating at the past week.
It is more about Mr.Obama than Ms.Sandy !
Think maybe the storm created some jobs too, a lot of them? You know it did. They are still spinning the data. Now we are seeing the real data that was padded to get goofus in office.
After sandy holding USD unlogic may go down be careful. unemployment claims show the truth position of economy.
Oh, before any of you Obomite apoligizers say the increase was due to Sandy, the Labor Dept said today that decreases in New York unemployment numbers more than offset Sandy's effects.
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