http://bit.ly/8trLlx - - - WASHINGTON (AP) -- The number of newly-laid off workers seeking jobless benefits unexpectedly rose last week, as the economy recovers at a slow and uneven pace.
Layoffs have slowed and the economy began to grow in last year's third quarter, but companies are reluctant to hire new workers. The unemployment rate is 10 percent and many economists expect it to increase in the coming months. The Labor Department said Thursday that initial claims for unemployment insurance rose by 36,000 to a seasonally adjusted 482,000. Wall Street economists expected a small drop, according to Thomson Reuters. The four-week average, which smooths fluctuations, rose for the first time since August, to 448,250. - - - UNEXPECTEDLY? On what basis do they set their expectations? No *free market* economist would expect jobs to rise in this climate. The number of newly fired people has been slowing...one wonders who is left to fire?... but the pool of people who simply dropped out of the job market exploded last month by 600,000, bringing real unemployment over 17%. These so-called economists crack me up. OK, so, the statement "The unemployment rate is 10 percent and many economists expect it to increase in the coming months" means that when the job loss continues in the coming months, it won't be "unexpected" anymore, right? Just want to establish that before the next batch of "unexpected" job losses is dutifully reported on by the AP-OBAMA news agency. - Publius -- "It ought never to be forgotten, that a firm union of this country, under an efficient government, will probably be an increasing object of jealousy to more than one nation of Europe; and that enterprises to subvert it will sometimes originate in the intrigues of foreign powers, and will seldom fail to be patronized and abetted by some of them. Its preservation, therefore ought in no case that can be avoided, to be committed to the guardianship of any but those whose situation will uniformly beget an immediate interest in the faithful and vigilant performance of the trust." [Federalist Papers #59] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
