Surprise! Jobless Claims Up 78,000 Week After Election; PA, OH Worst Hit

November 15, 2012

The Department of Labor has announced that new jobless claims rose by a staggering 78,000 in the first week after the election, reaching a seasonally-adjusted total of 439,000. Over the past year, and in the weeks leading up to the election, jobless claims were said to be declining, dipping as low as 339,000, with the media proclaiming that they had reached the "lowest level in more than four years." Now, suddenly, the news seems far less rosy.

From the Department of Labor press release this morning:

In the week ending November 10, the advance figure for seasonally adjusted initial claims was 439,000, an increase of 78,000 from the previous week's revised figure of 361,000. The 4-week moving average was 383,750, an increase of 11,750 from the previous week's revised average of 372,000.

Some of the new claims...

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Who's right: Donald Trump or Macy's?

 

mexico trump_macys_2015

Macy's has removed Donald Trump's products from their shelves because, while he stated that some of the Mexican people crossing our borders illegally are good people, some are murderers and rapists. While a true statement, it is not a "politically correct" statement, so Macy's has decided to pull his products from their shelves.

As a result of this, will you shop less - or not at all - in Macy's stores in the future?






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