It seems the killing of Osama Bin Laden hasn’t helped the Obama Boom. Jobless claims roset o 474,000, unexpectedly as the media likes to claim. Rather than blame an anemic economy, they know blame Spring Break! Yes, the media can’t admit their beloved Obama Boom is fictional and that we are really in a depression.
WASHINGTON (Reuters) – The number of Americans filing for jobless benefits rose to an eight-month high last week and productivity growth slowed in the first quarter, clouding the outlook for an economy that is struggling to gain speed.
Initial claims for state unemployment benefits rose 43,000 to a seasonally adjusted 474,000, the highest since mid-August, the Labor Department said on Thursday.
Claims were pushed up by factors ranging from spring break layoffs to the introduction of an emergency benefits program.
Economists had expected claims to fall to 410,000.
Spring Break pushed up unemployment? Please what does that have to do with an anemic economy? The media will never admit the truth, the economy sucks! The Obama Boom continues right along and we continue to suffer.
Tags: Stagflation, Stagnation, The Obama Boom
