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April 8th, 2010
08:45 AM ET
Jobless claims soar
The number of Americans filing for unemployment insurance for the first time jumped last week, according to government data released Thursday.
There were 460,000 initial jobless claims filed in the week ended April 3, up 18,000 from an upwardly revised 442,000 the previous week, according to the Labor Department's weekly report.
Economists surveyed by Briefing.com expected new claims to fall to 435,000 in the week. The number of new claims were just below the level reached in the Feb. 27 week, when initial claims totaled 466,000.
and unfortunately, the current administration has it's proverbial head stuck in the sand once again when it comes to jobs. They just don't get it. A person can't eat healthcare, cap-n-trade, or whatever nuclear weopons may be left over. This administration is a shame and a disgrace to the American people who want nothing more than a good job to take care of themselves and their families.
"Jobless claims soar" by 4%. How about: "Country devastated by stunning news as jobless claims soar." Gotta use those superlatives.
Thank you for the inflamatory headline. I don't think an 18,000 increase qualifies for the word "soar". Another case of the media not showing any restraint in the interest of clicks and attention. Grow up!
The administration, doesn't create jobs, they can create an environment to make ppl wanna hire. Since day 1 they have been trying to free up money so that small business can make payroll, and the such. I have a suggestion, how about the government goes into business of creating the solar, wind and green technologies.
My son has been looking for a job in this rural community for two years. There just isn't any jobs available where one may consider being part of the American dream someday. We have even seen a census job yet, or maybe they went to Department of Labor employees' or friends and relatives. CCC's from the 30's is the only way to go-John
I filed last week after losing my ~$120K job. I'm over 50 years old and making my new job finding a new job – what I see out there to apply for are contractor jobs. fixed duration and no benefits paying half to two thirds my salary. I'm finding there are LOTS of others in my same boat. More jobs are going offshore to India, Brazil, Argentina and China where rates are significantly less.. Who's going to pay taxes to pay for all the out of control spending after all the good jobs are gone. I wonder why colleges continue to push careers for jobs that are disappearing. There are those that say ""Why not retire?" and give the jobs to the next generation who is also looking for work. I'm all for full employment, but not for pushing good performers out of the equation and chalking it up to retirement – and who can afford to retire these days?. You can make statistics give you the answer you want. Lets see a breakdown of unemployment by factors such as age, salary, type of work and time unemployed. If you slice a different way – I think you'll see a vastly different picture.
... and is there anyone who thinks that NEW claims of over 400,000 a week is a good thing?
Here's what's insane. This week there were 460,000 NEW jobless claims. If next week there are 450,000 NEW jobless claims they'll call it a good thing. The best thing you could infer from that data, and it may not even be true, would be that things are getting worse more slowly. Either way you skin that cat there were still almost half a million people who filed an INITIAL jobless claim.
Why are you people still looking to others for a living? Start your own business, or grow your own food, and stop blaming others (business owners) for not hiring you. You are all sheep looking down for your meal! Look up, you weak and pathetic chattel! Look up and see what the farmer is feeding you! Look up and see the "farmer" who's been short changing you in favor of the pigs that provide him with bigger profits and back-room pork! Look up and break the chains of slavery that's really at the heart of the current wave of actions and policies of "world leaders". Control of all things financial, is the bull's eye that they are targeting. Look up, you passive sheep!
One of the problems with a poor economy is everyone is looking for a fall guy. And unfortunately Mr. Obama seems to be it.'
I think its unfair for people to expect a new president to clean up the mess from past administrations in his first year in office.
That he was able to accomplish as much as he has is a minor miracle and my hat is off to him.
At least with this president who has been more honest and forthcoming to the American people than many others in the past, there is hope for a better future.
a friend in Canada
What is a "shame and a disgrace to the American people" is the previous administration that saw all of this coming and did nothing about it.
President Obama has been in office since January 19, 2009. It will take a lot longer than 15 months to fix this mess.
At what point does the economy become Obama's economy? Four years? More? At his State of the Union address he said he was going to have laser like focus on jobs. When???