370k New Jobless Claims; Gallup Reports Unemployment Jump to 8.3%
After a few post-Hurricane Sandy weeks of new jobless claims hitting over 400,000, it looks as though we've settled back into the new and accepted normal of new claims landing somewhere in the 360,000 to 390,000 range. According to the Bureau of Labor Statistics, this week saw 370,000 new claims filed.
Keep in mind, though, that it's only in Barack Obama's America that we've learned to celebrate any number under 400,000. We're nowhere near the point where our economy creates enough jobs to keep up with those lost every week. But because the media will never allow Obama to fail at anything, only 370,000 new unemployment claims is an occasion for pom-poms and much dancing around the golden calf.
Meanwhile, Gallup is reporting that unemployment spiked last month from 7.0% to 7.8%. Adjusted seasonally, the rate is 8.3%. This is the sharpest one-month increase Gallup's seen in two years:
It is unclear what caused the increase in the unemployment rate in November, although some experts speculate that it was caused by jobs lost as a result of superstorm Sandy. It is also possible that lackluster holiday hiring is to blame.
Silly Gallup; floating the idea that a spike in unemployment was caused by slow holiday hiring… What a waste of time. Thanks for playing, but the media will tell us what the "truth" is and the "truth" will be that lackluster hiring wasn't our Lightbringer's fault. It was the fault of a hurricane that was the result of Global Warming that was the result of American capitalism that was the result of not enough socialism that was the result of the Founding Fathers owning slaves.
Tomorrow, we'll get the November job creation numbers. Those too are expected to be disappointing… Due to a hurricane that wouldn’t have happened were it not for Christopher Columbus.
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