Jobless Claims Up

by Sal on February 4, 2010

in Economy,Politics

New jobless claims “rose unexpectedly” to 480,000, for the week ending January 30.  Economists are concerned that the bottoming-out of the labor market that they all thought had occurred has simply not occurred.  Unemployment shows no signs of abating, and all the Democrats want to do is spend more.  Their mantra “jobs, jobs, jobs” can be translated “spend, spend, spend.”

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