Post by The Great Aztec Joe on Aug 5, 2010 6:20:35 GMT -8
We are below 400,000 new unemployment claims. Yahoo!
The Unadjusted numbers tell the truth. We are almost back to normal in Unemployment Insurance Claims this morning. Of course there are many other things that need to improve, but this is the biggest step.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 399,570 in the week ending July 31, a decrease of 14,247 from the previous week. There were 466,695 initial claims in the comparable week in 2009.
www.dol.gov/opa/media/press/eta/main.htm
Remember, in a Service Sector economy the first thing you have to improve is the rate of Job Loss. Obama has worked a miracle in that regard. In January, we were losing 800,000 jobs a week. To get it down to below 400,000 is a wonderful thing.
Let us sing praises to our fearless leader.