It’s Thursday. You know what that means. Time for more “unexpected” jobs numbers. For the life of me I can’t figure out why the “really smart” people are always so surprised that people lose jobs in a rotten economy. Bloomberg reported the shocking news.
“More Americans unexpectedly filed first-time claims for unemployment insurance payments last week, pushed up by three factors that normal seasonal variations failed to take into account, the Labor Department said.
Applications for jobless benefits jumped by 43,000 to 474,000 in the week ended April 30, the most since August, Labor Department figures showed today. A spring break holiday in New York, a new emergency benefits program in Oregon and auto shutdowns caused by the disaster in Japan were the main reasons for the surge, a Labor Department spokesman said as the data was released to the press.”
They always have an excuse. It never has anything to do with the policies of the President or his allies in congress.
And why is this such a surprise? Just the other day Rasmussen released an employment survey showing more employers report laying off than hiring.
Speaking of the rotten Obama economy, Reuters also reported that the price of food is approaching a record high. Government officials will probably blame the weather.
Oh, and if you think a second term for Obama will help the economy, think again. He recently promised supporters that he’ll ram through his global warming agenda if he’s re-elected.
Cross posted from The Lonely Conservative