Thursday, August 19, 2010

Adding Bad News

Lets put it in simple terms - this blows. We are losing more jobs. Just after going through a series of second quarter reports where corporate America demonstrated better than expected results, we have increasing layoffs. We need national wring a CEO's neck day.

Reuters: Jobless claims touch 9-month high
...yet another setback to the frail economic recovery.


Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 500,000 in the week ended August 14, the highest since mid-November, the Labor Department said.

1 comment:

Glynn Kalara said...

Glenn Beck and the rest of the Rt. wing howler monkeys though say all of us unemployed are just a bunch of lazy bums and we all need to go get a job or 3. Of course there aren't any, but maybe he means in China? Whatever, America is in the midst of a Depression and for those of us living it we don't appreciate the sanctimonious lectures coming from rich loud mouths on cable TV or rant radio.