"Our Children and Grandchildren are not merely statistics towards which we can be indifferent" JFK

Thursday, November 4, 2010

Initial Jobless Claims right back to end of 2009 levels...we have gone no where

Stock Market Will Launch as We Do Not Need Jobs
We Have Ben Bernanke and QE-2

By Jeffry Bartash WASHINGTON (MarketWatch) - The number of workers who filed new applications for unemployment benefits jumped 20,000 to 457,000, reversing a sharp decline from the week before. Economists polled by MarketWatch had expected initial claims to climb to a seasonally adjusted 445,000 in the week ended Oct. 30.

Claims for last week were revised up by 3,000 to 437,000, according to U.S. Labor Department data. The latest increase put weekly claims back to the same level as the end of 2009, meaning there's been no change this year.

Continuing claims, which reflect workers who've already been receiving benefits, dropped 42,000 to 4.34 million

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