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The Number: 463,222. The average weekly unemployment new claims number trends UP…

July 1, 2010

In short the private sector fearing new regulations, entitlements and taxes will NOT be hiring YOU anytime soon.

WASHINGTON (AP) — Initial claims for unemployment benefits rose last week for the second time in three weeks, a sign that layoffs are rising.

The Labor Department says new claims for jobless benefits jumped by 13,000 to a seasonally adjusted 472,000. Analysts expected a small drop, according to a survey by Thomson Reuters.

Greater layoffs by construction firms contributed to the increase, a Labor Department analyst said. Home sales slumped last month after the expiration of a popular homebuyer tax credit.

Summer layoffs in many school districts also added to the total.

The number of people continuing to claim benefits rose by 43,000 to 4.6 million, the department said. But the number of people collecting extended benefits fell by 376,000, as lawmakers have refused to continue the extra aid.

One Comment leave one →
  1. BlueCat57 permalink
    July 1, 2010 3:56 PM

    Hmm, the number 13,000 sounds familiar. Isn’t that the number of new jobs created? I can never remember if employment numbers are net or gross. (No pun intended.)

    I always have to think about the unemployment numbers. But practically speaking there is only one number I care about: Is number one employed? As in do I have a job that pays the bills? If the answer is yes, then not so much worry, if no then the economy is a disaster.

    Too bad there is a fool born every minute. Even after a change in administration, government types always seem to find a job. Whether it is telling people that it wasn’t their fault on the speaking circuit, or as consultants and lobbyists trying to get back into power. They continue to feed off other people’s money and don’t produce anything worthwhile.

    I’m a little groggy this afternoon. Hazy days of summer. Hopefully this post makes sense.

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