Jan 05 2012
With the Christmas season now over, I expect to see the weekly jobs picture start to slide back into the danger zone as the holiday part time work load disappears. And we can see that already in this week’s job data (which data reports through 12/24/11):
In the week ending December 24, the advance figure for seasonally adjusted initial claims was 381,000, an increase of 15,000 from the previous week’s revised figure of 366,000.
The four week average looks flat for now. But this is only going to get worse as the post Christmas data starts pouring in. I would be surprised if December does not look pretty good tomorrow, but then when January’s numbers hit in early February we will still be in the Obama-Reid-Pelosi economic doldrums.
What you want to do is read past the first paragraph (something the news media is too intellectually lazy to do):
TOTAL 7,231,514 7,152,129 +79,385 8,846,629
80,000 additional people on unemployment in one week (and this is 12/10/11, not 12/24/11). Think this will rival the entire months jobs gains? Keep an eye on the details folks, the news media just spoon feeds the spinnable numbers.
Finally, what does his Obamaness think will happen if he puts tens of thousands of ground troops out of work??? Does he have any clue about what he is doing or is this all classic liberal-panic flailing?