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Monday, November 26, 2012

Unemployment on the rise. Again.

Breitbart summed it up nicely a week or so ago:
The Department of Labor has announced that new jobless claims rose by a staggering 78,000 in the first week after the election, reaching a seasonally-adjusted total of 439,000. Over the past year, and in the weeks leading up to the election, jobless claims were said to be declining, dipping as low as 339,000, with the media proclaiming that they had reached the "lowest level in more than four years." Now, suddenly, the news seems far less rosy.

From the Department of Labor press release this morning [Thursday]:
In the week ending November 10, the advance figure for seasonally adjusted initial claims was 439,000, an increase of 78,000 from the previous week's revised figure of 361,000. The 4-week moving average was 383,750, an increase of 11,750 from the previous week's revised average of 372,000.
This is not a surprise to the GOP. We told you in all sincerity that unemployment would rise again with the implementation of Obamacare and Taxmaggedon. Yet here we are anyway. All taxes are on the rise, short of some miracle that we'd up paying for later. Stop believing the liberal news media for your own good! Obama wants taxes. He's going to get taxes. He'll think he can get away with blaming the GOP for it, but it's all him. Follow the Taxmaggedon link to see how your taxes will change, as they invariably will if no alternative deal is reached (which I doubt). Follow the Obamacare link to see some side effects of that law on employment, which should have been expected but somehow weren't - at least by the Obama administration. No footing in common sense, there.

For more on this topic, go here.

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