Welcome to Obamaville: Weekly jobless claims spike to 439,000 (week after election)
In yet another amazing coincidence, weekly jobless claims spiked to 439,000 the week after the election. Last week, after the election, was the week after the Hurricane, yet jobless claims remained pretty flat. This week, after all the layoff announcements, weekly jobless claims spiked to 439,000, a 18 month high.
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.
|Comment Policy: Everyone is free to comment, even progressive liberals. If you want to debate the posts, or others, do so in a respectful way. Do not turn this comment section into to leftist insult cesspool. Leftist insults and violence related keywords will trigger moderation. Also, all off site links most be verified by moderators. You can thank leftist spammers for this policy.|