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petegz28
06-23-2011, 06:52 AM
New U.S. claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, suggesting little improvement in the labor market this month after employment stumbled in May.

Initial claims for state unemployment benefits climbed 9,000 to a seasonally adjusted 429,000, the Labor Department said. The prior week's figure was revised up to 420,000.

Economists polled by Reuters had forecast claims to edge up to 415,000 from a previously reported count of 414,000.

The claims report covers the survey period for the government's closely watched data on nonfarm payrolls for June.

Claims increased 15,000 between the May and June survey periods, implying little or no gains in nonfarm payrolls this month after a modest 54,000 increase in May.

The data is the latest in a series to underscore the weakness in the economy, which has persisted through the second quarter.

The Federal Reserve on Wednesday acknowledged the slowdown, but generally perceived it as temporary. Although it cut its growth forecasts and downgraded its view of the labor market, it gave no indication of further monetary support.

The U.S. central bank confirmed it was winding up its $600 billion bond-buying program at the end of June.

A Labor Department official said technical problems had resulted in claims for six states being estimated last week.

The four-week moving average of new jobless claims, considered a better gauge of labor market trends, was unchanged at 426,250.

Initial claims have now been above the 400,000 mark for 11 weeks in a row. Analysts normally associate that level with a stable labor market.

The number of people still receiving benefits under regular state programs after an initial week of aid was little changed at 3.70 million in the week ended June 11.

Economists had expected so-called continuing claims to nudge down to 3.67 million from a previously reported 3.68 million.

The number of people on emergency unemployment benefits rose 5,728 to 3.30 million in the week ended June 4, the latest week for which data is available. A total of 7.54 million people were claiming unemployment benefits during that period under all programs.

http://www.cnbc.com/id/43507567

Saul Good
06-23-2011, 07:51 AM
"Surprised" and "more than expected" are all that I got out of this. In other news, Francisco Franco is still dead.

The Mad Crapper
06-23-2011, 07:51 AM
Having arrived at the half-way point of President Obama’s third year in office, things are continuing to look quite bad for his presidency and for the country.

For example, the Associated Press is reporting fewer people bought previously occupied homes in May, lowering sales to their weakest point of the year. Home sales decreased 3.8 percent last month to a seasonally adjusted annual rate of 4.81 million homes, the National Association of Realtors said today — far below the roughly 6 million annual sales rate typical in healthy housing markets. Last year, home sales reached only 4.91 million, the worst showing in 13 years.

According to Gallup, the president’s approval rating dropped four points in a single day while his disapproval ratings increased five points (the split is now 45 percent approve v. 48 percent disapprove).

And to add insult to injury, in a speech before a DNC audience last night, those in attendance laughed at Obama’s claim that “over the last 15 months we’ve created over 2.1 million private sector jobs.”

In his remarks, Obama went on to say, “I’m extraordinarily proud of the economic record that we were able to produce over the first two and a half years.”

I wonder why. The president has presided over an economy that has lost 2.5 million jobs since he was sworn in and has created only 600,000 jobs during the two years since the recovery began (the summer of 2009). The unemployment rate is up 25 percent since Obama took office and has been above 8 percent for almost 30 months (after the Obama administration promised it would not exceed 8 percent if his stimulus package was passed in early 2009).

The debt has increased 35 percent during the Obama presidency. Gas prices have more than doubled. The housing crisis has recently entered a double dip and is now worse than the Great Depression. For the nine economic quarters Obama has been in office, real annual growth in GDP has been just 1.5 percent, just barely above what it was during the decade of the Great Depression (1.3 percent). And chronic unemployment is worse than the Great Depression.

If Obama is extraordinarily proud of his economic record, he may be the only one.

http://www.commentarymagazine.com/20...onomic-record/

The Mad Crapper
06-23-2011, 09:08 AM
"Surprised" and "more than expected" are all that I got out of this. In other news, Francisco Franco is still dead.

http://punditpress.blogspot.com/2011/06/unexpectedly-compilation.html

LMAO

The Mad Crapper
06-24-2011, 10:41 AM
What did Obama supporters get for $35,800-a-plate at Thursday night’s DNC fundraising dinner at Manhattan’s swanky Daniel restaurant?The menu included Maine lobster salad with roasted beets, a duo of Black Angus beef, braised short ribs with spinach and roasted tenderloin with stuffed potato and hen of the woods.The wines poured: a 2009 Sandhi Santa Barbara Chardonnay ($28 per bottle according to the winery’s website) and a 2008 Copain Anderson Valley Pinot Noir Tous Ensembles (also under $30 per bottle according to pricing online.)

vailpass
06-24-2011, 12:23 PM
What did Obama supporters get for $35,800-a-plate at Thursday night’s DNC fundraising dinner at Manhattan’s swanky Daniel restaurant?The menu included Maine lobster salad with roasted beets, a duo of Black Angus beef, braised short ribs with spinach and roasted tenderloin with stuffed potato and hen of the woods.The wines poured: a 2009 Sandhi Santa Barbara Chardonnay ($28 per bottle according to the winery’s website) and a 2008 Copain Anderson Valley Pinot Noir Tous Ensembles (also under $30 per bottle according to pricing online.)

Leave it to obama to serve grape kool-aid at a gourmet meal.

go bowe
06-24-2011, 12:28 PM
communist...

grape kool-aid indeed!

still better than strawberry...

petegz28
06-24-2011, 12:48 PM
communist...

grape kool-aid indeed!

still better than strawberry...

I think he means Grape Drink!

<iframe width="560" height="349" src="http://www.youtube.com/embed/NuTjQLfU6Gk" frameborder="0" allowfullscreen></iframe>

The Mad Crapper
06-24-2011, 01:01 PM
communist...

grape kool-aid indeed!

still better than strawberry...

No class Barry.

http://www.thelookingspoon.com/tlsimages/blog/2011/obama_commie_unity_organizer.jpg

Barak Obuttocks
06-26-2011, 01:03 PM
"As long as there are some folks out there who are unemployed looking for work," he said, "then every morning when I wake up I'm going to be thinking about how I can get them back to work."

Sure you are, Barry. Sure you are.

Obama’s EPA Sets Out to Destroy US Factories With Boilers; Affecting Millions of US Jobs
Posted by Jim Hoft on Sunday, June 26, 2011, 8:57 AM

Thousands of power plants, manufacturing plants, paper mills, refineries, chemical plants, schools and hospitals use boilers at their facilities. Literally millions of jobs rely on affordable energy from these facilities, and those jobs are put at risk if those boilers can no longer be installed and run in a cost effective manner.

http://www.thegatewaypundit.com/2011/06/obamas-epa-sets-out-to-destroy-us-factories-with-boilers-affecting-millions-of-us-jobs/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+gatewaypundit2+%28Gateway+Pundit%29

The Mad Crapper
06-27-2011, 06:56 AM
Can we please get some feedback from Obama's ballwashers?