CNBC: Weekly Jobless Claims up to 413,000

Back up above 400k again. Enjoy your "jobless recovery"!!! I really hope Labor Secretary Elaine Chao comes on to spin this one.

"This is good because it means people are looking for jobs!"

Do you know what they were last month?

Friday will have the monthly jobs figures, which are a different statistic. Presumably the net creation of jobs.

So, we're back to well over 400,000. I guess the recovery trend was pretty short lived. This is one of the figures that they can't easily fudge, although they seem to try pretty hard. The real unemployment rate is 10.5%, including the other categories, such as discouraged and part time employees (U6).

http://www.bls.gov/webapps/legacy/cpsatab12.htm

Isn't Murka great!

http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?guid={7CD8F3D3-25FF-4478-BC31-A33693C09B6A}&siteid=mktw&dist=bnb

WASHINGTON (CBS.MW) - Initial claims for state unemployment benefits edged above the 400,000 level for the first time in a month in the latest week, evidence that the labor market remains weak. The average number of first-time claims over the past four weeks increased to 401,500 in the week ending Aug. 30, up from 397,250 a week earlier, the Labor Department said Thursday.

...more...

But they can never tell you how much trailing it does. 2 years? 5 years? 10?

I swear that guy is a greased dreidel with ugly glasses...

Kudlow is a sludgeheap, to be sure, his Jewishness has nothing to do with it, and your "dreidel" remark is uncalled-for.

Bush goes out and spouts that the economic recovery is gaining speed just in time for increased unemployment.

Oh wait...more layoffs mean more $$$ for rat bastard CEOs. So yes the economy is looking up....the economy throught he eyes of the fat cats around Bush and Cheney...economy is good for them...

A GAteway computer factory is closing this month here in Hampton, VA. That will be another 450 jobs, it already closed half the plant last year.

To be "revised" upward without much notice next week...

"Up is progress, Mr President." -Karl Rove

..try to explain to M/M Joe Sixpack that we really are in a recovery by all the more positive economic news out there BUT it's a recovery for rich people who are playing the stockmarket with their Bush tax cuts--i.e, they are making dough off of companies that have severely downsized and are working their workers like dogs and/or having better profits because all those "dirty foreigners" are being employed by these firms instead "good old US of A citizens". AND THAT is exactly the point that the Dems have to beat, beat, beat like a drum so that M/M Sixpack don't get brainwashed, again!!! They have to be informed that there is getting to be no place in America for them to work anymore and if they do find work, they are on a path back to the days before Unions when they can work in sweatshops for 16 hours for pennies, no insurance, etc. so that those fat bastards at the top can make more money on their stocks. I really don't think this gets through to Americans.

The numbers are revised every week, just as the new numbers come out, and they are very volatile--the best bet to get a truer reading on things is to look at the four-week average. It is above 400K, so the market for jobs is still contracting, not expanding.

We can't afford this kind of "recovery"!