Funny how a lot of things weren’t divulged until after Obama was re-installed.
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.
……The highest numbers of new filings came from Pennsylvania and Ohio, where there were thousands of layoffs in the construction, manufacturing, and automobile industries.
Both states had been targeted by the presidential campaigns. President Obama highlighted his record of job creation in Ohio in particular, focusing on the automobile industry. The state reported 6,450 new jobless claims in the week after the election–second-highest after Pennsylvania, which recorded 7,766 new claims.
From the Department of Labor:
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.
Obama’s media bootlickers are trying to blame Hurricane Sandy. As if this wasn’t coming as a result of the first four years of Obamanation. I’m surprised they didn’t blame Bush.
Obama is anti-business and the business owners are cutting back, laying off employees, and in many cases, simply closing up shop in the face of Obama’s socialist hostility.
Since you Dem pukes, especially in the northern part of Ohio, voted to reinstall the SCOAMF, you can now enjoy the fruits of your stupidity.
‘Scuse me while I take a big swig from my cup of Schadenfreude.