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Initial and Continuing Claims: Worse Yet AGAIN!

January 21, 2010 12:15 pm

Just when you thought that economists were starting to get it right, we see this. A rise in the initial claims to 484,000 from an estimated 440,000. That put the jobs “improvement” scheme back in its bottle.

Now that the Obama Administration is feeling a tad bit different about the healthcare initiative after the Massachusetts upset, perhaps we can get a program to boost employment. They also have to consider that China just put up a 10.7% GDP print last night as a direct result of the $500+ billion stimulus that was injected directly into the economy. Somehow, the U.S. stimulus has not made it to its correct landing area.

Here is somewhat of a wake up call fellas:

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Written by Andrew Horowitz · Category(s) Economy, Markets    |  Tags:   

7 Responses to “Initial and Continuing Claims: Worse Yet AGAIN!”

  1. Credit Card Delinquencies – A Different View : The Disciplined Investor on January 22nd, 2010 11:21 am

    [...] reports. Yes, we are seeing the “official” continuing claims move lower, but if we look closer at the numbers, we can see that the addition of the total number of claims is [...]

  2. A Different Take on Credit Card Delinquencies | Stocks and Sectors on January 22nd, 2010 5:27 pm

    [...] reports. Yes, we are seeing the “official” continuing claims move lower, but if we look closer at the numbers, we can see that the addition of the total number of claims is [...]

  3. 15 Hottest Reads on The Disciplined Investor : The Disciplined Investor on January 25th, 2010 11:32 am

    [...] 11. Initial and Continuing Claims: Worse Yet AGAIN! [...]

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