In the week ending July 21, the adjusted claims
number was 357,000
In the week ending July 28 the advance figure for
seasonally adjusted initial claims was 365,000,
The week ending August 4 gives us an initial report of
361.000 but this number will be adjusted upwards by this time next week.
More importantly, the 4 week running average rose
to 368,000. Understand that 368,000 x 4 equals 1.47 million
folks, in a single month, being laid off or fired. I hasten to add that most of these folks found new
work, were rehired, or, sadly, left the workforce
altogether.
The fact remains, however, that the Obama
"policies" for recovery are non-existent. After nearly four
years, sensible American's will send this know-nothing collectivist on
his way home, whereever that might be.
One thing for certain, if this country survives Obama's time in office, it might be a century or more before a "community organizer" and know-nothing is elected to the presidency.
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