In the week ending January 26, the advance figure for
seasonally adjusted initial claims was 368,000, an increase of 38,000 from the
previous week's unrevised figure of 330,000. The 4-week moving average was
352,000, an increase of 250 from the previous week's unrevised average of
351,750. (Source: Advisor persectives.com)
The total number of people claiming benefits in all programs
for the week ending January 12 was 5,914,983, an increase of 255,501 from the
previous week. There were 7,655,224 persons claiming benefits in all programs
in the comparable week in 2012. (Source: DoL.gov)
Couple this with the news of Wednesday, that GDP “surprisingly” fell into negative
territory for the first time since 2009,
and you have a stagnate (at best)
working or jobs related economy.
The Washington Post and Forbes have, both, labeled this as the worst recovery in
American history. Its been nearly 5 full
years, and we are still feeling the
effects of this recessionary period.
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