Midknight Review -- new and revised: First time claims for unemployment benefits came in at 423,000 for last week, down from the previous week of 432,000.

First time claims for unemployment benefits came in at 423,000 for last week, down from the previous week of 432,000.

The four week average is up, coming in at 421,000 before this week's total is adjusted -- probably upwards. Midknight Review uses a baseline number of 375,000 for the line of demarcation between net job loss and net job gains. There are any number of links that take you to articles supporting this theory.

Here is our link for the explanation that gives us (Midknight Review) this 375,000 baseline figure .. permalink.

We have had 158 weeks out of 163 with first time claims at 400,000 or more.

Talk at Squawk Box, CNBC and FoxBusiness tell us the global market is in a bear circumstance, losing more than 10 billion since May of this year. More and more market analysts believe we are in a second recession.

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The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

First time claims for unemployment benefits came in at 423,000 for last week, down from the previous week of 432,000.

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