Labor report: trending upwards, again. In other words, "Same ol' same ol''."


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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