Posts Tagged ‘Senator Kyl’

“Where Are the Jobs, Mr. Speaker?”

Data from the weekly unemployment claims have a chilling affect!

The Department of Labor unemployment data for the weeks of January 13th and the 20th contained some frightening numbers, but most everyone focused on the more positive seasonally adjusted numbers in the two reports.

Seasonally adjusted initial claims on the 13th showed a large, but manageable, increase of 35,000 after the two holiday-shortened weeks. For the week of the 20th the number declined by 37,000 reversing all the negatives from the previous week’s rise. And seasonally adjusted continuing claims actually showed a surprising improvement, dropping 248,000 on the 13th and another 26,000 on the 20th.

Seasonally adjusted claims fell to the low four-hundred thousands, which is viewed by some as good news.

But, the unadjusted numbers were disturbing, showing little gain from last year’s totals. On the 13th initial claims climbed nearly 192,000; a total of 770,413 individuals filing for unemployment compensation. And though 212,504 fewer people filed on the 20th, 550,594 people signed up for benefits. Seasonal adjustments may no longer be valid given the depth of this unprecedented and lingering recession.

Over half-a-million hard-working Americans are still being laid off across the U.S. each week in construction, transportation, retail and the manufacturing and service industries. Healthcare is one of only a couple areas that are still growing and increased by 36,000 in December.

So, where are the jobs, Mr. Speaker?

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