4/4/13, "Weekly Jobless Claims Get Weaker as Outlook Dims," Reuters
"The number of Americans filing new claims for unemployment benefits rose to its highest level in four months last week, suggesting the labor market recovery lost some steam in March.
Initial claims for state unemployment benefits increased 28,000 to a seasonally adjusted 385,000, the highest level since November, the Labor Department said on Thursday.
It was the third straight week of gains in claims. Coming on the heels of data on Wednesday showing private employers added the fewest jobs in five months in March, the report implied some weakening in job growth after hiring accelerated in February.
Economists polled by Reuters had expected first-time applications last week to fall to 350,000....
The labor market is key to the Federal Reserve's monetary policy. This month the central bank said it would maintain its monthly $85 billion purchases of mortgage and Treasury bonds to keep rates low and foster faster job growth."
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"Even worse news for America's poor, though, is that no one cares about their plight." Obama's media desperate to keep his image up won't talk about it. His slumlord mentor Valerie Jarrett didn't give a crap about the poor either.
4/4/13, "Jobless Claims Hit Four-Month High," John Nolte, Breitbart
"For the third straight week, the number of Americans filing for new unemployment benefits rose. Thursday's increase was quite dramatic. Though economists expected new claims to fall to 350,000, claims actually rose to 385,000 -- the highest number since November....
If what we have here is a trend in
which the job-creation situation is getting worse, this is terrible news
for America's poor -- those living on the margins and smacked hardest
by any negative trend in the American economy. Wednesday, courtesy of
the U.S. Census Bureau, we learned that poverty in America has just hit
its highest level since the Lyndon Johnson administration. A full
one-in-six, roughly 50 million Americans, now live below the poverty line.
Even worse news for America's poor, though, is that no one cares about their plight. Desperate to keep Obama politically viable, rather than focus on the increase in poverty, our anemic GDP, and weak job growth, the media instead focuses on gun control and immigration reform -- the divisive cultural issues that keep Obama in the 50% approval range.
Nothing can drain a president's approval rating and political strength faster than a bad economy for which he is responsible. So rather than focus on the economy, which might result in some action that improves the situation for America's poor, Obama and his media choose to pretend none of this is happening."
Even worse news for America's poor, though, is that no one cares about their plight. Desperate to keep Obama politically viable, rather than focus on the increase in poverty, our anemic GDP, and weak job growth, the media instead focuses on gun control and immigration reform -- the divisive cultural issues that keep Obama in the 50% approval range.
Nothing can drain a president's approval rating and political strength faster than a bad economy for which he is responsible. So rather than focus on the economy, which might result in some action that improves the situation for America's poor, Obama and his media choose to pretend none of this is happening."
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Obama mentor Valerie Jarrett ended up becoming a slumlord and getting fired by Mayor Daley:
8/14/12, "Obama's Strange Dependence on Valerie Jarrett," American Thinker, Karin McQuillen
8/14/12, "Obama's Strange Dependence on Valerie Jarrett," American Thinker, Karin McQuillen
"Not that Jarrett's record in Chicago was anything to be proud of. Jarrett was known for her corruption and incompetence. Daley finally had to fire her after a scandal erupted over her role in misuse of public funds in the city's substandard public housing. She went on to become CEO of Habitat Executive Services, pulling down $300,000 in salary and $550,000 in deferred compensation. Again, she managed a housing complex that was seized by government inspectors for slum conditions. The scandal didn't matter to Obama. The sordid corruption was all part of Jarrett's Chicago success story."...
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