Thursday, November 15, 2012

NY Manufacturing shrinks in Nov. 2012 for 4th month, jobless claims rise w/e Nov. 10, Ohio and Penna. worst hit, not due to Sandy as media said

Update: 11/15/12, “Surprise! Jobless Claims Up 78,000 Week After Election; PA, OH Worst Hit, Breitbart, Pollak

Some of the new claims, especially in New Jersey, were due to Hurricane Sandy–but these were offset by a decline in claims filed in New York. The highest numbers of new filings came from Pennsylvania and Ohio, where there were thousands of layoffs in the construction, manufacturing, and automobile industries. 

Both states had been targeted by the presidential campaigns. President Obama highlighted his record of job creation in Ohio in particular, focusing on the automobile industry. The state reported 6,450 new jobless claims in the week after the election–second-highest after Pennsylvania, which recorded 7,766 new claims.”


11/15/12, “Manufacturing in New York Region Shrinks for Fourth Month,” Bloomberg, Nov. 2012

“Applications for jobless benefits surged by 78,000 to 439,000 in the week ended Nov. 10, the most since April 2011, the Labor Department said.”…


No comments: