Jobless claims rise for second week (363,000)

[UpInArms]

http://cbs.marketwatch.com/news/story.asp?column=Economic+Report&siteid=mktw

The four-week average of initial claims rose 5,000 to 350,500 in the week ended Feb. 7. It's the highest level in a month.

The increase was higher than expected.

The consensus forecast of Wall Street economists was for the four-week moving average to rise by 1,000 to 345,000.

The number of initial claims in the week ending Jan. 31 rose by 6,000 to 363,000. This is the highest level since the week ended Dec. 6, 2003.

...more...

[ClintonTyree]

1. Haven't you heard?

The economy is booming! New jobs are being added everyday! We've turned the corner!
All the damage done by the Clinton administration over 3 years ago is now being undone!
All hail George Bush!

:puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke:

[leftchick]

2. smirk* seems to be losing ground on those

what was it, 3.8 million jobs he is going to create? :eyes:

[ewagner]

3. I can't believe

Dubya let them raise the expectation level so high.

It's been bothering me since it was released on Monday. 3.8 Million jobs THIS YEAR is one hellofa mountain to climb. What happens in September when they haven't created even 1Million total? Who will they blame?

Or, if you really want to go tinfoil on this, the only other excuse for not creating as many jobs as projected is some National Disaster...

Politically, it was stupid to project this............

[ramapo]

4. Quick, start reciting the....

gay marraige, wmd, gutter politic chants

[mhr]

5. Link Is To Story On Inventories Not Jobless Claims?

Did CBS Change The News?

http://cbs.marketwatch.com/news/story.asp?column=Economic+Report&siteid=mktw

[NNN0LHI]

6. Here is another link. They say the job losses are caused by the weather?

http://www.quicken.com/investments/news_center/story/?story=NewsStory/dowJones/20040212/ON200402120839000600.var&column=P0DEC

[Frodo]

7. I'm not sure what the mechanism for that is?

"Well, we thought we were going to be able to keep you guys on staff, but... d@mnit... it's just such a cold, dreary day out there... you're all fired"


I can see hiring being slightly effected, or "hours worked" in some hourly jobs... but fired for the weather? I can only think of a handful of people who should be fired based on the weather and they all work for local TV stations predicting the weather.

[2004Donkeys]

8. Welcome to Peak Oil, Mr. Bush

This economy is headed back into the gutter by May.

[2004Donkeys]

9. Go to briefing.com if CBS changes the story

n/t

[Gingersnapsback]

10. How desperate can they be?

The weather caused the layoffs? Even the children left behind know that's ridiculous. How many layoffs have other winters caused?

[llmart]

11. Chimpy's job creation program

had better get a move on. There's only 10 months left and we're going backwards. What a Dope!