Posted on | July 19, 2012 | 14 Comments
And by “somebody else,” I mean, Barack Hussein Obama:
U.S. jobless claims jumped 34,000 to 386,000 last week, the government reported Thursday, reflecting typical summertime fluctuations in auto-industry employment.
Applications for unemployment benefits are now back to somewhat elevated levels after falling two weeks ago to a four-year low, suggesting the labor market remains sluggish.
Economists surveyed by MarketWatch had forecast claims would rise to a seasonally adjusted 365,000 in the week ended July 14. The level of claims is a rough gauge of whether layoffs are rising or falling.
Claims in the prior week were revised up to 352,000 from 350,000.
The unemployment applications exceeded forecasts by 21,000 and that’s just “typical,” eh? Unemployment is just “somewhat elevated,” eh?
And by the way, does anyone remember the Labor Department’s unemployment numbers being revised downward during this administration? Or am I correct in suspecting that the initial report pretty much always understates the numbers, and then they come back to “revise upward” later on when they think we won’t notice? Dog-bites-man headline of the day:
You didn’t need a poll to know that. Somebody else needed that poll.
It’s Obama’s economy, stupid.
UPDATE: Guess it’s time to post this video:
Somehow I get the feeling Obama will say on Nov. 7, “I didn’t lose that election. Somebody else made that happen.”
MITT ROMNEY for PRESIDENT
Make That Happen