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Jobless Claims Are Back Up. Where Are the Jobs?

Written by Gary North on May 31, 2013

First-time jobless claims hit 354,000 last week.

The figure had been dropping early in May. The media had started running articles on happy days are here again. Like Ginger Rogers in Gold Diggers of 1933, their song was premature.

This also was bad news. More people were collecting jobless benefits: up by 69,000. The total is just under 3 million. This does not count workers receiving extended benefits from various federal programs.

This was not supposed to happen. But it did.

Explanation! There has to be an explanation — other than the lackluster Keynesian economy. I can almost hear the news editor at Bloomberg telling some hapless reporter: “Go find an explanation.” And the reporter did just that.

Government offices were closed on May 27 for the Memorial Day holiday, which shortened the amount of time they had to process applications.

“Perfect,” said the editor. So, he sent an email to the headline writer and gave him the headline. Jobless Claims in U.S. Climb as Holiday Hampers Count.

Mission accomplished.

Continue Reading on www.bloomberg.com

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19 thoughts on “Jobless Claims Are Back Up. Where Are the Jobs?

  1. Bob Marshall says:

    How many of those jobs created were government jobs?

  2. How many of those jobs are filled by immigrants – legal and illegal? Answer: Lots and lots of them.

    Nonetheless: Twinkletarians, pew warmers and the blinkered will continue to flog their neighbors, kith and kin with scorching accusations of sloth, greed and incompetence while at the same time bolstering their 'sainted' Other atop the spindliest, most transparent of pedestals.

  3. Bob Marshall says:

    How many IRS agents were just hired?

  4. I guess we are suppose to be sheep and accept what government tells us? The Boot of Marxism will be bloody. Our blood.

  5. what the…? at 1:39 is that pig Latin??

  6. If the office processing applications closed early, that would mean that the jobless claims could be even higher. What am I missing here?

  7. Yet TRAITORS are doing all they can to attract more job-stealing illegals here. Globalists trying to dissolve our border.

    Anyone with an IQ above that of a turnip should be able to realize that amnesty would only serve to attract millions more job-stealing illegals here.

    The ONLY way to stop the illegal alien invasion: MAKE THINGS AS TOUGH AS POSSIBLE on the illegals, so they will self-deport back to Mexico, etc. at their own expense because they get to hate it here so much. We certainly can't afford to deport over 20 million illegals. Plus most would only come right back if we tried.

    I urge everyone to call Congress telling them NO amnesty in any way, shape or form. Tell them to crack down on the illegals already here instead of trying to lure more here.

  8. How much of this has to do with college graduation and summer vacation? Just wondering.

  9. Trouble is, 50-1/2% of the voters said "it doesn't matter, the 49-1/2% will pay for our UN-employment". We've reached and passed the "tipping point" when the "something-for-nothing" crowd can sell their votes for freebies at the expense of the rest. Another 11,000,000 "SFN" votes would cinch the deal. LAST CHANCE: WIN THE SENATE IN 2014! God bless America!

  10. With higher and higher unemployment rates, Oboner can hand out more of government dole to the masses. Granted, the American dollar becomes more worthless. We will be walking around with wheel barrels loaded down with useless paper scrip. I guess we can use the dollar bills as toilet paper.

  11. Seymour Kleerly says:

    One of the tenants of Marxism is FULL EMPLOYMENT!

  12. Charles says:

    Ya where is the shovel ready jobs this fraud and usurper barack hussein obama said he had for We The People . Oh ! that right, he is hiring more IRS Agents so We The People can pay for his illegal administration . Hay liberals how do you like this pice of garbage barack hussein obama now ?

  13. James Tacey says:

    I have a question, if you have 345000 new claims for unemployment, wouldn't you have another millon people out of work. How come the rate never changes upward. Just confussed about this.

  14. James Tacey says:

    Ment to add every month.

  15. Re: Seymour Kleerly,
    — One of the tenants of Marxism is FULL EMPLOYMENT! —

    Indeed, the Gulags were filled with happily-employed people.

    One of the features of a sound economy is NOT full employment, it's production.

  16. Seymour Kleerly says:

    I'm just addressing Henry's silly explanation of America's lack of jobs.

  17. OldFartAmerican says:

    This administration is a failure and criminal to boot!

  18. It is too late America. America is dying on the vine. Once obummer got in the White House, America started down the road to becoming a Marxist State just as Venezuela did under Hugo Chavez. And yes, blood will be flowing in the streets in short order. The installation of a Marxist State typically happens that way.

  19. Excellent and accurate point. And our production levels are in the tank!