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US unemployment aid applications jump to 388K



Published: Thu, October 18, 2012 @ 10:20 a.m.

WASHINGTON (AP) — Weekly applications for U.S. unemployment benefits jumped 46,000 last week to a seasonally adjusted 388,000, the highest in four months. The increase represents a rebound from the previous week's sharp drop. Both swings were largely due to technical factors.

The four-week average of applications, a less volatile measure, rose slightly to 365,500, the Labor Department said today. That is still a level consistent with modest hiring.

Last week, California reported a large drop in applications, pushing down the overall figure to the lowest since February 2008. This week, it reported a significant increase. The gyrations occurred because it processed applications last week that were delayed from the previous week.

A department spokesman said the seasonally adjusted numbers "are being distorted ... by an issue of timing."


Comments

1uselesseater(229 comments)posted 1 year, 10 months ago

How you like that Hope and Change?

Oh wait it is more of the same dismal job losses.

Unsure how someone like the sitting president can run his campaign and with a straight face say he's fixed the economy, that 5 million jobs have been created. It isn't true.

Today we have approaching 50 million citizens who are dependent upon food banks and welfare handouts of food subsidies just to live. During the Great Depression we didn't even approach these sorts of numbers with those standing in food lines (estimates of 33 million people then).

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2uselesseater(229 comments)posted 1 year, 10 months ago

As per CNN Money:

http://money.cnn.com/2012/10/18/news/...

41% of working-age Americans are out of a job for one reason or another.

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3CasLee(9 comments)posted 1 year, 10 months ago

October 16, 2012
Hello, my fellow American voters!
I watched the Oct. 3rd and Oct. 16th presidential and Oct. 11th vice-presidential debates.
1st Romney-Obama debate covered 7 topics: jobs; budget deficit/debt; social security/entitlements; federal regulation of economy; healthcare; federal government role in economy; partisan gridlock.
2nd Romney-Obama debate covered 11 topics: college graduate jobs; gas prices; taxes; equal pay; Bush policies; Obama’s record; illegal immigrants; Libya; assault weapons; jobs; candidate misperceptions.
Ryan-Biden debate covered 10 topics: Libya; Iran; economy; medicare/social security/entitlements; taxes/tax reform/spending/budget cuts; military policy; Afghanistan; Syria; abortion; negative campaign tactics.
As an INDEPENDENT female feminist (egalitarian) voter, I support the Romney/Ryan ticket.
Romney and Ryan won all three debates, although Obama improved some in the 2nd debate.
Ryan won despite Biden’s consistently rude/disrespectful behavior during the debate
(Biden interrupted Ryan often, laughed often while Ryan was talking, pointed his finger often).
Biden’s tactics to evade issues/truth were disrespectful to Americans interested in facts, figures, forecasts, and solutions for real people with real problems.
Romney and Ryan won with substance, directness, integrity, respect, clarity, facts, commitment, inspiration, and leadership.
These debates confirm that Romney and Ryan are the best persons in terms of qualifications and character to lead our country to solve problems and make life better for all Americans.
I am inspired by Romney/Ryan, and I hope that you are too!
Best regards,
Cas Lee

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