Posts Tagged ‘jobless’

Who do you trust?

February 5th, 2010 | No Comments

Yesterday the headline was jobless claims much higher than expected at 480,000.  That helped lead to a sell-off on the markets, pushing Dow below 10,000, again.  So, imagine everyone’s surprise when we get today’s headline: Jobless Rate Falls Unexpectedly to 9.7 Percent in January Now, that means more people are filing claims, but fewer are [...]

Don’t look now……

February 4th, 2010 | 1 Comment

But unemployment claims went up, again.  They were expected to drop to 460,000.  But, they came in at a revised 480,000.  That’s about 4% more than expected. Obama, sensing there might be some bad news, cheerfully told people to not watch the “echo chamber”.  That’s cable news to most of us. Then, the House Democrats [...]