Hey, what do you know? Unemployment has “unexpectedly” risen again! How unexpected. On the anniversary of Porkulus, no less.
New U.S. claims for unemployment benefits rose more than expected last week, according to a government report on Thursday that still pointed at gradual labor market recovery.
Initial claims for state unemployment benefits increased 25,000 to a seasonally adjusted 410,000, the Labor Department said, partially reversing the prior week’s hefty decline.
Economists polled by Reuters had forecast claims rising to 400,000. The previous week’s figure was revised slightly up to 385,000, from the previously reported 383,000.
Gradual recovery my butt! If you think we’re in the midst of a recovery, think again.
Update: These people couldn’t be more clueless. Obama’s new mouthpiece came out today and said they’ve met the stimulus goals.
White House press secretary Jay Carney says the Recovery Act added several million jobs and lowered the unemployment rate. According to Carney, the “goals” of the stimulus package “have been met.”
A reporter asked Carney why unemployment is at 9% and not 7%, the percentage projected if the stimulus worked. Carney dismissed the question. “We’ve said repeatedly that we don’t want to relitigate the battles of the past,” Carney told the reporter.
Of course they don’t won’t to relitigate the battles of the past, especially on the day Gallup reported 10% unemployment.