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Ummm...it rose 38K to 407K. There aren't "407 000 new jobless claims!" as you titled your post.
Please make the corrections for accuracy's sake. Thank you.
407,000 minus 38,000 = is still a LOT OF JOBLESS people.
Now, you need to forecast how creative USA in shifting its resources, retraining people, and create new jobs to handle those losing jobs . Health care and leisure are two areas people may still be "employed" in the USA within a decade.
I really don't know also, if you lose your $50, 80, 100, 200k jobs and suddenly forced to take $20-30k jobs in metro area such as DC, LA, NYC, Miami, or SFO whether that counts as "bad" in the cards?
CNBC calls this "disappointing". Sane people would call it a slaughter.
Last edited by weswelker#83; 04-03-2008 at 04:53 PM..
Spin, spin,.. spin, spin..... "If I was a spinner, and you were a lady, would you marry me anyway, would you have my baby...."
About 70,000 new jobless claims, re CNN today. Brings the total unemployment figure up to a whopping 5.1% !!!! Wow!!! Still better than the Clinton years. Don't even go near the Jimmy Cahter years if you want to keep your lunch inside you!
"All that is required for evil to triumph is for good to do nothing."