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More bad economic news: unemployment claims rose last week to 500,000



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This isn't good. Not good at all:

The country got some more disappointing news about jobs on Thursday.

Initial claims for unemployment rose last week to a seasonally adjusted half a million, the first time since November that they have reached that level.

The Department of Labor said in its weekly report that the seasonally adjusted jobless claims climbed by 12,000 to 500,000 from the previous week’s revised 488,000.

Wall Street analysts had expected the seasonally adjusted claims to drop.
Everyone is hoping that the claims will drop and the unemployment rate will drop. Well, everyone except the GOPers who created the economic crisis, wouldn't do a thing to help fix or end the crisis and are expecting to reap political gains because of the horrible situation.


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