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[quote=poorgradstudent]Employment is a lagging indicator. And Rich has posted several graphs showing that employment is improving.[/quote]
Weekly Jobless Claims Jump It marked the second week that claims took an unexpected leap. In the prior week, claims rose by 18,000 to 460,000.
The number of people continuing to draw unemployment benefits moved higher. They rose to 4.64 million, from 4.57 million.
Approximately 5.97 million people were receiving extended benefits in the week ended March 27, the latest data available.
And whenever they’re done w/the census, those people won’t be working either.
But, all hope is not lost. President Signs Bill Extending Jobless Benefits
I know this is not going to happen, but a funny thought. When everyone is unemployed, where will TPTB get the tax money to pay for all this.
