US unemployment benefit applications rise to 367,000, level consistent with only modest hiring

  • Article by: MARTIN CRUTSINGER , Associated Press
  • Updated: October 4, 2012 - 8:49 AM
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  • Comments

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  • 1 - 8 of 8
choochoo12Oct. 4, 12 7:59 AM

1.5 million people are losing their jobs and filing *initial* claims for unemployment every month. Hahahaha. That figure doesn't include those who do not qualify for unemployment such as part-timers or those on the job for only a short period of time. Hahahaha. Only 56% of those who lost their jobs during the Obama administration have found new jobs (that means 44% couldn't find new jobs for the mathematically challenged) and MOST of them are earning FAR LESS than they earned before Obama was elected and many are working part-time because they can't find full-time jobs. Hahahaha. And you Democrats want 4 more years of this? That isn't funny.

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acctsah2Oct. 4, 12 8:54 AM

Everyone, well almost everyone, would have to agree this is not good. It's been almost four years and it has not gotten any better. For the first six months or so you would not expect too many changes, the first year, ok still not expecting too much. But now, it's getting a little old reading how the unemployment numbers are still pretty bad and not changing with no sign of changing anytime soon. Are you still going to defend Obama and say he is working on it? It takes time? So on and so on......

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usafnodakOct. 4, 12 9:24 AM

When we hear that 5 million jobs have been created, what types of jobs are those and what do they pay? Our labor participation rate is the lowest it's been in decades. Obama spent more than a trillion dollars promising to turn the economy around. Divide 1 trillion by 5 million to see what the cost per job added was under Obama. Many of those jobs are part time and provide little if any benefits. How much do those jobs pay?

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rickbmnOct. 4, 1210:18 AM

A day late for debate discussion, but Romney already had more than enough firepower from Obama's other failed policies.

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ddellwoOct. 4, 1210:50 AM

The Obama economy reeks of the "Jimmy Carter Malaise" that plagued this country in the late '70's.

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whobedemanOct. 4, 1212:29 PM

So why is does the federal gonverment continue to import 1.6Million foreign workers every year? And why is Obama handing out work permits to millions of illegal aliens?

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peterschiffOct. 4, 12 4:49 PM

The real unemployment rate (the U6) is much higher. When you factor in the people who have given up (out of frustration or ironically lack of hope of finding meaningful employment) or the people who are part-time and would like full-time, and the people who have lost all benefits but are now counted as being employed by the government...well unemployment is much higher to say the least. These losses are much more serious. The jobs being created are not even staying put with the population growth. Worse times are coming....

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roadtoruinOct. 4, 12 5:57 PM

Worse times are coming....Not necessarily. I pretty confident that things may start to improve after Mitt Romney is elected President. They have no where to go but up.

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