More gloomy jobs news during what is supposed to be a “recovery” …
The number of people who filed for unemployment assistance in the U.S. last week fell less-than-expected, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending April 16 fell by 13,000 to a seasonally adjusted 403K, down from 416K in the preceding week, whose figure was revised up from 412K.Analysts had expected initial jobless claims to fall to 390K. The report showed that continuing jobless claims in the week ended April 9 fell less-than-expected, declining to 3.695 million, down from a revised 3.702 million in the preceding week. Analysts had expected continuing jobless claims to fall to 3.650 million.
But don’t worry America. Obama is on the case, working hard. And by working hard, I mean, “six Democratic party fundraisers in two days.”
But when Obama meets with those donors who ponied up $38,500 a plate, hanging out with Stevie Wonder and will.i.am of the Black Eyed Peas and Jerry Rice, remember… he’s thinking of you and the hard times you’re going through.