Government: Initial jobless claims spiked 30,000 to 586,000 last week.

[Amerigo Vespucci]

Source: CNN

Government: Initial jobless claims spiked 30,000 to 586,000 last week. Personal spending fell for 5th straight month in November.

Read more: http://www.cnn.com/

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No story yet, jut the breaking headline above on CNN's home page.

[comtec]

1. color me unsurprised

:cry:

with all the lay offs RIGHT BEFORE X-mas, and all of the whole sale closing of businesses the other month....

no surprise about this number at all :(

[Warren Stupidity]

2. Merry Xmas Everyone

From your Paternalistic Kleptocracy.

[Phred42]

3. They NEVER give out the actualy numbers on the first pass

often not on the second or third pass - sometimes not at all.

But NEVER accept the numbers on the first pass.

[Zorra]

4. Does this mean that something like 2 million or more people lost their jobs

the past month or so?

The way the Bu*h administration has "redefined" many statistics over the past 8 years, it's difficult to understand what federal statistics actually gauge anymore.

[Acadia Blue]

5. Very possible. But Bush is in good cheer as his buds are still rich.

[sakabatou]

6. Here's your present people!

It's pink slips! YAY!