Jobless claims surge in wake of superstorm Sandy

[No Elephants]

Jobless claims surge in wake of superstorm Sandy



WASHINGTON | Thu Nov 15, 2012 8:43am EST

(Reuters) - The number of Americans filing new claims for jobless benefits surged last week to a 1 1/2-year high, a sign superstorm Sandy had dented the economy by leaving tens of thousands of people out of work.

Initial claims for state unemployment benefits rose 78,000 to a seasonally adjusted 439,000, the Labor Department said on Thursday. That was well above the median forecast in a Reuters poll of 375,000.

An analyst from the department said several states from the mid-Atlantic and Northeast reported large increases in claims due to Sandy, a mammoth storm that slammed into the East Coast in late October.

The deadly storm left millions of homes and businesses without electricity, although the economic impact of the storm is likely to be temporary.

Economists expect the storm could shave as much as half a percentage point from economic growth in the fourth quarter. However, any lost activity should be made up early next year.

http://www.reuters.com/article/2012/11/15/us-usa-economy-idUSBRE8AD11I20121115

[rpannier]

1. Obama's Fault

Impeachment now

on edit: I hope you're all happy for ruining America
and
GLBT Community caused this...And Liberals...And Feminists... And Secularists... And Muslims... And Ed Schultz

*******
Just preparing for the Faux talking points

[No Elephants]

2. Liberals? What liberals? .

[Enthusiast]

3. Yeah

Liberals don't appear to have much of a voice.

[rpannier]

4. the faux whipping classes for limbots and teahadists

[No Elephants]

5. I wish federal, state and local governments were full of liberals.

But I haven't seen one in government in years, except Bernie Sanders. And what can he do on his own?