US job market grim despite improving signals
New claims for jobless benefits dropped more than expected to a seasonally adjusted 512,000 during the week ended October 31, the first decline following two weeks of increases and the lowest level since January 3, when claims stood at 488,000. Continuing claims also fell.
While this may strike some folks as good news? To me it says that we are still losing 2 million jobs a month and more. and we have been for the past six months.
So where is the end? Where is the silver lining? And when is Obama's stimulus going to kick in and create new jobs? Must stop typing now, as this holding my breath waiting for any of that to happen is causing me to become light headed.
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