Thursday, August 20, 2009

Jobless Claims Rise Unexpectedly to 576K

Headline from the Associated Press today. What is instructive is the following text: "The number of first-time claims for unemployment benefits rose unexpectedly for the second straight week, a sign that jobs remain scarce even as other data show the economy is stabilizing." Hmmmmm.

Maybe it's time the Administration gave some thought to the puzzle as to why jobs keep disappearing, even though the economy is stabilizing. Perhaps, demonizing business and business folks and making employees more expensive is counter productive. Is anyone in the White House listening?