Layoffs Rise 68% From March To April - Democratic Underground

Amerigo Vespucci

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Thu May-01-08 09:09 AM
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Layoffs Rise 68% From March To April

Source: The Huffington Post

WASHINGTON — The number of newly laid off workers filing claims for unemployment benefits soared last week.

The Labor Department reported Thursday that claims for unemployment benefits rose by 35,000 to 380,000. Private economists had expected claims would rise by a smaller 18,000.

The report on jobless claims came a day ahead of a report on unemployment for April. Economists expect that report will show that the unemployment rate edged up to 5.2 percent in April, from 5.1 percent in March. The economy is expected to lose 70,000 jobs, the fourth straight month of job losses.

Read more: http://www.huffingtonpost.com/2008/05/01/layoffs-rise-68-from-marc_n_99561.html

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Doctor_J

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Thu May-01-08 09:50 AM
Response to Original message

1. Twice as much of an increase as the economists predicted

Why can't the resident of the WH become a job casualty?

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madrchsod

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Thu May-01-08 12:31 PM
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5. he`s done on nov 5th 2008

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A Simple Game

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Thu May-01-08 12:32 PM
Response to Reply #1

6. I certainly hope that the economists are making their predictions

for free. I would hate to learn they are being paid for their predictions.

Have any of them ever been right?

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acmavm

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Thu May-01-08 10:27 AM
Response to Original message

2. And we ain't seen nothin' yet. Just wait.

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Baby Snooks

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Thu May-01-08 10:48 AM
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3. But we're not in a recession!!!!!!

This country is not in a recession. It is in a depression. And more and more are being laid off and more and more will face, as some already are, the reality of the point at which unemployment runs out and they are forced to take menial jobs wherever they can just to try to keep food on the table in a house they can no longer afford payments on.

The Empress took the interests of the American people off the table as well as impeachment. She is just as evil as the Emperor.

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madrchsod

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Thu May-01-08 12:30 PM
Response to Original message

4. that does`t count people like me who can`t find a job

and the millions who are under- employed...my wife is a journeyman printing press roll tender and now she taking care of handicapped people at 10 an hour instead of 17....

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