Unemployment claims came out, and WOW!
So even though our economy is down, it’s still up. Or we’re up, but still down. Whatever… it’s all good, because your neighbor pays.
And it’s another example of the stupid math liberals use to mask reality.
The unexciting nature of the newest unemployment claims is papering over all of the downward revisions that we are seeing in other areas of the economy.
For new readers the sentence above is an example of a device I employ now and again called “sarcasm.”
“Initial claims for state unemployment benefits dropped 26,000 to a seasonally adjusted 323,000, the Labor Department said on Thursday,” reports Reuters. “That was the lowest level since the end of November and the drop more than unwound the prior week’s rise.”
I’m surprised they didn’t blame the unusually low number of new claims on the weather.
After all, I’m thinking slackers are more likely to find themselves in the unemployment line, thus they’d be less likely to go out in the cold first and then wait in the unemployment line.
Read More: http://finance.townhall.com