American Elephants

Why Do They Always Say “Unexpectedly?” I Expected It, Didn’t You? by The Elephant's Child

Unexpectedly. new claims for unemployment insurance rose last week, climbing past the 400,000 mark as the jobs market continued to show signs of weakness.  Weekly applications for benefits rose by 6,000 to a seasonally adjusted 402,000 for three straight weeks.

Economists projected that employers added a net 125,000 jobs, and the unemployment rate remained at 9 percent for the second straight month.  This is barely enough to keep up with population growth.  Applications would need to stay below 375,000 consistently to push down the unemployment rate.

This is the report from CNBC, and the government report on job growth will come out tomorrow.  The emphasis from the media is always on new claims for unemployment insurance, which doesn’t cover those who have run out of benefits and those who have quit looking or those who are working a couple of part-time jobs. They seem to have trouble separating new government jobs from new jobs in the private sector and the pace and reality of government actions that prevent job creation just escape the media entirely.

Republicans have been generously explaining how jobs are created for three years now, but unexpectedly, Democrats continue failing to understand how joblessness comes about.

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