While Barack Obama and congressional Democrats spend their time focusing on Obamacare, to which the majority of Americans are opposed to, joblessness rose more than projected.
Via Wapo's Economy Watch:
Unemployment claims filed last week rose unexpectedly, coming in at 496,000, up 22,000 from the previous week.
Taken with other discouraging news released this week -- record-low January new home sales and a slide in consumer confidence -- the new jobless claims number describes a slow and uncertain recovery.
Forecasters had expected 460,000 new jobless claims to be filed last week
The four-week moving average of new jobless claims -- which smooths out volatility in the week-to-week numbers -- rose 6,000 to 473,750.
Perhaps Democrats should turn their attention towards our unemployment rate and stop trying to jam unpopular legislation through the House and Senate.
Just a thought.
H/T Top of the Ticket.
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