BREAKING: Lines Grow At U.S. Unemployment Offices, 26 year high

[Liberal_in_LA]

http://www.forbes.com/markets/2008/11/20/weekly-jobless-claims-markets-econ-cx_md_1119markets08.html

Market Scan

Lines Grow At U.S. Unemployment Offices

Maurna Desmond, 11.20.08, 09:45 AM EST

Weekly jobless claims have hit a sixteen-year high.

The number of Americans who applied for unemployment benefits for the first time hit a 16-year high last week, pushing the rolling herd of jobless citizens receiving this type of government aid to its highest level in 26 years.

The Labor Department reported Thursday that initial jobless claims for the the week ended Nov. 15 increased by 27,000, to 542,000, from the previous week's revised figure of 515,000. The four-week moving average was 506,500, an increase of 15,750 from the previous week's revised average of 490,750.

[Parche]

1. Its Clintons fault

its Obamas fault
its trumans fault
its JFK's fault

So there

[lib2DaBone]

2. People do not need a job to buy a car...they are just being "cautious"