Jobless Claims Up
Surprise! Jobless Claims Up 78,000 Week After Election; PA, OH Worst Hit
The Department of Labor has announced that new jobless claims rose
by a staggering 78,000 in the first week after the election, reaching a
seasonally-adjusted total of 439,000. Over the past year, and in the
weeks leading up to the election, jobless claims were said to be
declining, dipping as low as 339,000,
with the media proclaiming that they had reached the "lowest level in
more than four years." Now, suddenly, the news seems far less rosy.
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