Applicants at a job fair in Tinley Park in 2009. (David Pierini/Chicago Tribune)
By Gail MarksJarvis | Expect disappointing government data on rising jobless claims and shrinking orders for business equipment to provoke speculation today that the economy could be headed back into recession, or what’s called a “double dip.” Workers appear to be in bad shape, with the number of people filing for state unemployment benefits climbing rather than declining. Numbers released today for last week, show a rise of 22,000 in new unemployment claims although economists had expected the opposite — fewer people forced to head to the unemployment office. Get the full story: MarksJarvis on Money |
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Could you please identify these “economists” who have been wrong on virtually every projection regarding unemployment for at least the past year. The writer states, “22,000 in new unemployment claims although economists had expected the opposite.” EXPECTED THE OPPOSITE? On what basis? Virtually every day more companies are announcing layoffs and cutbacks, such as the ABC network just yesterday. The media might just want to reevaluate their list of “experts.”
And Senator John Kyl(R) is threatening to block a senate vote to extend unemployment benefits unless the administration agrees to let the Guardians Of Privilege eliminate the estate tax. Kyl wants to hold American families who have been downsized and had their jobs shipped overseas hostage to a tax cut for Paris Hilton. I bet even Ms. Hilton would have a problem with a move that is so crass and cruel to so many American families.