Realistically, how many of the claims are Sandy related???
Claims were way higher than predicted last week and they had Sandy figured into projections. This time the number hit projections right on the head, so one would think the Sandy factor blew its load last week.
re: Jobless claims @410k(Posted by Lsut81 on 11/21/12 at 10:22 am to Puck82)
quote: Eh. Seems like for every 10k added to unemployment the unemployment rate only goes up .00000000001 but for every 10K that find a job it goes down .1. They will make it work.
Well the number never dropped below 340k in the 2 months that it dropped from near 9 all the way down... We were averaging about 360-370k for the past few years, it would only seem right that two weeks of +80k and +40k would send that number skyrocketing up
People in LA should be familiar with unemployment during a major storm. NY and NJ lost business throughout the state. When you can't go to work through no fault of your own I.e. a major storm, you receive unemmployment. As those states start to rebuild the claims will drop. Stop watching Fox news!