According to the Department of Labor, weekly jobless claims unexpectedly jumped to 861,000, which is a 13,000 increase in claims for the week of February 13.
Economists were expecting the claims to fall from 793,00o to 768,000....yet they rose. Unfortunately, this is something that Americans knew was coming, and that former President Donald Trump warned us about if Biden got into office.
Breitbart reports:
Jobless claims can be volatile week to week so economists like to look at the four-week average. This fell to 833,250, 3,500 below the prior week’s average.
Jobless claims—which are a proxy for layoffs—remain at extremely high levels. Prior to the pandemic, the highest level of claims was 695,000 hit in October of 1982. In March of 2009, at the depths of the financial crisis recession, jobless claims peaked at 665,000.
Typically what happens in our fluctuating economy is that businesses lay off employees as they adjust to market conditions and the demand for workers. Most of the employees who are let go are quickly able to find another job and never end up being reported in the unemployment numbers. However, now we are seeing workers lose their jobs and not be able to find replacement work, and are therefore having to apply for benefits.
Seems like that is exactly what Democrats want....Americans dependent on the government for necessitates so that they can dictate and control our every move.
Trending Political News
Experts Warn Food Prices will Skyrocket if Biden Closes Dakota Access Pipeline
Experts are warning that if Joe Biden decides to shut down the Dakota Access Pipeline, then both farmers and consumers will pay the price.
As more than 200 celebrities and activists have called on Biden to close the pipeline, we can only pray he does not listen. Otherwise food prices can be expected to skyrocket.
Jemele Hill: ‘National Anthem No Longer Belongs in American Sports’
The more Jemele Hill opens her mouth, the more anti-American she proves herself to be.
The Atlantic writer is defending Dallas Mavericks owner Mark Cuban for canceling the National Anthem at the beginning of games. She declared that he was right and that the anthem does not belong in American sports.
Trump Lawyer Van Der Veen: ‘We DEMOLISHED Their Case!’
Unless you have been living under a rock, you have probably heard that former President Donald Trump has been acquitted in the impeachment trial...as he should be.
Following the acquittal, Trump’s defense attorney Michael Van Der Veen appeared on FNC’s “America’s News HQ” and reacted to the verdict delivered by the Senate.
Rep. Swalwell Calls for ‘White Nationalism Task Force’
On Monday, Democrat Representative Eric Swalwell appeared on MSNBC and called for a “white nationalism task force” in addition to an independent commission to investigate the Capitol Riot.
MSNBC anchor Katy Tur asked, So is the House going to just wipe their hands of this now and move on or will there be a 9/11 style commission looking into how it will happen? Is there more investigating that will be done?”
