Jobless claims steady, labor worries persist

[hue]

Source: Reuters

(Reuters) - New claims for unemployment benefits were unchanged last week, according to government data on Thursday that will do little to ease concerns about a recent slowdown in jobs growth.

Initial claims for state unemployment benefits held steady at a seasonally adjusted 370,000, the Labor Department said.

The prior week's figure was revised up to 370,000 from the previously reported 367,000.

Economists polled by Reuters had forecast claims falling to 365,000 last week. The four-week moving average for new claims, considered a better measure of labor market trends, fell 4,750 to 375,000.

"We are really not showing much momentum in the labor market at this time," said Sean Incremona, an economist at 4Cast in New York.

Futures for U.S. stocks added to losses following the data's publication.

Read more: http://www.reuters.com/article/2012/05/17/us-usa-economy-jobs-idUSBRE84G0NV20120517

[midnight]

1. The most important tool that our congress by law should use, the full employment act ,they ignore.

The millionaires club running Washington think they can still get some mileage out of tax cuts create jobs....

[snappyturtle]

2. I wonder how much of this is tied to the fact that this year

is an election year? Election years, as I have learned, are dubious
at best until the election is over. There's less commitment and a
wariness that hovers over all.

[midnight]

3. Stop The GOP Assault On The U.S. Economic Future article was printed a few days ago...

It lists the reason for such a disastrous economy..http://www.addictinginfo.org/2012/05/13/stop-the-gop-assault-on-the-u-s-economic-future/



"For Those Who Are Interested In How and Why We’re Here

Thirty years ago, politicians began systematically dismantling the laws that have protected the public since being enacted soon after the Great Depression. The Republicans, who were elected in large numbers in 2010 ostensibly to address economic policies and get our economy revved up, instead have focused almost solely on social policies while obstructing every single bill put forth by Democrats to deal with the fragile economic recovery. Adding fuel to the fire, presumptive Republican presidential nominee Willard Mitt Romney has not laid out one single detail as to how he would deal with the recovery other than picking a stray agency here or there like Planned Parenthood, The Public Broadcasting System, or the Commerce Department to use as a dog whistle."