I Told You So 23

I just read a report on Newsmax.com that stated:

First-Time Jobless Claims Rise Unexpectedly

Thursday, 04 Feb 2010 08:48 AM

The number of newly laid-off workers filing initial claims for jobless benefits rose unexpectedly last week, evidence that layoffs are continuing and jobs remain scarce.

The rise is the fourth in the past five weeks. Most economists hoped that claims would resume a downward trend that was evident in the fall and early winter.

The Labor Department says that new claims for unemployment insurance rose by 8,000 to a seasonally adjusted 480,000. Wall Street economists had expected a drop to 460,000.

The four-week average, which smooths fluctuations, rose for the third straight week.

The number of people continuing to claim benefits was unchanged at 4.6 million.

I told you in December that the unemployment rate would go back up in January following the Christmas season and that the prior claims of the economy recovering based on the decrease of unemployment claims for November was just a lie or slight of hand. I already pointed out that the new unemployment claims had increased during December surprising everyone and showing that the economy is in no way recovering.

This is further proof that what I said is true and that they are lying to you. But there are two things I wish to point out they are not saying. First, they have not posted the total unemployment percentage for December anywhere I can find it and they only carefully imply the total unemployment by saying it has not changed. It has not changed since when?

Gee, I wonder why they are being very careful to not tell you what the current total unemployment percentage is? Could it be because you would quickly figure out that the economy is not only not recovering but is still getting worse? No, they wouldn't do that would they? :-)

Second, they state the that the new claims for unemployment are increasing by almost half a million a week but the total number of people claiming unemployment (not the total percentage of unemployed, they are different numbers) has not changed. I have also shown in a previous essay that this is being caused by very large numbers of people giving up and stopping looking for work and not by people getting jobs. This should tell you that the real unemployment is increasing by over 400,000 people per week. Conservatively estimating, it is very probable that the real unemployment is at or above 20% or 1 in every 5 people who want a job. Now just how long do you think this can continue before the entire economy caves in?

Just keep adding together all of the things I keep showing you and you should come to the realization that this economy is in serious trouble and more and more of the experts are just beginning to get the picture and get seriously worried. And the stupid commie's just keep spending the country further into debt and making all of the other wrong moves. Good old commie-nomics. It will kill your country every time. This is going to hurt a lot.

The thing that kills me here is the title of the article, "First-Time Jobless Claims Rise Unexpectedly". My question is why was this unexpected by our brilliant experts when I have been telling you for almost two months that it was going to happen? I get my information from news sources, which is often flawed, and they have better sources of information and can't figure out what I figure out? Just how smart can these experts be? :-P I wasn't surprised, where you? That is probably because we aren't experts. :-) Yeah, that's it.

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