Unemployment Unexpectedly Jumps Again; 429,000 New Claims

|| The lines just keep getting longer, 429,000 new jobless claims. ||

Recovery?

President Obama continues to preach the recovery mantra,

As corporations post record profits,

But unfortunately the economy continues to shed jobs

New unemployment claims rose to 429,000 this past week.

New applications for unemployment benefits in the U.S. unexpectedly rose last week to the highest level in three months, a sign the labor market will be slow to recover.

Jobless claims increased by 25,000 to 429,000 in the week ended April 23, the most since late January, Labor Department figures showed today in Washington. The government anticipates a drop in unadjusted applications during the Good Friday holiday week, something that didn’t happen this year, a Labor Department spokesman said.

When will President Obama take his focus off of unimportant things,

Like birth certificates and the Oprah Winfrey Show,

And begin to focus on creating good paying American jobs?