On Wednesday (February 16), I wrote a post with the (admittedly rhetorical) title "Is Cutting Jobs Programs to Create Jobs Like Cutting Taxes to Increase Revenues?"
Today, I'd like to offer up a few more examples of how the new governors' of Florida, Ohio, and Wisconsin are treating workers within their states as they "create" jobs.
To begin with, we have yesterday's report of Initial Unemployment Claims for last week. After falling to a 2 1/2 year low the week before, yesterday's report showed an increase once again in the initial claims:
There were 410,000 initial jobless claims filed in the week ended Feb. 12, according to the Labor Department. That was up 25,000 from the week before, and slightly more than the 408,000 claims economists surveyed by Briefing.com had expected.Of course, the economists interviewed looked on the sunny side of life because the trend "is still pointing downward." I'm sure that is bringing a warm feeling to the nearly 15 million unemployed and the 25 to 30 million un and underemployed. Why at the rate things are trending downwards, we might once again reach full employment in, oh, maybe in the year 2525?
Continuing claims -- which include people filing for the second week of benefits or more -- rose by 1,000 to 3,911,000 in the week ended Feb. 5, the most recent week available.
