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Friday, February 28, 2014
Psst! Job Losses Are On The Rise Again!
Ever since the employment situation hit rock bottom in 2010, the number of weekly jobless claims has steadily fallen. That is until August of 2013. At that juncture, the decline of job losses just bottomed out. Now, it appears that joblessness is again on the rise:
Obviously, the trend is negative. I could speculate and say its because of ObamaCare. Or, it could be a signal that the economy is slowing again and that we might be headed for another recession. Whatever the reason, the trend is months long and moving decidedly upwards. That's too long for it to be brushed off as some kind of statistical fluke.