BANZAI7 NEWS--The number of Americans filing for initial unemployment insurance surged to just below the 500,000 level last week, and have climbed more than 12% over the past two weeks, the government said Thursday.
"This is certainly not surprising given the very adverse weather conditions for the eastern half of the country, especially in the major population areas," said Robert Dye, a senior economist at PNC Financial Services. "Weather has a huge impact, particularly with things like construction, which remains very soft."
WB7: That's the ticket, blame the weather!
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Blaming the banks hoarding money wouldn't be calling a spade a spade, would it?
ReplyDeleteToo much financial kool aid.
ReplyDelete