WASHINGTON -- New claims for unemployment benefits rose sharply last week to 386,000, the biggest jump in more than a year as the labor market continued to show signs of struggling amid the weakening recovery.Stuck in low gear alright.
The increase of 34,000 in initial jobless claims came a week after a dramatic drop to 350,000, the lowest level in more than four years. But that figure now looks like an outlier amid an avalanche of other data that show the economic recovery is stuck in low gear.
Frankly, the administration has blown the entire transmission. See Yid With Lid, "MUST WATCH Romney Video Just Released,Gives Face to Small Businesses Hurt By Obama":
President Obama, you’re killing us out here.
Word.
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