Some of the new claims, especially in New Jersey, were due to Hurricane Sandy--but these were offset by a decline in claims filed in New York. The highest numbers of new filings came from Pennsylvania and Ohio, where there were thousands of layoffs in the construction, manufacturing, and automobile industries.
Both states had been targeted by the presidential campaigns. President Obama highlighted his record of job creation in Ohio in particular, focusing on the automobile industry. The state reported 6,450 new jobless claims in the week after the election--second-highest after Pennsylvania, which recorded 7,766 new claims.
The American people will never knowingly adopt socialism.But under the name of 'liberalism',they will adopt every fragment of the socialist program,until one day America will be a socialist nation,without knowing how it happened - Norman Thomas,6-time presidential candidate for the Socialist Party of America
The federal government has taken too much tax money from the people,too much authority from the States,and too much liberty with the Constitution - R. Reagan
so, you people really feel as though you are at war with over half the nation?
No, I was using something called a metaphor...look it up...but since you brought it up, hey, it was Obama who started it by calling us "enemies"[wsj.com]...a first for a president of the United States calling half the country who doesn't support his socialist agenda an "enemy"...you didn't complain then about war with half the nation, did you?
WASHINGTON – Superstorm Sandy drove a surge in new claims for U.S. jobless benefits last week and weighed on factory activity in November, providing early signs of how heavily the storm could hit the U.S. economy in the fourth quarter.
Initial claims for state unemployment benefits rose 78,000 to a seasonally adjusted 439,000, the highest level since April 2011, the Labor Department said on Thursday.
It was the biggest one-week jump since the spike caused by Hurricane Katrina in September 2005.
Severe storms and other natural disasters usually have only temporary impacts on the economies of rich nations like the United States. Many analysts think Sandy's effects on jobless claims could fade within a few weeks. Thursday's data nonetheless reinforced the view that U.S. economic growth took a hit from the storm, if only in the short term.
Sandy accounts for some of it but you don't get to a ~78,000 bump counting the states hit by the storm. In fact, as noted in the DOL's news release, NY's count was reduced because they weren't able to accept claims. And some states in affected areas like PA, NC, etc., note factors other than the storm.
In any case, week-to-week data is kinda meaningless. And it works both ways. Over time, Sandy probably will end up being a net benefit to construction and some other employment numbers in hard hit states given all of the rebuilding required.
STATES WITH A DECREASE OF MORE THAN 1,000
State Supplied Comment
Fewer layoffs in all sectors, with the largest in service industry.
Fewer layoffs in the retail, healthcare and social assistance, and food service industries. Power outages caused by Hurricane Sandy contributed to the decrease in initial claims as state systems were unable to take claims from claimants.
STATES WITH AN INCREASE OF MORE THAN 1,000
State Supplied Comment
Layoffs in the construction, transportation, manufacturing, and the food and beverage manufacturing industries.
Layoffs in the automobile and manufacturing industries.
Increase in initial claims due to Hurricane Sandy. These separations were primarily in the construction, accommodation and food service, transportation and warehousing, and manufacturing industries.
Increase in initial claims are due to Hurricane Sandy.
Layoffs in the metal, textile, business services, furniture and fixtures, machinery, and food service industries.
Increase in initial claims due to backlog created by state holiday in prior week.
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