Since it is Thursday, it is time once again to hear the weekly numbers for initial unemployment claims. Today they were not that good. The number came in at 417,000 although this included about 8000 people who were on strike at Verizon. Let me be clear: the number is not that bad, but we were all hoping for something that indicated a hint of growth in the economy. Today's number just shows stagnation or very slow growth of the sort that will never conquer unemployment. So, two weeks after the number finally fell below 400,000 for the first time in over three months, we are back to the usual situation. Something intelligent really must be done. I just hope that when Obama announces his "jobs plan", he does not make things worse. I also hope that he puts forth a real plan, not just another speech with all the old garbage that he keeps recycling.
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