Total Jobless Claims Drop To Near 6.8M

First Drop Since January, Sharpest In Seven Years; New Claims Rise Slightly To 608,000

(AP)  The total number of people on the unemployment insurance rolls has dropped for the first time since early January, while first-time claims for benefits rose slightly.

The Labor Department says the total unemployment insurance rolls fell by 148,000 to 6.76 million, the largest drop in more than seven years and a sign that layoffs are easing.

The drop also breaks a string of 21 straight increases, the last 19 of which were record-highs. A dip in continuing claims several weeks ago was later revised higher.

[whitemale08]

Obama is Woodrow Wilson.

When Woodrow Wilson was faced with a 'financial crisis' on Wall Street, not necessarily on Main St., he stupidly listened to the banksters and signed the un-Constitutional Federal Reserve Act of 1913.

Woodrow Wilson believed like Obama believes, that he was helping his country but later he regretted what he done, he said tragicly: "...I have unwittingly sold out our great nation'.

Folks, the bailouts to Goldman Sucks and JP Morgan is to keep these same oligarchial families in power over the printing presses at the Federal Reserve, it's to keep the Rockefellers and the Rothschilds in Europe from going bankrupt.

That's what these insane bailouts are about, they found a frontman named Barrack Obama to guarantee their survival, and in exchange gave him the presidency.

Obama's presidency is a failure and just another transaction for Wall Street and the City of London.

[hungry1968-15]

by GeorgeWHoover June 18, 2009 10:28 AM PDT
Thanks again for totally killing our economy Mr. Bush....I don't know how you sleep at night.






Him and his fellow criminals have LOTS of money, and they sleep very well at night.

They didn't care about the American citizens, (and especially the soldiers and sailors), WHILE he was president and I'm sure he cares even less about us now.

[dahizzle]

>>>Obama killed 2 million jobs but now he's "created" 150,000. So..umm... really he;s killed 1,850,jobs<<<

Is the little yellow bus there to pick you up yet?

[tautomer]

Thinking people don't travel by "little yellow bus". We travel in luxury automobiles that were not produced by "Obama Motors". I appreciate that you assume the "short bus" is the default means of transportation after having used them all your life. Here's a tip June, having been in "Special Ed" for two decades doesn't mean your "special". It's just a "feel good term".

[dahizzle]

After the last 8 years of being ripped off as a taxpayer, we finally have a president who wants to put money into our infrastructure instead of another nation/buddies pockets/his own pockets. Anyone who believes Bush did anything less than a horrific job during his 2 terms is a f*cking idiot.

[TucsonWilly]

Best if you read up on your history. Bush, et al at least tried to regulate the housing market to stop what happened. I think somebody in congress stopped most of that. Does Barney Frank ring a bell? Was Bush perfect? No, but what is going on is nothing more than a surgar high that is going to have a generational repercussion. BTW - how many years have the Democrates been in control? Another point - who approves the budget?

I am glad you are open minded about those you do not agree. Very classy.

[TucsonWilly]

Let me see -

More people are being dropped from the UI roles than new jobs being added because they no longer can get benefits - that's improvement?

Those who have shovel ready jobs will be working for how long? This is not job creation that will last more than a few months in most cases.

Adding all those government jobs will create a new math - Taxes will be raised for all of those making over $50,000. That pesky little 2 didn't mean that much you know.

I know I'm going to invest in US comapnies because if the Dems need the money they will just go in a take it regardless of the law.

Enjoy your blinders Obama fans. The whole group in DC needs to be voted out and your great leader will be lucky if he gets the Democratic nomination in 4 years.

[tautomer]

Obama killed 2 million jobs but now he's "created" 150,000. So..umm... really he;s killed 1,850,jobs....great! Yeah Obama. What happened to the 2.5 million jobs he was gonna create with his $700 Billion throwaway?

[whitemale08]

more people quit looking for a decent job and start making sandwiches for Subway and sell tires for Sears.

...and Wall Street/City of London thinks that's a good thing or 'green shoots'.

I tried to warn you folks that the massive bailouts to Goldman Sucks and JP Morgan would crowd out investment into real jobs to rebuild America and its economy.

[denn034]

One wonders how many of that 6.4% are on the employment blacklist, a blacklist that argues for not voting for wealthy candidates!!!!!

[geminispyder-2009]

"Total Jobless Claims Drop To Near 6.8M"

Of course, if you or someone you care for are one of the jobless... the numbers mean nothing.

[antoniof123]

Actually they do it means we have reached the bottom as long as oil doesn't destroy us. I mean no increase in demand in fact a decrease in demand and yet the prices are going up.

[koko98-2009]

The Republicans were pretty quick to label this the Obama recession, now will they be just as fast to tag this news as the beginning of the Obama recovery?

[tautomer]

When the equity markets, home values, unemployment, dollar exchange rates, GDP and the Federal Debt recover to where they were when Obama and the Dems took over our Government in early 2007 we'll call it the Obama recovery. Until then it's just the "Obamacrat Morass". Bigger wars, bigger deficits, fewer jobs and more concentrated executive power. That's the Obama way!!! LOL