Just another reason why you should not watch the Communist News Network...Job Outlook Brightens?
"Oct. 22 (Bloomberg) -- More Americans than forecast filed claims for unemployment benefits last week, a reminder that the labor market will be slow to recover.
Initial jobless applications rose by 11,000 to 531,000 in the week ended Oct. 17,"
AND
"Foreclosure rates will climb through late 2010, peaking only after the unemployment rate reaches 10.2 percent in the second quarter, Jay Brinkmann, chief economist at the Mortgage Bankers Association, said this month.
Unemployment, which is projected to exceed 10 percent by early 2010, according to the median estimate in a Bloomberg survey earlier this month, will also limit demand. Economists and industry groups are among those projecting home sales will also cool in the absence of the $8,000 credit for first-time buyers, due to expire Nov. 30. Lawmakers are debating extending the credit.
AND
" WASHINGTON US consumer confidence fell sharply in October amid growing worries about rising unemployment and job security in the recession-wracked economy, the Conference Board reported Tuesday.
The private research firm's consumer confidence index declined for the second month in a row, to 47.7 in October from a revised 53.4 in September. The September reading initially was reported at 53.1.
The October index drop was much steeper than expected by Wall Street, with most analysts expecting a 53.5 reading."
Instead of carrying the water for the Whitehouse and the Dems it would be good if it reported the truth every now and then
