Weekly Jobless Claims Rise

FOX news reported today that Americans seeking unemployment benefits jumped last week even though long-term projections show overall improvement.

The number of people seeking unemployment benefits rose last week to a seasonally adjusted 377,000, up from a nearly four-year low the previous week. But the longer-term trend is pointing to a healthier job market.

Applications have trended down over the past few months. The four week average has declined to 377,500. When applications fall consistently below 375,000, it tends to signal that hiring is strong enough to lower the unemployment rate.

Some economists say the figures suggest further job gains ahead. (Read the full article on Fox News.)

The Federal Reserve acknowledged that the rates are still too high and mulling what to do moving forward.

The U.S. central bank vowed to keep overnight lending rates near zero until at least late 2014 and Chairman Ben Bernanke said the Fed was still mulling further asset purchases to help foster stronger economic growth. (Read the full article on Fox Business.)

Recently, author of “A Nation of Moochers,” Charles Sykes, sat down with Fox News to talk about the recent surge in American families using food stamps. Check out his interview below:

What better way to prepare for economic hard times than to be self-sufficient and prepared to feed your family.

Continue reading » · Written on: 01-26-12 · No Comments »

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