08.19.2010 0

Recovery Summer Exposed: New Weekly Jobless Claims Hit 500,000

In the latest episode of “Recovery Summer”, weekly jobless claims have hit 500,000 according to the Department of Labor’s Employment Training Administration. This is an increase of 12,000 new jobless claims from the previous week.

The Obama administration touted that the “Recovery Summer” would be the biggest season of “recovery” seen yet. With the summer season drawing to a close, the “Recovery Summer” has been anything but.

If we examine the number of jobless claims historically, we see the following summer trend:

Clearly, the “Recovery Summer” has been a failure on all levels.

Read more on the “Recovery Summer”

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