The new piece can be found here
and starts off this way:
Many see last week’s reported spike in unemployment insurance claims as a signal of the economy’s weakness. There will be more questions this Friday when September’s unemployment numbers are released. In fact, it is a sign of Washington at work.
The number of new unemployment claims soared last week to 493,000. Fox Business’s Donna Fuscaldo spun the news as “underscoring the dour state of the U.S. economy.”
After starting to rise in early January, initial jobless claims peaked this last March. New jobless claims either fell or leveled off after that – that is until July, when they started to rise and kept on rising ever since. After leveling off in June, the unemployment rate also shot up in July and August.
So what happened? What changed in July? . . .
Labels: Economics, Economy, op-ed