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View Diary: Hurricane Sandy sends first-time unemployment benefit claims soaring to 18-month high (27 comments)

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  •  Those factors will have some small impact... (3+ / 0-)

    ...no doubt, but mostly the numbers will just return to whatever their trajectory would have been had Sandy not struck. We have other economic data that indicate a possible increase of unknown proportions: lower retail sales in October and a slowdown in manufacturing growth in the New York region for the month. I long ago learned not to make predictions about jobs and jobless claims numbers, but it would not surprise me at all to see us back at 360,000-370,000 first-time claims by this time in December.

    Don't tell me what you believe, show me what you do and I will tell you what you believe.

    by Meteor Blades on Thu Nov 15, 2012 at 06:54:34 AM PST

    [ Parent ]

    •  If Congress would cooperate, (1+ / 0-)
      Recommended by:
      Meteor Blades

      the Feds could put money into the region right away to jump start the clean up and recovery process - including low cost loans for small businesses and homeowners who were hit hardest.

      Between Benghazi, the Fiscal Cliff, General dalliances, and the hunt for mysterious black people in Maine, no one is paying very close attention to the unfolding tragedy where Sandy hit.

      I'm not saying that the Obama Administration isn't doing all it can with what they have available as much as I'm saying that the people on the Hill do not seem to be doing a damn thing about the situation.  If Peter King wanted to be really helpful, he'd be holding hearings looking into the massive failures of the electrical companies to not only restore power, but also to adequately maintain their infrastructure over the years.

      Sigh.

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