Maybe, just maybe slightly. But it will not last. Here’s why:
In the week ending April 23, the advance figure for seasonally adjusted initial claims was 429,000, an increase of 25,000 from the previous week’s revised figure of 404,000. The 4-week moving average was 408,500, an increase of 9,250 from the previous week’s revised average of 399,250.
And here’s how the MSM is headlining it, via Reuters: Jobless claims jump in latest week.
And this too, via CNN on the overall economy, GDP: Economic recovery stumbles:
Economic growth slowed to a crawl in the first three months of the year as a spike in gasoline, higher overall inflation and continued weakness in the housing market all took a toll on the recovery.
Gross domestic product, the broadest measure of the nation’s economic health, rose at an annual rate of 1.8%, the Commerce Department reported Thursday. That’s a significant slowdown from the 3.1% growth rate in the final quarter of 2010.
Obama no longer has that “silly” distraction to wave around anymore.
So I’m predicting little if any spike for Obama from finally releasing a document all of us have had to release at some point in our lives.
What do you think? (Poll closes at 5 p.m. Eastern today)
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