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Layoff Update: Over 75,000 Lose Their Jobs Since Obama’s Election Day Victory

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Categorize this under “elections have consequences.”  There is news on the layoff front. In the few days since President Obama won his surprising, fraud filled victory, over 75,000 people lost their jobs.  Breitbart has more…

The Department of Labor has announced that new jobless claims rose by a staggering 78,000 in the first week after the election, reaching a seasonally-adjusted total of 439,000. Over the past year, and in the weeks leading up to the election, jobless claims were said to be declining, dipping as low as 339,000, with the media proclaiming that they had reached the “lowest level in more than four years.” Now, suddenly, the news seems far less rosy.

From the Department of Labor press release this morning:

In the week ending November 10, the advance figure for seasonally adjusted initial claims was 439,000, an increase of 78,000 from the previous week’s revised figure of 361,000. The 4-week moving average was 383,750, an increase of 11,750 from the previous week’s revised average of 372,000.

Some of the new claims, especially in New Jersey, were due to Hurricane Sandy–but these were offset by a decline in claims filed in New York. The highest numbers of new filings came from Pennsylvania and Ohio, where there were thousands of layoffs in the construction, manufacturing, and automobile industries. 

This was predictable.  Bloggers and other Conservative sources were predicting this for some time prior to the election.  We knew that businesses were holding on to see if Romney would win.  They knew that if Romney won, the ObamaCare would be repealed.  They knew that their taxes wouldn’t be going up, and they knew that a wave of new regulations would be cancelled.  However, since Obama did win, they have to slash hours, jobs, or close altogether. America was warned.  The information was out there.  Even though the media didn;t discuss this before hand, and aren’t talking about it now, people can find it easily.

Elections have consequences.  And on November 6, 2012, people chose to vote themselves out of a job.  There are more coming, sadly, and I’ll continue to discuss it.  Since it doesn’t make Obama look good, You’ll have to read about it here, because the media won’t be covering it soon.

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  • http://www.ldjackson.net LD Jackson

    This is frustrating, indeed. So many people tried to warn America what was in the works if Obama won, but we were ignored and shouted down. The chickens are now coming home to roost.

  • http://americaswatchtower.com Steve Dennis

    This is just the beginning. As sad as it is, this is as good as it gets, it is all downhill from here.

  • http://www.manhattaninfidel.com Infidel de Manahatta

    Don’t worry. The unemployed can warm themselves in the glow of the media’s coverage of THE OBAMA.

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