US jobless claims rise for second week

jobless, unemployment jobNew US claims for unemployment benefits climbed for a second straight week but remained below the level of 500,000, government data showed Thursday.

New claims in the week ending December 12 rose to 480,000 from the prior week’s revised 473,000, the Labor Department said.

Most private economists had expected a drop in seasonally adjusted new claims to 465,000.

Still, the report highlighted stablization in the ailing jobs market.

The four-week moving average, a less volatile indicator than the week-to-week figures, fell to 467,500 from the previous week’s revised 472,750.

Full Story US jobless claims rise for second week – Yahoo! News.

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    If we don't change our ways soon...

    A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."
    This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.
    And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.
    -Thom
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