More People fired, the rest working themselves to the bone

Check out this analysis. Productivity soars while unemployment claims jump. AP on the numbers:

The Labor Department reported that new applications for unemployment insurance rose to a seasonally adjusted 444,000, up 15,000 from the previous week. Economists had expected claims to drop to 420,000.
The increase indicates that the slowing economy is taking its toll on the job market. Many economists consider claims above 400,000 to be a sign of a weak economy. Initial claims stood at 320,000 in the same week last year.

Similarly from the BLS stats Productivity jumped to 4.3% annually.

This means that more Americans were fired yet the ones remaining worked their asses off, even more than they already are.

Hilarious! Government blames "outreach" on unemployment hitting 5 year high!

Hilarious! Talk about spin city! Now we know that the world has shifted to disposable workers (at least in the United States), contractors, temporary workers who are not eligible for unemployment benefits and a host of other manipulations to keep the unemployment statistics low.

Now check this out! Our government, in response to Weekly applications for jobless benefits soared to 448,000 last week, highest level since 2003 says:

The Labor Department reported Thursday that the number of applications for jobless benefits soared to 448,000, an increase of 44,000 from the previous week. That was far worse than the decline of 8,000 that economists had been expecting.