Unemployment Highest Since 11/01, Home Sales Down

Ah, with the bubble bursting our crappy economy is now becoming exposed. New Unemployment claims jumps to 493,000.

AP:

The four-week [unemployment claims] moving average, which smooths out fluctuations, rose to 462,500. That's the highest it has been since Nov. 3, 2001.

The level of new claims was the highest since shortly after the 9/11 attacks, when it reached 517,000

and...new home sales dropped 11.5% in August, 2008.

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Still doesn't include

"Disabled and discouraged workers".

Of course, if we added THOSE into the labor pool, they fear, we'd have a real panic on our hands.

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Maximum jobs, not maximum profits.