For five weeks now the BP pipe has gushed oil into the Gulf of Mexico and the US stock market has bounced around like a ping pong ball. The Bureau of Labor Statistics reported today that the number of people submitting first-time claims for unemployment benefits fell 14,000 to a seasonally adjusted 460,000 however, those that track these numbers suggest that anther 60,000 is required to show a strong employment trend.
Both the oil spill and the unemployment numbers are disappointing news headlines. I expect the unemployment trends to get better faster than the situation in the Gulf. Reckless off shore drilling monitored by a broken and compromised federal government have resulted in an accident that will damage way too much of our planet, our economy, and our human spirit. I expect unemployment numbers to improve in the next three months, lets hope the situation in the Gulf does as well.