Posted on 07/18/2013 7:18:39 AM PDT by whitedog57
The Department of Labor reported today that: In the week ending July 13, the advance figure for seasonally adjusted initial claims was 334,000, a decrease of 24,000 from the previous week’s revised figure of 358,000.
That figure was on a seasonally adjusted basis. If we look at the non seasonally (NSA) adjusted data, initial jobless claims (purple) rose 25,350 from 383,360 to 408,710.
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Continuing claims rose 333,800.
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Consumer confidence? It fell from -27.3 to -28.4. Notice that it has not been above 0 since the recession of 2001.
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Summertime blues indeed.
I’m waiting for the MSM to explain to me how this is actually good news, and better than expected.
Bring back US manufacturing.
Just saying.
Wake up people.
Recovery Summer V5.0!
Bring back software company startups!
I have two friends currently out of work and on unemployment.
4 years ago, I knew no one on unemployment.
With 0bamacare about to kick in full bore, I don't see it happening.
Until this government gets serious about rebuilding this economy we won't see any heavy manufacturing here.
HINT: Importing a large number of undocumented, unskilled illiterate sheeple ISN'T the answer.
That’s how success is measured in Obamamerika!
Woo-hoo! :D
That certainly works for me.
It’s good news because the FED will continue its “accommodative” money policy.
Hell—The DOW is up over 100 points this morning.
The DOW is up over 100 points this morning
*******
The market is disconnected from reality. Fundamentals no longer matter. Bernanke has put the market on the financial equivalent of heroin.
Amen!
Even when higher demand leads to higher demand for labor and higher average money wage rates, increased demand also leads to higher prices, which leads to unchanged real wage rates for the average wage earner.And higher average money wage rates can be counterproductive, because if they rise greater than the rise in the demand for labor,they actually tend to decrease the supply of labor.
Increased money supply leads to inflation, which decreases purchasing power, which has a negative effect on capital accumulation, which has a negative effect on productivity of labor, which has a direct negative effect on real wage rates.
Finally, Obamacare and increased regulations increase the cost of business which leaves less funds available for demand for labor which has a negative effect on demand for labor and average money wage rates.
But libtards don't care that everything they are doing is wrong, because what they are doing makes them feel so good inside.
With those damn fools in Washington, both parties no way in hell I bring any company of mine back to the states. Damn both parties to hell, they killed the golden goose and destroyed the capitalist country that was the envy of the world.
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