Posted on 06/17/2010 8:57:49 AM PDT by traumer
The U.S. Labor Department reported today that initial weekly jobless claims for the week ending June 12 rose by 12,000 to 472,000, the highest level in a month. Economists had expected that number to decrease.
The four-week moving average — a less volatile measure — was 463,500, a decrease of 500 from the previous week's revised average of 464,000, but still nowhere near the 400,000 level that would signal a boost in job creation.
0 0 0Share The total number of people collecting unemployment benefits of any kind fell by 350,000 to 9.47 million in the week ending May 29 from 9.82 million. The number of people collecting federal benefits fell by 170,000 to 5.28 million. The reduction is likely due to expiring federal unemployment benefits, reports MarketWatch.
The Wall Street Journal reports that a Labor Department economist said initial claims tend to increase in the week after a major holiday, but the increase was more than he expected.
Analysts say the report shows that companies are still not confident enough in the economic recovery to begin hiring and indicates that unemployment will remain "uncomfortably high for sometime."
“unexpectedly”. What a surprise.
Is the census over or something? Mr. Skittles will not be happy about this. Maybe they should have a party or somehting?
"You keep using that word, I do not think it means what you think it means."
You would think they would quit expecting that, they haven't been right in the last three months. You would think that might tip them off to revise their expectations and stop carrying water for Obama.
I also noted the old canard that the increase was due to a holiday weekend. I guess they can blame snow storms anymore...
“You keep using that word, I do not think it means what you think it means.”
Now that’s funny!!!
Simple Statistics. The numbers are never going to be exact week to week, slight variations are normal.
But despite the slight variations, It's clear to anyone with brain that we are still losing jobs. Nothing has changed.
To the Obama kneepad press however, between 420,000 - 450,000 losing their job is proof the recovery is going great and job growth is just around the corner
but when the number it's 450,000 - 480,000 well then, that's unexpected.
Analysts say the report shows that companies are still not confident enough in the economic recovery to begin hiring
But I thought this was supposed to be a “jobless recovery”.
As expected, they were unexpected....
.
>> But I thought this was supposed to be a “jobless recovery”.
If it IS a recovery at all, it’s guaranteed to be “jobless”.
It’s only partially due to employers nervous about taking on head count for economic reasons.
Between unions, “queer rights”, health issues, administration support for trial lawyers, “diversity”, etc. etc., hiring employees is just too difficult and too uncertain.
So, as things recover (if they do), businesses will take up the slack by outsourcing and subcontracting, not by hiring.
There won’t be a lot of jobs... but there is a lot of work out there, and there will be more.
Drink!
unexpected!
DRINK!
:)
HIC!
At this frequency - I’m worried about your liver !
Well that’s just it, right? What kind of rational person would hire “employees”? Why would someone do that to themselves? It is the equivalent of recreational self-dentistry, like just for the heck of it I’ll give myself a root canal.
>> It is the equivalent of recreational self-dentistry
ROFL! I’m going to write that one down.
...but...but...obama and biden started their "recovery summer" campaign today saying they are going to create MILLIONS of jobs (not SAVE, create)...
The great one couldn't be...wrong...could he?
They could at least look in the thesaurus and find an appropriate synonym.
Can I have my green shoots please?
Ah...the expected “unexpectedly”. Did you expect it or was it unexpected? You had to expect this question...didn’t you?
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