Posted on 12/01/2011 6:55:22 AM PST by John W
WASHINGTON (MarketWatch) — The number of Americans who applied for jobless benefits last week rose above 400,000 again, an indication that the pace of hiring in the U.S. likely remains modest at best.
Initial claims for unemployment compensation climbed by 6,000 to a seasonally adjusted 402,000, the Labor Department said Thursday. It was the highest level in a month.
Applications from two weeks ago were revised up to 396,000 from an original reading of 393,000. Economists surveyed by MarketWatch had expected new requests for jobless benefits to total 393,000 in the week ended Nov. 26, which included the Thanksgiving holiday.
(Excerpt) Read more at marketwatch.com ...
And last weeks numbers unexpectedly revised up ... Again.
That's the headline......7.01M collecting (+ others who aren't collecting)
It's amazing....7 Million is a higher number - you'd think editors would use that in their headlines...what's the saying? 'If it bleeds - it leads'..../sigh
More hopey changey! MMM, MMM, MMM!
Note too that this increase occurred in a week shortened by a holiday. Usually the count goes down when that's the case and everyone gets all tingly over a "decrease" in claims. So what does it mean when claims go up in a holiday week? Pretty grim news, I reckon.
So we’re still in a recession — no amount of government spending can change that fact!
Over the years the nanny state seems to have created a permanet unemployable class. The schools are more interested in building self-esteem than in students gaining the knowledge they will need to be successful. We send young adults to college who major in subjects barely worthy of hobby time study. When people get laid off, they tend to collect unemployment benefits for the maximum time (while doing unskilled labor for cash).
Now that it is an employer’s market, many businesses appear to be laying off the nanny-state products, restructuring their work force, and hiring the truly educated.
The ranks of the underemployed and those not actively looking for employment, that is, those who are not counted as being unemployed, continue to grow.
Democrats = incompetence.....Democrats = incompetence.....Democrats = incompetence
Went back and reread it to see if this fact received any mention and, of course, it did not.
And next month’s number will be up, b/c, .... it’s Christmas and all those temp Holiday Season jobs.
what happens when we get Christmas layoffs?
I find this odd around Christmas time with the seasonal jobs being offered.
Seems like the so-called experts did as well per the article.
Then the “experts” are “surprised” again. The people in charge want to keep everyone off balance.
“We have always been at war with Eastasia”
Its odd, yes, but more importantly, its lousy news. Look out after the holidays...
400K 2+ years after the recessions ended.../s
To a large degree we have a controlled media.
In 2010 Biden predicted we would have 500,000 new jobs every month by now.
Nobody in the media talks about that prediction. Collective amnesia.
I’ll become part of that figure in January, since I’m being laid off at the end of December. This is a direct result of Obama’s dislike for the military in general and the missile defense program in particular. My whole branch (46 contractors) at the Missile Defense Agency has been cut, along with 800 other people throughout the agency. Though our employers have managed to find jobs for most of the engineers and analysts, there’s nothing for a tech editor who’s been around forever and makes a high salary. And word is that 2012 will be as bad or worse for layoffs, so I’m happy to take my severance pay and file for unemployment. I can’t wait to vote that Kenyan SOB out of office.
I thought so, too. Or has the hiring already been done for seasonal jobs? Maybe that was what caused the upward tick, and now that it's done... it's on the way down again.
What will be the real indicator: what happens next January.
These are even the correct numbers. These are estimates, that will be adjusted a few weeks from now. Somehoew they never publish the “adjusted” figures, which are higher.
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