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U.S. Weekly Jobless Claims Fall To Four-Year Low
RTT News Global Financial Newswire ^ | 03/22/2012

Posted on 03/22/2012 8:31:14 AM PDT by SeekAndFind

(RTTNews) - First-time claims for unemployment benefits showed an unexpected decrease in the week ended March 17th, according to a report released by the Labor Department on Thursday, with claims falling to their lowest level in four years.

The report showed that initial jobless claims fell to 348,000 from the previous week's revised figure of 353,000. The drop surprised economists, who had expected jobless claims to edge up to 352,000 from the 351,000 originally reported for the previous week.

With the unexpected decrease, jobless claims fell to their lowest level since coming in at 347,000 in the week ended March 8, 2008.

Peter Boockvar, managing director at Miller Tabak, said, "Bottom line, the lowest amount of initial claim filers since March 2008 is encouraging, as we've a certain improvement in the labor market."

"Seasonally speaking though, the mild winter impacted seasonal hiring's and firings and thus throughout April and May we'll see how much of the slowdown in job layoffs and improvement in job hiring's was a pull forward," he added.

The Labor Department also said its four-week moving average, which eliminates some of the week-to-week volatility, edged down to 355,000 from the previous week's revised average of 356,250.

Continuing claims, a reading on the number of people receiving ongoing unemployment assistance, also dipped to 3.352 million in the week ended March 10th from the preceding week's revised level of 3.361 million.

With the drop, continuing claims fell for the second consecutive week, falling to their lowest level since August of 2008.

(Excerpt) Read more at rttnews.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events
KEYWORDS: joblessclaims; jobs; unemployment

1 posted on 03/22/2012 8:31:24 AM PDT by SeekAndFind
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To: SeekAndFind

The keep on revising the previous week upward, they should wait two weeks before reporting.


2 posted on 03/22/2012 8:37:56 AM PDT by Perdogg
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To: SeekAndFind
unexpected . . . surprised

I remain surprised at the unexpected frequency of economic reports that use these two words. Are the journalists economic illiterates who are simply clueless so that anything would be unexpected? Are they in the habit of using those words, and didn't notice that this was superficially good news? Is the media dying so rapidly that they can no longer attract and keep competent consultants?

3 posted on 03/22/2012 8:39:38 AM PDT by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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To: SeekAndFind
Does anyone have the totals of how many people have used all their unemployment benefits and simply dropped off the system? Are these NEW applications?

Simply put, how many people in the US don't have a job, and want one? What percentage of the national LEGAL population does that amount to?

Or is that racist?

4 posted on 03/22/2012 8:47:35 AM PDT by jonascord (Ask any Democrat. He's firmly convinced that he's brighter than you.)
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To: SeekAndFind
Well, FIRST time jobless claims have to drop at some point. By now, nearly everyone that can be laid off has been laid off! They will have to start calling that SECOND time jobless claims to be accurate.
5 posted on 03/22/2012 8:49:58 AM PDT by RetiredArmy (God is watching America. He is judging America. He does not like what He is seeing.)
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To: SeekAndFind

Actual jobs are down .

If you remove millions people from being counted in the labor force , that will indeed help lower the fake unemployment rate.

http://www.nationalreview.com/campaign-spot/263656/our-workforce-lost-233-million-people-one-year


6 posted on 03/22/2012 8:50:42 AM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: jonascord
You raise some interesting points/questions.

I'm guessing the confusing phrasing of the headline and story is quite deliberate, in order to give the casual reader the impression that it's "good" news.

7 posted on 03/22/2012 8:51:11 AM PDT by daler
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To: daler

I don’t see much confusion between “initial” or “first-time” claims, and “continuing” claims.


8 posted on 03/22/2012 8:56:02 AM PDT by 1rudeboy
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Comment #9 Removed by Moderator

To: All

Just the latest evidence that the fix is in.

The official unemployment rate will fall below 7% before Election Day.


10 posted on 03/22/2012 9:02:55 AM PDT by newgeezer (It is [the people's] right and duty to be at all times armed. --Thomas Jefferson)
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To: Perdogg
Just to put some perspective on surprised/unexpected krap:


11 posted on 03/22/2012 9:04:49 AM PDT by C210N (Mitt "Severe Etch-a-Sketch" Romney is the front-runner? Seriously??)
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To: jonascord

Looks like about 9,000 from article:

“the number of people receiving ongoing unemployment assistance, also dipped to 3.352 million in the week ended March 10th from the preceding week’s revised level of 3.361 million. “


12 posted on 03/22/2012 9:05:37 AM PDT by Cletus.D.Yokel (Catastrophic Anthropogenic Climate Alterations - The acronym explains the science.)
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To: SeekAndFind
As I've said several times before: by the time Nov 2012 comes around, we should see "Numbers" (generated by the Machine in D.C.) that show 105% employment, and 0% Unemployment Claims.

Of course, in December, the reported numbers will skyrocket if (R)'s take the Senate.

13 posted on 03/22/2012 9:09:45 AM PDT by traditional1 (Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: SeekAndFind; All
"U.S. Weekly Jobless Claims Fall To Four-Year Low"


14 posted on 03/22/2012 9:12:20 AM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: newgeezer
The official unemployment rate will fall below 7% before Election Day.

just as Limbaugh predicted more than a year ago
15 posted on 03/22/2012 9:13:46 AM PDT by Buckeye McFrog
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To: traditional1
Of course, in December, the reported numbers will skyrocket if (R)'s take the Senate.

Minimally.

More likely, millions of homeless will suddenly materialize,

Grandmothers will be shown eating dog food as sole source of nutrition,

EEEVVVIIL corporations flying around in planes lighting cigars with 100 dollar bills (well, except maybe GM)

Worse economy in fifty years will suddenly be discovered,

Cabinet members will be exposed as bribe takers, grifters, outright tax cheats, and the AG will be shown to be a lying scumbag....

There will be movies stars on late night tv shows encouraging the shooting of members of congress, and the burning of their children and wives while in their homes,

Movies will be made of presidential assasination, and ads run on major networks for snipers wanted....

16 posted on 03/22/2012 9:21:59 AM PDT by going hot (Happiness is a momma deuce)
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To: SeekAndFind

All you need to know is at the St. Louis Fed in a graph called Civilian Participation Rate.

http://research.stlouisfed.org/fred2/series/CIVPART/


17 posted on 03/22/2012 9:50:44 AM PDT by FastCoyote (I am intolerant of the intolerable.)
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To: SeekAndFind

Please note that they are no longer saying revised “higher” or revised “lower,” only REVISED! Because they know that that people know for a fact they ALWAYS revise UP!

Do they not realize that the American public is more awake than ever? They can no longer BS and expect people to buy their crap!

I think my favorite part is that EVERYONE is dancing because it is as low as 2008. If I remember right, that was when the economy was TANKING! So, they are not “correcting” the problem, at best, they have stabilized the failure! They are trying to introduce 6-7% unemployment as the new “normal.” Where as, in the past, and as soon as a Republican is back in office, it will be 4.9% or less is “normal.”


18 posted on 03/22/2012 9:54:40 AM PDT by ExTxMarine (PRAYER: It's the only HOPE for real CHANGE in America!)
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To: ExTxMarine

19 posted on 03/22/2012 10:38:13 AM PDT by SeekAndFind (question)
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To: newgeezer

Of course the fix is in, but don’t be surprised to see the unemployment rate at 4 percent before election day. Obama and his cronies are cooking the books


20 posted on 03/22/2012 10:46:15 AM PDT by Sarah Barracuda
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To: SeekAndFind
So there's been a ~ 1.5% improvement in initial jobless claims figures when economists were projecting about a ¼ % worsening? And we're supposed to get all excited over this (particularly given the mild winter)?!

As Derrick Coleman of the NJ Nets once famously said, "whoop-de-d@mn-do"!

21 posted on 03/22/2012 11:52:15 AM PDT by mellow velo
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To: RetiredArmy

Don’t count on everybody that can be laid off already having been laid off. It was my turn this month after surviving this nightmare for 3.5 years. I had some interest from other companies as well, which suddenly dried UP as they discovered their earnings estimates were not as good as they had hoped they would be,


22 posted on 03/22/2012 1:34:19 PM PDT by ichabod1
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To: ichabod1

“Don’t count on everybody that can be laid off already having been laid off.”

I’m sorry to hear that it was your turn this month; it is frightening what is happening across the country. Companies are adjusting their salaries down to the “new normal”, and from I’ve seen of people around me employees with similar experience/skills are simply being swapped between companies for lower pay. Anyone I know who lost a job that was fortunate enough to find similar work is earning less by doing it, and in some cases they are hired as temps while being worked as regular full-time employees. Best of luck in your job search.


23 posted on 03/22/2012 2:47:23 PM PDT by kearnyirish2
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Comment #24 Removed by Moderator

To: kearnyirish2

I hope your right, but there is something that I am very concerned about, more people now want the entitlement society, of “Gimme gimme gimme” they want everything they can get for free without working for it..those are Obama’s people, those are the ones that will show up and vote for him because they want “obama money” and whatever they can get their hands on for free..those are the ones that give me the most worry


25 posted on 03/22/2012 2:53:54 PM PDT by Sarah Barracuda
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To: Sarah Barracuda

I understand that the grasshoppers will always want the ants’ food, but now the ants have little left and what the grasshoppers are still skimming isn’t filling them (inflated dollars). Without massive increases in entitlement payments, those people can’t gas their cars or take as much home from the supermarket.

People on fixed incomes (social security, pension, welfare payments, etc.) are the hardest hit because the inflation is being deliberately understated to keep those costs down; “Obama’s people”, like many of us, are worse off than 3 years ago. The ones I know are a demoralized lot, publicly praising him while privately wondering what the heck is wrong.


26 posted on 03/22/2012 3:00:14 PM PDT by kearnyirish2
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To: kearnyirish2
Just wait until after the Election/ The Unemployment rate will go through the roof. Just as soon as the dust settles in 2013 the power that be will be cutting Unemployment Recipients by the Millions.
27 posted on 03/22/2012 3:18:57 PM PDT by BooBoo1000 (I don't know what the future holds, but I know who holds my future.,)
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To: BooBoo1000

“Just as soon as the dust settles in 2013 the power that be will be cutting Unemployment Recipients by the Millions.”

I don’t know; many people have already run out (hence the rise in food stamps), but our government knows that they can’t have too many people with nothing to lose. Desperate people do desperate things (Obama was elected because his opponent was portrayed as four more years of Bush, under whose watch the real meltdown started), and an increasing number of people without work who have lost their homes truly have nothing left to lose.


28 posted on 03/22/2012 7:44:31 PM PDT by kearnyirish2
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