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Weekly Jobless Claims Decline (Dropped by 27,000 to 365,000 in the week ended April 28)
Wall Street Journal ^ | 05/03/2012 | By JEFFREY SPARSHOTT And ERIC MORATH

Posted on 05/03/2012 6:21:23 AM PDT by SeekAndFind

The number of U.S. workers filing new applications for unemployment benefits fell to its lowest level in a month last week, a hopeful sign for a labor market that has shown signs of weakening.

Initial jobless claims dropped by 27,000 to a seasonally adjusted 365,000 in the week ended April 28, the Labor Department said Thursday. Economists surveyed by Dow Jones Newswires expected 378,000 new claims.

The drop was the biggest since May 2011 and follows three weeks of disappointingly high readings.

The prior week's claims were revised to 392,000—the highest since late November—from the initially reported 388,000.

The four-week moving average of claims, which smooths out week-to-week volatility, increased by 750 to 383,500.

After a strong start to the year, the U.S. economy has been flashing mixed signals. Interpreting the data has been complicated by an unseasonably warm winter.

In March, U.S. employers added 120,000 nonfarm jobs, half of what they added in February. The Labor Department releases April's payroll numbers Friday—analysts forecast the addition of 168,000 jobs and a steady unemployment rate at 8.2%.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News
KEYWORDS: joblessclaims; jobs; recovery; unemployment; unexpected
UNEXPECTED !! <---- There, I said it first :)
1 posted on 05/03/2012 6:21:30 AM PDT by SeekAndFind
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To: SeekAndFind

And by next week, this 365K figure will be quietly revised up to 385K.


2 posted on 05/03/2012 6:24:26 AM PDT by ScottinVA (Buying Drain-O requires photo I.D... so should voting!)
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To: SeekAndFind

The number of U.S. workers filing new applications for unemployment benefits fell to its lowest level in a DAY, hour, second, nano-second..............

Yippee!!


3 posted on 05/03/2012 6:24:43 AM PDT by faucetman ( Just the facts, ma'am, Just the facts)
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To: SeekAndFind

I love how the newsmedia spins this. The numbers were actually worse for the last two weeks, and all of the sudden things are getting better.


4 posted on 05/03/2012 6:25:30 AM PDT by Perdogg
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To: SeekAndFind
Thank Goodness! Finally, we are turning the Recession cor[on]er...


5 posted on 05/03/2012 6:25:30 AM PDT by C210N (Wanted: Tagline)
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To: SeekAndFind

So...we only had 365,000 people file first time UE claims. Question...what was the highest number during Bush’s presidency?


6 posted on 05/03/2012 6:26:15 AM PDT by woweeitsme
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To: SeekAndFind
The Labor Department releases April's payroll numbers Friday—analysts forecast the addition of 168,000 jobs and a steady unemployment rate at 8.2%.

I predict the BLS will say 280K "new jobs", with the unemployment rate dropping to 8%, and the "media" will go into overdrive trumpeting the astounding results of 0bama's economic policies.

Not a shred of truth to those numbers, but truth be damned! There is a re-election to be won!

7 posted on 05/03/2012 6:28:27 AM PDT by ScottinVA (Buying Drain-O requires photo I.D... so should voting!)
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To: ScottinVA

Will the LABOR PARTICIPATION RATE (which has been dropping steadily for months) be prominently reported as well?


8 posted on 05/03/2012 6:30:06 AM PDT by SeekAndFind
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To: SeekAndFind

To be (quietly) revised up to 390,000 next week...


9 posted on 05/03/2012 6:31:02 AM PDT by moovova
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To: SeekAndFind
Will the LABOR PARTICIPATION RATE (which has been dropping steadily for months) be prominently reported as well?

Hush! That's hate talk! ;-)

10 posted on 05/03/2012 6:31:23 AM PDT by ScottinVA (Buying Drain-O requires photo I.D... so should voting!)
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To: SeekAndFind

IMO, that 8.2% will be in the 7.x% by election time, due to zero’s fuzzy math.


11 posted on 05/03/2012 6:35:04 AM PDT by duckman (Go Newt...)
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To: SeekAndFind

“The prior week’s claims were revised to 392,000” !!!!

Forget all the spin this is really bad almost at that 400000 level


12 posted on 05/03/2012 6:41:18 AM PDT by italianquaker ( Mr Obama inherited an AAA rating and made it AA, thnx Resident Zero)
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To: duckman
IMO, that 8.2% will be in the 7.x% by election time, due to zero’s fuzzy math.

I agree. Of course, if a Republican is elected, I would expect the unemployment rate to skyrocket from 7.9% up to 9.1% almost overnight. Improved accounting, and all that, you know.

13 posted on 05/03/2012 6:47:35 AM PDT by ClearCase_guy (Like Emmett Till, Trayvon Martin has become simply a stick with which to beat Whites.)
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To: SeekAndFind
http://data.bls.gov/pdq/SurveyOutputServlet


14 posted on 05/03/2012 6:53:29 AM PDT by libertarian27 (Check my profile page for the FReeper Online Cookbook 2011)
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To: SeekAndFind

calling upon BS to lead us in song ... http://www.youtube.com/watch?v=fA8OmK3qslw


15 posted on 05/03/2012 6:59:43 AM PDT by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
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To: woweeitsme

Not sure about that statistic.

One things for certain, it’s not a statistic the media pounded daily. They were always pounding GDP and they would spin the jobs per month number, say if it was 225,000, as if it were a bad number. Today that’s “recovery”! Two to three percent GDP was constantly spun as a recession; that growth wasn’t ALL gov’t spending, like it is today.

I work in an economically sensitive industry and the economy was doing just fine in those days. (bubble or not). I can tell you today, IMO, the economy is just flat, not growing whatsoever.


16 posted on 05/03/2012 7:10:20 AM PDT by CommieCutter
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To: SeekAndFind

What would be unexpected is if Unemployment fell below 8% overall!
I guess that is setting the bar to high?

Otherwise, Obama’s economic numbers are calculated on a bell curve. plus if you deduct because of affirmative action...
Obama’s revised unemployment numbers are around 5.9%.

Happy Days Are Here Again!
http://www.youtube.com/watch?v=5dd-Un22DzA


17 posted on 05/03/2012 7:22:28 AM PDT by Leep (Enemy of the Statist)
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To: SeekAndFind

Another Day in Paradise ... http://www.youtube.com/watch?v=MFnNMhTZ2AA&feature=related


18 posted on 05/03/2012 7:35:42 AM PDT by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
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To: SeekAndFind

Eric Holder commented on FoxNews this morning that the numbers for 15 straight weeks had been ‘revised upward’ shortly after the release of the initial weekly claims reports.

He speculated that some finagling and manipulating was going on with the numbers.

[Most of us on FR have suspected that since Obama took office. Some of use even long before that.]


19 posted on 05/03/2012 8:03:38 AM PDT by TomGuy
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To: SeekAndFind

From Zero Hedge.

All economic indicators are falling - the Obama Recovery in his fourth year!

4 week moving average of initial jobless claims ROSE. Manufacturing indices DOWN, consumer comfort DOWN, same store retail sales DOWN!

Ah, a Euro Socialist recovery!


20 posted on 05/03/2012 8:17:17 AM PDT by whitedog57
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To: SeekAndFind

Uh....I’m sorry...but....if we’re in a “”recovery””....

then why are companies still laying off...and why are unemployment applications still well over 300,000 every month?

Unexpected my @ss!

And where are the Republicans pointing out this rather obvious point, btw? Not even Missing In Action....more like Missing in Inaction, as usual.


21 posted on 05/03/2012 9:05:10 AM PDT by XenaLee (The only good commie is a dead commie.)
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To: ScottinVA
And by next week, this 365K figure will be quietly revised up to 385K.

Aren't the morons that publish these bogus numbers intelligent enough to wait until they have the actual numbers?

22 posted on 05/04/2012 8:02:21 AM PDT by dearolddad
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