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Jobless Claims Post Biggest Fall Since April
Yahoo Finance ^ | 7/5/12 | Reuters

Posted on 07/05/2012 6:25:10 AM PDT by facedown

WASHINGTON (Reuters) - U.S. private employers stepped up hiring in June and the number of Americans filing new claims for jobless benefits last week fell by the most in two months, hopeful signs for the struggling labor market.

Employers outside government added 176,000 new workers to their payrolls last month, the ADP National Employment Report showed on Thursday, after increasing 136,000 in May.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Extended News; Front Page News; News/Current Events
KEYWORDS: economy; unemployment
WooHoo!!! The biggest drop in 2 whole months! Good times are just around the corner.
1 posted on 07/05/2012 6:25:15 AM PDT by facedown
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To: facedown

This is the worst economy since Bush!..........


2 posted on 07/05/2012 6:26:54 AM PDT by Red Badger (Think logically. Act normally.................)
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To: facedown
Toward the end of the article reality sneaks in: Economists expect that as more people fall off the unemployment benefit rolls, the jobless rate will decline as people are forced to take up jobs they would not normally have considered or drop out of the labor force.
3 posted on 07/05/2012 6:27:04 AM PDT by facedown (Armed in the Heartland)
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To: facedown

The other question is how many no longer “need” the labor force. The more that don’t “need” it (the unemployment denominator), the clear sign BIG improvements are on the way. Maybe many more can not “need” unemployment by November so Hussein can move us further Forward. After all, who needs it when there is SNAP, EBT, ABC, XYZ, M-O-U-S-E...


4 posted on 07/05/2012 6:29:29 AM PDT by C210N ("ask not what the candidate can do for you, ask what you can do for the candidate" (Breitbart, 2012))
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To: facedown
Tell me lies
Tell me sweet little lies
(Tell me lies, tell me, tell me lies)
Oh, no, no you can't disguise
(You can't disguise, no you can't disguise)
Tell me lies
Tell me sweet little lies
(Tell me, tell me lies)

5 posted on 07/05/2012 6:29:40 AM PDT by dartuser ("If you are ... what you were ... then you're not.")
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To: facedown

“hopeful signs for the struggling labor market.”

More of Obama’s “Hope”....then the reality bomb goes off.


6 posted on 07/05/2012 6:30:59 AM PDT by Psycho_Bunny (Future generations will curse what we've done to them.)
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To: facedown

That number will be revised next week, no doubt. The Obamedia will announce that U.S. has full employment in October The story right under that will report that half the population is on food stamps, thus proving the efficiency of Obama’s administration.


7 posted on 07/05/2012 6:31:29 AM PDT by txrefugee
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To: facedown
First, as I've said long ago, as November approaches, it wouldn't surprise me AT ALL, if the "claimed" Un-employment becomes near 0%, and Jobless "Claims" fall to zero, also.

These State-Run-Media and Reporting number-producers/poll producers will put whatever is necessary out in public, to buy the voters' hopes/claims/etc.

Common sense and self-reliance are absent in 50% of Americans today, and that's all it takes to keep Progressives employed on the OTHER 50% of Americans' incomes.....

8 posted on 07/05/2012 6:31:37 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: facedown

Employment is a LAGGING economic indicator. We are already in a recession.


9 posted on 07/05/2012 6:32:51 AM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: facedown
That's what I was thinking. The MSM, in order to use the sensational phrase "...biggest drop in..." for their golden boy hussein, are forced to look at a ridiculously short window. 2 months? Why not 1 month? Then you can simply say this month's gain/loss is the biggest gain/loss since last month! Wow, we're in it now!!! The cool thing is, by reducing their window just one month, they'd get to use that headline every single month! ;-/

Two months, sheesh, have they no shame. Who actually signed up to publish that excrement?

10 posted on 07/05/2012 6:34:17 AM PDT by ThunderSleeps (Stop obama now! Stop the hussein - insane agenda!)
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To: facedown

I guess we’ll be seeing a special speech from Dictator Obama because of this “MAJOR positive development” on our economy.


11 posted on 07/05/2012 6:34:33 AM PDT by tsowellfan (http://www.cafenetamerica.com/)
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To: facedown

Break out the champagne and caviar!


12 posted on 07/05/2012 6:35:17 AM PDT by Leep (Enemy of the StatistI)
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To: txrefugee
"...the ADP National Employment Report showed on Thursday...."

Maybe NOT BLS #'s

13 posted on 07/05/2012 6:35:17 AM PDT by Paladin2
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To: facedown

So the media was telling us for 2-3 weeks that the economy will not get better no matter who is elected (to cover for Obama). And now a glimmer of hope, and here comes the propaganda. The media is absolutely corrupt.


14 posted on 07/05/2012 6:35:51 AM PDT by nhwingut (Sarah Palin 12... No One Else)
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To: txrefugee
That number will be revised next week, no doubt

Yup, sometime around 1am on a saturday morning.

15 posted on 07/05/2012 6:36:14 AM PDT by tsowellfan (http://www.cafenetamerica.com/)
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To: txrefugee

“”The government will release its closely watched employment report for June on Friday.


16 posted on 07/05/2012 6:36:57 AM PDT by Paladin2
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To: facedown

“biggest fall”?

biggest in 3 months. I’m not sure bigger than April and May deserves a superlative - unless you’re trying to write a biased article.


17 posted on 07/05/2012 6:37:52 AM PDT by Principled (It's not enthusiasm for Romney, it's grim determination to remove Hussein)
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To: facedown

“”Initial claims for state unemployment benefits dropped 14,000 to a seasonally adjusted 374,000, the Labor Department said. The four-week moving average for new claims, a better measure of labor market trends, fell 1,500 to 385,750”””

Good news!!!! ONLY 385,000 people lost a job EVERY WEEK.


18 posted on 07/05/2012 6:37:52 AM PDT by shelterguy
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To: facedown
!!! The biggest drop in 2 whole months!

And if the one for July drops a single claim, the absolutely shameless cheering squad for Obama (the so-called 'mainstream' news) will all breathlessly procraim, "THIS IS THE BIGGEST DROP SINCE JUNE!!!!!"

They have ZERO shame.

19 posted on 07/05/2012 6:39:13 AM PDT by Lazamataz (People who resort to Godwin's Law are just like Hitler.)
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To: facedown

Every year the April 15th to July 15th are the seasonal jobs increases. Let’s see year over year employment and how had that actually is.


20 posted on 07/05/2012 6:39:32 AM PDT by CodeToad (Homosexuals are homophobes. They insist on being called 'gay' instead.)
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To: facedown

“The government will release its closely watched employment report for June on Friday. While ADP has a poor track record of predicting nonfarm payrolls, it was a welcome sign for the labor market.”


21 posted on 07/05/2012 6:39:58 AM PDT by John W (Viva Cristo Rey!)
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To: nhwingut

Media is polishing a turd - AGAIN!


22 posted on 07/05/2012 6:40:58 AM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: facedown
I call....Photobucket
23 posted on 07/05/2012 6:41:32 AM PDT by baddog 219
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To: facedown

In related news, the UE number for this week is 374,000, while last week numbers were ... drum roll ... revised up 2,000 to 388,000.

[Recall last week news items touting the 2,000 UE drop — which, after all the revised up manipulation was a grand total decrease of 1,000 — which this current revised up wipes out for a total net decline of 1,000. Confused? That is by design. That is the intent of all the weekly numeric manipulations.]

==

These articles also tout the increase in job creation by claiming the new figure is 176,000 [per MONTH].

While that sounds good, it equates to only 44,000 new jobs per WEEK, while new jobless claims are 374,000 for the WEEK. [Odds are that the 374,000 will be revised up next week.]

==

A total of 5.87 million claimed UE benefits during the week ending June 16.

More states lost eligibility for extended benefits. Now, only 4 states offer extended benefits.


24 posted on 07/05/2012 6:48:03 AM PDT by TomGuy
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To: facedown

Last week’s jobless claims headline number was revised UP 2K to 388K

This week’s headline number (to be revised next week) is 374K


25 posted on 07/05/2012 6:51:17 AM PDT by Roccus (Obama & Holder LLP, Procurers of fine arms for the most discerning drug lords (202) 456-1414)
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To: facedown

Did it say ‘seasonally adjusted’?

It will be revised when summer temp jobs are eliminated.


26 posted on 07/05/2012 6:53:55 AM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: Paladin2

BLS #’s come out tomorrow.


27 posted on 07/05/2012 6:54:16 AM PDT by Roccus (Obama & Holder LLP, Procurers of fine arms for the most discerning drug lords (202) 456-1414)
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To: facedown

Wait for next week when that number is “revised”. Check back on next Thursday.


28 posted on 07/05/2012 6:55:17 AM PDT by Sister_T
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To: Roccus

should be

BLS#’s for June come out tomorrow


29 posted on 07/05/2012 6:55:33 AM PDT by Roccus (Obama & Holder LLP, Procurers of fine arms for the most discerning drug lords (202) 456-1414)
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The economists' predictions are wrong, or the federal government is massaging the data:
The economists surveyed by the AP foresee an unemployment rate of 8 percent on Election Day. That would be the highest rate any postwar president running for re-election has faced.

Monthly job gains will average 139,000 the rest of this year — barely enough to keep up with population growth and prevent unemployment from worsening. In their forecast in April, the economists predicted average monthly job gains of 189,000.

The biggest threat to the U.S. economy is the tax increases and spending cuts that will take effect Jan. 1 unless Congress reaches an agreement. Many economists and the International Monetary Fund have warned that these measures would push the economy off a "fiscal cliff" and back into recession.

The survey results come before the government reports Friday on hiring during June. Fears about the economy escalated after U.S. employers added just 69,000 jobs in May, the fewest in a year and the third straight month of weak job growth


30 posted on 07/05/2012 7:19:17 AM PDT by daivid
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To: facedown

Isn’t this a private group? This isn’t the official report, is it?


31 posted on 07/05/2012 7:34:05 AM PDT by GOPJ (Way to go Kraft Foods. I now associate your brand with anal sex.(Oreo cookies) Freeper agere_contra)
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To: facedown; TigerLikesRooster; HiTech RedNeck; blam; The Duke; riverrunner; Quix; Alamo-Girl; ...
The Fed's Quantitative Easing Fraud Speaks for Itself . . .

Bailout Update - $1.5 Trillion Still Owed To Treasury, Fed !

Nice charts and graphs, too . . .

32 posted on 07/05/2012 7:38:20 AM PDT by ex-Texan (The Time to "Wake Up" is Over !)
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To: GOPJ

Tomorrow is THAT “official” report. The info about weekly jobless claims IS from the government.


33 posted on 07/05/2012 7:39:18 AM PDT by John W (Viva Cristo Rey!)
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To: John W

Seems like other bad news is overriding this tremendous success story-—

U.S. stocks slid to session lows Thursday after the Institute for Supply Management reported a gauge of services activity for June that fell short of forecasts. Stocks had started broadly lower after a trio of central-bank actions to stimulate growth underlined the strains on the world’s economy, and the euro dropped.


34 posted on 07/05/2012 7:45:56 AM PDT by John W (Viva Cristo Rey!)
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To: facedown

So now the media has become so desperate that they are now touting summer hiring as a sign of good things to come?

Note that the term “seasonally-adjusted figures” (or anything like it) does not appear in the article.

The increase in jobs the Reuters is hyping, is the usual summer hiring that occurs every year: construction, landscaping, amusement park workers, vacation-related jobs, etc.

When September comes around, these jobs evaporate.


35 posted on 07/05/2012 7:49:20 AM PDT by kidd
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To: facedown

So with the private job market shrinking and more and more people running out of unemployment, I’m supposed to see this number and believe things are getting better? Oh thats right I’m the every day sheep that turns on the 6 O’clock local news and assumes everything is sunshine and rainbows.


36 posted on 07/05/2012 8:10:13 AM PDT by eak3
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To: facedown
U.S. private employers stepped up hiring in June

Wow, who'da thunk that in June?!? Couldn't be that it's summer, could it? Couldn't be that those new jobs are merely part time and temporary just like every summer, huh? Same thing is going to happen around Thanksgiving and Christmas and the talking heads will be ever so excited spreading the news that the economic crisis has turned the corner.... until those temp jobs end after the holidays.

37 posted on 07/05/2012 8:57:59 AM PDT by bgill
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To: shelterguy

Note the phrase “seasonally adjusted”. Lots of room for fudging there....


38 posted on 07/05/2012 9:13:04 AM PDT by expat2
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To: facedown

Since April!

That made me laugh. Nothing like comparison with such long term data as that.

And it’s such a bold, blaring headline, too. But, that’s why they call it propaganda.


39 posted on 07/05/2012 9:17:00 AM PDT by xzins (Retired Army Chaplain and Proud of It! Those who truly support our troops pray for their victory!)
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To: GlockThe Vote

I’m a gonna call yew mah turd blossom.


40 posted on 07/05/2012 11:04:22 AM PDT by ichabod1 (Cheney/Rumsfeld 2012)
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To: facedown

Anybody know ADP’s politics? Can they be bought? It’s funny this is the first time most of us have ever heard of them.


41 posted on 07/05/2012 12:20:33 PM PDT by FlingWingFlyer (ObamaCare is only the beginning. It's all downhill from here.)
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To: facedown; Red Badger; C210N; dartuser; Psycho_Bunny; txrefugee; traditional1; central_va; ...
There's dishonesty in the headline implication and no new claims number in the excerpt. Here's the weekly average, "seasonally adjusted" "jobless claims" number for the month--missing from the excerpt. It's for one average week of the month.

385,750

The slide continues. Welcome the remainder of the middle class, when it rains.


42 posted on 07/05/2012 3:56:05 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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