This is the worst economy since Bush!..........
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...
“hopeful signs for the struggling labor market.”
More of Obama’s “Hope”....then the reality bomb goes off.
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.
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.....
Employment is a LAGGING economic indicator. We are already in a recession.
Two months, sheesh, have they no shame. Who actually signed up to publish that excrement?
I guess we’ll be seeing a special speech from Dictator Obama because of this “MAJOR positive development” on our economy.
Break out the champagne and caviar!
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.
“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.
“”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.
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.
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.
“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.”
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.]
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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.]
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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.
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