Skip to comments.Jobless claims fall; Sandy distorts data
Posted on 11/08/2012 5:48:13 AM PST by John W
WASHINGTON - The number of Americans filing new claims for unemployment benefits fell last week, a sign the labor market's slow recovery was gaining traction although a severe storm distorted the data.
Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 355,000, the Labor Department said on Thursday. That was below the median forecast in a Reuters poll of 370,000.
An analyst from the department said Sandy, a mammoth storm that slammed into the East Coast on October 29, boosted claims in some states by leaving people out of work, but also reduced claims in at least one state because power outages kept the state from collecting claim reports.
The impact of the storm is likely to be temporary. It was unclear if the storm's net effect was to boost or reduce claims, the analyst said.
(Excerpt) Read more at nbcnews.com ...
I’m trying to figure out what will happen to the 12M jobs Mitt had lined up...
Boener has said he wants the President to succed, which means the fascists in the republican party got what they wanted and they will oin hands with the fascist democrats and screw us even more.
Boener has said he wants the President to succeed, which means the fascists in the republican party got what they wanted and they will oin hands with the fascist democrats and screw us even more.
Companies capping hourly workers at 29 maximum per work week to avoid ObamaCare’s defining ‘full time’ at 30 hrs or more will artificially create jobs as these companies spread the necessary workload over more individuals and those capped workers desperately need a second job, or further gov’t assistance, just to survive.
Well, its after November 6th so FEMA shuts down, no more revisions needed with this and Happy Days Are Here Again!
I’m thinkin’ next week’s numbers, including revisions to this week’s, are gonna be a sight to behold. But then again, the immediate effects of Sandy are continuing for millions.
Just you wait...every construction project in those two states will be given media hoopla as “jobs created”....