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U.S. weekly jobless claims drop 25,000 to 370,000
marketwatch.com ^ | December 6, 2012 | Jeffry Bartash

Posted on 12/06/2012 5:44:44 AM PST by John W

WASHINGTON (MarketWatch) - Applications for U.S. unemployment benefits fell by 25,000 to a seasonally adjusted 370,000 in the week ended Dec. 1, the Labor Department said Thursday. That's the third straight decline and lowest reading in one month. Initial claims from two weeks ago were revised up to 395,000 from an original reading of 393,000, based on more complete data collected at the state level.

The average of new claims over the past month, meanwhile, edged up by 2,250 to 408,000. The four-week average reduces seasonal volatility in the weekly data and is seen as a more accurate barometer of labor-market trends

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


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: jobless; unemployment; unexpected
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To: Hoodat
Right on. The MSM tries to spin what really is bad news as good news.
21 posted on 12/06/2012 10:46:53 AM PST by kabar
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To: John W
jobless claims drop

Really? How is that possible?


22 posted on 12/06/2012 1:03:08 PM PST by Brown Deer (Pray for 0bama. Psalm 109:8)
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To: ilovesarah2012
Seasonal hiring. Wait for February.

Exactly.

My sister works on Wall Street - they discount all UE figures from the beginning of Nov. thru Jan. every year.

Seasonal hiring skews the figures - not reliable during this time period.

23 posted on 12/06/2012 8:25:46 PM PST by Lmo56 (If ya wanna run with the big dawgs - ya gotta learn to piss in the tall grass ...)
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To: John W

I’m one of those people who won’t be filing unemployment this coming Sunday. I’m thankful to be working but like far too many people, I’m making much, much less, with no benefits, than I was making at my last job. This government is a fraud. God help us.


24 posted on 12/07/2012 4:27:22 AM PST by demshateGod (The fool hath said in his heart, There is no God.)
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To: John W

Sure. The hiring for the Christma season accounts for that.

Wait until people are done with their returns, around the second week of Jan when all the the college kids are going back to school.


25 posted on 12/07/2012 1:06:08 PM PST by metmom (For freedom Christ has set us free; stand firm therefore & do not submit again to a yoke of slavery)
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To: John W

With the 359K number removed from the workforce— this is how you get a drop in the RATE of unemployment to the oh boy! 7.7% tout by govt.. The ACTUAL number of total unemployed is extremely large.

Excellent commentary at zero hedge with graphics. The 24-54 group has lost the most (that 359K number)— and perhaps the younger-most of them voted for obamao. Of interest is that the older group 55-69 increased 177K (employers are willing to risk experienced people who are not generational whiners— my opinion).

Zero hedge: http://www.zerohedge.com/news/2012-12-07/chart-day-jobs-additions-age-group-reveals-scariest-picture


26 posted on 12/07/2012 5:21:53 PM PST by John S Mosby (Sic Semper Tyrannis)
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