Posted on 02/07/2013 6:42:34 AM PST by traumer
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Jobless claims fall, trend reading at near five-year low ReutersReuters – 41 minutes ago
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A job seeker (R) meets with a prospective employer at a career fair in New York City, October 24, 2012. REUTERS/Mike SegarView Photo
A job seeker (R) meets with a prospective employer at a career fair in New York City, October 24, 2012. REUTERS/Mike Segar
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits fell last week and a trend reading hit a near five-year low, pointing to ongoing healing in the labor market.
Initial claims for state unemployment benefits dropped by 5,000 to a seasonally adjusted 366,000, the Labor Department said on Thursday. The prior week's claims figure was revised to show 3,000 more new claims than initially reported.
Economists polled by Reuters had expected 360,000 claims last week.
Claims were volatile in January due to the timing of holidays and the dates on which weeks ended, but a Labor Department analyst said some of that volatility appeared to be receding. The analyst said there was nothing unusual in the data, and no states estimated their readings.
The four-week moving average for new claims, a gauge of the trend in layoffs, dropped 2,250 to 350,500. That was the lowest level since March 2008, suggesting a steady improvement in labor market conditions.
The claims report showed the number of people still receiving benefits under regular state programs after an initial week of aid increased 8,000 to 3.22 million in the week ended January 26.
(Excerpt) Read more at finance.yahoo.com ...
OK I heard on the news this morning it was UP....................
Initial Claims Miss For Second Week In A Row As Nonfarm Productivity Tumbles Most Since 2008
Might that not also suggest that more people than ever have run out of benefits and failed to requalify?
My only question is how long the MSM will try to blow smoke up our rear ends on the economy. Their reporting on it has long surpassed ridiculous.
Hey kids! It’s “Fun With Numbers” Thursday!
It’s insane. We’re all out here in the real world and know what’s happening. Amazing.
Obviously, there is no one at Yahoo who can read these BS stats from BLS. Last week’s jobless rate was revised UP by 3,000, as this week’s will probably be. To see a silver lining in these pathetic numbers is to see a pile of manure and look for a pony.
Fewer people are losing their jobs, which is great news!
But the labor participation rate (the number of people WITH jobs) has dropped steadily since BHO took office, down 3.3% or around 6 million workers.
So NET job losses are quite troubling.
http://data.bls.gov/timeseries/LNS11300000
Bump.
It is hard to continue to see a bright light in any of this.
Dems just want to grow government to control us all. The GOP just wants to outsource, leaving us all to be controlled.
How about AMERICANS, SPENDING MONEY IN AMERICA, TO HIRE AMERICANS.
Seriously.
“unexpected”
Drink up.
Being from a rural area I have an understanding of how manure spreaders work so I see the spread of Beltway BS here.
As noted in post#3, this is a numbers game that the MSM is playing.
See: http://www.freerepublic.com/focus/f-news/2986207/posts
for an explanation
Initial claims for state unemployment benefits dropped by 5,000 to a seasonally adjusted 366,000, the Labor Department said on Thursday. The prior week’s claims figure was revised to show 3,000 more new claims than initially reported.
Economists polled by Reuters had expected 360,000 claims last week.
Some fun with numbers...
In the last 4+ years unemployment has gone down, way down, and then basically has been sliding sideways week after week. Sure the numbers tick up a few thousand, or down a few thousand each measuring time, but the trend has been very, very clear — we are going nowhere economically.
There are no jobs and nothing is improving despite these little teeny sideways incremental shifts. That everybody is making such big news out of these lateral moves is profoundly discouraging.
The economy STILL sucks. There are no jobs and nobody is demanding better from Obama who keeps playing the role of David Copperfield by keeping people's focus off the economy.
Obama keeps pointing attention to the Boy Scouts, Guns, Immigration, Women in Combat, etc., all important issues on their own, but why are Americans, the MSM, not demanding that Obama focus on the economy. Why are they not asking why things are NOT getting any better after 4+ years!
I just talked to my friends back in Silicon Valley. They are ALL scared or already out of work. We may be looking at a repeat of 2002 in high tech.
The MSM is playing “Baghdad Bob” on the economy.
They want to keep you “in the game” as long as possible to milk as much out of the economy as they can before the crash.
They REALLY hate “preppers”, because we know the game they’re playing, and are planning not to be “in the same boat” when it crashes.
I saw at least two arrogant condescending “freepers” last week poo-pooing any bad news because the economy (to them) is obviously improving.
They haven’t seemed to check in on this thread yet.
Found ‘em, cc’d here.
They derogatorily call our comments a “conspiracy theory”.
http://www.freerepublic.com/focus/f-news/2984167/posts
Well if the Ministry of Propaganda says it’s true, who am I to argue?
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