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To: SeekAndFind

So, over a quarter of a million new jobless people entered the rolls? Am understanding that right? So, Obamasan has cured all ills, yet we have over 300,000 new people on the welfare rolls.


16 posted on 05/02/2013 8:08:29 AM PDT by RetiredArmy (1 Cor 15: 50-54 & 1 Thess 4: 13-17. That about covers it.)
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To: RetiredArmy

RE: So, over a quarter of a million new jobless people entered the rolls?

This is of course, just one side of the equation, it has to be balanced out in the net by the number of people being HIRED.

The net comes out positive of course.

ADP just announced 119,000 private sector jobs created last April (pathetic but still positive).

See here:

http://www.latimes.com/business/money/la-fi-mo-jobs-adp-economy-unemployment-20130501,0,4408183.story


19 posted on 05/02/2013 8:12:34 AM PDT by SeekAndFind
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To: RetiredArmy
Not unusual. There is a tremendous amount of churn in the labor force. Thousands of people are hired and fired each week. Here's the historical chart for initial claims (4-week moving average to smooth the weekly fluctuations). The rate we are seeing now 342,500 is relatively low compared to history. Economists consider anything below 400K to be positive job growth territory.


22 posted on 05/02/2013 8:25:46 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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