To: John W
350,000 new unemployment claims, 113,000 new hires and the unemployment rate drops 0.1
Reads like Pravda and Tass circa 1972.
posted on 02/07/2014 5:47:55 AM PST
(Those that vote for a living outnumber those that work for one.)
Sigh... I guess I have to go through this again.
Initial Claims is the number of people who lost there job in one week. There are tens of thousands who are hired and fired/quit every week.
The NFP jobs report is the NET INCREASE OR DECREASE of that churn (caveat - not the same data set but related)
The initial claims we are experiencing now is well within normal range for a growing economy.
"350,000 new unemployment claims,"
That's from only one week.
"113,000 new hires"
That's from a month.
"and the unemployment rate drops 0.1
Reads like Pravda and Tass circa 1972. "
Agreed. Well said.
posted on 02/07/2014 8:55:30 AM PST
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
Check the WARN notices for Gnu Yak and California...that really tells the story, folks...future job losses are staggering, trust me..
posted on 02/08/2014 3:27:25 PM PST
(We will not comply. We are Free, We Are AMERICANS!)
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