Jobless claims in the US fall to an eight-year low:

CS Monitor ^ | 10/09/2014

[SeekAndFind]

Jobless claims by American workers for unemployment benefits fell by 1,000 to 287,000 last week, a sign that US employers are hanging on to workers. Jobless claims are currently lower than they were before the country's economic crisis began.

The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the U.S. labor market.

Initial claims for state unemployment benefits dropped 1,000 to a seasonally adjusted 287,000 in the week ended Oct. 4, the Labor Department said on Thursday.

The data adds to the view that some strength is building in the U.S. economy. Last week, the Labor Department reported that the U.S. added 248,000 jobs in September, ticking the unemployment rate down below 6 percent for the first time since the start of the Great Recession.

"The labor market is entering into a potential boom," said Joseph LaVorgna, chief U.S economist at Deutsche Bank in New York.

[SeekAndFind]

It's fun with Thursday jobs numbers once again.

For those not following: This is the 4th straight week that jobless claims have been below 300,000.

[Red Badger]

And right before an election.............how coincidental!...................

[pallis]

Maybe things are bottoming out, until the new bottom drops out.

[Wyatt's Torch]

Not really. Been falling for a long time and just continuing the trend:

[Rennes Templar]

As Slick said, people aren’t feeling it.

[Red Badger]

At this time of year it is probably the holiday hires keeping the numbers lower..........................

[sportutegrl]

Fewer workers = fewer recently laid off people.

[jsanders2001]

People lost hope and just gave up looking for work. Nevertheless if the numbers came from the 0 administration you know they’re made up...

[areukiddingme1]

Well, but what if obamalamadingdong extended the number of weeks that one could file for unemployment benefits say to 150 weeks or 200 weeks — Because let’s just say for the sake of argument that most of his supporters have already exhausted their 99 weeks of unemployment and rather than look for work are just drawing SS benefits, WIC, EBT etc...What would that number be if they actually extended it beyond 99 weeks, what would the number be then? Hum?

[YankeeReb]

The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the U.S. labor market.

So how does the above statement jibe with this from Zero Hedge?

http://www.freerepublic.com/focus/f-news/3213182/posts

Who's lying?

[SgtHooper]

Ah bullcrap. Wait for the upwardly-revised estimate in 1-2 weeks.

[Wyatt's Torch]

Seasonally adjusted to account for that.

[Wyatt's Torch]

The chart I posted is a 4 week moving average which accounts for all the revisions.

[Wyatt's Torch]

Except employment is at a record high:

[Vaduz]

unicorns found film at eleven.

[nhwingut]

Here's another snazzy chart. To explain why rate has dropped.

[Wyatt's Torch]

Here's the full chart dating back to the 50's...

(you should note that the rate peaked in the late 90's and has been falling ever since - oh and the participation rate for men has been falling since the 1950's)

[MrB]

I’m not sure whether to be angry or amused at this deception.

Angry at those believing this,
amused at those perpetrating this,

I suppose.

[Wyatt's Torch]

And here's one that adjusts for # of employees as that has risen.