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US: Initial Jobless Claims fell to 393K
FXStreet ^ | 11/29/2012

Posted on 11/29/2012 7:02:16 AM PST by SeekAndFind

According to the Labor Department, the americans that filed in their first initial claims for regular state unemployment-insurance benefits fell by 17K last week to a seasonally adjusted 393K in the week ended November 24, above expectations at 390K and coming from 410K (revised) in the previous print.

Continuing claims, which reflect people already receiving benefits, fell by 50K to a seasonally adjusted 3.2878 million in the week ended November 17 vs. 3.337 million in the previous week (revised).


TOPICS: Business/Economy; Culture/Society; Front Page News
KEYWORDS: joblessclaims; unemployment

1 posted on 11/29/2012 7:02:23 AM PST by SeekAndFind
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To: SeekAndFind

After soaring to about 4.5 thousand, they fell last week to about 4 and this week to the high 3.9.

IOW, they are extremely high but get to be reported as falling.

Repeating this garbage gets tiresome.


2 posted on 11/29/2012 7:10:04 AM PST by xzins (Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
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To: SeekAndFind

Notice no mention of the week being shortened by Thanksgiving.


3 posted on 11/29/2012 7:11:30 AM PST by Rational Thought
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To: SeekAndFind
Christmas retail hiring season. This will flip back after the January rush.

Especially after taxes go up, Obamacare kicks in, and the temp tax cuts expire...

4 posted on 11/29/2012 7:13:29 AM PST by Dead Corpse (I will not comply.)
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To: xzins
"Repeating this garbage gets tiresome."

Roger that. I believe they are intentionally gaming these "revisions" so they can continue to spout BS headlines like this.

5 posted on 11/29/2012 7:14:25 AM PST by circlecity
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To: circlecity

unexpectly higher than preelection numbers


6 posted on 11/29/2012 7:31:34 AM PST by scooby321 (AMS)
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To: SeekAndFind
US: Initial Jobless Claims fell to 393K

If you believe the numbers (and I don't), I guess we're supposed to celebrate that on a monthly basis 1.7 million newly unemployed can be expected? The kenyan is doing "wonders" with our economy! /sarc

A lot of people's benefits are scheduled to expire at the end of the year. I wonder how they are going to survive?

7 posted on 11/29/2012 7:36:23 AM PST by The Sons of Liberty ( Fast and Furious , Benghazi - What's 0bama's current body count?)
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To: The Sons of Liberty

“I wonder how they are going to survive?”

If old enough, go on Social Security.
If not, go on disability.
If they have kids, get the kids to go on disability.

There are record numbers of people going on SSDI and getting “crazy checks” for their kids. I wonder why...


8 posted on 11/29/2012 7:43:20 AM PST by GOPsterinMA (The autopsy will show that this nation committed suicide.)
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To: SeekAndFind

Next week, these numbers can be revised up. Next week can then be reported as another drop in jobless claims even there is not one.

What was the number just before the election? About 340,000? And now they are about 400,000? No, nobody is cooking the books.


9 posted on 11/29/2012 7:46:22 AM PST by Proud2BeRight
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To: SeekAndFind

..next week’s readjustment will put it up over 420,000....


10 posted on 11/29/2012 8:02:10 AM PST by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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11 posted on 11/29/2012 8:48:19 AM PST by RedMDer (Please support Toys for Tots this CHRISTmas season.)
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To: SeekAndFind
americans that filed in their first initial claims for regular state unemployment-insurance benefits

All those already laid off, work in the food/farming industry, or were self employed aren't counted each week. They're still lost and unemployed, but according to the numbers these people no longer exist.

In reality, these numbers don't represent the unemployed at all. All they represent are the NEWLY unemployed for the week. Add these to the people who lost their jobs last week, the week before, the month before, and the year before, and a lot of people are in dire straights right now.

12 posted on 11/29/2012 9:32:00 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: Proud2BeRight

I expect the (cooked) numbers to keep decreasing. Those filing for unemployment do so on they basis they worked. With so many not working any more, claim numbers will continue to fall.


13 posted on 11/29/2012 10:57:21 AM PST by aimhigh
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