Posted on 07/31/2014 7:13:26 AM PDT by SoFloFreeper
One week after falling to a 14-year low, the number of people who applied for U.S. unemployment benefits rose sharply last week but remained near a postrecession bottom.
Initial jobless claims climbed by 23,000 to 302,000 in the seven days ended July 26, retracing the entire decline in prior week, according to Labor Department data . The level of claims was in line with Wall Street expectations.
(Excerpt) Read more at marketwatch.com ...
Under the Obama regime, bad is good so I guess this is good.
Last week’s lie can’t begin to match this week’s big lie,+4% in the second quarter.Does anyone believe THAT?
The 4-week moving average is at it's lowest point since 2006:
Funny. I was reading that the government claims the GDP grew at a 4% annual rate during the second quarter and I didn’t believe a word of it. I wonder why?
No. Just as no one believed the -2.9% in 1Q...
Overall the GDP is growing 1.5-2.0% - just as it has over the last couple of years.
Well, this is unexpected.
Is inflation calculated into the GDP?
What inflation?
/s
Yes. It’s called the “PCE deflator”. It’s the difference between real and nominal GDP.
And the labor force participation rate is at its lowest since the late 70s. So your chart is pretty much bogus.
Tell you what, I'll do it for you:
If you would like to discuss why it has been falling for 15 years I'd be happy to do that.
And yours was incomplete... I posted one back to the 50’s to show the whole story which yours does not do. I’d be happy to post initial claims back to the 1960’s but it won;t change the fact that the claims numbers are very low especially considering record private employment levels.
Do you have a chart to overlay that which shows govt employment?
Call me skeptical....I trust next to NOTHING put out by Team Obama.
Every statistic they quote is total BS. If you don’t count partime and all the millions who have fallen off the unemployment rolls its about 18% unemployment.
Just like the lie that the GDP grew 4% in the second quarter. Its all a lie. In a couple of weeks the revised GDP numbers will be quietly released and the growth will be zero. Who even listens to it anymore?
I understand the skepticism. Unfortunately there are no other sources of data.
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