Posted on 08/21/2014 7:00:58 AM PDT by SeekAndFind
Fewer people applied for U.S. unemployment benefits last week, another sign the job market is improving.
The Labor Department said Thursday that weekly claims for jobless aid fell 14,000 last week to a seasonally adjusted 298,000. The prior weeks figures were revised up slightly to 311,000.
The less-volatile four-week average rose 4,750 to 300,750. It remains close to levels that predate the Great Recession of 2007-2009.
Applications are a proxy for layoffs.
Employers arent just keeping workers. Theyre hiring at a pace last seen during the tech boom. They added 209,000 jobs in July, the sixth straight month that job gains exceeded 200,000. The economy has generated 244,000 new jobs a month since February.
The recent hiring has encouraged more people to look for work, causing Julys unemployment rate to rise to 6.2 percent from 6.1 percent in June. The government counts only people searching for jobs as unemployed.
(Excerpt) Read more at theepochtimes.com ...
The unemployment rate will be 0% by mid October
Is that an “upchart” that we can overlay with that to show the number of adults (including those with degrees and professional work experience) who are not retired and are “out of the workforce”?
Is my memory accurate?
Thanks!
I still don’t think I’m being tabulated in those results. I can’t file with anyone unless Dice.com et al are providing information on general user stats.
Please explain to me how anyone can say the economy is improving when 298,000 people filed new claims for unemployment last week and only 209,000 jobs were created for the previous month?
Is this common core math?
Obama is always hitting a “new all time low” of 40% approval. They keep ever tilting the pool with more Democrats and “independents”. They ignore that every time they cite it, it is a “new low” of a number he pegged YEARS ago.
Maybe you can answer Post number 27 above... Here’s his question:
Please explain to me how anyone can say the economy is improving when 298,000 people filed new claims for unemployment last week and only 209,000 jobs were created for the previous month?
Is this common core math?
Indeed the numbers are down to what they should not be up to.
I fully understand, my prayers are out to you. I've been in the same boat...it's tough to keep positive attitude going.
So it’s too low to begin with, then a week later they revise it upward, then compare that with the new week’s too low numbers.
VOILA! Thus you get a drop in claims.
I really like the St. Louis Fed website.. You can make tons of Graphs. Works well for presentations!
Thank you! We all need to support each other when we fall upon “hard times,” lol. I assume you’ve landed on your feet?
Several loan servicers for my agency will be breathing easier in a couple of weeks...lol. A highlight of my time here was the reaction by senior management to an after-action report I wrote. The title of the email from one was titled, "Houston, we have a problem."
The group I worked with held these contractors' feet to the fire. Unfortunately, there wasn't one outside contractor I worked with that performed their jobs to our satisfaction. It got pretty contentious at times.
I’ve noticed that myself, now that your point it out. It’s the same with the 11,000,000 illegal alien number they’ve been citing for the past decade.
“Unexpectedly” revised downward in December
Lies. During the Tech Boom the economy generated far more than 244,000 jobs/month.
In fact, during the height of the "Bush Economy" more than 400,000 jobs/mo. were being created for an extended period of time.
The WORST part of the Bush Economy had somewhere around 177,000 jobs creted/mo.
BLS Statistics show just how bad the Obama Economy is. That doesn't stop the liberal lamestream media from donning their kneepads and singing Dear Narcissistic Leaders' praises though....
One day the media will pay for being Obama's willing propaganda whores.
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