NY Times: New Jobless Claims Fall More Than Expected

New York Times ^ | August 26, 2010

[Oldeconomybuyer]

WASHINGTON -- New requests for unemployment benefits fell sharply last week after rising in the past three weeks. Still, claims remain much higher than they would be in a healthy economy.

The Labor Department said new claims for jobless aid dropped by 31,000 to a seasonally adjusted 473,000. Wall Street economists had expected a smaller drop, according to surveys by Thomson Reuters.

And the total unemployment benefit rolls are still climbing, as more people join extended unemployment aid programs that were renewed last month by Congress.

[Rashputin]

I hope folks are noticing that absolutely everything related to the economy is “unexpected”, “more than expected”, or “less than expected”, now that we have the smartest man on earth and his cadre of the brightest people in the world leading us toward the leftist ideal.

Regards

[Blue Turtle]

Could it be those claims have reached their max?

[oust the louse]

In other news...Michelle’s BUTT seems to have slimmed down about an ounce since she left on her 14th vacation this year....

[Red in Blue PA]

Last weeks numbers were revised UP to 504,000 and the 4 week moving avg also was UP.

But that doesn’t make as good of a headline for the NYT.

[newnhdad]

Only when a democrat is president is losing this many jobs, good news.

[RS_Rider]

“The Slimes cheerleading 473,000 new unemployed. “Could be worse!””

It will be worse when they revise the numbers next week.

[LottieDah]

My daughter has been looking since January and still has not found a job. The NY Times is full of crap.

[AD from SpringBay]

Does this mean unemployment will remain steady at 9.6%, again.

[Leisler]

"As long as no one eats or lives anywhere other than under a bridge."

OBAMA CONDOS
Affordible And Redy For Your Family!

[PSYCHO-FREEP]

Had this been a Republican administration, the headlines would be; “Record numbers of hopeless people apply for public assistance due to cruel and unnecessary job losses caused by Republican incompetence and failure to create jobs. Worst Republican caused DEPRESSION in the history of the UNIVERSE!”

[TSgt]

"Spirit, are they yours?" Scrooge could say no more.

"They are Man's," said the Spirit, looking down upon them. "And they cling to me, appealing from their fathers. This boy is Ignorance. This girl is Want. Beware them both, and all of their degree, but most of all beware this boy, for on his brow I see that written which is Doom, unless the writing be erased. Deny it!" cried the Spirit, stretching out its hand towards the city. "Slander those who tell it ye. Admit it for your factious purposes, and make it worse. And abide the end."

"Have they no refuge or resource?" cried Scrooge.

"Are there no prisons?" said the Spirit, turning on him for the last time with his own words. "Are there no workhouses?"

[TexasFreeper2009]

not to worry... these numbers will be quitely revised upwards later.

[MNJohnnie]

YEA! We suck less this week!

[MNJohnnie]

Yeah you know it is bad when even the Leftists at “Fact Check” have to come out and say “The Administrations claims of jobs saved is exaggerated”.

[Arrowhead1952]

NY Times: New Jobless Claims Fall More Than Expected

Next week's headline:

Jobless Claims Numbers Revised Upward More Than Expected