Posted on 01/27/2011 1:12:37 PM PST by pissant
Should we worry about the numbers out today showing that jobless claims have surged to 454,000 thousand, up from 403,000 the week previously? That's a large jump, one of the biggest in recent memory. At the same time, there's some new data showing that orders of big new equipment and machinery are down, which hints at future job losses.
The answer is no – it's not time to worry, yet. Terrible weather throughout the Midwest and East Coast has skewed the figures, and the underlying data shows the labor market to be steady as she goes, on track to generate the 100-125,000 jobs a month that we need to at least hold the unemployment rate steady. Getting it down will require around 135,000 new jobs a month for quite some time, a questionable proposition - companies are still sitting on cash, and there's even evidence that despite all the Immelt chatter about bringing jobs home, a number of American multinationals are actually speeding up outsourcing to emerging market nations post recession.
Read more: http://curiouscapitalist.blogs.time.com/2011/01/27/jobless-claims-jump/#ixzz1CGwCXCAs
(Excerpt) Read more at curiouscapitalist.blogs.time.com ...
Ha ha ha, does anyone remember them making excuses for Bush?
And btw, EVERY jobs report I see uses te word “unexpected.” Don’t these people understand that once you get it wrong every month for two solid years, people quit listening to you?
From my very limited survey, some holiday hires were kept on board for a couple weeks for inventory.
UE offices were open only 4 days last week.
It’s been “unexpected” for the last 24 months.
BTW-I have yet to read that the last three months lower job losses may have been because stores hired extra workers for the shopping holiday. Now that the holidays are over, they’re laying off those workers. DUH!!!
Ha ha ha, does anyone remember them making excuses for Bush?
I sure don’t.
Which makes all the insane banter here at FR about a MSM deathwatch absolutly ridiculous,
I guess it's my nature to try to make lemonade out of lemons, LOL.
Mrs. Prince of Space
Global warming sneaks in during the night and screws around with the jobless claims numbers. Unexpected? No, just a little bit of WTFery.
No problem. Just pass a law forcing them to spend it. See how easy it is?
Democrat thinking: Since there are more jobless, we must extend jobless benefits. Therefore we will be both buying their votes, and helping them out.
Conservative thinking: Lets cut taxes on both corporations and the individual. Therefore freeing up more money to invest in jobs and people have more money to save and spend
Republican Thinking: Gee, I’d like to do what the conservative thinks, but then people will think I’m mean, so I’ll bloviate about it, and then just do what the democrats want.
Absolutely dead nuts on
Not only unexpected, no one could have ever predicted this!?
WTF, Obama! WTF!
But Bill Oreilly and the rest of the rich are happy, they are investing again since they didn’t get their taxes raised....gee Obama’s fatcat buddies have even pushed the DOW up to 12,000. That’s why O Reilly is once again cheerleading Obama.
and the rest of the country?, still losing their homes and jobs being forced on to food stamps and death panels...
Worry? We got Sputnik coming.
That's because the job gains were due, not to holiday hiring, but to the great economic policies of the Democrats.
And the job losses coming up are not due to the end of temporary holiday jobs, but because those Republicans are in control of the House.
The MSM told me so, I mean, will tell me so.
I’d like to get a passel of those “winning the future” tee shirts.
I’ll take them to the Smiths Great American Shootout to use as targets next year.
The rest You can use to change your old truck oil.
Good luck in finding a good job.
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