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Jobless claims rise above expectations
Reuters ^ | Thu Jul 21, 2011 8:45am EDT | Reuters

Posted on 07/21/2011 6:05:00 AM PDT by newzjunkey

Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 418,000, the Labor Department said.

Economists polled by Reuters had forecast claims rising to 410,000. The prior week's figure was revised up to 408,000 from the previously reported 405,000.

(Excerpt) Read more at reuters.com ...


TOPICS: Breaking News; Business/Economy
KEYWORDS: cheeseburgerparadise; economy; jobless; recovery; unarrested; unbama; unbelievable; uncontested; undigested; unemployment; unexpected; unjobbed; unmolested; unrespected
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To: savedbygrace

Well, well..... we are all happy and rejoice at the opportunity that comes to you with a new start in a new direction.


61 posted on 07/21/2011 6:48:02 AM PDT by bert (K.E. N.P. +12 ....Flash mobs are trickle down leftwing REDISTRIBUTION))
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To: newzjunkey

1,000 WAYS TO SAY - ‘UNEXPECTED’ !!!


62 posted on 07/21/2011 6:48:29 AM PDT by traumer
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To: RandallFlagg
The key word is “new.”

That means 400k more people lost their jobs last week and filed for unemployment. The stat doesn't include people already unemployed AND people who have dropped off of unemployment because the benefit ran out.

Also, it doesn't include underemployed people.

63 posted on 07/21/2011 6:48:46 AM PDT by dhs12345
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To: tobyhill

13,500


64 posted on 07/21/2011 6:49:03 AM PDT by LibLieSlayer ("GIVE ME LIBERTY OR GIVE ME DEATH"! I choose LIBERTY and PALIN!)
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To: RandallFlagg

“How Obama’s Knee-Pad Enemedia keeps doing what they do with a straight face every day defies reality.”

Because it’s their job? If they didn’t do it they wouldn’t be working.


65 posted on 07/21/2011 6:49:56 AM PDT by Justa
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To: smith288

Lol. Good picture.

It was unexpected that it was unexpected. In other words, it was expected.


66 posted on 07/21/2011 6:51:29 AM PDT by dhs12345
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To: RandallFlagg

It is new people going on unemployment each month. Whereas the new people getting a job last month were about 25,000, IIRC.


67 posted on 07/21/2011 6:52:09 AM PDT by expatpat
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To: RandallFlagg

It is new people going on unemployment each month. Whereas the new people getting a job last month were about 25,000, IIRC.


68 posted on 07/21/2011 6:52:28 AM PDT by expatpat
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To: expatpat

My mistake, doubled, per WEEK


69 posted on 07/21/2011 6:54:13 AM PDT by expatpat
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To: savedbygrace

Rejoicing with you ... God is good!


70 posted on 07/21/2011 6:55:22 AM PDT by Pegita ('Tis so sweet to trust in Jesus, just to take Him at His word ...)
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To: newzjunkey; All

This is all just a phase in the Total Transformation of America that Obama promised us over and over. Did any of us imagine that the Total Transformation of America would be totally problem-free?

Everything is on track- look how relaxed Obama is and how often he relaxes, parties, golfs. To him, things are running OK.


71 posted on 07/21/2011 6:55:46 AM PDT by DBrow
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To: newzjunkey; All

72 posted on 07/21/2011 6:56:11 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: newzjunkey

How come the so-called RNC chair isn’t all over the media every day with these stats....and how come every Pubbie...every time they get in front of a camera, isn’t talking about this..and this only.

Any budget deal is worthless unless more get working to increase tax revenues.


73 posted on 07/21/2011 6:58:54 AM PDT by mo ("If you understand, no explanation is needed; if you do not, no explanation is possible")
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To: RandallFlagg

The 400k number is new people filing for unemployment benefits. The government figures that 375k is the number of filings in a healthy economy. Anything above 375k is bad and below that is good. I have no idea why 375k picked, that number seems a little high to me. But for the 375k figure to actually be good or neutral 375k hirings would also have to occur each week.


74 posted on 07/21/2011 7:01:56 AM PDT by jpsb
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To: COBOL2Java

This report is released every Thursday morning.


75 posted on 07/21/2011 7:02:05 AM PDT by Gondring (Going D'Anconia)
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To: COBOL2Java

LOL. That is so true about these kinds of things usually coming out on Friday!


76 posted on 07/21/2011 7:02:42 AM PDT by casinva
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To: autumnraine

“And once again the prior week is revised UP.”

Beat me to it!


77 posted on 07/21/2011 7:06:48 AM PDT by icwhatudo ("laws requiring compulsory abortion could be sustained under the constitution"-Obama official)
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To: Gondring

Actually, you may be right about the Thursday morning reports on this subject. It’s just usually that the MSM seems to have a way of letting some things get buried and then getting bad news out on Fridays for the most part.


78 posted on 07/21/2011 7:07:05 AM PDT by casinva
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To: Gondring

Wait until this “Gang of Six” thugs, gets their “Budget Plan” signed into law. The 110% increase in Capital Gains taxes will destroy the Markets as we know them. Which will double the number of unemployed.

Make sense? Think of a sick patient clinging to life in a hospital bed and is very low on blood. Then take a knife and open up a major artery. (Wall Street is the blood of the economy) You know, to “increase revenue” while at the same time, cutting taxes elsewhere.

Upset the patient, the patient dies.


79 posted on 07/21/2011 7:09:24 AM PDT by PSYCHO-FREEP (Always Remember You're Unique.......(Just Like everyone Else.))
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To: RandallFlagg
Thursday initial claim numbers are for the preceding week. Monthly numbers come out on the first or second Friday of the following month. It is claimed that 400K/wk is the break-even point between new jobs and initial claims. 'Twasn't all that long ago that number was 325-350K/wk.
80 posted on 07/21/2011 7:13:58 AM PDT by Roccus (Obama & Holder LLP, Procurers of fine arms to the most discerning drug lords (202) 456-1414)
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