Bush,
Irene,
Japan,
Tea Partiers:
Continuing claims dropped 80K, most likely from people dropping out of the workforce.
they voluntarily left their employment, how can they get benefits? Doesn’t the union take care of that during a strike?
quote “ Initial claims from two weeks ago were revised up to 412,000 from an original reading of 408,000”
how unexpected!
DRINK!
I'm doubting this arguement. Now my knowledge of UI and strikers is dated (early 70's) but IIRC, at that time only NY and RI allowed UI to be paid to strikers and in NY it was only after being out for 7 weeks.
Sad. Watch Obama try another STIMULUS to pay his fat cat friends off.
Unexpectedly unexpected.
Is this the initial jobless claims lie or is this a “revised” and slightly more truthful lie?
Zero will be blaming the Virginia earthquake as well as Irene for the poor jobless numbers for the month of August.
My friends wife just got laid off Tuesday, so you can add one more to the total.
“Initial claims from two weeks ago were revised up to 412,000 from an original reading of 408,000”
And that very nicely explains why we have so much instability and volatility in the World markets; not just here in the US. Nobody can rely on any of the statistics that come out, because we are constantly seeing these revisions weeks later that prove nothing the Government says is believable.
I didn’t think strikers could apply for UE...........................
The "average" appears to be wrong. If today is 417 and that was up from last week, and a previous week was revised up to 412, but last week and all of the last 16 weeks or so has been above 400,000, then I think the average is using the unrevised numbers instead of the corrected numbers. Therefore, the average of 12 and 17 alone is 7+ all by itself and all of the other weeks were ABOVE 400,000.
I agree. Any downward number in unemployment checks is due to running out of benefits and dropping out of the numbers.
It's a cushy way to count numbers. You get to pretend that real unemployed people don't count as unemployed. You get to claim that unemployment is falling when it is in fact, in real numbers, at depression-level highs.
There likely is not a nefarious reason for the upward revisions — although I can’t rule that out.
The real reason for the upward revisions is more ominous for the overall economy.
Economists — vetted as being relatively non-partisan — have told me that a pattern of upward OR downward revisions suggests a direction of momentum.
For example, during the mid years of the GWB administration, the typical pattern was to have upward revisions in the payroll numbers, and downward revisions in the jobless claims.
Why? the economy and the job markets were tending to grow during those — seem like so long ago — years of 2003 through 2007.
So the direction of the revisions suggested — although were no guarantee — a direction of the future economy.
Similarly, the pattern of upward revisions for the jobless claims is a hint that the direction for employment is toward EROSION — NOT healing.
It also may be that this means the jobless claims never got below 400K for a lengthening streak of weeks and months.
WSJ said the weekly numbers have been below 400K only once since April. But it wasn’t clear if that included the final figures after the usual upward revisions.
Bammy always accused Republicans of driving the economy into the ditch but Americans are now realizing that there’s nobody at the wheel.
the obama economy.
