Posted on 11/10/2011 6:30:27 AM PST by TomGuy
Initial claims for state unemployment benefits fell 10,000 to a seasonally adjusted 390,000 in the week ended November 5, slightly below the 400,000 that analysts polled by Reuters had expected.
(Excerpt) Read more at finance.yahoo.com ...
Yep.. and this one will bump up, too.
The “media’s” attempts to trumpet these numbers as growth are amusing.
The raw number was up a bunch.
The news prints these “great numbers”. . .then in a few days on page 30 they will make an upward correction.
Yeah but they got their headline out of it last week — ‘Jobless claims fall below 400,000’... That’s all they wanted. Then the lib media does their magic.
No one reads the corrections/revisions.
Prosperity is right around the corner.
Christmas season employment. Expect big layoffs in January.
Simple logic:
With fewer and fewer people actually working, there will be fewer people that can be laid off each time. If the work-force were to ever reach (hypothetically) zero, then the following week, there would be no layoffs. Would that be seen as a sign of hope for the economy?
The people who actually read or listen to the Lib media has dropped to the point where CBS, NBC,ABC , NYT or Time/Newsweek are simply preaching to the choir. I was at a book store if I wanted a 90 free magazine subscription, it included Time and Newsweek, told the young lady “I do not read that tripe” She stared at me I do not think she knew what tripe is.
Understand what this means, these are NEWLY UNEMPLOYED people. As I understand this process, we are still ADDING to unemployment, right? And this is "GOOD NEWS?!?!?"
Amazing!!! Just about every week for last year or so the previous weeks jobless claims are adjusted upward. the 397,000 number was raised to 400,000. What will this weeks numbers be shifted upward to? These media folks take us for morons and think we buy & believe their hogwash!!! Not happening!!!
Yeah...and people working 2 part time jobs with no benefits.
Never mind the fact that millions of college graduates never get counted.
Keep in mind these are NEW jobless claims...
For the love of all that is good in this world, people need to STOP commenting on these reports when they don't understand them. Just stop it.
Yes, this is the new weekly claims for unemployment. There is ALWAYS thousands upon thousands of new weekly claims for unemployment - even in a great economy. It is a very big country with a LOT of activity and thousands of people will always being laid off each week and thousands of others will be finding employment each week. This report only shows the number of new claims, it is not a net job report, it does not tell you how many people found work.
New claims between 375k - 400k probably indicate a very slowly improving employment picture. That is why the media is always so excited about the "green shoot" potential of an under 400k number. If the new claims get under 375k to around 350k that would mean we are moving towards a healthier labor market.
The weekly unemployment claims report and the monthly jobs report(s) are not the same thing. The former represents new unemployment claims (which will always appear staggeringly high if you don't understand what the numbers mean), the latter represents NET job gains or losses plus a household survey.
Today's report is fairly decent news. Going on several weeks now the new unemployment claims report numbers have been falling steadily. The previous weeks numbers have been revised up regularly, but that is not unusual and the trend is still going in the right direction. The employment picture seems to be improving modestly. At this rate we will see the unemployment rate likely continue ticking down.
A Labor Department official said a freak fall snowstorm that kept many people housebound in the Northeast did not affect initial jobless claims.
Um....Whatever.......
Any improvements now will likely be due to “Seasonal” employment. Basically, minimum wage jobs that will end in January. Buy hey...who am I to throw a little rain on their parade.
Participation rates continue to drop as well.
I think I heard that a bunch of people had their 99 weeks of unemployment run out last week.
That would mean that fewer are filing new claims but are still just as unemployed.... right?
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