Posted on 10/18/2012 5:41:27 AM PDT by John W
WASHINGTON (MarketWatch) - Applications for U.S. unemployment benefits jumped 46,000 to a seasonally adjusted 388,000 in the week of Oct. 7-13, the Labor Department said Thursday, erasing the sharp drop from the prior week. Claims had fallen two weeks ago to a four-year low, but the decline mainly stemmed from a statistical quirk in the data that often happens at the end of a quarter and it was not reflective of a rapidly improving labor market.
(Excerpt) Read more at marketwatch.com ...
http://news.yahoo.com/1-2-graduates-jobless-underemployed-140300522.html
7.8% the media says . no it's 50% This is the number we have to hit them with. This is much worse that the "great depression". that college kid said it in the debate that " they tell him when he graduates there won't be a job for him". I Hear this all the time from college students.
America used to be the land of opportunity. Obama has killed the American dream.
I highly doubt that even good numbers coming out on November 2 are going to have enough impact to significantly change the outcome in that short of time. Having said that, I think you are right in saying that the Romney campaign needs to be preemptive in educating the public about the real numbers. I also think that Issa and others need to keep the heat on in terms of shining a light on what's happening at the CBO and in how these data are put together - and by whom. They will be a lot more cautious in ‘cooking the books’ if they know that someone is watching.
But enough are
If they call me, I'm saying that all three adults in my household have been out of work since ObamaCare requirements scared my employer so bad that he laid off people to get below the 50 employee threshold.
As Romney said in the debate 50% of college graduates can’t find jobs. that is the real unemployment rate 50%.:
http://news.yahoo.com/1-2-graduates-jobless-underemployed-140300522.html
7.8% the media says . no it’s 50% This is the number we have to hit them with. This is much worse that the “great depression”. that college kid said it in the debate that “ they tell him when he graduates there won’t be a job for him”. I Hear this all the time from college students.
America used to be the land of opportunity. Obama has killed the American dream.
And idiot liberal college grads still say they will vote for Obama (stuck on stupid). hey liberals socialism doesn’t work. You think piling on 13,000 pages more of government regulations that Obama has put on businesses will cause people to open new businesses?
Using BLS charts, I looked at the difference between the labor force and the employed (in other words, people that could work and were working).
As of September 2012, the difference was only 40,000 more than January 2008. So not much change - except for the way the numbers are massaged.
If one looks at the chart below, labor force (those the denominator of the unemployment rate) shrank by 2 million people from 2010 to 2011.
http://www.bls.gov/cps/cpsaat35.htm
This chart shows that since 2008, there are 10 million more in the total population, and 2 million fewer employed.
http://www.bls.gov/web/empsit/cpseea01.htm
ben is just another progressive actor playing a part.
LLS
They said last week that it would be after the election before California’s numbers would be factored in.
LLS
LLS
Under Bush... when the JOBS CREATED went under 128,000 and jobless claims were about 13,000... WE WERE NOT CREATING ENOUGH JOBS TO KEEP UP WITH IMMIGRATION.
LLS
Ben Stein...too much Hollywood and Washington; not enough Idaho.
Today's numbers sure lend credence to that argument. I trust absolutely NOTHING that emanates from any part of this administration.
What happened to seasonal hiring? We’re coming into the Christmas season.
Candy Crowley has the transcript.
Any country where only half of its recent college graduates can find work is in serious economic trouble.
If the U.S.’s recent-college-graduate-employment figures came out weekly, everyone would be continually reminded that the U.S. is in a depression, even if our liberal MSM refuses to use such a word.
On the other hand, weekly-jobless-claim numbers are meaningless. If more people in a particular country are BEING HIRED than are being laid off week after week, the country’s economy will be in a healthy state of growth; if, on the other hand, more people are BEING LAID OFF than are finding work, the economy will be in a state of decline. Our declining labor-force-participation rate clearly shows we’re in the latter category of decline.
If weekly jobless-claim numbers were published in combination with weekly hiring numbers, we’d get a clear picture of where our economy is going. But with only jobless numbers being reported, we’re always in the dark — as our government apparently wants us to be.
"The prior week's figure was revised up to show 3,000 more applications than previously reported to 342,000."
The pot cooking the books just boiled over.
Yeah the idiot campaigned for Al Franken.
Personally I think he’s “right” in a way. We can’t keep on spending like we are and stealing from our grandchildren.
Our country needs to make a decision. Spend less or tax the hell out of everyone. If we start taxing everyone more productivity will drop and it will be a death spiral until someone wakes up and cuts spending and taxes. Sometimes people need a swift kick in the ass to get them to realize the obvious. Unfortunatley with so many on the dole we need a super size boot to kick them in the ass.
We need to stop stealing from our grand children and pay for the stuff we use today. Welfare, SS, Medicare, Obamacare—we shouldn’t be allowed to borrow one dime to pay for things that don’t benefit the future.
Borrowing should only be done to pay for things that are true investments (like infrastructure or military that has multi-year use).
Make that the cornerstone of the platform. And then the rest will fall inline. Do we tax the middle class to pay for welfare? We need to scare the people out of the entitlement attitude and if that means threatening to raise taxes then let’s scare the entitlement out of them. Let the resentment for the takers of society build and then we can overcome this entitlement mentality.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.