Posted on 04/20/2017 8:46:55 AM PDT by SeekAndFind
New applications for unemployment insurance rose to 244,00 in the second week of April, the Department of Labor reported Thursday, up from an ultra-low 234,000 the week before.
Investors had expected jobless claims to rebound to around 242,000 after falling to the second-lowest level since 1973 in the previous week.
Thanks in part to new claims running low for so long, the total number of people receiving benefits of all durations fell to the lowest level in 17 years.
Just 1.98 million people received benefits in the first week of April, according to Thursday's report, the lowest such number since April of 2000, during the dotcom bubble.
Markets and the Federal Reserve see low claims as a good sign for the economy. Fewer claims mean that fewer people are showing up to state agencies to collect unemployment benefits, suggesting that layoffs are scarce.
The strong jobless claims numbers in recent weeks have boosted expectations for growth this year, and for the Fed to continuing raising interest rates.
While the falling total number of people receiving benefits is also good news, it is more of a mixed bag. Benefits are now available for up to 26 weeks in most states.
But many people currently have been out of work for longer than that. In March, there were 1.7 million people who had been unemployed for 27 weeks or longer, acording to the Bureau of Labor Statistics. In comparison, there were just 600 million such long-term unemployed in April of 2000, meaning that the total continuing claims numbers don't capture the full reality of today's unemployment.
(Excerpt) Read more at washingtonexaminer.com ...
95,000,000 out of the workforce...any other number is just BS spin...
Because if you ain’t workin’, you ain’t payin’ in so you can’t collect!
I think the key is not to see how many are off unemployment, etc. but to inspect other things like the percentage of workforce eligible actually working.
If this isn’t reconciled simply aging 15 years could have pushed a significant part onto Social Security or found a longer term SSI subsidy.
Minus 10 million college and graduate students, minus 40 million stay-at-home moms, minus 10 million early retirees....
Because their benefits have (mostly) run out and they’ll have to work 13 weeks or whatever their state requires to start them up again. And the rest because they’ve got work .
Unemployment is funded by both Federal Unemployment Taxes (FUTA) and State Unemployment Taxes (SUTA) paid by the employer per employee on their payroll.........
Clintonomics was good for the country.
Or after the Republic Congressional win in 1994 there were fewer big programs and "help" from government. Gridlock is good when the alternative is Democratic Party control. Stop increasing government spending and let the natural growth of the economy reduce the deficit. Less borrowing by the government means lower interest rates for everyone else yields even more growth.
35,000 coal jobs
35,000 coal jobs ain’t spin
I am considered out of the work force. Recovering from a workers comp injury
I have been out of the workforce since July...advanced degrees from nationally recognized universities...in engineering. A resume that is impressive.... I have had my resume worked and reworked by pros...I have impeccable references from former bosses.... NADA, ZIP, ZILCH, ZERO results.
I have answer hundreds of job postings, some as an almost perfect match.... I live in a major metropolitan area and I have had EXACTLY one interview and I was deemed to be more senior then they were looking for.... I’m even looking at positions making 1/3 to 2/3 of former salaries.... Every single technical recruiter I have talked with said that senior high level technical folks are almost impossible to place. Folks want engineering PhDs for $60K or $30/hr (or less) consultants.
Well that may be what you have to do for a while. I went through dumbing down my resume and looked for interesting work..
If you do not have a job, you cannot collect. Once your claim runs out, there’s nothing left to collect unless you work again and pay the unemployment tax. You have to have earned wages to be able to collect.
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