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Jobless Claims Fell in Latest Week (Hope for a recovery)
Wall Street Journal ^
| 8/6/2009
| Sarah N. Lynch
Posted on 08/06/2009 6:12:19 AM PDT by SeekAndFind
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To: SeekAndFind
So how many of those people went back to work?
2
posted on
08/06/2009 6:14:08 AM PDT
by
cripplecreek
(Seniors, the new shovel ready project under socialized medicine.)
To: SeekAndFind
Jobless claims always drop during long recessions when eligibility for unemployment runs out and when people have been out of work so long they just give up looking for a job.
3
posted on
08/06/2009 6:15:09 AM PDT
by
Iron Munro
(Win the War On Poverty - Stop bringing in foreign reinforcements for the other side.)
To: SeekAndFind
LOL, as the liberals always claimed whenever there was an improvement in unemployment claims, it is because so many people have simply given up looking. The continuing claims number dropped because the benefits for many ran out.
4
posted on
08/06/2009 6:15:26 AM PDT
by
101voodoo
To: SeekAndFind
So this unemployment report’s massively bad numbers aren’t as bad as the previous report’s even more massively bad numbers, and that’s supposed to be encouraging?!
Talk about SPIN!!!
5
posted on
08/06/2009 6:16:21 AM PDT
by
piytar
(Take back the language: Obama axing Chrystler dealers based on political donations is REAL fascism!)
To: SeekAndFind
a return to normalcy I believe this little phrase was popularized by Warren G. Harding -- a failed president with a reputation for running a very corrupt administration. Of course, he was a lightweight compared to Obama.
To: SeekAndFind
on a seasonally adjusted basis ...????..so this holiday season,when traditionally more people lose their jobs is something to really look forward too?
7
posted on
08/06/2009 6:17:37 AM PDT
by
Doogle
(USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
To: SeekAndFind
WOW! We only lost half a MILLION jobs last month....hurray for us </sarc>
To: rightwingextremist1776
I remember when unemployment was at 6% and the DJIA was at 14,000 — that was the worst economy since Hoover! We’re so much better off now ... [/s]
To: SeekAndFind
There’s fewer people to lay off!!!
10
posted on
08/06/2009 6:22:37 AM PDT
by
arichtaxpayer
(52% of our country is stupid.)
To: SeekAndFind
on a seasonally adjusted basisMark Twain wrote that he knew of a man who drowned while crossing a river that "averaged" only one inch deep.
11
posted on
08/06/2009 6:22:52 AM PDT
by
Oatka
("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
To: SeekAndFind
New claims are falling because there are fewer people in the workforce available to be laid off. In the meantime, new jobs are not being created in any significant numbers. Many people fail to realize that the jobs that have been lost are never coming back. When new jobs are created, they will come from entrepreneurs and small businesses, not from global corporations, which continue to reduce US employment and expand operations overseas. Unfortunately, the new job creators are the very ones slated for punitive taxation by the Obama Administration, which hates private employment anyway, and would prefer a large workforce of unionized government employees.
12
posted on
08/06/2009 6:25:32 AM PDT
by
andy58-in-nh
(It's what people know about themselves inside that makes them afraid.)
To: rightwingextremist1776
WOW! We only lost half a MILLION jobs last month....hurray for us
The news pundits tell us it was LESS-THAN-EXPECTED. If you had cancer and it was diagnosed as staged 2 instead of stage 3 or 4, I guess that's better news. We are clutching at straws.
To: 101voodoo
The continuing claims number dropped because the benefits for many ran out.
I for one know several people I know who used to work in Wall Street who are now working at Target and Wal-Mart for a little above minimum wage because their benefits have run out and they haven't found anything close to what they used to have.
I guess you can call that finding employment. It's better than starving.
To: SeekAndFind
This is going to be a seriously blue Christmas. The autoworkers laid off here in Michigan are going to start losing their unemployment in droves.
Will we hear the truth about Obama’s economy then?
15
posted on
08/06/2009 6:39:31 AM PDT
by
Kieri
(The Conservatrarian)
To: SeekAndFind
So the economy is getting better because slightly fewer than expected people filed for unemployment benefits. I wonder if economists purposefully overstate the number of people they expect to file to give us the hope half of hope and change.
i have learned the economists predictions are usually 20% too high to 40% too low.
To: SeekAndFind
Initial claims for jobless benefits fell by 38,000 to 550,000 on a seasonally adjusted basis in the week ended Aug. 1, the Labor Department said in its weekly report Thursday. The four-week average of new claims, which aims to smooth volatility in the data, fell by 4,750 to 555,250, the lowest level since Jan. 24. So, we have averaged 550,000 lost jobs per week all year, and the latest week was 555,250? No improvement should be claimed there because with all these lost jobs, the total number of employed keeps dropping, but the weekly lost job stays at 550,000 of a now smaller number of total people working. Actually, we are probably losing a bigger percentage of total jobs each week than earlier in the year.
The employment picture is getting a little worse each week, and we'll have proof if the total unemployment percentage increases once again.
17
posted on
08/06/2009 6:47:08 AM PDT
by
Will88
To: Iron Munro
NY is now offering a third round of unemployment benefits. After all, Mayor Bloomers wants to be re-elected.
NJ offers two rounds. One paid for by the state, the second by the feds.
18
posted on
08/06/2009 6:47:12 AM PDT
by
Carley
(OBAMA IS A MALEVOLENT FORCE IN THE WORLD)
To: SeekAndFind
“On Thursday, an analyst with the Labor Department called the latest data on jobless claims “fairly uneventful.””
This comment tells the whole story, these Labor Department analysts see the raw data before anyone else, before any adjustments, they know, and according to this analyst there is literally nothing changed and nothing new in this report, it ‘s still bad.
19
posted on
08/06/2009 6:54:23 AM PDT
by
moose2004
(Stand up, speak out and stop Obamacare and GE)
To: arichtaxpayer
Which is precisely why things are actually getting worse!
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