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Jobless Claims Drop UNEXPECTEDLY to 514,000
Fox News ^ | 10/15/09 | Unknown

Posted on 10/15/2009 6:13:56 AM PDT by Blood of Tyrants

WASHINGTON -- The number of newly laid-off workers filing claims for unemployment insurance has fallen to the lowest level since early January, a sign the labor market is slowly improving.

The Labor Department said Thursday that first-time claims for jobless benefits dropped to a seasonally-adjusted 514,000 from an upwardly revised 524,000 the previous week. The fifth decline in six weeks was below Wall Street economists' forecasts of 525,000, according to Thomson Reuters.

The four-week average, which smooths fluctuations, fell for the sixth straight time to 531,500.

Economists closely watch initial claims, which are considered a measure of layoffs and the willingness of companies to add jobs.

(Excerpt) Read more at foxnews.com ...


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: bhoeconomy; economy; fools; incompetence; joblessclaims; obama; unemployment; unexpected
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To: Blood of Tyrants; All
"...a sign the labor market is slowly improving."

Whatever. It's not IMPROVING. The first wave of hemorrhaging may have slowed, but we're still bleeding to death.

121 posted on 10/15/2009 10:18:07 AM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Blood of Tyrants

At this better than expected rate of job loss, there will be nobody working in entire country in a little over 3 1/2 years.


122 posted on 10/15/2009 10:19:07 AM PDT by kamikaze2000
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To: Red in Blue PA

Prayers up for you and your family. Let us know if we can do anything to help, short of sending money of course, because none of us have any...and the Bush Tax Cuts haven’t even expired yet, LOL!


123 posted on 10/15/2009 10:26:41 AM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Diana in Wisconsin

Thank you.

My severance package gave me a nice cushion to help soften the blow. Hopefully the FT jobs will come back. Right now, there are few FT jobs with benefits......most are PT.


124 posted on 10/15/2009 10:28:17 AM PDT by Red in Blue PA (Obama, Hitler, Stalin: Who are 3 people nominated for the Nobel Peace Prize.)
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To: Thermalseeker

125 posted on 10/15/2009 10:29:05 AM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Red in Blue PA

*SIGH* My son got laid off yesterday from TDS, a local cable/internet company. He sort of saw it coming, but it still hurts and sets him back as far as finishing college on time, etc.

Anyhow, my husband is an IT Guru and has his own business which is doing well because while people aren’t buying new systems, they’re VERY interested in making the most of what they already own...and he makes better money on service versus sales. Sonny can work for Dad for a while to tide him over.

Am I a Bad Mom for hoping he doesn’t want to move back home? I really love my Sewing Room which was his old bedroom, LOL!


126 posted on 10/15/2009 10:32:55 AM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Diana in Wisconsin

Sorry to hear about your son....seems as though everyone knows someone (or many!) who have been laid off.

And yet all we hear is how the economy is improving.


127 posted on 10/15/2009 10:35:23 AM PDT by Red in Blue PA (Obama, Hitler, Stalin: Who are 3 people nominated for the Nobel Peace Prize.)
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To: PatriotGirl827

It is getting worse, but the good news is that it is getting worse slower than expected.


128 posted on 10/15/2009 10:35:45 AM PDT by Blood of Tyrants (The Second Amendment. Don't MAKE me use it.)
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To: Red in Blue PA

We’re laying off a bunch of seasonal workers at the garden center next week. They knew it was seasonal work, but a few haven’t seemed to make any plans beyond next week. None of them want to sell Christmas Trees for me, though it has been offered. (I’m going to ask my son if he wants some hourly cash and tips, so that’s a little something for him.)

We can’t afford to keep them, nor could we justify the cost for our v-e-r-y s-l-o-w winter months. Four people a day and a cashier can run our shop for the months of January and February and most of March.

Wanna come sell Christmas Trees for me? It’s actually pretty much fun. We keep a bonfire going and sometimes slip a little schnaaps into our hot cocoa. ;)


129 posted on 10/15/2009 10:39:57 AM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Thermalseeker

Ah well, excellent point.

Of course, I also wasn’t referring to somebody that switches jobs within the same company etc. I would be willing to do that, just not do the same exact thing for 20 years.

Most young people today don’t want to either.

But, working for your own company....that’s different. You’re the boss.


130 posted on 10/15/2009 10:40:42 AM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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To: Blood of Tyrants

It is the economists who are incompetent. Their models of the macroeconomics of the economy are simply broken, and they refuse to admit it.

I’m not saying that this administration is competent, BTW - just that the “expectation” was on the part of economists (within and outside the administration), not political hacks.


131 posted on 10/15/2009 10:48:32 AM PDT by NVDave
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To: Blood of Tyrants

Because in 08 he had to file,he used up all of that . Then thankfully he returned to work in January. So we thought we were covered when he did his 6 mos. Evidently that was not long enough and he had to wait until October to qualify again.

This year is not as bad. We saved a good bit of our tax return and were able to coast until now.


132 posted on 10/15/2009 10:50:39 AM PDT by linn37 ( "The problem with socialism is that you eventually run out of other peoples money.)
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To: Blood of Tyrants

re: a sign the labor market is slowly improving

No it’s not. It’s a sign that it’s not worsening as fast as it was. Lack of worsening is not, by definition, improving.

And besides that, it’s an editorial comment and has no place in a news article.

Like another poster said, get back to me when jobs are being added!


133 posted on 10/15/2009 10:58:20 AM PDT by jwparkerjr (God Bless America, and wake us up while you're about it!)
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To: Blood of Tyrants
There's that word again, unexpectedly. Last week when the number of new jobless claims rose, it was unexpected. This week when the number of jobless claims fell, it, too, is "unexpected".

More unexpected job loss ... blah blah blah ... heard this 2 weeks ago ...

But regardless ... it still equals jobs being lost and not replaced ... This has become EXPECTED from the idiot politicians in the country... And the real Unemployment rate including part time workers is way higher ... [BEGIN RANTING AND RAVING]

And this is the reason why the government is paying so much unemployment ... When the # of jobs continues to decrease without adding additional jobs ... people have no where to work ...

So tell me why again is "Don't Ask Don’t Tell" or "Health Care Reform" more important than getting people to work again.

Priorities... [/END RANTING AND RAVING]

134 posted on 10/15/2009 10:59:19 AM PDT by 08bil98z24 (The WOD is unconstitutional ------>>> NObama)
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To: Diana in Wisconsin

I would SO do that Diana, but Wisconsin is a bit too far from S Florida to commute LOL! I love schnapps ;)


135 posted on 10/15/2009 11:07:51 AM PDT by wombtotomb
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To: wombtotomb

You probably don’t have enough warm clothes to make it through our winter either, LOL!


136 posted on 10/15/2009 11:11:39 AM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Diana in Wisconsin

I did a winter in MI, and grew up in NJ, so cold is no stranger ( I really miss it actually). But, you are right, I left my coat on the other side of the mason dixon line LOL.


137 posted on 10/15/2009 11:17:29 AM PDT by wombtotomb
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To: Blood of Tyrants
10% UNEMPLOYMENT (U-3) HERE WE COME!

HAPPY DAYS ARE HERE AGAIN - Champagne corks fly!

138 posted on 10/15/2009 11:31:50 AM PDT by frogjerk (Obama Administration: Security thru Absurdity)
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To: SirFishalot

That was my thought, too.


139 posted on 10/15/2009 12:05:17 PM PDT by keats5 (Not all of us are hypnotized.)
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To: No Truce With Kings

Well the labor pool expectedly has been going down so the ratio must be worse than unexpected. The expected the expectations to be better.


140 posted on 10/15/2009 12:06:50 PM PDT by screaminsunshine (!!)
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