Posted on 02/11/2010 5:36:16 AM PST by The Magical Mischief Tour
WASHINGTON (MarketWatch) - First-time claims for state unemployment benefits fell by the largest amount since July. The number of initial claims in the week ending Feb. 6 fell 43,000 to 440,000. This was a sharper drop than expected.
(Excerpt) Read more at marketwatch.com ...
my thoughts too.
remember how this white house said the GDP rose in the last quarter but it came out it weeks later never rose anything like that and the MSM hardly covered that story and now they;’re in overdrive again.
Lets say Bush was still in the MSM would report this as unemployment goes up , more and more people claiming, nearly a half million.
the MSM have been in love with obama since he came on the scene back at the Dem convention.
Now these figures come out and the MSM says we’re seeing a great improvement, .
The only way the MSM would even report any realy truth to obama is if they saw their own 401k’s gong down quickly and wherre they get affected directly .
Still to them they’re good, they have a house, a job, and decent money coming in so screw the average working class.
Yes remember that class the working blue collar class, the class which has been forgotton.
They say middle class is around 80 grand a year well wife and I don’t make anything like that put together so are we peasant class?
The class which works hard, long hours but do not get freebies and pay taxes but are forgot.
if it were a republican in the white house the MSM would be reporting how the real figures are and not the under 10% are unemployed.
How many times have we heard the MSM report the other millions or the % figures of the country who have lost unemployment , out of work, can’t get a job etc?
NEGATIVE 43,000!! Things are looking up! That’s MUCH better than shedding 500,000 jobs a month. Obama is a genius and a miracle worker. Praise Marx!
and if it were a republican in power the real numbers would be counted and reported by the MSM, but of course this is their lover and they have to spin this as best as they can.
I blame the voters who voted for this idiot for treating the election like it’s American idol and also the voters who voted based on color but I also blame the so called MSM who have not done their job since he came on the scene, it is truly sickening to see them bend over and kiss his toes.
“Those 440,000 other people, whom actually lost their jobs, are just tickled pink!”
Hardly even an equilibrium - which is somewhere in the 200,000s...Also, we’re still sitting at 16.5 to 21.5% seasonally adjusted, non-seasonally adjusted U6 rates or even higher Shadow Government Stats [http://www.shadowstats.com/], discouraged workers...
Yeah, it’s peachy out there...
They’re grasping at any straw to save their straw messiah.
“and if it were a republican in power the real numbers would be counted and reported by the MSM, but of course this is their lover and they have to spin this as best as they can.”
Aint that the truth...hmmmph.
I am a retired Army Col with 2 tours in Iraq under my belt. I would like to see the movie “7 Days in May” rewritten with a different ending. God help our country.
What happens when all the discouraged workers, that they’re no longer counting (??) head back into the market...we’ve a long way out of these woods...thanks obambi.
I don't think so, the press is just as short sighted no matter who is in power.
My son is not unemployed but is working a temp job to get some money. Many people are in the same fix. No benefits and long hours for crap money. There are several business’s taking advantage of this economy to use temporary services
to pay low wages and no benefits. Thanks Obama
Red is red. Let us know when we get into the black and actual unemployment is being reduced.
People running through their benefits and dropping off the rolls doesn't count. I'm in agreement that true unemployment borders 20%.
The "percentages" are the number of people our government pays an unemployment check to every week. Not the number of people that are actually unemployed. Just because the number of people that are receiving a check has fallen it does not mean the number of people that are unemployed has gone down. It simply means that those that have been on unemployment the longest are now falling off the ledgers because they have reached the end of the period of time they are allowed to receive benefits.
On a side note. I find it odd that no one ever mentions the tens of thousands of self employed people that are out of work. I'm talking about all the small businessmen and women that are the backbone of American business. Those people that hire 2, 3, 4 or 5 people at most but that are now out of work themselves. Those people are not eligible for unemployment benefits even though they too are out of work. They are also NOT HIRING.
This country is sooooooo screwed and if something's not done to legally remove the illegal alien from the White House's Oval Office not only is the United States screwed but so too is the rest of the world.
Where are our military officers? Do any of you remember the "OATH" you took?
I, [name], do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; that I take this obligation freely, without any mental reservation or purpose of evasion; and that I will well and faithfully discharge the duties of the office on which I am about to enter. So help me God.Shameful at best if not treasonous to do nothing.
JMHO
If it matters to anyone I do apologize for the errors.
Only 440,000 new unemployment claims! Happy days are here again! Let’s party!
Anyone adding up the total unemployment?
At this rate, there will be no private industry jobs by November of 2012. I wonder what the consequences of that will be.
Thank you for your 2 tours off duty/service to our country...Glad to have you back home. God Bless
I wonder if we are going to get the 13th consecutive monthly upward “revision” in a row, so that the Dems get the headline today, and the footnote next Saturday night giving us the real number.
This will probably have to keep happening for another decade before the stupid press figures it out......that assumes, of course, that they are remotely capable of figuring.
Well, after a while there are not too many folks left to fire.
Typical MarketWatch article.
48-point font for this story.
Next week when they revise the numbers and we see something closer to the truth, it will be in 2-pt font at the bottom of some unrelated page.
DON’T READ MARKETWATCH ARTICLES. JUST READ THE COMMENTS FROM THOSE WHO KNOW WHAT THEY’RE TALKING ABOUT.
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