Skip to comments.
New Jobless Claims Rise in Latest Week
Reuters via ABC ^
| October 14, 2010
| Corbett B. Daly
Posted on 10/14/2010 6:02:25 AM PDT by 1rudeboy
WASHINGTON (Reuters) - The number of people filing new claims for unemployment insurance rose to a higher-than-expected 462,000 in the latest week, the Labor Department said on Thursday, while the number of people still collecting jobless benefits fell to an almost two-year low.
First-time jobless claims rose 13,000 in the week ended October 9 from the prior week's upwardly revised 449,000 seasonally adjusted claims. The four-week average of first-time jobless benefits, which economists prefer because it smoothes out weekly fluctuations, rose 2,250 to 459,000.
Economists polled by Reuters had expected about initial 445,000 claims in the latest week.
(Excerpt) Read more at abcnews.go.com ...
TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: democrats; fail; failure; hoaxandchains; jobless; obabmanomics; recoverybummer; socialism; soros; unemployment; unexpected; wealthdestruction
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-60, 61-80, 81 next last
To: 1rudeboy
Unexpected-O’s for breakfast, AGAIN!
21
posted on
10/14/2010 6:15:58 AM PDT
by
GeronL
(http://libertyfic.proboards.com <--- My Fiction/ Science Fiction Board)
To: Roccus
They get revised more than once. Last year in total was off by only 902,000 for instance, thats how far underreported the job losses were.
22
posted on
10/14/2010 6:18:56 AM PDT
by
GeronL
(http://libertyfic.proboards.com <--- My Fiction/ Science Fiction Board)
To: 1rudeboy
What's really a pizzer is that in spite of the nearly two million
unexpected first time jobless claims that have been filed during the past four weeks, the unemployment rate will hang in there at 9.5%.
Who'd a thunk it?
23
posted on
10/14/2010 6:20:28 AM PDT
by
skimbell
To: cranked
That was a
"Biden Joke"...admittedly not well told...
BIDEN: John's last-minute economic plan does nothing to tackle the number-one job facing the middle class, and it happens to be, as Barack says, a three-letter word: jobs, j-o-b-s, jobs.
To: GeronL
Yup, but I’d be happy with just the weeklies.
25
posted on
10/14/2010 6:21:37 AM PDT
by
Roccus
(......and then there were none.)
To: 1rudeboy
Obama: Stick with me... we’re not where we want to be yet!
Not even close idiot.
To: mmichaels1970
Biden, as par, is a day late and a dollar short....Pelosi was all over the “jobs” bit remember.....her famous four words were (cause she could not count and missed the ‘and’): “Jobs, jobs, jobs, and jobs!”
27
posted on
10/14/2010 6:23:09 AM PDT
by
cranked
To: nascarnation
I haven’t even finished my coffee yet! It’s way to early to start drinking...
28
posted on
10/14/2010 6:26:06 AM PDT
by
henkster
(A broken government does not merit full faith and credit.)
To: 1rudeboy
unemployment insurance rose to a higher-than-expected 462,000 in the latest week
NOoooooooooooo!
29
posted on
10/14/2010 6:32:12 AM PDT
by
griswold3
('Regulation and law without enforcement is no law at all)
To: Carley
We went from 780,000 jobs lost the last MONTH of the Bush administration to TWO MILLION jobs lost each month during the Obamao administration.New jobless claims is not the same as net jobs lost.
30
posted on
10/14/2010 6:36:47 AM PDT
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: 1rudeboy
"UNEXPECTED" Everyone drink!
31
posted on
10/14/2010 6:37:17 AM PDT
by
massmike
(...So this is what happens when OJ's jury elects the president....)
To: 1rudeboy
I see they buried the real story again: last week's unemployment numbers (the ones used to goose the stock market into paroxysms of joy) were once again revised upward - this time from 445,000 to 449,000. That makes 24 out of the past 25 weeks that the previous week's jobless claim numbers have been revised upward instead of downward by the Department of Labor. Anyone want to calculate what the odds are assuming an equal chance of either outcome or of no change? Hint: there are a lot of zeroes involved.
32
posted on
10/14/2010 6:37:34 AM PDT
by
andy58-in-nh
(America does not need to be organized: it needs to be liberated.)
To: 1rudeboy
33
posted on
10/14/2010 6:38:27 AM PDT
by
Talf
34
posted on
10/14/2010 6:40:16 AM PDT
by
Canedawg
(Tricks and treachery are the practice of fools that have not wit to be honest.- Poor Richard's Alm.)
To: Lazamataz
I unexpectedly loved the unexpected inclusion of ‘ceremoniously’.
35
posted on
10/14/2010 6:40:52 AM PDT
by
libertarian27
(Ingsoc: Department of Life, Department of Liberty, Department of Happiness)
To: sfimom
Your reply, however, was in line with expectations. ;)
To: 1rudeboy
37
posted on
10/14/2010 6:44:04 AM PDT
by
Personal Responsibility
("In a time of universal deceit, telling the truth is a revolutionary act" - Orwell)
To: massmike
Tequila Suicide. [YouTube]
Professional drinker, closed room. Always drink responsibly.
38
posted on
10/14/2010 6:46:08 AM PDT
by
1rudeboy
To: Lazamataz
Unexpectedly, that was unexpectedly brilliant!
39
posted on
10/14/2010 6:46:08 AM PDT
by
Personal Responsibility
("In a time of universal deceit, telling the truth is a revolutionary act" - Orwell)
To: 1rudeboy
I have been looking at this weekly initial jobless claims numbers from 2008 and I notice a few things :
1) It has NOT dropped below 450,000 for the past 15 months.
2) The initial jobless claims are often REVISED a week later, and NEVER DOWNWARDS.
We will know that a small corner has been turned only if we see those numbers drop below 400,000 and any weekly revisions are DOWNWARDS but not until.
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-60, 61-80, 81 next last
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.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson