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U.S. Weekly Jobless Claims Unexpectedly Rise To 372,000
RTT News ^ | 23 Aug 12 | Rtt Staff Writer

Posted on 08/23/2012 6:06:15 AM PDT by xzins

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To: In Maryland

You got me there!


81 posted on 08/23/2012 10:13:56 AM PDT by Mouton (Voting is an opiate of the electorate. Nothing changes no matter who wins..)
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To: fhayek

Good point about timing and different levels in different economies. As a point of reference in 1984 we averaged 374K. Got down below 300K for a period in 1988 (averaged 309K for the year). The rate of decline back to this level was much faster post 81-82 recession. Point is that we are pretty much in a “normal” range if not slightly above. The funny thing is that GDP growth in the 80’s during that period was 5%+ and today it’s sub 2% and job growth now is very anemic (~100,000/month).


82 posted on 08/23/2012 10:28:31 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: xzins
IOW, just LAST WEEK 372,000 poor souls lost jobs with NO replacement job, so they had to file for unemployment benefits.

And those without unemployment benefits are looking for a bridge to jump from as they burn through savings trying to figure out how to pay for high gas prices to fruitlessly look for work, yet still eating and keep a roof over their heads.,p. Obama's legacy: Hope you have some Change left when he's finally out of office!

83 posted on 08/23/2012 10:29:50 AM PDT by newzjunkey (Election night is 74 days away.)
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To: Hoosier Catholic Momma

Don’t put cream and sugar in it.


84 posted on 08/23/2012 10:40:00 AM PDT by arrogantsob (Obama MUST Go. Sarah herself supports Romney.)
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To: Ravi

Inflation is a general rise in prices not just this or that sector. With housing and construction on the floor being delivered Last Rites there is no inflation.


85 posted on 08/23/2012 10:42:00 AM PDT by arrogantsob (Obama MUST Go. Sarah herself supports Romney.)
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To: bert

There will never be another metallic standard. It did not work in the past and won’t work now. Nations involved in war went off the gold standard quickly and did not resume convertibility for decades.

Nor is there any inflation at present or deliberate generation of inflation.

Few people understand either the Gold Standard or the current monetary system. But that does not stop them prescribing solutions to problems which are not there.


86 posted on 08/23/2012 10:46:48 AM PDT by arrogantsob (Obama MUST Go. Sarah herself supports Romney.)
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87 posted on 08/23/2012 10:55:08 AM PDT by RedMDer (https://support.woundedwarriorproject.org/default.aspx?tsid=93destr)
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To: manc

Of course not...don’t want to do ANYTHING to make the Dear Leader look bad, eh?

Remember the daily stories of our war dear coming back here, usually to Dover AFB in DE? No more of those stories either.


88 posted on 08/23/2012 11:07:07 AM PDT by GOPsterinMA (The Glove don't fit.)
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To: JLAGRAYFOX

About 1 1/2 weeks ago my wife paid about $3.78 for regular gas.

About 3 days ago I paid $4.19 for mid grade. I saw another gas station advertising $4.49 for regular. It’s getting crazy. Oh, I live near the coast in the lib state of Washington.


89 posted on 08/23/2012 11:25:36 AM PDT by Gator113 (I would have voted for NEWT, now it's Ryan and the other guy.~Just livin' life, my way~)
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To: xzins

Can we get some names as to who these perenially wrong doofuses are? It takes a lot of brass to first admit you were wrong last week and then simultaneously admit you are wrong right now———and expect to be credible. But I’ll bet they are absolute geniuses at putting their next budget/pay scale together? There oughta be a penalty for being wrong 52 out of 52 (weeks)——


90 posted on 08/23/2012 11:27:37 AM PDT by cherokee1 (skip the names---just kick the buttz)
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To: arrogantsob

You do realize that you just contradicted yourself within the same post?


91 posted on 08/23/2012 11:32:58 AM PDT by fhayek
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To: xzins
Is it really unexpected though? The economy's still bad and we can see that.
92 posted on 08/23/2012 12:10:53 PM PDT by mcleodglen
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To: xzins
Meet the Press has started a scam for dems... They're going to be showing (weekly) a few monthly charts on how things are going... my guess is dems are damping down numbers so they can lift them 6 weeks before the election ... a time when the sheep start paying attention.

We should place bets on how high the fake numbers will be so 'Meet the Suck-ups in the Press' can't shill for Obama without becoming a laughing stock.

I remember when NBC had dignity.

93 posted on 08/23/2012 2:10:19 PM PDT by GOPJ (Politics is war without bloodshed, and war is politics with bloodshed. - Mao Tse Tung. We're at war)
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To: xzins

BTTT


94 posted on 08/23/2012 3:59:52 PM PDT by ChildOfThe60s (If you can remember the 60s....you weren't really there)
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To: xzins

“came as a surprise to economists”

Wonder if any of these guys feel guilty for drawing a paycheck?


95 posted on 08/23/2012 4:45:35 PM PDT by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: GOPJ

Let them start with this. And the lie that 375,000 or less is where things ‘get better’. For whom?

March 15: Reported - 351,000, Revised - 353,000
March 22: Reported - 348,000, Revised - 364,000 Reported - down, Actual - up
March 29: Reported - 359,000, Revised - 363,000 Reported - down, Actual - down
April 05: Reported - 357,000, Revised - 367,000 Reported - down, Actual - up
April 12: Reported - 380,000, Revised - 388,000 Reported - up, Actual - up
April 19: Reported - 386,000, Revised - 389,000 Reported - down, Actual - up
April 26: Reported - 388,000, Revised - 392,000 Reported - down, Actual - up
May 03: Reported - 365,000, Revised - 368,000 Reported - down, Actual - down
May 10: Reported - 367,000, Revised - 370,000 Reported - down, Actual - up
May 17: Reported - 370,000, Revised - 372,000 Reported - no chg, Actual - up
May 24: Reported - 370,000, Revised - 373,000 Reported - down, Actual - up
May 31: Reported - 383,000, Revised - 389,000 Reported - up, Actual - up
June 07: Reported - 377,000, Revised - 380,000 Reported - down, Actual - down
June 14: Reported - 386,000, Revised - 389,000 Reported - up, Actual - up
June 21: Reported - 387,000, Revised - 392,000, Reported - down, Actual - up
June 28: Reported - 386,000, Revised - 388,000, Reported - down, Actual - down
July 05: Reported - 374,000, Revised - 376,000, Reported - down, Actual - down
July 12: Reported - 350,000, Revised - 352,000, Reported - down, Actual - down
July 19: Reported - 386,000, Revised - 388,000, Reported - up, Actual - up
July 26: Reported - 353,000, Revised - 357,000, Reported - down, Actual - down
August 2: Reported - 365,000, Revised - 367,000, Reported - up, Actual - up
August 9: Reported - 361,000, Revised - 364,000, Reported down, Actual - down
August 16: Reported - 366,000. Revised - 368.000. Reported up 2000, Actual -up 4000
August 23: Reported - 372,000.


96 posted on 08/23/2012 6:35:05 PM PDT by bluecat6 ( "A non-denial denial. They doubt our heritage, but they don't say the story is not accurate.")
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To: GOPJ

I was ASTOUNDED to see this in the NYT.

Honestly ASTOUNDED.

http://economix.blogs.nytimes.com/2012/08/23/big-income-losses-for-those-near-retirement/?hp


97 posted on 08/23/2012 6:43:13 PM PDT by nascarnation
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To: nascarnation

Like you I was overwhelmed with amazement... or maybe mildly impressed. Either way it was a nice piece - good balance of facts and analysis. When the New York Times wants to do it right, they do...


98 posted on 08/23/2012 7:11:39 PM PDT by GOPJ (Politics is war without bloodshed, and war is politics with bloodshed. - Mao Tse Tung. We're at war)
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To: Fully Awake DAV

“...over the past 3.5 years on average 1.8 million folks every month have applied for first time unemployment insurance compensation. This compared to the number jobs created per month, does not equal 8.3%.”

Now stop it silly!!Yur doon’ the maths....thats not allowed...


99 posted on 08/23/2012 7:19:21 PM PDT by mo (If you understand, no explanation is needed. If you don't understand, no explanation is possible.)
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To: nascarnation

“I was ASTOUNDED to see this in the NYT....”

they’re celebratin’ the prospect in the editorial room at the NYT....


100 posted on 08/23/2012 7:21:18 PM PDT by mo (If you understand, no explanation is needed. If you don't understand, no explanation is possible.)
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