JOKE!
Well then how come no one I know is working and is flat broke?
So in a slow economy, with fewer jobs, and more people opting out of the labor market . . .
Doesn’t it stand to reason that “jobless claims” would fall?
Fewer people working - fewer jobs to lose
Over a quarter of a million people NEWLY filed for unemployment [EACH WEEK!] and they call this ‘good news’.........................
The job numbers are so manipulated as to have no meaning.
‘Oceania has always been at war with East Asia.’
That's one interpretation, and given how the gov't always "adjusts" the figures upward about a week later, my guess is that this is totally bogus. It could also mean that: 1) the Discouraged Worker Hypothesis dominated the period and people just gave up looking for work, which would exclude them from jobless claims, or 2) their unemployment benefits ran out and they can't renew them until certain conditions are met (which can vary by state). Either way, Obozo will take credit for this when he deserves none, given that his policies are 180 degrees out of phase with what needs to be done. Still, you can count on a White House spin on the news. The media, of course, which has the economic IQ of a gnat, will lap is all up like a good lap dogs do.
I take back all the nasty things I’ve said about ‘Bummer in Chief.
Translation: People have run out of unemployment benefits or given up
You can’t believe one thing with this administration; not one.
Always these things are explainable.
To-date the wash has been between the employment rate, and the unemployment rate.
Unemployment was going down, but so was employment. People were moved out of the system entirely, to influence the unemployment rate which is reported. That has been happening now for several years.
I don’t see the employment rate as having received another cut this week.
Maybe they’ve just got a one- or two-week wash between the two metrics?
Anyone else have input on this?
I’m not sure the unemployment rate actually went down yet, but I’m not seeing where the change is.
Thanks.
Magic and voodoo. All it is, people exhausting their benefits.
Look at the U6 unemployment numbers. That’s a better reflection of the labor market and economy in general. Not the BS numbers the gov puts out.
“The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/2 years last week, suggesting the labor market recovery was gaining traction.”
Well then all of those people on welfare will be working any day now...
Yup.
I’d say it looks like the jobs recovery is FINALLY on the way, several years delayed, thanks to O.
What, Bush had LOWER US jobless numbers? No, THAT can't be true!!!!
All this really proves is that the majority of unemployed have fallen off the rolls due to timing out and there just aren’t that many people to fire, oh until the Microsoft terminations kick in.
Wow, they’re finally running out of people to report as unemployed. Good news!