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To: Milton Miteybad
Unfortunately, new initial claims for unemployment were running about 275,000 per week in October, or 1,100,000 for the entire month. In other words, the Obama economy is lost 825,000 jobs more than it gained in October, 2014.

You can't possibly be serious. Either that, or you know less than nothing about the U.S. labor market and labor statistics. More likely both.

In the last year or so, every month about 3.4 million people are hired. And about 3.2 million people quit, retire or are fired. Otherwise known as "separations" by BLS.

There's the roughly 200K of net new jobs each month.

Of the 3.2 million separations, about 1.3 million file new claims for unemployment in any given month. About 300K/week.

The rest quit to take a new job, retired or don't bother filing a UC claim because they know they are disqualified (fired for cause) from receiving benefits for many weeks.

While President Chickenshit's economy stinks, it would stink a lot worse if Republicans hadn't won in 2010 and put a stop to his nonsense. This year's election plugs up more holes.

We're actually doing reasonably well thanks to 2010 -- although it could be a LOT better -- but we are growing at about 2%/year. The U.S. economy can withstand almost anything, even a blithering, narcissistic moron in the White House who knows nothing about economics and will never admit that he's made a single mistake in his entire life.

Much better days come when jug-ears is finally gone.

Meanwhile, weekly UC claims have absolutely nothing to do with monthly net employment figures. Contrary to the goofy rubbish spouted by you and many others on this and other threads.

56 posted on 11/07/2014 10:16:02 AM PST by AntiScumbag
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To: AntiScumbag

Well done sir. Well done.


58 posted on 11/07/2014 11:07:14 AM PST by Wyatt's Torch
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