Just white noise...no need to get in a tizzy over a few thousand lost jobs. Supposedly there is enough great jobs to go around for everybody.
How many trace to Criminaliens who got work permits, started to work, but lost their job?
Uh-oh. I guess we can expect a rash of acts of violence to be perpetrated against random folks by vicious violent zealot extremist poopy-heads.
Next week they can add 1 more.
And the oil bust has just begun to be felt in the oil/gas producing states that have been the only bright spot in this lousy economy for the past six years. The unemployment numbers will be worse next month, if the price per barrel doesn’t improve dramatically.
Anyone who watches the economy couldn't have been surprised by this rise. There's no way that the 300,000 level is in the rear view mirror; we're going to continue to periodically re-visit this number going forward.
There are lots of reasons to be concerned about the anemic level of economic activity in this country, and around the world for that matter. Central planning may work in the short run, but it fails in the long term.
At best the recovery meme touted in the media is an exaggeration. At worst, its outright propaganda.
I applied for 3 jobs paying 80K apiece and got hired on the spot for each with a signing bonus!
Said no one ever.
I passed no fewer than SIX retail stores this morning with Help Wanted signs out (including an Aldi store that was touting a starting wage of $12.50 per hour).
My read....they are all rushing to cut back hours due to Obamacare, and thus have massive holes to fill in their schedules.
Correct me if I am wrong but don’t these numbers come on a 4 day week. Monday, the 16th, was President’s Day.
Shouldn’t it be “U S Weekly Potential Jihadi Recruit Numbers Rise Unexpectedly”?
“Meanwhile, the report said continuing claims, a reading on the number of people receiving ongoing unemployment assistance, fell to 2.401 million in the week ended February 14th from the preceding week’s revised level of 2.422 million.
The four-week moving average of continuing claims still rose to 2,399,000, an increase of 1,750 from the previous week’s revised average of 2,397,250.”
Although, they emphasize the first time claims, this is the more important data point. It would be interesting to know at what end people are leaving the unemloyment roles, ie. those getting UI for just a couple of weeks vs those who have maxed out their benefits.
As to the second sentence, I was have drafted it as a statistically same numbers, not an increase. 1,750 is a rounding error.