Posted on 07/26/2018 7:25:51 AM PDT by caww
New applications for unemployment insurance benefits rose 9,000 to 217,000 in the third week of July, the Department of Labor reported Thursday....Low claims are good sign. If few people are showing up at state unemployment agencies, it suggests that layoffs are rare and job creation is strong.
Thursday's report was right in line with forecasters' expectations for claims to rise slightly after hitting the lost levels since 1969 the week before.
Even with the modest increase, average weekly claims have run near the lowest levels in a half century over the past month.
(Excerpt) Read more at washingtonexaminer.com ...
Notice that ABCNNBCBS never reports any of this on their nightly news shows or morning news shows..................
This must be because people are working 2, 3 and 4 jobs just to survive. /s
CRUMBS!!!
This helps in several ways.
More working equal more taxes
More working equal more money spent into the economy
More working equal more (but not all) getting health insurance
More working less unemployment benefits paid
and so on.
PDJT has quickly turned around the Obama effort to make as many dependent on government handouts as possible. The more people working the worse off the progs are. Winning!
Just wait until tomorrow when the networks see a 4+ GDP print. They will barely mention it, if at all.
They will ignore it as fast as they can..................
More working less need for Democrats.......................
Hahaha, has the Fraud started whining, “Trump gets all the credit for my work” yet?
Which explains why they are all going insane now. ;)
That, plus ‘other things’.......................
They will call it “alleged”, or preface it with “SOME analysts say...”
They won't call it anything.
If a story or factoid benefits Trump in any way, it will simply and purposely not be reported.
That's not an opinion, it's an unarguable fact. Plus, with all the "important" news like Stormy, Cohen, Melanie's dress and Russian collusion to report, where would the MSM find the space?
I think we all have been missing something in the government reports of initial jobless claims, and what they mean in terms of the overall workforce.
The figures reported have always been the whole numbers of claims, initial or otherwise.
But not reported ever over the years has been what those numbers represent compared to the overall labor force at the time.
My point?
209,000 initial jobless claims today, in 2018, represents a very much smaller percentage of the total overall labor force in 2018, than it did in the labor force 48 years ago.
By reporting just the whole numbers all the time, that reporting has failed to report when, and how much unemployment data is dropping as a share of the total labor force. I think that failure has made unemployment data a hotter topic than it was truly, if compared against the total labor force historically.
I have the initial unemployment claims data back to 1967.
I wrote a contact at the BLS for the raw numbers of perssons counted in the “Labor Participation Rate” number, for as far back as they can give it to me.
I will share on this thread a snapshot of the results from comparing unemployment claims against the size of the labor force.
They will call it “alleged”, or preface it with “SOME analysts say...”
****************
Imagine how many times we hear reporting based on unidentified sources? There’s a ton of fake, misleading and agenda driven news out there.
It is good to see Obamas economic policies finally start to work after only 9 and a half years
Tomorrow there will be two major stories. The GDP figure which will boost the market and then a Michael Cohen tape. Guess which one the MSM will report on?
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