Posted on 10/15/2009 6:13:56 AM PDT by Blood of Tyrants
WASHINGTON -- The number of newly laid-off workers filing claims for unemployment insurance has fallen to the lowest level since early January, a sign the labor market is slowly improving.
The Labor Department said Thursday that first-time claims for jobless benefits dropped to a seasonally-adjusted 514,000 from an upwardly revised 524,000 the previous week. The fifth decline in six weeks was below Wall Street economists' forecasts of 525,000, according to Thomson Reuters.
The four-week average, which smooths fluctuations, fell for the sixth straight time to 531,500.
Economists closely watch initial claims, which are considered a measure of layoffs and the willingness of companies to add jobs.
(Excerpt) Read more at foxnews.com ...
Weathermen are occasionally right.
I’m no fan of GWB but I do remember when unemployment was around 4.5, Nancy and her crew were screaming that these were not “the right kind” of jobs.
What?
Yep. It says to me that people really need to develop marketable job skills because the days of landing a job at the local widget factory, putting in your 20 and retiring are over, probably for good. Our gubmint has made it ridiculously difficult to do business in this country and compete globally thanks to excessive taxes and regulation. If this health care boondoggle passes I expect a lot more to move off shore. I still see a lot of companies are hiring engineers and other highly skilled people, though....
“The right kind” of jobs are politically correct, “green”, GOVERNMENT UNION jobs.
How are they going to spin the layoffs in December. Traditionally, companies lay off at that time of the year as a nice little Christmas present.
Landscaping?
Ain't it, though? She actually stood there with a straight face in a state that is, for all intent and purposes in a depression, and said this as if everyone should be impressed. As Rush commented, we should be creating 42,000 jobs A DAY in this country.....not spread out over 11 years!
What would be unexpected is new jobs being created and unemployment actually going down instead of up.
He truly is Urkel, “Did I do that?”
AFAIK over 300k is bad.
Except their predicitions never come before the actual numbers are released. Always after the fact, always “better than expected” (before the inevitable worse than reported revisions). Never will you see these predicitions or estimates released before the data comes out.
I work at a livestock auction, it is hard to get people who only work around 8 to 12 hrs a week, people are coming in in droves.
I thought she said eleven jobs over the next forty-two thousand years!
I'd be surprised if they could talk any new business into moving to Michigan. That goes for New York, Illinois, California and Massachusetts, too.
He might have learned that his communist theories SUCK.
But if things don’t improve businesses will be closing down completely so there can be more.
Well, I’m a little confused by this INCREDIBLY GOOD NEWS.
So, can someone please verify for me that...
514,000 IS STILL OVER HALF A MILLION?????
well yes and no. They are hiring some highly skilled
people for %20-%30 less (if they have the exact skillset
being sought and aren’t “too old”). There are plenty of
IT people unemployed due to age or undercut by
immigrants/H1Bs/offshoring.
There’s that word again, unexpectedly. Last week when the number of new jobless claims rose, it was unexpected. This week when the number of jobless claims fell, it, too, is “unexpected”.
Further proof that the American people elected the most incompetent president in history because he could read a good speech.
Also further proof of a craven media that shamelessly plugs for the incompetent 0ne.
“Running out of people to layoff”
Bingo.
1% of a declining number, month after month, becomes a smaller number naturally by the rules of math.
1,000,000 -1% 10,000
990,000 -1% 9,900
980,100 -1% 9,801
970,299
etc
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