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Jobless claims soar
CNN Money ^ | 04/08/10 | Chavon Sutton

Posted on 04/08/2010 7:30:34 AM PDT by AngelesCrestHighway

NEW YORK (CNNMoney.com) -- The number of Americans filing for unemployment insurance for the first time jumped last week, according to government data released Thursday. There were 460,000 initial jobless claims filed in the week ended April 3, up 18,000 from an upwardly revised 442,000 the previous week, according to the Labor Department's weekly report.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Breaking News; Business/Economy
KEYWORDS: 0bamasfault; bho44; bhoeconomy; braking; democrats; economy; hopeychangey; jobs; obama; obamanomics; obamasfault; unemployment; unexpected
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"Economists surveyed by Briefing.com expected new claims to fall to 435,000 in the week."

Another expectation that turns to crap under the chosen one....

1 posted on 04/08/2010 7:30:34 AM PDT by AngelesCrestHighway
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To: AngelesCrestHighway

Unexpected (as always!).


2 posted on 04/08/2010 7:31:51 AM PDT by ConjunctionJunction (LOLcat sez: "ObamaCare: Do Not Want!")
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To: AngelesCrestHighway
More evidence the Obama Stimulus is working?
3 posted on 04/08/2010 7:32:38 AM PDT by Rational Thought
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To: AngelesCrestHighway

I believe the new way of looking at this is “Obama has turned the economy around. People are now filled with hope. Many unemployed people are now motivated to get back into the game — and that’s why the numbers are going up. It’s ... uhhhh ... it’s a good thing.”


4 posted on 04/08/2010 7:34:27 AM PDT by ClearCase_guy
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To: AngelesCrestHighway
April 2, 2010

"Today is a promising day," Mr. Obama told workers assembled inside Celgard LLC, the Charlotte, N.C.-based company that makes parts for high-tech batteries. "We are beginning to turn around. More Americans are now getting up, getting dressed and going to work."

5 posted on 04/08/2010 7:35:47 AM PDT by NMEwithin
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To: AngelesCrestHighway

I notice that both Google and Yahoo! News sites do not have the growing jobless story on their front page. When rates fell it was their lead story. Bias? You make the call.


6 posted on 04/08/2010 7:36:19 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Rational Thought
Where's those green shoots Obongo?...
7 posted on 04/08/2010 7:37:39 AM PDT by AngelesCrestHighway
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To: NMEwithin

“More Americans are now getting up, getting dressed and realizing they no longer have a job to go to so they get undressed and go back to bed.”


8 posted on 04/08/2010 7:37:55 AM PDT by coaltrain
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To: ClearCase_guy

You’re right. Doublespeak.


9 posted on 04/08/2010 7:37:58 AM PDT by unkus
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To: AngelesCrestHighway
"The general trend in the jobs market is improving, reinforced by the decline in continuing claims," said Carl Riccadonna, senior U.S. economist for Deutsche Bank. "That's a good indication that the next move in the unemployment rate could be lower."

They say earlier in the article that the reason that the contining claims number is improving is that people are dropping off the rolls due to expiration of benefits. So somebody explain to me how THAT is an improvement??? People are falling from the ranks of the unemployed, but for the wrong reasons.

10 posted on 04/08/2010 7:41:20 AM PDT by Tallguy ("The sh- t's chess, it ain't checkers!" -- Alonzo (Denzel Washington) in "Training Day")
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To: ClearCase_guy
Many unemployed people are now motivated to get back into the game

I'd like Obamalamadingdong to tell everyone where the incentive to look for work comes from when the current unemployment compensation lasts for ninety nine weeks!

11 posted on 04/08/2010 7:42:17 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: AngelesCrestHighway
Note the last week's revision ... Always wait for the revision, the estimates are always what the lame stream media reports from wall to wall ... The revisions are when the truth comes out, after the "estimates" are touted as fact by the lame stream media.
12 posted on 04/08/2010 7:42:27 AM PDT by Tarpon ( ...Rude crude socialist Obama depends on ignorance to force his will on people)
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To: Tallguy

It’s the most ridiculous logic ever......


13 posted on 04/08/2010 7:42:39 AM PDT by AngelesCrestHighway
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To: AngelesCrestHighway

Great job there ya damn kenyan.


14 posted on 04/08/2010 7:43:34 AM PDT by Joe Boucher (Just say NO to RINOs. (FUBO))
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To: AngelesCrestHighway

Thats a correct headline that CNN should have been using for years.


15 posted on 04/08/2010 7:43:38 AM PDT by KC_Conspirator
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To: AngelesCrestHighway

Always expect the unexpected!


16 posted on 04/08/2010 7:44:41 AM PDT by clintonh8r ("If you find yourself in a fair fight, your tactical plan sucks." Allen West, Florida 22)
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To: AngelesCrestHighway
It’s the most ridiculous logic ever......

It's like watching your 5 year old adding 2 plus 2 and getting 5... over & over again.

17 posted on 04/08/2010 7:44:55 AM PDT by Tallguy ("The sh- t's chess, it ain't checkers!" -- Alonzo (Denzel Washington) in "Training Day")
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To: AngelesCrestHighway
"The general trend in the jobs market is improving, reinforced by the decline in continuing claims," said Carl Riccadonna, senior U.S. economist for Deutsche Bank.

This could be the result of things improving, but the pessimist in me says the decline in continuing claims is because they have exhausted their benefits.

18 posted on 04/08/2010 7:46:08 AM PDT by The Sons of Liberty (The 0bama regime represents an "Clear and Present Danger" to the US - Mene, Mene, Tekel, Upharsin)
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To: AngelesCrestHighway

You keep extending benefits, you are going to get this.


19 posted on 04/08/2010 7:46:32 AM PDT by Always Right
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To: AngelesCrestHighway

Obama: “Troubling news, but hey I’ve still got a job. Heh, heh..”


20 posted on 04/08/2010 7:46:44 AM PDT by Huskrrrr
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To: Joe Boucher

21 posted on 04/08/2010 7:47:11 AM PDT by AngelesCrestHighway
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To: Rational Thought
More evidence the Obama Stimulus is working?

After glorifying the minuscule raise last week, now they are deftly silent. Figures!

22 posted on 04/08/2010 7:47:37 AM PDT by Bobby_Taxpayer (Don't tread on us...or you'll pay the price in the next election.)
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To: AngelesCrestHighway; All

And meanwhile, barely even a week ago ...

Obama: U.S. starting to "turn the corner" on jobs

Friday, April 2, 2010

(Reuters) - President Barack Obama hailed new signs of an improving U.S. labor market on Friday as proof that "we are beginning to turn the corner" but warned it would still take time to achieve sustained job growth.

Seeking to maintain momentum after lawmakers approved his cornerstone healthcare overhaul, Obama shifted focus to tackling high unemployment, a problem threatening to damage his Democratic Party's prospects in November's pivotal congressional elections.

Obama spoke after a closely watched government employment report showed that non-farm payrolls grew in March, adding 162,000 jobs, the strongest signal yet that the economic recovery is moving onto a more solid footing.

"Today is an encouraging day. We learned that the economy actually produced a substantial number of jobs instead of losing a substantial number of jobs. We are beginning to turn the corner," Obama told workers at a battery components plant in North Carolina, a key battleground state he won in the 2008 presidential election.


23 posted on 04/08/2010 7:48:32 AM PDT by BP2 (I think, therefore I'm a conservative)
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To: ConjunctionJunction

“Unexpected (as always!).”
There’s that ‘U’ word again!


24 posted on 04/08/2010 7:48:47 AM PDT by duckman (My Grandma Isn't Shovel Ready!)
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To: The Sons of Liberty

Of course it is people falling off!

The Senate adjourned before Easter, leaving the Jobs Bill (Stimulus 2), in limbo which included........unemployment extensions!

The MSM has been reporting this since March 25th!!!!!


25 posted on 04/08/2010 7:49:07 AM PDT by Erik Latranyi (Too many conservatives urge retreat when the war of politics doesn't go their way.)
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To: AngelesCrestHighway
The cover of the Economist was showing rainbows and proclaiming that "Hope" is back.



I think they better in the future try not to seem so obvious.
26 posted on 04/08/2010 7:49:56 AM PDT by VanDeKoik (Iran doesnt have a 2nd admendment. Ya s ee how that turned out?)
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To: AngelesCrestHighway
Gee, I thought everything was gonna be OK now!

My daughter is still pounding the pavement filling out applications and they just cut my son in law's job back by 20 hours a month.

The government isn't laying anyone off though, so things must be really great!

27 posted on 04/08/2010 7:51:32 AM PDT by SWAMPSNIPER
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To: Thermalseeker

Compensation doesn’t have much to do with it, there are no jobs!


28 posted on 04/08/2010 7:53:22 AM PDT by SWAMPSNIPER
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To: AngelesCrestHighway
If I had a business, I would know that healthcare confiscation, cap and confiscate, card check, and other oppressive government "programs" would make the economy less vibrant and make the business environment horrible.

My worry would be on how to keep the doors open.

Staff reductions, it would sadly seem, would be a survival necessity.

But this is all so obvious.

One suspects some intentional design in all this. The leftists are experts at one thing.

Undermining (the economy, in this case.)

.

29 posted on 04/08/2010 7:54:13 AM PDT by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: Tallguy
People are falling from the ranks of the unemployed, but for the wrong reasons.

Only those who have exhausted the 99-week limit are no longer receiving benefits. For many this occurred last week.

30 posted on 04/08/2010 7:56:36 AM PDT by ETL (ALL (most?) of the Obama-commie connections at my FR Home page: http://www.freerepublic.com/~etl/)
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To: clintonh8r

Always expect the unexpected!


0bama is going to prove you right. We ain’t seen nothin’ yet.


31 posted on 04/08/2010 7:58:53 AM PDT by unkus
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To: AngelesCrestHighway

Sadly, Mrs. Yokel was one of the unexpected.


32 posted on 04/08/2010 7:59:59 AM PDT by Cletus.D.Yokel (We were hoping for flying unicorns that crapped skittles. We got nationalized health care.)
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To: ConjunctionJunction
Unexpected (as always!).

When will the unexpected non-recovery in the economy be reported?

33 posted on 04/08/2010 8:00:12 AM PDT by Need4Truth (If you think a 3,000% reduction is totally absurd, then you're probably a racist.)
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To: Tallguy
They say earlier in the article that the reason that the contining claims number is improving is that people are dropping off the rolls due to expiration of benefits. So somebody explain to me how THAT is an improvement???

It is easy to simply compile the numbers from the states of those receiving unemployment benefits. It is harder to keep up with what happened to those who are no longer on the rolls. Under the present circumstances it is logical to conclude that they just ran out of eligibility but they still don't count them.

They do something more shady with determining inflation now. They use something called "core inflation" which excludes the cost of food and fuel. Now what is more important to people on SS who are supposed to get cost of living increases? However, that saves the politicians a lot of money to spend elsewhere and they exempt themselves from the bad effects of their policies.

34 posted on 04/08/2010 8:01:50 AM PDT by Mind-numbed Robot (Not all that needs to be done needs to be done by the government)
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To: ClearCase_guy
They'll spin it, of course, but the truth is there are many people who lost their job earlier in the year and didn't immediately file for unemployment benefits thinking the job search wouldn't be as dismal as it is. After months of searching and not being successful in securing employment, they've now gone through much of their savings, still have no job, and decided to go ahead and file for benefits. Quite the opposite of “getting back into the game.”
35 posted on 04/08/2010 8:01:53 AM PDT by jennyjenny
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To: SWAMPSNIPER
Compensation doesn’t have much to do with it, there are no jobs!

You know as well as I do that there are people riding this unemployment compensation for all it's worth. If you have marketable job skills there is work to be had. I lived through the Carter years and the aftermath and I always had work. Times then were much, much worse than what we have now.

36 posted on 04/08/2010 8:02:31 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: AngelesCrestHighway

Attention K-Mart shoppers! Will the people who reported these jobless numbers come to Mr. Waxman’s office! IMMEDIATELY!!!!


37 posted on 04/08/2010 8:05:42 AM PDT by OrioleFan (Republicans believe every day is the 4th of July, democrats believe every day is April 15)
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To: AngelesCrestHighway

The thing that amazes me is just how much turnover there is in the job market in the US. These are new jobless claims for a week. That means that almost 1,800,000 people lose their jobs in a month. Since the monthly net employment number is around 100,000 jobs lost or created, there is a huge number of jobs being created/destroyed every day. Our economy is really dynamic. The Dems are beating it hard but it just doesn’t want to give up yet.


38 posted on 04/08/2010 8:07:01 AM PDT by Truth is a Weapon (Truth, it hurts soooo good!)
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To: SWAMPSNIPER

I hear ya. I am still looking and have been laid off since Dec 08 from Wells Fargo.


39 posted on 04/08/2010 8:07:35 AM PDT by carjic (Laid off since Dec 08...HELP!)
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To: AngelesCrestHighway

I thought everything ws turning around and we were out of the woods. sarc.....


40 posted on 04/08/2010 8:08:36 AM PDT by Mrs. Frogjerk
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Comment #41 Removed by Moderator

To: Always Right

Always Right wrote:

“You keep extending benefits, you are going to get this”

Exactly right. If you subsidize something, you get more of it. UI is supposed to be an insurance scheme of limited duration. Once you convert that into an unfunded government entitlement of unlimited duration (which is what all of these extensions effectively do), then it becomes a long-term drag on the economy instead of a short-term protection for workers. The problem is, when will the Feds say enough is enough? They’ve already created an expectation that further extensions will be forthcoming automatically, as the outcry over Tom Coburn’s stand clearly demonstrates.


42 posted on 04/08/2010 8:13:03 AM PDT by littleharbour
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To: AngelesCrestHighway

Bookmark


43 posted on 04/08/2010 8:13:38 AM PDT by dragnet2
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To: AngelesCrestHighway

Just one more stimulus bill should solve the problem.


44 posted on 04/08/2010 8:14:48 AM PDT by MNDude (The Republican Congress Economy--1995-2007)
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To: AngelesCrestHighway

Buttttt.... I’m feeling all Hopey Changey!


45 posted on 04/08/2010 8:16:40 AM PDT by Uncle Miltie (A MAJORITY (51%) OF TEA PARTIERS ARE DEMOCRATS OR INDEPENDENTS - GALLUP)
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To: OrioleFan

There is already a line around the block. The folks are in line to pick up their cards to get their free health care.

The cards are available at all congressional offices and must be presented to get the free treatment


46 posted on 04/08/2010 8:19:19 AM PDT by bert (K.E. N.P. +12 . Ostracize Democrats. There can be no Democrat friends.)
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To: Tallguy
They say earlier in the article that the reason that the contining claims number is improving is that people are dropping off the rolls due to expiration of benefits. So somebody explain to me how THAT is an improvement???

It's sort of like saying the situation of the passengers lost when the ship sank is improving because they're screaming less. (But drowning more.)

47 posted on 04/08/2010 8:21:57 AM PDT by Campion ("President Barack Obama" is an anagram for "An Arab-backed imposter")
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To: ETL

If 99 weeks are good, 299 weeks would be Obamarific!


48 posted on 04/08/2010 8:22:01 AM PDT by WOBBLY BOB ( FIRE STUPAK: LindaForCongress.com)
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To: AngelesCrestHighway
“460,000 initial jobless claims filed in the week ended April 3,”

460,000....IN ONE WEEK!!

Where is the outrage?
Where is “The Malaise Factor?
Why not “America Held Hostage, Day #443”?
Where are the broadcasts on “the homeless”????
Where are “the actual jobless numbers”...Why the lies?
Where is the outrage because of $3.00 plus gasoline prices?
Where are the stories regarding the current foreclosures?
What about the upcoming flood of foreclosures?

We citizens are in for a very long ride into further Progressive policies that will destroy our livelihood. Pray.

49 posted on 04/08/2010 8:24:10 AM PDT by gathersnomoss (General George Patton had it right.)
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To: WOBBLY BOB

Maybe things are not so bad afterall...

http://news.yahoo.com/s/ap/20100407/ap_on_bi_ge/us_earns_gm;_ylt=At82GTj1i4mWR9bdy2yAFdrv5rEF;_ylu=X3oDMTI4OTU1cmRzBGFzc2V0A2FwLzIwMTAwNDA3L3VzX2Vhcm5zX2dtBHBvcwM2BHNlYwN5bl9tb3N0X3BvcHVsYXIEc2xrA2dtcmVhZHl0b3JlcA

http://news.yahoo.com/s/ap/20100408/ap_on_bi_go_ec_fi/us_retail_sales;_ylt=AvJM7bPqOX._DzeHUpyA.v_v5rEF;_ylu=X3oDMTJsbzgyY3BtBGFzc2V0A2FwLzIwMTAwNDA4L3VzX3JldGFpbF9zYWxlcwRwb3MDOQRzZWMDeW5fcGFnaW5hdGVfc3VtbWFyeV9saXN0BHNsawNyZXRhaWxlcnNyZXA-


50 posted on 04/08/2010 8:25:05 AM PDT by DonaldC (A nation cannot stand in the absence of religious principle.)
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