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U.S. jobless claims fall 37,000 to 391,000
Marketwatch ^ | 9.29.11 | Jeffry Bartash

Posted on 09/29/2011 5:37:23 AM PDT by Free Vulcan

New applications for unemployment benefits sank by 37,000 last week to 391,000 to mark the lowest level since April, but a government official suggested the surprising drop may have stemmed from a variety of "technical" issues...

(Excerpt) Read more at marketwatch.com ...


TOPICS: Breaking News; Business/Economy; Culture/Society; News/Current Events
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1 posted on 09/29/2011 5:37:25 AM PDT by Free Vulcan
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To: Free Vulcan

Stay tuned for “media” triumphalism.

“We’re turning the corner! All hail our Dear Leader!!”


2 posted on 09/29/2011 5:39:11 AM PDT by ScottinVA (With "successes" like the Libya adventure, who needs failure?)
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To: Free Vulcan

“Technical” issues — like trying to make it look like Obama’s economy is improving?


3 posted on 09/29/2011 5:40:23 AM PDT by DJ Frisat
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To: All

?????? Watch it be revised upwards next week??


4 posted on 09/29/2011 5:40:50 AM PDT by KevinDavis (What has Ron Paul done in Congress??)
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To: KevinDavis

unexpectedly


5 posted on 09/29/2011 5:41:23 AM PDT by silverleaf (Common sense is not so common - Voltaire)
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To: Free Vulcan

Wow - below 400,000 for the first time in four years.... only to be revised up again next week.


6 posted on 09/29/2011 5:41:40 AM PDT by jersey117
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To: DJ Frisat; All

Yep...


7 posted on 09/29/2011 5:41:57 AM PDT by KevinDavis (What has Ron Paul done in Congress??)
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To: DJ Frisat

Cooking the books requires more CPU power.


8 posted on 09/29/2011 5:43:52 AM PDT by relictele (Pax Quaeritur Bello)
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To: Free Vulcan

Holy crap! 391,000 is a total flipping disaster! These aren’t numbers, they are people and families...


9 posted on 09/29/2011 5:44:28 AM PDT by Caipirabob ( Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: Free Vulcan

Just rememebr, it took seven weeks for the President to roll out his “big plan”—raise taxes!-—and in those seven weeks, about 3 million people signed up for unemployment for the first time.

That’s why Obama needs to be called out everytime he or one of his O-bots say that “jobs” is his number one priority.


10 posted on 09/29/2011 5:44:44 AM PDT by exit82 (Democrats are the enemy of freedom. Sarah Palin is our Esther.)
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To: Free Vulcan

Wow.

740 people per state


11 posted on 09/29/2011 5:45:25 AM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: Free Vulcan

GREEN SHOOTS! GREEN SHOOTS!


12 posted on 09/29/2011 5:45:38 AM PDT by Recovering_Democrat
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To: Free Vulcan

“”technical” issues...”

“Technical issues” is Obamaspeak for outright lies.


13 posted on 09/29/2011 5:47:10 AM PDT by detective
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To: Free Vulcan

So, last weeks “real” (revised) numbers come to 428,000. That’s an upward revision of 5,000 from the reported 423,000. Next week will see a revision up above 400,000.

The regime is manipulating these numbers, no doubt.


14 posted on 09/29/2011 5:49:11 AM PDT by Cletus.D.Yokel (Islam is a violent and tyrannical political ideology and has nothing to do with "religion".)
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To: Free Vulcan

15 posted on 09/29/2011 5:49:11 AM PDT by COUNTrecount (Barry...above his poi grade.)
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649 people per state, if there are 57 states.

It’s an economic miracle!


16 posted on 09/29/2011 5:50:23 AM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: Free Vulcan
U.S. jobless claims fall 37,000 to 391,000

Obama proclaims his Jobs Bill a success!

17 posted on 09/29/2011 5:51:38 AM PDT by varon (Allegiance to the Constitution, always. Allegiance to a party, never!)
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To: COUNTrecount

18 posted on 09/29/2011 5:52:06 AM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: Caipirabob

Was recently forced to resign from my job, and yes, my family will suffer, but we will persevere.


19 posted on 09/29/2011 5:54:32 AM PDT by rarestia (It's time to water the Tree of Liberty.)
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To: Free Vulcan
wow!

Why pass Obama's Jobs Bill and mess with this success?

20 posted on 09/29/2011 5:54:45 AM PDT by N. Theknow (Obama - Wear The Fail!)
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To: Caipirabob

Stalin once remarked, “The death of a single person is a tragedy. The death of millions is a statistic.”.....................


21 posted on 09/29/2011 5:57:39 AM PDT by Red Badger ("Treason doth never prosper.... What's the reason? Why if it prosper, none dare call it treason.")
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To: Free Vulcan

This is no cause for rejoicing, for it isn’t even close to the break-even numbers. That number is 350,000, if you ask the experts even a year or two ago. Then it was bumped up to 400,000. Why? Pure politics.

After checking the job-turmoil-transitioning numbers of the high employment eras of Clinton and GW Bush, I found the weekly applications number to have been about 250,000 or so.

IOW, to get back to the times of near full employment, even 350,000 is too high.

And they are throwing a victory dance over 390,000+

What it means is that a huge percentage of those people filing for claims weren’t just part of job-turmoil-transition. They had actually lost a job that had disappeared for everyone else, too.


22 posted on 09/29/2011 5:58:58 AM PDT by xzins (Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their VICTORY!)
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To: rarestia

Have faith in God.
That happened to me once, from a company I worked for for over ten years.
I was shocked and devastated.
It was the best thing that ever happened to me.......


23 posted on 09/29/2011 5:59:54 AM PDT by Red Badger ("Treason doth never prosper.... What's the reason? Why if it prosper, none dare call it treason.")
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To: Free Vulcan

1. Hurricane Irene
2. Emergency Personnel in Tx. Wildfires
3. Toys R Us started hiring for “Holiday” season.
4. Halloween Retailers started “hiring” part time workers.


Easy.

But watch out because Best Buy just announced they will be hiring 1/2 of the seasonal workers, Toys R Us will be hiring 40K vs the 48K, and several grocers have announce a cut back.


All of this is unexpected and revised accordingly.

“but a government official suggested the surprising drop may have stemmed from a variety of “technical” issues not captured by normal seasonal adjustments.”

Like not being able to add or what?


24 posted on 09/29/2011 6:03:59 AM PDT by NoNAIS (Yet another Government program not needed.)
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To: NoNAIS

Still 9.1%

Average still 417K

http://news.yahoo.com/fewer-people-applied-unemployment-benefits-123829187.html


25 posted on 09/29/2011 6:12:44 AM PDT by ltc8k6
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To: Free Vulcan

I would love for them to add the numbers of self employed like my husband that has lost so much work. He doesnt have work and doesn’t get unemployment so all those peoplelike him are not even in the numbers.


26 posted on 09/29/2011 6:12:54 AM PDT by arbee4bush ( "promoted by GOD to be a mother" Palin 2012!!!!!)
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To: Red Badger

It took me several days of hardcore praying and chats with leaders of my local church to help me just “let go and let God.”

While I’m depressed at being unemployed with no help, I’m also emboldened by the spirit of God. He will protect and guide me, I believe.

I, too, feel this was the best decision for me, but the stress on my family makes me feel like I’ve let them down everyday.


27 posted on 09/29/2011 6:16:05 AM PDT by rarestia (It's time to water the Tree of Liberty.)
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To: Free Vulcan
We will probably see many more of those "technical" issues pushing the joblessness numbers to a more favorable number [for Obama] in the coming months.

Do "technical" issues = WAG [wild a$$ guessing]?

==

In a quick scan of several articles, I do not see a 'revised' number for the previous week. hmmmm.

One article shows 'revised up' from two weeks ago.

Market Watch article does state this: "About 6.98 million people received some kind of state or federal benefit in the week of Sept. 10, up 95,242 from the prior week."

==

I am dubious of the numbers for last week. They smack of being fudged -- significantly. Maybe that was the "technical" issue.
28 posted on 09/29/2011 6:20:17 AM PDT by TomGuy
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To: Free Vulcan

There are plenty of good available jobs out there that are unfilled, just sitting there waiting for someone to apply. There must be, else why would we need to bring in millions more immigrant workers, each and every year?


29 posted on 09/29/2011 6:22:04 AM PDT by CGalen
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To: xzins

Many months ago, Stuart Varney said on FoxNews that 200k new jobs per week would be required to just to get to the 'break even' point.

That 350k is nothing but a WAG to make the UE number look less ominous.


30 posted on 09/29/2011 6:26:14 AM PDT by TomGuy
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To: Free Vulcan

To be revised up to 403,000... playing games with numbers... IOW our gooberment lies... obama... lord of the lies.

LLS


31 posted on 09/29/2011 6:33:31 AM PDT by LibLieSlayer (Is the person that you support a Crony Capitalist... A.K.A. CRAPITALIST?)
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To: Free Vulcan

OK, without looking I’m guessing last weeks numbers were revised upward. Am I right?


32 posted on 09/29/2011 6:36:08 AM PDT by icwhatudo ("laws requiring compulsory abortion could be sustained under the constitution"-Obama official)
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To: Free Vulcan

Obama can’t be trusted on anything.


33 posted on 09/29/2011 6:42:50 AM PDT by Lilly Rose
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To: ltc8k6

Thanks. Also - non-farm payroll benchmark changed by US Dept. of Labor -

http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201109290900dowjonesdjonline000385&title=us-march-2011-total-nonfarm-payrolls-benchmark-revised-up-by-192k

“This means employment levels may have been better than originally reported in the year through March 2011.”

Upward and onward I suppose.


34 posted on 09/29/2011 6:44:21 AM PDT by NoNAIS (Yet another Government program not needed.)
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To: Free Vulcan
Another lie! These agencies pump up these numbers because they want Obama to get the credit when the markets rise but the fact is, the markets were going to rise because of the Euro Bailout.
35 posted on 09/29/2011 6:44:21 AM PDT by tobyhill (A Democrat that doesn't lie would be a lie)
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To: Free Vulcan

Until they’re revised up again, which is inevitable. Unfortunately, I know of two people who will bump the number up next week.


36 posted on 09/29/2011 6:46:56 AM PDT by edpc (Former Normalcy Bias Victim)
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To: Cletus.D.Yokel

LOL, ya think??


37 posted on 09/29/2011 6:47:33 AM PDT by 101voodoo
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To: Free Vulcan
New applications for unemployment benefits sank by 37,000 last week...

Under a Democrat President: the economy is improving.

Under a Republican President: 37,000 stopped looking for work in a dire economy.

38 posted on 09/29/2011 6:51:00 AM PDT by DTogo (High time to bring back the Sons of Liberty !!)
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To: TomGuy

You are so right, and I remember Varney saying that.

And the number aligns with the full employment math. If 1.2 million new jobs a year is a necessity, then that comes out to about 100,000 new jobs every month.

If full employment is a turn-over of 250,000 a week, then the max regular turnover could be only about 275,000 given the 25,000 new jobs each week. That would absorb first-time entries to the jobs market.

The 400,000 number is pure fiction, and it is in no way aligned with the near full-employment numbers of 250,000 of Clinton and GW Bush.


39 posted on 09/29/2011 6:51:33 AM PDT by xzins (Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their VICTORY!)
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To: Free Vulcan

and they’ll be revised to over 400,000 again.

This pro homo, pro cross dressing media will go all out for their messiah.
I only hope an investigation happens when we get power to see how this corrupt media worked with the left


40 posted on 09/29/2011 6:52:28 AM PDT by manc (Hannity the fraud he admitted he's socially liberal he's no conservative marriage=1man+ 1 woman)
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To: Free Vulcan

I guess Obama’s bureaucrats think that Americans will believe everything that the government says. LOL! Sorry Barry. It ain’t happening here.


41 posted on 09/29/2011 7:03:03 AM PDT by FlingWingFlyer (Barry gives them $535 million and they take "the fifth" when asked where it went.)
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To: TomGuy

“Many months ago, Stuart Varney said on FoxNews that 200k new jobs per week would be required to just to get to the ‘break even’ point.”

The number of new jobs needed each month has to be more than the total number of new (legal and illegal) immigrants coming into the country, plus the number of births over deaths, just in order to stay even at the dismal place which we are at.

If our population increases by 2 1/2 million each year (200,000 new jobs per month) , then creating 2 1/2 million new jobs are needed just to tread water.


42 posted on 09/29/2011 7:06:30 AM PDT by CGalen
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To: CGalen; Free Vulcan
There are plenty of good available jobs out there that are unfilled, just sitting there waiting for someone to apply. There must be, else why would we need to bring in millions more immigrant workers, each and every year?

You forgot your sarc tag.
43 posted on 09/29/2011 7:08:09 AM PDT by algernonpj (He who pays the piper . . .)
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To: Free Vulcan
391,000 new unemployed this week. Who would celebrate this "exciting" new number? A sadist, or a radical who's trying to get as many people as he can dependent on government handouts.
This is NOT good news, unless you're a miserable leftist who likes to see other people made as miserable as you are.
2012 just can't come soon enough!

I'd like to know how this country can lose 400,000 jobs every week and still have 9.1% unemployment. More + more should = more!

44 posted on 09/29/2011 7:10:40 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: CGalen
... If our population increases by 2 1/2 million each year (200,000 new jobs per month) , then creating 2 1/2 million new jobs are needed just to tread water.

yup ... the lowest figures for growth of the work force I have seen were 150,000 per month. Add in 125,000 new legal workers brought into the country each month and you get ~ 225,000 new jobs each month just to tread water.

And that's without adding jobs for illegal aliens.
45 posted on 09/29/2011 7:13:19 AM PDT by algernonpj (He who pays the piper . . .)
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To: KevinDavis
Watch it be revised upwards next week??

Of course it will quietly be revised to 400K next week.

46 posted on 09/29/2011 7:13:23 AM PDT by Mikey_1962 (Obama: The Affirmative Action President.)
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To: Free Vulcan

What’s the U6 rate going do? That’s the real question and a better indicator.


47 posted on 09/29/2011 7:15:48 AM PDT by voicereason (The average American doesn't need sex......Obama is already screwing them daily.)
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To: Free Vulcan

Let them revise again.


48 posted on 09/29/2011 7:18:42 AM PDT by jennychase
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To: concerned about politics
... I'd like to know how this country can lose 400,000 jobs every week and still have 9.1% unemployment. More + more should = more!

Easy ... just keep bumping people out of the civilian labor force using an 'enhancement' in the sorting out of the data collected by the BLS, introduced under Clinton and continued under Bush.


49 posted on 09/29/2011 7:19:43 AM PDT by algernonpj (He who pays the piper . . .)
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To: ScottinVA

Allah Barackba!


50 posted on 09/29/2011 7:33:23 AM PDT by wiggen (The teacher card. When the racism card just won't work.)
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