Skip to comments.U.S. jobless claims rise sharply to 6-week high
Posted on 01/12/2012 9:07:30 AM PST by sunmarsEdited on 01/12/2012 9:40:00 AM PST by Admin Moderator. [history]
WASHINGTON, Jan 12 (Reuters) - The number of Americans applying for first-time jobless benefits rose last week, a report showed on Thursday, reversing a recent decline and suggesting the labor market remains brittle. Unemployment claims jumped to 399,000 in the first week of 2012, the highest in six weeks, from an upwardly revised 375,000 in the prior week. The four-week average of claims also marched higher to 381,750 from 374,000. The Labor Department report also showed 3.63 million continuing claims, up from 3.61 million. Including the millions of workers receiving benefits under emergency federal programs, some 7.3 million Americans were receiving unemployment benefits as of Dec. 24, the most recent date for which comprehensive figures are available. The U.S. unemployment rate has fallen sharply in recent months and was 8.5 percent December, but some economists worry the drop has been due in part to discouraged workers dropping out of the labor force.
(Excerpt) Read more at cnbc.com ...
We knew it.
All the temporary, holiday-season jobs actually came to an end after the holiday-season was over?
Who could POSSIBLY have predicted that?!
funny how the media seems to have gone all quiet and buried this jobs report this morning, took donkeys to find the info.
I'm waiting to hear the new numbers on the MSM. They sure were quick at 8.5% last week
LMAO, how many times do these fools think we are going to believe that claims and the unemployment rate have gone down? And do they really think we believe that a ton of jobs were created in Dec? Even a halfwit can figure out most of the jobs in Dec are seasonal and come January the job numbers will be “adjusted” “unexpectedly”. Anyone who votes for HUSSEIN this time around, really and truly has to be stupid.
but but but - the unemployment rate went down???? We popped the champagne corks just last week!!!!!
Everybody, quick...stop celebrating /s/
Some Pundits were still talking up the fact that it is still under 400,000. Well guess what? Next week, that 399,000 will be revised UPWARD over 400,000.
i’m awaiting the fanfares and champagne corks and plaudits of “Obama has saved us” like last week...oh wait!
Ignore the jobless claims. Look at employment to population ratio - it’s stuck on Jimmuh Carter.
Also, retails sales were DOWN more than expected. And consumer debt is UP.
We are repeating the same Austrian debt cycle that got us into this mess.
Look at the charts from Zero Hedge.
If more folks would quit looking for jobs, we could bring the unemployment rate down to near zero. Now THAT would be an Obama success!
Hah! That was funny. It would be true, but alas, dead men tell no tales - which is why they provide rich mining for the Demon rats.
“And consumer debt is UP.”
GMAC/Ally credit was buying almost any breathing Credit Criminal in November and December.
To boost Obama’s economic numbers? Without AUTO SALES, both November and December would have been an unhide-able DISASTER.
And Food Lion is closing all it’s Florida stores in addition to other moves; add another 4,900 to the count.
Only the msm and the Dummies praised last weeks figures.
“The Little People” knew it was all BS.
just wait till the snow hits the north and all the construction workers file for their yearly unemployment too.
Will the biased MSM now say unexpectedly again?
Yea course they will as always, they;ve got to protect their asset/messiah more so than ever this year.
To hell with the GOP which is now the Dem party, the Dem party which is now the socialist party and the biased corrupt lying sack of crap lazy MSM.
We just don;t have a right wing party no more due to the inability to actually get the message out to the center right wing country.
Don’t discuss homosexuals or cross dressing , no sir don’t want to upset their beltway and north east elitist cocktail party pals, no sir just stay silent on the issues and let this country go to ruins, hell why should they care, they don’t serve no more hardly and they ‘ll be alright buying stocks with inside info.
This may be just an adjustment to competition, i.e. Walmart Supercenters.
Another example is the closing of Marie Callendar's restaurants. In the meantime Starbucks booms. Winners and losers.
“Surprise Surprise : U.S. jobless claims rise sharply to 6-week high”
I just check my glass of water and was more surprised to find that it is indeed wet
What numbskulls. It's not a matter of "some economists" thinking it's all about discouraged workers.
The discouraged worker numbers are part of the record. You can see the number of them went up, you can add that to the unemployed, and you can see the unemployment rate skyrocket.
It's a matter of math, not a matter of "some economists".
It’s still 4,900 people out of work...think the MSM will lead with it? If a GOP was POTUS, you bet they would!
Folks, noted that this number has already been “seasonally “ adjusted for normal holiday layoff. The actual numbers are much worse than the seasonally diddled numbers.
Well, you know what the pResident is going to do about it - throw another expensive, glitzy, star-studded White House party, of course.
That’ll fix everything.
UNEXPECTED!!! The Labor Department works for Obama, they are his puppets. The unemployment rate is NOT improving. The fall in December was due to seasonal jobs, now that is over, unemployment will bounce back up, that and many many people are simply dropping out of the workforce
You know why they buried the jobs report. Because they all, including FNC, fawned all over America destroyer Barack Hussein (Muslim Brotherhood) Obama!!! Any idiot could have told you what was really happening!!! Hey.....minority folks, how’s that “Obama Hope & Change” working out for you!!!
Yep, cast your votes for Obama again and....again, get thrown under the bus!!! Fools by the millions digging their very own downfall!!! Folks, no such thing as a free lunch!!!
Okay, where’s the picture of Baghdad Bob telling us that there is no rise in unemployment claims???
Yeah, following a “unexpectedly” low number for a holiday week. Imagine that. As predictable as dead people voting in Chicago.
400,000 is the `psychological barrier` so VOILA, the number is 399,000.
Everyone heard that jobs were back so they all went looking for them again. Trumping up the economy hurts Obama in some ways as it encourages those no longer looking for work to start looking again—which moves them to the unemployeed #.
I’m not believing “399,000” for a second. They’ll be quietly revising that one north of 400K within a few weeks. It’s all a frickin’ game with this group.
Is there ANYTHING good that we can count on?
Snow started this morning in Chicago. We have had almost none so far this season. It might all come at once.
have a friend in construction up north in liberal hell hole MA and he said he’ll be soon signing on unemployment but thye have had no snow yet either.
Not while the Messiah in Chief if running/ruining things.
It is kinda funny that the predictions of the worst winter in years has been shown to be over-wrought yet predictions of the weather decades ahead are still given any credibility.
We are still expected to believe Al Gore when he claims the Earth will be too warm fifty years from now.
Once all the mall Santas got laid off...BINGO
yea they tell us how the earths weather will be in 20 years and yet can’t even get the weather forecast right for tomorrow.
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