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U.S. jobless claims rise sharply to 6-week high
CNBC ^

Posted on 01/12/2012 9:07:30 AM PST by sunmars

Edited 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 ...


TOPICS: Breaking News; Business/Economy; Government; Politics/Elections
KEYWORDS: bhoeconomy; democrats; economy; joblessclaims; obama; obamadepression; unemployment; unexpected
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Shocked, shocked i tell ya.

We knew it.

1 posted on 01/12/2012 9:07:34 AM PST by sunmars
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To: sunmars

What?

All the temporary, holiday-season jobs actually came to an end after the holiday-season was over?

Who could POSSIBLY have predicted that?!


2 posted on 01/12/2012 9:11:00 AM PST by WayneS (Comments now include 25% MORE sarcasm for no additional charge...)
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To: WayneS

funny how the media seems to have gone all quiet and buried this jobs report this morning, took donkeys to find the info.


3 posted on 01/12/2012 9:12:17 AM PST by sunmars
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To: sunmars
Wow! The smartest guy in the world occupying the White House and Geitner never figured on this. Temporaries hired for Christmas seasonal shopping are now being laid off. What a shocker.

I'm waiting to hear the new numbers on the MSM. They sure were quick at 8.5% last week

4 posted on 01/12/2012 9:12:34 AM PST by pfflier
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To: sunmars

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.


5 posted on 01/12/2012 9:12:56 AM PST by rockabyebaby (We are sooooooooooooooooooooooooooooooooo screwed!)
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To: sunmars

but but but - the unemployment rate went down???? We popped the champagne corks just last week!!!!!

Everybody, quick...stop celebrating /s/


6 posted on 01/12/2012 9:14:39 AM PST by SueRae (I can see November 2012 from my HOUSE!!!!!!!!)
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To: sunmars

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.


7 posted on 01/12/2012 9:16:04 AM PST by Old Retired Army Guy
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To: SueRae

i’m awaiting the fanfares and champagne corks and plaudits of “Obama has saved us” like last week...oh wait!


8 posted on 01/12/2012 9:16:07 AM PST by sunmars
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To: sunmars
...unexpectedly...
9 posted on 01/12/2012 9:17:47 AM PST by null and void (Day 1086 of America's ObamaVacation from reality [Heroes aren't made, Frank, they're cornered...])
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To: sunmars

10 posted on 01/12/2012 9:20:24 AM PST by Deo volente (God willing, America will survive this Obamination.)
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To: sunmars
.

.

.

.

11 posted on 01/12/2012 9:25:36 AM PST by Jeff Chandler (Quando Omni Flunkus Moritati)
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To: sunmars

Ignore the jobless claims. Look at employment to population ratio - it’s stuck on Jimmuh Carter.

http://confoundedinterest.wordpress.com/

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.


12 posted on 01/12/2012 9:25:36 AM PST by whitedog57
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To: sunmars


"Madame Zelda has moooore scary, unexpected information for you. In February it will be revealed...gasp...that layoffs in January increased the most in retail jobs and courier services! This is...most unexpected! It is not what I typically hear from the spirit world, which is mainly angry voices saying 'that wasn't me voting for that democrat, I was dead'."
13 posted on 01/12/2012 9:25:43 AM PST by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: sunmars

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!


14 posted on 01/12/2012 9:25:54 AM PST by Gator113 (~Just livin' life, my way~..... GO NEWT GO.....!)
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To: null and void


15 posted on 01/12/2012 9:30:53 AM PST by Joe Brower (Sheep have three speeds: "graze", "stampede" and "cower".)
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To: LostInBayport

bump


16 posted on 01/12/2012 9:36:33 AM PST by VRW Conspirator (Neo-communist equals Neo-fascist - VRW Conspirator)
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To: LostInBayport
"... It is not what I typically hear from the spirit world, which is mainly angry voices saying 'that wasn't me voting for that democrat, I was dead'."

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.

17 posted on 01/12/2012 9:36:46 AM PST by El Cid (Believe on the Lord Jesus Christ, and thou shalt be saved, and thy house...)
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To: whitedog57

“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.


18 posted on 01/12/2012 9:44:35 AM PST by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: sunmars

And Food Lion is closing all it’s Florida stores in addition to other moves; add another 4,900 to the count.

http://www.foodlion.com/Corporate/PressRoom/Press_011112


19 posted on 01/12/2012 9:57:38 AM PST by GOPsterinMA (And who doesn't have baggage?)
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To: sunmars
funny how the media seems to have gone all quiet and buried this jobs report this morning, took donkeys to find the info.

Exactly. When all the temp Christmas hires were bringing down unemployment claims, Yahoo would place the wire stories on the very top in big bold type.

Today. It's nowhere to be found. You have to dig into Business/Economy etc.

Too predictable.
20 posted on 01/12/2012 10:01:04 AM PST by nhwingut (Sarah Palin 12... No One Else.)
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To: sunmars
"UNEXPECTED"
21 posted on 01/12/2012 10:04:33 AM PST by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: sunmars

Totally unexpected!


22 posted on 01/12/2012 10:06:32 AM PST by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
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To: sunmars

Only the msm and the Dummies praised last weeks figures.

“The Little People” knew it was all BS.


23 posted on 01/12/2012 10:13:56 AM PST by marty60
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To: pfflier

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.


24 posted on 01/12/2012 10:14:44 AM PST by manc (Marriage is between one man and one woman.Trolls get a life, I HATE OUR BIASED LIBERAL MEDIA.)
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To: whitedog57
can;t be the MSM/white house celebrated with great delight that sales were up and unemployment was down. ARF Personal debt up, sales just up but not what they first reported on the MSM, Kodak, Food lion, sears closing stores Where is bozo the clown now, the other week he did a press conference and told the country things were on the up and up. The GOP came out right away after bozo's speech and said, oh no they said nothing AGAIN
25 posted on 01/12/2012 10:19:53 AM PST by manc (Marriage is between one man and one woman.Trolls get a life, I HATE OUR BIASED LIBERAL MEDIA.)
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To: GOPsterinMA
And Food Lion is closing all it’s Florida stores in addition to other moves; add another 4,900 to the count.

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.

26 posted on 01/12/2012 10:21:45 AM PST by cicero2k
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To: sunmars

“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


27 posted on 01/12/2012 10:29:20 AM PST by VanDeKoik
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To: sunmars
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.

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".

28 posted on 01/12/2012 10:35:32 AM PST by xzins (Pray for Our Troops Remaining in Afghanistan, now that Iran Can Focus on Injuring Only Them)
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To: cicero2k

Good point!

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!


29 posted on 01/12/2012 10:40:12 AM PST by GOPsterinMA (And who doesn't have baggage?)
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To: sunmars

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.


30 posted on 01/12/2012 10:42:48 AM PST by TNMountainMan (Happy New Year!)
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To: sunmars

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.


31 posted on 01/12/2012 11:22:26 AM PST by Apparatchik (If you find yourself in a confusing situation, simply laugh knowingly and walk away - Jim Ignatowski)
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To: sunmars

DOH!


32 posted on 01/12/2012 11:24:09 AM PST by ducttape45
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To: sunmars

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


33 posted on 01/12/2012 11:35:17 AM PST by Sarah Barracuda
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To: sunmars

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!!!


34 posted on 01/12/2012 11:42:38 AM PST by JLAGRAYFOX
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To: sunmars

Okay, where’s the picture of Baghdad Bob telling us that there is no rise in unemployment claims???


35 posted on 01/12/2012 11:45:36 AM PST by SoldierDad (Proud dad of an Army Soldier currently deployed in the Valley of Death, Afghanistan)
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To: sunmars

Yeah, following a “unexpectedly” low number for a holiday week. Imagine that. As predictable as dead people voting in Chicago.


36 posted on 01/12/2012 11:48:50 AM PST by NonValueAdded ("At a time like this, we can't afford the luxury of thinking!")
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To: sunmars
Green shoots smiling at me.
Nothing but green shoots do I see.
37 posted on 01/12/2012 11:56:31 AM PST by comebacknewt (Newt (sigh) what could have been . . .)
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To: comebacknewt
Ummmm...
Those dastardly retailers let go of the temporary Christmas help at the first of the year... How Dare they... Holy is Obama, they have committed blasphemery! How dare those retailers not keep people they don't need...
38 posted on 01/12/2012 12:07:34 PM PST by BigEdLB (Now there ARE 1,000,000 regrets - but it may be too late.)
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To: sunmars

400,000 is the `psychological barrier` so VOILA, the number is 399,000.


39 posted on 01/12/2012 12:16:19 PM PST by BigEdLB (Now there ARE 1,000,000 regrets - but it may be too late.)
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To: sunmars

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 #.


40 posted on 01/12/2012 12:29:57 PM PST by for-q-clinton (If at first you don't succeed keep on sucking until you do succeed)
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To: sunmars

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.


41 posted on 01/12/2012 12:52:14 PM PST by Blackyce (President Jacques Chirac: "As far as I'm concerned, war always means failure.")
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To: sunmars
A person can't even get an honest days news anymore....

Is there ANYTHING good that we can count on?

42 posted on 01/12/2012 1:51:02 PM PST by EGPWS (Trust in God, question everyone else)
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To: Deo volente

SHAZZAM!!!!


43 posted on 01/12/2012 1:54:37 PM PST by EGPWS (Trust in God, question everyone else)
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To: manc

Snow started this morning in Chicago. We have had almost none so far this season. It might all come at once.


44 posted on 01/12/2012 2:19:48 PM PST by arrogantsob (Obama must Go.)
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To: arrogantsob

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.


45 posted on 01/12/2012 2:25:27 PM PST by manc (Marriage is between one man and one woman.Trolls get a life, I HATE OUR BIASED LIBERAL MEDIA.)
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To: EGPWS
Is there ANYTHING good that we can count on?

Not while the Messiah in Chief if running/ruining things.

46 posted on 01/12/2012 2:25:47 PM PST by trussell (I carry because...When seconds count between life and death, the police are only minutes away)
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To: sunmars

Obamanomics—it’s working.


47 posted on 01/12/2012 2:27:53 PM PST by Eleutheria5 (Diplomacy is war by other means.)
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To: manc

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.


48 posted on 01/12/2012 2:34:42 PM PST by arrogantsob (Obama must Go.)
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To: sunmars

Once all the mall Santas got laid off...BINGO


49 posted on 01/12/2012 2:36:35 PM PST by Vaquero ("an armed society is a polite society" Robert A. Heinlein)
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To: arrogantsob

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.


50 posted on 01/12/2012 2:45:44 PM PST by manc (Marriage is between one man and one woman.Trolls get a life, I HATE OUR BIASED LIBERAL MEDIA.)
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