Posted on 01/19/2012 7:24:37 AM PST by facedown
WASHINGTON (AP) -- The number of people seeking unemployment benefits plummeted last week to 352,000, the fewest since April 2008. The decline added to evidence that the job market is strengthening.
Applications fell 50,000, the biggest drop in the seasonally adjusted figure in more than six years, the Labor Department said Thursday. The four-week average, which smooths out fluctuations, dropped to 379,000. That's the second-lowest such figure in more than three years.
(Excerpt) Read more at finance.yahoo.com ...
Expect to see dear leader on your screen today.
even though not mentioned in the article,, they obviously revised last week’s numbers upward to over 400,000 and now they can report a 50,000 reduction. How convenient.
Maybe we’re running out of people to lay off.
Unfortunately, a much larger majority than you or I would like to acknowledge accept this type of BS that they hear on the “news” as gospel truth. It is sad, very sad, but it is the reality of our society.
And, in unrelated news, The Costa Concordia has stopped sinking!
Happy days are here again!
“Applications fell 50,000” to 352,000. So that means, the 399k number was cooked to stay below 400k exactly like I said last week. Notice that they don’t even mention last weeks revised number.
My comment last week: “Conveniently submitted at 399,000. That way when it is revised up next week the 400,000 will fall below the MSM reporting.”
That means the previous number was revised up to 402K (I predicted 403.
8-(
“Does anyone in the entire country really believe these bogus numbers??”
I don’t know what I believe anymore, other than it appears arrangements are being made to make the economy appear to be “improving” enough to get Obama reelected.
PErhaps cooked, but I believe the trend. Since the Republican have taken over the house, things have gotten slowly better.
This WEEKLY rate of newly unemployed calculates to over 18 Million annually.
This is only slowing the rate of job destruction.
What will it take to actually begin growing jobs again in this country?
Fire Obama.
Fire the regulators who protect nothing, but destroy jobs and liberty.
Maybe we shouldn’t have taken the House in 2010. Now, thanks to the Tea Party, things are getting better, but that means Obummer will get credit and it will be harder to kick him out in November. We will be better off in the long run if the double dip starts in the next couple of months. The November election will be the thumbs up, thumbs down for this country (unless it’s Mitt vs. Obummer, then there IS no thumbs up).
Brian Williams will open the NBC News tonight wearing a party hat.
These are first time unemployment claims. May mean that the economy has shed about as many as it can. Doesn’t address those currently unemployed (and below the radar - maybe 15+%) or those underemployed in low paying jobs.
Down here in the oil patch, unemployment is down to 4%. A good sign that folks are getting higher paying jobs is first all the help-wanted signs out at the oil field service companies. For men or women with a CDL and drug free, you can earn starting salaries of $60,000 plus all sorts of benefits. And second, 24-hour convenience stores, coffee shops and the Walmart super center close at 10 or 11 p.m. because their employees are finding better jobs.
Well,I’ll be celebrating in Disneyland- His Highness
If there is any improvement, why then is the Fed looking at additional quantitative easing?
The number reflects further reduction in the number counted in the job force along with a previous week’s upward revision. A post Christmas reduction if you will, to be revised about the same time as the expiration of the current news cycle.
Swirling in the Toilet Bowl doesn’t necessarily mean it isn’t going down.
. /s
They can spin it anyway they want, the fact is their are less people working today than there were 3 years ago...
and the jobs are paying much less...
The American people know this, they see it everyday in the real world.
” bogus numbers?”
Hey! I didn’t supply these numbers! Leave me out of it!
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