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US unemployment aid applications rise to 386K
AP via Yahoo news ^ | June 14, 2012 | Christopher S. Rugaber

Posted on 06/14/2012 5:59:29 AM PDT by John W

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To: RobertClark
In the past two weeks, 240k have fallen off the 99 week cliff and are no longer counted. They, likely, sure as he77 are not employed, but thankfully, for Obama, they are no longer counted as unemployed.

The unemployment rate is calculated from the Bureau of Labor Statistics household survey and has nothing to do with the people collecting unemployment checks. You can be unemployed according to the BLS without being eligible for unemployment (formerly self employed, just out of school, out for too long, not looking for work enough for local unemployment office and lost your benefit). You can also be collecting unemployment checks without being unemployed according to the BLS (in school for a retraining program where you still get unemployment checks, not looking for work hard enough for the BLS to count you, not immediately available for work due to injury or illness).

51 posted on 06/14/2012 7:15:32 AM PDT by KarlInOhio (You only have three billion heartbeats in a lifetime.How many does the government claim as its own?)
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To: mellow velo

Look back and the Dems were pushing for Iraq 1991 (Desert Storm).
I believe the age of Obama (neo-progs) saw their opportunity in 2001 when the Dems voted for Iraq and then did a 360.
The hard left were willing to say or do anything to win and the media was willing to back them up.


52 posted on 06/14/2012 7:19:01 AM PDT by Leep (Enemy of the Statist)
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To: KarlInOhio

It was an observation, not a commentary on the methodology utilized by the BLS to calculate initial claims (which is what the thread referenced). But, thanks for reiterating easily obtained information.


53 posted on 06/14/2012 7:24:10 AM PDT by RobertClark (Be prepared, be polite, be professional and have a plan to kill everyone you meet.)
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To: TMA62

I’m sorry to hear that. What is your line of work?


54 posted on 06/14/2012 7:40:23 AM PDT by ecomcon
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To: KarlInOhio

Excellent post.

The definitions of unemployment rate and unemployment claims are widely misunderstood.


55 posted on 06/14/2012 7:47:11 AM PDT by nascarnation
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To: laconic
Last week’s figures were “upwardly revised” this week? What a surprise — just how many times has that happened in the past four years?

Don't remember exactly but it's about the 50th week in a row that it's happened. Each week is underestimated, which makes the next week's "rise" look smaller because it's based on the unwardly revised previous week.

56 posted on 06/14/2012 8:02:29 AM PDT by citizen (Obomo blames:Arab Spring,Banks,Big Oil,Bush,Ceos,Coal,Euro Zone,FNC,Jpn Tsunami,T Party,Wall St,You)
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To: John W

More proof that the private sector is doing fine.


57 posted on 06/14/2012 8:04:22 AM PDT by Fresh Wind ('People have got to know whether or not their president is a crook.' Richard M. Nixon)
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To: ecomcon

Civil engineering with an emphasis in transportation. There will be possibilities in the future so I am optimistic.


58 posted on 06/14/2012 8:28:47 AM PDT by TMA62 (Al Sharpton - The North Korea of race relations)
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To: exit82

The unexpectedliness is getting waist deep this Summer.


59 posted on 06/14/2012 9:15:18 AM PDT by fwdude ( You cannot compromise with that which you must defeat.)
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To: Free America52
this should put a damper on his major economic speech today.

Or, he'll try to use it to his advantage as he unveils and orders Congress to pass his latest borrow-and-spend-and-soak-the-rich scheme in his grand plan to "fundamentally change" the nation and hasten our march toward Euro-style socialism.

60 posted on 06/14/2012 9:50:20 AM PDT by newgeezer (It is [the people's] right and duty to be at all times armed. --Thomas Jefferson)
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To: laconic
Last week’s figures were “upwardly revised” this week? What a surprise — just how many times has that happened in the past four years?

It's never been revised down. It always gets revised up later.
They're spinning the numbers as hard as they can right now to avoid a panic - or hurt Obomas chances of reelection, of course.

61 posted on 06/14/2012 10:01:43 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: John W

Is this our second or third “Summer of Recovery”?

I’m so confused.


62 posted on 06/14/2012 10:13:54 AM PDT by Uncle Miltie (The Presidential Race is about the relative light reflectivity of your Socialist Slavemaster.)
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To: traderrob6

What are the chances that they haven’t been cooking the books every week?

Well, if the odds of being over or under are 50% in each instance, the odds they aren’t cooking the books are:

0.000000000000000002710%

Which means the odds that the books are cooked are:

99.9999999999999999997390%


63 posted on 06/14/2012 10:27:21 AM PDT by Uncle Miltie (The Presidential Race is about the relative light reflectivity of your Socialist Slavemaster.)
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To: Stevenc131

None of these “new claim” numbers mean anything except to the guys doing the filing. There are always, even in the best of times, people changing jobs, and companies closing down. They must always be compared to the number of new jobs being filled. Our population requires about 120K NEW jobs/ month just to keep up with population growth. It’s been some years tho since we were at even that level. New filings can go all the way down to 100K / month in the current market and we will STILL BE losing ground-——so all the bullwhackey about how good things would be if the new filings would just drop below 400K-—376K-—350K-—275K——200K ( following me? ) are just meaningless BS. Until new filings are less than new hirings we will be circling the terlet bowl. Every other form of “analysis “is vaporized upchuck.-—————————————————I have to go rest now.


64 posted on 06/14/2012 1:36:26 PM PDT by cherokee1 (skip the names---just kick the buttz)
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To: Fresh Wind
More proof that the private sector is doing fine.

MAYBE HE OUGHT TO TRY THE PUBLIC SECTOR...

65 posted on 06/14/2012 2:14:33 PM PDT by SeekAndFind (bOTRT)
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To: unixfox

“The numbers are WAY worse than what they are reporting.”

That is why I’m really starting to believe Obama will lose. Regardless of what the idiot box spouts each night, too many people are either out of work or have family members out of work. They know the true situation on the ground, and will vote accordingly. Lying to their faces just adds insult to injury...


66 posted on 06/15/2012 3:10:46 AM PDT by kearnyirish2
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To: Stevenc131

Wait wait wait.....we see the unemployment claim numbers...where in the hell are the “new jobs created” numbers the BLS (Obama) always has? They used to say “private sector created 100,000 jobs...blah blah blah...”


67 posted on 06/22/2012 1:21:53 AM PDT by Gaffer
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