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US unemployment applications flat at 374,000
AP via Fox News ^ | August 30, 2012 | AP

Posted on 08/30/2012 6:16:33 AM PDT by John W

WASHINGTON – The number of Americans seeking unemployment benefits was unchanged last week at a seasonally adjusted 374,000, suggesting slow improvement in the job market.

The Labor Department said Thursday that the four-week moving average, a less volatile measure, increased to 370,250.

Applications are a measure of the pace of layoffs. When they fall consistently below 375,000, it generally suggests that hiring is strong enough to lower the unemployment rate.

Unemployment applications have risen slightly over the past three weeks. Last week's number was revised upward to 374,000 from the 372,000 that was reported initially. That was its second straight increase.

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


TOPICS: Business/Economy; News/Current Events
KEYWORDS:

1 posted on 08/30/2012 6:16:39 AM PDT by John W
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To: John W
suggesting slow improvement in the job market.

AP positive spin ping.

2 posted on 08/30/2012 6:19:12 AM PDT by JaguarXKE (If my Fluffy had a puppy, it would look like the puppy Obama ate!)
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To: John W

The spin is incredible. A new rule has been created this week. As long as this number stays below 370,000 unemployment will go down. Really? That’s a new one.


3 posted on 08/30/2012 6:20:16 AM PDT by ilgipper
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To: John W

Told ya all!!! High gas prices, Hate America, Obama, The Destroy America, Democrats = Failed economy!!! End of story!!!


4 posted on 08/30/2012 6:20:30 AM PDT by JLAGRAYFOX ( My only objective is defeat and destroy Obama & his Democrat Party, politically!!!)
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To: John W
When they fall consistently below 375,000, it generally suggests that hiring is strong enough to lower the unemployment rate

Yeah, whatever you say.

5 posted on 08/30/2012 6:20:53 AM PDT by Right Brother
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To: ilgipper

Oops. I got my number wrong. As long as it is below 375,000 we are in the right direction. Magically we are a few thousand below that.


6 posted on 08/30/2012 6:21:26 AM PDT by ilgipper
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To: JaguarXKE

The number of Americans seeking unemployment benefits was unchanged last week at a seasonally adjusted 374,000, suggesting slow improvement in the job market.

The Labor Department said Thursday that the four-week moving average, a less volatile measure, increased to 370,250.

Applications are a measure of the pace of layoffs. When they fall consistently below 375,000, it generally suggests that hiring is strong enough to lower the unemployment rate.

Unemployment applications have risen slightly over the past three weeks. Last week’s number was revised upward to 374,000 from the 372,000 that was reported initially. That was its second straight increase.

This must be that new math


7 posted on 08/30/2012 6:23:07 AM PDT by italianquaker ( 17 percent of the tea partiers support barry obama, the fox poll said so lol)
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To: italianquaker

No, they can report that there was no INCREASE because last week’s figures were revised UPWARD by the amount of the increase so they can report claims remained FLAT, week to week. Otherwise, the headline would have to read “Umemployment claims up by 2,000”. These revisions only happen every week and what, 68 out of the past 69 weeks have seen these same upward “revisions”?


8 posted on 08/30/2012 6:27:59 AM PDT by laconic
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To: italianquaker

I’ve said all along that these numbers are fudged. It’s been going on through several presidential administrations, Democrat and Republican, but under this administration, the creative accounting has become epic.


9 posted on 08/30/2012 6:30:47 AM PDT by fatnotlazy
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To: John W
When they fall consistently below 375,000, it generally suggests that hiring is strong enough to lower the unemployment rate.

Where's the picture of the "WTF Cat?"

Under Bush, the number was 300,000.

10 posted on 08/30/2012 6:32:07 AM PDT by Night Hides Not (The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)
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To: John W

AP spin...Unemployment at 25%. 75% of America is working!


11 posted on 08/30/2012 6:32:50 AM PDT by albie
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To: John W

I am surprised that there is only 374,000 unemployed. The way the media makes it seem, it should be around 100 million.


12 posted on 08/30/2012 6:41:02 AM PDT by napscoordinator (Paul Ryan/Rick Santorum 2012....That would be the best scenario ever.)
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To: John W

So, doing just as horrible as you did last month equalls “slowly improving”? What universe do these people live in?


13 posted on 08/30/2012 6:41:21 AM PDT by circlecity
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To: napscoordinator

That is 374,000 NEW applications for unemployment benefits last week alone.


14 posted on 08/30/2012 6:42:35 AM PDT by John W (Viva Cristo Rey!)
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To: Night Hides Not

Actually, under Bush it was 250,000. It has been constantly revised upward for Obama. Earlier this year it was 325,000, now all of the sudden it is 375,000. My guess is if he is re-elected it will go to 500,000 by the end of next year.

Lower the standards, that way they can be successfully met.


15 posted on 08/30/2012 6:44:20 AM PDT by Maryland Man
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To: John W

Re-Elect Obama - "It's not as bad as it could be"


16 posted on 08/30/2012 6:47:35 AM PDT by Iron Munro ("In any compromise between good and evil, it is only evil that can profit." - Ayn Rand)
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To: John W
This is a very unnerving news piece to say the least.

For the first time in 3 years the unemployment rate change is NOT unexpected.

What is happening?

Is there shenanigans going on because of the convention or something?

17 posted on 08/30/2012 6:53:56 AM PDT by EGPWS (Trust in God, question everyone else)
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To: EGPWS

Think they’ve moved on to the slow improvement meme.


18 posted on 08/30/2012 6:55:19 AM PDT by John W (Viva Cristo Rey!)
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To: John W
Last week's number was revised upward to 374,000 from the 372,000 that was reported initially.

I didn't expect that...............so instead of INCREASING this week by 2000, they can say 'FLAT'.........

19 posted on 08/30/2012 7:00:52 AM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: John W
Think they’ve moved on to the slow improvement meme.

Okay.

Is that something like "preelection day" status?

After all this time of getting drunk on Thursdays *drink* when seeing the word unexpectedly me thinks I'm in for a bit of the "DT"s.

20 posted on 08/30/2012 7:00:56 AM PDT by EGPWS (Trust in God, question everyone else)
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To: napscoordinator

That’s 374,000 NEWLY unemployed just this week! Not counting all the 360,000 or so from EVERY WEEK PREVIOUS...........


21 posted on 08/30/2012 7:02:39 AM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: Maryland Man

...”Lower the standards, that way they can be successfully met.”...

That is exactly how Barack Obama has proceeded through life - on the basis of lowered standards and skin melanin content...


22 posted on 08/30/2012 7:09:42 AM PDT by astounded (Barack Obama is a clear and present danger to the USA)
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To: laconic

“No, they can report that there was no INCREASE because last week’s figures were revised UPWARD by the amount of the increase so they can report claims remained FLAT, week to week.”

Bingo...we have a winner !!!


23 posted on 08/30/2012 7:11:30 AM PDT by IWONDR
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To: John W
The CBS radio news at the top of the hour each week uses some fool economist who always says that this is a good sign that shows jobs are coming back. He's been saying this for the last year, right on cue every Thursday morning. How do these people keep their teaching jobs?
24 posted on 08/30/2012 7:17:37 AM PDT by aegiscg47
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To: Red Badger

Holy cow. I didn’t realize it was new unemployment numbers. Thanks!


25 posted on 08/30/2012 7:19:31 AM PDT by napscoordinator (Paul Ryan/Rick Santorum 2012....That would be the best scenario ever.)
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To: aegiscg47

My AM radio station has the “Wall Street Journal Report” and right before the hour and the news and the reporter is almost always giddy with news that might look favorable for the regime, even if like the unemployment claims come in as “expected” or slightly above or below. And like you said, they seem to find some economists or broker to give them a sound bite saying something along the lines “it’s not to bad, or not to good.” Or, “we are on the right track, albeit to slow.” It’s like these newsreaders at the Journal don’t even read what their paper writes about the economy.

And Fox News radio is just as bad. They are better than AP or ABC radio for sure.


26 posted on 08/30/2012 7:23:36 AM PDT by The South Texan (The Drive By Media is America's worst enemy and American people don't know it.)
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To: EGPWS
Is there shenanigans going on because of the convention or something?

Well, if the Democrat Convention is any indicator you can see why jobs don't improve.

The Democrats can't even organize a 3-day event. Go try to find their schedule. There ain't one. They have a list of shifting (and shifty) speakers, but no indication of when the convention is called to order, who will talk on day one, day 2, day3.

All I can find out is that days 1-2 are in the Arena and day 3 is in the stadium "to reach more voters".

Hey, most of the DEMS are staying home and the re-coronation is being televised. So, how does the Stadium get more people?

Just more smoke and mirrors from the gang that couldn't shoot straight.

27 posted on 08/30/2012 7:26:21 AM PDT by plangent
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To: JaguarXKE

The title is a lie. The number was 372,000 last week. The weekly reported number increased.

And, even if one were to allow them their little games with numbers and words, they are saying that something bad that stays bad is an improvement.

That is deceit.


28 posted on 08/30/2012 7:33:05 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: xzins

Hussein is ALL ABOUT deceit.

As much as possible.


29 posted on 08/30/2012 7:56:31 AM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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To: John W

I think I’ve figured out their algorithm:

1) Get figures for new unemployment claims.

2) Publish figures a few thousand less than that value.

3) When figures for the next week turn up, revise old figure up so that new figure stays even or looks less.

4) Publish figure for the next set of unemployment claims as given in step (1)

5) Repeat as needed (if Obama is president, “as needed” = “almost every time”).

Done judiciously, these figures can appear to hold steady or trend down each week, even if they are actually increasing from week-to-week (and if you doubt me, just see what the article downplays as the four-week running average, an approach which washes out these magical “revisions”).


30 posted on 08/30/2012 8:11:10 AM PDT by Stosh
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To: xzins

Oh goodie - instead of my competing with 50+ other employees for one job opening, we can make it 75...

It is hard out there. Yes, there are jobs to be had but the competition is fierce. I am more than willing to take something with lower pay out of my field but have consistently run into the “you are over qualified”, “we have concerns you will quit for something with more pay”, etc. Hubby has it worse - he is 52 and is getting hit with age concerns by prospective employers. Sure, they are not supposed to talk about that stuff but you get their subtle point fast enough.

I’ve been trying to be upbeat, networking, sending resumes, etc. knowing something will break but this past week has seen me slipping mentally and emotionally.

To see these statistics and NO light at the end of the tunnel is frightening.


31 posted on 08/30/2012 8:25:05 AM PDT by nurees (Oh...there is a NEW Mexico (Homer Simpson))
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To: John W

Until next Thursday... When they will be revised upwards for the 80th week in a row.


32 posted on 08/30/2012 8:39:18 AM PDT by LibLieSlayer (If romney is our only chance... we have less of a chance than a Massachusetts fetus.)
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To: Night Hides Not

No... It was 120,000 jobs created a month just to keep up with immigration. Do not let them lie!


33 posted on 08/30/2012 8:40:55 AM PDT by LibLieSlayer (If romney is our only chance... we have less of a chance than a Massachusetts fetus.)
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To: laconic

Exactly. Suppose next week the numbers are 377,000, but the previous week (this week) is revised upward to 377,000 - “flat” again! We can go from 372 to 374 to 377 all the while the numbers are flat. The press may as well just run the headline “It’s not my boyfriend’s fault.”


34 posted on 08/30/2012 8:50:44 AM PDT by lawdvd
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To: John W

What a pantload.


35 posted on 08/30/2012 9:04:34 AM PDT by headstamp 2 (Liberalism: Carrying adolescent values and behavior into adult life.)
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To: nurees
I feel your pain, nurees. I don't have any easy answers for you. I'll be 60 YO in 18 months, and I saw the same age discrimination in jobs I applied for. My "favorite" memory was when an interviewer said to me 45 minutes into my interview, "I'm sorry, but your resume is too strong for this position".

The young lady didn't like my response, although I had a smile on my face: "I'd like to use your guidance and knowledge. Where should I dumb it down?"

It got to the point that I asked, "is this an actual job interview, or are you trying to fulfill your quota for the month?"

Perhaps a brief comment about my 60 YO sister may be of help. She was laid off from a major bank after 30+ years. When she moved to NV a few years ago, she needed a job to bring in extra cash. She went to work at a local supermarket, and they started her in the deli section. A few months later, she was moved to bookkeeping. Fast forward a year, she's now the head bookkeeper. The pay's not great, but the company covers 100% of health insurance.

Best wishes to you and your husband.

36 posted on 08/30/2012 9:04:52 AM PDT by Night Hides Not (The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)
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To: aegiscg47
"How do these people keep their teaching jobs?"

Tenure.

37 posted on 08/30/2012 9:15:08 AM PDT by In Maryland (Our rights come from nature and God, not government. - Paul Ryan)
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To: John W

Local Reno channels have not even reported the unemployment figures since about early July.

They are trying to hide it from the voters, IMO.


38 posted on 08/30/2012 9:47:35 AM PDT by ridesthemiles
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To: napscoordinator

Please tell us you were trying to be funny.

These weekly numbers are the NEW applications filed for those freshly unemployed.

When you run that number times 4+, you are looking at over 1 million, 500 thousand new applicaitons per month.


39 posted on 08/30/2012 9:50:04 AM PDT by ridesthemiles
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To: ridesthemiles

I wasn’t being funny. However a nice FREEPER explained it to me and now I am in the know.


40 posted on 08/30/2012 9:58:17 AM PDT by napscoordinator (Paul Ryan/Rick Santorum 2012....That would be the best scenario ever.)
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To: John W
I guess that's why the stock market is also flat today.
41 posted on 08/30/2012 10:53:07 AM PDT by mcleodglen
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