Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Jobless Claims Stuck at Dec 11 Level, Consumer Confidence Remains Weak
Confounded Interest ^ | 08/30/2012 | Anthony B. Sanders

Posted on 08/30/2012 11:25:08 AM PDT by whitedog57

Jobless claims were little changed at 374,000 in the week ended Aug. 25, matching the upwardly revised figure from the prior week, the Labor Department reported today in Washington. The four-week moving average, a less volatile measure, climbed to a six-week high.

In fact, jobless claims are at December 2011 levels, indicating fear of new taxes from Obamacare and the dreaded fiscal cliff.

Continuing jobless claims are stuck at March 2012 levels, not a good sign this far after the end of the recession.

On the other hand, Consumer spending in the U.S. climbed in July for the first time in three months. Purchases increased 0.4 percent after being little changed in June, Commerce Department figures showed today in Washington. But that was less that the median estimate of 0.5%. Incomes climbed 0.3 percent for a third month.

Bloomberg’s Consumer Comfort Index printed at -47.3, little changed from the prior week’s reading of -47.4.

I wonder which economist said the state of the economy was excellent?

(Excerpt) Read more at confoundedinterest.wordpress.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: claims; confidence; jobless; obama
Scary charts. Welcome to Obama's recovery!
1 posted on 08/30/2012 11:25:14 AM PDT by whitedog57
[ Post Reply | Private Reply | View Replies]

To: whitedog57

Well, at least the article did not contain the word “unexpectedly”. Meanwhile, I note the prior week was adjusted upward, that seems to be a trend which remains unabated.

Consumer spending is up. I wonder what it is in inflation adjusted dollars? Just picked up some gasoline at a tad under 4 a gallon here which is close to its all time high.


2 posted on 08/30/2012 11:31:23 AM PDT by Mouton (Voting is an opiate of the electorate. Nothing changes no matter who wins..)
[ Post Reply | Private Reply | To 1 | View Replies]

To: whitedog57
Heard this on the AM drive (WSB) in Atlanta...the news lady spouted the government numbers and then put on a recorded blurb from some black lady from the labor department trying (supposedly) to verbally 'wheedle' the meaning....

[paraphrased because I don't listen that well to idiots]

"Well, although the numbers haven't changed, there ARE employers hiring and there ARE people working, so it could just possibly, maybe, hopefully be that things are seeming like possibly they are IMPROVING."

Total government Obama bullshit.

3 posted on 08/30/2012 11:36:11 AM PDT by Gaffer
[ Post Reply | Private Reply | To 1 | View Replies]

To: whitedog57

title is incorrect.


4 posted on 08/30/2012 11:51:34 AM PDT by Perdogg (Mutts for Mitt all agree - Better in the crate than on the plate)
[ Post Reply | Private Reply | To 1 | View Replies]

To: whitedog57
Jobless Claims Stuck at Dec '12 Level
In fact, jobless claims are at December 2011 levels
Continuing jobless claims are stuck at March 2012 levels

All over the map.

5 posted on 08/30/2012 11:55:44 AM PDT by ClearCase_guy (I'm not voting for Romney. The Grand Old Whig Party doesn't own my vote and failed to earn it.)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson