Superstorm boosts jobless claims, hits factories

Chicago Tribune ^ | November 15, 2012 | by Jason Lange

[Oldeconomybuyer]

(Reuters) - Superstorm Sandy drove a surge in new claims for U.S. jobless benefits last week and weighed on factory activity in November, providing early signs of how heavily the storm could hit the U.S. economy in the fourth quarter.

Initial claims for state unemployment benefits rose 78,000 to a seasonally adjusted 439,000, the highest level since April 2011, the Labor Department said on Thursday.

It was the biggest one-week jump since the spike caused by Hurricane Katrina in September 2005.

[Oldeconomybuyer]

At least they didn't blame it on a YouTube video.

[massgopguy]

Charging the same rates for Local Mail and Air Mail is stupid.

[ari-freedom]

or Bush

[griswold3]

So, no one is looking at the numbers from NJ? Those don’t reflect Sandy’s effects so it seems. Wait until next week!

[yoe]

U.S. Postal workers are among the best paid with excellent retirement benefits - which are not sustainable. No business could for long be run the way the U.S.P.O is. Socialism is fine....until the money runs out...yes the U.S. can print more making the $ even more worthless...next in line are the United States Federal and governmental employees.........

[TurboZamboni]

Sandy due to global warming which is Bush’s fault.

[Chuzzlewit]

wow... me thinks that “super storm” will be the cause of a ruined economy for the next 4 years, that and Bush of course.

[builder]

That Sandy Bush guy, sure did leave our president in terrible shape.

Amazing at the convoluted reaches the administration and it's willing press go to, to describe the One's complete ineptitude. SIGH.

[ScottinVA]

Hurricane Sandy was nearly four weeks ago, yet somehow is the cause for last week’s upsurge in UE claims, eh? And we’re expected to believe that tripe?

[null and void]

Weather. Yeah, that's the ticket!

Since the election:

(Updated 11/13/12 at 7:00M PST)

Layoff numbers

Organization	# Laid off	Running total	Sector	Notes
AMD	400	400	Electronics
American Coal	54	454	Energy
American Cotton Growers	110	564	Agriculture
Ameridose	790	1354	Health
Art Gallery of Windsor	12	1366	Art Gallery	Canada
Associated Milk Producers Inc	130	1496	Agriculture
ATI	172	1668	Education
Atlantic Club	80	1748	Gaming
Atlantic Lotto Corp	16	1764	Gaming
Bartikowsky Jewelers	25	1789	Retail	Business closure
Bayou Cane	7	1796	Government	Firefighters
Bechtel Power Corp	277	2073	Energy	Turkey Point
Brake Parts LLC	75	2148	Automotive
Brattleboro Retreat	27	2175	Health	Drug and alcohol counseling
Bristol-Myers Squibb	479	2654	Health
Career Education Corp	900	3554	Education
Caterpillar	100	3654	Construction Eq
Center for Hospice and Palliative Care	40	3694	Health
Cigna	1300	4994	Health
Citigroup	100	5094	Banking
Commerzbank AG	6000	11094	Finacial Services	Cuts in Germany
Community Newspaper Holdings Inc	21	11115	Media
Corning	100	11215	Manufacturing
Covidien	595	11810	Health
Crouse Hospital Syracuse	70	11880	Health
Cummins	1500	13380	Automotive	Expected total
CVPH	17	13397	Health
Dahlgren's	12	13409	Food
Dana Holding Corp	7	13416	Automotive
dapd	100	13516	Media	Cuts in Gemany
DuPont	64	13580	Defense	Kevlar/Nomex plant. Planning 1500 layoffs 2013.
Energizer	1500	15080	Energy
Ericsson	1550	16630	Consumer Electronics	Cuts in Sweden
Exide	150	16780	Energy
Gameforge Berlin	20	16800	Online Games	Cuts in Germany
Gamesa Energy	92	16892	Energy
Glens Falls Hospital	29	16921	Health
Groupon	600	17521	Consumer
Hamilton FD	17	17538	Government	Firefighters
Hawker Beechcraft	410	17948	Aerospace
Hill-Rom	200	18148	Med Eq/Dev Mfg
Hostess Brands	627	18775	Food
Husqvarna	600	19375	Tools	Cuts in Sweden
Iberia	7000	26375	Airline	Cuts in Spain
ING	2350	28725	Finacial Services
Iron Range	4	28729	Non-profit	Battered women
ITW Consumer	73	28802	Manufacturing	Plant closure
Kinetic Concepts	427	29229	Health
Lightyear Network Solutions	14	29243	Software/internet
Lower Bucks Hospital	30	29273	Health
Lulu	9	29282	Publishing	More to come
Majestic Star Cassino	80	29362	Entertainment
Medtronic	500	29862	Med Eq/Dev Mfg
Mills Manufacturing	68	29930	Defense
Mississippi County AR	12	29942	Government
Momentive Performance Materials	150	30092	Chemicals
Monitor Group	235	30327	Consultancy
Murray Energy Corporation	48	30375	Energy
NBCUniversal	500	30875	Media
New Energy	40	30915	Energy
OCE	135	31050	Office equip
Optus	184	31234	Telecommunications	Jobs in Australia
Otsego County	10	31244	Government
Panasonic	10000	41244	Consumer Electronics	Japan, cold/pneumonia
Penn Refrigeration	40	41284	Commercial Service
PerkinElmer	66	41350
Pierce Manufacturing	325	41675	Ambulance mfg	325 ultimate, not all now
Pratt & Whitney Rockedyne	100	41775	Aerospace
Providence Journal	23	41798	Media
Research in Motion	200	41998	Consumer Electronics
SAS	6000	47998	Airline	Cuts in Scandinavian countries
Smith & Nephew	104	48102	Med Eq/Dev Mfg
Smithfield Foods	120	48222	Food	Plant shutdown, 400 more to come
SNS Reaal	750	48972	Banking	750 now, 2000 ttl Holand
Solel	140	49112	Energy	Jobs in Israel
Southeastern Container	15	49127	Consumer
SRA International	222	49349	IT Federal contractor
St Jude Medical	300	49649	Health
St. Lawrence County	30	49679	Government	Health dept.
Stryker	96	49775	Med Eq/Dev Mfg	96 now, 1170 total
Sun Media - newspaper div	500	50275	Media
TE Connectivity	620	50895	Electronics
Teco Coal Corporation	90	50985	Energy
Texas Instruments	1700	52685	Electronics	World wide
The Commercial Appeal	11	52696	Media
Timken	175	52871	Heavy industry	Alternating week on/week off for ~350
TMX Group, Ltd.	100	52971	Finacial Services	Cuts in Canada
TooeleCounty, UT	22	52993	Government
TurboCare	88	53081	Energy
U.S. Cellular	980	54061	Electronics
Umatilla Chemical Depot	34	54095	Defense
UtahAmerican Energy	102	54197	Energy
Vestas	3000	57197	Energy
Wake Forrest Baptist Medical Center	76	57273	Health	Will be 950 total
Welch Allyn	275	57548	Med Eq Mfg
West Ridge Mine	102	57650	Energy
Westchester County	126	57776	Government	"Mostly social services"
Westinghouse	17	57793	Hi Tech Services
Westinghouse Anniston	50	57843	Defense
Wingspan Portfolio Advisors	459	58302	Finacial Services
Wright-Patterson	115	58417	Defense
Xerox	2500	60917	Office equip
Yakima Regional Medical Center	10	60927	Health

Layoffs without exact number specified

Organization	% Laid off	# Affected	Sector	Notes
Boeing Defense, Space & Security	30		Defense	Executive Staff
Dana			Automotive	"A large number"
EMD Millipore	2		Biotech
Plexus Corp			Manufacturing
Saugerties, NY			Government
SCA			Paper products
Slidell, LA			Government	"Will try to spread equally"
Standard Bank Group	10		Banking	London
United Blood Services	10		Health	All staff
Wilkes-Barre, PA			Government	Firefighters
Atlantic City casinos			Gaming
Panasonic			Electronics
GE Healthcare			Health
SIU Carbondale			Education

Worker Reduction In Scheduled Time (to below ObamaCare threshold)

Organization	% WRIST	# Affected	Sector	Notes
Darden Restaurants			Food service
JANCOA Janitorial Services			Janitorial Service
Kroger			Grocery
Applebee's			Food service
Papa John's			Food service

[bereanway]

So Sandy caused claims to jump in PA and OH which were the two states reporting the biggest increases in claims?

Sandy had nothing to do with this increase. The fairytale numbers reported before the election are the true reason of this huge jump.

[dfwgator]

Now that the election is over, why waste time cooking the books?

[BO Stinkss]

I couldn’t find the name of the “factory” in the article. You would think it woud be mentioned since it lost 78,000 jobs.

[null and void]

Hurricane Sandy was nearly four weeks ago, yet somehow is the cause for last week’s upsurge in UE claims, eh? And we’re expected to believe that tripe?

This year we are expected to believe it.

Next year we will be required to believe it.

[NonValueAdded]

Who knew that Hurricane Sandy hit Ohio? or non-coastal Pennsylvania?

[rurgan]

They can't blame Bush anymore so now it's Sandy's fault.

They faked all the economic stats before the election. Now the real stats are coming out.
Notice that this tyrannical government kept ALL of the fake economic stats precisely where they needed so that the media could claim the economy was improving. The government committed fraud with this and also the democrats perpetrated massive voter fraud to get the evil communist Obama elected. how much more will we take?

[bjc]

This type of reporting reminds me of Pravda in the old and not so old days. The Tribune editors must be stupid or ignorant or fellow travelers or all three.

[CSM]

Yep, the superstorm that hit us on November 6th!

[OrioleFan]

We got a dusting of wet snow in SW Ohio - didn’t affect unemployment.

[null and void]

Correction, that was updated 11/15/12 at 9:00 AM