Skip to comments.Superstorm boosts jobless claims, hits factories
Posted on 11/15/2012 9:31:27 AM PST by 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.
(Excerpt) Read more at chicagotribune.com ...
Charging the same rates for Local Mail and Air Mail is stupid.
So, no one is looking at the numbers from NJ? Those don’t reflect Sandy’s effects so it seems. Wait until next week!
Sandy due to global warming which is Bush’s fault.
wow... me thinks that “super storm” will be the cause of a ruined economy for the next 4 years, that and Bush of course.
Amazing at the convoluted reaches the administration and it's willing press go to, to describe the One's complete ineptitude. SIGH.
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?
Since the election:
(Updated 11/13/12 at 7:00M PST)
|Organization||# Laid off||Running total||Sector||Notes|
|American Cotton Growers||110||564||Agriculture|
|Art Gallery of Windsor||12||1366||Art Gallery||Canada|
|Associated Milk Producers Inc||130||1496||Agriculture|
|Atlantic Lotto Corp||16||1764||Gaming|
|Bartikowsky Jewelers||25||1789||Retail||Business closure|
|Bechtel Power Corp||277||2073||Energy||Turkey Point|
|Brake Parts LLC||75||2148||Automotive|
|Brattleboro Retreat||27||2175||Health||Drug and alcohol counseling|
|Career Education Corp||900||3554||Education|
|Center for Hospice and Palliative Care||40||3694||Health|
|Commerzbank AG||6000||11094||Finacial Services||Cuts in Germany|
|Community Newspaper Holdings Inc||21||11115||Media|
|Crouse Hospital Syracuse||70||11880||Health|
|Dana Holding Corp||7||13416||Automotive|
|dapd||100||13516||Media||Cuts in Gemany|
|DuPont||64||13580||Defense||Kevlar/Nomex plant. Planning 1500 layoffs 2013.|
|Ericsson||1550||16630||Consumer Electronics||Cuts in Sweden|
|Gameforge Berlin||20||16800||Online Games||Cuts in Germany|
|Glens Falls Hospital||29||16921||Health|
|Hill-Rom||200||18148||Med Eq/Dev Mfg|
|Husqvarna||600||19375||Tools||Cuts in Sweden|
|Iberia||7000||26375||Airline||Cuts in Spain|
|Iron Range||4||28729||Non-profit||Battered women|
|ITW Consumer||73||28802||Manufacturing||Plant closure|
|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|
|Mississippi County AR||12||29942||Government|
|Momentive Performance Materials||150||30092||Chemicals|
|Murray Energy Corporation||48||30375||Energy|
|Optus||184||31234||Telecommunications||Jobs in Australia|
|Panasonic||10000||41244||Consumer Electronics||Japan, cold/pneumonia|
|Penn Refrigeration||40||41284||Commercial Service|
|Pierce Manufacturing||325||41675||Ambulance mfg||325 ultimate, not all now|
|Pratt & Whitney Rockedyne||100||41775||Aerospace|
|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|
|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|
|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|
|Umatilla Chemical Depot||34||54095||Defense|
|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|
|Wingspan Portfolio Advisors||459||58302||Finacial Services|
|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"|
|Slidell, LA||Government||"Will try to spread equally"|
|Standard Bank Group||10||Banking||London|
|United Blood Services||10||Health||All staff|
|Atlantic City casinos||Gaming|
Worker Reduction In Scheduled Time (to below ObamaCare threshold)
|Organization||% WRIST||# Affected||Sector||Notes|
|Darden Restaurants||Food service|
|JANCOA Janitorial Services||Janitorial Service|
|Papa John's||Food service|
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.
Now that the election is over, why waste time cooking the books?
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.
This year we are expected to believe it.
Next year we will be required to believe it.
Who knew that Hurricane Sandy hit Ohio? or non-coastal Pennsylvania?
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?
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.
Yep, the superstorm that hit us on November 6th!
We got a dusting of wet snow in SW Ohio - didn’t affect unemployment.
Correction, that was updated 11/15/12 at 9:00 AM
ALL those companies in post 10 were headquartered in lower Manhatten!
Cummins 1500 13380 Automotive
headquartered in lower Manhatten
Don’t sound right.
Cummins laid off 1500
The running total on alphabetized the list at that point is 13380.
Cummins is in the engine mfg business, if describing that as part of the automotive sector offends you, suggest a better category.
I think you needed a </sarcasm> tag...
Cummins is based in NY?.
I know...shoulda had one.
“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.”
Regretfully, I must remind you that you are not qualified to employ logic, reasoning or even basic reading comprehension. There are far more qualified people than you to employ these skills in both the government and the official government media outlets. This will be your only warning. Should you question such things again we will be forced to re-educate you, for your own good and the good of the people.
Now, please restate your provacative comments as such: The storm named Sandy caused the unexpected increase in jobless claims in PA and OH. Dear Leader will take the necessary action required to help the poor, homeless (and now jobless) victims of Sandy in OH and non-coastal PA.
P.S. We are watching you.
Did post #24 clear that up?
Four years of “Bush’s fault”, followed by four years of “Sandy’s fault”, with a brief intermission for “YouTube’s fault”. If Obama is not responsible for anything that has happened since he seized power, and he was not informed of anything that happened (whether an attack on our embassies, or an investigation of our CIA director), exactly how did he earn a Nobel Prize and re-election?
Color me shocked! I did not realize there were so many factories in the beach towns of NY and NJ!