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U.S. weekly jobless claims drop 25,000 to 370,000
marketwatch.com ^ | December 6, 2012 | Jeffry Bartash

Posted on 12/06/2012 5:44:44 AM PST by John W

WASHINGTON (MarketWatch) - Applications for U.S. unemployment benefits fell by 25,000 to a seasonally adjusted 370,000 in the week ended Dec. 1, the Labor Department said Thursday. That's the third straight decline and lowest reading in one month. Initial claims from two weeks ago were revised up to 395,000 from an original reading of 393,000, based on more complete data collected at the state level.

The average of new claims over the past month, meanwhile, edged up by 2,250 to 408,000. The four-week average reduces seasonal volatility in the weekly data and is seen as a more accurate barometer of labor-market trends

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


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: jobless; unemployment; unexpected

1 posted on 12/06/2012 5:44:49 AM PST by John W
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To: John W

....wait for the adjustment


2 posted on 12/06/2012 5:51:15 AM PST by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: John W

Whether Dems believe it It not, most Company’s are not Scrooge at this point in the year. A lot of Layoffs will hold off until the new year, add the letting go of the Holiday help. Feb will be bad.


3 posted on 12/06/2012 5:55:39 AM PST by DAC21
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To: John W

This must be pre-Citibank - 11,000.


4 posted on 12/06/2012 5:56:42 AM PST by jersey117
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To: John W
4-Week-Average Jobless Claims At 13-Month High As Sandy Effects Gone
5 posted on 12/06/2012 6:00:00 AM PST by Hoodat ("As for God, His way is perfect" - Psalm 18:30)
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To: John W

(((YAWN))) Anybody actually believe this stuff anymore?


6 posted on 12/06/2012 6:02:00 AM PST by FlingWingFlyer (Don't tax me bro! Tax that guy over there!)
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To: John W

“That’s the third straight decline .”

“The average of new claims over the past month, meanwhile, edged up by 2,250 to 408,000.”

Hmmm


7 posted on 12/06/2012 6:04:39 AM PST by lacrew (Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
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To: John W

Seasonal hiring. Wait for February.


8 posted on 12/06/2012 6:04:39 AM PST by ilovesarah2012
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To: ilovesarah2012

Bottom line translation: in the longer term trend, most people are screwed


9 posted on 12/06/2012 6:06:45 AM PST by hal ogen (First Amendment or Reeducation Camp?)
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To: John W
Many people can no longer collect unemployment for 99 weeks, but that doesn't mean they are employed. They just don't count as unemployed anymore.

U.S. Winds Down Longer Benefits for the Unemployed
New York Times

10 posted on 12/06/2012 6:08:17 AM PST by FR_addict
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To: John W

Check out the seasonal adjustment: -128,000. By contrast, Not Seasonally Adjusted Initial Claims increased by 139,678 - the highest since last January to 498,619. More fun with numbers from your pals at the Bureau of Lying with Statistics.


11 posted on 12/06/2012 6:11:01 AM PST by andy58-in-nh (Cogito, ergo armatum sum.)
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To: All
But then of course there's this:

Planned Layoffs Hit Highest Level Since May

12 posted on 12/06/2012 6:12:55 AM PST by mykroar (BAD-ANON: One Game At A Time)
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To: John W

Gallup’s seasonally adjusted unemployment rate is 8.3%, nearly a one-point increase over October’s rate.

http://www.gallup.com/poll/159104/unadjusted-unemployment-shoots-back.aspx


13 posted on 12/06/2012 6:27:44 AM PST by massmike (At least no one is wearing a "Ron Paul - 2016" tee shirt........yet!)
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To: Doogle

The adjustment will come after we go off the fiscal cliff and Barry starts blaming Republicans. What a setup.


14 posted on 12/06/2012 6:29:27 AM PST by Buckeye McFrog
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To: FR_addict
They just don't count as unemployed anymore.

False. You can be counted as unemployed regardless of whether or not you are collecting unemployment benefits.

15 posted on 12/06/2012 7:00:21 AM PST by 1rudeboy
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To: 1rudeboy

I’ve read that if you are out of school and looking for work you are not unemployed, because you haven’t had a job yet. To be unemployed from. :)


16 posted on 12/06/2012 7:20:14 AM PST by JohnnyP
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To: JohnnyP

That’s not true, either. If you do not have a job, you have looked for work in the previous 4 weeks, and you are available for work, you are counted as unemployed in the Current Population Surviey.


17 posted on 12/06/2012 7:25:26 AM PST by 1rudeboy
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To: John W
Unemployment is back up to 8.3, yet according to the spinners, things are going great? What?
18 posted on 12/06/2012 8:15:48 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: John W
For those who want to follow these kinds of things a bit closer on a regular basis, here is an interesting economic calendar site, complete with "revised from" stats:

http://biz.yahoo.com/c/e.html

CA....

19 posted on 12/06/2012 8:38:51 AM PST by Chances Are (Seems I've found that silly grin again....)
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To: FlingWingFlyer
"You see those damn liberals on that hill?...Send them to hell!"
20 posted on 12/06/2012 9:27:42 AM PST by AngelesCrestHighway
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To: Hoodat
Right on. The MSM tries to spin what really is bad news as good news.
21 posted on 12/06/2012 10:46:53 AM PST by kabar
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To: John W
jobless claims drop

Really? How is that possible?


22 posted on 12/06/2012 1:03:08 PM PST by Brown Deer (Pray for 0bama. Psalm 109:8)
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To: ilovesarah2012
Seasonal hiring. Wait for February.

Exactly.

My sister works on Wall Street - they discount all UE figures from the beginning of Nov. thru Jan. every year.

Seasonal hiring skews the figures - not reliable during this time period.

23 posted on 12/06/2012 8:25:46 PM PST by Lmo56 (If ya wanna run with the big dawgs - ya gotta learn to piss in the tall grass ...)
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To: John W

I’m one of those people who won’t be filing unemployment this coming Sunday. I’m thankful to be working but like far too many people, I’m making much, much less, with no benefits, than I was making at my last job. This government is a fraud. God help us.


24 posted on 12/07/2012 4:27:22 AM PST by demshateGod (The fool hath said in his heart, There is no God.)
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To: John W

Sure. The hiring for the Christma season accounts for that.

Wait until people are done with their returns, around the second week of Jan when all the the college kids are going back to school.


25 posted on 12/07/2012 1:06:08 PM PST by metmom (For freedom Christ has set us free; stand firm therefore & do not submit again to a yoke of slavery)
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To: John W

With the 359K number removed from the workforce— this is how you get a drop in the RATE of unemployment to the oh boy! 7.7% tout by govt.. The ACTUAL number of total unemployed is extremely large.

Excellent commentary at zero hedge with graphics. The 24-54 group has lost the most (that 359K number)— and perhaps the younger-most of them voted for obamao. Of interest is that the older group 55-69 increased 177K (employers are willing to risk experienced people who are not generational whiners— my opinion).

Zero hedge: http://www.zerohedge.com/news/2012-12-07/chart-day-jobs-additions-age-group-reveals-scariest-picture


26 posted on 12/07/2012 5:21:53 PM PST by John S Mosby (Sic Semper Tyrannis)
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