Posted on 12/27/2012 7:09:02 AM PST by SeekAndFind
The number of Americans filing new claims for unemployment aid fell last week to nearly its lowest level in 4 1/2 years, a sign that the labor market is healing.
Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 350,000, the Labor Department said on Thursday. The prior week's figure was revised to show 1,000 more applications than previously reported.
After spiking in the wake of Superstorm Sandy, which ravaged the East Coast in late October, the weekly levels of new claims have now dropped to their lowest levels since the early days of the 2007-09 recession. The four-week moving average fell 11,250 last week to 356,750, the lowest since March 2008.
That suggests the surge in layoffs since the recession may have run its course, although companies still are adding to their payrolls at a lackluster pace.
The report included a caveat, at least for the latest week. President Barack Obama declared Monday a holiday for federal workers and many state offices followed suit and were unable to provide complete data for last week's jobless claims. Data for 19 states was estimated, a Labor Department official said. Fourteen of those states submitted their own estimates, which tend to be fairly accurate because the state officials work with a significant amount of data, the Labor Department official said.
(Excerpt) Read more at nbcnews.com ...
More Lies!!!!!!!!!!!!!
It used to be that America stood for the best of everything. The best cars, the best achievements, the best opportunities. Now, “only” 350,000 jobless claims at a time when poverty is at a post war high is something to cheer about.
Well, that means all is fixed. The Muslin in the White House has done it! Now if those pesky RINOs would get out of the way. Move the debt ceiling to $25 trillion, tax the rich at 75%, everything would be hunky dory.
I would submit that more people are out of work right now, than have ever been out of work in the modern era in the U.S.
The fewer jobless claims number is worth about as much as the sweat off my nether regions, as it relates to the health of our national employment figures.
“...although companies still are adding to their payrolls at a lackluster pace.”
“...were unable to provide complete data for last week’s jobless claims. Data for 19 states was estimated..”
This pretty much says it all. We will just make up some numbers and throw them out there. Companies not hiring or cutting employee hours. People dropping out...
Unbelievable...
$1150 a month would just barely rent a two bedroom apartment here in the Phoenix area but apparently half the country is collecting this now.
ah,, the life of a govt worker....july 4th, labor day, probably Columbus day, Thanksgiving day and the day after, Christmas day, and New Years Eve and New years Day, MLK day, Presidents day, Memorial Day....did I get them all?
ve all had layoffs in the last few weeks....
I know new graduating nurses can't get jobs in the Portland hospitals....heard the same about Bellevue Washington...sure its the same in other places...
all my kids had sensible Christmasses.....no big items and no splurging....
there is an undercurrent of very bad economic activity....
have lazy phoney baloney inlaws collecting SSDI for a long time now...both of them....and they pretty large and at least one of them gets pretty good SSDI....don’t know why because she barely worked....she had one 15 yr stint on SSDI early on, then went off, and Poof.....she decided that work was, well, work...and back on to SSDI....
You invented two, but missed Veterans Day.
.
Horseshirt
XXL
.
You went further than I did, buddy.
Since I know that unemployment compensation is expiring for many now and this week is the last week for millions on emergency benefits I never look beyond the headline.
At some point there will be nobody on unemployment because they drained their benefits looking for a job. They'll still be jobless but the unemployment rate should fall below George Bush's 4.7% average unemployment rate. The dems will claim victory for America an use it to take the House.
Meanwhile the real unemployment rate is well above 10%.
It's over.
Cooked books. The States are still at least a month behind processing new requests
Evidently about 8.8 million people are.
I wonder what the normal figure is for SSDI roles.
I translate “healing” as just scabbing over and scraping along the bottom. There are only 12 million of us left in the country who actually make something. If you see that number drop we’ll be at risk of no longer being a self-sustaining economy. The “new filings” number has to be leveling off simply because there ain’t much left to cut——except in gov’t. But how come these geniuses who announce new filings can’t get around to mentioning new jobs in the same story? Until the latter is bigger than the former we are still swirling the terlet.
I figured this would happen if Barry got reelected. People have given up and said to hell with it.
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.