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US jobless aid applications fall to 5-year low
yahoo ^

Posted on 01/17/2013 8:33:31 AM PST by traumer

Edited on 01/17/2013 9:37:27 AM PST by Admin Moderator. [history]

WASHINGTON (AP) -- The number of Americans seeking unemployment aid plummeted to a five-year low last week, a hopeful sign the job market may be improving. But much of the decline reflects seasonal volatility in the data.

Weekly unemployment benefit applications fell 37,000 to a seasonally adjusted 335,000, the Labor Department said Thursday. That's the lowest level since January 2008, just after the recession began. The four-week average, a less volatile measure, fell to 359,250.


(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; News/Current Events
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1 posted on 01/17/2013 8:33:36 AM PST by traumer
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To: traumer

Just more people giving up each month even trying to find a job...remember these dumb asses include people that have fallen off unemployment in their unemployment reduction totals.


2 posted on 01/17/2013 8:38:30 AM PST by AngelesCrestHighway
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To: traumer

It doesn’t mean more people have jobs!


3 posted on 01/17/2013 8:40:51 AM PST by AngelesCrestHighway
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To: traumer

Their unemployment expired and they can’t collect it anymore - DUH!


4 posted on 01/17/2013 8:43:51 AM PST by Slump Tester (What if I'm pregnant Teddy? Errr-ahh -Calm down Mary Jo, we'll cross that bridge when we come to it)
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To: traumer
But much of the decline reflects seasonal volatility in the data.

Am I crazy is is this just outrageously mendacious? They have seasonal adjustments. They always have. Winter comes at a regular time. Christmas is the same day each year. They have these seasonal adjustments built in so that the data from 2013 can be compared to the data from 2004.

Yes, I know they fudge seasonal adjustments, and I don't really trust them -- now they seem to go a step further. Now they say that comparing this apple to that apple is rather pointless because of seasonal volatility over the past 5 years.

Stats aren't supposed to work that way unless there is no shred of truth to any of it. Which is probably the case.

5 posted on 01/17/2013 8:44:33 AM PST by ClearCase_guy (Nothing will change until after the war.)
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To: AngelesCrestHighway

They’ve had time to work the system on SNAP, TANF, Section 8, ObamaPhones, EITC, WICs and on and on and on and on....they don’t need no UIC....they got a job now....an Obama Voter! They din’t waste no time...them commercials about SSDI, SSI, etc. from all them lawyers who’ll hep them get what they deserve have worked.


6 posted on 01/17/2013 9:02:00 AM PST by Gaffer
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To: ClearCase_guy

stupid is as stupid does


7 posted on 01/17/2013 9:32:48 AM PST by traumer
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To: AngelesCrestHighway
umm . . . this is the initial claims for unemployment number. It has nothing to do with "people giving up" on anything.
8 posted on 01/17/2013 9:39:13 AM PST by 1rudeboy
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To: Slump Tester
Their unemployment expired and they can’t collect it anymore - DUH!

Kinda' tough to make an initial claim for unemployment benefits if you are collecting it already (or stopped collecting it).

9 posted on 01/17/2013 9:41:25 AM PST by 1rudeboy
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To: traumer

When all jobs are eliminated and unemployment insurance runs out, zero new applicants will be counted. WooHoo! Hail King Obama!


10 posted on 01/17/2013 12:59:05 PM PST by hattend (Firearms and ammunition...the only growing industries under the Obama regime.)
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