OK I heard on the news this morning it was UP....................
Initial Claims Miss For Second Week In A Row As Nonfarm Productivity Tumbles Most Since 2008
Might that not also suggest that more people than ever have run out of benefits and failed to requalify?
My only question is how long the MSM will try to blow smoke up our rear ends on the economy. Their reporting on it has long surpassed ridiculous.
Hey kids! It’s “Fun With Numbers” Thursday!
Obviously, there is no one at Yahoo who can read these BS stats from BLS. Last week’s jobless rate was revised UP by 3,000, as this week’s will probably be. To see a silver lining in these pathetic numbers is to see a pile of manure and look for a pony.
Fewer people are losing their jobs, which is great news!
But the labor participation rate (the number of people WITH jobs) has dropped steadily since BHO took office, down 3.3% or around 6 million workers.
So NET job losses are quite troubling.
Being from a rural area I have an understanding of how manure spreaders work so I see the spread of Beltway BS here.
In the last 4+ years unemployment has gone down, way down, and then basically has been sliding sideways week after week. Sure the numbers tick up a few thousand, or down a few thousand each measuring time, but the trend has been very, very clear — we are going nowhere economically.
There are no jobs and nothing is improving despite these little teeny sideways incremental shifts. That everybody is making such big news out of these lateral moves is profoundly discouraging.
The economy STILL sucks. There are no jobs and nobody is demanding better from Obama who keeps playing the role of David Copperfield by keeping people's focus off the economy.
Obama keeps pointing attention to the Boy Scouts, Guns, Immigration, Women in Combat, etc., all important issues on their own, but why are Americans, the MSM, not demanding that Obama focus on the economy. Why are they not asking why things are NOT getting any better after 4+ years!
I just talked to my friends back in Silicon Valley. They are ALL scared or already out of work. We may be looking at a repeat of 2002 in high tech.
Well if the Ministry of Propaganda says it’s true, who am I to argue?
Lets see, does anyone else think tha the insane numbers of people on “disability” might have something to do with it? Also just plain going up and living on other government plans? When there is no incentive to work and provide, many people will choose it. There is no pride any more, and no shame.
Jobless claims fall and welfare claime increased,so much for math.
“The number of Americans filing new claims for jobless benefits fell last week and a trend reading hit a near five-year low, a sign the grinding recovery in the labor market remains on track” source “http://finance.yahoo.com/news/..."
“Initial claims for state unemployment benefits dropped by 5,000 to a seasonally adjusted 366,000, the Labor Department said.”
“The four-week moving average for new claims, a gauge of the trend in layoffs, dropped 2,250 to 350,500. That was the lowest level since March 2008.”
Obama created 5 million jobs in last 4 years! Wow!
So at best, 4 weeks at 350,000 = 1,400,000 per month!
So far research shows the best MONTH of job creation was February of 2011 261,000 (source “http://www.nationalreview.com/...")
1,400,000 - 261,000 = 1,139,000 without jobs just for that month.