Skip to comments.US unemployment claims fall to 326K, 5 ½-year low
Posted on 08/01/2013 5:58:53 AM PDT by John W
WASHINGTON (AP) The number of Americans applying for unemployment benefits fell 19,000 last week to a seasonally adjusted 326,000, the fewest since January 2008. The decline shows the job market continues to strengthen.
The Labor Department said Thursday that the less volatile four-week average slid 4,500 to 345,750. The July figures are typically volatile as the government adjusts for seasonal layoffs in the auto industry.
Still, the trend in weekly unemployment claims in recent months has been positive. Applications, which are a proxy for layoffs, have fallen more than 12 percent this year. That's coincided with average job growth of 202,000 a month since January, up from an average of 180,000 in the previous six months.
On Friday, the government reports on July job growth and unemployment. Analysts forecast 183,000 jobs were added last month, and the unemployment rate fell to 7.5 percent from 7.6 percent in June.
(Excerpt) Read more at sfgate.com ...
I read it as, “There are so few people left working that the number of NEW applications for unemployment will have to decline.”
Bring back American jobs now.
Full-time American jobs.
Real American jobs.
4% of my company got furloughed last week, with many being let go.
The U6 unemployment rate, however, shot up to 14.3% from 13.8%.
The left sneered and mocked Bush over “McJobs” but that’s virtually all there is to offer these days. Even two or three of them don’t equal a decent full time job.
And yet the left feeeeeeeeeel that Øbongo is doing just fine.
They’ve all been transisioned to disability payments- it’s a lot steadier than unemployment and you don’t have to go stand in line.
It’s more executive branch manipulation of things to win elections.
Don’t believe it any more than you believe the executive branch on Fast and Furious, the IRS, the DOJ, the FBI, State Dept [Benghazi], etc.
It’s marxist propoganda to win the House. If the marxists win the house, it’s not good for America. Can you imagine 0bama, Pelosi, and Reid again? Think what happened last time?
WOO HOO!!! The recovery is here, the recovery is here!! Yay for us. We must be at almost full employment by now. It took 5 and a half years but we’re finally here. Enough sarcasm I guess. No, king hussein, the economy still stagnates and you’re still the PLIC. Too bad the KXL will only provide 5 jobs once it’s finished. (just a little more sarc)
How does the supposed good economic news being fabricated this week jive with the president deciding he needed to pivot to the economy last week? He knows its all BS.
Tomorrow we get July's numbers on this.
The level of coordination between the democrats and the MSM is amazing.
I do not believe unemployment has dropped....rather I believe, wholeheartedly, that less people are filing because they can’t anymore, because they’ve been unemployed THAT long.
Leave it to the spin machine of the RATS though, to try and make it seem like candy and rainbows.
DJIA well up in first ten minutes. Have they forgotten if this gets overfaked to the good their fake money might dry up?
Obamanomics: where treading water is SUCCESS!
See my post #17
BLS’s numbers (but still cooked lower than real)
HAppy days are here again - LONG LIVE KING BARRY
They're all in the same location (NC) but in all different disciplines.
We're way overdue for some shakeups in the market, this might be the beginning of it. Or not. :-)
The onslaught of the “29ers” !!
I knew it would solve all our problems.....
Same here in Atlanta. I have a lot of friends who survived purges from 2008/2009 (in various occupations) who have lost their jobs in the past month.
We get a week’s worth of fake good national economic news on the heels of things beginning to look somewhat bleak even in states and localities that have bucked the bad trend because of more conservative leadership. When this phoney baloney mess blows up it will not be pretty.
Nobody knows what the real numbers are — only that they are higher than reported. In 6-8 weeks these numbers will be quietly revised upwards without comment.
0bama has been the worst President for the economy and job creation.
WOW !!! Obama’s pivot to jobs and economy in Speech Form is working
“because they cant anymore, because theyve been unemployed THAT long.”
Not to mention unemployment is a one year service so those that go from job to job during that year and get laid off are not counted. There is a tremendous number of temporary workers including “contractor” engineers. I know many people that have been laid off from several jobs during a year period that are not counted in these numbers.
We just hired 250+ people in February and have laid off all but 50 so far. Many of those had been laid off within the previous year, but none of those are counted in these numbers.
Stop believing your lying eyes and swallow the official numbers. Like a good comrade.