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Weekly US jobless claims drop 42K to 338K
LasVegasSun ^ | December 26 2013 | Paul Wisemen

Posted on 12/26/2013 2:29:24 PM PST by gooblah

WASHINGTON — The number of Americans applying for unemployment benefits dropped by 42,000 last week to a seasonally adjusted 338,000, the biggest drop since November 2012. But economists say the figures from late November and December are warped by seasonal volatility around the Thanksgiving, Christmas and New Year's holidays.

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


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS:

1 posted on 12/26/2013 2:29:24 PM PST by gooblah
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To: gooblah

LOL! More funny stuff from our government. PERIOD!


2 posted on 12/26/2013 2:42:05 PM PST by FlingWingFlyer (The Truth Is Out There. Just don't let anyone know that you're looking for it.)
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To: gooblah

Hmmmmm, I wonder how much of this is due to the expiration of Federal unemployment cash and long term unemployed being dropped off the rolls? It sure as heck isn’t because of all those great new jobs.


3 posted on 12/26/2013 2:42:49 PM PST by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: gooblah

Seasonal hiring. Look for increases early next year.


4 posted on 12/26/2013 2:44:10 PM PST by saganite (What happens to taglines? Is there a termination date?)
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To: saganite

Look for increases early next year....Oh, horsepoop. They’ll lie again. And again. And again.


5 posted on 12/26/2013 2:54:44 PM PST by Safetgiver ( Islam makes barbarism look genteel.)
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To: gooblah

Actually, the NSA number only dropped 82 claims based upon the initially reported data for the previous week.

The seasonally adjusted numbers are totally bogus!


6 posted on 12/26/2013 2:59:15 PM PST by rollin
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To: gooblah

Pure lies like everything this government puts out. There is no truth in the US Government today... none.


7 posted on 12/26/2013 3:03:25 PM PST by LibLieSlayer (FROM MY COLD, DEAD HANDS! BETTER DEAD THAN RED!)
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To: Mastador1
Hmmmmm, I wonder how much of this is due to the expiration of Federal unemployment cash and long term unemployed being dropped off the rolls?

None of it, actually. Care to know more?

8 posted on 12/26/2013 3:05:40 PM PST by 1rudeboy
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To: 1rudeboy; Mastador1
Hmmmmm, I wonder how much of this is due to the expiration of Federal unemployment cash and long term unemployed being dropped off the rolls?

None of it, actually. Care to know more?

I know how they calculate it!


9 posted on 12/26/2013 3:10:37 PM PST by WVKayaker ("Because nothing says "rugged individualism" like heavy-handed big government.../sarc" -Sarah Palin)
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To: WVKayaker

I understand your attempt at humor (quite creative, actually), but please . . . I’m trying to clear up a basic misconception that, if left unchecked, makes conservatives look like idiots when it comes to economics.


10 posted on 12/26/2013 3:12:52 PM PST by 1rudeboy
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To: gooblah

The DOW gained 122 points, based on the good news that there were only 338,000 jobless claims this week. This doesn’t make any sense.


11 posted on 12/26/2013 3:13:48 PM PST by TwelveOfTwenty (See my home page for some of my answers to the left's talking points.)
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To: gooblah


The economy is booming!
12 posted on 12/26/2013 3:19:45 PM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: 1rudeboy; Travis McGee
I’m trying to clear up a basic misconception that, if left unchecked, makes conservatives look like idiots when it comes to economics.

Most of us are aware of the "sleight of hand" methodology in how the fedrool gum'ts calculates of this. They only show NEW applications for unemployment claims, and NEVER add those that fall from the roles to the unemployed without receiving further payments. Those folk are not looking for work, according to the feds.

Even when you look further, they do everything to conceal the actual number of unemployed, and continue printing imaginary dollars so that big banks can continue to prop up the stock market.

There WILL BE a day of reckoning and when that happens, CW2 after the collapse of the clinging class!

For further research, see:

Enemies Foreign And Domestic (The Enemies Trilogy) [Kindle Edition] Matthew Bracken (Author)

*****

Look! Squirrel! (pay no attention to the man behind the curtain!)


13 posted on 12/26/2013 3:39:19 PM PST by WVKayaker ("Because nothing says "rugged individualism" like heavy-handed big government.../sarc" -Sarah Palin)
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To: rollin

.....................The seasonally adjusted numbers are totally bogus!.......................

Well that’s just not true!

The BLS calls up Louie Farrakhan weekly to have him give them the new equation of the numbers for correction of the real reported numbers based on the phase of the moon, and the proximity of Jupiter and Mars to each other.

Then we get the reported seasonally adjusted BLS-LF scaled seasonal numbers!


14 posted on 12/26/2013 3:48:39 PM PST by Noob1999 (Loose Lips, Sink Ships)
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To: 1rudeboy; Travis McGee
I’m trying to clear up a basic misconception that, if left unchecked, makes conservatives look like idiots when it comes to economics.

It is the MSM and Dimocraps that manage/damage the conservative image...


15 posted on 12/26/2013 3:51:25 PM PST by WVKayaker ("Today, doesn't it seem like we have a Corrupt Bastards Club in D.C.? On steroids?" -Sarah Palin)
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To: WVKayaker
Most of us are aware of the "sleight of hand" methodology in how the fedrool gum'ts calculates of this. They only show NEW applications for unemployment claims, and NEVER add those that fall from the roles to the unemployed without receiving further payments. Those folk are not looking for work, according to the feds.

Let me try to take this one step at a time. First of all, everyone knows that the government massages the numbers. Only some know how.

So let's begin. This article (until the end) is about intial unemployment claims. By definition, exhausting your unemployment benefits will not affect this number. It regards people who have lost their job, are eligible for unemployment compensation, and choose to apply for it for the first time.

Now, at the end of the article, the focus shifts to the unemployment rate. Unemployment compensation, and whether you receive it, received it, or couldn't receive it, does not affect its calculation at all. And please, let me remind you to read my first sentence again.

16 posted on 12/26/2013 3:57:06 PM PST by 1rudeboy
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oops . . . I meant to type, “please read my second sentence again.”


17 posted on 12/26/2013 3:59:29 PM PST by 1rudeboy
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To: 1rudeboy
So let's begin. This article (until the end) is about intial unemployment claims. By definition, exhausting your unemployment benefits will not affect this number. ...- 1rudeboy

I said: ... Most of us are aware of the "sleight of hand" methodology in how the fedrool gum'ts calculates of this. They only show NEW applications for unemployment claims, and NEVER add those that fall from the roles to the unemployed without receiving further payments. ...- wvk

Is there a difference that I don't see in our statements, other than the wording? I have been repeating that mantra for years now, as the roles swell of people looking for jobs.

Osama won the first round when the WTC fell, and the entire world ground to a halt. We have spent wasted $trillions in an attempt to calm the minds of the malleable. Obama is now setting the stage further down the road for a financial devastation worse than the world has ever seen. 1929 will seem like a picnic in the park!


18 posted on 12/26/2013 4:17:31 PM PST by WVKayaker ("Today, doesn't it seem like we have a Corrupt Bastards Club in D.C.? On steroids?" -Sarah Palin)
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To: WVKayaker

No, that still seems to be too scientific for this administration


19 posted on 12/26/2013 4:19:15 PM PST by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: WVKayaker
They only show NEW applications for unemployment claims, and NEVER add those that fall from the roles to the unemployed without receiving further payments.

Now we are getting into the weeds, but still: if you collected unemployment compensation at one time, but it expired, then "falling from" the rolls would be shown in the continuing claims number (again, not "initial claims").

Now (and here is the primary avenue for the unemployment rate number to be massaged), if you continue to look for work you count. If you stop looking for work, you don't. This involves a number called the labor participation rate.

A misconception I see on FR a lot, also, is the assumption that people stop looking for work when their unemployment compensation runs out. Some do, some don't.

20 posted on 12/26/2013 4:32:47 PM PST by 1rudeboy
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To: gooblah

$338,000 per week for four weeks would be nearly 1.4 million.


21 posted on 12/26/2013 4:40:29 PM PST by familyop
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Comment #22 Removed by Moderator

To: gooblah

UPS drivers and mall Santas...


23 posted on 12/26/2013 5:19:05 PM PST by OrangeHoof (2001-2008: "Dissent Is Patriotism!" 2009-2016: "Dissent Is Racism!")
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To: gooblah

It’ll be readjusted upward in a couple weeks—back page news in 6 font.


24 posted on 12/26/2013 8:37:03 PM PST by SgtHooper (If at first you don't succeed, skydiving is not for you.)
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To: 1rudeboy

Last month the unemployment rate dropped to 7% in November from a 7.3% October rate. A .3% drop because of only about 200K new November jobs is impossible! I did hear a blurb that they “refigured” the birth/death model and applied it over some period of time and the resulting revised population numbers allowed for the big drop in the unemployment rate. What a crock! This reminds me of two or three years ago when they applied the new census data and dropped the unemployment .3% by removing a million people from the work force.

The MSM buys it all and trumpets it big time. Bernake does his QE, the Dow goes up and all is good. NOT


25 posted on 12/26/2013 9:05:45 PM PST by citizen (There is always free government cheese in the mouse trap.....https://twitter.com/kracker0)
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To: TwelveOfTwenty
It makes sense when you figure in the Feds 86-Billion per month being pumped into the market.
The whole house of cards will com crashing when this is fixed. As intended for the GOP to do.
26 posted on 12/26/2013 9:17:53 PM PST by MaxMax (Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
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