Skip to comments.Jobless claims tumble to near seven-year low
Posted on 04/10/2014 5:41:28 AM PDT by SeekAndFind
The number of Americans filing new claims for unemployment benefits fell sharply last week to the lowest level in almost seven years, which could bolster views of an acceleration in job growth after a cold winter dampened hiring.
Initial claims for state unemployment benefits dropped 32,000 to a seasonally adjusted 300,000 for the week ended April 5, the lowest level since May 2007, the Labor Department said on Thursday.
Claims for the week ended March 29 were revised to show 6,000 more applications received than previously reported.
Economists polled by Reuters had forecast first-time applications for jobless benefits falling to 320,000 in the week ended April 5.
The four-week moving average for new claims, considered a better measure of underlying labor market conditions as it irons out week-to-week volatility, fell to 316,250 in the week ended April 5, down 4,750 from the previous week.
A Labor Department analyst said no states were estimated and there were no special factors influencing the state level data.
(Excerpt) Read more at reuters.com ...
I don’t believe any of their “numbers”.
Looks like every unemployed American has either moved back in with their parents, killed themselves or signed over their soul to Mother Government.
The quote in my title comes from Mark Twain's autobiography. Twain said: Figures often beguile me, particularly when I have the arranging of them myself; in which case the remark attributed to Disraeli would often apply with justice and force:
There are three kinds of lies: lies, damned lies and statistics.
Only when a democrat is president are 300,000 people losing their jobs, good news.
Unrevised, and therefore worthless. When the adjusted number comes out in a week or so (to far less fanfare, naturally), it’ll be much higher, maybe even an increase.
...this IS an election year...
“...first-time applications for jobless benefits falling to 320,000...”
Do they publish stats for second and third time applications?
And how many people left the workforce or had their benefits expire.....
What a bunch of BS. No one believes this anymore. All you have to do is ask around. Even here in the NY area where the real estate market has fared better and so too the economy, people are STILL being laid off. I have more friends than I can count on one hand that have “retired” and become stay at home Dad’s/Substitute Teachers. (after their unemployment ran out)
Stats can be manipulated. But even without that, they can be read in a vacuum to be interpreted many different ways. You have to look at the overall picture.
It’s not that I don’t want the numbers - they just aren’t believable. What is it like 132 out of 133 weeks have been revised back up? Well, instead of listing examples of being lied to.... name a time when this regime gave truthful numbers - on anything.
No wonder the market doesn’t react well. Market knows this regime lies. Joe Wilson you’re a soothsayer....
Half of Detroit’s on disability... and the rest of the lowlife’s are following.
yeah, continuing claims are down too.
Hey, come on... "Who you gonna believe, me or your lyin' eyes!?" Doesn't matter that I know more people unemployed or under employed than at any other time in my life. Doesn't matter that I look around the neighborhood and see houses for sale sitting empty. Doesn't matter that I can drive into town and see empty store fronts everywhere. bammy and the MSM say things are great, so they must be great, right?
bammy and crew are the biggest bunch of lying SOBs ever collected in one place.
The numbers would have been worse, but the warm weather was so pleasant, people took advantage of the great outdoors and did not bother applying for jobless claims in the stuffy, uncomfortable government buildings.
See how easy that was?
There isn’t nearly as many jobs out there for people to loose, of course the number will go down.
This rate has been consistently measured since the 20's. It is now at the lowest point ever recorded.
This does not indicate economic recovery.