Posted on 07/28/2022 7:09:43 AM PDT by ConservativeInPA
(RTTNews) - After reporting modest increases in first-time claims for U.S. unemployment benefits over the three previous weeks, the Labor Department released a report on Thursday showing a slight pullback in initial jobless claims in the week ended July 23rd.
The report showed initial jobless claims edged down to 256,000, a decrease of 5,000 from the previous week's revised level of 261,000.
(Excerpt) Read more at markets.businessinsider.com ...
I managed a multi-million dollar enterprise during the, ‘0bama Reign of Error’ and that was hard enough!
I can’t imagine with employers and small business owners are going through these days.
Shop local whenever you can! Support your local Farmers, too!
My local grocery store is ADVERTISING FOR HELP in their weekly grocery sale ad this week. I have NEVER seen that before - and I’ve looked at it every Wednesday for the past 7 years!
Let’s Go, Brandon! *SPIT*
Where is everyone?
In 1983 you could stay out late with your girlfriend and eat at a coffee shop until 2:00 in the morning. Now everything closes at 8:00 in the evening.
The gas stations/convenience stores are no longer 24 hours.
The Wal-Mart is no longer 24 hours.
The Kroger in no longer 24 hours.
The pharmacy is no longer 24 hours.
Where did everyone go? They didn’t just all retire because if they did they don’t have much money after the stock and bond markets have scrubbed off trillions.
They cannot be living off a second mortgage on their home because the real estate market has scrubbed off trillions in the last few months.
Where are they? Where did everyone go? Are they on disability from the vax? Are they dead?
a decrease of 5,000 from the previous week’s revised level of 261,000.‘’
Same old same old. Just revise the previous week up just enough and surprise surprise they get to write this fake headline, which is not good news..
Many of the boomers which had previously chosen to continue to work far into their retirements, decided enough was enough.
Plus the wait in Mexico policy + covid helped reduce the illegal alien invasion a bit.
Many more young people now choose to go to graduate school and prolong their entry into the workplace.
Living off government giveaways?
In Feb 2020, just before they locked down the country, the labor participation rate was 63.4%, which meant 158,866,000 Americans had jobs. In June 2022, the labor participation rate had dropped to 62.2%, which means 158,111,000 Americans are working. There are half a million less people working now than there were in Feb 2020. Yet, the Biden administration claims they have added millions of jobs. But that's because just after the lockdown, the number of people working went down to 133,320,000.
They took all these jobs away, and when they allowed people to go back to work, they took credit for creating jobs.
But the key fact is that there are fewer people working today than there were before the pandemic.
Just look at the raw numbers. I’m so sick of spin. We can think for ourselves. I was channel surfing during the FMOC presser yesterday with Powell. Watched CNBC, CNN, Bloomberg, MSNBC, FoxNews, and FoxBusiness. Surprisingly, Bloomberg had the only realistic analysis, although ever so brief and weak. They essentially said, the Fed is in uncharted territory and they are making it up as they go along.
“now choose to go to graduate school”
A fairly good chunk of graduate students are actual employees of their school. Many are put on grants to do research or teach, and they have to pay social security and income tax on the money they make.
That being said the number of people who have a graduate school education is miniscule compared to the rest of the population.
BI=BS
EVEN more amazing :
The number of NO SKILLS persons looking for jobs who are DEMANDING $18-20 per hour-—and cannot pass the drug piss test.
Economists had expected jobless claims to inch up to 253,000 from the 251,000 originally reported for the previous week.
Yep. Prior week adjusted up 10 and now like magic, this week is down. Even though the number is higher than was anticipated.
Precisely. The real truth: “— The previous week’s level was revised up by 10,000 from 251,000 to 261,000. The 4-week moving average was 249,250, an increase of 6,250.”
Indeed
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.