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Jobless Claims Drop UNEXPECTEDLY to 514,000
Fox News ^ | 10/15/09 | Unknown

Posted on 10/15/2009 6:13:56 AM PDT by Blood of Tyrants

WASHINGTON -- The number of newly laid-off workers filing claims for unemployment insurance has fallen to the lowest level since early January, a sign the labor market is slowly improving.

The Labor Department said Thursday that first-time claims for jobless benefits dropped to a seasonally-adjusted 514,000 from an upwardly revised 524,000 the previous week. The fifth decline in six weeks was below Wall Street economists' forecasts of 525,000, according to Thomson Reuters.

The four-week average, which smooths fluctuations, fell for the sixth straight time to 531,500.

Economists closely watch initial claims, which are considered a measure of layoffs and the willingness of companies to add jobs.

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


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: bhoeconomy; economy; fools; incompetence; joblessclaims; obama; unemployment; unexpected
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There's that word again, unexpectedly. Last week when the number of new jobless claims rose, it was unexpected. This week when the number of jobless claims fell, it, too, is "unexpected".

Further proof that the American people elected the most incompetent president in history because he could read a good speech.

1 posted on 10/15/2009 6:13:56 AM PDT by Blood of Tyrants
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To: Blood of Tyrants

This metric could aslo point to another situation, employers are running out of people to lay off.


2 posted on 10/15/2009 6:16:34 AM PDT by SirFishalot
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To: Blood of Tyrants

It’s still a half million. When are we going to see reports about jobs added?


3 posted on 10/15/2009 6:16:50 AM PDT by jersey117
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To: Blood of Tyrants

So, what are we down to—a couple thousand people actually working these days?


4 posted on 10/15/2009 6:17:07 AM PDT by randog (Tap into America!)
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To: Blood of Tyrants

I think it would be more reflective to report how many are still working full-time.


5 posted on 10/15/2009 6:18:26 AM PDT by Dem Guard
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To: Blood of Tyrants

It’s that hole in a bucket thing again. Eventually you will run out of water in the bucket that has a hole in the bottom and you won’t lose as much water as fast. Doesn’t mean the hole is fixed.


6 posted on 10/15/2009 6:18:31 AM PDT by autumnraine (You can't fix stupid, but you can vote it out!)
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To: Blood of Tyrants

Jobless claims, by themselves, are meaningless. They only have meaning when linked to the labor pool. If jobless claims dropped 514,000 and the labor pool expanded by 125,000 simultaneously, *that* is an indication that things are getting better.

If jobless claims dropped 514,000 and the labor pool dropped by 600,000 that would be an indication that things are getting worse, and that folks are too discouraged to even look for work.


7 posted on 10/15/2009 6:18:33 AM PDT by No Truce With Kings (The opinions expressed are mine! Mine! MINE! All Mine!)
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To: Blood of Tyrants
This stuff has fallen into the same category as Global Warming -- temperatures are up? We're all going to die! Temperatures are down? We're all going to die!

Jobless claims rose? Well, that was unexpected.
What? They've revised the numbers? Jobless claims fell? Well, that was unexpected.

8 posted on 10/15/2009 6:18:39 AM PDT by ClearCase_guy (Play the Race Card -- lose the game.)
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To: SirFishalot

That is right. Real unemployment is about 17%. There is nothing but skin and bone now at the companies, but they are not hiring becuase of Obama and the demoraps threatening them with fines, punishment, and new taxes.


9 posted on 10/15/2009 6:18:55 AM PDT by KC_Conspirator
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To: Blood of Tyrants

Saw some signs at factories this week that reminded me of the Great Depression. “Not accepting applications, do not inquire”

Speaks volumes.


10 posted on 10/15/2009 6:19:14 AM PDT by autumnraine (You can't fix stupid, but you can vote it out!)
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To: Blood of Tyrants

I am amazed how the Drive Bys put half a million jobless claims as good news.

If Bush were Prez, this’d be the lead story: “More Pain For Americans”


11 posted on 10/15/2009 6:20:14 AM PDT by SoFloFreeper
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To: Blood of Tyrants

This will also be upwardly revised.


12 posted on 10/15/2009 6:23:44 AM PDT by GeronL
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To: Blood of Tyrants

Other than the military, is there any federal government official, department or bureaucracy that has the credibility of a third tier used car salesman?

These people fabricate data to order.
They lie and twist the truth so much they don’t know how to be honest.


13 posted on 10/15/2009 6:23:50 AM PDT by Iron Munro (When seconds count, the police are only minutes away)
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To: Blood of Tyrants

Have to start the day with a big bowl of Unexpected-O’s


14 posted on 10/15/2009 6:24:06 AM PDT by GeronL
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To: Blood of Tyrants

The only thing unexpected is that they didn’t try this sooner.


15 posted on 10/15/2009 6:25:11 AM PDT by truthkeeper ("Why oh why didn't I take the blue pill?")
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To: Blood of Tyrants

Not to fear —> ALL of the illegal aliens who live in apartment complexes near me are still leaving in droves with lunch boxes to go to work every morning (at jobs Americans don’t want) ... >sarc


16 posted on 10/15/2009 6:26:53 AM PDT by xtinct (The will of God will never take you where the Grace of God will not protect you..Be Strong Patriots!)
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To: Blood of Tyrants
Think it through. It is exactly one year since this started. Benefits are running out for the first people laid off. Hence a drop in benefit claims, since they have been laid off for so long they can no longer claim benefits.
17 posted on 10/15/2009 6:27:28 AM PDT by GonzoGOP (There are millions of paranoid people in the world, and they are all out to get me.)
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To: Blood of Tyrants

Wonder what data has been tampered with to make this number unexpectedly show up?


18 posted on 10/15/2009 6:28:59 AM PDT by Flint
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To: Blood of Tyrants

Release numbers that look good and get media attention. Later, revise the number downward for the media to ignore.


19 posted on 10/15/2009 6:29:06 AM PDT by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
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To: GonzoGOP

Congress recently extended unemployment compensation by 53 weeks.


20 posted on 10/15/2009 6:29:13 AM PDT by Blood of Tyrants (The Second Amendment. Don't MAKE me use it.)
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To: SirFishalot
This metric could aslo point to another situation, employers are running out of people to lay off.

Exactly

21 posted on 10/15/2009 6:29:29 AM PDT by NonValueAdded ("The President has borrowed more money to spend to less effect than anybody on the planet. " Steyn)
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To: Blood of Tyrants

I got some swampland in florida to sell anyone if they also believe there such a thing as a “jobless economic recovery”.


22 posted on 10/15/2009 6:29:45 AM PDT by Proud_USA_Republican ("The problem with socialism is that you eventually run out of other people's money.")
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To: Blood of Tyrants

My husband has been laid off for three months. He is not qualified for unemployment benefits until next week. There are a lot of people that are not working that don’t show up in these figures.


23 posted on 10/15/2009 6:29:50 AM PDT by linn37 ( "The problem with socialism is that you eventually run out of other peoples money.)
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To: autumnraine
Saw some signs at factories this week that reminded me of the Great Depression. “Not accepting applications, do not inquire”

Welcome to Hooverville Obama-ville, now leave.


24 posted on 10/15/2009 6:29:57 AM PDT by Iron Munro (When seconds count, the police are only minutes away)
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To: Blood of Tyrants
Foreclosures: 'Worst three months of all time'
25 posted on 10/15/2009 6:31:58 AM PDT by blam
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To: Blood of Tyrants

1/2 a million more people out of work, but hey there is a D in the White House and both houses of congress, lets spin spin spin... Moronic.

More than 3 years of growth have been completely whiped out yet things are looking good? Be serious.


26 posted on 10/15/2009 6:32:38 AM PDT by HamiltonJay
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To: linn37

Why does he have to wait so long to get his unemployment benefits?


27 posted on 10/15/2009 6:32:41 AM PDT by Blood of Tyrants (The Second Amendment. Don't MAKE me use it.)
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To: Blood of Tyrants
There's that word again, unexpectedly.

Exactly. I was just thinking the same thing when I saw the headline. Each hour and half hour, the news 'blips' are played and they are hammering the words lower than 'expected', 'unexpectedly etc etc. People tend to pick up on buzz words and the media know that and uses words to manipulate people into a 'lull'. (imo)

28 posted on 10/15/2009 6:32:48 AM PDT by Outlaw Woman (We know who wins; We have read the 'Book')
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To: Blood of Tyrants

To be revised upwards and buried at the bottom of next month’s story about the unexpected drop in jobless claims. Every employment metric has been better than expected since this sick circus pulled into town. Meanwhile, the concept of job creation is a distant fantasy.


29 posted on 10/15/2009 6:33:07 AM PDT by WhistlingPastTheGraveyard (Some men just want to watch the world burn.)
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To: Blood of Tyrants

Please post me a link to a confirmation of this. Most states offer 6 months at the most of standard unemployment benefits, and you might get a 3 month extention on top of that. But thats it.
53 week extention? Were you being sarcastic about something?


30 posted on 10/15/2009 6:35:10 AM PDT by Proud_USA_Republican ("The problem with socialism is that you eventually run out of other people's money.")
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To: randog

Must be getting down to where there aren’t that many people left to lay off. Then the number is bound to drop.


31 posted on 10/15/2009 6:35:58 AM PDT by Past Your Eyes (You don't have to be ignorant to be a Democrat...but if you are...so what?)
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To: SirFishalot
employers are running out of people to lay off.

I think that's a big part of it.

32 posted on 10/15/2009 6:37:22 AM PDT by nascarnation
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To: Blood of Tyrants

To be revised upward next week. In any event, any jobless claim number over 500,000 is a terrible number, historically speaking. Companies are shedding fewer workers because there are few workers left to lay off, short of going out of business.


33 posted on 10/15/2009 6:38:03 AM PDT by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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To: Proud_USA_Republican

It is in this story. Just read on down.


34 posted on 10/15/2009 6:39:12 AM PDT by Blood of Tyrants (The Second Amendment. Don't MAKE me use it.)
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To: jersey117
When are we going to see reports about jobs added?

Well, the 'Rat Gooberner of Michigan said last week that Michigan will add 42,000 new green jobs over the next eleven years!.....

35 posted on 10/15/2009 6:40:49 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: Blood of Tyrants

These people are turning into weathermen. They have no clue what’s coming but making predictions nonetheless.


36 posted on 10/15/2009 6:43:36 AM PDT by Personal Responsibility (In a time of universal deceit, telling the truth is a revolutionary act)
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To: Thermalseeker
42,000 new green jobs over the next eleven years!

How exciting!

37 posted on 10/15/2009 6:43:41 AM PDT by WhistlingPastTheGraveyard (Some men just want to watch the world burn.)
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To: Blood of Tyrants
This is fantastic news. Soon, when everyone has lost their job, new jobless claims will fall to zero and everything will be wonderful!
38 posted on 10/15/2009 6:44:12 AM PDT by Zeddicus
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To: autumnraine

Almost all of my customers have that sign on their front door, not applications at this time.


39 posted on 10/15/2009 6:45:51 AM PDT by Texas resident ( Doing my part to piss off the heathen left.)
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To: Blood of Tyrants

Sickening.


40 posted on 10/15/2009 6:46:09 AM PDT by b4its2late (Ignorance allows liberalism to prosper.)
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To: Personal Responsibility

Weathermen are occasionally right.


41 posted on 10/15/2009 6:46:26 AM PDT by Blood of Tyrants (The Second Amendment. Don't MAKE me use it.)
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To: SoFloFreeper

I’m no fan of GWB but I do remember when unemployment was around 4.5, Nancy and her crew were screaming that these were not “the right kind” of jobs.

What?


42 posted on 10/15/2009 6:47:17 AM PDT by Reagan69 (The only thing SHOVEL-READY since BO's stimulus has been MICHAEL JACKSON (tammy bruce))
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To: autumnraine
Speaks volumes.

Yep. It says to me that people really need to develop marketable job skills because the days of landing a job at the local widget factory, putting in your 20 and retiring are over, probably for good. Our gubmint has made it ridiculously difficult to do business in this country and compete globally thanks to excessive taxes and regulation. If this health care boondoggle passes I expect a lot more to move off shore. I still see a lot of companies are hiring engineers and other highly skilled people, though....

43 posted on 10/15/2009 6:47:22 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: Reagan69

“The right kind” of jobs are politically correct, “green”, GOVERNMENT UNION jobs.


44 posted on 10/15/2009 6:48:14 AM PDT by MrB (Go Galt now, save Bowman for later)
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To: Blood of Tyrants

How are they going to spin the layoffs in December. Traditionally, companies lay off at that time of the year as a nice little Christmas present.


45 posted on 10/15/2009 6:50:01 AM PDT by Texas resident ( Doing my part to piss off the heathen left.)
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To: WhistlingPastTheGraveyard

Landscaping?


46 posted on 10/15/2009 6:50:06 AM PDT by Reagan69 (The only thing SHOVEL-READY since BO's stimulus has been MICHAEL JACKSON (tammy bruce))
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To: WhistlingPastTheGraveyard
How exciting!

Ain't it, though? She actually stood there with a straight face in a state that is, for all intent and purposes in a depression, and said this as if everyone should be impressed. As Rush commented, we should be creating 42,000 jobs A DAY in this country.....not spread out over 11 years!

47 posted on 10/15/2009 6:50:51 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: Blood of Tyrants

What would be unexpected is new jobs being created and unemployment actually going down instead of up.


48 posted on 10/15/2009 6:50:55 AM PDT by tiki (True Christians will not deliberately slander or misrepresent others or their beliefs)
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To: Blood of Tyrants

He truly is Urkel, “Did I do that?”


49 posted on 10/15/2009 6:51:01 AM PDT by Cletus.D.Yokel (FreepMail me if you want on the Bourbon ping list!)
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To: Blood of Tyrants

AFAIK over 300k is bad.


50 posted on 10/15/2009 6:51:14 AM PDT by Tolsti2
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