Welcome to Hooverville Obama-ville, now leave.
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 ...
Exactly
I got some swampland in florida to sell anyone if they also believe there such a thing as a “jobless economic recovery”.
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.
Welcome to Hooverville Obama-ville, now leave.
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.
Why does he have to wait so long to get his unemployment benefits?
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)
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.
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?
Must be getting down to where there aren’t that many people left to lay off. Then the number is bound to drop.
I think that's a big part of it.
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.
It is in this story. Just read on down.
Well, the 'Rat Gooberner of Michigan said last week that Michigan will add 42,000 new green jobs over the next eleven years!.....
These people are turning into weathermen. They have no clue what’s coming but making predictions nonetheless.
How exciting!
Almost all of my customers have that sign on their front door, not applications at this time.
Sickening.
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