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Jobless claims fall by largest amount since July
Market Watch ^ | 02/11/2010 | MArket Watch

Posted on 02/11/2010 5:36:16 AM PST by The Magical Mischief Tour

WASHINGTON (MarketWatch) - First-time claims for state unemployment benefits fell by the largest amount since July. The number of initial claims in the week ending Feb. 6 fell 43,000 to 440,000. This was a sharper drop than expected.

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


TOPICS: Breaking News
KEYWORDS: economy
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To: The Magical Mischief Tour

to be revised at a later date


51 posted on 02/11/2010 6:45:15 AM PST by rhombus
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To: The Magical Mischief Tour

I like to put things in perspective for the math challenged that can't understand what 440k of people losing their job last month really means.

52 posted on 02/11/2010 6:45:57 AM PST by Abathar (Proudly posting without reading the article carefully since 2004)
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To: Abathar

Excellent post.

BUMP


53 posted on 02/11/2010 6:47:37 AM PST by paulycy (Demand Constitutionality. (Hi Mom.))
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To: The Magical Mischief Tour

Many are off the numbers now as their unemployment checks are up...God help them!!!! Imagine if you had no money coming in, how do you pay the mortgage, food, electric? What a mess to be in. My heart goes out to the unemployed. And please spare me the comments about being on the Government dull....before you open your mouth and insert your foot, think...think about how you would feel unemployed, using up your savings and then no unemployment check coming in..It is scary as h*ll!!!


54 posted on 02/11/2010 6:48:41 AM PST by blueyon (The U. S. Constitution - read it and weep)
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To: The Magical Mischief Tour

Job hunters have a different opinion of this “rebounding” economy.


55 posted on 02/11/2010 6:56:08 AM PST by mysterio
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To: Old Teufel Hunden
"...how we had a net loss of jobs over the last quarter but the unemployment figure fell from 10.1% to 9.7%"

The Bureau of Labor Stats uses its "Household Survey" data to establish the "unemployment rate". That survey estimates 2 variables: Number of people working, and number of people seeking work. If you aren't "seeking work" you don't show up as "unemployed". They then apply a series of "adjustments" using statistical algorithms to reach the stated rate.

Historically, these numbers have been reasonably well prepared and reliable. Recently though, the estimates have seemed increasingly subjective, with apparently counter intuitive results. For example, fewer jobs, higher population - yet lower unemployment.

For that reason, I believe its much better to simply rely on the "total jobs" data, which is much less subjective, as an indicator of economic health. This number is kept honest by an very broad and excellent employer survey done by ADP.

The ADP survey reflects actual payroll data from 500,000 major employers who employ 10's of millions of people. The ADP survey results can be seen at anytime at:

http://www.adpemploymentreport.com/

The results can even be downloaded in spreadsheet form, and I believe their methodology is transparent and available for review. I suggest all Government statements on jobs and hiring be compared with the ADP results.
56 posted on 02/11/2010 6:58:20 AM PST by crescen7 (game on)
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To: VanDeKoik

I do not understand how the number of unemployed is up and the percentage is down>


57 posted on 02/11/2010 6:58:35 AM PST by Big Horn (Rebuild the GOP to a conservative party)
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To: The Magical Mischief Tour

That could merely mean their unemployment benefits expired.


58 posted on 02/11/2010 7:01:30 AM PST by Man50D (Fair Tax, you earn it, you keep it! www.FairTaxNation.com)
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To: The Anti-One

Who gives a rat’s arse if a few thousand more or less didn’t?

__________________________________

You’re right. Thousands of people in the workforce die each month and in most cases, they have to be replaced.


59 posted on 02/11/2010 7:02:19 AM PST by unkus
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To: The Sons of Liberty

Expect more and more propaganda, and manufactured statistics leading up to the elections.
______________________

They can manufacture all the statistics they want.

Individuals in dire financial straits don’t care about “statistics” and are going to vote accordingly.

The Hope and Change thing is going to bite the Rats in the butt.


60 posted on 02/11/2010 7:06:57 AM PST by unkus
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To: wbarmy
This p-resident has a completely different agenda and is not scared to use it - thankfully his inexperience keeps him from being effective along with his narsissitic personality disorder.
61 posted on 02/11/2010 7:09:16 AM PST by mad_as_he$$ (usff.com)
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To: Old Teufel Hunden

my thoughts too.

remember how this white house said the GDP rose in the last quarter but it came out it weeks later never rose anything like that and the MSM hardly covered that story and now they;’re in overdrive again.

Lets say Bush was still in the MSM would report this as unemployment goes up , more and more people claiming, nearly a half million.
the MSM have been in love with obama since he came on the scene back at the Dem convention.

Now these figures come out and the MSM says we’re seeing a great improvement, .

The only way the MSM would even report any realy truth to obama is if they saw their own 401k’s gong down quickly and wherre they get affected directly .
Still to them they’re good, they have a house, a job, and decent money coming in so screw the average working class.

Yes remember that class the working blue collar class, the class which has been forgotton.

They say middle class is around 80 grand a year well wife and I don’t make anything like that put together so are we peasant class?
The class which works hard, long hours but do not get freebies and pay taxes but are forgot.


62 posted on 02/11/2010 7:09:49 AM PST by manc (WILL OBAMA EVER GO TO CHURCH ON A SUNDAY OR WILL HE LET THE MEDIA/THE LEFT BE FOOLED FOR EVER)
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To: world weary

if it were a republican in the white house the MSM would be reporting how the real figures are and not the under 10% are unemployed.

How many times have we heard the MSM report the other millions or the % figures of the country who have lost unemployment , out of work, can’t get a job etc?


63 posted on 02/11/2010 7:13:03 AM PST by manc (WILL OBAMA EVER GO TO CHURCH ON A SUNDAY OR WILL HE LET THE MEDIA/THE LEFT BE FOOLED FOR EVER)
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To: The Magical Mischief Tour

NEGATIVE 43,000!! Things are looking up! That’s MUCH better than shedding 500,000 jobs a month. Obama is a genius and a miracle worker. Praise Marx!


64 posted on 02/11/2010 7:13:56 AM PST by ProtectOurFreedom
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To: TomGuy

and if it were a republican in power the real numbers would be counted and reported by the MSM, but of course this is their lover and they have to spin this as best as they can.

I blame the voters who voted for this idiot for treating the election like it’s American idol and also the voters who voted based on color but I also blame the so called MSM who have not done their job since he came on the scene, it is truly sickening to see them bend over and kiss his toes.


65 posted on 02/11/2010 7:16:35 AM PST by manc (WILL OBAMA EVER GO TO CHURCH ON A SUNDAY OR WILL HE LET THE MEDIA/THE LEFT BE FOOLED FOR EVER)
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To: The Magical Mischief Tour
Falling off a cliff through a slight updraft doesn't soften the rocks below.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

66 posted on 02/11/2010 7:17:35 AM PST by The Comedian (Evil can only succeed if good men don't point at it and laugh.)
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To: VanDeKoik

“Those 440,000 other people, whom actually lost their jobs, are just tickled pink!”

Hardly even an equilibrium - which is somewhere in the 200,000s...Also, we’re still sitting at 16.5 to 21.5% seasonally adjusted, non-seasonally adjusted U6 rates or even higher Shadow Government Stats [http://www.shadowstats.com/], discouraged workers...

Yeah, it’s peachy out there...

They’re grasping at any straw to save their straw messiah.


67 posted on 02/11/2010 7:19:02 AM PST by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773 & pray 2 Chronicles 7:14!)
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To: manc

“and if it were a republican in power the real numbers would be counted and reported by the MSM, but of course this is their lover and they have to spin this as best as they can.”

Aint that the truth...hmmmph.


68 posted on 02/11/2010 7:19:57 AM PST by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773 & pray 2 Chronicles 7:14!)
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To: The Anti-One

I am a retired Army Col with 2 tours in Iraq under my belt. I would like to see the movie “7 Days in May” rewritten with a different ending. God help our country.


69 posted on 02/11/2010 7:20:37 AM PST by jesseam (Been there, done that)
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To: SeattleBruce

What happens when all the discouraged workers, that they’re no longer counting (??) head back into the market...we’ve a long way out of these woods...thanks obambi.


70 posted on 02/11/2010 7:21:49 AM PST by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773 & pray 2 Chronicles 7:14!)
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To: manc
if it were a republican in the white house the MSM would be reporting how the real figures are and not the under 10% are unemployed.

I don't think so, the press is just as short sighted no matter who is in power.

71 posted on 02/11/2010 7:24:02 AM PST by world weary
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To: ltc8k6

My son is not unemployed but is working a temp job to get some money. Many people are in the same fix. No benefits and long hours for crap money. There are several business’s taking advantage of this economy to use temporary services
to pay low wages and no benefits. Thanks Obama


72 posted on 02/11/2010 7:32:12 AM PST by oldironsides
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To: The Magical Mischief Tour
First-time claims for state unemployment benefits fell by the largest amount since July.

Red is red. Let us know when we get into the black and actual unemployment is being reduced.

People running through their benefits and dropping off the rolls doesn't count. I'm in agreement that true unemployment borders 20%.

73 posted on 02/11/2010 7:37:10 AM PST by RGSpincich
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To: The Anti-One
#35 Edited

The "percentages" are the number of people our government pays an unemployment check to every week. Not the number of people that are actually unemployed. Just because the number of people that are receiving a check has fallen it does not mean the number of people that are unemployed has gone down. It simply means that those that have been on unemployment the longest are now falling off the ledgers because they have reached the end of the period of time they are allowed to receive benefits.

On a side note. I find it odd that no one ever mentions the tens of thousands of self employed people that are out of work. I'm talking about all the small businessmen and women that are the backbone of American business. Those people that hire 2, 3, 4 or 5 people at most but that are now out of work themselves. Those people are not eligible for unemployment benefits even though they too are out of work. They are also NOT HIRING.

This country is sooooooo screwed and if something's not done to legally remove the illegal alien from the White House's Oval Office not only is the United States screwed but so too is the rest of the world.

Where are our military officers? Do any of you remember the "OATH" you took?

I, [name], do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; that I take this obligation freely, without any mental reservation or purpose of evasion; and that I will well and faithfully discharge the duties of the office on which I am about to enter. So help me God.
Shameful at best if not treasonous to do nothing.

JMHO

If it matters to anyone I do apologize for the errors.

74 posted on 02/11/2010 7:41:18 AM PST by The Anti-One (So likewise ye, when ye shall see all these things, know that it is near, even at the doors.)
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To: The Magical Mischief Tour

Only 440,000 new unemployment claims! Happy days are here again! Let’s party!

Anyone adding up the total unemployment?


75 posted on 02/11/2010 7:44:23 AM PST by popdonnelly (Yes, we disagree - no, we won't shut up - no, we won't quit.)
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To: The Magical Mischief Tour

At this rate, there will be no private industry jobs by November of 2012. I wonder what the consequences of that will be.


76 posted on 02/11/2010 7:49:17 AM PST by cookcounty (Let us not speak of the honor of men. Rather, let us bind them with the Constitution. --Jefferson)
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To: jesseam

Thank you for your 2 tours off duty/service to our country...Glad to have you back home. God Bless


77 posted on 02/11/2010 7:49:31 AM PST by blueyon (The U. S. Constitution - read it and weep)
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To: The Magical Mischief Tour

I wonder if we are going to get the 13th consecutive monthly upward “revision” in a row, so that the Dems get the headline today, and the footnote next Saturday night giving us the real number.

This will probably have to keep happening for another decade before the stupid press figures it out......that assumes, of course, that they are remotely capable of figuring.


78 posted on 02/11/2010 7:53:50 AM PST by cookcounty (Let us not speak of the honor of men. Rather, let us bind them with the Constitution. --Jefferson)
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To: paulycy

Well, after a while there are not too many folks left to fire.


79 posted on 02/11/2010 7:57:34 AM PST by Jolla
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To: The Magical Mischief Tour

Typical MarketWatch article.

48-point font for this story.

Next week when they revise the numbers and we see something closer to the truth, it will be in 2-pt font at the bottom of some unrelated page.

DON’T READ MARKETWATCH ARTICLES. JUST READ THE COMMENTS FROM THOSE WHO KNOW WHAT THEY’RE TALKING ABOUT.


80 posted on 02/11/2010 7:58:06 AM PST by Ghost of Philip Marlowe (Prepare for survival.)
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To: The Magical Mischief Tour

Wanna bet the snow and the lack of fed workers in DC have resulted in non-reporting and these stats are incomplete?

Wait for next week when the real reality of the four days off the feds took for snow, really hits the stats.

Can’t file for unemployment when the govt office is closed.


81 posted on 02/11/2010 8:06:11 AM PST by George from New England (escaped CT 2006; now living north of Tampa Bay)
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To: The Magical Mischief Tour

How many times do we have to be accosted by these lies? In a waeek or two the numbers will be “surprisingly” higher.


82 posted on 02/11/2010 8:06:18 AM PST by dools007
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To: The Magical Mischief Tour

When will GOD strike these liars down?

This is like carrying a gas can to a fire. This just PISSES me off more every month!


83 posted on 02/11/2010 8:08:57 AM PST by gathersnomoss (General George Patton had it right.)
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To: Old Teufel Hunden
" I still can’t figure out how we had a net loss of jobs over the last quarter but the unemployment figure fell from 10.1% to 9.7%. I thought you would have to have a net jobs gain in order for the unemployment to fall. At least thats what my basic math tells me."

Washington doesn't do Basic Math. They do Obfuscation With Numbers and Other Numerical Ploys.

Hint: "Unemployed" is not the same as "not working." If you were "unemployed" for the last twelve months but have now decided to pack it in and live off your relatives, for the purpose of the official numbers, you are no longer "unemployed."

Many have maxed out on their unemployment benefits and are therefore no longer reporting to the state "Employment Office" and thus are dropped from the calculation.

84 posted on 02/11/2010 8:09:36 AM PST by cookcounty (Let us not speak of the honor of men. Rather, let us bind them with the Constitution. --Jefferson)
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To: Old Teufel Hunden
The GOP is MIA on this monthly jobless BS stream. WHERE THE HELL ARE THEY?????

Vote Independent, screw the enablers!!!!!!!!!!

85 posted on 02/11/2010 8:11:36 AM PST by gathersnomoss (General George Patton had it right.)
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To: Abathar

Uh, that’s the University of Michigan Big House, so you need another 1/4th of a stadium to get to 440K


86 posted on 02/11/2010 8:11:43 AM PST by cookcounty (Let us not speak of the honor of men. Rather, let us bind them with the Constitution. --Jefferson)
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To: shelterguy

Lets not forget the fact that small business owners who go under are not included in these numbers either.


87 posted on 02/11/2010 8:14:22 AM PST by panthermom
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To: The Anti-One

Hold on, is the 440,000 number “lost jobs in a week”? Please confirm! Is that 440,000 within 7 whole days?


88 posted on 02/11/2010 8:14:39 AM PST by gathersnomoss (General George Patton had it right.)
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To: The Magical Mischief Tour

Could it be that there’s no one left to fire????


89 posted on 02/11/2010 8:16:14 AM PST by massmike (...So this is what happens when OJ's jury elects the president....)
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To: Jane Long

One cannot confront another from another from his own black race. However, whites confront others of the “white” race every day!

Steele must go, or the GOP is toast for me. I knew when Barry won the TOTUS the race card would be trumping everything.

Real nice.


90 posted on 02/11/2010 8:20:41 AM PST by gathersnomoss (General George Patton had it right.)
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To: wbarmy

Barry, The Muslim, has learned from History. Barry has 35 months to continue his Islamic deeds.


91 posted on 02/11/2010 8:26:57 AM PST by gathersnomoss (General George Patton had it right.)
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To: The Magical Mischief Tour

Only 440,000 people lost jobs in Washington state in the last week?

Things are really getting better.


92 posted on 02/11/2010 8:29:21 AM PST by <1/1,000,000th%
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To: The Anti-One

“”””””On a side note. I find it odd that no one ever mentions the tens of thousands of self employed people that are out of work. I’m talking about all the small businessmen and women that are the backbone of American business. Those people that hire 2, 3, 4 or 5 people at most but that are now out of work themselves. Those people are not eligible for unemployment benefits even though they too are out of work. They are also NOT HIRING.””””””””””

I share shop space and land with six other small businesses. We have been together for years in this communal relationship. We are all the typical small business types. 3-4 employees, self employed, ineligible for unemployment.

This winter, so far, THREE of the companies have folded.
They don’t show up on any unemployment statistics anywhere.


93 posted on 02/11/2010 8:32:03 AM PST by shelterguy
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To: crescen7

No one has surveyed this household. This IS taxation without representation.

These pricks must go! And the angry gun toting, bible carrying crowd IS NOT getting smaller.


94 posted on 02/11/2010 8:32:44 AM PST by gathersnomoss (General George Patton had it right.)
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To: manc; The Anti-One

Posts of the day!!!

EVERY Conservative/Republican running for office should use your words as there talking points; they’d win 98% of the time.

Perfectly stated points!


95 posted on 02/11/2010 8:38:25 AM PST by GOPsterinMA (Camelot sleeps with the fishes!)
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To: Old Teufel Hunden

Yes.

People have either exhausted their unemployment benefits or quit looking, thus fewer claims.

Those figures don’t tally how many Americans are out of work, just how many have filed claims. In this pr0l0nged recession, it’s not an accurate measure of misery.


96 posted on 02/11/2010 8:44:32 AM PST by Jedidah (Character, courage, common sense - absolutely required to get my vote. More important than issues.)
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To: CharlesWayneCT

Giving some hope that the recovery is picking up steam!


97 posted on 02/11/2010 8:44:44 AM PST by ichabod1 ( I am rolling over in my grave and I am not even dead yet.)
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To: Iron Munro

Layoffs aren’t the only way to shed jobs. Business failures work quite as well.


98 posted on 02/11/2010 8:48:24 AM PST by ichabod1 ( I am rolling over in my grave and I am not even dead yet.)
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To: TNCMAXQ

I figure that Florida and Texas have been not participating in the depression. We don’ like’at. Time to share the misery.


99 posted on 02/11/2010 8:52:37 AM PST by ichabod1 ( I am rolling over in my grave and I am not even dead yet.)
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Stop the presses! We don’t suck as much as we did last week! Lets have a party.


100 posted on 02/11/2010 8:53:57 AM PST by Vermont Lt (I am light skinned and don't speak with a dialect. Can I be President?)
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