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Jobless claims soar
CNN Money ^ | 04/08/10 | Chavon Sutton

Posted on 04/08/2010 7:30:34 AM PDT by AngelesCrestHighway

NEW YORK (CNNMoney.com) -- The number of Americans filing for unemployment insurance for the first time jumped last week, according to government data released Thursday. There were 460,000 initial jobless claims filed in the week ended April 3, up 18,000 from an upwardly revised 442,000 the previous week, according to the Labor Department's weekly report.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Breaking News; Business/Economy
KEYWORDS: 0bamasfault; bho44; bhoeconomy; braking; democrats; economy; hopeychangey; jobs; obama; obamanomics; obamasfault; unemployment; unexpected
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To: Thermalseeker
If you have marketable job skills there is work to be had.

Have you tried looking for work since September, 2008?

I'm in the market right now. There are very few jobs and very many applicants chasing them.

51 posted on 04/08/2010 8:25:53 AM PDT by Campion ("President Barack Obama" is an anagram for "An Arab-backed imposter")
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To: AngelesCrestHighway

Kell soopreez.


52 posted on 04/08/2010 8:26:41 AM PDT by American Quilter (The Democrats are deliberately destroying America. They must be destroyed in turn.)
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To: DonaldC

Yeah, and I “have a chance” of winning the lotto.

http://www.youtube.com/watch?v=KX5jNnDMfxA


53 posted on 04/08/2010 8:27:27 AM PDT by WOBBLY BOB ( FIRE STUPAK: LindaForCongress.com)
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To: AngelesCrestHighway

Slavery reinstated 101

Bought to you by the party of Democracy.


54 posted on 04/08/2010 8:28:23 AM PDT by Del Rapier
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To: AngelesCrestHighway

"Don't worry! Don't worry! Those are just private sector jobs -- people working for the evil corporations, insurance companies, banks. We're creating good jobs. Union jobs. GOVERNMENT JOBS! Those are real jobs!"

55 posted on 04/08/2010 8:29:13 AM PDT by Mad_Tom_Rackham (It is the duty of the patriot to protect his country from its government -- Thomas Payne)
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To: Tallguy

My benefits are done tomorrow, at 18 weeks.

“Wait Till The Sh!t Hits The Fan”

http://www.youtube.com/watch?v=U8r79kLk_Hw


56 posted on 04/08/2010 8:29:36 AM PDT by gathersnomoss (General George Patton had it right.)
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To: Thermalseeker

“ninety nine weeks!”

Not if you started benefits on December 1 here in VA. There is a bit of a “donut hole” where the benefits end at 18 weeks.


57 posted on 04/08/2010 8:31:49 AM PDT by gathersnomoss (General George Patton had it right.)
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To: AngelesCrestHighway
There were 460,000 initial jobless claims filed in the week ended April 3.

I'm trying to understand thsi figure, especially the word --initial. This tells me that 460,000 were newly laid off. Am I right in my understanding ? If so, WHEN were they laid off ? the previous week ?

If this is the case, that's a huge number. If say 450,000 people are newly laid off per week, that amounts to close to 2.5 Million people a year if you extrapolate it.

Somebody help this poor ignoramus trying to understand the figures.
58 posted on 04/08/2010 8:36:10 AM PDT by SeekAndFind
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To: Thermalseeker

Don’t you have to provide proof you’ve applied for jobs each week in order to continue to receive benefits?


59 posted on 04/08/2010 8:36:23 AM PDT by jennyjenny
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To: Erik Latranyi

“The Senate adjourned before Easter, leaving the Jobs Bill (Stimulus 2), in limbo which included........unemployment extensions!”{

I have to wait until congress returns to see if I can get an extension beyond 18 weeks. No jobs to be found. Looking at starting my own company.

“Strange Days”....Humble Pie

http://www.youtube.com/watch?v=4H9HH9fdnzE


60 posted on 04/08/2010 8:36:38 AM PDT by gathersnomoss (General George Patton had it right.)
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To: AngelesCrestHighway

The persistent use of that term “unexpected” is why the LMSM has lost all credibility. They are actually complicit in the perpetuation of lost jobs, productivity and indeed American Exceptionalism.

This traitorous pretender in the Oval Office talks commitment to fixing the high unemployment problem out of one side of his mouth, but then generates policy and legislation that is 100% geared toward making the problem worse. He is INTENTIONALLY making us as MISERABLE as possible.

If the press were doing it’s job, impeachment proceedings would already be under way.


61 posted on 04/08/2010 8:38:38 AM PDT by TruthHound ("He who does not punish evil commands it to be done." --Leonardo da Vinci)
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To: Campion
I'm not looking. However, I've been contacted several times over the past 12 months by defense and aerospace contractors over in Huntsville, AL who are looking for engineers in a variety of disciplines. Most of it is classified work and you have to be able to pass a piss test and a background check to gain clearance. I've been out of that arena for at least 10 years and I have no idea how these folks got my information.

Have you considered moving, traveling, or going overseas for work? I did a lot of overseas work in the 90's and made a pile of money doing it. There is work out there, but you can't limit yourself to your local area. You might have to move or be willing to travel and it might not be exactly what you want to do, but it would be better than depending on Uncle Sugar. Most people aren't willing to travel or go overseas and, as such, they limit themselves to what is available in their local area. Similarly, far, far too many people in this country fail to develop broad based marketable job skills and rather expect that employers should hire them "just because". You have to make yourself valuable to an employer to gain and keep a job in hard times. If you chose to not develop job skills that are in demand you have no one to blame but yourself. Those limitations are self imposed. I don't want to sound callous, but more often than not the biggest limitation people have to finding work stares at them when they look in a mirror.....

62 posted on 04/08/2010 8:39:24 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: Cletus.D.Yokel
I am sorry for Mrs. Yokel. We have a friend whose family was joining us for a summer vacation in the mountains this year. He just called and cancelled. His company cut his hours in half.
63 posted on 04/08/2010 8:39:43 AM PDT by rep-always
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To: Rational Thought
More evidence the Obama Stimulus is working?

No, just more evidence that we must pass immigration reform NOW!!!

(the healthcare reform angle is sooooo last month...)

64 posted on 04/08/2010 8:39:54 AM PDT by Zeppelin (Keep on FReepin' on...)
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To: jennyjenny
Don’t you have to provide proof you’ve applied for jobs each week in order to continue to receive benefits?

I would certainly hope so, but I don't know because I've never once collected unemployment compensation. However, given the mentality of gubmint employees that I've encountered I have absolutely no faith that there is any follow up to verify what is claimed in terms of proof that you are indeed looking......

65 posted on 04/08/2010 8:41:47 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: Oldeconomybuyer

It was on Google News front page (I saw it), but the lead stories change constantly as new ones are posted. Just like FR. By the time you looked, it had dropped from the top, but will likely be reposted as other outlets update.


66 posted on 04/08/2010 8:42:10 AM PDT by Jedidah (Character, courage, common sense are more important than issues.)
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To: SeekAndFind

“I’m trying to understand thsi figure, especially the word —initial. This tells me that 460,000 were newly laid off. Am I right in my understanding ? If so, WHEN were they laid off ? the previous week ? “

Someone a few months ago said the normal in a robust economy is 300,000 or so. While we are still loosing ground, it is not as bad as that number initially seems.


67 posted on 04/08/2010 8:42:21 AM PDT by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: Tallguy

.....due to expiration of benefits.....

That statement is a rings untrue to me. I thought benefits had been extended and re-extended more or less to perpetuity.

To go off the rolls means the person must have been out of a job for what? 24 months?


68 posted on 04/08/2010 8:42:40 AM PDT by bert (K.E. N.P. +12 . Ostracize Democrats. There can be no Democrat friends.)
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To: Joe Boucher

Kenya spare a quarter mister?


69 posted on 04/08/2010 8:49:32 AM PDT by Repeat Offender (While the wicked stand confounded, call me with Thy Saints surrounded)
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To: Thermalseeker

That depends on where you are and the amount of mobility you have. A job 100 miles from home isn’t an option for people with families.


70 posted on 04/08/2010 8:51:48 AM PDT by SWAMPSNIPER
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To: SWAMPSNIPER
A job 100 miles from home isn’t an option for people with families.

But it might be necessary. For 20+ years it was exceedingly common for me to drive 8-12 hours or fly to the other side of the country (or to a foreign country) in order to work. I would often stay out of town for 5-10 weeks at a time, especially on foreign contracts. Sometimes it was shorter, sometimes longer. If you aren't willing to go where the work is then you are imposing limitations on yourself. Similarly, if you aren't willing to develop broad based skills then you and you alone are limiting yourself. Lots of people with families travel for a living every day. Hotels in every town are full of people who travel for a living. I employed over 100 people at one time, most of whom had families and all but 10 or so in the office traveled just like I did. Is it easy? No, but it was necessary and quite profitable......

71 posted on 04/08/2010 8:58:20 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: DonaldC
Someone a few months ago said the normal in a robust economy is 300,000 or so.

This does not answer my question. What is 300,000 in a normal economy ? 300,000 newly created jobs or 300,000 newly laid off people?
72 posted on 04/08/2010 8:58:22 AM PDT by SeekAndFind
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To: AngelesCrestHighway

Is this his home country or the USA?

I wish these reporters would be more specific.


73 posted on 04/08/2010 9:02:36 AM PDT by PA-RIVER
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To: SeekAndFind

Laid off people.


74 posted on 04/08/2010 9:03:56 AM PDT by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: DonaldC
OK, I got this from reading Wikipedia ( see topic : JOBLESS CLAIMS ) :

"Initial Jobless Claims is a report issued by the U.S. Department of Labor on a weekly basis. The employment situation is extremely important for a macroeconomic analysis, so the financial markets tracks employment indicators, although this is a low impact one compared with the monthly BOL's "Employment Report". This report tracks how many people have filed for unemployment benefits in the previous week".

This simply means that with the figure of 460,000 initial jobless claims, there were 460,000 who lost their jobs last week !!

This of course does not give us the total economic picture because I would like to know how many new jobs were added last week so that we can see the NET gain or loss in jobs.
75 posted on 04/08/2010 9:04:00 AM PDT by SeekAndFind
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To: AngelesCrestHighway

Unexpected my ass. The press was trying to pre-spin reality and place upon it a preceived reality that does not match REAL reality.

Say, Obama.... where is it the Cubs play? That COMINSKI park? How about Comiskey park.... oh and who is your favorite player? Uh.... there was a player for the Sox named Uh? who knew?!

ROTFLAMO. What else can you expect of this idiot with out a teleprompter. We can’t believe a damn thing coming out of the government or out of the press.


76 posted on 04/08/2010 9:05:41 AM PDT by Danae ( The sleeping Giant is awake)
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To: NMEwithin

Insinuating that unemployed people don’t get up and get dressed?


77 posted on 04/08/2010 9:06:40 AM PDT by Mangia E Statti Zitto
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To: SeekAndFind

“This of course does not give us the total economic picture because I would like to know how many new jobs were added last week so that we can see the NET gain or loss in jobs. “

Yea, I don’t know how to find that out either. That would be good to know.


78 posted on 04/08/2010 9:06:58 AM PDT by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: Mrs. Frogjerk

We ARE out of the woods! The cool, shady woods...now we are baking our brains out in the middle of a wide open sandy desert. I’d rather be back in the woods.


79 posted on 04/08/2010 9:08:08 AM PDT by RipSawyer (Trying to reason with a leftist is like trying to catch sunshine in a fish net at midnight.)
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To: MNDude

But it has to be really, really, really big.


80 posted on 04/08/2010 9:14:27 AM PDT by Psycho_Bunny (Socialism is for people who've given up.)
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To: SWAMPSNIPER

I used to drive 160 miles round trip, everyday for 5 years.

I now Rent an apartment 140 miles from my house. I Return on Weekends.

I have four kids. Its not easy.

I will not buy a house where I work, because that changes every 4 or 5 years. (Companies get sold or close) So I keep the old house as my base.

But now that I have free healthcare, I have no worries at all ... s/off


81 posted on 04/08/2010 9:15:21 AM PDT by PA-RIVER
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To: PA-RIVER
I used to drive 160 miles round trip, everyday for 5 years.

The nature of my work was field based (telecommunications) It was very common for me to drive 100-300 miles to do 15 minutes to 2 hours worth of work, then drive another 100-200 miles to do it again, then another 100-200 miles and do it again, often in the middle of the night when we had a maintenance window. I wouldn't know how to act if I only had to drive 5 minutes to go to work. Even now after I retired I still keep three or four "irons in the fire". I always have several sources of income. I've never once met anyone I thought was truly successful that worked 40 hours a week, either......

82 posted on 04/08/2010 9:21:41 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: Thermalseeker
You are obviously at a different professional level. The average unemployed person with a family just can't take off and leave kids and a spouse for long periods. It isn't likely that any job they did find would pay enough to support traveling around living in hotels. If you make $50,000.00 and spend $30,000.00 on job related expenses it doesn't make much sense.

You are aware that many hard working people don't make $50,000.00 a year no matter how much overtime they get, aren't you?

"Let them eat cake" just doesn't fly!

83 posted on 04/08/2010 9:24:43 AM PDT by SWAMPSNIPER
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To: Rational Thought

Putting illegal mexicans to work paving our roads.


84 posted on 04/08/2010 9:26:15 AM PDT by Vote 4 Nixon (EAT...FISH...SLEEP...REDUX)
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To: Danae
Obama...The big joke!...Commander-in-Chief?....L.O.L.
85 posted on 04/08/2010 9:28:46 AM PDT by AngelesCrestHighway
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To: Thermalseeker
Sorry, but you’re sounding a tad bit out of touch with the average person seeking work in this country right now. Maybe because you’re retired you aren’t feeling/seeing it as much as others actually experiencing it.
86 posted on 04/08/2010 9:29:02 AM PDT by jennyjenny
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To: NMEwithin
More Americans are now getting up, getting dressed and going to work."

Maybe more idiots you have hired to run the rest of the country into the ground, Zerobama!

87 posted on 04/08/2010 9:33:39 AM PDT by LUV W (DIMs?......start packin'--you're fired!)
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To: jennyjenny
Maybe because you’re retired you aren’t feeling/seeing it as much as others actually experiencing it.

Not at all. I've been on both sides of the fence, both employer and employee. This current climate is NOTHING like the late 70's and early 80's. FWIW, after putting myself through college and grad school I identified a niche that needed to be filled in telecommunications. I built up an engineering business from scratch, starting with nothing. Twice in the course of that business I was down to my last $100. I sold it after a 15 year run, bought some commercial income producing rental properties and retired. I'm only 47 now. Don't kid yourself. I know full well what it is to deal with a market like what we are in. I also know full well the limitations that people put on themselves and that those self imposed limitations are primarily what keeps people from finding employment. You would not believe some of the people that walked through my door seeking employment. I've just about seen it all. Flip flops and tee shirts and hand written resumes. People who bitch about having to travel (Despite the fact that they were very well compensated). Crybabies that couldn't work unsupervised. You name it. You may not like what I'm saying, but it is true just as the sky is blue. BTW, I still dabble in several different things, just not in my field of electrical engineering. I stay quite busy, despite Obamalamadingdong's best efforts......

88 posted on 04/08/2010 9:40:29 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: SWAMPSNIPER
You are aware that many hard working people don't make $50,000.00 a year no matter how much overtime they get, aren't you?

Yes, I'm aware of that. I'm also aware than many "working people" as you call them (as if a Master Degreed engineer doesn't work, LOL!) have done absolutely nothing to take advantage of the wealth of educational opportunities that exist in this country to expand their skill sets. This is a self imposed limitation, just like not being willing to travel is a self imposed limitation because of the life choices they made. Life is indeed a series of choices. Having children is a choice. Spending time in front of the boob tube instead of going to school and learning new skills is a choice. Spending time in front of the boob tube instead of working a second job is a choice. There has never been a time in my life from about 18 on that I've had less than three sources of income. Usually, it's been five or six. I'm sorry, but I have absolutely no sympathy for people who have taken the path of least resistance and now find themselves in a bind. I'm sorry if you don't like it, but it is what it is. You will never, ever get ahead in this country with no marketable job skills, or with an unwillingness to go where the work is, or with an unwillingness to put down the TV remote and make something of yourself. Look around you. It's being played out in every direction to one degree or another. Talk to anyone who has achieved success and you will see that they have broad based skills and did what was necessary to make it work.

89 posted on 04/08/2010 9:51:12 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: VanDeKoik

That “rainbow” with a flag at the end is awful peculiar...is that supposed to be an American missile or a missile heading into America?

And, again, the immoral secularists hijack the symbol of the covenant between God and man.


90 posted on 04/08/2010 9:53:24 AM PDT by jacknhoo (Luke 12:51. Think ye, that I am come to give peace on earth? I tell you, no; but separation.)
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To: bert
To go off the rolls means the person must have been out of a job for what? 24 months?

I take your point, but that's a problem of a different sort. A number of people, some tens of thousands, are losing their benefits during the Easter Recess. Those people are no longer counted as part of the workforce (maybe they never were, but we're debating government policy using government numbers).

91 posted on 04/08/2010 9:55:29 AM PDT by Tallguy ("The sh- t's chess, it ain't checkers!" -- Alonzo (Denzel Washington) in "Training Day")
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To: AngelesCrestHighway

OH my.


92 posted on 04/08/2010 10:01:56 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Chuck DeVore - CA Senator. Believe.)
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To: Thermalseeker

If you’re only 47 years old, you hardly were of an age to worry about making a living during the Carter years.


93 posted on 04/08/2010 10:02:04 AM PDT by jennyjenny
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To: jennyjenny
If you’re only 47 years old, you hardly were of an age to worry about making a living during the Carter years.

I see math isn't your strong suit. I started working in 1976 at the age of 14 at a local county airport as a lineman. Something else happened that year, too. Care to guess what it was? It was the election of Jimmy Carter, that's what. I graduated high school in 1980, smack dab in the middle of the Carter "malaise". Double digit inflation, double digit unemployment, a misery index that was quoted nightly on the news. Entry level jobs were almost non-existent. My first four years of college were spent working 3-4 part time jobs just to make ends meet. Please don't tell me that I don't know what I'm talking about. I do because I lived and worked through it and it was a hell of a lot worse than it is now. It wasn't until Reagan's policies kicked in about the time earned my undergraduate degree in 1984 that I experienced a growing job market for the very first time. I was earning my graduate degree (self funded, I might add) along about the time the stock market crash of 1987 came along. Do you remember that? Do you remember the Dot-Com bomb? I was running a technology based business smack in the middle of that fiasco, too!

It's far better to ask questions if you are unsure of something as opposed to open your mouth with ridiculous statements and remove all doubt......

94 posted on 04/08/2010 10:14:00 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: Thermalseeker; All

The ratio of unemployed people to job openings is about 6.1 unemployed people for every 1 job. So stuff it.

And if you have a problem with me using extended unemployment benefits as I may need to, just consider the fact that I will probably never see the Social Security benefits I paid into for all of these years. I feel no shame when I look at it that way.


95 posted on 04/08/2010 10:14:09 AM PDT by Red in Blue PA (Thinking of using 911 for protection? Google "Brittany Zimmerman")
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To: Thermalseeker

It’s easier to find a job if you currently have a job. If you wait until your job is gone, then it gets much tougher...timing is everything.


96 posted on 04/08/2010 10:17:32 AM PDT by dfwgator
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To: Thermalseeker

“This current climate is NOTHING like the late 70’s and early 80’s.”

You can say that again! I learned back then even as a whipper snapper, that the engine that could, ‘finds a need and fills it’. Folks just refuse to start at square one. My current concern is of today’s economic ‘energy’. There may not be ‘jobs’ but there is ‘work’.


97 posted on 04/08/2010 10:18:18 AM PDT by griswold3
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To: Red in Blue PA
And if you have a problem with me using extended unemployment benefits as I may need to, just consider the fact that I will probably never see the Social Security benefits I paid into for all of these years.

Excuse the hell out of me, but where did I ever say I had a problem with people using extended unemployment bennies? My comments have been directed at the fact that CERTAIN people, and I made that point ABUNDANTLY CLEAR, will ride unemployment bennies for all they are worth INSTEAD of looking for work. I've also said that many people have not developed marketable job skills and as a result they find themselves out of work.

Stuff it your damn self, partner.

98 posted on 04/08/2010 10:19:37 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: griswold3

Bingo!


99 posted on 04/08/2010 10:20:19 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: Thermalseeker
I didn't say you didn't know what you were talking about. I do think, though, you're prone to exaggeration. Lucky you...you could get work at the age of 14 and 3-4 part time jobs during that awful period.

Why so defensive?

100 posted on 04/08/2010 10:20:30 AM PDT by jennyjenny
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