Skip to comments.Jobless Claims Rise 43,000 to 474,000, Estimate Called for Decline of 19,000 (story developing)
Posted on 05/05/2011 5:44:26 AM PDT by Rational Thought
unexpected (everyone drink)
Wow, I’m stunned.
With this pro-business, pro-growth, inflation-fighting regime, this is quite the shock.
Let me be the first to say we are seeing the end of Keynesianism as a serious economic policy for recessions and stagflation. Obama and crew continue to make the same mistakes FDR did policywise (which Hoover also initiated).
If anyone has not read The Forgotten Man by Amity Shlaes do so now if you want to truly understand why we are not coming out of this slump yet.
The dollar is now trading below 80 yen. And for all of you gold and silver bugs, you should look out too.
The economy continues to sink deeper into recovery.
No wonder the Osama story had to happen then.
I am probably an anti-American for not putting all my faith and trust in the federal government, which obviously deserves to never be questioned about anything.
Yes, I must Hate America First for not trusting the government.
Green shoots are being trampled everywhere.
This number should eventually come down — there are only so many private-sector jobs left to cut.
The only ones who seem to understand economics properly are the Austrian economists.
Keynesians are only interested in telling politicians what they want to hear to get cushy government jobs.
Our whole recovery must be falling apart. /sarc
I am sure those gas prices are no help.
We can’t afford Obama for much longer.
So... socialism doesn’t work ??!!??
The Kenyan King is releasing rosy estimates to get good press. His Highness’s recorders then ignore the real numbers.
No silly, socialism will work when the right people are in charge and when they are not hindered by those awful conservatives who want us to drag our workers, our women and our frail children back to the dark ages.
“How stupid do they think we are? “
We elected him, didn’t we?
Of course “we” isn’t Freepers.
But a lot of Americans did vote for the blank slate they thought they got with Baraq.
If we can’t defeat him in 012 based on $5 gas, surging inflation, 10% unemployment, ongoing $1.5 trillion deficits and collapsing home prices, we deserve the bastard.
“Estimate CALLED FOR decline of 19,000”?
Now that’s a story.
Don’t worry. The MSM will “explain” the sudden jump (and the last three or four weeks) as being no big deal. Then tomorrow when unemployment drops 0.5% they will babble about how great everything is.
Well not me, I voted for the Old Guy and his hot sidekick. Curious though the news today the the economy is on it's back and not coming back and no spin can convince us otherwise.
Not when business is still outsourcing business overseas.
Bigd | May 5, 2011 08:40 AM ET
Spring Break! Next they will blame it on Festivus!
No insult intended towards those suffering from that terrible destruction, but the "economic cyclone" of $4.29/gal gas prices is trashing the country. Next month should be truly ugly.
I’m so tired of all of this. This used to be the most powerful country in the world. We’re getting to be a pitiful shadow of our former selves.
Nothing but incompetent and evil immoral leadership, from the top to the bottom.
Incompetent? My guess is not. The ideology of this administration wants people dependent on Government.
Evil? From a free market, capitalist philosophy, absolutely!
We can’t take much more of this recovery! Can we go back to the recession?
With all the "unexpected's" I am past a drink and am actively looking for a liver transplant!
You know what the shocking part is? That the headline didn’t include the word “unexpectedly” (and instead said the same thing by saying that the result bucked the estimate).
The reason is simple: Would-be employers who thought they had two years after the extension of Bush tax cuts have learned that Obama plans to run a campaign against the “rich” for 2012. IOW, they will be villified, and if Obama wins those tax cuts will NOT be extended again if he wins with the cuts being the centerpiece of his campaign.
Then there is Obamacare, gross over-spending by the fed, enormous inflation on the horizon, and every indication that manufacturing and housing will be sluggish to no growth.
Obama has attacked job creators again, and they are not stupid. They will sit on their money until the future is a bit less depressing.
I'm pretty sure the "We" you're talking about doesn't include Freepers.
Let's hope the patient isn't beyond treatment yet.
The joblessness accounting system set up so as days go by people come on the rolls. But at the same time people are aging off the rolls. There is a balance point that you inevitably reach where the ones coming on offset the ones going off and the percentage number locks in place. A high percentage number is reached and it won’t change until there are fewer people coming on the rolls. Once that tipping point is reached the only change of the number that can happen is down.
I have no doubt that some numbers wizard could give you what that number would be. There are far more unemployed out there than ever get reported.
Trump scared the bin laden out of the kenyan. Got to have a month long campaign commercial to set things straight.
I bet last weeks numbers were revised upwards (AGAIN) to make the increase look smaller.
They were, by 2000.
” unexpected (everyone drink)”
unexpected (everyone drink) the Kool=Aid
There, fixed it.
Release of Bin Laden photos in 5...4...3...2...
The plunge should have been predicted. Kramer was saying BUY BUY BUY 2 days ago. Now the PPT will have to work overtime today.
Second, you just gotta wonder how much of these three reactions are going on in the WH:
1) Excellent!, everything is going to plan!;
2) Oh crap, how do we spin this?; and/or
3) (from the Keynesians) Why does this keep happening? We're doing everything right! We must need more government stimulus.
How he doesn’t sink into 30% approval with this s*** going on is beyond me.
But we got Bin Laaaaaden!
Even if he did, do you actually think you would those results in any of the popular, Left Wing polls?