Skip to comments.Unemployment aid applications tick down to 400K
Posted on 08/04/2011 6:01:47 AM PDT by John W
WASHINGTON (AP) -- The number of people seeking unemployment benefits dipped last week, a sign the job market may be improving slowly.
The Labor Department says that applications for unemployment benefits edged down 1,000 to a seasonally adjusted 400,000. That's the lowest level in four months. The previous week's figure was revised upward from 398,000 to 401,000.
(Excerpt) Read more at hosted.ap.org ...
Forgot to specifically mention that first sentence. Farcical.
So, ‘improving slowly’ is measured by a .25% change in the numbers? If by slow, they meant as slow as a 90 year old bowel, then yes, the numbers are improving slowly.
Using the Labor Dept.’s math, the actual number will be revised upward to 405,000....
On the other hand, it could also mean that everyone has used up their unemployment benefits and are no longer elgible to receive unemployment checks.
Never mind these numbers, which will be “revised” next week. Last week CNBC was celebrating the first number in 17 weeks below 400,000. This week, that number was revised to 401,000, so there was nothing to celebrate after all.
Small businesses have fired everyone but their immediate family members, and we still manage to have over 400,000 new unemployment applications every week. This economy will not improve until The Worst President Ever leaves office.
This week will be revised upward also.
Such objectivity in that group, wow.
Does that mean that last week used to be the lowest but was revised upward so this week could be the lowest? I am so confused!
What a joke.
American Pravda doesnt understand basic statistics, or worse they do understand but they dont care and will print any lie as long as it makes Obama look good.
We are losing on average 425,000 jobs per week, now that doesnt mean we are losing exactly 425,000 every week, what that means is one week we might lose 400,000 while the next week we might lose 450,000 and the anything in between for the weeks after, but regardless of the up & downs of any individual weeks loss it will in the end average out to we are losing 425,000 per week. It called variability.
What America Pravda does is when the number is below average they will trumpet how what a wonderful recovery we are in and how the great Obama has saved us.
But for every below average week there will be an above average one, and when we have one of those, well according to the AP its just Unexpected or its because of the weather or because Easter came Early or other such nonsense.
If the numbers jump up again next week by 20,000 or so, by the liberal press’ assessment, it will be just a bump on the road. But, if that number again dips by a barely noticeable amount, then it will be great news for the “ongoing” recovery. The liberal press doesn’t even try to disguise their bias anymore.
They are so bad they can't even be bothered to put any effort into their propaganda.
How about the fact that we have a dramatically smaller labor force participation rate overall and we are still losing 400k a week!
As a matter of percentage, the fact that we are still losing 400k a week with a diminishing labor pool is DISASTROUS!
It’s all “smoke and mirrors.”
Ignorant people (the majority) look at these numbers and say “Obama has finally turned the corner on unemployment.”
They are blind to the fact that THESE ARE NEW FILINGS...not the number unemployed. That number is CATASTROPHIC!
Has anyone read a straight news story even hinting that Obama’s polices are the cause of this and have failed? They always list many other lame excuses and I have to assume they MIGHT mention policy if someone else was president.
This article written by some guy named rugaber. But the yahoo article was accredited to “staff”. I’m thinking it was written by the white house.
And Rugaber supposedly is an “AP Economics Writer”. Obviously the qualifications aren’t too demanding for that position.
I swear the O’bummer crowd is right out of “Brave New World”- manufactured wars- propaganda ministry-
scary stuff.- how about this for news...
Pelosi says “we will burn through that 2.4 trillion
debt limit in 18months”!! ALL the financial news
markets should have had a coronary- not even a peep.
no commentary, no questions.- everything is just fine.
Yup. Totally unexpected.
But every month there's something else. Something unexpected. Poor Obama, he just can't catch a break.
The 400K is initial claims. Continuing claims are steady at abnout 3.73 million. However, extended claims rose by more than 12K.
That means that next week, the revised numbers will not be down a 1000, more than likely up by 3000.
If you've been out of work since 2007, are you counted as a "continuing claim"?
I think a large number of people have totally dropped off the screen.
My favorite was from
"Saut says this soft patch was created by a very early Easter holiday observance, a rash of really bad weather, and the belated global repercussions of the Japanese earthquake and tsunami."
Easter in 2011 was on April 24th which is only one day short of the latest it can possibly be, but hey, no excuse is too big for Obama
Of course they have.
Even before the crash, the underground economy was large. Today it is hugh and series.
Our state unemployment numbers went down and are quite low but unfortunately, it isn’t because we have created jobs it is because we have lost employment age population.
You have to give them some slack because these things are always “unexpected”. How could they know? I mean just today the sun unexpectedly came up!
And the ADP monthly private hiring numbers have been steadily in the 125,000 range. There is no more government hiring, in fact state and local governments, who have to live within their means, are laying off workers. So net/net, we are losing jobs at a rate of 19 million jobs a year. At that rate, total employment will drop by 12.5% in 12 months.
The only thing which is keeping the unemployment percentage below 10% is the number of people who have given up looking for work.