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Jobless claims drop sharply in latest week
marketwatch.com ^ | October 11, 2012 | Greg Robb

Posted on 10/11/2012 5:53:50 AM PDT by John W

WASHINGTON (MarketWatch) -- First-time claims for state unemployment benefits fell sharply in the latest week to their lowest level since February 2008, the Labor Department reported Thursday. The number of initial claims in the week ending Oct. 6 fell 30,000 to 339,000. The decline was unexpected.

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


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: jobless; unemployment; unexpected
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1 posted on 10/11/2012 5:53:55 AM PDT by John W
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To: John W

It’s absolutely amazing how everything is turning around for obama just in the nick of time. These numbers have consistently been between 350,000 and 400,000 since he took office.


2 posted on 10/11/2012 5:55:46 AM PDT by jersey117
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To: John W

Another source indicates this week’s data: “...may reflect difficulty adjusting the data for seasonal swings at the start of a new quarter.”


3 posted on 10/11/2012 5:55:53 AM PDT by John W (Viva Cristo Rey!)
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To: John W
They faked the unemployment numbers, now more fraud.
4 posted on 10/11/2012 5:56:06 AM PDT by Democrat_media (limit government to 5000 words of laws. Quantify limited government)
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To: John W

sharply? LOL.

339,000 will be revised up, like it always is.


5 posted on 10/11/2012 5:56:12 AM PDT by Principled (Vote Romney to stop Obama. Vote for conservative Reps and Senators to stop Romney. [ZET 7/30/12])
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To: jersey117
Yeah amazing isn't it?

The government and media want us to believe that Obama has fixed the economy. We on freerepublic at least see the fraud this Obama marxist POS and the media are perpetrating.

6 posted on 10/11/2012 5:58:15 AM PDT by Democrat_media (limit government to 5000 words of laws. Quantify limited government)
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To: jersey117

Just like fund raising... He was sucking wind and then, magically, he sets a record.


7 posted on 10/11/2012 5:58:37 AM PDT by paul544
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To: John W
Even liberal Steve Liesman, CNBC’s resident Obama apologist, was flabbergasted.
8 posted on 10/11/2012 5:59:34 AM PDT by Roccus
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To: John W

They will fall even further when they report this week next Thursday because it is a 4 day week (Columbus Day). Then they will have 2 more to report before the phoney Labor Dept. numbers on Nov. 2nd.


9 posted on 10/11/2012 5:59:45 AM PDT by Old Retired Army Guy
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To: Democrat_media

According to the labor dept. one large state didn’t report some quarterly figures.


10 posted on 10/11/2012 5:59:54 AM PDT by jjsheridan5
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To: Principled

This will all be corrected on Thursday, November 8th. The bureaucrats will express shock that their numbers could have been so wrong.


11 posted on 10/11/2012 6:00:01 AM PDT by littleharbour
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To: John W

That’s crazy. This is totally expected. All kinds of retailers were announcing a need for part-time seasonal help the last few weeks. Target was saying it’s hiring 3 times the normal numbers.

It’s a bunch of part-time seasonal hires, imho.


12 posted on 10/11/2012 6:00:22 AM PDT by xzins (Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
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To: John W

“Falling sharply” in my book means a drop of 100,000. At least now a drop is “unexpected.”


13 posted on 10/11/2012 6:00:26 AM PDT by Huskrrrr
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To: John W

Everything is magically seasonally adjusted until after the election. We need a 2nd civil war. I’m tired of these government idiots and the media.


14 posted on 10/11/2012 6:00:54 AM PDT by Democrat_media (limit government to 5000 words of laws. how to limit gov Quantify limited government ..,)
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To: John W

http://www.freerepublic.com/focus/f-news/2943213/posts


15 posted on 10/11/2012 6:01:12 AM PDT by Perdogg (Vote like the US Constitution depends on it - it does!!)
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To: jersey117

Surprise surprise surprise

LOL

I was expecting this when I discovered earlier today that these figures were going to be released.

Brings up to my mind, “Have you no shame, sir?”


16 posted on 10/11/2012 6:03:02 AM PDT by AFPhys ((Praying for our troops, our citizens, that the Bible and Freedom become basis of the US law again))
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To: John W

We are in a depression with lowest workforce participation ever, homelessness exploding, incomes falling etc: Ryan and Romney need to hammer them with this fact that the percentage of adults working is the lowest ever in history.

These numbers reported by the government are a joke, fraud to be seasonally adjusted after the election.


17 posted on 10/11/2012 6:04:12 AM PDT by Democrat_media (limit government to 5000 words of laws. how to limit gov Quantify limited government ..,)
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To: John W

Just 2 more Thursday manipulations.

I am betting they can get the number just under 300,000 the Thursday before the election.

After the election it won’t matter whether they have to revise UP by 100,000.

If Romney wins, he inherits the worst economy in US history.

If Obama wins, he will continue welding his ‘fundamental change’ into America.


18 posted on 10/11/2012 6:05:30 AM PDT by TomGuy
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To: John W

Unexpected! *drink*

The news that the numbers were “revised upward” in a few days will be lost, of course ...


19 posted on 10/11/2012 6:07:05 AM PDT by Tax-chick (Una bruja.)
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To: John W

From the Dept of We Made It UP.


20 posted on 10/11/2012 6:07:09 AM PDT by bmwcyle (Corollary - Electing the same person over and over and expecting a different outcome is insanity)
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To: John W

Last week when the UE rate dropped under 8%, a caller to KLBJ in Austin had an excellent idea. Check the IRS records and see if there are more people contributing to verify the numbers.


21 posted on 10/11/2012 6:07:22 AM PDT by Arrowhead1952 ("It's better to vote for a Republican you don't know than wind up with a dim you don't like".)
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To: John W

Everything is fine now 3 weeks before the election, nothing to see here move along!


22 posted on 10/11/2012 6:07:33 AM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: John W
Many major companies are increasing their part-time to full-time hires.

1 job = 2 less unemployed.

Companies are doing this to circumnavigate the new and coming Obamacare taxes and regulations
23 posted on 10/11/2012 6:08:39 AM PDT by John 3_19-21 (Desperation leads to curious events)
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To: John W

No one will buy it. Not one person.


24 posted on 10/11/2012 6:08:50 AM PDT by Lazamataz (WAAAAAAAAAHHHhhhhh.....)
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To: John W
About a year and a half ago, I said Obama would massage the economic picture just prior to the Election, and the Unemployment (and other economic numbers) would be published to make him look like he's "leading" in recovering the jobs and economy picture.

I thought we'd see 5% un-employmnent for the Election published, but it's close now, with sudden drop to under 8%.

How ANYONE with more than 2 active brain cells would think these numbers were for ANY REASON other than to make The Messiah look good, is beyond common sense.

25 posted on 10/11/2012 6:10:42 AM PDT by traditional1 (Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: John W

It was the seasonally adjusted number that dropped by 30000. The not seasonally adjusted number went up by 26,000. Why? Last year, there was a massive spike in claims caused by the massive layoffs of government employees at the start of the new fiscal year. This was an one time occurrence and should not be adjusted for. But the Labor economists are either totally incompetent or decided to look the other way.


26 posted on 10/11/2012 6:10:48 AM PDT by Raster Man
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To: John W

I read headline on wall street journal that a big state was not included.. I tried to go to link but couldn’t find article.. Also, monday was a holiday which will affect numbers.


27 posted on 10/11/2012 6:11:35 AM PDT by scbison
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To: jjsheridan5

Yeah leave out a state , etc. then the media will make sure every American hears these bogus numbers every minute until the election.

Now after some idiots believe these fake numbers , Obama will win the election and Obama will issue an executive order for all to line up to get your tracking chip implanted in your neck which will show 0 unemployment. How much more will we take?

Obamacare is government limiting our freedom of choice and is socialism taking over our healthcare..

Government is too big already, this expansion of government , this takeover of healthcare is tyranny.

Government is the problem and it has grown at all levels every single year, every month for the last 100 years.

They are tracking our kids in schools with smart IDs, Moochel is telling kids what they can eat, Bloomberg banned big sodas in New York, Obama took over our healthcare, They banned 100 watt light-bulbs , they tell us that we have to discriminate to hire people (affirmative action), soon cars will have to be 27 mpg , etc. This crap has to stop.

I started to write a first draft on how to finally limit government for the first time ever. something has to be done as the problem is government. It’s in personal page here.


28 posted on 10/11/2012 6:11:40 AM PDT by Democrat_media (limit government to 5000 words of laws. how to limit gov Quantify limited government ..,)
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To: Perdogg
Ironically, not even the Labor Department is defending it: it said that "one large state didn't report some quarterly figures.

http://www.freerepublic.com/focus/f-news/2943213/posts


Thanks for the link.

Hmm ... no fancy statistical tool to guestimate the number?
29 posted on 10/11/2012 6:12:18 AM PDT by khelus
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To: John W

Unless you count the people that have given up on finding employment in the jobless numbers I’m afraid the numbers don’t mean spit.


30 posted on 10/11/2012 6:12:59 AM PDT by V_TWIN (obama=where there's smoke, there's mirrors)
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To: John W

How many thousands were added to the SSA Disability rolls in the same time frame?


31 posted on 10/11/2012 6:13:37 AM PDT by Thom Pain (U.S. Constitution is a CONTRACT!)
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To: John W
First time claims are down when 100% of the workforce is un-employed, too.

Why is the Food Stamp recipients number constantly moving up, when un-employment is supposedly going down?

How many Americans are out of work, ran out of un-Employment eligibility time (99 weeks), and yet, there's all these "jobs" being created?

ROFLMAO

32 posted on 10/11/2012 6:13:55 AM PDT by traditional1 (Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: John W
BREAKING NEWS:

Stuart Varney on FoxNews is saying that THIS REPORT IS INCOMPLETE.

One ‘large’ state is NOT included in the data.

That ‘large’ state is unnamed in the report.

33 posted on 10/11/2012 6:14:55 AM PDT by TomGuy
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To: John W

What state didn’t report? Something stinks.


34 posted on 10/11/2012 6:14:57 AM PDT by rockabyebaby (We are sooooooooooooooooooooooooooooooooo screwed!)
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To: John W
Fraud, plain and simple. But some things never change:

Claims in the previous week were revised to an increase of 6,000 to 369,000 compared with the initial estimate of a gain of 4,000 to 367,000.

35 posted on 10/11/2012 6:15:49 AM PDT by mykroar (October race/religious riots bring November martial law. Voting postponed for your safety.)
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To: TomGuy
"Stuart Varney on FoxNews is saying that THIS REPORT IS INCOMPLETE."

I heard the same thing. Seems there is one state (un-named) that hasnt turned in a report.

36 posted on 10/11/2012 6:17:14 AM PDT by texanyankee
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To: rockabyebaby

Probably NY or CA. One of the libbies could affect numbers this dramatically.


37 posted on 10/11/2012 6:18:06 AM PDT by mykroar (October race/religious riots bring November martial law. Voting postponed for your safety.)
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To: John W

Due to a 100% failure of the media to do their job we are living in a world with virtually unlimited information which is virtually useless.

Truth and lies are applied to the same facts. One can only conclude that the facts are not in fact, facts.

Nobody in government service should be allowed to stay in their jobs if this is the best we can do.

Such manipulation of facts would get you fired (or indicted) in a heartbeat in the private sector.

Being mostly communists, I know nothing from the dems can be trusted and knowing the GOP has become infested with the progressive cancer that assimilated the dems, I don’t trust much of what they tell me.

If a company which sells soup can be fined for false advertising then we should be able to impose whopping fines on anyone manipulating the numbers in government as some real permanent damage can and is being done.

To shrug this off and not demand from all our representatives, legislation to restore the term FACT to government, means the end of the experiment in a Representative Republic.


38 posted on 10/11/2012 6:18:12 AM PDT by Wurlitzer (Nothing says "ignorance" like Islam!)
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To: jersey117

The number is incomplete in that it omits the results from a “large state”. I’m sure that will be included in the reporting./s


39 posted on 10/11/2012 6:19:13 AM PDT by Brooklyn Attitude (We won't stand for biased umps fixing a ball game but we allow a biased media to fix elections.)
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To: John W

Varney just reported that one state’s data is missing from the report. And there is no indication which state that is. Once again - the initial release is flawed but reported loudly and the correction will come quietly later when nobody is listening. Fraud.


40 posted on 10/11/2012 6:19:13 AM PDT by Ol' Sox
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To: scbison
Also, monday was a holiday which will affect numbers. Holiday was this week,(ending 10/13) numbers are for LAST week (ending 10/6)
41 posted on 10/11/2012 6:19:27 AM PDT by Roccus
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To: texanyankee

Let me guess...Illinois?


42 posted on 10/11/2012 6:19:40 AM PDT by ilgipper
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To: John W

WOW! What a coincidence! Just in the nick of time, too! Man that Obozo sure is lucky! And it was all UNEXPECTED, TOO!...............


43 posted on 10/11/2012 6:20:20 AM PDT by Red Badger (Is it just me, or is Hillary! starting to look like Benjamin Franklin?.................)
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To: AFPhys

Them? No........


44 posted on 10/11/2012 6:21:11 AM PDT by Red Badger (Is it just me, or is Hillary! starting to look like Benjamin Franklin?.................)
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To: John W

I heard on the FOX radio too of the hour break report that a large state didn’t submit unemployment numbers for last month. This is the first I’ve heard of this?


45 posted on 10/11/2012 6:21:51 AM PDT by stuck_in_new_orleans
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To: jjsheridan5
According to the labor dept. one large state didn’t report some quarterly figures.

That is the story behind the number that isn't making headlines. So, we can assume that it is a LARGE democrat controlled state: CA, OH, PA, NY, or IL. These numbers are so absurd that the Labor dept. is not even trying to defend them. CNBS even called BS. Yet, don't look behind the curtain - many sheep are buying into how well the economy is doing. That is, unless you run a business or work in the real world.

46 posted on 10/11/2012 6:23:45 AM PDT by RobertClark (Be prepared, be polite, be professional and have a plan to kill everyone you meet.)
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To: Democrat_media

We do NOT have the “lowest workforce participation ever” though it is the lowest for a couple decades.

It MAY be accurate to say that we are now experiencing the lowest participation rate among adult men, but I don’t have time to go check that at www.bls.gov now.


47 posted on 10/11/2012 6:24:08 AM PDT by AFPhys ((Praying for our troops, our citizens, that the Bible and Freedom become basis of the US law again))
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To: John W
Douglas Kass Douglas Kass ‏@DougKass "Labor Dept said one large state didnt report additional quarterly figures as expected, accounting for a substantial part of the decrease."
48 posted on 10/11/2012 6:27:05 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: AFPhys

You are using the government as your source.

Fact is as a percentage of adults lowest % have jobs in history (not by the gov definition and the gov numbers). And if you leave out those in government jobs , it’s even less, and then take away those that “work” for non-profits, and what is the % then , those that are in real jobs, then take away government contractors, and It’s the lowest ever ,


49 posted on 10/11/2012 6:27:39 AM PDT by Democrat_media (limit government to 5000 words of laws. how to limit gov Quantify limited government ..,)
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To: jjsheridan5

Heard that too. Why isn’t FOX or CNBC reporting this?


50 posted on 10/11/2012 6:28:18 AM PDT by stuck_in_new_orleans
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