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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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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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To: John W

” A Labor Department economist said one large state didn’t report additional quarterly figures as expected, accounting for a substantial part of the decrease. “


51 posted on 10/11/2012 6:28:36 AM PDT by TigerClaws
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To: Democrat_media

No! It’s a Miracle! He is THE ONE! He prayed and jobs miracles were delivered!!!!

Oh and the Non seasonally adjusted jobless claims ROSE by 22,000.

http://confoundedinterest.wordpress.com/2012/10/11/its-a-miracle-initial-jobless-claims-rise-to-327k-nsa-but-magically-fall-to-339k-sa/


52 posted on 10/11/2012 6:28:40 AM PDT by whitedog57
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To: AFPhys

250 million adults over age 18 living in the US

133,500,000 jobs in the US in September 2012

53% = lowest ever number of adults working in jobs as % of population


53 posted on 10/11/2012 6:31:09 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

Maybe the turnaround is due to Mitt Romney’s surge in the polls.

But 339,000 is nothing to brag about....it only looks good in comparison to Obamugabe’s normal crappy numbers.


54 posted on 10/11/2012 6:31:47 AM PDT by SoFloFreeper
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To: SoFloFreeper

And they “accidentally” left out a large state, just in time to help Obama win the election. the media will report this every minute to every American.

Had enough yet?

We need civil war 2.


55 posted on 10/11/2012 6:33:46 AM PDT by Democrat_media (limit government to 5000 words of laws. how to limit gov Quantify limited government ..,)
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To: TomGuy

Heard the same and it is SHOCKING to me that they released the report. Absolutely unbelievable.


56 posted on 10/11/2012 6:34:55 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: whitedog57

They “accidentally” left out a large state, just in time to help Obama win the election. the media will report these bogus numbers every minute to every American


57 posted on 10/11/2012 6:35:51 AM PDT by Democrat_media (limit government to 5000 words of laws. how to limit gov Quantify limited government ..,)
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To: littleharbour
This will all be corrected on Thursday, November 8th. The bureaucrats will express shock that their numbers could have been so wrong.

You, Rush and many others have predicted this.

Hopefully, the scales are falling off the koolaid washed masses eyes, and they're seeing these numbers for what they really are...LIES!

58 posted on 10/11/2012 6:35:51 AM PDT by Jane Long (Soli Deo Gloria!)
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To: jjsheridan5

I wonder if that was OHIO?........


59 posted on 10/11/2012 6:35:51 AM PDT by Red Badger (Is it just me, or is Hillary! starting to look like Benjamin Franklin?.................)
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To: RobertClark
So, we can assume that it is a LARGE democrat controlled state: CA, OH, PA, NY, or IL.

Here in PA our Governor is Republican, and the GOP controls both houses of the State Legislature.


60 posted on 10/11/2012 6:36:56 AM PDT by Buckeye McFrog
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