Initial Jobless Claims: -2K to 351K vs. +4K consensus. Continuing claims -2K to 3.4M.

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Terry330 Comments (836)
 
Another positive for President Obama, month after month in the right direction.
1 Mar 2012, 08:36 AM Reply Like

davidingeorgia Comments (2681)
 
Another regurgitated DNC talking point from Terry330, month after month, year after year, blah, blah, etc..
1 Mar 2012, 08:46 AM Reply Like

blueline Comments (795)
 
Terry, I think you meant to say month after month in the left direction. Socialism, Marxism, Crony Capitalism.
1 Mar 2012, 09:17 AM Reply Like

VictorHAustin Comments (477)
 
It's a pretty heartless person who would see a slight easing from these high levels as much to focus on. It's like we got the tool shed put out but the house is still burning down.

Quibbling over the direction when 20 feet underwater is what Big Brother governments do. We need to be moving to the surface, not flapping around drowning.
1 Mar 2012, 09:26 AM Reply Like

jwbrewer Comments (317)
 
VHA - Putting out the fire in the shed is the only thing that Obamabots and those who have been smoking Hopium have. Your are right, it is pitiful when someone celebrates 'only' 351,000 of their fellow amercians having to file for unemployment, and that is the adjusted number as the real number is exactly much higher. They, however, have some type of delusional psyche attached to Obama even though they have been hurt personally (high food/gas prices, lower standard of living) by his policies - kinda like Stockholm Syndrome.
1 Mar 2012, 09:40 AM Reply Like

kwm3 Comments (2037)
 
I want you to focus on the word "initial" in that number.... in Phila. there are 3.5 million people including the suburbs, so that's 10% of philadelphians filing "initially"--and that is mind blowing.
1 Mar 2012, 11:45 AM Reply Like

American in Paris Comments (4698)
 
Blueline,

So is Germany socialist? German government spending is a much higher percentage of GDP than in the States. Every German resident is covered by the tax financed health care systerm.

So Socialist Germany is running around the capitalist States ...

Hmm ...
1 Mar 2012, 01:06 PM Reply Like

Papaswamp Comments (2114)
 
Long term increased by 11,000....which surprised me since the govt has decreased the length of time from 99wks to 75wks.

The real key report today was the drop in real personal income. Sure people are finding some jobs, but they pay much less. The key again will be next Friday. If the participation rate and employment to population ratio continue to decline, then the claims data isn't showing the full picture. The long term decline in participation rate among HS educated and higher and long term rise in less than HS educated workforce participation should be worrying everyone.

Another aspect....Gallup's employment poll which tends to lead the BLS reports by ~4-6 weeks is showing a rise in the U-6 and U-3 (not seasonally adjusted) numbers. Whether that will play out next Friday we will see.
1 Mar 2012, 09:00 AM Reply Like

kwm3 Comments (2037)
 
a person's salary should equal the cost of replacement labor, whether you're CEO or mail room clerk...otherwise the employee is overpaid and company operates inefficiently. with so many unemployed people, wages should be down big time as unemployed replacement labor is willing to accept low wages... my company remains under 15% "voluntary" wage reduction.
1 Mar 2012, 11:56 AM Reply Like

jdub2788 Comments (5)
 
pink ponies and purple unicorns for everyone!
1 Mar 2012, 09:15 AM Reply Like

torahislife Comments (400)
 
Continued claims increased. Initial claims barely declined and will be revised upwards as usual. Send political monkies behind phoney numbers to the unemployment line.
1 Mar 2012, 09:27 AM Reply Like

kwm3 Comments (2037)
 
love the idea!:)
1 Mar 2012, 11:47 AM Reply Like

Bozerdog Comments (464)
 
27 straight months and counting of job market growth...
1 Mar 2012, 09:28 AM Reply Like

Papaswamp Comments (2114)
 
I agree, the number of jobs is increasing. The pay of those jobs isn't. Those being hired are lower skill and lower educated. This is seen clearly in the comparison of participation rate of those with HS, Associates and Bachelors or higher vs those with less than a HS diploma. There has been a 20 year trend of declining participation rate of those with an education vs a 20 yr rise in participation of those without. We are creating a laborforce of unskilled low to uneducated. This doesn't bode well for the future of the US...especially in the face of rising cost of necessities (fuel, healthcare and food).

Additionally, jobs simply aren't being created fast enough to meet population growth. 18-24 yr olds are looking at a near 50% unemployment rate....they aren't counted in the weekly numbers if they have never held a job, and only show up in the Not In Labor Force which has exploded past the 88 million mark.
1 Mar 2012, 01:09 PM Reply Like

jwbrewer Comments (317)
 
Give it up. He is an Obamabot which means he cannot undersatnd or reason past anything that is more than a cliche or that can fit on a bumper sticker.
1 Mar 2012, 02:03 PM Reply Like

THold Comments (2)
 
-2k to 351k. That's .005%. wow.
1 Mar 2012, 10:53 AM Reply Like

SA reader Comments (176)
 
Just wait until it's revised upwards yet again.
1 Mar 2012, 02:37 PM Reply Like