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More on Jobless Claims: This week's large jump more than makes up for last week's curious...
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Thursday, October 18, 2012, 8:39 AM ETMore on Jobless Claims: This week's large jump more than makes up for last week's curious decline (naturally revised higher by 3K). This week's numbers include the Columbus Day holiday, so odd seasonal adjustment factors could be in play as well. The 4-week moving average rises a hair to 365.5K. Somebody nevertheless hits the sell button, S&P 500 futures -0.3%.
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Dropping at a faster pace than last quarter..
Were you able to figure out who the culprit was from last week?
Seems like it was in fact CA.
Thanks
Real Unemployment is CONSERVATIVELY around 12 % if same formula used when Obama took office was still in place.
Allowing all the Unemployed over 18 months, Underemployeds, etc to be removed from the calculation...... along with allowing Temporary employed to be counted in the numbers greatly underestimates the real CRISIS we have all across America.
Many counties now have something like 25 % of young adult healthy Americans unemployed.
And though the Big Brother Labor Dept tries to play the numbers down.... the real people out here feel the truth, no matter how much ya try to sugar coat the calculations.
and get this POTUS out of office.... Hasen't everyone seen too many massaged numbers yet. I have, and i have had it!!
I read somewhere that there are over 5,000 new regulations pending the President's signature. He is holding off until after the election before lowering the boom. Nearly every new regulation coming out of DC will increase the cost of doing business for US corporations. The executives are merely letting workers know that they can vote however they want but it the cost of business goes up, as they expect to happen if the Prez is re-elected, then labor costs will need to be reduced to offset the increases wherever possible. In some cases, it will become unprofitable to keep a plant operating if the costs of doing so under new regulations becomes too onerous, thus the plant will be closed. That is just how they see it all unfolding. The workers can vote however they want. The management is just letting them know what should be expected if the government keeps going in the same direction. There are some companies ready to fire everyone (and some that already have) simply to avoid the costs of Obamacare. Of course, they'll allow former employees to come back as contractors. But that is one of the realities that so many people are missing. Millions will lose their company healthcare benefits if that law is allowed to go into full effect. And it won't help the million employed by McDonald's or any other major employer that primarily employs part-time workers because those companies have already been granted exemptions. People will lose healthcare that they won't be able to afford to replace and will then be charged a tax penalty by the federal government for not having coverage. And I'm not making this up.
Our problems wont solve themselves and everyone needs to participate if we are to have a recovery.
Sorry but i disagree on one point. In the last DEPRESSION what was the unemployment rate? Wasn't 100%...Maybe closer to 25%? To me that is where we are right now without massaged numbers. I lost my job 2 years ago and i am in my 50's...People have no clue how hard it is to fiind full time jobs at this age. So i am stuck working part time where ever i can. I have a college degree which means nothing. No one wants to pay insurance right now.
Lucky i did own my own business for 20 years but i now have to touch money what was saved for retirement. Personally this is a depression for me. If it isn't hate to see what that would be..
But at least i bought my physical silver years ago, once this idiot started to print money. Once the manipulation is brought out into the open or more people take possession that is when the prices will soar.
Or, i might add when our fiat money dies. Now if he gets reelected boy is this country in trouble. Todays unemployment numbers should open peoples eyes..
If you're planning your retirement around the USD becoming worthless, you're going to have a bad time.
If your planning on having the same currency in 10 years and own no metals i think you might have the bad time...Of course we will have a currency, but at what value??
Don't need to hear we have a new dollar but your old one was valued at 50 cents....I understand the apprehension since this hasn't happened in most of our lifetimes. But my older friends who came from Poland, and other foreign countries have said this is dejavue to them..
GOOGLE STOCK HAULTED!!!
Shares dropped 10% already and they reported early as well...Down 69 bucks...The correction is starting imo....