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Initial Jobless Claims: +6K to 402K vs. -3K consensus. Continuing claims +35K to 3.74M.

Initial Jobless Claims: +6K to 402K vs. -3K consensus. Continuing claims +35K to 3.74M.
Comments (13)
  • Papaswamp
    , contributor
    Comments (2198) | Send Message
     
    NSA all over the place bouncing like a super ball. Weekly dropped but total in all programs increased by +275,000 (lagging by a week). Bottom bouncing? Monthly will give a better idea…maybe.
    1 Dec 2011, 08:45 AM Reply Like
  • spinninglotus
    , contributor
    Comments (21) | Send Message
     
    Could they be the same group of people claiming jobless benefit while government still supports it as long as while they can before seeking jobs? Could it be counterproductive?
    1 Dec 2011, 09:00 AM Reply Like
  • spald_fr
    , contributor
    Comments (2734) | Send Message
     
    Could be 'unexpected' too. Seems there's a lot of that.
    1 Dec 2011, 01:39 PM Reply Like
  • Joe Morgan
    , contributor
    Comments (1500) | Send Message
     
    Overall the trend has been down in the jobless claims.
    1 Dec 2011, 09:07 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2198) | Send Message
     
    ….the overall trend has been down in jobs…for over a decade. Just look at the participation rate.
    http://bit.ly/pSpjQo

     

    The Not In Labor Force number has been climbing….this means fewer work age people working. The worry is we reach a point where the jobless claims are dropping not because people are finding jobs, but because there aren't enough jobs to be found.

     

    The key will be the next few months if the participation rate and employment to population ratio show continued growth. Unfortunately, we sit at 1984 levels.
    1 Dec 2011, 09:25 AM Reply Like
  • enigmaman
    , contributor
    Comments (2686) | Send Message
     
    the extremes are lessening because adjustments are decreasing with the range tightening the unevenness becomes negligible until finally we get confirmation the trend has changed. We are on the right track, our economy is improving, employers are becoming less fearful which coincidently could be attributed to the fact that the administration is just talking and not doing anything about creating jobs as Obama campaigns, now it seems thats a "change we all can believe in"
    1 Dec 2011, 09:18 AM Reply Like
  • buyitcheap
    , contributor
    Comments (1892) | Send Message
     
    These numbers are total shiite but for the methods in how the numbers are manipulated which is quite interesting, otherwise, they are completely irrelevant. Watch payroll and tax receipts. Follow the money.
    1 Dec 2011, 12:35 PM Reply Like
  • Joe Morgan
    , contributor
    Comments (1500) | Send Message
     
    Tax receipts are up both on the state and federal level. Payrolls have continued to show growth. Numbers don't lie. People do.....
    1 Dec 2011, 01:15 PM Reply Like
  • buyitcheap
    , contributor
    Comments (1892) | Send Message
     
    Right, hence my point to watch those rather than employment estimates. They are recovering, haven't quite made it over the the pre"crash" levels in 2008 from what I'm reading.

     

    But what if those people are lying about those numbers, aren't those numbers lying by proxy? :-)
    1 Dec 2011, 01:33 PM Reply Like
  • Papaswamp
    , contributor
    Comments (2198) | Send Message
     
    Have to wait until after end of year…remember over 47% either pay zero or get full refund. The Q3 debt to GDP ratio doesn't track with your claims.

     

    Q3 Debt increased $447 Bil….Q3 GDP increased $167 Bil.. That isn't positive.
    1 Dec 2011, 09:04 PM Reply Like
  • ebworthen
    , contributor
    Comments (2811) | Send Message
     
    When the % of the population on food stamps drops below 44% there might be a whiff of not being in a depression.

     

    We are simply churning people through minimum wage jobs, laying off career employees, ignoring labor laws and making people work 60-80 hours a week and paying them for 40.

     

    This country is an 89 year old cancer patient on life support but the hopium smokers see an 18 year old with a cold.
    1 Dec 2011, 12:36 PM Reply Like
  • torahislife
    , contributor
    Comments (400) | Send Message
     
    Right. 14% of US population is now on food stamps and the middle class joining the ranks increases daily.

     

    Not sure what it will take for the hopium addicts to come to grips with reality. Appears they're too self-absorbed to notice growing hardship around them.

     

    Hopium addicts care more about their next dollar than what is right and wrong.
    1 Dec 2011, 03:30 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3817) | Send Message
     
    I looked into getting food stamps, but we didn't qualify. I'd imagine a lot of people who don't really need them are receiving them. Probably people who "hide" their assets better than we hide our own.
    3 Dec 2011, 05:10 PM Reply Like
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