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Jobless claims at 326K

  • Initial Jobless Claims: +28K to 326K vs. 310K consensus, 298K prior (revised) (297K prior).
  • Continuing claims -13K to 2.65M.
Comments (17)
  • permanent
    , contributor
    Comments (115) | Send Message
     
    It is not so important to follow the weekly claims number. More interesting is the structure of Job creation and that is pretty poor. 70 % of Jobs are in the non professional Services and that is the area were People Need hardly any skills.

     

    A healty market envirement would create jobs at salary levels that would allow people to live on.
    22 May, 08:41 AM Reply Like
  • mrdirt
    , contributor
    Comments (417) | Send Message
     
    The Jobless Recovery continues.
    22 May, 08:49 AM Reply Like
  • Roadstar Biker
    , contributor
    Comments (66) | Send Message
     
    How many skilled job openings go unfilled because those looking for work lack the necessary skills? Maybe putting sports before math and science isn't such a good idea.
    22 May, 08:54 AM Reply Like
  • mrdirt
    , contributor
    Comments (417) | Send Message
     
    Lack of Skills is a broad term. Lack of Skills could be a person doesn't have experience in a ERP system, or foreign language, or an excuse not to hire anyone. Example, I have experience in 5 different ERP systems, but the company I applied to wanted the one I didn't have, so am I lacking Skills? What even irked me more was the HR Person who did the phone interview did not read my resume, because I didn't have their ERP listed and he said it was mandatory, but the job description published on Career Builders said "preferred not necessary".
    22 May, 09:19 AM Reply Like
  • capitolp
    , contributor
    Comments (542) | Send Message
     
    @mrdirt, I have a position open for grass mower I was really looking for someone with 6 different ERP's experience for the riding mowing position, I'm sorry but I think you are under qualified. But you could apply for the part time leaf blower job, if you have a biology major and ten years teaching experience. I feel your pain and good luck, it's tough out there.
    22 May, 12:51 PM Reply Like
  • bbro
    , contributor
    Comments (9326) | Send Message
     
    And no recession is in sight....
    22 May, 09:17 AM Reply Like
  • mrdirt
    , contributor
    Comments (417) | Send Message
     
    No Recovery either
    22 May, 09:42 AM Reply Like
  • bbro
    , contributor
    Comments (9326) | Send Message
     
    SPY up 210% since March 9,2009...MDY up 256% since March 9 2009...
    (Dividends reinvested)....Nice "No Recovery"

     

    P.S. GDP per employee in 4th qtr 2007 100,000 per employee...today
    118,000 per employee...
    22 May, 09:47 AM Reply Like
  • mrdirt
    , contributor
    Comments (417) | Send Message
     
    Maybe there are fewer "employees" or more part time/temp employees.
    22 May, 09:56 AM Reply Like
  • bbro
    , contributor
    Comments (9326) | Send Message
     
    http://bit.ly/1toCwm2

     

    http://bit.ly/1toCE4U
    22 May, 10:10 AM Reply Like
  • baultar
    , contributor
    Comments (5) | Send Message
     
    The SPY does not represent the economy. Yes the top 1%-5% getting all the gains means a real recovery. bbro obviously just cares about himself and not his fellow man because only people with the money to invest in the market have made that recovery you speak of everyone else has been struggling but keep acting like everyone is prosperous
    22 May, 11:10 AM Reply Like
  • bbro
    , contributor
    Comments (9326) | Send Message
     
    I have never been called a fascist before...interesting..... before the election
    I was called an Obama lover...good to see I am covering all bases....

     

    By the way...

     

    http://bit.ly/1toROHk
    22 May, 11:17 AM Reply Like
  • WMARKW
    , contributor
    Comments (10252) | Send Message
     
    Productivity can go up, GDP can improve, wages can be stagnant and labor force participation can go down. So yes, you may have small amount of growth, but it doesn't make a robust economy. And stock market performance is not the economy.
    22 May, 06:30 PM Reply Like
  • SivBum
    , contributor
    Comments (1579) | Send Message
     
    To put the weekly jobless claim data in context, suggest to plot a graph of weekly jobless claim against UE rate over time.
    22 May, 09:34 AM Reply Like
  • Anth82
    , contributor
    Comments (3) | Send Message
     
    Agreed and continuing claims is useful but not in a good way. It should decline b/c they stopped unemployment extended benefits. It could real ugly if that number went up with a good deal of people getting cut from unemployment everyday with no way to re apply
    22 May, 10:43 AM Reply Like
  • WMARKW
    , contributor
    Comments (10252) | Send Message
     
    I contend jobless claims have reached asymptote low. They will hover here in perpetuity so long as GDP growth is 1-2%. So what you see next week will not be significantly different than what you see this week.
    22 May, 06:33 PM Reply Like
  • KJP712
    , contributor
    Comments (437) | Send Message
     
    In the past May was a big hiring month.Weather has been good so cross that excuse off the list.
    22 May, 11:03 AM Reply Like
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