Jobless Claims dives 19K to 284K


Initial Jobless Claims: -19K to 284K vs. 302K consensus, 303K prior (revised from 302K).

Continuing claims -8K to 2.50M.

Comments (17)
  • bbro
    , contributor
    Comments (11171) | Send Message
     
    Ahem....No recession on the horizon.....
    24 Jul 2014, 08:37 AM Reply Like
  • mrdirt
    , contributor
    Comments (762) | Send Message
     
    Who is left to layoff.
    24 Jul 2014, 09:17 AM Reply Like
  • bbro
    , contributor
    Comments (11171) | Send Message
     
    Currently...There are over 2.5 million quitting their job every month....
    24 Jul 2014, 12:25 PM Reply Like
  • OptionManiac
    , contributor
    Comments (3478) | Send Message
     
    Yes, the quit rate is a good positive indicator.
    24 Jul 2014, 12:44 PM Reply Like
  • mrdirt
    , contributor
    Comments (762) | Send Message
     
    Now the rest of the story. The number of people quitting their jobs rose 60,000 to 2.5 million, the highest level since June 2008. More quits indicate workers are confident about their job prospects...Quits and hiring remain below their pre-recession levels, evidence that the job market isn't yet back to full health...In the past year, job openings have increased nearly 20 percent. But total hiring has risen just 4 percent.

     

    Read more: http://bit.ly/1z8qmAw
    24 Jul 2014, 12:54 PM Reply Like
  • OptionManiac
    , contributor
    Comments (3478) | Send Message
     
    In the past year, job openings have increased nearly 20 percent. But total hiring has risen just 4 percent.

     

    Does this mean that most job openings go unfilled? Employers still looking for the red squirrel? (Potential employees that can do anything for next to nothing)
    24 Jul 2014, 01:07 PM Reply Like
  • mrdirt
    , contributor
    Comments (762) | Send Message
     
    Companies as you put it are looking for the Red Squirrel. From personal experience I have over 35 yrs in Cost Acctg. I have been contacted by 2 companies. The first company wanted experienced cost accountant, since I didn't experience in their ERP System I was unqualified, I asked them do you want an experienced Cost Acctg or someone just to download info from ERP system onto a excel spreadsheet and hand it in. Since the Company contacted me thru Career Builders my resume did not have their ERP listed under the software experience section of my resume. The Second Company, Everything was going great until they found out my age (by filling out EEO data) this happened after the 3rd interview after meeting with VP Finance
    . They told me they were putting job on hold. I went on Career Builders and Monster.com and lo and behold, the job was listed by 4 different agencies. Both Jobs are now over 60 days old on Monster and Career Builders.
    24 Jul 2014, 04:14 PM Reply Like
  • SivBum
    , contributor
    Comments (2664) | Send Message
     
    284K, typo in headline.
    24 Jul 2014, 08:41 AM Reply Like
  • 1880gh
    , contributor
    Comments (94) | Send Message
     
    What can of jobs 10 a hour mike
    24 Jul 2014, 08:52 AM Reply Like
  • TAS
    , contributor
    Comments (3508) | Send Message
     
    1880gh

     

    The use of ebonics to illustrate your point is noted.
    24 Jul 2014, 09:11 AM Reply Like
  • TAS
    , contributor
    Comments (3508) | Send Message
     
    How many have dropped off this stat and quit looking for work entirely?
    24 Jul 2014, 09:09 AM Reply Like
  • SivBum
    , contributor
    Comments (2664) | Send Message
     
    TAS,

     

    You need to distinguish new claims weekly data to unemployed or labor participation rate.
    24 Jul 2014, 01:38 PM Reply Like
  • OptionManiac
    , contributor
    Comments (3478) | Send Message
     
    How many have retired due to a record high in 401K accounts - those who stuck it out with the market and worked a few more years than planned may have become free men/women.
    24 Jul 2014, 09:46 AM Reply Like
  • Firebreech
    , contributor
    Comments (24) | Send Message
     
    How many liquidated their 401K accounts just to stay solvent while looking for work.
    24 Jul 2014, 11:04 AM Reply Like
  • OptionManiac
    , contributor
    Comments (3478) | Send Message
     
    True, but the number who stayed employed greatly outnumbered the unemployed. Pity those who still had a job but sold off at the lows and dared not step back in.
    24 Jul 2014, 12:47 PM Reply Like
  • Firebreech
    , contributor
    Comments (24) | Send Message
     
    That is true as well, but the jobs that have come back have not been of the same quality as before. The true measure of the health of the economy will come when interest rates are allowed to rise.
    24 Jul 2014, 04:53 PM Reply Like
  • Petrarch
    , contributor
    Comments (1105) | Send Message
     
    important data point
    continues a good series.
    4 week average is key
    economy is very healthy
    P
    24 Jul 2014, 11:33 AM Reply Like
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