Initial Jobless Claims: +8K to 362K vs. +4K consensus. Continuing claims +10K to 3.42M.


Initial Jobless Claims: +8K to 362K vs. +4K consensus. Continuing claims +10K to 3.42M.
Comments (25)
  • Stoploss
    , contributor
    Comments (1713) | Send Message
     
    And another 50K waiting for pink slips.
    8 Mar 2012, 08:33 AM Reply Like
  • alpharox
    , contributor
    Comments (380) | Send Message
     
    Funny how when this number goes down it's a good sign, but when it goes up it's "high frequency noise".
    8 Mar 2012, 08:36 AM Reply Like
  • American in Paris
    , contributor
    Comments (5495) | Send Message
     
    There has been no signficant rise. In fact, it is just the opposite. Claims have declined from the 400K level to the 350K over the last six months.

     

    Get some perspective for Christ's sake.
    8 Mar 2012, 12:15 PM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    Actually, it went to 340s now it is back to 362 (adjusted, unadjusted much, much higher) and 362 is probably, based on history, understated. That aside, 350,362 and raising, or whatever is cause for celebration because it is a tad below 400? Good Gaia, talk about setting a low,a very low bar.
    8 Mar 2012, 01:59 PM Reply Like
  • bbro
    , contributor
    Comments (10932) | Send Message
     
    52 week moving average of non seasonally adjusted initial jobless claims drops another 742 to 397,063.....no recession
    8 Mar 2012, 08:37 AM Reply Like
  • bbro
    , contributor
    Comments (10932) | Send Message
     
    It astounds me how many people don't understand the relationship of
    initial jobless claims to the business cycle....
    8 Mar 2012, 08:39 AM Reply Like
  • Stoploss
    , contributor
    Comments (1713) | Send Message
     
    Then you should be buying today. All is well eh bbroke?
    8 Mar 2012, 08:50 AM Reply Like
  • jjjorgen
    , contributor
    Comments (345) | Send Message
     
    Recession hit me 3 1/2 years ago. High paying management position, but lots of stress. Best thing that ever happened to me. Now running my own small business, with revenue doubling each year. I know that won't continue, but my life is 150% better without the stress.
    8 Mar 2012, 08:54 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    or to drop in productivity and increased unit labor costs when taking in consideration of companies first priority of protecting the bottom line and what are the easiest costs to contain. Happens when the cycle is entering in late stages of expansion and near the peak.
    8 Mar 2012, 08:56 AM Reply Like
  • bbro
    , contributor
    Comments (10932) | Send Message
     
    methinks you have preconcieved opinion and want the data to match it....stoploser
    8 Mar 2012, 09:00 AM Reply Like
  • Stoploss
    , contributor
    Comments (1713) | Send Message
     
    I dont give a shit about false data. And it's all false. You will learn.
    8 Mar 2012, 09:07 AM Reply Like
  • Econdoc
    , contributor
    Comments (2938) | Send Message
     
    consistent with accelerating expansion
    8 Mar 2012, 09:12 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    consistent with nearing the peak as well...this is very basic and you should know this.
    8 Mar 2012, 09:17 AM Reply Like
  • Econdoc
    , contributor
    Comments (2938) | Send Message
     
    why Bbro?

     

    most people are rabbits and challenged by fractions.
    most of the clowns around here freak that this is a negative number. some wonder when the Initial claims number will ever be positive! every week there is some "expert" who wonders out loud what will happen when there is nobody left to fire!

     

    don't understand the business cycle? are you kidding? most of these people believe that's a Harley Davidson product aimed at corporate execs. (fat cats in their parlance)

     

    thank God for the bell curve. I say. thank God.

     

    another good number

     

    E is for expansion,

     

    E
    8 Mar 2012, 09:19 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2236) | Send Message
     
    It's amazing how people continue to ignore the long term participation rate and employment to population ratio. A whopping 10 yr downward cycle?

     

    Or perhaps the change in participation rate of those with less than HS diploma (rising for 20 yrs) and those with HS diploma or higher (declining for 20 yrs.).

     

    Less than HS diploma:
    http://bit.ly/ypzAvs

     

    Bachelors of higher (trend is the same for HS and Associates):
    http://bit.ly/yQP7uw
    8 Mar 2012, 09:46 AM Reply Like
  • American in Paris
    , contributor
    Comments (5495) | Send Message
     
    I was buying last fall when you were selling. If you want to become a good investor, you need to shed the 2008/2009 investor shock syndrome. Look at earnings and look at the accelerating economic growth.
    8 Mar 2012, 12:15 PM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    They are changing to disability income....you can never get cut off on that program.....double digit increases in enrollment
    8 Mar 2012, 08:41 AM Reply Like
  • Stoploss
    , contributor
    Comments (1713) | Send Message
     
    Also student loan "income". Now you know why the spike in student loans.

     

    We have a pretty good local college where im at. The new scam is get the student loan, show up for a few weeks, then stop going.

     

    The govt doesn't even check to see if they are attending. But they keep them checks a coming regardless.
    8 Mar 2012, 08:54 AM Reply Like
  • jasonomer
    , contributor
    Comments (182) | Send Message
     
    You do realize that they have to pay that back right?
    Even through a Bankruptcy you keep Student Loan Debt.
    8 Mar 2012, 11:54 AM Reply Like
  • JambearSU
    , contributor
    Comments (3) | Send Message
     
    Stoploss , that is not a new scam, but it is a scam that is being put to an end. Please look into the changes coming for federal financial aid...
    8 Mar 2012, 02:18 PM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    This unemployment number is a new class of people..they will never "work"...the work they do is working they system for freebies..and there are thousands of programs they can sign up for....sorry...but these people do not have the skills for a job....nor do they want to learn a skill let alone show up 5 days a week for 8 hours....they got all the government programs down pat....
    8 Mar 2012, 09:59 AM Reply Like
  • mrdirt
    , contributor
    Comments (746) | Send Message
     
    Hard to say Im 63 couldnt find a job for 2 yrs(2009-2010) then I got a temp assignment for 18 months paying 22/hr when that ended I found a full time position paying 70k per yr. Now college grads different story most of them that are in finance cant get a job not even temps but they can get jobs as waiters/waitresses.
    8 Mar 2012, 08:07 PM Reply Like
  • bakkbakk
    , contributor
    Comments (280) | Send Message
     
    It can't be too hard to learn a skill and get a job. The amount of skilled or educated people that get jobs and are horrible at them, manage to get by just fine. This "new class" might as well be condemned as retarded, (5 steps lower than mentally handicapped.) I have a whole side of immediate family, aunt cousin and her 4 kids, all have been getting assistance since I was born. Now even the kids of the cousin, didnt graduate highschool, spends all day on his skateboard, doesnt, excuse me, never had a job, which his mom didnt either until 33 years old. HAD FALSE TEETH FROM METH AT 31 and never even had a license or job yet. What an accomplishment. Now she works part time at subway, gag me for letting her touch food, and she still gets 950 dollars a month in assistance. Theres something like 3 or 4 million jobs out there right now to be had but since it wasnt cool to go to school and be told to read I guess I will just inderectly pay for their mountain dew and skateboards thru my fucking paycheck.
    8 Mar 2012, 10:23 PM Reply Like
  • fluffheadsr
    , contributor
    Comments (5) | Send Message
     
    I heard a woman the other day on the elevator say, "Why i needa get a jawb when da guberment gonna pay me girrrrrrl" "Get my food stamp, get my unemployment, I aint lookin for nan job!"
    8 Mar 2012, 03:15 PM Reply Like
  • bakkbakk
    , contributor
    Comments (280) | Send Message
     
    Shoulda slapped her in her ear. (Its a small price to pay for free food if you ask me.)
    8 Mar 2012, 10:25 PM Reply Like
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