Initial Jobless Claims: -43K to 440K vs. 468K consensus. Continuing claims -79K to 4,538,000.


Initial Jobless Claims: -43K to 440K vs. 468K consensus. Continuing claims -79K to 4,538,000.
Comments (20)
  • Baeck
    , contributor
    Comments (71) | Send Message
     
    Is this a northeast weather phenomenon?
    11 Feb 2010, 08:34 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2241) | Send Message
     
    Mid-atlantic to NE govt offices closed for day. Heck even DC hasn't had a homicide in 8 days due to the weather.

     

    But we'll take it as a positive.
    11 Feb 2010, 08:40 AM Reply Like
  • Ryu Mei Co
    , contributor
    Comments (222) | Send Message
     
    Great!! but still over 4mil more to reduce.....
    11 Feb 2010, 08:36 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    obama just announced 195,000 jobs a month for 2010.....that means a net loss of 220,000 a month...more or less....right....
    11 Feb 2010, 08:41 AM Reply Like
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    Know we are rocking....the 52 week moving average of non seasonally
    adjusted jobless claims is now 547,907...the high was November 7th
    at 576,928.....there is a .91 correlation to the unemployment rate.....
    11 Feb 2010, 08:44 AM Reply Like
  • user344210
    , contributor
    Comments (217) | Send Message
     
    "rocking" at over 500K claims? Man, you adjusted to "The New Normal", i.e. a permanently treading-water economy, quite quickly. If someone cuts off your legs and you learn to walk on prosthetics, would you call that "sprinting"?
    11 Feb 2010, 08:49 AM Reply Like
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    Spend $200 get Economagic and look at a chart of nonseasonally adjusted jobless claims and then you will
    understand....
    11 Feb 2010, 09:00 AM Reply Like
  • user344210
    , contributor
    Comments (217) | Send Message
     
    Probably the only thing that would allow me to "understand" the world as you do is a $200 bag of "the Chronic".
    11 Feb 2010, 09:08 AM Reply Like
  • Hyper
    , contributor
    Comments (60) | Send Message
     
    You spent $200 on a book . . . LOL
    11 Feb 2010, 09:11 AM Reply Like
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    NUMBERS>>>>...
    11 Feb 2010, 09:15 AM Reply Like
  • mannettino
    , contributor
    Comments (1060) | Send Message
     
    Disclosure: for some reason I'm in a particularly bad mood this morning.

     

    Ok, now that that's out of the way, what the HELL are you smoking BBRO? Or perhaps you're just a shill for that report you want people to pony up $200 for? Anyone can look at one set of #'s and spin them the way you do. How about looking at a series of related #'s over time for once? For starters, your beloved NSA MA has already troughed at about 4.8M back in November 09. At the same time (late November) the EUC #'s were at about 3.6M. Fast forward to the most recent few weeks of this year and NSA has crept back up in to the 5.6-5.7M range, while EUC has skyrocketed to 5.4M. Also, the gap between the SA and NSA INITIAL claims is growing again; went from -30 to -65 in the last 3 weeks. Not to mention the 1.1M on the discouraged list now vs. 808k back in November. How you or anyone else can say this is improvement is nothing more than proof that you're a cheerleader for the neo-socialist regime running our country right now.
    Next few weeks will be very telling; they have to resolve the gap between SA and NSA initials, and that can only mean bad news on the headlines front. Also, todays report showed a big drop off in the EUC #. Now, that may be good news or bad news. We will have to see what the Discouraged and Marginally Employed #'s look like in next months report. The prevailing trend tells me that it will not be good news. Bottom line, if EUC drops, but Discouraged/Marginals go up, AND the SA initials also go up, my 6 year old could figure out that the SA/NSA continuing #'s are going to go up soon AND these morons in Washington are going to continue to lie to us by trying to tell us things are getting better while not counting the growing #'s of Discouraged and Marginals......uggghhh... HATE it when leftist elites treat people like they're idiots..
    11 Feb 2010, 10:46 AM Reply Like
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    CHill....
    11 Feb 2010, 12:25 PM Reply Like
  • Ryu Mei Co
    , contributor
    Comments (222) | Send Message
     
    I am not sure about u, but all these good news (Greece and IJC) are making me thinking about the interest rate and the money withdraw from the financial........dont u think this is just making the market going lower. Yup, "Mission Accomplished", party is over, no more free money, .........
    11 Feb 2010, 08:46 AM Reply Like
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    if there is one problem i see in the numbers is all major states are
    experincing good declines in their 52 week M.A. of non seasonally
    adjusted numbers except one state....California....
    11 Feb 2010, 08:50 AM Reply Like
  • Ryu Mei Co
    , contributor
    Comments (222) | Send Message
     
    Dont forget, this is the longest jobless recovery ever in history. This is not a surprise that Jobless claim fell! What is most surprising is it was only so little and took so long.
    11 Feb 2010, 08:55 AM Reply Like
  • user344210
    , contributor
    Comments (217) | Send Message
     
    A graphic I'd like to see is the jobless claims as a percentage of employed persons series. With fewer employed people, that means fewer people to lay off to begin with, so even if the absolute numbers of claims drop, is it still dropping as a percentage of the overall employed. Yes, it has from the peak of the claims numbers, but I am not so sure that it has from more recent levels. We're just treading water on employment.
    11 Feb 2010, 09:18 AM Reply Like
  • mrdirt
    , contributor
    Comments (762) | Send Message
     
    Soon the BLS is will say that 4.5 million people on continuing claims
    are "discouraged" and then the administration will tell us we are at full employment. LOL.
    11 Feb 2010, 09:07 AM Reply Like
  • nightfly
    , contributor
    Comments (1015) | Send Message
     
    the simple fact about the prev 900K revision means that the BLS has no clue - continues to have no clue and those zealots like bbro who take the bait whole line and sinker are the most clueless of them all.
    11 Feb 2010, 11:33 AM Reply Like
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    Jobless claims is completly different from the household survey....

     

    do your homework first....
    11 Feb 2010, 02:02 PM Reply Like
  • Hyper
    , contributor
    Comments (60) | Send Message
     
    Obama in a statement today has reported, that though the claim numbers have dropped, the job situation is not expected to improve. According to Fox News.

     

    In other news, there's a used $200 book for sale.
    11 Feb 2010, 11:59 AM Reply Like
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