Initial Jobless Claims: 361K vs. 367K consensus, 367K prior revised (prior week 365K)....


Initial Jobless Claims: 361K vs. 367K consensus, 367K prior revised (prior week 365K). Continuing claims +53K at 3.27M.
Comments (25)
  • bbro
    , contributor
    Comments (11195) | Send Message
     
    Good numbers,,,actually seeing improving downward momentum in
    some shorter indicators I follow....
    9 Aug 2012, 08:36 AM Reply Like
  • drrobcornell
    , contributor
    Comments (15) | Send Message
     
    Good or less bad? C'mon man! How much failure can you stomach, spin or ignore b/f you believe a real change is needed?
    9 Aug 2012, 10:46 AM Reply Like
  • bbro
    , contributor
    Comments (11195) | Send Message
     
    Uh oh an angry urologist,,,
    9 Aug 2012, 04:00 PM Reply Like
  • Papaswamp
    , contributor
    Comments (2241) | Send Message
     
    How many years of +300,000 is it?
    Job growth only in the part time sector.
    Here is the key...
    Full time:
    http://bit.ly/QIzTcK
    Vs part time for economic reasons:
    http://bit.ly/NpH0m3

     

    Nation of stagnation....
    9 Aug 2012, 08:36 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    I would say stagnation also.....and a slow downward trend to lower paying partime jobs....
    9 Aug 2012, 08:42 AM Reply Like
  • bbro
    , contributor
    Comments (11195) | Send Message
     
    Papa look at the Gallup poll which is done every day for full employed,,,new high..(I know the data only starts from Jan 2010)...
    also a recession starts when the year over year change in part time
    for economic reasons goes positive ( actually you need a 3 month
    smoothing factor to factor out noise).. we are currently negative

     

    http://bit.ly/NpJ0KU
    9 Aug 2012, 08:45 AM Reply Like
  • mickmars
    , contributor
    Comments (1312) | Send Message
     
    % of civilian population employed is still stuck at 58.4%.

     

    No recession. No recovery.
    9 Aug 2012, 08:54 AM Reply Like
  • Econdoc
    , contributor
    Comments (2938) | Send Message
     
    another attractive number

     

    E
    9 Aug 2012, 08:52 AM Reply Like
  • anonymous#12
    , contributor
    Comments (545) | Send Message
     
    Another collapse in claims. There is a well stablished trend of lower highs and lower lows. The US economy continues to recover.

     

    Inflation is going lower globally, China inflation below 2% already. A 30 month low. Bodes well for US consumers as import prices grow at a lower pace.
    9 Aug 2012, 09:01 AM Reply Like
  • schatzl
    , contributor
    Comments (391) | Send Message
     
    umm not really,

     

    Inflation in export countries in comparison to importing country is by and large reflected in the exchange rate. Relatively lower inflation rate is usually reflected in currency appreciation, which means for importing nations that their imports become more expensive. The $ is bucking the trend due to reserve currency and safe haven status in times where competing currencies such as € and £ are feeling the pressure. This however may make imports cheaper, but it puts more pressure on US manufacturers and US jobs. Currency strength has very ambiguous effects.
    9 Aug 2012, 09:38 AM Reply Like
  • mjkern2011
    , contributor
    Comments (41) | Send Message
     
    Tell me we are not getting excited about numbers that just don't suck as bad as we thought they would. They are still crappy numbers, this is still a crappy economy, we still have a crappy stock market to try and make money in (i.e. it is stuck in the sand) and it can fall at any time hard. When are we going to say enough is enough?
    9 Aug 2012, 09:24 AM Reply Like
  • jamesb_2A3
    , contributor
    Comments (244) | Send Message
     
    You are correct, getting excited over a number that is still very bad just because it was not quite as bad as a prior bad number, is akin to putting your head in the sand.
    9 Aug 2012, 11:24 AM Reply Like
  • 867046
    , contributor
    Comments (380) | Send Message
     
    I don't know how the doomsday crowd reconciles their outlook with projected world GDP growth of around +2% - +3%. Even if the US economy flatlines the rest of the year, it's still doing it's job. 2013 GDP is already projected to be higher.
    9 Aug 2012, 09:48 AM Reply Like
  • anonymous#12
    , contributor
    Comments (545) | Send Message
     
    867046, remember these are the same guys that believe Jesus rode dinosaurs.

     

    Do the US recovery should be faster? Yes, we should be doing more, the unemployment is still too high. We need more stimulus spending, we need to invest in our decaying structures.
    9 Aug 2012, 10:06 AM Reply Like
  • StockTrader7
    , contributor
    Comments (22) | Send Message
     
    That's the ticket Anon#12. Let us build more highways, parkways, bridges, and a power grid while we're at it. Surely we can pave our way out of misery.
    The time to improve infrastructure was when times were good. Now the politicians will use it as a tool in bad economic times to dangle the carrot of job creation.
    Don't know if it will resonate or not, as nobody has faith in government except the ones sitting in free housing, watching a flat screen HDTV, getting EBT, SSI, and bonus-baby checks on the 3rd of each month. Funny how those individuals never attempt to get a job but freely complain about nearly everything that is wrong with their predicament.
    9 Aug 2012, 01:08 PM Reply Like
  • CaladesiKid2
    , contributor
    Comments (278) | Send Message
     
    More stimulus spending, more government indebtedness, sustained unemployment, declining standard of living..... Personally, I do not understand how this is an improving economic picture. Yet a number of you seem to think this is good news. Perhaps I learned economics from a different perspective. Perhaps my expectations are too high.
    9 Aug 2012, 11:48 AM Reply Like
  • halconnoche
    , contributor
    Comments (68) | Send Message
     
    867046 This time last year the projected 2012 GDP was 3.5 - 4%. Revised down to 2.5 -3.25%. Not sure about doomsday but the US is not doing its job.
    9 Aug 2012, 12:07 PM Reply Like
  • 867046
    , contributor
    Comments (380) | Send Message
     
    Cal and Hal,

     

    My perception of the reality is this:

     

    1) Since we are so consumer driven and have appeared at least in the US to have bottomed out, it's going to take awhile for the public to get into "rally" mode.

     

    2) In terms of government indebtedness and things of that ilk:

     

    a) Right now the government is no different than corporations that are robbing the debt markets by getting long term bonds at ridiculously low long term rates. I'm not a finance guy, but I view the popular nature of these long term instruments as the equivalent of a stock holder selling covered puts on a holding at a multi-year bottom. In other words, spend when money is cheap and save when money is expensive.
    b) The argument against government debt would be credible if the market valued long term treasuries at 4% - 5%. Conversely, once LT treasuries get to that point, I would definitely be on the "lets balance our budget bandwagon".
    c) In terms of the lower standard of living argument, in a merchantilist world where everyone deflates their currency to keep their exports competitive we have to do the same. Even Switzerland tries to keep it's currency low.

     

    Unbelievably, I'm trying to figure out an entry point for SAN which I think would be when Greece leaves the EU.
    9 Aug 2012, 08:07 PM Reply Like
  • themayor
    , contributor
    Comments (51) | Send Message
     
    Quess I don't get it. More people becoming jobless than people being hired. This is good?
    9 Aug 2012, 12:23 PM Reply Like
  • mjkern2011
    , contributor
    Comments (41) | Send Message
     
    You are right, more people are loosing their job, but somehow jobs are being added. We have folks that are having trouble with basic math and lots of zombies that seem to gravitate towards those lacking in math skills in that they drool in approval that we are 'adding jobs' somehow when we loose more jobs EVERY month then we gain since 2007. The rate is not really the rate. You don't get counted as unemployed if you stop looking for work. The rate is REALLY more like 16% unemployed or under employed - yet the zombies pretend that is ok or doesn't exist. We get dismal growth numbers and people spout that the economy is heading in the right direction (and sometimes will be honest and say, but not as good as we would like). It is NOT going in the right direction. We have printed paper without backing and shot all the QE and rate decreases we could to prop up crappy numbers and spent money in stimulus to increase debt to GDP. We have no other pretend or band aides left. If it keeps going down, it is going to hit HARD cuz we ran out of any tricks to make the numbers look like they are actually moving up. The stock market goes up because folks think there will be more QE, WHAT? California is sinking, I know cuz my feet are getting wet....
    9 Aug 2012, 06:25 PM Reply Like
  • surfnspy
    , contributor
    Comments (406) | Send Message
     
    I appreciate the "glass half full" attitude by some here but, are these numbers really a "slide?"
    9 Aug 2012, 12:50 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    The growth in SS disability rolls...nearly 6% of working age are receiving some form of disability benefit, either SSDI or Supplemental Security Income, and increasing monthly...
    9 Aug 2012, 02:36 PM Reply Like
  • chrisbarnhouse
    , contributor
    Comments (84) | Send Message
     
    As long as Congress sputters in partisan political theater, the economy will sputter as well...
    9 Aug 2012, 05:51 PM Reply Like
  • WMARKW
    , contributor
    Comments (10771) | Send Message
     
    Good Lord Chris......that could be a really, really, really long time.
    9 Aug 2012, 06:05 PM Reply Like
  • mjkern2011
    , contributor
    Comments (41) | Send Message
     
    I know, I am being a grouch, I am sorry. I am just worried when I see people jumping up and down saying that everything looks good. There are even people on this post saying "we had GDP growth of 2%, the economy is doing its job (not verbatim)" which is horse muffins. Good growth is 4%-10%, not 0%-2%. Yes it is going in a direction that is BETTER than negative growth, but it is certainly not doing its job. I have been painstakingly careful not to blame any particular person, because there is lots to go around across the parties involved, but I am tired of the government reporting agencies pretending that I am too stoopid to know what is a good number and what is not, and to think I don't know the real numbers, or what put the numbers where they are today (ala QE, etc).
    14 Aug 2012, 12:44 PM Reply Like
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