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Initial Jobless Claims: +43K to 474K vs. 410K consensus. Continuing claims +74K to 3,733,000.

Initial Jobless Claims: +43K to 474K vs. 410K consensus. Continuing claims +74K to 3,733,000.
Comments (17)
  • eggfaced
    , contributor
    Comments (293) | Send Message
     
    Not a good number. If unemployment remains stubborn, QE3 is inevitable. With Bernanke and most mainstream economist calling inflation 'transitory', they will continue to ignore half of their dual mandate. They will focus on unemployment using the only tool they have - a printing press. I guess everything looks like a nail when all you have is a hammer.
    5 May 2011, 08:35 AM Reply Like
  • Strike
    , contributor
    Comments (1148) | Send Message
     
    Disastrous. So much for the V-shaped recovery ............
    5 May 2011, 08:37 AM Reply Like
  • Duude
    , contributor
    Comments (3368) | Send Message
     
    Jobless claims higher than expected, productivity costs higher than expected. What more could you want?
    5 May 2011, 08:39 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    They just totally ignored the numbers on Bloomberg....they said just ignore these numbers...LOL....ROTFLMAO
    5 May 2011, 08:40 AM Reply Like
  • buybuybear
    , contributor
    Comments (389) | Send Message
     
    I would like some perspective from bbro. I really appreciate his comments even though he gets hammered here all the time.
    5 May 2011, 08:47 AM Reply Like
  • wyostocks
    , contributor
    Comments (7710) | Send Message
     
    Damn, there goes the recovery of 2011. Looks like we'll have to wait till 2013 when Obama is gone.
    5 May 2011, 08:48 AM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1802) | Send Message
     
    Seriously, that is 4 weeks in a row and one hell of a swing from the recent bottom. Something (gas?) has seriously undermined the pace of recovery.

     

    Despite the happytalk this does not have the makings of a "pause" but more like the brakes are starting to get slammed on.

     

    I am just amazed at how quickly this seems to have to turned.
    5 May 2011, 08:55 AM Reply Like
  • wyostocks
    , contributor
    Comments (7710) | Send Message
     
    IMO these numbers are reflective of the fact that the recently reported gains in employment were not systemic but an aberration.
    There still is not impetus for firms to hire as the uncertainty in the economy (not to mention high gas prices and overall inflation) is still too great for any faith in a sustained increase in sales.
    5 May 2011, 09:00 AM Reply Like
  • Roadstar Biker
    , contributor
    Comments (66) | Send Message
     
    Weren't people commenting here a couple months ago that unemployment was going bump back up as folks re-entered the job market as conditions (slowly) improved?

     

    It was also reported a couple days ago that "Employment in the nonfarm private business sector rose 179,000 from March to April on a seasonally adjusted basis, according to the latest ADP National Employment ReportĀ®".

     

    I come to SA for actionable information, not political rhetoric. Can all the kiddies leave this pool and head over to faux news to post their rants?
    5 May 2011, 09:01 AM Reply Like
  • TeresaE
    , contributor
    Comments (3041) | Send Message
     
    Roadster, people re-entering the pool don't count in initial claims. This number reports the people getting axed and (if they qualify, many now don't) filing for unemployment benefits.

     

    As for the "political rhetoric," if you invest in a bubble, I wish you luck, because in my world the government actions have very real results on my investments - and life.

     

    Good investing to you.
    5 May 2011, 10:12 AM Reply Like
  • wyostocks
    , contributor
    Comments (7710) | Send Message
     
    Roadster, unfortunately the actions of our politicians have a huge impact on our investments. Government policy is a major determining factor in the market direction so it is not realistic to think you won't see comments concerning it.
    5 May 2011, 10:33 AM Reply Like
  • catamount
    , contributor
    Comments (374) | Send Message
     
    Wyostocks, It's more like: you are a prolific commenter, and obsessed with politics (as you watch lots of TV), so you will be god damned if you don't make some politically biased comments while you are on-site (you can't help yourself).
    5 May 2011, 04:50 PM Reply Like
  • Papaswamp
    , contributor
    Comments (2195) | Send Message
     
    This is the bottom that will be bounced along for a while. The housing bubble caused a huge spike in jobs...with that gone the US must find the next 'arena' or be stuck in a rut.
    5 May 2011, 09:04 AM Reply Like
  • Bozerdog
    , contributor
    Comments (464) | Send Message
     
    amazing...this number has hovered around +/-450,000 for years now. this is the new norm. job seekers must re-tool. housing isn't coming back to the tempest it was.
    5 May 2011, 09:14 AM Reply Like
  • TraderMark
    , contributor
    Comments (2422) | Send Message
     
    Stop panicking. Summer of recovery 2.0 begins in 30 days.
    5 May 2011, 09:42 AM Reply Like
  • lafano
    , contributor
    Comments (221) | Send Message
     
    So much for "Hope and Change"...lol...what a joke. Where are the jobs...I mean in the private sector...lol...
    5 May 2011, 09:46 AM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    Government, Public services etc. A lot of education in here

     

    That part of the economy fed by tax and debt

     

    Relax - you should all be pleased.

     

    E
    5 May 2011, 11:10 AM Reply Like
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