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Initial Jobless Claims: 366K vs. 360K consensus, 368K prior.

Initial Jobless Claims: 366K vs. 360K consensus, 368K prior.
Comments (19)
  • SoCalNative
    , contributor
    Comments (376) | Send Message
     
    Somehow this is good, right?
    7 Feb 2013, 10:26 AM Reply Like
  • caupachow
    , contributor
    Comments (310) | Send Message
     
    Not good; Great!
    7 Feb 2013, 10:41 PM Reply Like
  • WMARKW
    , contributor
    Comments (10221) | Send Message
     
    Well caupachow - perhaps you would care to share your thoughts on why? Personally, I don't think it matters much at all. I am more concerned about the total non-farm payrolls.
    7 Feb 2013, 11:23 PM Reply Like
  • caupachow
    , contributor
    Comments (310) | Send Message
     
    WM, that was a high dose of sarcasm. This thing is going to hell in a waste paper basket. Although I'm doing well I get to see many who are now earning a third of what they were 4 years ago and in Central FL more investors in housing than family buyers.
    8 Feb 2013, 11:42 AM Reply Like
  • WMARKW
    , contributor
    Comments (10221) | Send Message
     
    Oh - you are saying your comment was with a high dose of sarcasm! OK. No problem. I was just wondering. There are those here who see declining UI claims as a good thing and an indicator of economic progress. I am happy for them to go down.....but I am just not sure I see a connection with improving economy. I can see the opposite, that if they go wildly up - that's a bad sign.
    8 Feb 2013, 03:46 PM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    The jobs recovery continues?
    7 Feb 2013, 11:03 AM Reply Like
  • Petrarch
    , contributor
    Comments (577) | Send Message
     
    it is not bad.
    P
    7 Feb 2013, 11:11 AM Reply Like
  • chuckf201
    , contributor
    Comments (16) | Send Message
     
    Why is this a bad thing??
    7 Feb 2013, 12:13 PM Reply Like
  • Petrarch
    , contributor
    Comments (577) | Send Message
     
    it isn't
    it is normal
    job losses are part of a dynamic economy
    P
    7 Feb 2013, 04:41 PM Reply Like
  • jhooper
    , contributor
    Comments (5211) | Send Message
     
    Yeah when non farms are over 1 million a month like in sept of 1983.
    8 Feb 2013, 05:45 AM Reply Like
  • WMARKW
    , contributor
    Comments (10221) | Send Message
     
    If you'd like to add some knowledge about unemployment, check out this awesome article by Rortybomb on SA today.

     

    http://seekingalpha.co...
    7 Feb 2013, 12:26 PM Reply Like
  • Tack
    , contributor
    Comments (12442) | Send Message
     
    Employment at the margin has almost nothing to do with overall economic performance. It's a wonderful poster child for the media, but misleads any investors who think it drives the economy. Economies are driven by the employed and the monied, not by changes at the margin.

     

    Think of it this way:

     

    If 90% of the people (employed) change their spending behavior by only 5%, it has 4.5 times the impact of having the unemployment rate fall 1% and having 100% new spending added by each of those newly-employed individuals.
    7 Feb 2013, 12:32 PM Reply Like
  • dreadlordnaf
    , contributor
    Comments (481) | Send Message
     
    Your analysis is flawed on so many levels. First off the unemployed get government benefits that increase the more of them there are. This money does not come from magic.

     

    Second you cling to the Keynesian myth that spending equals economic growth. It doesnt. Otherwise the US should be in a utopia by now.
    7 Feb 2013, 02:35 PM Reply Like
  • Papaswamp
    , contributor
    Comments (2178) | Send Message
     
    True..but 90% of the people aren't employed...58% of the population is and declining.
    http://bit.ly/YX5y0f

     

    This is after massive intervention by the govt and fed that is still continuing.
    7 Feb 2013, 03:42 PM Reply Like
  • Tack
    , contributor
    Comments (12442) | Send Message
     
    dread & pap:

     

    I don't think you guys have any conception about "monetary velocity."
    But, hey, keep waiting for the world to end. Eventually, either the world will or you will, so it works out about the same, right?
    7 Feb 2013, 04:24 PM Reply Like
  • yliu54
    , contributor
    Comments (156) | Send Message
     
    So people believe we are already out of the recession?
    7 Feb 2013, 12:53 PM Reply Like
  • pipopipo
    , contributor
    Comments (38) | Send Message
     
    The bulls do the bears don't, but for real recession you need another negative GDP, so who knows.
    7 Feb 2013, 02:55 PM Reply Like
  • jaych79
    , contributor
    Comments (506) | Send Message
     
    Laser focus. I guess the election is over and that doesn't matter anymore. Would be nice to have politicians that actually acted on behalf of the citizen and that is regarding both sides of the aisle.
    7 Feb 2013, 12:58 PM Reply Like
  • yliu54
    , contributor
    Comments (156) | Send Message
     
    This will never come true, that's the politics..
    11 Feb 2013, 11:20 AM Reply Like
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