bill9300

Adjusted for Labor Force Growth, Today's Jobless Claims Are Below Average

prof, don't you live and work in Flint, Michigan one of the cities with the worst rate of unemployment in the USA. New claims are probably low there, as GM's shutdown of many plants and layoffs ended a few years back. BUT UNEMPLOYMENT IS HIGH, and the high paying jobs are gone.

someone posted-
"...As far as statistics showing that employment is steady and that there are fewer claims for unemployment for the months of..... That argument can be shot down through the common observation of people who have exhausted their unemployment claims and still can't find work. The longer a person is unemployed, the longer it takes to find employment; or so that is what they say! The areas of manufacturing, construction, and investment banking are now the "weak" sectors of the economy and are facing more and more lay-off's. .."