First Time Jobless Claims Expected to be 105,000...

Discussion in 'Economy' started by B. Kidd, May 26, 2011.

  1. B. Kidd
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    B. Kidd Gold Member

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    ........but the actual number that just came out is 424,000!!! :eusa_whistle:

    (week ending May 21st)
     
    Last edited: May 26, 2011
  2. expat_panama
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    expat_panama Silver Member

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    Initial claims are up 5% of last month and continuing claims are off a fraction of a %.
     
  3. B. Kidd
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    B. Kidd Gold Member

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    The May employment report will ultimately be a troublesome one.
     
  4. Baruch Menachem
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    Baruch Menachem '

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    That is very weird, as usually hiring picks up in the summer.
     
  5. Annie
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    Annie Diamond Member

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    Even Reuter's can't spin this one, yet:

    Business & Financial News, Breaking US & International News | Reuters.com


     
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  6. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    This is not a surprise.

    The economy is barely growing so there is no reason to invest (Capital Investment is also way down). Businesses are being crushed and threatened with the costs of current and future regulations. They are cutting back to reduce their costs structures...which means the loss of jobs.

    This continues to be the Worst Recovery Ever. Thank you Obama!
     
  7. Toro
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    Toro Diamond Member

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    You heard that wrong. It was expected to be 405,000.

    Econoday Report: Jobless Claims May 26, 2011

    I have no idea when the last 105,000 print occurred.
     
  8. editec
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    editec Mr. Forgot-it-All

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    Growth is up 1.8%

    How much is inflation up?
     
  9. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Depends on how you figure it. Based on what I'm seeing, it's a hell of a lot more than 1.8%.
     
  10. zzzz
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    zzzz Just a regular American

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    Really this should be no surprise to anyone. With the high cost of gas and food people cannot buy anything else so inventories have risen and manufactures are starting to cut back. If the consumer does not buy then the supplier has no choice but to cut employment. As long as fuel and food continue to stay high the economy will stagnate.
     

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