Jobless claimes keep going up

Discussion in 'Politics' started by CMike, Feb 4, 2010.

  1. CMike
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    CMike Zionist, proud to be

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    But don't worry Obama and his minions think everything is fine now.

    Jobless Claims Rose Unexpectedly Last Week - FOXBusiness.com


    Claims for jobless benefits unexpectedly rose last week, a disappointing read on the economy in front of tomorrowÂ’s monthly employment report.

    The Labor Department said Thursday morning that seasonally adjusted initial claims came in at 480,000 for the week ended Jan. 30, an increase of 8,000 from the previous week's revised figure of 472,000.Economists were looking for a decrease of about 10,000.

    The four-week moving average was 468,750, an increase of 11,750 from the previous week's revised average of 457,
     
  2. LibocalypseNow
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    LibocalypseNow Senior Member

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    I just can't think of anything this President has done right since taking office. Just pick an issue and he is sure to be on the wrong side. I mean any issue. I know this sounds partisan but it is how i feel. Pretty sad stuff.
     
  3. PatekPhilippe
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    PatekPhilippe Senior Member

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    What seems to be the case here is politicians think if they say something over and over and over again that they will wish it into reality.

    This is what reality is.....if you add in all of the workers who gave up looking for work and the part timers who used to be full time employees the unemployment rate would be somewhere around 20 percent. This Administration is fudging the numbers in order to give the appearance to our creditors that we still have a strong economy and it's recovering....which is quite the opposite of what's happening. The only way to get this economic recovery underway is to create jobs in the private sector....right now Obama and all of his Stimulus bills have failed to do that. The money is only propping up the stock market and State governments. The reason why he's asking for a second stimulus is really quite simple.....the jobs haven't returned and the money is running out for the States to keep their government employees working.
     
  4. saveliberty
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    saveliberty Diamond Member

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    Wait...wait...wait.

    Recession's job losses likely to rise by nearly 1 million - Yahoo! Finance

    Job losses during the recession may have been underestimated by close to a million jobs. So instead of employers cutting just over 7 million jobs from their payrolls since the economic downturn began in December 2007, it's expected that the Labor Department's new estimate will be a loss of 8 million jobs.

    But the department has already given a preliminary look at this Friday's revision, and it says it believes it will show 824,000 fewer workers on payrolls than the current estimates. That would be the biggest downward revision in the 30 years for which comparisons of those adjustments is possible.

    "There's certainly a disconnect between economists like myself who say the recession ended in May or June and the person on the street who says the recession hasn't ended," said John Canally, economist LPL Financial. "This report is only going to widen that gap."

    BOOM!!!
     
  5. LibocalypseNow
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    LibocalypseNow Senior Member

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    This Administration's numbers have always been fudged. They have been busted on several occasions for making chit up. I do believe the Unemployment Rate is much higher than the 10% they keep pushing. Just can't trust their numbers anymore.
     
  6. PatekPhilippe
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    PatekPhilippe Senior Member

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    We can't trust ANYONE
     
    • Thank You! Thank You! x 1
  7. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    It's ok.. he's saved 40 million jobs!
     
  8. keee keee
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    keee keee Senior Member

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    tomorrow more numbers on job loses will be released and this will prove that this administration has been cooking the numbers like they did with global warming!!!!
     
  9. beowolfe
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    beowolfe Senior Member

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    And you only feel that way because you're blindly partisian. If you were not blindly partision, you'd realize:

    1. The stimulus package, though unpopular, stopped the economy from crashing at the bottom of the cliff it was driven over.

    2. Trying terror suspects caught on American soil in federal court is in keeping with long standing precedent.

    3. We're probably not going to go to war with the Russians, so cancelling the F-22 now is probably the right thing to do.

    That's at least three things this administration has done that only the blindly partisian find fault with.
     
  10. beowolfe
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    beowolfe Senior Member

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    Where have you been? The 'real unemployment' rate is ALWAYS higher than the numbers. Why? Because the 'I've exhausted UE benefits and I'm fed up and not looking anymore' are never counted in the published unemployment rate. That is nothing new. That's why when you were singing Dubya's praises on a 5.+ UE rate, we were telling you that it's higher than that.
     

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