Jobless Claims Increase...

Discussion in 'Politics' started by paulitician, Aug 2, 2012.

  1. paulitician
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    paulitician Platinum Member Supporting Member

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    Do you know someone who's been laid off recently? I do. Yet they keep telling us Unemployment is going down. What a scam.


    The number of U.S. workers filing applications for jobless benefits rose last week, continuing an uneven pattern that suggests job creation was likely modest in July.

    Separately, factory orders unexpectedly fell in June, the latest sign that the slowing economy is sapping demand.

    Initial jobless claims, an indication of layoffs, increased by 8,000 to a seasonally adjusted 365,000 in the week ended July 28, the Labor Department said Thursday. Economists surveyed by Dow Jones Newswires had forecast 370,000 new applications for jobless benefits last week.

    Claims for the July 21 week were revised up to 357,000 from an initially reported 353,000.

    A Labor Department official said claims are volatile in July due to temporary layoffs in the automotive industry...

    Read More:
    Jobless Claims Increase - WSJ.com
    DRUDGE REPORT 2012®
     
  2. jillian
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    jillian Princess Supporting Member

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  3. pinqy
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    pinqy Gold Member

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    Who has been saying that? The Unemployment level went up in May and again in June. And not just lay offs, but total unemployment. The July data will be released tomorrow.
     
  4. paulitician
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    paulitician Platinum Member Supporting Member

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  5. Rat in the Hat
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    Rat in the Hat Gold Member

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    It's strange that Reuters is reporting 163,000 jobs, yet CNNMoney is only reporting 95,000.

    First time claims for unemployment benefits rise - Aug. 2, 2012

    It will be interesting to see which one got it right when the report is released tomorrow.
     
  6. paulitician
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    paulitician Platinum Member Supporting Member

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    The Dear Leader and his Bots. He done saved the World don't ya know.
     
  7. Conservative
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    Conservative Type 40

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    Since Chris gives Obama credit when the jobless claims fall, I expect him in here any second to blame Obama now that the jobless numbers went back up.

    :eusa_whistle:
     
  8. pinqy
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    pinqy Gold Member

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    The Reuters article is citing the ADP data. ADP measures only their own clients and that's all private sector. Further in the article they say:
    which is close to the CNN prediction of 95,000
     
  9. pinqy
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    pinqy Gold Member

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    Do you have an actual cite that they're claiming Unemployment went down in May and/or June? Or are you referring to claims that Unemployment has been down from the high of 10% from October 2009? The general trend over the last couple of years has been down.

    And it makes a difference if we're talking about level or rate. It's possible for the LEVEL to go UP and the RATE to go DOWN and vice versa.
     
  10. Katzndogz
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    Katzndogz Diamond Member

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    163,000 people found jobs, 370,000 lost jobs. This is good news only to democrats.
     
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