Lower jobless claims again....is anyone still falling for this shit?

Discussion in 'Economy' started by Mini 14, Mar 3, 2011.

  1. Mini 14
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    Mini 14 Senior Member

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  2. Douger
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    Douger BANNED

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    If everyone is already unemployed there's nobody else to file.
     
  3. Mini 14
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    Mini 14 Senior Member

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    Exactly.
     
  4. Leweman
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    Leweman Gold Member

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    I think its a good trend. Doesn't tell but a little part of the story though.
     
  5. pinqy
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    pinqy Gold Member

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    How would people falling off of benefits affect NEW claims?

    As for falling off affecting continuing claims, the data for extended benefits is 2 weeks behind the count of initial claims, so we can't tell yet. Tomorrow, the total unemployment numbers (not just UI claims) for February will be released so we'll see what the changes from mid-January to mid-February were.

    As for your claim that the reason the numbers drop because of people falling off, I'd like to see your evidence because as far as I know there is no data available to say why anyone is no longer collecting benefits (and again that wouldn't affect new claims anyway).

    Contrary evidence is that the Insured unemployment rate (% of people covered by unemployment receiving it) has been steadily dropping and is now at 3% compared to 4.9% in June 2009.
     
  6. Mad Scientist
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    Mad Scientist Feels Good! Gold Supporting Member Supporting Member

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  7. rightwinger
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    rightwinger Award Winning USMB Paid Messageboard Poster Gold Supporting Member Supporting Member

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    My son was hired back as an Architect last week after being laid off for a year

    Starting to see some rebound in building and remodelling jobs

    Hey...its a start
     
  8. Mad Scientist
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    It's the "L" shaped recovery that most were afraid of with 10% unemployment being the "new normal", like in Europe.

    Plus, Obama needs a "V" shaped recovery to pay for ObamaCare, remember that.
     
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  9. LordBrownTrout
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    LordBrownTrout Gold Member

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    I'll start cheering when we get back about 5 million jobs and having hiring increases of 300k to 400k a month for 12 months. Otherwise, no.
     
  10. william the wie
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    william the wie Gold Member

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    An L shaped recovery is highly prone to even further downtruns.
     

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