New claims for jobless benefits rise sharply

Discussion in 'Economy' started by dvinman, Jun 17, 2010.

  1. dvinman
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    dvinman VIP Member

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    WASHINGTON (AP) -- The number of people filing new claims for jobless benefits jumped unexpectedly last week after three straight declines, another sign that hiring remains weak.

    Initial claims for jobless benefits rose by 12,000 to a seasonally adjusted 472,000, the Labor Department said Thursday. It was the highest level in a month.

    First-time claims have hovered near 450,000 since the beginning of the year after falling steadily in the second half of 2009. That has raised concerns that hiring is lackluster and could slow the recovery. Economists say they will feel more optimistic that the economy is creating jobs once initial claims fall below 425,000 per week.

    The four-week average for unemployment claims, which smooths volatility, dipped slightly to 463,500. That's down by 3,750 from the start of January.

    New claims for jobless benefits rise sharply - Yahoo! Finance
     
  2. Claudette
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    Claudette Gold Member

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    I'm so surprised.

    Wonder how many of the census takers are back on unemployment???
     
  3. Oddball
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    Oddball BANNED Supporting Member

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    These "economic expert" goobers have a lower rate of success at forecasting anything than does Al Roker.

    If these schlubbs are such "experts", what recommends them as such, when almost any economic news, good or bad, is unexpected?
     
  4. theHawk
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    theHawk Registered Conservative

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    Where's rightwinger when you need him to spin this into more good news. :lol:
     
  5. Neubarth
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    Neubarth At the Ballpark July 30th

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    Well, say good bye for now to any hope for a hint of recovery.

    UNADJUSTED DATA

    The advance number of actual initial claims under state programs, unadjusted, totaled 440,701 in the week ending June 12, an increase of 44,112 from the previous week.
     
  6. Neubarth
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    Neubarth At the Ballpark July 30th

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    Though I do not like to even post the "ADJUSTED" numbers because they are just so much crap from Washington intended to confuse the masses, in this case the lies are not that flagrant.

    The fact remains that there has never been a recovery and there is no hint of one starting. When the Initial UI claims fell below 400,000 I had hope that we might be getting close to an actual recovery. Well, say Good Bye to that!

    We are still falling deeper and deeper into Depression as I have been saying. The economic collapse (fall) slowed down a little bit, but it never stopped.
     
  7. mascale
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    mascale VIP Member

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    The Obama family actually adores this fellow, you know.

    Everyone else has noticed that an enormous amount of unrefined crude oil is innundating the U. S. Gulf Coast shores, sparing mostly Texas and Mexico. Texas(?) and Mexico(?) possibly do not have the adundant claims offices now being innundated with fishing and oil rig workers, and their allied industry workers. Then there are resort area worker, and their allied workers.

    The Governor of Arizona has yet to comment on just who gets to file. They are probably everywhere!

    The fact of a settlement check from BP does not preclude the filing of claims. The Settlement Fund was only announced yesterday, and the official in charge was announced only yesterday. Just where anyone files in locations even far away from the Gulf Coast is not entirely clear.

    Recall that these are seasonal adjusted data. These people are not customarily in lay-off mode during these recent weeks, spreading along the coast into Florida. All reports seem to indicate that unemployment would usually be approaching zero digits in the impacted area.

    If in fact there is to be another Head Anglo In Charge of Gulf Coast Public Works Restoration Projects--Then the Party of Abraham Lincoln's famous "Crisis Resolution Program:" Themselves only may be alarmed. The various Ivy League centers personnel--and Law Schools--only may be alarmed. You have a civil right to a pittance at birth, but no civil right to Bill Gate's fortune, or distribution of it. The arithmetic has never been there.

    What did they know, and when did they know it: Becomes these people when in office. So far no one is even asking.

    Abraham Lincoln likely knew all about it: Indirectly setting up the four score and seven year time line: The GOP now expects from BP!

    "Crow, James Crow: Shaken, Not Stirred!"
    (Her Majesty's government and people did have their share, and the Mexicans did have their share, and the Spanish had their share, the Russians had their share: Of this whole thing from the start. Mainly, the Tribal peoples had no claims at all!)
     
    Last edited: Jun 17, 2010

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