New Unemployment Claims Drop Unexpectedly

[AllieBaba]

One of the reasons there has been a huge surge in Unemployment numbers is because some states have extended the period of time people can continue receiving UC benefits. In other words, those people who would have fallen off the rolls last year are able to file extension, and thus are staying on.

Are you under the impression that the 600,000+ number being reported is the people collecting unemployment?

No, the numbers being reported are NEW files for unemployment, Allie. That means the people who lose their jobs THAT month.

Good guess though.

There are only so many people, though, and of course once that increase is accounted for, the numbers are going to even off.

Yes, nice try. Wrong, but kudos for creative thinking.

The same with foodstamps. While food is more expensive (though has dropped with the cost of oil and the reduction of demand on grain crops for biofuel) the income standards have been raised recently

.

Now here you are right and on to something.

By increasing the elibility, they've increased the number of people who can get food stamps

Which means MORE PEOPLE ARE ELIGIBLE FOR FS. So of course those people are going to apply. It's not just indicative of hard times...it's because now more people are eligible, for longer.

Yup. Cause you know how many people who don't really need foodstamps will just apply out of spite, just to make the economy look bad when it isn't.

Those "new claims" include the people filing for extensions, idiot. They are new claims. Their old claim expires, then they have to file another claim for their extension. It isn't like it just carries on.

I'm not denying that unemployment numbers are off the charts. What I am denying is that this miniscule hiccup in the numbers is any indication that Obama's strategy is working. It's just evidence that we've reached the apex of the increase due to the extensions. It will continue to rise as Obama continues to decimate our industries and our economy.

 

[del]

One of the reasons there has been a huge surge in Unemployment numbers is because some states have extended the period of time people can continue receiving UC benefits. In other words, those people who would have fallen off the rolls last year are able to file extension, and thus are staying on.

Are you under the impression that the 600,000+ number being reported is the people collecting unemployment?

No, the numbers being reported are NEW files for unemployment, Allie. That means the people who lose their jobs THAT month.

Good guess though.



Yes, nice try. Wrong, but kudos for creative thinking.

.

Now here you are right and on to something.

By increasing the elibility, they've increased the number of people who can get food stamps

Which means MORE PEOPLE ARE ELIGIBLE FOR FS. So of course those people are going to apply. It's not just indicative of hard times...it's because now more people are eligible, for longer.

Yup. Cause you know how many people who don't really need foodstamps will just apply out of spite, just to make the economy look bad when it isn't.

Those "new claims" include the people filing for extensions, idiot. They are new claims. Their old claim expires, then they have to file another claim for their extension. It isn't like it just carries on.

I'm not denying that unemployment numbers are off the charts. What I am denying is that this miniscule hiccup in the numbers is any indication that Obama's strategy is working. It's just evidence that we've reached the apex of the increase due to the extensions. It will continue to rise as Obama continues to decimate our industries and our economy.

no, they don't. the extensions are part of the initial claim. that's why they call them "extensions". if they were new claims, they'd call them "new claims"