UE numbers rise again as weekly jobless claims rise DESPITE holiday hiring

Discussion in 'Politics' started by Grampa Murked U, Dec 29, 2011.

  1. Grampa Murked U
    Offline

    Grampa Murked U Diamond Member

    Joined:
    Jun 13, 2011
    Messages:
    47,569
    Thanks Received:
    8,782
    Trophy Points:
    2,055
    Location:
    Kansas City
    Ratings:
    +23,802
  2. The Rabbi
    Offline

    The Rabbi Diamond Member

    Joined:
    Sep 16, 2009
    Messages:
    67,619
    Thanks Received:
    7,821
    Trophy Points:
    1,840
    Location:
    Nashville
    Ratings:
    +18,214
    Wall St is laying off thousands of people. Ought to make the OWS folks proud.

    Without recovery in the housing market there will be no recovery in the labor market.
     
  3. Claudette
    Offline

    Claudette Gold Member

    Joined:
    Nov 3, 2009
    Messages:
    19,613
    Thanks Received:
    3,021
    Trophy Points:
    280
    Ratings:
    +7,672
    Doesn't surprise me any.

    Barry better hope his class warfare works. It looks like the economy is gonna stay in the toilet.
     
    • Thank You! Thank You! x 1
  4. Grampa Murked U
    Offline

    Grampa Murked U Diamond Member

    Joined:
    Jun 13, 2011
    Messages:
    47,569
    Thanks Received:
    8,782
    Trophy Points:
    2,055
    Location:
    Kansas City
    Ratings:
    +23,802
    Many foreclosures are still in limbo. I wish they would just get it over with because its killing those in my industry. Not to mention the effect its having depressing values.
     
  5. NYcarbineer
    Offline

    NYcarbineer Diamond Member

    Joined:
    Mar 10, 2009
    Messages:
    95,992
    Thanks Received:
    11,264
    Trophy Points:
    2,060
    Location:
    Finger Lakes, NY
    Ratings:
    +30,223
    The numbers are seasonally adjusted.
     
  6. The Rabbi
    Offline

    The Rabbi Diamond Member

    Joined:
    Sep 16, 2009
    Messages:
    67,619
    Thanks Received:
    7,821
    Trophy Points:
    1,840
    Location:
    Nashville
    Ratings:
    +18,214
    Yes, that's probably the biggest problem in the labor market since so much of it is dependent on housing. The administration's moves with regard to housing have been just short of criminal.
    They need to allow banks to do what they are supposed to, foreclose on the non paying bastards, and turn the house and sell it at pennies on the dollar. All of this will be over in 6 months and home prices will begin to rise again.
     
  7. Clementine
    Offline

    Clementine Platinum Member Supporting Member

    Joined:
    Dec 18, 2011
    Messages:
    10,579
    Thanks Received:
    3,888
    Trophy Points:
    350
    Ratings:
    +8,732
    The economy isn't just in the toilet, it's been flushed and some economists fear we may never recover.
     
  8. rdean
    Offline

    rdean rddean

    Joined:
    Aug 9, 2009
    Messages:
    60,086
    Thanks Received:
    6,893
    Trophy Points:
    1,840
    Location:
    chicago
    Ratings:
    +14,946
    The four-week average, a less volatile measure, dropped for the fourth straight week to 375,000. That’s the lowest level since June 2008.

    “Despite the rise in the weekly claims data, the longer-term trend ... suggests that the recovery in the labor market is maintaining its momentum,” said Michael Gapen, an economist at Barclays Capital, in a note to clients.

    Unemployment claims up after steady declines; broader trend points to better hiring in 2012 - The Washington Post

    Republicans are only happy when America is miserable. And they made the misery.
     
  9. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    50,746
    Thanks Received:
    11,051
    Trophy Points:
    2,030
    Location:
    The Big Bend via Riderville
    Ratings:
    +25,074
    The employment picture is gradually getting better. A jump of a few thousand over a week is meaningless.

    [​IMG]
     
  10. waltky
    Online

    waltky Wise ol' monkey Supporting Member

    Joined:
    Feb 6, 2011
    Messages:
    20,829
    Thanks Received:
    1,790
    Trophy Points:
    215
    Location:
    Okolona, KY
    Ratings:
    +3,874
    Economy not pickin' up fast enough, shakin' boomers outta the job market...
    :eusa_eh:
    America's long-term jobless still struggling
    11 Feb.`12 : J.R. Childress is up before the sun, bustling about in the French colonial brick house he built. He helps pack his wife's lunch, downs some eggs or cereal for breakfast, pores over online and newspaper job listings and hopes — even prays — this will be the day when his fortunes turn around.
    See also:

    Hard times 'fuel rise in insurance fraud'
    11 February 2012 - Expensive luxury goods are often included in false insurance claims
     
    Last edited: Feb 11, 2012

Share This Page