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
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    Grampa Murked U Diamond Member

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  2. The Rabbi
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    The Rabbi Diamond Member

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    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
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    Claudette Gold Member

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    Doesn't surprise me any.

    Barry better hope his class warfare works. It looks like the economy is gonna stay in the toilet.
     
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  4. Grampa Murked U
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    Grampa Murked U Diamond Member

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    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
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    NYcarbineer Diamond Member

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    The numbers are seasonally adjusted.
     
  6. The Rabbi
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    The Rabbi Diamond Member

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    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
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    Clementine Platinum Member Supporting Member

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    The economy isn't just in the toilet, it's been flushed and some economists fear we may never recover.
     
  8. rdean
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    rdean rddean

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    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
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    Toro Diamond Member

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    The employment picture is gradually getting better. A jump of a few thousand over a week is meaningless.

    [​IMG]
     
  10. waltky
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    waltky Wise ol' monkey Supporting Member

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    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

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