Unemployment Claims drop sharply

[JimH52]

Unemployment claims drop sharply to 434,000 | Richmond Times-Dispatch

 

[william the wie]

I don't know that I would call it a sharp drop and increasingly the number being cited is detached from the reality of employment. Most unemployment is in temporary workers and independent contractors who are not covered by unemployment claims.

 

[Mini 14]

It will likely drop every month for the next several. That's what happens when you have over 10% of your population unemployed for close to a year. Eventually, the benefits end

 

[SFC Ollie]

My son decided after 11 months to head for Germany and look for work, in the mean time he started talking to his German girlfriend from 15 years ago and ended up not only moving to Germany but getting a job and getting married there. I doubt he'll be back.

Over all the numbers are still terrible. No matter how it is twisted.

 

[william the wie]

It will likely drop every month for the next several. That's what happens when you have over 10% of your population unemployed for close to a year. Eventually, the benefits end

Add in discouraged workers and the gaps between official data and reality just keeps widening.

 

[uscitizen]

I am sure the repubs will support extending unemployment benefits after the NOv election.

 

[Trajan]

Unemployment claims drop sharply to 434,000 | Richmond Times-Dispatch

'unexpectedly?????

 

[DiveCon]

Unemployment claims drop sharply to 434,000 | Richmond Times-Dispatch

thats what happens when benefits run out

 

[Trajan]

It will likely drop every month for the next several. That's what happens when you have over 10% of your population unemployed for close to a year. Eventually, the benefits end

yup, there are a whole slew of '99er's' coming up on benefits termination...

 

[SFC Ollie]

In the mean time Welfare and food stamp roles grow.......

 

[DiveCon]

hey, but everything is looking up
just ask the dems

 

[william the wie]

If 1/8th 12.5% of the population is on food stamps and people on UEI generally are ineligible for food stamps then something is wrong with this picture. last I heard 12.5% was greater than 9.6%

 

[Douger]

More Walmarts ?
Gawd Blass murka !

 

[SFC Ollie]

Works well for them; more people on welfare, more democrat voters.

 

[CrusaderFrank]

Nov 3, Commerce revises unemployment upward...

 

[uscitizen]

If we still made much stuff sold for Christmas here unemployment would traditionally be going down about now.

Might get a few temporary retail sales jobs going though.

 

[uscitizen]

Do you realize that if you are on unemployment and accept a job and it only lasts say 5 months and you go on unemployment again you lose about half of your weekly benefits?

 

[DiveCon]

Do you realize that if you are on unemployment and accept a job and it only lasts say 5 months and you go on unemployment again you lose about half of your weekly benefits?

actually, i think it has to be 6 months
it might vary by state

 

[The Infidel]

Nov 3, Commerce revises unemployment upward...

That'd be a good bet

 

[Paulie]

Do you realize that if you are on unemployment and accept a job and it only lasts say 5 months and you go on unemployment again you lose about half of your weekly benefits?

I didn't know that, but it sounds like a good incentive to not look for work.