Unemployment Hits 4-Year Low

Discussion in 'Economy' started by Star, Apr 5, 2012.

  1. Star
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    Star Gold Member

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    US Unemployment Claims Hit 4-Year Low of 357K - ABC News



    By CHRISTOPHER S. RUGABER AP Economics Writer
    WASHINGTON April 5, 2012 (AP)



    The number of people seeking U.S. unemployment benefits fell to a four-year low last week, suggesting employers kept hiring in March at a healthy pace.

    Weekly applications dropped 6,000 to a seasonally adjusted 357,000, the Labor Department said Thursday. That's the fewest since April 2008.

    The four-week average, a less volatile measure, fell to 361,750, also the lowest in four years.

    Applications have been steadily declining since last fall. The four-week average fell 4 percent in the January-March quarter, after dropping 8 percent in the final three months of last year.

    When unemployment benefit applications drop consistently below 375,000, it usually signals that hiring is strong enough to lower the unemployment rate.

    <Snip>
     
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  2. Peach
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    Peach Gold Member

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    CLAIMS decreased, still over 9% in Florida.
     
  3. ThinkCritically
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    ThinkCritically Open to opinion

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    Unemployment numbers are the most abused and manipulated statistics out there. Say for example, unemployment could remain flat, but the bureau of labor would report a decrease in unemployment because over time they quit counting those who have been unemployed past a given time.

    I don't mean to be a nay sayer but it is important to know how these statistics are compiled. Basically many unemployed people are not counted. A substantial amount.

    I'm sure you already knew all of this, but for the average person who only hears "unemployment is going down" they might mistaken this as an improvement, when in fact it isn't a true indication as to how many people are without jobs.
     
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  4. 8537
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    8537 Senior Member

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    Creating 3.9 million private sector jobs in two years is an improvement no matter how you slice it.
     
  5. uscitizen
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    uscitizen Senior Member

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    And it is Obama's fault!
     
  6. hortysir
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    hortysir In Memorial of 47

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    CLAIMS, not Rate.

    Dishonest OP Title much???
    :eusa_boohoo:

    Number of claims are going to drop as more and more people aren't eligible for benefits any longer.

    But you knew that, didn't ya?!
    :lol:
     
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  7. pinqy
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    pinqy Gold Member

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    No they don't There's no time limit for being considered unemployed. If a person has looked for work in the previous 4 weeks, they are uneemployed, regardless of how long they've been unemployed.

    It is important. Your error is one of the common ones.

    Well, sure, but do you really want to count someone without a job who doesn't want a job as unemployed? That wouldn't give a good picture of the Labor Market.
     
  8. Nova78
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    Nova78 Silver Member

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    $7.50 an hour is not a job, its some fuck stick gettin two for one, most of those jobs are low paying no benefit bull shit
     
  9. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Not because of "shovel ready" stimulus jobs

    [ame=http://www.youtube.com/watch?v=4p4-vPrcDBo]Obama: Shovel Ready jobs not shovel ready - YouTube[/ame]
     
  10. Katzndogz
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    Katzndogz Diamond Member

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    It's as true as any other phony statistic the government comes up with.
     

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