Unemployment Insurance Claims Skyrocketing

Discussion in 'Economy' started by Neubarth, Dec 10, 2009.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    Just released by the US Department of Labor.

    "The advance number of actual initial claims under state programs, unadjusted, totaled 664,865 in the week ending Dec. 5, an increase of 204,703 from the previous week...."
     
  2. uscitizen
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    uscitizen Senior Member

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    They overadjusted their seasoning?
    Too much sage?
     
  3. Neubarth
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    Neubarth At the Ballpark July 30th

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    As I have posted many many times. IN A PREDOMINANTLY SERVICE SECTOR ECONOMY, INCREASING UNEMPLOYMENT IS A LEADING INDICATOR.

    Obama is trying to hide the escalating problem, but it is there for all to see.

    ETA Press Release: Unemployment Insurance Weekly Claims Report


    UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

    SEASONALLY ADJUSTED DATA

    In the week ending Dec. 5, the advance figure for seasonally adjusted initial claims was 474,000, an increase of 17,000 from the previous week's unrevised figure of 457,000. The 4-week moving average was 473,750, a decrease of 7,750 from the previous week's revised average of 481,500.

    UNADJUSTED DATA

    The advance number of actual initial claims under state programs, unadjusted, totaled 664,865 in the week ending Dec. 5, an increase of 204,703 from the previous week.
     
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  4. Mr. H.
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    Mr. H. Diamond Member

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  5. uscitizen
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    uscitizen Senior Member

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    Mickeydees and Wally World will survive.
    But yes when an american icon like McDonalds loses sales....
    But then Busweiser was sold to foreign interests...
     
  6. Truthmatters
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    Truthmatters BANNED

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    remember when the dems wanted a larger stimulus package?

    Now you know why
     
  7. JWBooth
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    JWBooth Gold Member

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    but but but our great and fearless leader and his acolytes have assured us that the recession is over and happy days are here again...
     
  8. Truthmatters
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    Truthmatters BANNED

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    This economy has recieved the current name of "the Great Recession" it would have recieved the name " the New Depression" if it had not been for the stimulus.
     
  9. slackjawed
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    slackjawed Self deported

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    These numbers were higher than expected, bad news yes. "skyrocket" might be embellishing the situation just a bit. Yes it's bad, yes it does appear to be worse than we thought.
    but skyrocketing might be over reacting
     
  10. uscitizen
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    uscitizen Senior Member

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    And our previous fearless leader went striaght form "everythings fine the economy is sound" To "if you do not approve TARP it will be a disaster".
     

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