Jobless claims drop to lowest level in eight years

[edthecynic]

When Bush was President I was employed from 1999 to 2008

When Obama was president I laid off in 2009, 2010, 2011

Is it Obama's fault you can't hold on to a job?
You lost your job under Bush and found 4 under Obama. What more can Obama do for you?

Obviously nothing since organizations keep shutting down

You drive formally successful businesses into the ground and that's somehow Obama's fault.

 

[auditor0007]

When everyone is unemployed, we'll finally reach the Zero Jobless Claim state of Nirvana.

How Hopenchangey!

Of all the people I know, only one is unemployed.

 

[Politico]

Which isn't true as the U6 rate has been in decline and we've had a net gain of jobs every month for a few years now.

Net gain of jobs doesn't mean crap. There are fewer working now than there were.

You just make shit up!

142,152,000 employed when Obama took office, 146,221,000 employed now.

Don't include all the numbers. Talk about making shit up. Like I said net jobs doesn't mean crap. Roughly 4 million people turn 18 each year. That means over 24 million have reached working age since 2009. So yeah about 4 million more are working. But those numbers don't even come close to accounting for the number of unemployed.

 

[pinqy]

Net gain of jobs doesn't mean crap. There are fewer working now than there were.

You just make shit up!

142,152,000 employed when Obama took office, 146,221,000 employed now.

Don't include all the numbers. Talk about making shit up. Like I said net jobs doesn't mean crap. Roughly 4 million people turn 18 each year. That means over 24 million have reached working age since 2009. So yeah about 4 million more are working. But those numbers don't even come close to accounting for the number of unemployed.

It's not clear what you're talkiing about. It is a fact that the number of employed is higher now than when Obama took office.

If you want to say that the percent of the population working is lower, that's a different story. 60.6% of the population was employed when Obama took office, now it's 59% However, 68% of the population wanted a job then, and it's 65% now.

But you really have to be more precise and clearer in what you're saying if you want people to understand you..

 

[AceRothstein]

Net gain of jobs doesn't mean crap. There are fewer working now than there were.

You just make shit up!

142,152,000 employed when Obama took office, 146,221,000 employed now.

Don't include all the numbers. Talk about making shit up. Like I said net jobs doesn't mean crap. Roughly 4 million people turn 18 each year. That means over 24 million have reached working age since 2009. So yeah about 4 million more are working. But those numbers don't even come close to accounting for the number of unemployed.

I notice you left out how many people are retiring every year.

 

[edthecynic]

Net gain of jobs doesn't mean crap. There are fewer working now than there were.

You just make shit up!

142,152,000 employed when Obama took office, 146,221,000 employed now.

Don't include all the numbers. Talk about making shit up. Like I said net jobs doesn't mean crap. Roughly 4 million people turn 18 each year. That means over 24 million have reached working age since 2009. So yeah about 4 million more are working. But those numbers don't even come close to accounting for the number of unemployed.

OK since the number working was a failure for you, just move the goalposts to the unemployed.

There were 12,058,000 unemployed when Obama took office and there are 9,474,000 unemployed now.

 

[Andylusion]

The problem is, the economy would have recovered if the government had done nothing.

The economy is natural and organic. It doesn't require the government to do anything at all, for the economy to grow and expand.

Does the government have to come and tell you:

"Hey! You would really like to buy something! You need to go to a store, and purchase something"?

Nope.

Does the government go to people who produce stuff, and say:

"You know, you really should come up with a product people want to buy, and then sell that product"?

Have you seen a government agent yet, go to a retail shop owner and say: "You know, if you purchased some products from suppliers, you could sell those products for a higher price at a profit, and that would be good"?

Of course not. Every fundamental aspect of the economy happens without a single government regulation, or stimulation, or mandate.

People naturally without any external motivation, like to buy things. People naturally like to produce and sell stuff.

Both of these things would happen without any government at all.

When you see "jobless claims lower", and imply that the government had something to do with that, shows only an ignorance of how the economy functions.

There are only two ways government can directly lower jobless claims. First they can lower the benefits of jobless claims, thereby giving greater motivation to get a job. Second they raise the requirements to make a jobless claim, thereby reducing the number qualified, and thus the number using the system.

There is a third, but it's a game of smoke and mirrors. They can hire more government employees. But the problem there is, for every dollar in wages given to a government employee, a dollar plus must be confiscated from private employees. Thus, every job created, destroys multiple jobs in the private economy.

Therefore, reducing jobless claims, although being a good thing, does not by any stretch indicate that government has done anything to fix the economy.

 

[ShaklesOfBigGov]

Economic good news

Jobless claims drop to 284,000, lowest since 2006

The number of people seeking U.S. unemployment benefits fell last week to its lowest level in eight years.

The Labor Department says weekly applications for unemployment aid dropped 19,000 to a seasonally adjusted 284,000. That's the lowest reading since February 2006, nearly two years before the Great Recession began.

The four-week average, a less volatile measure, declined 7,250 to 302,000. Claims for jobless aid have been falling for the past three months.

Applications are a proxy for layoffs. When businesses hold onto staff, increased hiring and stronger economic growth often follows.

Hiring is at its healthiest clip since the late 1990s and the 6.1 percent unemployment rate is at a 5 1/2-year low. Employers added 288,000 jobs in June, the fifth straight month of job gains above 200,000.

When you only have 26 weeks of unployment benefits and no federal extensions, of course it's going to drop. The left then picks up on these benefits running dry as a sign that the economy simply MUST be improving. The real question is, that no one seems to answer, are Americans working one full time job or two jobs to make up for their loss of household income under this administration? That is a more accurate depiction of the true state of the economy.

 

[mudwhistle]

You do realize that, including interest, $14 trillion of that $17 trillion was run up by 3 presidents, Reagan Bush I, and Bush II. Of course all during the time the GOP ran up the debt we heard:

'I don't worry about the deficit. It's big enough to take care of itself.'
Ronald Reagan

"Reagan proved deficits don't matter."
Dick Cheney

When Bush was President I was employed from 1999 to 2008

When Obama was president I laid off in 2009, 2010, 2011

Is it Obama's fault you can't hold on to a job?
You lost your job under Bush and found 4 under Obama. What more can Obama do for you?

What spin!!!! Dude, what happened to "you didn't build that", better known as the belief that no matter how hard we worked in our lives, our success is dependent on government.

I guess this is the same mindset that thinks getting a degree solves all of your problems. NPR focused this morning on Spain, where getting an education was emphasized yet over 40% of the Spaniards holding Master's degrees can't find a job.

 

[mudwhistle]

The problem is, the economy would have recovered if the government had done nothing.

The economy is natural and organic. It doesn't require the government to do anything at all, for the economy to grow and expand.

Does the government have to come and tell you:

"Hey! You would really like to buy something! You need to go to a store, and purchase something"?

Nope.

Does the government go to people who produce stuff, and say:

"You know, you really should come up with a product people want to buy, and then sell that product"?

Have you seen a government agent yet, go to a retail shop owner and say: "You know, if you purchased some products from suppliers, you could sell those products for a higher price at a profit, and that would be good"?

Of course not. Every fundamental aspect of the economy happens without a single government regulation, or stimulation, or mandate.

People naturally without any external motivation, like to buy things. People naturally like to produce and sell stuff.

Both of these things would happen without any government at all.

When you see "jobless claims lower", and imply that the government had something to do with that, shows only an ignorance of how the economy functions.

There are only two ways government can directly lower jobless claims. First they can lower the benefits of jobless claims, thereby giving greater motivation to get a job. Second they raise the requirements to make a jobless claim, thereby reducing the number qualified, and thus the number using the system.

There is a third, but it's a game of smoke and mirrors. They can hire more government employees. But the problem there is, for every dollar in wages given to a government employee, a dollar plus must be confiscated from private employees. Thus, every job created, destroys multiple jobs in the private economy.

Therefore, reducing jobless claims, although being a good thing, does not by any stretch indicate that government has done anything to fix the economy.

We had a poor first quarter yet the second quarter is predicted to have positive growth.......I guess it's because Obama isn't doing a thing to hamper a recovery.

 

[pinqy]

Economic good news

Jobless claims drop to 284,000, lowest since 2006

The number of people seeking U.S. unemployment benefits fell last week to its lowest level in eight years.

The Labor Department says weekly applications for unemployment aid dropped 19,000 to a seasonally adjusted 284,000. That's the lowest reading since February 2006, nearly two years before the Great Recession began.

The four-week average, a less volatile measure, declined 7,250 to 302,000. Claims for jobless aid have been falling for the past three months.

Applications are a proxy for layoffs. When businesses hold onto staff, increased hiring and stronger economic growth often follows.

Hiring is at its healthiest clip since the late 1990s and the 6.1 percent unemployment rate is at a 5 1/2-year low. Employers added 288,000 jobs in June, the fifth straight month of job gains above 200,000.

When you only have 26 weeks of unployment benefits and no federal extensions, of course it's going to drop.

While that might affect continuing claims, why would that affect INITIAL claims? A drop in initial claims means fewer people are being laid off and applying for claims. That's a positive sign.

The real question is, that no one seems to answer, are Americans working one full time job or two jobs to make up for their loss of household income under this administration? That is a more accurate depiction of the true state of the economy.

The total number of people working more than one job has dropped since Jan 2009. The number working 2 part time jobs has increased by about 100,000. So it doesn't look like there's been a large effect.

 

[edthecynic]

Economic good news

Jobless claims drop to 284,000, lowest since 2006

The number of people seeking U.S. unemployment benefits fell last week to its lowest level in eight years.

The Labor Department says weekly applications for unemployment aid dropped 19,000 to a seasonally adjusted 284,000. That's the lowest reading since February 2006, nearly two years before the Great Recession began.

The four-week average, a less volatile measure, declined 7,250 to 302,000. Claims for jobless aid have been falling for the past three months.

Applications are a proxy for layoffs. When businesses hold onto staff, increased hiring and stronger economic growth often follows.

Hiring is at its healthiest clip since the late 1990s and the 6.1 percent unemployment rate is at a 5 1/2-year low. Employers added 288,000 jobs in June, the fifth straight month of job gains above 200,000.

When you only have 26 weeks of unployment benefits and no federal extensions, of course it's going to drop. The left then picks up on these benefits running dry as a sign that the economy simply MUST be improving. The real question is, that no one seems to answer, are Americans working one full time job or two jobs to make up for their loss of household income under this administration? That is a more accurate depiction of the true state of the economy.

Now watch as after I post the numbers this will suddenly no longer be "a more accurate depiction of the true state of the economy"

There were 7,258,000 or 5.2% of the workforce working 2 or more jobs when Obama took office.
There are 6,960,000 or 4.7% of the workforce working 2 or more jobs now.

 

[Spoonman]

Economic good news

Jobless claims drop to 284,000, lowest since 2006

The number of people seeking U.S. unemployment benefits fell last week to its lowest level in eight years.

The Labor Department says weekly applications for unemployment aid dropped 19,000 to a seasonally adjusted 284,000. That's the lowest reading since February 2006, nearly two years before the Great Recession began.

The four-week average, a less volatile measure, declined 7,250 to 302,000. Claims for jobless aid have been falling for the past three months.

Applications are a proxy for layoffs. When businesses hold onto staff, increased hiring and stronger economic growth often follows.

Hiring is at its healthiest clip since the late 1990s and the 6.1 percent unemployment rate is at a 5 1/2-year low. Employers added 288,000 jobs in June, the fifth straight month of job gains above 200,000.

yet more people are out of work than at any point in 8 years

 

[rightwinger]

Economic good news

Jobless claims drop to 284,000, lowest since 2006

The number of people seeking U.S. unemployment benefits fell last week to its lowest level in eight years.

The Labor Department says weekly applications for unemployment aid dropped 19,000 to a seasonally adjusted 284,000. That's the lowest reading since February 2006, nearly two years before the Great Recession began.

The four-week average, a less volatile measure, declined 7,250 to 302,000. Claims for jobless aid have been falling for the past three months.

Applications are a proxy for layoffs. When businesses hold onto staff, increased hiring and stronger economic growth often follows.

Hiring is at its healthiest clip since the late 1990s and the 6.1 percent unemployment rate is at a 5 1/2-year low. Employers added 288,000 jobs in June, the fifth straight month of job gains above 200,000.

yet more people are out of work than at any point in 8 years

link please

 

[Spoonman]

Economic good news

Jobless claims drop to 284,000, lowest since 2006

The number of people seeking U.S. unemployment benefits fell last week to its lowest level in eight years.

The Labor Department says weekly applications for unemployment aid dropped 19,000 to a seasonally adjusted 284,000. That's the lowest reading since February 2006, nearly two years before the Great Recession began.

The four-week average, a less volatile measure, declined 7,250 to 302,000. Claims for jobless aid have been falling for the past three months.

Applications are a proxy for layoffs. When businesses hold onto staff, increased hiring and stronger economic growth often follows.

Hiring is at its healthiest clip since the late 1990s and the 6.1 percent unemployment rate is at a 5 1/2-year low. Employers added 288,000 jobs in June, the fifth straight month of job gains above 200,000.

yet more people are out of work than at any point in 8 years

link please

The real jobs numbers: 41% of America unemployed, 1 in 3 doesn't want work at all ? RT USA

 

[AceRothstein]

yet more people are out of work than at any point in 8 years

link please

The real jobs numbers: 41% of America unemployed, 1 in 3 doesn't want work at all ? RT USA

Oh, a poorly written article from 2 years ago.

 

[pinqy]

yet more people are out of work than at any point in 8 years

link please

The real jobs numbers: 41% of America unemployed, 1 in 3 doesn't want work at all ? RT USA

So you're calling retirees, disabled, full time high school and college students who don't want/need work, and stay home spouses "out of work?" Really? And your link calls them "unemployed?" Do you honestly consider that an accurate assessment?

 

[rightwinger]

yet more people are out of work than at any point in 8 years

link please

The real jobs numbers: 41% of America unemployed, 1 in 3 doesn't want work at all ? RT USA

Bout what I expected

In fact, the number has been dropping for 15 years. Damned Boomers don't want to work anymore

 

[Spoonman]

link please

The real jobs numbers: 41% of America unemployed, 1 in 3 doesn't want work at all ? RT USA

Bout what I expected

In fact, the number has been dropping for 15 years. Damned Boomers don't want to work anymore

so what you are really saying is obama hasn't lowered unemployment, retirement has. pretty much what I thought

 

[Andylusion]

The real jobs numbers: 41% of America unemployed, 1 in 3 doesn't want work at all ? RT USA

Bout what I expected

In fact, the number has been dropping for 15 years. Damned Boomers don't want to work anymore

so what you are really saying is obama hasn't lowered unemployment, retirement has. pretty much what I thought

Yeah, pretty much. And as the tax implications, and forfeit of social security, and the act of raising minimum wage, reducing low wage retirement jobs, it doesn't surprise me at all that the elders are choosing to work less. I would likely make the same choice myself, given the same incentives.