MSM: unemployment "unexpectedly" rises again

[Neotrotsky]

I am pleasantly surprised that unemployment is so low. It looks to me that the economy is recovering as part of the natural order of things. Given the number and size of the tax increases that went in, I was predicting a 12% unemployment by now.

Funny, Papa Obama said the Pork Bill was going to put it around 8 percent

 

[Neotrotsky]

MSM: unemployment "unexpectedly" rises again

Jobless Claims, Inflation Jump as Economy Wobbles

The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economic recovery.

Initial claims for state unemployment benefits increased 31,000 to 473,000, the Labor Department said on Thursday. That compared to market expectations for 430,000.

In our "golden age" of Papa Obama, we seen to have a lot of unexpected rises in unemployment

Funny how that works

I wonder what happens in January? Oh! Wait, retail stores lay off all their Christmas workers.

They adjust for that. That is what the "seasonally adjusted means."

What happened that they didn't count on was all the tax increases that went in on Jan 1, some of them very substantial.

And one of the big increases was for unemployment insurance.

I am pleasantly surprised that unemployment is so low. It looks to me that the economy is recovering as part of the natural order of things. Given the number and size of the tax increases that went in, I was predicting a 12% unemployment by now.

(Crow doesn't go well, even with Hollandaise sauce. )
And there are large numbers of people who just plain have moved on. One income households have adjusted to that reality. So larger numbers of people are, while not cool with it, dealing with it other ways. Actual employment is still way down.

Sure just look at U6 numbers

Democratic Underground
According to the Bureau of Labor Statistics, the U6 unemployment number is 18% (16.5% - not seasonally adjusted), which is the highest number of record.

 

[masquerade]

That's just because the stimulus took last week off so it could listen to the President's speech on it's birthday, don't worry American it'll go back to "saving and creating" jobs next week.

I do love sarcasm. lol

 

[ItHappens]

MSM: unemployment "unexpectedly" rises again

Jobless Claims, Inflation Jump as Economy Wobbles

The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economic recovery.

Initial claims for state unemployment benefits increased 31,000 to 473,000, the Labor Department said on Thursday. That compared to market expectations for 430,000.

In our "golden age" of Papa Obama, we seen to have a lot of unexpected rises in unemployment

Funny how that works

I wonder what happens in January? Oh! Wait, retail stores lay off all their Christmas workers.

So seasonal Holiday work, much of it not even full-time, isn't really "job creation" is it?

 

[ItHappens]

I am pleasantly surprised that unemployment is so low. It looks to me that the economy is recovering as part of the natural order of things. Given the number and size of the tax increases that went in, I was predicting a 12% unemployment by now.

Funny, Papa Obama said the Pork Bill was going to put it around 8 percent

I think even that is being fair. Many of the persons who lost jobs this time last year may still be unemployed and their benefits have expired and they are no longer included in that figure.
All part of the big lie.

 

[Claudette]

It is strange indeed

According to the left and the MSM, it is "mission accomplished" for Papa Obama's Pork Bill

Oh.. you're talking about pork... the majority of which went to Republican held districts?


I started MY job hunt a week ago. After three interviews I was hired into a full-time position with a marketing company two days ago. Unemployment isn't the problem.. everyone who is capable of finding a job but doesn't because of the fat unemployment check is the reason for our high unemployment rates.

Absolutely a factor....from a man that runs a very actiive temporary employment agency in NYC.

You got that right.

You have many who will sit on their ass until the ever replentished Unemployment runs out. Then they will go look for a job.

 

[Neotrotsky]

Oh.. you're talking about pork... the majority of which went to Republican held districts?


I started MY job hunt a week ago. After three interviews I was hired into a full-time position with a marketing company two days ago. Unemployment isn't the problem.. everyone who is capable of finding a job but doesn't because of the fat unemployment check is the reason for our high unemployment rates.

Absolutely a factor....from a man that runs a very actiive temporary employment agency in NYC.

You got that right.

You have many who will sit on their ass until the ever replentished Unemployment runs out. Then they will go look for a job.

So, you are saying the jobs were always there and
Papa Obama made a mistake to extend unemployment benefits?

Why not cut the benefits now and see those unemployment numbers drop?

 

[Neotrotsky]

I am pleasantly surprised that unemployment is so low. It looks to me that the economy is recovering as part of the natural order of things. Given the number and size of the tax increases that went in, I was predicting a 12% unemployment by now.

Funny, Papa Obama said the Pork Bill was going to put it around 8 percent

I think even that is being fair. Many of the persons who lost jobs this time last year may still be unemployed and their benefits have expired and they are no longer included in that figure.
All part of the big lie.

Well U6 figures are at an all time high

Democratic Underground
According to the Bureau of Labor Statistics, the U6 unemployment number is 18% (16.5% - not seasonally adjusted), which is the highest number of record.

 

[Soggy in NOLA]

Seems almost everything is "unexpected" to this administration.

 

[ItHappens]

Seems almost everything is "unexpected" to this administration.

"I'm brilliant...the media said so."

 

[Luissa]

MSM: unemployment "unexpectedly" rises again

Jobless Claims, Inflation Jump as Economy Wobbles

The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economic recovery.

Initial claims for state unemployment benefits increased 31,000 to 473,000, the Labor Department said on Thursday. That compared to market expectations for 430,000.

In our "golden age" of Papa Obama, we seen to have a lot of unexpected rises in unemployment

Funny how that works

I wonder what happens in January? Oh! Wait, retail stores lay off all their Christmas workers.

I didnt realize there were 43,000 temporary retail workers. And as mentioned, since even an ignoramus like yourself knows this, why should it be a surprise?

No, we are seeing the beginnings of "stagflation" just like under Carter. The more he continues, the more obama resembles Carter. Iran problems, stagflation, leftist Congress, lack of experience, etc etc.

And you call me an ignoramus.
I am sure there MORE than 43,000 seasonal workers, some probably were able to stay on.

 

[Oldandtired]

Absolutely a factor....from a man that runs a very actiive temporary employment agency in NYC.

You got that right.

You have many who will sit on their ass until the ever replentished Unemployment runs out. Then they will go look for a job.

So, you are saying the jobs were always there and
Papa Obama made a mistake to extend unemployment benefits?

Why not cut the benefits now and see those unemployment numbers drop?

I can tell you one things for sure......Louis "blank"...a new temp we have in our datatbase would have accepted an assignement for next week.
We called him this morning and offered him an assignemtn for a minimum of one week for 12 an hour.
He asked how many hours and we told him 40....and he said...and I quote "at 480 for the week I may as well collect unemployment and not have to incur the commuting cost".....

And yes, he doies not collect for a week he works temp...it is deferred to the end of his benefits.

So yes.....cut unemployment and you will see a lot more jumping at opportunities.....it may not mean more will be working....it wont.....but it shows how entitlements trump working in the eyes of many.

 

[Neotrotsky]

You got that right.

You have many who will sit on their ass until the ever replentished Unemployment runs out. Then they will go look for a job.

So, you are saying the jobs were always there and
Papa Obama made a mistake to extend unemployment benefits?

Why not cut the benefits now and see those unemployment numbers drop?

I can tell you one things for sure......Louis "blank"...a new temp we have in our datatbase would have accepted an assignement for next week.
We called him this morning and offered him an assignemtn for a minimum of one week for 12 an hour.
He asked how many hours and we told him 40....and he said...and I quote "at 480 for the week I may as well collect unemployment and not have to incur the commuting cost".....

And yes, he doies not collect for a week he works temp...it is deferred to the end of his benefits.

So yes.....cut unemployment and you will see a lot more jumping at opportunities.....it may not mean more will be working....it wont.....but it shows how entitlements trump working in the eyes of many.

No doubt

However, this group of the "habitually unemployed" in no way can account for today's large unemployment numbers

 

[Oldandtired]

So, you are saying the jobs were always there and
Papa Obama made a mistake to extend unemployment benefits?

Why not cut the benefits now and see those unemployment numbers drop?

I can tell you one things for sure......Louis "blank"...a new temp we have in our datatbase would have accepted an assignement for next week.
We called him this morning and offered him an assignemtn for a minimum of one week for 12 an hour.
He asked how many hours and we told him 40....and he said...and I quote "at 480 for the week I may as well collect unemployment and not have to incur the commuting cost".....

And yes, he doies not collect for a week he works temp...it is deferred to the end of his benefits.

So yes.....cut unemployment and you will see a lot more jumping at opportunities.....it may not mean more will be working....it wont.....but it shows how entitlements trump working in the eyes of many.

No doubt

However, this group of the "habitually unemployed" in no way can account for today's large unemployment numbers

Todays large unemployment numbers are directly correlated to the cycle of recessions....and most recessions are directly correlated to market saturation...which is directly correlated to technological advances......it is and has been a way of life.

The issue is not today's unemployment...

The issue is how some, with the power to do so, will use this recession to implement an agenda.

 

[namvet]

It is strange indeed

According to the left and the MSM, it is "mission accomplished" for Papa Obama's Pork Bill

Oh.. you're talking about pork... the majority of which went to Republican held districts?


I started MY job hunt a week ago. After three interviews I was hired into a full-time position with a marketing company two days ago. Unemployment isn't the problem.. everyone who is capable of finding a job but doesn't because of the fat unemployment check is the reason for our high unemployment rates.

Truth is hard for the left; truth is their worst enemy

Democratic Districts won twice as much stimulus cash as conservative districts.
Maybe democratic districts should get to keep all the stimulus cash?


Democratic districts have received nearly twice as much stimulus money as Republican districts and the cash has been awarded without regard to how badly an area was suffering from job losses, according to a new study.

The Mercatus Center at George Mason University reviewed the distribution of $157 billion in stimulus dollars based on publicly available reports and found that there was “no statistical correlation” between the amount of money a district got and its income or unemployment rate.

“You would think, right, that if the administration believes in its theory that government money can create jobs, they would spend a lot of money in districts that have high unemployment,” study co-author Veronique de Rugy said. “We found absolutely no relationship. It just kind of shows that the money is spent kind of randomly.”

Rather, the study found that Democratic congressional districts received 1.89 times more money than GOP districts. The average award for Democratic districts was $439 million, while the average award for Republican ones was $232 million.

On average, Democratic districts also got 152 awards, while Republican ones got 94.

yep they get the coal mine and the GOP states get the shaft. no surpise here. he is supporting liberal America only

 

[Oldandtired]

So, you are saying the jobs were always there and
Papa Obama made a mistake to extend unemployment benefits?

Why not cut the benefits now and see those unemployment numbers drop?

I can tell you one things for sure......Louis "blank"...a new temp we have in our datatbase would have accepted an assignement for next week.
We called him this morning and offered him an assignemtn for a minimum of one week for 12 an hour.
He asked how many hours and we told him 40....and he said...and I quote "at 480 for the week I may as well collect unemployment and not have to incur the commuting cost".....

And yes, he doies not collect for a week he works temp...it is deferred to the end of his benefits.

So yes.....cut unemployment and you will see a lot more jumping at opportunities.....it may not mean more will be working....it wont.....but it shows how entitlements trump working in the eyes of many.

No doubt

However, this group of the "habitually unemployed" in no way can account for today's large unemployment numbers

The habitually unemployed is a revolving number....as their benefits run out...and they are left with nothing...and new people are filling the gaps of those that have been forced out of the system....so it is an ever increasing number.......the habitually unemployed AND those that are forced out of the system COMBINED.

 

[Neotrotsky]

I can tell you one things for sure......Louis "blank"...a new temp we have in our datatbase would have accepted an assignement for next week.
We called him this morning and offered him an assignemtn for a minimum of one week for 12 an hour.
He asked how many hours and we told him 40....and he said...and I quote "at 480 for the week I may as well collect unemployment and not have to incur the commuting cost".....

And yes, he doies not collect for a week he works temp...it is deferred to the end of his benefits.

So yes.....cut unemployment and you will see a lot more jumping at opportunities.....it may not mean more will be working....it wont.....but it shows how entitlements trump working in the eyes of many.

No doubt

However, this group of the "habitually unemployed" in no way can account for today's large unemployment numbers

The habitually unemployed is a revolving number....as their benefits run out...and they are left with nothing...and new people are filling the gaps of those that have been forced out of the system....so it is an ever increasing number.......the habitually unemployed AND those that are forced out of the system COMBINED.

I am speaking of the ones who try to maximize EIC and unemployment benefits with the least amount of work on a yearly basis

I am sure you have seem them in your line of work

 

[Oldandtired]

No doubt

However, this group of the "habitually unemployed" in no way can account for today's large unemployment numbers

The habitually unemployed is a revolving number....as their benefits run out...and they are left with nothing...and new people are filling the gaps of those that have been forced out of the system....so it is an ever increasing number.......the habitually unemployed AND those that are forced out of the system COMBINED.

I am speaking of the ones who try to maximize EIC and unemployment benefits with the least amount of work on a yearly basis

I am sure you have seem them in your line of work

More than you can imagine....many calculate unemployment benefits into their decision making.
My perm staffing firm has experienced some very strange responses to offers people get through us.
Just yesterday we had an unemployed legal assistant who was making 45K a year when her firm moved out of New York City and offerdher to go with them to Buffalo NY...but she declined.
We got her an offer at a firm that handles real estate law...she had experience in litigation....they offered her 45K plus 100% paid benefits for single coverage...and 50% contribution toward the additional for family coverage.
She turned it down becuase she "expects a raise" from what she was earning when she was laid off.
If the opportunity were in litigation...I can ALMOST understand....but she is not experienced in real estate...and only WANTS real esttate or marital law....but insists on an increase.
After a lenthy discussion she admitted that she still has months of unemployment and in no rush to get a job....and will not compromise her desire for a minimum of 52K.
Her perogative...
but sometimes we need to make sacrifices.....
Unfortunately, with entitlements out there.....many feel there is no need to sacrifice.
Whatever.....this is the road we voted for.

 

[LibocalypseNow]

Their numbers are all lies anyway. If they're saying unemployment is at 10% then just go ahead and think 20%. Now a "Jobs Bill?" The Socialists have sunk so many future generations. It really is sad. Make 2010 count people.

 

[The Rabbi]

Non-sequitur post of the week!

And you know this, how?