New Jobless Claims now up to 500,000

[KissMy]

8/19/2010 CNBC Just Reported New Jobless Claims now up to 500,000

 

[Douger]

Stocks are up !
RP stocks rise on earnings, Wall Street rebound - Business - GMANews.TV - Official Website of GMA News and Public Affairs - Latest Philippine News

 

[Douger]

What you pilgrims don't understand is, with a global economy, the Empire can fall and for the corporaterrorists it makes little to no difference.
You will rot while the whores of the corporatocracy, your masters, thrive.
Gawd blass murka !

 

[wolfgang01]

Clueless in Washington. How is that stimulus working for you?

 

[Mad Scientist]

What you pilgrims don't understand is, with a global economy, the Empire can fall and for the corporaterrorists it makes little to no difference. You will rot while the whores of the corporatocracy, your masters, thrive. Gawd blass murka !

This is true. Corporatists don't even like the CONCEPT of countries. They'd prefer no borders and no passports anywhere on earth. Check the North American Union.

 

[CrusaderFrank]

Imagine there no country...

 

[KissMy]

Weekly Jobless Claims Jump to Nine-Month High

The number of U.S. workers making new claims for jobless benefits unexpectedly rose last week to the highest level in nine months, a distressing sign for an already weak labor market.

Initial unemployment claims rose by 12,000 to 500,000 in the week ended Aug. 14, the Labor Department said in its weekly report Thursday. It was the highest level since Nov. 14, when claims stood at 509,000...

New claims for the previous week, ended Aug. 7, were revised up, to 488,000 from the originally reported 484,000. The rise in claims is particularly troubling because analysts have been expecting an improvement for some time...

The largest increase in claims occurred in California, which saw a rise of 4,393 due to layoffs in the service industry.

 

[Mad Scientist]

Obviously we need Stimulus II.

 

[Dr.House]

Summer of Recovery!

 

[uscitizen]

Think it is bad now? Wait till the repubs get in and try to cut spending Or taxes.

 

[Dr.House]

Checks & balances are good... One party rule is obviously a failure...

 

[theHawk]

More GOOD NEWS for the Obama-economy!!!

 

[hjmick]

Nothing quite like the excitement of a "recovery summer..."

 

[mascale]

last year's mid-August initial report of new claims was at 576,000, an increase of 15,000 new claims. The Unadjusted New Claims were 454,000, a decrease of 28,406.

This year's mid-August initial report of new claims was at 500,000, an increase of 12,000. The Unadjusted New Claims were 401,856, a decrease of 22,650.

So it happens that in 2009, the mid-August New Claims went up by 2.6% or more. Then in 2010, the mid-August New Claims went up by 2.4% or more.

Anyone might guess a trending downward, in the crisis. The report admits to being volatile, and not too predictive of much of anything(?).

Even the Philadephia FedReserve report for August, like the claims report for last week, this year, notes that construction activity was trending downward. Not too much demand for new housing has been created, except that home sales prices, (asset values), have been trending upward.

"Crow, James Crow: Shaken, Not Stirred!"
(MMM-Bah, (MBA), Schvartsz Ph.d.: Not too predictive either(?)! More Make Worse, Only Prediction: Even in Snappy Dialogue from Writers Guild(?)! MMM-Bah keep--take--many wives--and even more Limos--Like in Africa, Ivy League Model for nations planet-wide! MMM-Bah's at schools 1/3 Jewish--Know about real life! Learn From Catholics! Many Nations not involved!)

 

[iamwhatiseem]

Apparently by "Summer of Recovery"...they must have meant next summer.

 

[eagleseven]

I've also read that growth indexes are turning negative for the first time in nearly a year...not good.

"Recovery Summer" may transform into a "Double-Dip Depression" this fall.

 

[uscitizen]

Just another 6 months

 

[eagleseven]

Actually, 10 months for me...I'm riding this out in graduate school.

 

[iamwhatiseem]

Better keep riding...this is going to be one long haul.

 

[eagleseven]

I'm hoping my field (healthcare) will still be afloat come Summer 2011.