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Topic:
TRIO: Another week, another drop in jobless claims (10040690232th consecutive week!) [Locked] |
-Rando-  Posts: 230
Registered: 2010-7-28 09:19:25
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Date Posted:
1/1/00 12:00am
Subject:
TRIO: Another week, another drop in jobless claims (10040690232th consecutive week!) |
Go go modern economic theories, Barack Obama, Federal Reserve and central economic planning! Consumer demand is up, and companies seem to be hiring again.
http://online.wsj.com/article/SB10001424052970204616504577170580078182536.html
Jobless Claims Decline to Lowest Level Since 2008
WASHINGTON--The number of people seeking new unemployment benefits in the U.S. fell last week to the lowest level since April 2008, a signal that the labor market is continuing the improvement than began late last year.
Initial jobless claims fell by 50,000 to a seasonally adjusted 352,000 in the week ended Jan. 14, the Labor Department said Thursday. The decline was the largest in a single week since Sept. 24, 2005.
A Labor Department official, however, said "volatility is fairly common this time of year," and noted that several states had their data estimated due to the Martin Luther King holiday.
Economists surveyed by Dow Jones Newswires had forecast claims would fall by 19,000 to 380,000.
The four-week moving average of new jobless claims, a closely watched number because it smoothes out volatile weekly figures, decreased last week by 3,500 to 379,000.
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winga  Title: Canadian
Posts: 2,256
Registered: 2001-4-27 15:46:32
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Date Posted:
1/1/00 12:00am
Subject:
TRIO: Another week, another drop in jobless claims (10040690232th consecutive week!) |
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k
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TheUnholyGhost  Title: Mr. Subtle
Posts: 271
Registered: 2000-4-4 13:21:40
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Date Posted:
1/1/00 12:00am
Subject:
TRIO: Another week, another drop in jobless claims (10040690232th consecutive week!) |
Less people are receiving unemployment benefits because their benefits ran out...
Drop in jobless claims != Drop in unemployment
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-Rando- Posts: 230
Registered: 2010-7-28 09:19:25
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Date Posted:
1/1/00 12:00am
Subject:
TRIO: Another week, another drop in jobless claims (10040690232th consecutive week!) |
TheUnholyGhost posted:
Less people are receiving unemployment benefits because their benefits ran out...
Drop in jobless claims != Drop in unemployment
Brilliant deduction by TUG! I have to hand it to you, you really handed me my ass on this one.
Except for one little thing... these are NEW (i.e. first time) unemployment claims. This has nothing to do with the unemployment rate directly, only by comparing the number of jobs added and the number of jobs lost (which is what we are talking about here) can we get an idea about the net change in the overall employment. Right now, new jobs keep getting added, and fewer and fewer jobs are being lost, which means overall unemployment is going down.
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Unarmed-Yarr Title: Pirate of Harrrvestgain
Posts: 390
Registered: 2000-2-23 15:43:24
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Date Posted:
1/1/00 12:00am
Subject:
TRIO: Another week, another drop in jobless claims (10040690232th consecutive week!) |
I fully expect the gubmint to report lower jobless claims this year until the elections are over. Considering how unreliable these numbers have been in the past, wouldnt take em much to fudge em in their favor and go "OOPS!" later.
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-Rando- Posts: 230
Registered: 2010-7-28 09:19:25
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Date Posted:
1/1/00 12:00am
Subject:
TRIO: Another week, another drop in jobless claims (10040690232th consecutive week!) |
Unarmed-Yarr posted:
I fully expect the gubmint to report lower jobless claims this year until the elections are over. Considering how unreliable these numbers have been in the past, wouldnt take em much to fudge em in their favor and go "OOPS!" later.
Yep, and also the six straight months of job growth, all faked. You know what else? Tower 7 was a zionist conspiracy.
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Crafty_ac2 Posts: 99
Registered: 2002-12-8 23:08:07
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Date Posted:
1/1/00 12:00am
Subject:
TRIO: Another week, another drop in jobless claims (10040690232th consecutive week!) |
just means that many more people used up the benefits they had so they don't get counted any more. so your point is?
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Myn_Darklighter Title: lector caveo sarcasm coerceo
Posts: 81
Registered: 2002-11-7 07:40:11
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Date Posted:
1/1/00 12:00am
Subject:
TRIO: Another week, another drop in jobless claims (10040690232th consecutive week!) |
NEW unemployment jobless claims are down. And it certainly can point to an improvement in the labor market.
Sadly, no matter how Rando wants to spin it, it is only part of the picture.
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-Rando- Posts: 230
Registered: 2010-7-28 09:19:25
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Date Posted:
1/1/00 12:00am
Subject:
TRIO: Another week, another drop in jobless claims (10040690232th consecutive week!) |
Crafty_ac2 posted:
just means that many more people used up the benefits they had so they don't get counted any more. so your point is?
You might want to look up the word "new."
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HeartView Title: Be right back...
Posts: 1,209
Registered: 2001-12-20 08:11:56
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Date Posted:
1/1/00 12:00am
Subject:
TRIO: Another week, another drop in jobless claims (10040690232th consecutive week!) |
-Rando- posted:
Crafty_ac2 posted:
just means that many more people used up the benefits they had so they don't get counted any more. so your point is?
You might want to look up the word "new."
All new means in this context is that someone was not receiving benefits but is now receiving benefits, regardless of their current or previous employment status. These numbers do not mean anything by themselves.
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