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Author Topic: Weekly initial jobless claims down 50k to 352,000 [Locked]
Abaddon_Ambrosius  4 stars
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
And yup, my memory is correct. Even the (dubious) BLS numbers say payrolls rose only 200,000 in December.

http://www.bls.gov/news.release/pdf/empsit.pdf


"Nonfarm payroll employment rose by 200,000 in December"

 

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B_Shinkicker  3 stars
Posts: 519
Registered: 2002-2-24 01:12:47
Unemployment numbers are hilariously gamed. Here is a bit deeper analysis of the numbers and the real situation...

http://tinyurl.com/7qf7r99

 

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imaloon1  3 stars
Posts: 674
Registered: 2003-9-15 07:19:53
Just more cracks in the foundation is all.


Nothing a little stimulus can't fix.

 

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theredkay1  3 stars
Posts: 611
Registered: 2008-5-16 10:37:09
Abaddon_Ambrosius posted:

theredkay1 posted:

I dont think you know if those 215k that fell off the insurance rolls did so because they found a job or b/c they ran out of benefits.



Read again. The jobless claim and new non-farm payroll numbers I just cited SAY they didn't find a job.



Read what? Are you referring to your posts? Kind of a 'the proof is that I say so?' Not real good evidence.


Dept of Labor: The advance number for seasonally adjusted insured unemployment during the week ending January 7, was 3,432,000, a decrease of 215,000 from the preceding week's revised level of 3,647,000.


Its real hard to imagine how this statistic works if they are only counting unemployed people who will eventually fall off the rolls without finding a job.


http://www.dol.gov/opa/media/press/eta/ui/eta20120064.htm


Maybe there is other information you are talking about.
Aerlinthian  4 stars
Posts: 2,126
Registered: 2001-5-7 23:53:38
Interesting claim being made here. Only three and a half minutes to get the idea of the claim. On one hand I would expect that this is old news but that it has been ratcheted up and intensified.

http://youtu.be/IytPruK_oNM
Sin_of_Onin  4 stars
Posts: 1,307
Registered: 2005-6-29 08:21:12
There are a lot of indications of upward trending in employement and consumption.


There are also indications that income may be flat due to various issues impacting the income. For example people taking capital gains last year more than this year due to fear over tax changes, a decrease in bonus payments, and relatively flat wages for those that are working.


IMO the recovery seems to be on but once again it is a shaky and slow recovery.

 

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Brother_Tempus  3 stars
Title: Patriot
Posts: 985
Registered: 2001-1-9 08:07:00
Sin_of_Onin posted:

There are a lot of indications of upward trending in employement and consumption.



No there's not

 

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Kjarhall  3 stars
Title: The Pungent One
Posts: 915
Registered: 2002-3-1 15:47:21
Brother_Tempus posted:

Sin_of_Onin posted:

There are a lot of indications of upward trending in employement and consumption.



No there's not



Roubini disagrees with your dumb ass. Guess who has more cred?

 

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Sin_of_Onin  4 stars
Posts: 1,307
Registered: 2005-6-29 08:21:12
Brother_Tempus posted:

Sin_of_Onin posted:

There are a lot of indications of upward trending in employement and consumption.



No there's not



Sales tax recipts come in on a daily basis and they are up even with seasonal adjustment.


Withholding also comes in on a daily basis and is up.


It is very early in the trend of course but the trend is in the right direction.

 

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Akza  2 stars
Posts: 271
Registered: 2002-9-8 18:02:25
Kjarhall posted:

Brother_Tempus posted:

Sin_of_Onin posted:

There are a lot of indications of upward trending in employement and consumption.



No there's not



Roubini disagrees with your dumb ass. Guess who has more cred?



rofl @ using roubini.

talk about someone who wants the world to go to hell in a handbasket. anytime there is positive news, there is some big conspiracy faking all the numbers. anytime there is negative news, all you read is "I TOLD YOU SO".

i had some hard times back in 2008-2009 finding a job since i graduated at that time, but it's been easy as hell to find work since. i just got another company emailing me yesterday if i need a job. already got a nice job though.

 

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