Jobless Claims Post Decline

[ProSense]

Source: The Wall Street Journal

The number of U.S. workers filing new claims for jobless benefits dropped by more than expected last week, although the level of claims still isn't low enough to signal any major improvements in the labor market.

Separately, the U.S. economy was a little stronger in the second quarter than earlier believed, according to the government, but the rate of growth remained anemic as companies' reluctance to hire workers held back the recovery.

Initial unemployment claims fell by 16,000 to 453,000 in the week ended Sept. 25, the Labor Department said in its weekly report Thursday. New claims for the previous week, ended Sept. 18, were revised upward to 469,000 from 465,000. Economists polled by Dow Jones Newswires had predicted new claims would fall by only 5,000.

In a good sign for the labor market, the four-week moving average, which aims to smooth volatility in the data, fell to its lowest level since July 24. The Labor Department said the four-week moving average fell by 6,250 to 458,000 from the prior week's revised average of 464,250.


Read more: http://online.wsj.com/article/SB10001424052748704483004575523653352435066.html

[JNelson6563]

1. I sure hope this continues!

This has been such a difficult time for so many of us!

Julie

[babylonsister]

2. Rec'd but I see it didn't matter. I do wish the people

rooting against this country would be called out by the admins. Sigh.

[pasto76]

3. yeah, maybe even more folks stopped looking for a job.

I sure have.

[Demit]

4. I can't see how 400K+ new jobless every week is good news.

Especially when they revise last week's jobless numbers upward. I suppose this makes the people who subscribe to the Wall Street Journal happy, somehow, but it's not very comforting to the workers in this country.

[Donnachaidh]

5. and these numbers will be revised upwards next week

You see, the 400K+ new claims don't count, when you want to spin yourself silly. :shrug:

[jaxx]

8. It beats the hell out of 750k.

[flyarm]

6. until they re-adjust the numbers..ame old game..just a different day.

we need to be adding over 100,000 jobs a month...not cheer a slight decline that is usually adjusted down a couple weeks later!

[jaxx]

10. We need to cheer every step forward.

Just think how many teachers and police and firemen would have lost their jobs if it weren't for the stimulus. It could be a whole lot worse.

[Techn0Girl]

32. And forget about every step backward.

We need to do that.

[TheWatcher]

38. That's kind of difficult when every step forward keeps getting revised backward every week.

[ProSense]

7. "U.S. stocks surged on the final day of the best September in 71 years"

"U.S. stocks surged on the final day of the best September in 71 years"

[TheWatcher]

22. Yes, for about an hour. Then reality set in, and the bottom fell out of another Propaganda Based

morning manipulation fest.

Currently down 18.

But I'm sure they'll prop the Bubble back up in the afternoon so you can feel good and act like you know something.

:rofl:

[ProSense]

25. It's back up now.

Do you think that the market performance to day changes this: "best September in 71 years"?

[TheWatcher]

27. No it's not back up now, it's down even more than it was from my last post.

I know you're not big on facts, but the numbers don't lie:

Currently it's -40.27

Here, this might help you:

http://finance.yahoo.com/echarts?s=^DJI+Interactive#symbol=^DJI;range=1d

But like I said, don't worry. I'm sure your Lords and Masters you depend on to keep your fantasy of "Recovery" alive will be along at noon or 3PM like they do everyday to prop things back up so you can continue to chide and poke fun at all us naggy "naysayers" who "Hate America."

And no, today does not change the fact that this is a Bubble that that no relevance to the Real Economy, and is not based on anything fundamental or technical.

Back To You, in The Spin Room, already in progress.

:rofl:

[Techn0Girl]

34. It's down ... not up...

If you want to surprise me, post something true for a change.

[TheWatcher]

36. Fear not, he'll be back at the close after Skynet has it's usual High Frquency Trading "Miracle"

around 3PM to prop the indexes up.

That'll show everyone!

:rofl:

[TheWatcher]

41. And HEEEERE THEY COME. Right On Schedule.

it actually started around 2:42, but the Nasdaq is already green, and the other two indexes are close.

Another late day "Miracle" in progress, after a small bout of "Profit Taking" in the morning and early afternoon. Let's see if they pull it off yet again.

Don't you feel "Recovered"?

Stop "Hating America" and get on the Bandwagon.

Who needs a job when the Golden Calf of the Dow is keeping us all prosperous and happy!

:sarcasm:

[Lost4words]

43. you embarrass yourself,...

[ProSense]

44. .

Do you think that the market performance today changes this: "best September in 71 years"?

Funny, I don't feel embarrassed. Are you embarrassed?

[The Uncola]

9. Wonderful...

... and exactly how many people dropped off your "statistics" this week because they've run out of "benefits" and "hope" that OUR Nation will ever offer US an opportunity to regain OUR self-respect by being EMPLOYED at JOB with a livable wage and an employer that treats US with respect? Good gawd, can you be any further disconnected from what so many of US are dealing with?

***Happy happy joy joy*** ain't gonna cut it, I NEED a JOB, yesterday, not 2 years from now.

What the hell is it gonna take to get through to you people?

[jaxx]

11. What is your solution?

[The Uncola]

12. Pick up a history book sometime.

Read up on FDR and get back to me, if you still don't get it.

[jaxx]

15. FDR is dead.

This is not his time or his congress.
Being stuck in the past isn't always the answer.

[Name removed]

16. Deleted message

Message removed by moderator. Click here to review the message board rules.

[jaxx]

17. Pfffftttttt

You have no solutions?

[The Uncola]

19. Welcome to ignored.

Eerily similar to what you choose to do to history. Bubye.

[jaxx]

20. Oh well.

[Techn0Girl]

33. Ain't THAT the truth !

[EFerrari]

13. Why do you hate America?

:)

[The Uncola]

18. So it seems..

... and I make Baby Jesus cry too!

Damn me for wanting a fair shake and my party to not just be Republican Lite.

Go figger.

[EFerrari]

24. My brother is looking at supporting three young teens on unemployment

as of this week. I've been out of full time work for over three years. Neither of us are in that count. But obviously, it's your fault because you don't have a solution. ~ Sigh ~

lol

Well, let's "buck up", Uncola. Maybe one of us will get lucky today and something will fall off a truck on its way to Wall Street. :)

[The Uncola]

26. Right on Sister!

I'm hoping to find a few crumbs to fight with another one of us "ungrateful hippies" for...

.. that is between our whine fests.

:eyes:

[Name removed]

21. Deleted sub-thread

Sub-thread removed by moderator. Click here to review the message board rules.

[ProSense]

23. Hmmmm?

***Happy happy joy joy*** ain't gonna cut it, I NEED a JOB, yesterday, not 2 years from now.

What the hell is it gonna take to get through to you people?

A lot of people are frustrated, but not all of them are condescending.

[Desertrose]

28. Exactly! "The Statistics Game"....always fun.

It's all in the spin.

Hope you find a job (that actually pays) soon, Uncola.

[The Uncola]

29. Thanks DRose

But I'm not optimistic. At age 57, my chances aren't good, to say the least. Cripes, I don't even get an acknowledgment reply when I submit my apps and resume any more, let alone an interview. Having the righties call me "lazy" and the DINOs call me a "whiner" on top of trying to hang on to some of my dignity, is just plain more than I can stomach. Shame on them both, one is no better than the other.

[MineralMan]

31. Well, I needed work, even though I had sort of retired at 62.

Not many people hiring old hippies my age. In fact, I had no luck at all. So, I started a new business, like I've done many other times in my life. Now, I'm working, earning, and have dealt with the problem in the only way I know that really works.

Since I have no idea what your skills might be, I can't necessarily suggest that you do the same, but it's worth considering. I got my first check two weeks after I decided to hang my shingle out again, and now have several clients who keep me busy. It's a viable alternative to normal employment. I haven't worked a "job" since 1974. I haven't gotten rich, but I'm working and keeping my head above water. My wife does the same thing, and we've been working for ourselves most of our lives.

Good luck with your search. But, if you can't find a regular job, try creating your own.

[The Uncola]

40. Actually...

.. a "regular job" is my best hope, as my shingle says carpenter, remodeler on it. I get an occasional deck (none this year) or small remodel job, but with most everybody else also hurting, those are rare and getting rarer. I appreciate the good thoughts though, they beat the heck out of being called derogatory names.

[Desertrose]

39. If I weren't self-employed....

(& struggling to make ends meet anyway) ...at 61 I'd probably be in the same boat.

I agree with you about both sides having some pretty cold people....hope they don't find themselves in the same boat. (Or maybe I do...I'm getting impatient for people to wake the frik up I guess.)


:hug: The best I can do for ya.

[mahatmakanejeeves]

14. From the DOL's Employment and Training Administration:

Unemployment Insurance Weekly Claims Report {09/30/2010}

In the week ending Sept. 25, the advance figure for seasonally adjusted initial claims was 453,000, a decrease of 16,000 from the previous week's revised figure of 469,000. The 4-week moving average was 458,000, a decrease of 6,250 from the previous week's revised average of 464,250.

The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Sept. 18, a decrease of 0.1 percentage point from the prior week's revised rate of 3.6 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Sept. 18 was 4,457,000, a decrease of 83,000 from the preceding week's revised level of 4,540,000. The 4-week moving average was 4,526,750, a decrease of 5,500 from the preceding week's revised average of 4,532,250.

[OnlinePoker]

30. Question for someone smarter than me.

I went on the Department of Labor site to look at their data on unemployment. Initial Claims "Seasonally Adjusted" is 453,000, but "Not Seasonally Adjusted" is only 370,147, 83,000 less. For continuing claims, it comes in at SA 4,457,000 but NSA 3,766,450, 691,000 less. Am I just dense or is there a reason for this? I would think in the government computers it should be pretty easy to pull up a report that says how many people are drawing benefits for the first time or still drawing benefits for a longer period. Why seasonally adjust the unemployment figures?

[Techn0Girl]

35. Google knows all ....

http://www.google.com/search?q=%22seasonally+adjusted%22+meaning&ie=utf-8&oe=utf-8

[DemocratSinceBirth]

37. I Hope The OP

I hope the OP knows anything greater than 350,000 job losses is consistent with job destruction and not job creation.

[Scurrilous]

42. K & R

:thumbsup: