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Old 06-04-2009, 07:14 AM
 
Location: SE Arizona - FINALLY! :D
19,868 posts, read 22,719,590 times
Reputation: 7167

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For all the Obamabashers etc out there who have endlessly complained that the good economic news that's come up over the last few months is meaningless because unemployment keeps increasing - well, here's the first indication that overall unemployment (NOT just NEW CLAIMS (as has been happening for several months now - but OVERALL unemployment)) has started to drop. This is the first time in nearly 4 years that that's happened. This is big news folks.

This is usually the LAST thing to recover in any recovery - and it seems to be starting to happen - following a whole bunch of other, earlier positive signs.

"WASHINGTON - The number of people on the unemployment insurance rolls fell slightly last week for the first time in 20 weeks, while the tally of new jobless claims also dipped, the government said Thursday. "

Jobless rolls drop, first time in 20 weeks - Stocks & economy- msnbc.com

And no, FOX News is NOT yet reporting it. As usual, good economic news is now being report first on Left-leaning MSNBC while Right-leaning FOX news drags it feet - but even THEY will report it any time now.

Ken
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Old 06-04-2009, 07:18 AM
 
519 posts, read 605,781 times
Reputation: 153
Ken, you disappointed me. I thought you had BIG news to spread. When the unemployment rate is back down to its typical 3-4%, GM and Chrysler are selling private-industry cars again, and taxpayers don't control the banking industry anymore, come back with BIG news.

This is good news, not BIG news.
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Old 06-04-2009, 07:19 AM
 
2,153 posts, read 4,992,227 times
Reputation: 649
Business News | Financial News | Personal Finance | Stock Market Quotes | Commodities Market | Currency Market - FOXBusiness.com



You have to actually CHECK to see if they are reporting it. God forbid you check Fox though as claims of bias couldn't be used anymore.
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Old 06-04-2009, 07:21 AM
 
Location: SE Arizona - FINALLY! :D
19,868 posts, read 22,719,590 times
Reputation: 7167
Quote:
Originally Posted by Johnny B. Fury View Post
Ken, you disappointed me. I thought you had BIG news to spread. When the unemployment rate is back down to its typical 3-4%, GM and Chrysler are selling private-industry cars again, and taxpayers don't control the banking industry anymore, come back with BIG news.

This is news, not BIG news.
Typical "doom and gloomer" response.
Nothing is good news until it returns us to the "good old days".
LOL

Ken
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Old 06-04-2009, 07:24 AM
 
19,216 posts, read 12,939,918 times
Reputation: 2337
There are a lot of people unemployed who are no longer picked up on the
"roles", and the number is ever growing.
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Old 06-04-2009, 07:24 AM
 
5,165 posts, read 5,308,272 times
Reputation: 1067
Quote:
Originally Posted by LordBalfor View Post
For all the Obamabashers etc out there who have endlessly complained that the good economic news that's come up over the last few months is meaningless because unemployment keeps increasing - well, here's the first indication that overall unemployment (NOT just NEW CLAIMS (as has been happening for several months now - but OVERALL unemployment)) has started to drop. This is the first time in nearly 4 years that that's happened. This is big news folks.

This is usually the LAST thing to recover in any recovery - and it seems to be starting to happen - following a whole bunch of other, earlier positive signs.

"WASHINGTON - The number of people on the unemployment insurance rolls fell slightly last week for the first time in 20 weeks, while the tally of new jobless claims also dipped, the government said Thursday. "

Jobless rolls drop, first time in 20 weeks - Stocks & economy- msnbc.com

And no, FOX News is NOT yet reporting it. As usual, good economic news is now being report first on Left-leaning MSNBC while Right-leaning FOX news drags it feet - but even THEY will report it any time now.

Ken
I am now on board with you. The turn has begun. how strong it will be and how far it turns is yet to be determined but it is heading in the right direction.
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Old 06-04-2009, 07:24 AM
 
Location: Hoboken
19,891 posts, read 16,270,932 times
Reputation: 3123
Don't get too excited.

NO, A WHOLE BUNCH OF FOLKS DIDN'T JUST GET JOBS - New York Post
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Old 06-04-2009, 07:25 AM
 
Location: Chicagoland
41,314 posts, read 39,491,899 times
Reputation: 7107
Quote:
The tally of first-time claims for jobless benefits declined to a seasonally adjusted 621,000 from the previous week's revised figure of 625,000, nearly matching analysts' expectations.
You must be joking?

You do realize that job loss for May is somewhere in the range of 500,000+?

Also, April's job loss figure was revised - up approx 65,000.
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Old 06-04-2009, 07:25 AM
 
Location: SE Arizona - FINALLY! :D
19,868 posts, read 22,719,590 times
Reputation: 7167
Quote:
Originally Posted by bls5555 View Post
Business News | Financial News | Personal Finance | Stock Market Quotes | Commodities Market | Currency Market - FOXBusiness.com



You have to actually CHECK to see if they are reporting it. God forbid you check Fox though as claims of bias couldn't be used anymore.
I DID check FOX News - I just didn't look beyond the headline page - which admittedly I should have done. Clearly FOX News doesn't think it's important enough for the front page. God forbid they don't have room for their "Pop Tarts" section and other sex-related stories such as the one about Ex-Playmate Holly Madison's top falling off.


Ken
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Old 06-04-2009, 07:27 AM
 
Location: SE Arizona - FINALLY! :D
19,868 posts, read 22,719,590 times
Reputation: 7167
Quote:
Originally Posted by ergohead View Post
There are a lot of people unemployed who are no longer picked up on the
"roles", and the number is ever growing.
That IS true - but is always the case with any prolonged recession.
Still, this IS good news.

Ken
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