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Old 06-24-2021, 08:02 AM
 
Location: A Beautiful DEEP RED State
5,632 posts, read 1,768,762 times
Reputation: 3902

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We are getting one bad jobs report after another when we should be having the greatest jobs reports of all time coming out of a pandemic.

Another bad jobs report CNBC

"Jobless claims hold above 400,000 for the second week in a row"
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Old 06-24-2021, 08:03 AM
 
21,933 posts, read 9,503,108 times
Reputation: 19456
I guess it's the natural, logical outcome of paying people not to work. Too bad Democrats can't understand basic Economics.
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Old 06-24-2021, 08:09 AM
 
Location: A Nation Possessed
25,742 posts, read 18,809,520 times
Reputation: 22588
I'm surprised anyone in the news media is reporting anything that makes the royalty look bad. The media is in a wonderful place (for them) where they can report anything they like, be it true or the worst lie, and everyone accepts it as unshakable truth. Why didn't they do what they usually do and say that we are all walking down a path strewn with roses?
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Old 06-24-2021, 09:11 AM
 
23,974 posts, read 15,082,290 times
Reputation: 12952
My morning paper carried an article about white collar employees resigning.
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Old 06-24-2021, 09:20 AM
 
45,676 posts, read 24,012,426 times
Reputation: 15559
The number of Americans applying for unemployment benefits dropped last week, a sign that layoffs declined and the job market is improving. The Labor Department said jobless claims declined just 7,000 from the previous week to 411,000.

https://www.reuters.com/business/us-...64-2021-06-24/
U.S. weekly jobless claims fall; spending on equipment strong

Jobless claims last December 2020 787,000
Jobless claims this week 411,000
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Old 06-24-2021, 09:23 AM
 
Location: Home, Home on the Front Range
25,826 posts, read 20,703,250 times
Reputation: 14818
Quote:
Originally Posted by crone View Post
My morning paper carried an article about white collar employees resigning.
Lots of that happening.
Lots of people creating their own businesses too. A record number, in fact.

Anyway, per the OPs link, continuing claims are down so that's positive. Still trying to find out which sectors are laying people off, particularly in Pennsylvania which had the highest number of new claims, with everything opening up.
Anyone know?
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Old 06-24-2021, 10:49 AM
 
Location: A Beautiful DEEP RED State
5,632 posts, read 1,768,762 times
Reputation: 3902
Quote:
Originally Posted by moneill View Post
The number of Americans applying for unemployment benefits dropped last week, a sign that layoffs declined and the job market is improving. The Labor Department said jobless claims declined just 7,000 from the previous week to 411,000.

https://www.reuters.com/business/us-...64-2021-06-24/
U.S. weekly jobless claims fall; spending on equipment strong

Jobless claims last December 2020 787,000
Jobless claims this week 411,000
You obviously have not been paying attention. The Biden administration is regularly missing analysts expectations.

We should be doing much better than we are given we are exiting a pandemic and we have flooded the system with stimulus.

This is starting to look even worse than the turtle slow recovery Obama stuck us with.
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Old 06-24-2021, 10:49 AM
 
Location: Metro Detroit, Michigan
29,823 posts, read 24,908,096 times
Reputation: 28520
The economy is going to sleep. A reflection of our current administration and leadership. This wouldn't be happening if Trump was president. Elections have consequences...
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Old 06-24-2021, 11:08 AM
 
Location: Land of the Free
6,741 posts, read 6,730,607 times
Reputation: 7590
Full report here: https://www.dol.gov/ui/data.pdf

Non seasonally adjusted data shows a drop from 407k to 393k. Due to COVID messing with trends, the headline seasonally adjusted data doesn't mean as much as it would otherwise, and it's worthwhile to consider the non seasonally adjusted # as well.

California numbers still look bad due to the impact of lockdowns.
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Old 06-24-2021, 11:19 AM
 
Location: Wouldn't you like to know?
5,067 posts, read 1,666,549 times
Reputation: 3144
They have a long way to go to reach the 3.6% UE that was reported under the previous administration.
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