New jobless claims rise more than expected (unemployment, Congress, Pelosi) - Politics and Other Controversies -Democrats, Republicans, Libertarians, Conservatives, Liberals, Third Parties, Left-Wing, Right-Wing, Congress, President - City-Data Forum

Bjorn_Ironside32 · 10-01-2009, 09:14 AM

WASHINGTON - First-time claims for jobless benefits rose more than expected last week in the U.S., a sign employers are reluctant to hire and the job market remains weak.

The Labor Department says initial claims for unemployment insurance rose to a seasonally adjusted 551,000 from 534,000 in the previous week. Wall Street economists expected an increase of 5,000, according to a survey by Thomson Reuters.

Ohio reported one of the largest drops in claims.

New jobless claims rise more than expected - Stocks & economy- msnbc.com

summers73 · 10-01-2009, 09:21 AM

Change! Oh, and uh "Bush's fault", dooooooode.

oz in SC · 10-01-2009, 09:26 AM

Something to watch out for is 'seasonally adjusted' figures because the BLS factors in that work category ' X ' will provide ' X ' amount of jobs when the truth is not so anymore.

This adjustment was based upon good economic conditions.

AeroGuyDC · 10-01-2009, 09:27 AM

Put in perspective, 550K new unemployment claims for a single week is staggering in my opinion. That's a crapload of people with pink slips for a 7 day period.

irspow · 10-01-2009, 09:31 AM

No, wait! The funniest part about all of this is going to occur later when claims fall off because no one has a job to lose anymore. Then the idiots who thought running Bernanke's counterfeit presses can do anything will claim that the economy is doing great. The economy is doing great though, all of that pretty fiat currency went to the friends of the Morgan Reserve at the expense of the falling dollar that the rest of us have. Ah, what a wonderful time to be a money changer in world history...

cleanhouse · 10-01-2009, 09:35 AM

Thank God Congress passed that stimulus.

Bjorn_Ironside32 · 10-01-2009, 09:39 AM

Change we can all believe in,

.

mpyne · 10-01-2009, 09:57 AM

"The number of people remaining on the rolls fell 70,000 to 6.09 million, the lowest level since the week of April 4."

They fail to mention the reason is people who were receiving their tier 2 extension ran out of benefits.

01Snake · 10-01-2009, 10:00 AM

You're doing a heck of a job Mr. President.

Jadex · 10-01-2009, 10:09 AM

Thank Gawd Pelosi and others got a raise