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Old 12-15-2011, 03:42 PM
 
Location: Albuquerque
5,548 posts, read 15,095,193 times
Reputation: 2738

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Jobless claims fall to lowest level since 2008
Requests for U.S. unemployment benefits drop 19,000 to 366,000
Jobless claims fall to lowest level since 2008 - Economic Report - MarketWatch

First-time applications for unemployment compensation declined by 19,000 to a seasonally
adjusted 366,000, putting claims at the lowest level since the middle of the 2007-2009 recession.

Wouldn't one expect this to happen sooner or later?

That is; the employment rate as opposed to the unemployment rate has been dropping
for a few years now. As this happens, the pool of people who could possibly claim
1st time unemployment benefits is dropping. There are less people that can be laid off.
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Old 12-15-2011, 04:14 PM
 
16,811 posts, read 15,123,624 times
Reputation: 10250
Perhaps the reasons:

Some committed suicide.

Some gave up completely.

Some moved back in with families.

Some lost all hope and moved into shelters.

Some found part time jobs with no benefits and no medical insurance.


I don't think it's as "rosey" as some predict.

When (more) homes start selling, (more) banks start lending, layoffs stop happening so much...(more employers open their wallets) I will believe it's really happening.

I see small spurts of improvement but wonder if the job spikes are linked to holiday retail?

The real view would be mid January, when most retailers have let holiday workers go...
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Old 12-15-2011, 04:53 PM
 
Location: home state of Myrtle Beach!
6,587 posts, read 20,950,679 times
Reputation: 3889
At that rate you are talking about 19 million people filing for benefits in a year. Thats good? NOT; sure it could be more but its still too high so quit trying to develop a spin that this is GOOD!
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Old 12-15-2011, 04:56 PM
 
831 posts, read 2,664,081 times
Reputation: 728
Quote:
Originally Posted by WannaliveinGreenville View Post
Perhaps the reasons:


Some found part time jobs with no benefits and no medical insurance.
That's me.
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Old 12-15-2011, 05:15 PM
 
Location: Albuquerque
5,548 posts, read 15,095,193 times
Reputation: 2738
Quote:
Originally Posted by myrc60 View Post
... so quit trying to develop a spin that this is GOOD!
What are you talking about?
Quote:
Originally Posted by WannaliveinGreenville View Post
Perhaps the reasons:

Some committed suicide.
Some gave up completely.
Some moved back in with families. ...
You are stating reasons for not being counted in the unemployment rate.

The "Initial Claims" for unemployment are from workers who are freshly laid off.

My original post was reasoning that one would expect "Initial Claims" for unemployment
would drop since the pool of employed workers is shrinking. Even if layoffs were occurring
at the same rate, the "Initial Claims" should drop due to the lower population to draw from.

The news is trying to show this number as good news, when really, it is bad.
The number of employed workers is dropping as we ship jobs overseas.
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Old 12-15-2011, 06:51 PM
 
17,816 posts, read 23,397,884 times
Reputation: 36213
Well the state of Florida is now claiming they lead the nation in job growth. Because they opened a new theme park and employers are saying they're increasing hiring.

Well FL now has the "snowbirds" in the state, which could mean temporary work for the winter season.

According to the Bureau of Labor Statitics in the month of October FL came in at #2 spot(behind CA) for the most job losses.

Now in Dec they're saying they lead the nation in job growth.

I don't believe much of what I read.
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Old 12-16-2011, 11:38 AM
 
1,248 posts, read 3,877,368 times
Reputation: 874
Quote:
Originally Posted by WannaliveinGreenville View Post
Perhaps the reasons:

Some committed suicide.

Some gave up completely.

Some moved back in with families.

Some lost all hope and moved into shelters.

Some found part time jobs with no benefits and no medical insurance.


I don't think it's as "rosey" as some predict.

When (more) homes start selling, (more) banks start lending, layoffs stop happening so much...(more employers open their wallets) I will believe it's really happening.

I see small spurts of improvement but wonder if the job spikes are linked to holiday retail?

The real view would be mid January, when most retailers have let holiday workers go...
Will retailers really need to let holiday workers go?? Retail spending is up sharply across the board and most stores & restaurants are packed with 30 minutes just to pay or checkout common.
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