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Initial Claims: 500K! Expectations Of 478K, Previous Revised To 488K, 300K+ Weekly Increase In Extended Aid Recipients
Welcome to the half a century. Treasuries surge. Futures plummet. Can't wait for Rosie's note.... Or Liesman's spin
Continuing claims at 4.478MM on expectations of 4.5MM; previous 4.452MM revised to 4.491MM.
Those receiving Extended Benefits and EUCs increased by over 300k (+49,229 and +260,105) week over week
However, don't panic - the depression may be over... in 2099.
And here is a chart of jobless claims (SA) which are now back to November 2009 levels.
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And while America's NerObama plays, America's Rome burns:
http://www.telegraph.co.uk/news/worldnews/northamerica/usa/barackobama/7...
But no worry. He's taking Michelle Antoinette with him! "Let them eat cake, anyone?"
Sb, what gives... you've been here long enough to know the correct answer was:
"Let them eat crabcake, Bitches"..... sigh..... gotta tie all the loose ends together....
hope you don't mind the tease.... CB
Frankly, who gives a flying fuck what Obama does or doesn't do? Are you really that ignorant that you don't see that he's just a fucking puppet? Seriously people, we should be beyond this level by now. Presidents are roughly as powerful as TV news anchors. Get your head out of your ass, turn off the TV and Radio, and educate yourself on what the fuck is really going on. Then come back and rejoin the rest of us who are seeing the forest for the trees.
Harsh but true. +1
+2
Just to give the unadjusted look (not a fan of how SA is calculated):
"The advance number of actual initial claims under state programs, unadjusted, totaled 401,856 in the week ending Aug. 14, a decrease of 22,650 from the previous week. There were 457,985 initial claims in the comparable week in 2009."
Note that the normal range since 1980 around this time of year is in the 250K-280K range.
THE NEXT LEG DOWN ...
http://stockmarket618.wordpress.com
Also:
http://www.bls.gov/news.release/empsit.nr0.htm
"About 2.6 million persons were marginally attached to the labor force in July,
an increase of 340,000 from a year earlier. (The data are not seasonally ad-
justed.) These individuals were not in the labor force, wanted and were avail-
able for work, and had looked for a job sometime in the prior 12 months. They
were not counted as unemployed because they had not searched for work in the
4 weeks preceding the survey."
There are certainly a lot of details like that to take into consideration.I read and understand the entire article and I really enjoyed it to be honest.
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