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Initial Claims Drop Near Cycle Low "As Good As It Gets" Levels
The flip-flopping noise of the initial claims data continues as last week's spike and miss is rebounded into this week's beat and drop. At 300k - down 27k from last week - initial claims are at their lowest since May 2007 - practically as good as it gets. Continuing claims continue to fall - now at 2.63 million - to the lowest in the cycle and lowest since Nov 2007. Continuing claims are falling at the fatest pace since 2010.
Initial claims near cycle lows...
As continuing claims plunges to cycle lows at the fastest pace since 2010...
Chart: Bloomberg
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Nice to see everyone working again to generate negative GDP.
Along with the increased suicide rate to help get those continuing claims down.
Great Economic Recovery.
The rich got richer due to the Federal Reserve Bank. That's about what happened the last 5 years or so.
What a shame.
Tyler, no mention that preliminary GDP is now contracting for the first time since 2009?
http://www.forexfactory.com/
I love gov'ment "data".....
Makes me feel all warm and fuzzy inside....
>_>
It is just simpler to keep the status quo of counting those on benefits as "unemployed". Those poor workers who are denied opportunity. Well you know. We don't want them to get in the way of our dear leaders lie of full employment now do we?
Why wouldn't continuing claims be falling? The federal extensions expired at the end of the year and haven't been renewed. There can't be continuing claims if there isn't anything to claim
Running out of people to fire, and people not able to find a job falling of the LTB. I love statistical data!
"I love statistical data!" - so do the data molesters.
I think it would be fair if data molesters were required to register.
and unemployment is 6-ish %
so everything is fine
Correct me if I am wrong...less jobs to lose implies lower claims. No?
"Correct me if I am wrong...less jobs to lose implies lower claims. No?"
please use bold text next time for emphasis....
What a big mess up, they fudged the numbers in the wrong direction!
I blame the Common Core Maffs
Get u some o that math.
Stady as she goes.
Ah yes sweet success!!
Disneyland
On LSD too!
Lowered continued claims is not necessarily good - If they exhausted their benefits with no extension, where do they turn? Answer is obvious and not good.
Record number and percentage of people on Disability - people get desperate even though we have the best economy ever. I mean look at the stock market, things must be great everywhere!
Right?...
It was a holiday on Monday
It's only a depression if you lose your job.
so the possible reason for the drop in c-claims is?
great time to buy a house, car and boat
Yeah! THIS time it's different!!1
GM car loan zero down zero interest 96 months (combine with $10,000 instant manufacturer's rebate).
Home Loan zero down 1.5% interest 600 months with "equity" cash-back for mini-yacht.
Notice the problem...
http://research.stlouisfed.org/fred2/graph/?g=BUC
We don't need no stinkin' jobs. Negative GDP!? Who cares? We gots USD/JPY/SPY baby!!
Thanks Janet/Benny/Greeny - you fucking clowns.
Phew, thank god it warmed up and people are now getting back to work. {S}
Yes, but soon people will be sweating and unable to shop with that 'climate change' thing going on.
Yellen already indicated that she undestands the total labour picture quite well. With that she hinted to resurrection of QE.
Why do intelligent investors and traders lose on financial markets? For example Myron Scholes and Robert Merton, 2 professors which got Nobel Prize in economics in 1997. One year later their hedge fund LTCM went bankrupt. Explanation is based on the results of the scientific experiment made on the University of Amsterdam. https://www.youtube.com/watch?v=DopyDIHEUBk
If you are not collecting unemployment benefits you are not counted as unemployed in this picture that is, "better than a thousand words."
Employers have many tools at their disposal to prevent laidoff workers from collecting unemployment benefits. Many employers discriminate against prospective hirees that have gaps in their employment filled with Unemployment compensation. Right to work laws make it easy for employers to prevent laid off workers from collecting UI. In right to work States employers can fire employees without reason. If you are fired, it is difficult and a long drawn out time consuming process to become eligible for unemployment benefits.
Regardless of your views on unemployment compensation, it is clear that, "right to work" should have been declared unconstitutional as it is the definition of a law that is misleading in its description. "Affordable Care Act" is another fine example of Orwellian doublespeak.
Gibberish, moron. U deflate us with your trash.
Like all people there are some who abuse the system and this includes employers and employees.
In my many years of employment I have seen far more lazy employees take advantage of the system and their employers. These 'employees' have it down to a science and work the prescribed number of hours and then promptly become a lump of useless flesh waiting for the inevitable layoff or firing so they can collect a UC check, while everyone else works to support them.
'Right to work' keeps those employees who want to work employed and the employer from going bankrupt fighting useless lumps of flesh.
I'm very disappointed in the twoayas. My experience of 34 years mostly commercial construction is that most people do not want a handout, they want the satisfaction that comes with completing goals. Most people become lazy and cynical because they are used to being treated like shit their whole lives. My experience is that most guys that I have had to try to get work out of are "break even guys" when I get them. They only do just enough to get by. I give my crews a goal and even if I have to kill myself to reach it I give them the credit, not the other way around. Sorry, I have a higher view of my fellow humans than to think that most are inherently "lazy lumps of useless flesh".
I agree that most people do in fact want to work and no where do I say "that most are inherently "lazy lumps of useless flesh"." I say that far more employees abuse their employers than vice-verse. Which really screws all of the other employees.
Reading comprehension 101
Here's how AP and the lame stream insti-spin this shite...
Applications for US jobless aid near 7-year low....."which shows strengthening in the labor market"....fucks....