Continuing Jobless Claims Are Collapsing Since Trump

The last time there were fewer Americans claiming ongoing jobless benefits was 1973... 45 years ago!

 

And the collapse in continuing jobless claims has accelerated since Trump was elected...

As good as it gets?

Comments

spastic_colon Thu, 05/17/2018 - 08:38 Permalink

"the world needs lyft/uber drivers too............"

-Judge Smails circa 2018

PS - what happened to markets in '73-'74 again? This is a useless indicator when 1 person can count for 2 jobs.

FireBrander espirit Thu, 05/17/2018 - 08:47 Permalink

"Jobless Claims"...aka...an unemployment check.

Rules and regulation to this "insurance" for those of you not familiar.

If you lose a job, and do qualify for a check, it's not forever...and the amount payed makes the "welfare life" look far more appealing.

Health Costs folks...I see it all around me...people are making "employment decisions" based upon the cost of healthcare.

We're at the point where families in the lower ~40% of income brackets have to choose between:

A. Working full time, and a majority of their net pay (if not all; medical bankruptcies are thriving) being consumed by "health" bills.
B. Working, but little enough to keep them on Medicaid.
C. Not working at all and just going 100% welfare income...which is sizable...Medicaid alone is easily worth $16,000 a year if you never step foot in a doctors office...if you have health issues, it's worth double, triple that or more.

Which would you choose if you were the bottom strata of society? There always has, and always will be a bottom strata..we can't all own a business...someone has to clean the toilets...and we have not only failed those people, we've screwed what was once the "middle class".

If you want business to boom, if you want to shrink the welfare state, if you want to unleash entrepreneurs, SHAKE/BUST UP THE CRIMINAL "HEALTH INDUSTRY".

In reply to by espirit

pods FireBrander Thu, 05/17/2018 - 10:40 Permalink

Around me there must be a LOT of guys with small wankers. Loaded pickups that look like they have never seen rain, nevermind dirt, sand, or cement. Bedliners that you could eat off of.

I guess everyone has both parents with a job outside the house?  idk.

Everyone seems to drive simply to take their chilluns to school. On days with light traffic I ask my wife, and more times than not it's some no school day.

pods

In reply to by FireBrander

Silver Savior FireBrander Thu, 05/17/2018 - 10:34 Permalink

Well I have to say if I had to make a choice due to health Care I would just go on welfare. What good would it do to have to pay most of my paycheck to healthcare when I could get it for free by filling out some forms. 

Some of the people who tell me what they pay for healthcare every month make me wonder why they even work at all. 

I have chosen to just skip the bullshit and be a self payer. Self payers even get a 79% discount right off the top at least in the impoverished rual area I am from. 

A lot of bullshit regarding insurance going around. It's a money pit.

In reply to by FireBrander

24Richie spastic_colon Thu, 05/17/2018 - 10:44 Permalink

Jobless Claims are not reduced if people work multiple jobs. The BLS Jobs count is enhanced when 1 person has multiple jobs because the Establishment Report counts jobs not people working which is in the Household Survey. If someone held multiple Jobs that would presumably increase the number of people unemployed (assuming that an unemployed person took that job instead) not decrease it.  BTW the number of multiple jobholders has decreased since February.

In reply to by spastic_colon

Froman spastic_colon Thu, 05/17/2018 - 11:25 Permalink

A looper, you know, a caddy, a looper, a jock. So, I tell them I'm a pro jock, and who do you think they give me? The Dalai Lama, himself. Twelfth son of the Lama. The flowing robes, the grace, bald... striking. So, I'm on the first tee with him. I give him the driver. He hauls off and whacks one - big hitter, the Lama - long, into a ten-thousand foot crevasse, right at the base of this glacier. Do you know what the Lama says? Gunga galunga... gunga, gunga-lagunga. So we finish the eighteenth and he's gonna stiff me. And I say, "Hey, Lama, hey, how about a little something, you know, for the effort, you know." And he says, "Oh, uh, there won't be any money, but when you die, on your deathbed, you will receive total consciousness." So I got that goin' for me, which is nice.

In reply to by spastic_colon

Silver Savior Four Star Thu, 05/17/2018 - 10:22 Permalink

The problem is it's been a recession since the year 2000. A slow steady decline in just about everything but highly masked. I can think of a lot of things that have changed all for the worse.

People in general used to be a lot happier and care free too. Now it's fear, living on the financial brink, no time to really relax.

Hardly anyone even goes out anymore. I know I stopped because some weekend nights you could go out and only see a trickle of people. It did not used to be like this. You can just feel the tension these days.

In reply to by Four Star

pods Silver Savior Thu, 05/17/2018 - 10:47 Permalink

It is palpable to me, but I have learned to watch for things like that.

And even in the land of milk and honey (where I live) I see a lot of hunched forward shoulders, heads down, etc.  I used to only see that when I went back up to Upstate NY in November.

Whether or not people will really know they are in a steep depression, idk. Judging by the amount of NFLX and FB subscribers, probably not. When booze/drugs and those digitally constructed facades no longer make up for real happiness the anger will come out.

pods

In reply to by Silver Savior

FireBrander Philo Beddoe Thu, 05/17/2018 - 09:10 Permalink

“We have the greatest economy, maybe ever in history. The greatest economy we have ever had"

That's what we call Cheerleading; seriously dedicated leadership to stare into the face of hopeless failure and pronounce success.

What is he suppose to say? "Everything sucks, you're all fucked! Good day!"?

Trumps in the same position as the coach of the Cleveland Browns football team; ya gotta talk positive and give people hope...no hope, no future.

In reply to by Philo Beddoe

tmosley FireBrander Thu, 05/17/2018 - 09:26 Permalink

It's a common Trump persuasion tactic. Be directionally accurate, but exaggerate so much that everyone goes to fact check you. Then they see that while the economy (or whatever) isn't doing as well as he said, it IS doing better. This makes them remember it.

In reply to by FireBrander

buzzsaw99 DingleBarryObummer Thu, 05/17/2018 - 08:46 Permalink

sure, trump, whatever you say. 

i remember when for $0.19 per gallon someone would pump my gas and wash my windshield.  The newspaper landed on my porch, thrown by a bike riding kid with a good arm.  Now an adult drops it into the gutter as he drives by in his pos car.  Lawn mowing is considered a full time adult occupation.  sure trump, things are great.

In reply to by DingleBarryObummer

buzzsaw99 Philo Beddoe Thu, 05/17/2018 - 08:58 Permalink

i say "pump my gas" but i was a kid at the time.  still holds.  I remember delivering papers with a friend of mine on the coldest day (day, read: 4 a.m. in the dark) of the year in michigan.  he earned every penny of that money.  now they just give the fucking money away to assholes rich and poor while the working class gets fucked.

In reply to by Philo Beddoe

Philo Beddoe buzzsaw99 Thu, 05/17/2018 - 09:12 Permalink

Yep another way the youts are getting fucked. How they fuck are they gonna learn the pride you get from earning your own money and having a little more than the next kid because you can get off your ass? 

I think some jobs for kiddies still exist. Problem is I think a lot of kids today that are of the same economic background that I come from do not need to or want to take these jobs because Mommy and Daddy buy all their shit. 

Kinda fucking stupid parenting if the point is to raise an independent kid. But who the fuck am I to judge?

In reply to by buzzsaw99

buzzsaw99 Philo Beddoe Thu, 05/17/2018 - 09:26 Permalink

four or five years ago a kid and his younger sister, believe it or not, rang my doorbell with snow shovels over their shoulders.  the snow on my drive would have melted in a day or so but i jumped at the offer anyway just because that never happens anymore.  that was the last time anyone came by the house wanting to work.  all the rest (mostly adults) just want to sell me something.

In reply to by Philo Beddoe

Kidbuck Roacheforque Thu, 05/17/2018 - 09:55 Permalink

 

This shit, unemployment, student loans, big government and destroyed families, is all connected.

In my neighborhood of Florida lawn service costs $100 per month. 95% of my neighbors are too old and decrepit to mow their own lawns. That $100 is well spent.  As their families have deserted them or vice versa, because who needs your children when you have social security - that lawn service keeps them out of the nursing homes. The neighbors are all nearer the median income than the top 1%. 

Yes, lawn mowing is a full time occupation here because it is a year round job and teenagers are required to be in school more than half the year. Mandatory "education," as if working is not important education, was a union and leftist scheme to remove teenagers from competing for jobs and thus lower the unemployment statistics. This is also the reason government has pushed young people to stay in school forever on government loans. It keeps a shitload of youngsters off the employment/unemployment rolls.

In reply to by Roacheforque

Kidbuck Roacheforque Thu, 05/17/2018 - 09:55 Permalink

 

This shit, unemployment, student loans, big government and destroyed families, is all connected.

In my neighborhood of Florida lawn service costs $100 per month. 95% of my neighbors are too old and decrepit to mow their own lawns. That $100 is well spent.  As their families have deserted them or vice versa, because who needs your children when you have social security - that lawn service keeps them out of the nursing homes. The neighbors are all nearer the median income than the top 1%. 

Yes, lawn mowing is a full time occupation here because it is a year round job and teenagers are required to be in school more than half the year. Mandatory "education," as if working is not important education, was a union and leftist scheme to remove teenagers from competing for jobs and thus lower the unemployment statistics. This is also the reason government has pushed young people to stay in school forever on government loans. It keeps a shitload of youngsters off the employment/unemployment rolls.

In reply to by Roacheforque

KarlGDenninger Thu, 05/17/2018 - 08:42 Permalink

Economy has more room to run...without a doubt. I see it on the streets in poor area's. People getting off the bus with construction uniforms on and people getting on with smocks...etc.. Economy is really doing great have not seen it like this since the late 80's. The only thing than can stop it is a bunch of rate hikes. As more income comes online from people working, more is getting bought. 

We definitely can stay like this for another 18-24 months. But the next recession is going to be brutal because we cannot use debt to stem it off or relieve it. Good luck timing it. When I start seeing people move into the nieghborhood with interest only loans ill know its time.