The number of Americans filing new claims for unemployment benefits fell sharply last week to the lowest level in more than four and a half years, according to government data on Thursday that suggested improvement in the labor market…
Initial claims for state unemployment benefits fell 30,000 to a seasonally adjusted 339,000, the Labor Department said.
It was the lowest number of new claims since February 2008, about a year before Obama took office in the midst of the global financial crisis…
A Labor Department analyst noted that seasonal factors had predicted a very large increase in claims last week, which he said would be typical for the first week of the calendar quarter. Unadjusted claims did rise, but far less than expected, resulting in the sharp drop in the seasonally adjusted figure…
Economists said the labor market was showing signs of getting stronger…
Economists polled by Reuters had forecast claims edging up to 370,0000 last week. The four-week moving average for new claims, a better measure of labor market trends, fell 11,500 to 364,000…
Recent data on the U.S. labor market has been encouraging.
Employers added a modest 114,000 jobs to their payrolls in September, but the unemployment rate dropped sharply to 7.8 percent, also the lowest level since Obama took office…
One under-reported aspect of times changing oh-so-slowly for the better is the strength of Keynesian measures. Even in the face of a dogpile of cowards and craven Congressional conservatives dragging their feet – that portion of stimulus measures that was able to be implemented continues to have an effect.
Romney thought they should have done something a lot nearer to a traditional bankruptcy. It would have saved the nation about 24 billion and kept GM from having to blow money on the Volt.
Ford didn’t need a bailout and neither did several other car companies now making cars in the US. That being the case the US auto industry was not saved by the bailout.
You are talking about only one part of the US auto industry, the part in the unionized upper Midwest.
And even then it is only 2/3 of the part of the US auto industry that is in the unionized upper Midwest.
The real auto industry bailout comes from gutting Obama’s rules calling for 54.5 MPG for cars and trucks.
True. Better approach: phase in a ten dollar a gallon gas tax and let the market respond as it will.
Don’t worry, the dollars to do that have already been printed.
And don’t forget you will get $10/loaf bread too.
Obama won’t answer questions about why he lied about Libya, but will he at least explain why he lied to Eideard about jobless claims?
Why? Eidard fooled himself!
We can give him a pass this time. It’s not everyday the government releases partial labor reports. Sure he wasn’t skeptical of data that helps his team, and didn’t automatically assume they were lying, but it takes time for him to catch on.
You’re too kind
Turns out the two posts can be linked together.
In the Ford town of Dearborn, you are interviewed by the police for displaying an Israeli flag.
http://blazingcatfur.blogspot.ca/2012/10/dearborn-fordson-high-school-principal.html
Biden claims its never been done before, but he voted for Reagan’s tax cuts in 1986. Top rate of 28%.
Actually another low number is the participation rate of Americans looking for work. Its the lowest in 30 years. Showing we have a lot of potential workers not looking for work anymore.
If they still were looking our unemployment rate is figured at about 11%. So no we are not improving we are simply playing with numbers here. Taking advantage of the fact the jobless people have stopped looking so they are not counted. How sad the Democrats use these numbers to show improvement.
The number you want to use was close to 20% at its worst so things have gotten better.
They’re getting desperate. I predicted they would try a fake assassination attempt to get reelected. I also thought they were incompetent and might get the Pres killed in doing so, as seen from their lousily forged birth certificate. Now, we see shots fired in Denver at Obama campaign headquarters, ‘coincidentally’ near Columbine. Best they could do, or trial run?
So how do they report a seasonally adjusted number? There is a precise number of jobless claims. With temperatures, they report on an anomaly basis, but here they are reporting an actual number.
Number is 388000 this week, after they fixed the California reporting problem. When are you going to post a correction?