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Topic:
Weekly initial jobless claims down 15k to 372,000
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Abaddon_Ambrosius
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
Weekly initial jobless claims down 15k to 372,000
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The line of people making their initial claims is down slightly. We are still in the zone where we are not creating more jobs than we are losing fast enough to make up for anything other than 'normal churn' of death, layoffs and retirement. To achieve that we'd have to get below 350,000 and stay there.
tl;dr -- we are still losing ground.
4 week moving average is down to 373,250.
OK, so now we're moving into the post-holiday period. There is often hiring during that season to handle shipping, retail, etc. We will see if even this poor lift was just seasonal, or if we'll just keep skipping along without improvement (or slide further).
Official U6 -- unemployed and underemployed -- should be reported within the next week. It will probably be slightly down given these numbers last month, but not much.
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In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
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Date Posted:
1/1/00 12:00am
Subject:
Weekly initial jobless claims down 15k to 372,000
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Thank you, I always appreciate any measurement of the pulse of the country.
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"Goddammit, Swearengen, I don't trust you as far as I could th'ow you, but I enjoy the way you lie."
I don't typo often, but when I do, I blame Swype.
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Abaddon_Ambrosius
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
Weekly initial jobless claims down 15k to 372,000
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I'd love to see this spike down to 250k or so and watch U6 drop from 15-ish to 12-ish.
But I don't think that'll happen any time soon.
I've been listening to so many analysts talk about the housing overhang and the commercial real estate overhang, paired with the student loan mess, that I am starting to wonder if we won't be deleveraging as a society for a whole generation. Crushing the middle class as we go.
-----signature-----
In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
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Elkad
Title: aka Ebenezer
Posts: 407
Registered: 2003-9-11 22:20:55
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Date Posted:
1/1/00 12:00am
Subject:
Weekly initial jobless claims down 15k to 372,000
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I know the "seasonal adjustment" is usually fairly accurate. But it doesn't feel like it.
535k actual claims.
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"I would rather be exposed to the inconveniences attending too much liberty, than those attending too small a degree of it." - Thomas Jefferson
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Moe_Nox
Title: In Moe We Trust
Posts: 1,962
Registered: 2007-2-4 12:17:56
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Date Posted:
1/1/00 12:00am
Subject:
Weekly initial jobless claims down 15k to 372,000
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So if no jobs are being created, and the unemployment numbers are going down, the question is: What is happening to the jobless?
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The Nanny State cometh
Currency should be bacon cheeseburgers and blow jobs... - Reese
Life at the Outpost: http://www.collegehumor.com/video:1771556
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Bonzoboy1
Posts: 885
Registered: 2008-8-1 18:04:29
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Date Posted:
1/1/00 12:00am
Subject:
Weekly initial jobless claims down 15k to 372,000
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Moe_Nox posted:
So if no jobs are being created, and the unemployment numbers are going down, the question is: What is happening to the jobless?
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Politicians are like diapers, they should be changed often and for the same reason.
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theredkay1
Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
Weekly initial jobless claims down 15k to 372,000
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Elkad posted:
I know the "seasonal adjustment" is usually fairly accurate. But it doesn't feel like it.
535k actual claims.
It was 579k at the same point last year. And 650k the year before.
Things are certainly improving. Slowly.
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GrilledCheez
Title: The Lord's Balls
Posts: 1,060
Registered: 2006-3-22 11:06:32
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Date Posted:
1/1/00 12:00am
Subject:
Weekly initial jobless claims down 15k to 372,000
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theredkay1 posted:
Elkad posted:
I know the "seasonal adjustment" is usually fairly accurate. But it doesn't feel like it.
535k actual claims.
It was 579k at the same point last year. And 650k the year before.
Things are certainly improving. Slowly.
only liberals could call a situation where more people are out of work this month than last month an improvement.
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Another word for expensive is successful.
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Abaddon_Ambrosius
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
Weekly initial jobless claims down 15k to 372,000
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Indeed. Things aren't "improving slowly."
They are simply "declining at a somewhat slower pace". 
-----signature-----
In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
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GrilledCheez
Title: The Lord's Balls
Posts: 1,060
Registered: 2006-3-22 11:06:32
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Date Posted:
1/1/00 12:00am
Subject:
Weekly initial jobless claims down 15k to 372,000
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Abaddon_Ambrosius posted:
Indeed. Things aren't "improving slowly."
They are simply "declining at a somewhat slower pace".
This line of argument is just another variation of, "IT COULD HAVE BEENA LOT WORSE!"
It is the dems primary argument. I'm not even sure what they would say if they actually did something successful at anything.
-----signature-----
Another word for expensive is successful.
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