Jobless Claims Rise to Highest Level in 9 Months

  • Posted by a hidden member.
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    Aug 19, 2010 5:34 PM GMT
    Sources:

    http://finance.yahoo.com/news/Jobless-claims-rise-to-apf-896075528.html?x=0&.v=2

    http://www.cnbc.com/id/38768328
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    Aug 19, 2010 5:51 PM GMT
    southbeach1500 saidYeah, a few months ago the Democrats were touting the rise in jobless claims as proof that their economic recovery plans were working! icon_rolleyes.gif


    I thought that they said lingering unemployment levels wasn't necessarily an indication that the recovery isn't taking place, but it's kind of hard to keep singing that tune when unemployment keeps getting WORSE as opposed to stagnant.
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    Aug 19, 2010 9:21 PM GMT
    ...because you can have a jobless recovery, especially in a global economy where work can be shifted off shore very easily. We could start with call centers, for example.

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    Aug 19, 2010 9:47 PM GMT
    Thus the gaps in income and wealth grow.
  • Posted by a hidden member.
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    Aug 19, 2010 9:52 PM GMT
    i want to be the dooms day yak. alpacas are very cute, but yaks are so butch.
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    Aug 19, 2010 9:56 PM GMT
    dancerjack saidi want to be the dooms day yak. alpacas are very cute, but yaks are so butch.


    icon_lol.gif
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    Aug 19, 2010 9:58 PM GMT
    Oh, and thanks George! You did one heck of a job while in office. icon_confused.gif
  • SkyMiles

    Posts: 963

    Aug 19, 2010 10:02 PM GMT
    Wall Street's on a 'capital strike' until someone they like gets elected president. The recession can't end until the money the major banks and investment firms are holding onto starts flowing again.
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    Aug 19, 2010 10:03 PM GMT
    dancerjack saidi want to be the dooms day yak. alpacas are very cute, but yaks are so butch.


    IT doesn't flow as well :/

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    Aug 19, 2010 10:07 PM GMT
    reppaT saidOh, and thanks George! You did one heck of a job while in office. icon_confused.gif


    miss_me_yet.jpg
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    Aug 19, 2010 10:29 PM GMT
    Colbert_Nation saidWall Street's on a 'capital strike' until someone they like gets elected president. The recession can't end until the money the major banks and investment firms are holding onto starts flowing again.


    Now, now. We won't have any of that kind of talk in this thread.

    Wall Street promised the Obama administration that, if Obama proceeded with Bush's TARP, it would open the spigots and let that liquid flow into the consumer and SMB markets like sweet, sweet wine.

    Can you taste the wine? I can, and it tastes like

    2317176988_afebb887cd.jpg

    which is appropriate considering it's all that 80% of America seems to be able to afford right now.
  • solak

    Posts: 493

    Aug 19, 2010 10:36 PM GMT
    reppaT saidOh, and thanks George! You did one heck of a job while in office. icon_confused.gif


    oh, oh, oh I wanna play..

    http://blamebush.typepad.com/

    FREE RUBBERS for all!


    cartoon-blame-bush-alg-500.jpg


    not sure which is funnier, his postings, or the fact that the satire goes over many of the readers' heads. icon_lol.gif


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    Aug 19, 2010 10:39 PM GMT
    southbeach1500 saidYeah, a few months ago the Democrats were touting the rise in jobless claims as proof that their economic recovery plans were working! icon_rolleyes.gif


    Read the story. No, don't. Here's a pertinent part.

    "...Dye said claims showed a similar pattern in the last two recoveries, but eventually began to fall again. The current elevated level of claims is a sign that employers are reluctant to hire until the rebound is well under way. That's what happened after the 1991 and 2001 recessions, which were dubbed "jobless recoveries."

    Economists caution that more than 350,000 temporary census jobs ended in recent months, and those workers could be applying for benefits. Congress also recently restored an extended unemployment benefits program, which can sometimes spike claims....."

    You'll also read that the jobless claims (not necessarily the same as the unemployment rate) peaked in March 2009 at 625,000. They just rose to 500,000 in the latest statistics.

    Hmmm. On the one hand we have 625,000....on the other hand 500,000.

    On the one hand we have the jobless claims essentially related to the Bush economy. On the other hand we have the current numbers.

    Hmmmmm. What should we infer from this decrease of 125,000 jobless claims since Obama took over?

  • Posted by a hidden member.
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    Aug 19, 2010 10:42 PM GMT
    Ah, the American economy under Obama. I suppose there are some who think it should be the paradigm for every world economy.

    Truthfully it is on track based on what one would expect from an Obama led federal government.
  • Webster666

    Posts: 9217

    Aug 19, 2010 10:46 PM GMT
    WOW, IT LOOKS LIKE THE REPUBLICANS DID A MUCH BETTER JOB OF DESTROYING OUR ECONOMY THAN ANYBODY THOUGHT.

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    Aug 19, 2010 10:49 PM GMT
    Webster666 saidWOW, IT LOOKS LIKE THE REPUBLICANS DID A MUCH BETTER JOB OF DESTROYING OUR ECONOMY THAN ANYBODY THOUGHT.



    But I thought rick said the bush recession is over and now we are in recovery?
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    Aug 19, 2010 10:55 PM GMT
    The paradox for the current administration is they love jobs but hate job makers.
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    Aug 19, 2010 11:04 PM GMT
    southbeach1500 said
    mocktwinkie said
    southbeach1500 saidYeah, a few months ago the Democrats were touting the rise in jobless claims as proof that their economic recovery plans were working! icon_rolleyes.gif


    I thought that they said lingering unemployment levels wasn't necessarily an indication that the recovery isn't taking place, but it's kind of hard to keep singing that tune when unemployment keeps getting WORSE as opposed to stagnant.

    Right.

    If it was a "good sign" earlier in the year, does one expect that if this kind of "good news" continues month after month, year after year, decade after decade that it proves that we have a good economy?

    Kind of like Madame Pelosi's statement that the more the government pays out in unemployment checks, the better it is for the economy because it is "the best kind of stimulus" out there.



    Thats the liberal plan, steal from the sucessful workers and give it to the lower class, that way they will spend it on products. It doesn't matter if they have jobs. Hey why doesn't everyone just start voting Democrat its a lot easier than working.
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    Aug 19, 2010 11:17 PM GMT
    automotivator_clinton_missmeyet21.jpg
  • 10sboySF

    Posts: 32

    Aug 19, 2010 11:21 PM GMT
    Webster666 saidWOW, IT LOOKS LIKE THE REPUBLICANS DID A MUCH BETTER JOB OF DESTROYING OUR ECONOMY THAN ANYBODY THOUGHT.



    icon_razz.gif
  • Posted by a hidden member.
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    Aug 19, 2010 11:25 PM GMT
    southbeach1500 said
    Oh... and yeah, it's the Bush economy... nothing to do with the Democrat controlled Congress from 2006-2008.... right....



    Source: Bureau of Labor Statistics

    Unemployment Rate:

    Bush Takes Office, 2001, 3.7%
    Bush Leaves Office, Dec 31, 2009, 8.5%

    Obama Takes Office, January 1, 2009, 8.5%
    July 1, 2010, 9.6%

    Greatest Change in Unemployment Rate
    Start to Finish of Term
    Bush Sr. +1.6%
    Clinton -3.2%
    Bush Jr. +4.8%

    Greatest Spinners, RJ, Of All Time: southbeach and solak

    http://www.google.com/publicdata?ds=usunemployment&met=unemployment_rate&tdim=true&dl=en&hl=en&q=unemployment+rate
  • solak

    Posts: 493

    Aug 19, 2010 11:26 PM GMT
    MissMeYet1.jpg
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    Aug 19, 2010 11:29 PM GMT
    solak saidMissMeYet1.jpg


    Thank goodness that the Constitution does exist and the judiciary is actually forcing certain states to adhere to it.

    So, the Constitution is healthy and never went anywhere, Mr. Faceless Shrouded Profile.
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    Aug 19, 2010 11:52 PM GMT
    southbeach1500 said
    10sboySF said
    Webster666 saidWOW, IT LOOKS LIKE THE REPUBLICANS DID A MUCH BETTER JOB OF DESTROYING OUR ECONOMY THAN ANYBODY THOUGHT.



    icon_razz.gif

    It's quite disheartening to see someone so young (10sboySF) already brainwashed into thinking that Democrats=Good for Gays, Republicans=Bad for Gays.

    10sboySF, it was the Congress that caused the series of events that precipitated the recent crash into recession.

    And the Congress was controlled by Democrats.



    Almost all young gays are democrats from lack of understanding. To them republicans = religious people not wanting gays to have rights and democrats = accepting of everyone.

    You should visit Madison WI some time and see what I have to contend with -- it's like one of the most liberal cities in the US. That being said, I'm not always talking about politics in real life like I do here.
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    Aug 19, 2010 11:58 PM GMT
    mocktwinkie said
    southbeach1500 said
    10sboySF said
    Webster666 saidWOW, IT LOOKS LIKE THE REPUBLICANS DID A MUCH BETTER JOB OF DESTROYING OUR ECONOMY THAN ANYBODY THOUGHT.



    icon_razz.gif

    It's quite disheartening to see someone so young (10sboySF) already brainwashed into thinking that Democrats=Good for Gays, Republicans=Bad for Gays.

    10sboySF, it was the Congress that caused the series of events that precipitated the recent crash into recession.

    And the Congress was controlled by Democrats.



    Almost all young gays are democrats from lack of understanding. To them republicans = religious people not wanting gays to have rights and democrats = accepting of everyone.

    You should visit Madison WI some time and see what I have to contend with -- it's like one of the most liberal cities in the US. That being said, I'm not always talking about politics in real life like I do here.




    Most younger people in general vote Democrat, not just younger gays. I did when I was in college, although I changed to being a Libertarian while in graduate school. This is very common, but after they get out into the real world and get jobs, they begin to realize that they work too hard for their money to give it to the government, where it will just be thrown away on failed social programs.