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Applications for US jobless aid jump to 313,000

Tameamea

Tameamea

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Don’t want to be the party killer or positive idiot, just offering to discuss the current data. They say, the number of people looking for job has increased, and that’s a maximum since September. Among one of the reasons – the end of many seasonal jobs.
So, do you think it’s a bad sign and we need to worry? Especially in the context of president’s executive orders? Or is it just a normal thing, just a period?

The number of people seeking U.S. unemployment benefits jumped last week, pushing total applications above 300,000 for the first time in nearly three months.

Weekly applications rose 21,000 to a seasonally adjusted 313,000, the Labor Department said Wednesday. That’s the highest level since the first week of September. The four-week average, a less volatile measure, rose 6,250 to 294,000.

The increase is unlikely to raise concerns about the broader health of the job market. At least some of the rise occurred because of seasonal layoffs in businesses affected by the cold weather, such as construction. The department seeks to control for such seasonal factors but doesn’t always do so perfectly.

Applications had been under 300,000 for 10 straight weeks, an unusually low level that indicates companies are laying off fewer workers.

Even with last week’s increase, the overall level of applications is well below where it was 12 months ago. The four week average has tumbled 12.2 percent in the past year, and isn’t that far from a 14-year low of 279,000 reached last month
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Applications for US jobless aid jump to 313,000 - The Washington Post
 
Tameamea said:
Don’t want to be the party killer or positive idiot, just offering to discuss the current data. They say, the number of people looking for job has increased, and that’s a maximum since September. Among one of the reasons – the end of many seasonal jobs.
So, do you think it’s a bad sign and we need to worry? Especially in the context of president’s executive orders? Or is it just a normal thing, just a period?

Applications for US jobless aid jump to 313,000 - The Washington Post
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No problem unless one of the bubbles pops. Then it would pop too.
 
Tameamea said:
Don’t want to be the party killer or positive idiot, just offering to discuss the current data. They say, the number of people looking for job has increased, and that’s a maximum since September. Among one of the reasons – the end of many seasonal jobs.
So, do you think it’s a bad sign and we need to worry? Especially in the context of president’s executive orders? Or is it just a normal thing, just a period?



Applications for US jobless aid jump to 313,000 - The Washington Post
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Well, OBVIOUSLY Obama's destroying the American economy!
 
Fenton said:
He's definitely tried as hard as possible.
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Yeah! That's why we've had fifty-odd consecutive months of private-sector job growth - a RECORD, mind you. We've also had the slowest growth of government since Eisenhower, the lowest federal tax burden since Truman, and the Dow Jones has more than doubled and may well TRIPLE by the time Obama leaves office.

Yeah, he's really tried to destroy the economy, huh?

And remember the accusations of Obama's war on Big Oil? What are the prices of gas now? What nation is the world's biggest exporter of oil now?

That's why I keep saying that if he'd had an (R) behind his name, y'all would be clamoring for his face to be added to Mt. Rushmore. But since he's got that (D), well, THAT means he's out to destroy America!!!!
 
Glen Contrarian said:
Yeah! That's why we've had fifty-odd consecutive months of private-sector job growth - a RECORD, mind you. We've also had the slowest growth of government since Eisenhower, the lowest federal tax burden since Truman, and the Dow Jones has more than doubled and may well TRIPLE by the time Obama leaves office.

Yeah, he's really tried to destroy the economy, huh?

And remember the accusations of Obama's war on Big Oil? What are the prices of gas now? What nation is the world's biggest exporter of oil now?

That's why I keep saying that if he'd had an (R) behind his name, y'all would be clamoring for his face to be added to Mt. Rushmore. But since he's got that (D), well, THAT means he's out to destroy America!!!!
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LOL !!!

6 years in and the economy is still on life support. It STILL has to propped up with QE and low interest rates just so it can produce part time jobs.

Corporations would rather use their profits to buy up their excess over priced shares than risk their principle in Obama's economy. Banks have left over 3 Trillion in excess reserves at the FED because they're not stupid enough to risk the FED's free money in Obama's economy.

There hasn't been a level of excess reserves in decades. Banks would NEVER leave money laying around earning nothing.

They would invest it.....but there's nothing to INVEST in.

You know what Obama's produced ? More Poverty, dependency and mediocrity.
 
APACHERAT said:
This is normal every other year when a Democrat is in the White House.

Very puzzling why they report a decrease in unemployment claims just before November and an increase right after the elections.

It only happens when a Democrat is POTUS, really strange.
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Care to reflect on the total number of people receiving unemployment benefits?
 
Fenton said:
Banks have left over 3 Trillion in excess reserves at the FED because they're not stupid enough to risk the FED's free money in Obama's economy.

There hasn't been a level of excess reserves in decades. Banks would NEVER leave money laying around earning nothing..
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You clearly do not understand monetary policy. The fed, not banks, controls the level of excess reserves. It would be a good thing to understand the topics you choose to discuss.
 
Kushinator said:
Only in the minds of partisan republicans.
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Lol....

He passed a Health Care law that guaranteed unquantifiable higher cost on consumers and businesses years before its implementation.

Among other things he raised taxes on Capital and dividends because it was " fair ".

Look, Obama and the Democrats might have fooled YOU with their BS about lowering healthcare cost and premiums but not Corporations and Businesses ( or me ) who apparently just went into a holding pattern for the next 6 years waiting for the law to be implemented.

When was the last time Banks let excess reserves sit idle Kush ?

When was the last time Corporations chose to buy back their overvalued excess shares rather than risking their principle back into the American economy ?

6 years in and the economy is still so weak that banks and corporations wont dare risk their principle in any substantial amoubts via new investments that would create new jobs.

They would rather sit on it.

If you dont see that then perhaps your'e blinded by your own ideology.
 
Fenton said:
LOL !!!

6 years in and the economy is still on life support. It STILL has to propped up with QE and low interest rates just so it can produce part time jobs.

Corporations would rather use their profits to buy up their excess over priced shares than risk their principle in Obama's economy. Banks have left over 3 Trillion in excess reserves at the FED because they're not stupid enough to risk the FED's free money in Obama's economy.

There hasn't been a level of excess reserves in decades. Banks would NEVER leave money laying around earning nothing.

They would invest it.....but there's nothing to INVEST in.

You know what Obama's produced ? More Poverty, dependency and mediocrity.
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But at least it is a record. Six straight years of despair, low growth, unhappiness, anger, frustration, and now race riots. But at least it is a record.
 
Misterveritis said:
But at least it is a record. Six straight years of despair, low growth, unhappiness, anger, frustration, and now race riots. But at least it is a record.
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It is that.

And its all bad news for Liberals and progressives.

Its an undending example of just how incompetent their leaders have been.

How destructive their policies based on " fairness " have become.

One cumulative " Eff up " thats driving more and more voters to the right.

Gotta love what Obama's done for the Democrat brand.

He's destroyed it and every Left wing narrative tgat went along with it.
 
Fenton said:
He passed a Health Care law that guaranteed unquantifiable higher cost on consumers and businesses years before its implementation.
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Every time I read you repeat this bit of nonsense, I just wonder how it is that logic escapes you, that you can be in a discussion on economics and claim that it is impossible to calculate a cost from a past policy. I'm wondering, what other past policy actions are "unquantifiable", and if they exist, do you think that arguing from an unknown is sustainable?
 
Fenton said:
It is that.

And its all bad news for Liberals and progressives.

Its an undending example of just how incompetent their leaders have been.

How destructive their policies based on " fairness " have become.

One cumulative " Eff up " thats driving more and more voters to the right.

Gotta love what Obama's done for the Democrat brand.

He's destroyed it and every Left wing narrative tgat went along with it.
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it's a record of record-high stock market #s, and increased wealth disparity.
yes, such a liberal.
 
joG said:
No problem unless one of the bubbles pops. Then it would pop too.
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One of the many, yes. They're among the surprises I anticipate on a daily basis when I first turn on the news. It's coming, I just don't when, but the iceberg is nonetheless there.
 
Tameamea said:
Don’t want to be the party killer or positive idiot, just offering to discuss the current data. They say, the number of people looking for job has increased, and that’s a maximum since September. Among one of the reasons – the end of many seasonal jobs.
So, do you think it’s a bad sign and we need to worry? Especially in the context of president’s executive orders? Or is it just a normal thing, just a period?



Applications for US jobless aid jump to 313,000 - The Washington Post
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'Ya know, people are going to blame Obama, and if a Republican gets in the White House, people will also be blaming him for a slow recovery. But the biggest fact is that Americans want a quick fix where no quick fix is available. When the stock market crashed in 1929, America did not fully recover until about 1953. This economic problem is here to stay for a generation. There are no magic bullets.
 
Most economists probably look at this more as a warning indication for investors than some overall concern about the status of the economy. If you look at the longer trend and 4 week average we are still headed in a better direction and far better off than where we were a year ago. The other thing to keep in mind is we usually have an end of year jump of some degree for all sorts of reasons. The graph also shows that.

What I would not do is jump to some conclusion that this one jump to 313,000 means we have a huge problem.

image.webp
Source... Labor Department graph supplied by a MarketWatch article.
http://www.marketwatch.com/story/jobless-claims-surge-to-11-week-high-2014-11-26
 
Gimmesometruth said:
Every time I read you repeat this bit of nonsense, I just wonder how it is that logic escapes you, that you can be in a discussion on economics and claim that it is impossible to calculate a cost from a past policy. I'm wondering, what other past policy actions are "unquantifiable", and if they exist, do you think that arguing from an unknown is sustainable?
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According to Gruber ObamaCare was written in a " tortured way " so that the future cost would be near impossible to calculate.


But lets not focus on the Liberal consensus that the average American citizens is a full blown moron.

These cost increases were unquantifiable at the time because all we were getting out of the Obama administration at the time were bald face lies about cost reduction.
 
Fenton said:
unquantifiable at the time
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Again, you are still basing an argument on an "unknown", according to you, from the past. I'm still trying to get you to explain how that means anything, I'm wondering when you are going to realize it means nothing at all.
 
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