Unemployment claims jump to 368,000

This comes on the heels of news that the economy is actually contracting. Obamanomics will mean four more years of economic malaise at best.

I don't think we will be that lucky. There is no hope of avoiding Obamanomics now. Plus, Obamacare will only force employers to scale back operations.

The Obama supporters are about to get the economy they deserve. It's just a pity that everyone else is along for the death spiral.

 

This could be the start of the long predicted double dip recession, obama was warned about..

 

Oh well, who cares? Just like the past four years, those that will be hurt the most will be Obama supporters. People like Romney will be fine just hanging out on an exotic beach somewhere.

 

The worst is surly yet to come as the devastating tsunami that is Obama Care sweeps across the economy. Already thousands of businesses, large and small, remain partially boarded up to protect what is left of their companies.

About two trillion dollars are dormant in the private sector that could be injected into the economy if we didn't have the uncertainty that is swirling around the White House. The only thing that is certain is that we are looking at four more years of higher taxes and strangling over regulation.

 

Yep, hence the lack of PF progressives in this thread. IT is going to be a quite four years around here.

 

Nice job ignoring the actual content in the article linked in the OP, in which it explains two things:

1. The uptick comes after new claims had fallen to five-year lows, so it's bouncing up from a very low level;
2. The volatility in the number is due to the difficulty doing the seasonal adjusting of layoff numbers. That's a modeling issue, not something fundamentally different with the underlying numbers.

 

The unemployment rate is 7.8% right?....basically unchanged for the last six months

 

What an insensitive, ignorant and wrongheaded comment..... I am one of those who will continue to be hurt by Obama-con-omics.
AND, folks like me who aren't on unemployment, or whose unemployment benefits have run out, aren't even counted as being unemployed anymore... so the status quo with regard to unemployment figures mean that unemployment is actually increasing.

 

Another Obama accomplishment!

 

Collateral damage... sorry buddy; nothing can be done.. I guess you can find solace that for every one of you, there's probably 4-5 screaming Obama supporters who are in the same situation or worse. Life's a bitach and sometimes bad things happen to good people.

Oh, because of the economy my dad is also having a hard time finding a position.... just the way things are right now. Hard to do anything about it..

 

Don't know how old your dad is... but my guess is that he and I are in the same shoes....

At least, most times when collateral damage occurs something good happens at the same time which benefits most other people. With Obama, you need to be in a select minority of citizens to actually benefit from his policies and cronyism.

 

Good bet that this "seasonally adjusted" number will be REVISED UPWARD, early next week sometime...

 

You lose.

http://www.dol.gov/opa/media/press/eta/ui/current.htm

Jobless claims down to 366,000 this week. 4-week moving average continues to fall.

/thread

 

368,000 is lower than the level needed to improve unemployment, nad about 30,000 less than the weekly average while Reagan was president.

If 368,000 is "malaise" to you, what would you call the 400,000 Reagan averaged?

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Considering the figures were in the 600,000 range when he took office, obviously so.

 

Why is it ok if another president had similar figures over 20 years ago? How does that make it ok in your eyes ?

 

Because

1) It shows that the 368,000 figure is actually not bad.

2) The same hypocrites who are bashing Obama for this thing Reagan was an economic savior.

 

Figures from the 80's make it not that bad ? I just disagree but its only my opinion .

 

Why do you contend that is an inappropriate comparison?

But it is not just figures from the 80s. Figures below about 375,000 generally mean an improving labor market.

When the level is consistently below 375,000, hiring is generally strong enough to lower the unemployment rate.

http://usatoday30.usatoday.com/mone...06/unemployment-claims-september-6/57628628/1

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You're wrong. There were 120,000 fewer "discouraged workers" last month.

 

So many errors of fact in one post.

Let's just point out the biggie:

Setting aside the fact that the economy was already losing 700,000 jobs a month when Obama took office....

Total nonfarm employment in January 2009 was 133,631,000.

Total nonfarm employment in January 2013 was 134,825,000.

Your claim that "there are 22 million fewer jobs" is simply, laughably false.

Source is the BLS databases. To see the numbers, do the following:

1. Go here: http://www.bls.gov/data/#employment
2. Choose "One screen data search" in the first line ("Employment, Hours and Earnings")
3. Choose "All Employees", "Total Nonfarm" and "Seasonally Adjusted"
4. Click "Get Data".

 

Its an excuse....

They desperately want Obama to be like Reagan, but its never gonna happen. Obama has been restricting American businesses' ability to compete world wide.

The economy is never going to get better until the commies are booted outta office.

 

Good catch on exposing the whopper, Rayti. I missed that one.

I just have to wonder how folks like Lee could possibly be so grossly misinformed. Getting their (mis)information from the likes of Rush and Sean is the only thing I can imagine.

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You are totally wrong. I have no desire whatsoever for Obama to be like Reagan.

 

Sorry my friend it went up to 7.9%.

 

I believe the chief magistrate of the Union should do what he is in office to do; faithfully execute the doctrines and laws and of the Union.

 

So in all four years of Obamanomics there are only 1,194,000 more people working when Obama started? That comes out to less than 25,000 a month, now wonder we're still sinking.