Jobless claims suggest stumbling labor recovery

Comments (31)
Crash866 wrote:

Spin, Spin, Spin

Apr 26, 2012 8:56am EDT  --  Report as abuse
ajsfca wrote:

Despite the federal reserve lending money to member banks at less than one quarter of one percent for well over a year now, the major U.S. banks are not lending much of that money to individuals and small businesses unless they that have the collateral and liquidity the banks insist upon. The large banks appear to have chosen instead to buy each other’s shares and shares of public or soon to be listed public companies, keeping that cheap capital in play amongst themselves instead of circulating it throughout the economy. It seems a bit selfish and self-serving to me, since it was the taxpayers of this country who bailed them out and are now providing them with essentially free money.

Apr 26, 2012 9:46am EDT  --  Report as abuse

obama definitely will win with 80% of the votes after these liberal news… hahaha

Apr 26, 2012 10:05am EDT  --  Report as abuse
DetroitNative wrote:

The number has been “trending downwards from the previous week”… but not trending downward when looked at with revised figures only. This is important, this is the truth. The lies can’t hide the reality of this situation, and that is we are heading into another recession. A recession brought on by uncertainty, government interference, and attacks against small business. The “summer of recovery” never happened, the stimulus failed, and our weak dollar is killing consumers at the pump and at the grocery store. Yet still we continue to hear talks of more stimulus, more printing, more hidden inflation. The policies of the current regime don’t work, never have, and never will.

Apr 26, 2012 10:10am EDT  --  Report as abuse
USAPragmatist wrote:

To quote DetroitNative….’A recession brought on by uncertainty, government interference, and attacks against small business’ Actually this recession was brought on by NOT ENOUGH government regulation of the banking/derivative market.

Apr 26, 2012 10:24am EDT  --  Report as abuse
PseudoTurtle wrote:

The title of your article is incorrect.

“Jobless claims suggest stumbling labor recovery”

There has not been a “labor recovery”, so how can it “stumble”?

Apr 26, 2012 10:54am EDT  --  Report as abuse
Harry079 wrote:

“The four-week moving average for new claims, a closely followed measure of labor market trends, rose 6,250 to 381,750.”

This weeks number is 388,000 which is 7,000 higher than the moving average.

We are inching closer and closer to the 400,000 number which shows the jobs market is heading south again.

Apr 26, 2012 10:56am EDT  --  Report as abuse
MJGSimple wrote:

And the rich get richer at the expense of the less fortunate.

Apr 26, 2012 11:38am EDT  --  Report as abuse
Dahc wrote:

Next weeks headlines will read “Jobless claims low, suggested speeding recovery” This flip flops faster than flapjacks! There is no recovery. Never has been. We will not recover overnight. This will take years if ever. This is global.

Apr 26, 2012 11:48am EDT  --  Report as abuse
justinolcb wrote:

there will be no recovery in the US as long as Obama is in office, he is not a president, he is an embarrassment

Apr 26, 2012 12:17pm EDT  --  Report as abuse

With one a million folks signing up for 1st time UE claims in a month, how can anyone in their right mind think the economy is doing well????

Apr 26, 2012 12:51pm EDT  --  Report as abuse

How can there be any

Apr 26, 2012 1:01pm EDT  --  Report as abuse
divinargant wrote:

There is clealy a downward trend developing and it just can’t be ignored or spun any longer. The revisions of the week prior are always higher and at this rate it won’t be long before that 400k is crossed. The recent drop in durable goods orders was the real tell. For decades that has always been directly correlated to employment. Stumbling? That is a mild way of describing the situation. Closer to the truth is that we’re falling down.

Apr 26, 2012 1:01pm EDT  --  Report as abuse
Crash866 wrote:

USAPragmatist
….’A recession brought on by uncertainty, government interference, and attacks against small business’ Actually this recession was brought on by NOT ENOUGH government regulation of the banking/derivative market.

Agreed. Brought on by both parties…right??? And since 2008 how has it been going? I know you will be voting for Obama again.

Oh and the housing market made worse by both parties

Apr 26, 2012 2:33pm EDT  --  Report as abuse
Crash866 wrote:

MJGSimple
Good little Lemming

Apr 26, 2012 2:34pm EDT  --  Report as abuse
USAPragmatist wrote:

@Crash866, of course I will vote for Obama again, as his opponent wants to go back to the same policies that caused this crash.

And anyone who does not realize the economy is in MUCH better shape then when Obama took office is just plain delusional.

Apr 26, 2012 3:13pm EDT  --  Report as abuse
presydent wrote:

BO stated publicly that he would spend every waking moment creating jobs for Americans; whereas he has spent every waken moment for the past 3 years campaigning for his reelection and prostituting himself for campaign funds. The only beneficiaries of his policies have been his appointed Czars, PACS, lobbyists and well-to-do supporters; definitely NOT the American workers. Not even those in labor unions; however the labor union bosses have BO in their combined pockets to America’s detriment. And yet, some myopic Americans think he is the best President we’ve ever had. He may be the best black President; however we’re not likely to have another in your lifetime or mine.

Apr 26, 2012 3:58pm EDT  --  Report as abuse
Jameson4Lunch wrote:

@USAPragmatist

I figure my wages purchase about 27% less now in those little life necessities like food and fuel than they did when Obama took office. Not delusional, just poor. I don’t put all of the blame on Obama for that; too many other factors. However, if you really think the economy is better, you either put too much faith in the numbers the markets post (which are completely irrational with the current level of intervention), are financially well off enough that you don’t feel pinch, or are delusional yourself.

Apr 26, 2012 4:09pm EDT  --  Report as abuse
Crash866 wrote:

USAPragmatist
Once again you show the inability to see reality and are part of the problem not part of the solution.

Apr 26, 2012 5:14pm EDT  --  Report as abuse
Crash866 wrote:

presydent
Agreed but please leave race out of it and I bet your are wrong. Maybe even a Hispanic president?? Best man/woman for the job not the color of his/her skin.

Apr 26, 2012 5:16pm EDT  --  Report as abuse
Sensibility wrote:

Yes, it is unraveling fast now.

Apr 26, 2012 6:09pm EDT  --  Report as abuse
USAPragmatist wrote:

Reality: in jan 2009 the economy was shedding close to 1 million jobs a month, last month about 200K jobs where added. Sure seems to be better to me.

Apr 26, 2012 10:06pm EDT  --  Report as abuse
Crash866 wrote:

USAPragmatist
Check the latest story on growth. Reality…

Apr 26, 2012 12:24am EDT  --  Report as abuse
rbe4free wrote:

Are we all ready to accept that our current fiat based socio-economic system is in it’s death throes?

Nobody has been able to fix it yet, how many more decades must we suffer before we get rid of it and implement something that will benefit us all?

The truth they don’t want the people to know is that fiat currency is worthless, it has no value, it is not backed by anything at all, no precious metals and hasn’t been for years. When a loan is created neither the principal nor the interest is printed, it exists only as numbers in a computer. It is in fact created from thin-air.

Don’t tell anyone though as the truth is so simple that noone would believe you.

When unemployment reaches 30% or more(we’re already at 23% in the U.S.) due to technological displacement and all those people lose their purchasing power in the current monetary system, how will the system survive? Simply put the system cannot sustain itself without the participation of the consumer. It is doomed to fail.

When will everyone wake up and realize that blaming a political puppet or switching to a new one, will not change anything, when the puppeteer remains the same.

The Federal Reserve Cartel: The Eight Families; The 1913 creation of the Fed fused the power of the Eight Families to the military and diplomatic might of the US government. If their overseas loans went unpaid, the oligarchs could now deploy US Marines to collect the debts. Morgan, Chase and Citibank formed an international lending syndicate.

Until this is disolved, there will never be any change for the better, except for the financial elite.

If you’re serious about a solution, check out The Venus Project. If you have questions about it check out the FAQ page. =)

Apr 27, 2012 7:27am EDT  --  Report as abuse
MJGSimple wrote:

Crash866 – The fact is that the wealthy are getting wealthier. There is no “trickle down.” The economy is doing very well for the majority of the wealthy. I’ve done you the favor of highlighting some references. Feel free to respond, but I hope you have something better than ad hominem.

The Great Recession has meant a whopping drop of 36.1% in median household wealth as compared to 11.1% for the top one percent.

http://www.forbes.com/sites/deborahljacobs/2011/11/01/occupy-wall-street-and-the-rhetoric-of-equality/

In 2008, only 19% of the income reported by the 13,480 individuals or families making over $10 million came from wages and salaries… Seventeen of those returns included income from unemployment benefits..

http://www.nytimes.com/2010/07/24/business/economy/24charts.html?_r=1

[In 2009] Top 1% incomes grew by 11.6% while bottom 99% incomes grew only by 0.2%. Hence, the top 1% captured 93% of the income gains in the first year of recovery…

http://www.motherjones.com/kevin-drum/2012/03/rich-are-rebounding-very-nicely-thank-you-very-much

Apr 27, 2012 12:22pm EDT  --  Report as abuse
Crash866 wrote:

MJGSimple
Were you replying to my post or expanding on your previous post. I never mentioned anything about trickle down economics.Good stuff though but the article states Jobless claims suggest stumbling labor recovery. News flash the rich have always and always will get richer that’s what they do. So lets stay on topic. Also did you see that GDP is slowing. You have facts about the past and but keep towing the company line of blame when it comes the current situation and current adminstration.

Apr 27, 2012 12:41pm EDT  --  Report as abuse
Crash866 wrote:

MJGSimple
and once again good little lemming towing the line

Apr 27, 2012 12:42pm EDT  --  Report as abuse
Crash866 wrote:

MJGSimple
1% vs. 99% that’ll fix it. So easliy hood winked.

Apr 27, 2012 12:43pm EDT  --  Report as abuse
MJGSimple wrote:

Crash866 – Once again you don’t point to anything but your stubborn party line. I did see that GDP growth was slowing. I also know that if GDP slows, so should GDI (Gross Domestic Income). However, rather than all income quantiles slowing at comparable rates, we see the top quantile increasing income and the lower quantiles decreasing to make up the difference.

You clearly need me to spoon feed this to you.

This article shows that job growth is not occuring at the pace we need. Doesn’t Republican theory suggest that if the wealthy are doing well there would be jobs? The wealthy ARE doing well.

The wealthy will get richer, but in the past, prior to Reaganomics, other quantiles also saw improvements at reasonable rates.

Again, GDP and GDI are equal, if GDP slows, so does GDI. If the wealthy are seeing gains but the rest of the country isn’t, then their wealth must be coming from other quantiles.

Apr 27, 2012 1:52pm EDT  --  Report as abuse
Crash866 wrote:

MJGSimple
Independent. I vote for who I think is best. I have voted for Bush, Reagan, Clinton. Even in local elections I have voted democrat sometimes. So yeah. Pot, Kettle, Black. Who’s towing the line now? I am just stating I think Obama has not done a good job. Tell me I am racist I suppose. And by the way the whole 1% vs 99% OSW thing is a liberal machine thing created in…Canada. It certainly not a conservative agenda

http://en.wikipedia.org/wiki/Occupy_Wall_Street

Occupy Wall Street is a protest that began on September 17, 2011 in Zuccotti Park, located in New York City’s Wall Street financial district. The protest was initiated by the Canadian activist group Adbusters and has led to Occupy protests and movements around the world. The main issues are social and economic inequality, greed, corruption and the undue influence of corporations on government—particularly from the financial services sector. The OWS slogan, We are the 99%, addresses the growing income inequality and wealth distribution in the U.S. between the wealthiest 1% and the rest of the population. To achieve their goals protesters act on consensus-based decisions to affect “direct action” instead of petitioning authorities for redress

Apr 27, 2012 2:45pm EDT  --  Report as abuse
MJGSimple wrote:

Well, for someone that claims to be independent, you seem to appreciate “conservative” argumentation. I don’t think you’ll find that I ever said Obama did a good job. I simply said that the rich are getting wealthier at the expense of the less fortunate. No argument was made for any politician. I did attack Republican majority ideas, mostly because I was inclined to believe that was what you were trying to get at. I can’t follow your line of logic including OWS or racism, so I’ll just say that we both seem to agree that politicians have long forgotten their role in government.

Apr 27, 2012 3:17pm EDT  --  Report as abuse
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