Jobless claims drop back to pre-storm range

Comments (14)
Crash866 wrote:

There no as crappy but still very weak…and this is good news.

“We should still have a relative poor payroll reading tomorrow, but we should have some confidence that payrolls would bounce back in December.”

Seasonal service sectors jobs…

Dec 06, 2012 9:19am EST  --  Report as abuse
Crash866 wrote:

“In addition, seasonal layoffs in sectors like construction, start picking up this time of the year. This will make claims a less useful gauge of labor market conditions in the weeks ahead.”

More excuses

“A separate report from consultants Challenger, Gray & Christmas showed planned layoffs at U.S. firms rose nearly 20 percent in November to their highest level in six months.”

What does that tell you…just after the election…huh….

Dec 06, 2012 9:21am EST  --  Report as abuse
Abulafiah wrote:

Crash866 wrote:
“There no as crappy but still very weak…and this is good news.”

For most people, falling jobless claims are indeed good news. It is bad news only for Republicans who are desperate for America to fail so they can rant at Obama.

Crash866 wrote:
““A separate report from consultants Challenger, Gray & Christmas showed planned layoffs at U.S. firms rose nearly 20 percent in November to their highest level in six months.”

What does that tell you…just after the election…huh….”

Have you really never heard of ‘winter’? Have you really never heard of ‘seasonal jobs’?

Dec 06, 2012 9:35am EST  --  Report as abuse
USAPragmatist wrote:

Yes crash, it is some ‘lie’ or ‘conspiracy’. How many tin foil hats do you own anyhow? Cause you must wear them out pretty fast.

Dec 06, 2012 9:37am EST  --  Report as abuse
mountainrose wrote:

that’s good, only 370,000 people lost their jobs last week, I’m relieved.Of course if the last 5 years of unemployment claims reporting history repeats itself next week they will report as they have for 5 years now that the 370K has been adjusted upward, which would them incompetent which I do not believe they are.

Dec 06, 2012 9:38am EST  --  Report as abuse
Crash866 wrote:

Abulafiah
“planned layoffs at U.S. firms rose nearly 20 percent in November to their highest level in six months.”
Wouldn’t that go down if there were hiring for the Holiday seasonal jobs..
Have you really never heard of ‘seasonal jobs’? So that 20 perecent jump happens every November…that explains it….

Dec 06, 2012 10:15am EST  --  Report as abuse
Harry079 wrote:

The fact remains that over 1.5 Million people lost their jobs in November.

To get a positive jobs number for the month that would mean that 1.5 million plus whatever the jobs number is got a job in November.

For some unknown reason I have NEVER seen side by side monthly comparison between the numbers that filed for unemployment and the job additions.

Also are they factoring in the 300,000 plus that retire each month and the record number of people applying for SS Disability along with the tens of thousands of people whose benefits have run out?

Maybe someone can help me with this?

Dec 06, 2012 10:37am EST  --  Report as abuse
MJGSimple wrote:

I would really appreciate it if Reuters did a better job tying together “like” numbers. There are many statistics provided by the Bureau of Labor Statistics (BLS) and it would be helpful to the lay-person to have some sort of organized context.

For example, the majority of the numbers in this story are from non-seasonally-adjusted figures. As Crash866 points out, this information is easily misunderstood. It is not intentionally misleading, since the BLS reports these figures along with many others consistently. But it is misunderstood.

Tomorrow morning the BLS will release new statistics at 8:30. Having a chart of the previous few months’ moving average or seasonally adjusted numbers would help inform readers.

Dec 06, 2012 10:47am EST  --  Report as abuse
Abulafiah wrote:

Crash866 wrote:
“Wouldn’t that go down if there were hiring for the Holiday seasonal jobs..”

No. Why would it, when all the outdoor workers get laid off for winter?

Dec 06, 2012 11:04am EST  --  Report as abuse
Denan wrote:

When I was a liberal, our mantra was “Question authority!”. And we were all about keeping “the man” off our backs and fighting government control over our lives and livelihoods.

But that was 35 years ago. What passes for a liberal today is just the opposite. They believe that: Anyone who questions the government is a racist. We all belong to government now. Government will solve your problems.

And freedom? It’s just too difficult. Besides freedom is unfair, racist and sexist too.

Dec 06, 2012 11:46am EST  --  Report as abuse
stambo2001 wrote:

The number of people ‘filing’ for unemployment benefits does not represent the true number of unemployed. How bloody stupid are you people? How many fell off the rosters as their coverage ended?! That is the hidden tragedy you are conveniently ignoring. What good are the number of people filing for benefits if there is not an equal or greater increase in jobs created. You cannot base an entire economy on service industries, the thought is insane. No production, no economy.

Dec 06, 2012 12:35pm EST  --  Report as abuse
Harry079 wrote:

Stambo:

The weekly number is for New Claims. So last weeks number 370,000 is for people who filed a new claim.

It think the majority of us understand that.

Dec 06, 2012 2:09pm EST  --  Report as abuse
Scattel2z wrote:

I’m sure more jobs were created by Sandy than Obama so why the setback?

Dec 06, 2012 3:40pm EST  --  Report as abuse
209flyboy wrote:

If you believe the government numbers you must live in a fairyland.

I am amazed at how many people listen to that tripe being put out by either party. Those numbers are skewed to fit their agenda. I suggest you think about the millions who’s benefits have run out and still unemployed. I am one of them. Besides the new claims being sought after, I have to agree with stambo2001.
In reality, our country faces the greatest loss of workers due to jobs being shipped out of the country and the loser bail outs our ‘Leaders’ have allowed. The banks own us for sure. As I look around at all the companies that have vacated our country, I can’t help but to think that taxes, overbearing regulations and ill conceived laws have driven our largest employers away, and guess what? more crap is coming our way as the ‘Fiscal Cliff’ nears.
God help us!

Dec 06, 2012 3:44pm EST  --  Report as abuse
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