Jobless claims at 405k versus expectations of 415k

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#1 Thu, Jul 14, 2011 - 8:34am
Violent Rhetoric
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Jobless claims at 405k versus expectations of 415k

14th week in a row >400k

prior revised upwards from 418k to 427k

Edited by: Violent Rhetoric on Nov 8, 2014 - 5:05am
Thu, Jul 14, 2011 - 8:38am
Violent Rhetoric
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Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty. This is known as “bad luck.” ~ Robert Heinlein
Thu, Jul 14, 2011 - 9:46am
gold bug-ger since 2001
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so let me get this straight..........

https://finance.yahoo.com/news/Unemployment-aid-applications-apf-1625178963.html?x=0&sec=topStories&pos=main&asset=&ccode=

This week 405,000 people lost their jobs. Last week it was 22,000 more (427,000). Therefore because

" Fewer people sought unemployment benefits last week, an encouraging sign the job market may be slowly improving"

By this reasoning, if we all quit our jobs, then there would be no new claims for unemployment after that and the economy would be fantastic.

Thu, Jul 14, 2011 - 11:07am
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This is from shadowstats.com.

This is from shadowstats.com. A more realistic picture of unemployment.

Quote:
The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994.

Thu, Jul 14, 2011 - 5:33pm
Violent Rhetoric
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Thanks for the graph.  I love

Thanks for the graph. I love shadowstats.

Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty. This is known as “bad luck.” ~ Robert Heinlein
randomness