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Valued Social Butterfly
Posts: 21,009
Registered: ‎11-07-2009

Re: Unemployment claims fall to lowest level in 43 years, despite hurricanes

Message 1 of 8 (64 Views)

Funny, but when unemployment numbers went down under Obama, those numbers didn't mean anything. Oh well, I guess they don't mean anything now either?

 

Double standards perhaps?


"The only thing man learns from history is man learns nothing from history"
Trusted Social Butterfly
Posts: 1,452
Registered: ‎10-15-2013

Re: Unemployment claims fall to lowest level in 43 years, despite hurricanes

[ Edited ]
Message 2 of 8 (71 Views)

jimc91 wrote:

Well can we all agree this is a good thing?

 

I know you guys have to adhere to the, "Hate anything and everything Trump" democrat strategy for the upcoming 2018 and 2020 elections.

 

So very funny and man what a great plan.  Please carry on...

 

Depends upon what you call a good thing.  You pointed out so many things the numbers "reflect."  Actually, what it reflects is that the Boomers are getting too aged and feeble to take themselves to the State Employment Commissions to fill out the Unemployment forms...the ones who haven't actually retired already.

 

A&E old old man too old old person GIF

"Never succumb to the temptation of bitterness." ~ Rev. Martin Luther King, Jr.

Valued Social Butterfly
Posts: 3,423
Registered: ‎12-17-2010

Re: Unemployment claims fall to lowest level in 43 years, despite hurricanes

Message 3 of 8 (81 Views)

jimc91 wrote:

Well can we all agree this is a good thing?

 

I know you guys have to adhere to the, "Hate anything and everything Trump" democrat strategy for the upcoming 2018 and 2020 elections.

 

So very funny and man what a great plan.  Please carry on...

 

 


Maybe the Democrats should follow the Republican strategy - "Hate anything and everything."

Highlighted
Treasured Social Butterfly
Posts: 7,460
Registered: ‎07-30-2009

Re: Unemployment claims fall to lowest level in 43 years, despite hurricanes

Message 4 of 8 (86 Views)

Well can we all agree this is a good thing?

 

I know you guys have to adhere to the, "Hate anything and everything Trump" democrat strategy for the upcoming 2018 and 2020 elections.

 

So very funny and man what a great plan.  Please carry on...

 

 

VIMTSTL
Trusted Social Butterfly
Posts: 11,789
Registered: ‎07-04-2009

Unemployment claims fall to lowest level in 43 years, despite hurricanes

[ Edited ]
Message 5 of 8 (100 Views)

Chasky and MLseker said, "The unemployment rate meant nothing when Obama was in office ...... it means something now that Trump is in office, unless it goes up.  All of this equals Right Wing logic."

 

The double standard is just like their response to Executive Orders. When Obama was President, they accused him of circumventing the Constitution and breaking the law when he wrote Executive Orders. But when the leader of the Trump Cult wrote Executive Orders, they described that as the action of a great President. 

 

Do you think Trump Cult Members can spell the word "hypocrisy"?

Valued Social Butterfly
Posts: 21,009
Registered: ‎11-07-2009

Re: Unemployment claims fall to lowest level in 43 years, despite hurricanes

Message 6 of 8 (105 Views)

MIseker wrote:

 


as you said during the Obama admin, unemployment numbers are meaningless.'

 


The unemployment rate meant nothing when Obama was in office ...... it means something now that Trump is in office, unless it goes up.  All of this equals Right Wing logic.


"The only thing man learns from history is man learns nothing from history"
Treasured Social Butterfly
Posts: 7,552
Registered: ‎11-18-2009

Re: Unemployment claims fall to lowest level in 43 years, despite hurricanes

Message 7 of 8 (114 Views)

jimc91 wrote:

The total number of laid-off workers receiving unemployment benefits fell to 1.89 million at the end of September, the Department of Labor reported Thursday, the lowest such mark in nearly 44 years.

 

And new claims for unemployment benefits dropped 15,000 to 243,000 in the first full week of October, according to the agency, as the job market bounces back from hurricane damage even faster than forecasters expected.

 

Low new jobless claims are a good sign. They indicate that layoffs are rare, and accordingly that job creation is strong.

 

Unemployment benefits are available for up to 26 weeks in most states. Fewer people are now receiving benefits of all duration than at any time since December of 1973, when the total workforce was much smaller. That is a reflection of the strength of the jobs market, and the availability of new positions for laid-off workers.

 

Prior to the landfall of Hurricanes Harvey, Irma, and Maria, claims had been running at ultra-low rates. With Texas and Florida now recovering, new claims again appear to be sinking to levels that indicate robust job creation. First-time claims in the states most affected by the storms are still high, but have fallen in recent weeks.

 

"The data suggest that payrolls will bounce back quickly after last month's hurricane-related weakness and that the underlying trend in employment growth remains strong -- more than strong enough to keep the unemployment rate declining," noted Jim O'Sullivan, chief U.S. economist for High-Frequency Economics.

 

Economists calculate that new claims below the 300,000 mark indicate that unemployment will remain stable or fall.

 

Good claims numbers, which are released weekly, are one of the factors that will reassure officials in the Trump administration and at the Federal Reserve that the jobs recovery is intact, even though the hurricanes generated net job losses in September.

 

Minutes from the Fed's September monetary policy meeting, released Wednesday, suggested that the central bank still sees the economy as healthy enough to justify raising rates again this year.

 

READ MORE HERE:

 

 

 

 


as you said during the Obama admin, unemployment numbers are meaningless.'

 

So it begins.
Treasured Social Butterfly
Posts: 7,460
Registered: ‎07-30-2009

Unemployment claims fall to lowest level in 43 years, despite hurricanes

Message 8 of 8 (132 Views)

The total number of laid-off workers receiving unemployment benefits fell to 1.89 million at the end of September, the Department of Labor reported Thursday, the lowest such mark in nearly 44 years.

 

And new claims for unemployment benefits dropped 15,000 to 243,000 in the first full week of October, according to the agency, as the job market bounces back from hurricane damage even faster than forecasters expected.

 

Low new jobless claims are a good sign. They indicate that layoffs are rare, and accordingly that job creation is strong.

 

Unemployment benefits are available for up to 26 weeks in most states. Fewer people are now receiving benefits of all duration than at any time since December of 1973, when the total workforce was much smaller. That is a reflection of the strength of the jobs market, and the availability of new positions for laid-off workers.

 

Prior to the landfall of Hurricanes Harvey, Irma, and Maria, claims had been running at ultra-low rates. With Texas and Florida now recovering, new claims again appear to be sinking to levels that indicate robust job creation. First-time claims in the states most affected by the storms are still high, but have fallen in recent weeks.

 

"The data suggest that payrolls will bounce back quickly after last month's hurricane-related weakness and that the underlying trend in employment growth remains strong -- more than strong enough to keep the unemployment rate declining," noted Jim O'Sullivan, chief U.S. economist for High-Frequency Economics.

 

Economists calculate that new claims below the 300,000 mark indicate that unemployment will remain stable or fall.

 

Good claims numbers, which are released weekly, are one of the factors that will reassure officials in the Trump administration and at the Federal Reserve that the jobs recovery is intact, even though the hurricanes generated net job losses in September.

 

Minutes from the Fed's September monetary policy meeting, released Wednesday, suggested that the central bank still sees the economy as healthy enough to justify raising rates again this year.

 

READ MORE HERE:

 

 

 

 

VIMTSTL