U.S. weekly initial jobless claims rise 1,000 to 497,000

[UpInArms]

Source: CBS Marketwatch

WASHINGTON (MarketWatch) -- U.S. weekly jobless claims remained at their highest level in seven years, the Labor Department reported Thursday, as people in the hurricane-hit states of Louisiana and Texas filed for benefits. For the week ended Sept. 27, seasonally adjusted first-time claims for unemployment benefits rose 1,000, to 497,000 - the highest level since late September 2001. Without the hurricane-related effects, initial claims would have been about 439,000. The four-week average of claims rose 11,500 to 474,000 -- the highest since October 2001. For the week ended Sept. 20, continuing claims rose 48,000 to 3.59 million -- the highest since September 2003. The four-week average of continuing claims rose 46,750 to 3.53 million -- the highest since October 2003.

Read more: http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B8A41E5DA%2DFCFD%2D43E8%2DA73F%2D775339F3FD99%7D&siteid=mktw

---

last week's number was revised upward by 35,000 - so we're talking about a number in excess of 500,000 initial claims for ONE week!

[Virginia Dare]

1. OMFG! And we haven't even touched the banking layoffs yet..

this is indeed looking more and more like another Depression...:-(

[Dogtown]

4. The rise seems to be related to weather, not

an economic crisis, real or imagined, exaggerated or minimized.

Even with the recent gas-shortages in the SE, the number of large gas-hogs parked at the Mall suggest that there is no depression.

Please remember that the Great Depression was marked by caravans of disenfranchised Americans driven to a nomadic existence in search of migratory work. It's disrespectful of the hardships endured by *my mother and father* to portray our overfed fast-food sodden existence with soup-kitchens and bread lines.

It's also a sign of personal cowardice to allow yourself to panic when Bush pushes your buttons.

YES we have a serious economic problem. The Neocon agenda has been pushing for this, and taken advantage of our fear, long enough. Do you think we can suck it up long enough to take a look around before stampeding?

[Virginia Dare]

5. Tell that to the people who don't have jobs...

and I don't appreciate you calling me a coward, as you know little if anything about me.

[Dogtown]

6. Then don't post in such cowardly fashion.

You capitolized "depression", as if this could in any way qualify as the Great Depression. Your melodrama in the face of adversity is cowardly. And exactly what the neocons want from you.

This "crisis" hasn't even manifested yet. No one knows what is going to happen next, but one cow can start a stampede, as they say.





BTW, *I* don't have a job, "as you know little if anything about me."

[Virginia Dare]

7. You just told me there will be no Depression..

so apparently you do know what's going to happen. Good luck with your job search, that is if you're on one, you'll need it.

[Dogtown]

8. Now you're being pissy

I said no such thing. There could well be ANOTHER Great Depression, but this ain't it. If you think times are tough, you won't make it through this "Depression" you fear.


On the one hand, people are out of work because of your perceived "Depression", but you suggest that *I'm* out of work because I'm not really looking: how passive/aggressive of you! Also a bit below the belt there; imagine a progressive belittling a worker for being unemployed (especially since there's a Recession on).

Oh wait, aren't "low blows" the benchmark of a coward?

[Virginia Dare]

9. Insult people and they get pissy, go figure...n/t

[Dogtown]

11. You looked for an insult and found one

I suggested that your behavior in the face of administration threats was a cowardly reaction. I called your post cowardly, not you. If it was not, you should have refuted my charge, not mounted a non-progressive personal insult, one not connected in any way with this discussion. One you assumed because it suited you to become nasty, not based on anything you know about my character.

It was low and uncalled for. You should be ashamed, but you excuse your behavior because it suits your emotional needs.

How very sad.

You have yet to support your post. We are not, in fact, enduring a 2nd Great Depression. You're a crybaby and too self-absorbed to carry on a discussion unless we care to pamper you and ignore your weakness in the face of adversity. If you don't want your fear noticed, buck up a little and accept that we are in a perilous situation that requires resolve, not whimpering.

[boomerbust]

2. And Wall Street

Will just shrug it off waiting to get a trillion dollars worth of pork.

[Roland99]

3. wow...just a few months ago we were still averaging in the 330k-340k range

Or so it seems anyway...guess it's been a bit more than 3 months.

I need to work up some new graphs this weekend for the various jobs numbers.

[OhioChick]

10. No 5 rec's on this, yet?? n/t