BREAKING NEWS: New jobless claims drop more than expected to 521,000, lowest since January

[Roon]

Source: RUETERS

BREAKING NEWS: New jobless claims drop more than expected to 521,000, lowest since January

Read more: http://www.msnbc.msn.com/id/33221518/ns/business-stocks_and_economy/?ns=business-stocks_and_economy&from=ET

[wicket]

1. +1

[Indydem]

2. WOW! Only Half a million people lost their jobs!

Let's celebrate!

/sarcasm

[timeforpeace]

33. The secret is saying beforehand it will be even worse so the bad news looks good!

[backtomn]

34. I agree

We ought not play this up very much. I am currently unemployed, but am surviving. I hope that these 500,000 can find something very soon. Good luck.

[thunder rising]

3. Where's that cartoon: Congratulations, you're getting worse more slowly!

[hlthe2b]

4. New claims drop but how many of the "brazillions" are still

unemployed?

[AllentownJake]

5. So only a half million Americans are newly unemployed

:woohoo:

:sarcasm:

[AllentownJake]

6. The rate that people are becoming unemployed has slowed 4%

Seriously, this is some bad spinning.

[PSPS]

7. Gee, "only" a half million added to the 26 million.

[karynnj]

17. Your assuming that none of the previously unemployed were hired

A real question - that I don't know the answer to - is what do the employment numbers look like. A key turning point will be when the number hired in a month exceeds the number who lose a job in that month. Even after that point, it will take a long time before the total unemployment numbers return to "normal". (The fact is that it will never reach zero. There always are people changing jobs - the difference is the expected time before they are likely to find a new one.

(Now the Census bureau is really on top of it - their 9/30/2009 report contains the net gain/loss numbers for 2007Q4 to 2008Q4 (with some states not included). Yes - that is about 9 months old! http://lehd.did.census.gov/led/

[PSPS]

36. Doesn't matter since the unemployment rate is still increasing. It's still a net loss.

[Autumn]

8. Hum.. is that rain I feel in my ear?

No ... I do believe it's piss. "As layoffs ease a bit amid a fledgling economic recovery." Those last three words are a fucking joke.

[peacefreak]

9. What I want to hear

is 500,000 jobs created this month & next month & the month after that. Yeah, it's been a long year out of work.

[nc4bo]

10. Wow! Makes me feel all warm and comfy inside knowing things are getting better..

Yea. :sarcasm:

[tonysam]

18. And there's a chicken in every pot

Whoop-dee-doo.

[onehandle]

11. Another 521,000 who need to drop Bush a thank you note. nt

[Doctor_J]

16. No, not THOSE 521,000

The 33,000 who were expected to lose their jobs but didn't :sarcasm:

[prostomulgus]

12. It could be worse.

If it weren't for President Obama and his leadership and policies, the job losses would be MUCH worse. He inherited this mess and he's fixing it.

I have confidence in our President.

[AllentownJake]

15. Good for you

Now what is he doing to fix it?

[twitomy]

20. Dontcha remember the "stimulus"!?!!

You know, going to create 3 milion jobs, unemployment wont exceed 8%...

Now we have all that additional DEBT that is now causing the US dollar to plummet; all for

NOTHING!!!''

Heckuva Job Obama!

:mad:

[Craftsman]

13. When you slit a pig's throat eventually the bleeding slows

No new decent paying jobs no recovery.

[Dr.Phool]

30. The pigs running out of blood.

[spaten]

14. who makes these expectations?

I think they need to be unemployed.

[Romulox]

19. Hooray! ONLY a half a million new job losses! nt

[scheming daemons]

21. This isn't net job losses.... it doesn't count people who were hired

Even in the boomiest of boom times, this number is usually greater than 250,000.


It means that 521,000 people filed for unemployment for the first time last week. But we don't know how many people were hired during that same time from this number.

If it was greater than 521,000, then we had positive net job growth. If it was less, then we had negative.


But it doesn't mean that there are 521,000 less employed people than last week.

[Romulox]

22. Nobody said it was. But since you brought it up, what were the NET job losses for the week?

:hi:

[scheming daemons]

23. Don't know... they only report the number monthly... but....

In September, it was -260,000.


For reference sake... in March it was -750,000.


It is moving in the right direction. Not all the way there yet, but getting closer.

[Romulox]

24. So you're more worried about spin than job losses. nt

[scheming daemons]

25. No.. I'm more worried about the trajectory

If the number is decreasing, we're moving in the right direction.


It's not going to go from -750,000 to positive in a month or two. Takes some time.


It's moving in the right direction.



Your failure to acknowledge that shows that it is you who are more interested in spin. Specifically, any spin that can make it look like Obama's failing.

[tonysam]

27. And how many jobs were created?

Let's not look too closely at that.

[Romulox]

28. "Moving in the right direction..."

[AllentownJake]

32. Dammit stop using math

think happy thoughts

[AllentownJake]

31. Ah yes

Acknowledging the reality that things aren't really getting better is an attack on the dear leader meme.

[lib2DaBone]

26. There's no one left to lay off... last one out... turn off the lights...

[tonysam]

29. Absolutely

Meanwhile, Shaheen and company in the Senate continue to fart around with people's lives and stall extended unemployment compensation.

[kestrel91316]

35. .....I'm laughing at all the "instant gratification" twits on this thread,

bitching that Obama hasn't done the equivalent of curing cancer yet.

News flash: Rome wasn't built in a day. And I'll STILL take Obama over any Republican and most Dems.