U-6 UE Number Falls 2.1% Layoffs at a 13 Year Low

[usaone]

I agree but it was up to 478,000 a few weeks ago.

The slooooooow recovery continues.

[jarhead1976]

Slow recovery , Thats funny, as unemployment rises. We are going into a double dip recession.

[usaone]

Private sector is hiring and the government is laying off. No double dip in my opinion.

Almost 700,000 NEW private sector jobs created so far this year.

[Driftr]

Oops. I'm sure this is just due to the Tea Party not wanting to raise the debt limit without cuts. Once we start a new 2 Trillion round of QE unemployment is sure to tick down.

In the week ending June 18, the advance figure for seasonally adjusted initial claims was 429,000, an increase of 9,000 from the previous week's revised figure of 420,000. The 4-week moving average was 426,250, unchanged from the previous week's revised average of 426,250.

414k last week revised up 6k to 420k makes what would have been a 15k increase only 9k. What are the odds that we revise claims up from 429k when we report next week?

[Driftr]

Jun 23, 2011 8:37:36 GMT -5 @franktheimpaler said:

Don't we get new numbers today?

Yes. Those are the ones in the quote box. UE claims ticked up. But only 9k. Partially because we adjusted last weeks claims figure up by 6k.

[usaone]

429.000.....Id like to see them in the 390,000 range.

[maui1]

429.000.....Id like to see them in the 390,000 range.

i would like them at zero........why would anyone LIKE them any higher?

[maui1]

Wary of a new surge in gas prices, the Obama administration has decided to release 30 million barrels of oil from the country's emergency reserve as part of a broader international response to lost oil supplies caused by turmoil in the Middle East and North Africa, particularly Libya.

the above is the kinda shit that keeps us lost in the maze of confusion......who knows what our gov't will do next to "fix" all of our problems?

[usaone]

Jun 23, 2011 10:17:06 GMT -5 @maui1 said:

429.000.....Id like to see them in the 390,000 range.

i would like them a zero........why would anyone LIKE them any higher?

Average is 390,000.

[Driftr]

Where'd you see that 390k average?

[jarhead1976]

That 429,000 this week will be revised next week to 435,000 if not higher.

[usaone]

The average weekly claims for the last 15 years is 390,000.

[domeasingold]

Maui

My question to you. If releasing 30 million(actually now 60 million)barrels of oil actually stems the tide and god forbid...helps the economy.
What problem do you see with that.
IMO..If the speculation of oil prices was one of the factors that spurred the recession of 2008, cutting it off at the pass bfore it occurrs again is a genius move.

[Driftr]

Jun 23, 2011 17:17:44 GMT -5 usaone said:

The average weekly claims for the last 15 years is 390,000.

Ah. So you're choosing to include the claims numbers from the last two recessions when determining what an acceptable level of claims is during a recovery period. Interesting.

[maui1]

Maui

My question to you. If releasing 30 million(actually now 60 million)barrels of oil actually stems the tide and god forbid...helps the economy.
What problem do you see with that.


i don't like our gov't playing with our money and choosing winners and losers.

if the market is broken, fix the market, but don't change tides by using our money. the market can't find balance if the tide is not allowed to settle.

[usaone]

Jun 24, 2011 7:07:42 GMT -5 Driftr said:

Jun 23, 2011 17:17:44 GMT -5 usaone said:

The average weekly claims for the last 15 years is 390,000.

Ah. So you're choosing to include the claims numbers from the last two recessions when determining what an acceptable level of claims is during a recovery period. Interesting.

yes...we have recessions every decade............not sure why some people act as though we never had a recession before the last decade.

[usaone]

In the early 1980's we had years of 400k+ claims with a much smaller population.

[Driftr]

Jun 24, 2011 7:51:58 GMT -5 usaone said:

Jun 24, 2011 7:07:42 GMT -5 Driftr said:

Ah. So you're choosing to include the claims numbers from the last two recessions when determining what an acceptable level of claims is during a recovery period. Interesting.

yes...we have recessions every decade............not sure why some people act as though we never had a recession before the last decade.

Who do you think is acting like we never had a recession before the last decade?
Do you understand that an initial claims average during a recovery would be less than an average including recessions? That was my point. Unless you're saying we're not recovering. If that's the case, I understand why you'd include the recession claims figures.

[usaone]

Slow recovery so far. That what I've been saying. The v shaped recovery is approaching.

[Driftr]

Jun 26, 2011 11:52:51 GMT -5 usaone said:

Slow recovery so far. That what I've been saying. The v shaped recovery is approaching.

Any recovery should exclude those recession period claims figures if you're trying to calculate a 'good' average to shoot for. Get it?

BTW. You never answered who you thought was acting like we hadn't had a recession before the last decade. Or was that just some fluff you chose to add to try and round out your previous post?

[usaone]

Claims came in at 428,000...down slightly from last week.

[decoy409]

Say were you not just claiming the smarts as to this area of 200,000 jobs to be added monthly here in the US?

June 30,2011 Unemployment Rises in More Than Half of US Metro Areas

www.moneynews.com/Economy/MetroUnemployment/2011/06/30/id/401965#ixzz1QlQmdEDf



Just print some more fiat money! That will cover things!

[usaone]

We have had 200,000 and the number will pick right back up to 200,000 or higher in the coming months.

Did you see the Chicago PMI number??

[decoy409]

Sorry you missed the bus. But I do have hope for you.

[usaone]

Even with Japan and flooding ect over the last few months unemployment still DECLINED in 137 cities in the US.

[decoy409]

You are a wishful thinker,why a true patriot of the game mathamaticians,WE NEED YOU!

[usaone]

Just reading the article you posted.

[decoy409]

'Tornadoes and flooding shut some companies down in the South in late April and May. And a parts shortage stemming from the March 11 earthquake in Japan affected U.S. auto production. The metro employment data isn't seasonally adjusted and as a result can be volatile from month to month.

One of the biggest increases was in Tuscaloosa, Ala., which was struck a deadly tornado that killed 41 people in late April. The unemployment rate there rose from 8.1 percent in April to 9.3 percent in May.

Toyota, Ford Motor Co., Nissan Motor Co. and Chrysler were all forced to shut down some or all of their North American factories because of the parts shortage. At least 13 metro areas in South Carolina and Louisiana, where many factories are located, saw significant gains in their unemployment rates. Detroit, Ann Arbor and Battle Creek, Mich., also saw big increases.

The sharpest increase in unemployment was in Yuma Ariz. The unemployment rate there rose from 25.3 percent in April to 27.9 percent in May. Competition from farmers in neighboring Mexico has left some cotton, wheat and lettuce growers out of work. Agriculture drives about 40 percent of Yuma's economy.

Many of the areas with the steepest declines are tourist destinations. Hotels and tourist attractions add workers for the summer season. Ocean City, N.J., reported the sharpest decline. The unemployment there fell from 13.3 percent in April to 11.6 percent in May.

Other steep drops were in three California metro areas: Madera-Chowchilla, Santa Cruz-Watsonville and Salinas. All three cities are big farming communities that demand more seasonal workers at this time of year.'

And when you are reading,best start to be reading between the lines. As some say that 'the market and politics are two different things',well that is simply a falsehood.
The engine runs with all gears in play.

[usaone]

Big Big UE number on Friday.

My guess 110,000.

Next month 200,000.

We are on pace for 1.5 Million new jobs this year. We may finish closer to 2 million if things pick up in the second half.

[usaone]

Weekly unemployment claims dropped to 418,000.

ADP number at 10am

The big boy tomorrow.....June monthly unemployment number!!