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

[Driftr]

Welcome back!

[usaone]

Private sector added 154k jobs in July. Good number!!

May and June numbers revised UPWARDS 54k

Government continues to layoff and private sector is hiring.

[Driftr]

Yes. Anything 150k+ = good IMO. Anything Govt <> is good as well. Win/Win.

[usaone]

Weekly claims came in at 395,000.

[jarhead1976]

K coming your way usaone, you are an optomistic sob , I hope you and your family all the best. Respects

[decoy409]

Yes there dropping like flies the lost ranks. k coming your way? For proclaiming skewed and cooked numbers are something to cheer about?

[jarhead1976]

No for being optimistic dispite the cooked numbers.

[usaone]

If things were spiraling out of control that number would be shooting to 740k like it did in 2008.

Are things great? Not yet. But we are not falling off a cliff either.

K for Jar.

This country has been through a lot worse than this.

[decoy409]

Optimistic is one thing,however b.s. is another.

[usaone]

Gold dropped $30 an ounce when the number was announced.

[decoy409]

Yes I know. I just gave a rundown (in my Decoy 409 POST) of the BARBECUE attendance numbers in the old unemployment claims.
I posted from June 2011 - Aug. (todays) number with some very interesting looks from varied sources.

[Driftr]

Luckily that 395k from last week was adjusted up to 399k so that this weeks initial claims at 408k is only a 9k increase. Whew...

[decoy409]

Lucky they have ignorance (or what is left of it out here) believing in this crap.

But that ignorance has been depleting at a super pace and that is a good thing.

[jarhead1976]

The one number never listed is how illegals impact the labor market.

[decoy409]

jarhead that's funny!!!

I am laughing at this one liner back a page,

"Gold dropped $30 an ounce when the number was announced."

I am not seeing that drop today,what happened?

Oh that's right,I did state that ignorance and applying stupidity to casino players was not a thing that actually holds credibility as to believeing the ones feeding that horse crap to the players.

[usaone]

Still hanging right around 400k...........4 week moving average still falling.

[decoy409]

Only thing moving here is further build up in nonsense you are trying to lead others to believe.

[decoy409]

"MarketWatch - Greg Robb - ý57 minutes agoý
WASHINGTON (MarketWatch) - The number of people who applied for unemployment benefits last week rose back above the 400000 level in the latest week, adding to worries about the health of the economy"

Ok,we are all ready for another storytime favorite as to this decline of uc claims and a busting out job market.

[Driftr]

I neglected to post up last weeks numbers.

In the week ending August 20, the advance figure for seasonally adjusted initial claims was 417,000, an increase of 5,000 from the previous week's revised figure of 412,000.

Last week only revised up 4k. Even with factoring in the revision, claims only got 9k worse. I suppose some could look at a decrease in the rate at which the claims are rising as good news...

[usaone]

There were 49K striking Verizon workers included in those numbers so they were not bad at all.

[jarhead1976]

BofA lays off 3500 .. dropping 1.5 billion from payroll . Buffet Saves America again. Bank stocks looking good at the cost of job loses

[usaone]

3500 over several months isnt to bad and Buffett did it because he knows BAC will come back strong and he will make money.

Even at 80+ he is a smart guy!

[Driftr]

Aug 29, 2011 8:38:00 GMT -5 usaone said:

There were 49K striking Verizon workers included in those numbers so they were not bad at all.

No. There were 12.5k included in figure from two weeks ago and 8.5k included in week ending 8/20 figures.

As a result of the strike, 12,500 workers filed for initial unemployment claims from the government in the week ending Aug. 13. Another 8,500 workers filed for those benefits in the second week of the strike.

It does explain the recent increases though.
money.cnn.com/2011/08/25/news/economy/unemployment_benefits/index.htm

[usaone]

ADP reports 91k new hires in the private sector in August. Not bad. September should be even better.

Also....

money.msn.com/business-news/article.aspx?feed=OBR&date=20110831&id=14200328

[Driftr]

In the week ending August 27, the advance figure for seasonally adjusted initial claims was 409,000, a decrease of 12,000 from the previous week's revised figure of 421,000.

33% of the current weeks drop due to revision of prior week. Nice to see claims headed in the right direction though. Would be even nicer to see them stay that direction for a few months.

[usaone]

Big day tomorrow!!

August should be the low point in new job creation for the year.

[usaone]

US added 17K private jobs in August......Government laid off 17K.

[Driftr]

Forgot to post yesterday. Claims up a bit again, prior week revised up again.

[Driftr]

In the week ending September 10, the advance figure for seasonally adjusted initial claims was 428,000, an increase of 11,000 from the previous week's revised figure of 417,000.

Claims up. prior week revised up. SSDW.

[usaone]

Yes. We have been bouncing around 400,000+ all year.