• AP via Yahoo Finance: Initial jobless claims increase unexpectedly
    26 replies, posted
[quote= Associated Press]The number of newly laid-off workers seeking unemployment benefits rose last week, a sign that jobs remain scarce even as the economy recovers. The increase also may result from the difficulty the Labor Department has in seasonally adjusting the claims around the Easter holiday, which falls on different weeks each year. "This is ... a volatile time when the numbers move around quite a bit," a department analyst said. The Labor Department said Thursday that first-time claims increased by 18,000 in the week ended April 3, to a seasonally adjusted 460,000. That's worse than economists' estimates of a drop to 435,000, according to a survey by Thomson Reuters. California also closed its state offices for a holiday on March 31, which likely held down the claims figures. On an unadjusted basis, claims rose by 6,500 to nearly 415,000. Initial claims have dropped four out of the past six weeks and many economists say they are likely to soon resume their decline. "Not everything goes in a straight line," Jennifer Lee, senior economist at BMO Capital Markets, wrote in a research note. "Definitely not the claims data." Separately, retail sales jumped last month as warmer weather and the Easter holiday brought out shoppers in droves. Discounter Target Corp., department store Macy's Inc., clothier Gap Inc. and Victoria's Secret parent Limited Brands Inc. posted double-digit increases that beat Wall Street analysts' expectations. Overall, sales in stores open at least a year rose 9 percent in March, based on an index of 31 retailers compiled by the International Council of Shopping Centers. The stock market dipped in midday trading. The Dow Jones industrial average fell 16 points while broader indexes also edged down. Economists closely watch unemployment insurance filings, which are seen as a gauge of layoffs and a measure of companies' willingness to hire new workers. The four week average, which smoothes volatility, rose to 450,250. Two weeks ago, the average fell to its lowest level since September 2008, when Lehman Brothers collapsed and the financial crisis intensified. Jobless claims peaked during the recession at 651,000 in late March 2009. The figures underscore that the job market remains weak even as the economy recovers. Federal Reserve Chairman Ben Bernanke said Wednesday that high unemployment is one of the toughest challenges the economy faces. While layoffs have slowed, hiring is "very weak," he said. "We are far from being out of the woods," Bernanke said in a speech in Dallas. "Many Americans are still grappling with unemployment or foreclosure or both." On a more positive note in the Labor Department's report, the tally of people continuing to claim benefits fell by 131,000 to 4.55 million, the lowest level since December 2008. That figure lags initial claims by a week. But it doesn't include millions of people who have used up the regular 26 weeks of benefits typically provided by states, and are receiving extended benefits for up to 73 additional weeks, paid for by the federal government. Slightly more than 5.8 million people were receiving extended benefits in the week ended March 20, the latest data available, a drop of about 230,000 from the previous week. The extended benefit data isn't seasonally adjusted and is volatile from week to week. Other recent reports have indicated that employers are slowly ramping up hiring. The Labor Department said Friday that the nation added a net total of 162,000 jobs in March, the most in three years. The unemployment rate held at 9.7 percent for the third straight month. Layoffs fell to their lowest level in three years in February, according to a separate government report Tuesday. But hiring remained about 40 percent below pre-recession levels. Some companies are still cutting jobs. An oilfield services company, Denver-based EnerCrest, said this month it has closed five locations in four states, losing 225 employees. Business software company Computer Associates Inc. said Tuesday that it is cutting 1,000 jobs as part of a plan to reduce costs. Some recipients of the extended federal aid could see their benefits disrupted this week, as Congress failed to approve a continuation of the federal programs before leaving for a two-week vacation at the end of March. That could cut off benefits for more than 200,000 people this week, according to the National Employment Law Project, an advocacy group, but Congressional Democratic leaders have said they will make up for the lost checks when they extend the program later this month. AP Retail Writer Mae Anderson contributed to this report from New York City.[/quote] [url]http://finance.yahoo.com/news/Initial-jobless-claims-apf-355511092.html/print?x=0[/url] GNN News Comment:Can somebody explain how a jobless recovery makes sense? Ohh, and telling me to stop posting has as much chance of working as trying to screw an apple into a light socket. (Failed comparison) Edit: PrismatexV8, you may have proved me wrong on the apple thing, but telling me to stop posting will never work.
You are fucking stupid.
[quote=glaber] Ohh, and telling me to stop posting has as much chance of working as trying to screw an apple into a light socket.[/quote] [URL=http://img717.imageshack.us/i/web20apple20light.jpg/][IMG]http://img717.imageshack.us/img717/5016/web20apple20light.jpg[/IMG][/URL] stop posting
[QUOTE=Used Car Salesman;21244502]You are fucking stupid.[/QUOTE] .
[QUOTE=Glaber;21244247]Ohh, and telling me to stop posting has as much chance of working as trying to screw an apple into a light socket.[/QUOTE] Wilco. [editline]03:34PM[/editline] brb delivering [editline]03:47PM[/editline] now stop posting plzkthxbai [IMG]http://imgur.com/VZ0all.jpg[/IMG] [IMG]http://imgur.com/jeZgol.jpg[/IMG]
[QUOTE=Used Car Salesman;21244502]You are fucking stupid.[/QUOTE] So explain how a jobless recover works then. Unless you were referring to my apple comparison.
Glaber, I delivered on the apple. Now stop posting.
You may have proved me wrong on the apple thing, but telling me to stop posting will never work. When I made that comparison I was thinking of whole apples, not modified, but because I didn't specify the internet now has a new funny apple image. The point I was trying to get across with the Failed comparison was that telling me to stop posting doesn't work. Now can we get back to the article?
No. He screwed an apple into a light socket. Now you have to stop posting.
Did I say I would stop posting if someone did that? NO. I just said it had as much chance of working as that. Not that it would work. Does it look like any one here cares that jobless rates in the US are rising? Apparently not.
just because you didn't say doesn't mean you shouldn't [editline]05:57PM[/editline] i mean, gahhh obama you bastard
Yes, the economy is healing. Unfortunately, since we hit a pretty low point, it's going to take a while to get out of the woods. Glaber, if you understood any fucking principles of basic economics you'd realize this. Demand is increasing. People are buying more. A lot of this has to do with the bailout - when the government puts money into the economy, output and price level rise. It's fucking simple as shit macroeconomics - the aggregate supply and demand graphs. When output increases, firms higher more workers because people are buying more shit. As you apparently don't realize, this does not happen overnight. Despite that fact, things certainly are getting much better. If you read the article you posted, you'd notice this little gem: [quote=Glaber's own article] Other recent reports have indicated that employers are slowly ramping up hiring. The Labor Department said Friday that the nation added a net total of 162,000 jobs in March, the most in three years. [/quote] So no, it is not a jobless recovery, and no, you don't know what you're talking about.
Glaber STOP posting news articles.
[QUOTE=Glaber;21253019]You may have proved me wrong on the apple thing, but telling me to stop posting will never work. When I made that comparison I was thinking of whole apples, not modified, but because I didn't specify the internet now has a new funny apple image. [/QUOTE] Way to weasel out on a technicality. :colbert:
Why is this thread a hate glaber discussion instead of something on the news article?
[QUOTE=yawmwen;21256793]Why is this thread a hate glaber discussion instead of something on the news article?[/QUOTE] Because he has :downs: and he's a right wing nut.
[QUOTE=yawmwen;21256793]Why is this thread a hate glaber discussion instead of something on the news article?[/QUOTE] Hey, I'd like to think that my post was a mix of thread discussion and yell at Glaber.
The 'Recovering' Economy is going to bomb his Summer because Gas Prices are going to shoot up.
[QUOTE=JDK721;21256839]Because he has :downs: and he's a right wing nut.[/QUOTE] So? I don't know a whole lot about economics so sometimes he makes sense(to me) on economic shit. [QUOTE=Bassplaya7;21256893]Hey, I'd like to think that my post was a mix of thread discussion and yell at Glaber.[/QUOTE] Your post was the only informative post at all.
I know who caused the increase in joblessness! [img]http://firebreathingchristian.files.wordpress.com/2009/09/monty-python-spanish-inquisition.jpg[/img]
No body expects the Spanish Inquisition! [QUOTE=JDK721;21256839]Because he has :downs: and he's a right wing nut.[/QUOTE] No I don't, I have ADD. [humor] I'm also not a nut. I'm a berry.[/humor] [QUOTE=Bassplaya7;21256681]Yes, the economy is healing. Unfortunately, since we hit a pretty low point, it's going to take a while to get out of the woods. Glaber, if you understood any fucking principles of basic economics you'd realize this. Demand is increasing. People are buying more. A lot of this has to do with the bailout - when the government puts money into the economy, output and price level rise. It's fucking simple as shit macroeconomics - the aggregate supply and demand graphs. When output increases, firms higher more workers because people are buying more shit. As you apparently don't realize, this does not happen overnight. Despite that fact, things certainly are getting much better. If you read the article you posted, you'd notice this little gem: Quote from the first post So no, it is not a jobless recovery, and no, you don't know what you're talking about.[/QUOTE] I probably was wrong about the jobless part in some sense. But isn't supply and demand also affected by taxes? We recently had a new entitlement program pass and it needs to be funded some how, and in that program is also a mandate to purchase healthcare coverage weather you wan't to or not. From my understanding, Supply and demand is simple.You make a product people like, other people demand it or people demand more, depending on the product, either way this increases demand. The price of the object affects demand, as does supply. if a product costs too much or there is too much of it, demand goes down. When this happens the price should go down. This doesn't always happen. (I'm looking at you Super Mario Bro's Wii) Now the price can also be affected by company costs, greed, or competition. Competition can result in lower prices. When prices are lower more people tend to go twards the cheaper priced product. This can usually be observed at Gas stations. Greed can result in higher prices and DLC.When a company gets greedy, they tend to have a disconnect from the consumer and over price their product. The PS3 is a good example of this as it was released for $599 US and Nintendo did to it what Sony did to the Sega Saturn. Company costs can go either way. For this there is another supply and demand chain where the company demands the supplies they need for their operations, benefits, and products. Some products are affected more by this than others. When company costs go up, the products affected have their prices go up with it. This is most of my understanding. Even though I don't always show it.
You just did a big explanation of a very simple concept that has little to do with the topic. Yes, supply and demand are affected by taxes(any price that a company has to make will increase the price of their services or goods, thus decreasing supply), but the money given through stimulus packages will raise supply back up.
Hah you're a fruit :gay:
Yeah, Glaber, you kind of missed the main point of what I was saying. You explained how supply and demand works, congratulations. What I'm saying is that when the government spends money, they are buying goods from companies, aka increasing the companies output. This is good for those firms. When the demand for a good goes up, the company that makes said good needs to hire more workers to increase output to match that. So they hire more people. The government buying goods helps both the firms they buy from, and the unemployed as the new demand level requires more more workers. I hope that's written coherantly.
But where does the government get their money from? My understanding is that Government spending is more controversial than Personal spending. When they are buying the supplies they need to run it's one thing. when they waste it on something like a "Bridge to nowhere", or an un-needed intersection (local) then it's a problem. What we need are more personal spenders and business spenders, not government spenders. Supply and demand can't be sustained by the government alone. You need the private sector. one of Hannity's Stimulus Waste lists: [url]http://hannity.blogs.foxnews.com/2010/03/12/waste-102-the-final-list/[/url] [QUOTE=Lambeth;21260252]Hah you're a fruit[/QUOTE] Fixed. I only said I was a berry to be silly.
conservatives in a sense are a lot more idealistic than liberals. they believe that the "free market" will always work in favor for the common man, this is false. the "free market" simply works for those who have money and those who do not are either taken advantage of or forced to sit on the bench. look at it this way: a free market system is only effective if we either have kindhearted CEOs or an informed public (to boycott goods to bring the price down). we do not have kind CEOs (simply look at the bonuses people at the banks and car industries have gotten) and we definitely do not have an informed public since we have neither, we have to resort to electing representatives who will protect us from theses greedy corporations. furthermore, if we did not have the government controlling and regulating the business sector we'd have CHILD LABOR, POOR WORKING CONDITIONS, NO INSURANCE, NO STANDARDIZED WORK DAY - hell most of these companies that you say will give us jobs and shit are building factories in MEXICO and INDIA. corporations do not care about the people - they care about profit!
[quote]conservatives in a sense are a lot more idealistic than liberals.[/quote] Conservatives think the total opposite, you know.
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