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HUFFPOST COMMUNITY MODERATOR
BuckyJamesDio
Watching the Friend count drop ...
11:59 AM on 10/20/2011
These numbers reflect claims, not the actual number of unemployed. There is a correlation between the two, sure, but these numbers cannot be used to prove anything but the number of claims.
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HUFFPOST SUPER USER
MiddleMolly
Working to better the USA!
12:38 AM on 10/24/2011
Exactly. A voice of sanity here. There is a correlation.. Claims rising for more than a week or two usually means that the economy is starting to dip. Claims going down for more than a week or two usually means that the economy is starting to pick up. But they are very vague indications.
11:33 AM on 10/20/2011
If this were absolutely true, the Republican mentality will never accept this. They will keep touting the worst and continue blaming the powers that be, because they don't want to see any improvement on any issue America has under this administration.
11:27 AM on 10/20/2011
While we've been watching weekly numbers and year over year changes, we've lost an entire decade. Does it feel like it's been a lousy decade? Well, it has! It's been 10 years with almost zero job growth, no per capita income growth, and no net increase in the S&P 500; Why is everyone talking about a double dip? We just lost a decade. http://bit.ly/qniScP
11:11 AM on 10/20/2011
Yeah ... Until it's revised higher next month .... :):):)
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HUFFPOST SUPER USER
MGLLC
Truth is stranger than fiction
07:01 PM on 10/20/2011
It is weekly, not monthly. It will be revised higher next week, just as last week's was.
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MaxBob
low level capitalistic agitator
11:03 AM on 10/20/2011
Something like 68K fall off the 99 cliff every month too. Magically, never counted again.
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MaxBob
low level capitalistic agitator
11:02 AM on 10/20/2011
Oh goody, the monthly average is lower. Really. That's what you want to hang your hat on? Geez, we are sooooooo scruuuuuuude.
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HUFFPOST SUPER USER
MGLLC
Truth is stranger than fiction
07:02 PM on 10/20/2011
It is WEEKLY, not monthly. Job losses are well over a million a month again.
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HUFFPOST SUPER USER
bldr1bob
10:54 AM on 10/20/2011
Anybody who believes unemployment is only 9% lives under a rock. Go out in the real world!
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3RawBob
My Bible: the Jefferson Bible
10:27 AM on 10/20/2011
The unemployment rate has nothing to do with the number of unemployment claims. It is based on a sample and then seasonally adjusted. This story is reading tea leaves.
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HUFFPOST SUPER USER
MGLLC
Truth is stranger than fiction
07:06 PM on 10/20/2011
You are quite correct that unemployment claims are based on a sample. Here in CA, we only count certain counties and ignore the rest.....expecially in ones where unemployment is well over 30%. Some counties are as high as 45%.
The weekly jobless rate is simply a report on new jobless claims. It does not follow who gets benefits and who does not. However, new jobless claims are well over 400K a week. That does not bode well for any economic recovery.
10:19 AM on 10/20/2011
Why lie to us about the unemployment rate, those people just ended their 99 weeks they haven't found work, now their going to end up homeless like me, It would be nice if the Government would treat all of us like the intelligent beings that we are and not IQ-less morons.....
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HUFFPOST SUPER USER
spinotter11
Spinning through life and trying to understand it.
10:29 AM on 10/20/2011
The BLS survey includes everyone who has looked for a job in the previous 4 weeks, not just those who are receiving unemployment benefits. Read about it on the BLS website.
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AZreb
equal-opportunity Independent heathen
10:44 AM on 10/20/2011
Take the middle letter from BLS and you have my opinion of its "numbers".
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HUFFPOST SUPER USER
MGLLC
Truth is stranger than fiction
07:16 PM on 10/20/2011
I am very sorry to hear you are homeless; I don't have the words to express my disgust with leaders who work to enrich corporations at the expense of US citizens like you and me. Something has gone very wrong with this country, it started when people got lazy and allowed the country to run itself.....now we have fools in power who are bought and paid for before they are elected. It is time for all Americans to follow the Occupy Wall Street model, and demand real change. We won't get it at the ballot box thanks to the rigged voting machines that were never fixed.
I sincerely hope you find decent housing. I don't know what state you are in, but many are giving tax breaks to investors building apartment houses for people who have lost their homes. They charge a lower rent, but the investors get a healthy tax credit for the difference. Here in CA, it is a growing industry. Foreclosures are happening at record rates, and this is a way to countermand some of the horrors since our leaders certainly won't do anything to help. You might want to google it for your home state & see what you can find.
My best wishes go with you, I wish I could help.
10:16 AM on 10/20/2011
Let's see now; "initial claims FELL TO ONLY 403,000"; are you kidding me. And this is supposed to be good; sounds more like spin for the O administration, sickening.
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spinotter11
Spinning through life and trying to understand it.
10:31 AM on 10/20/2011
These small changes are practically random fluctuations. They do not denote a significant improvement in the job situation in the USA. But articles must be written each week with the release of the latest numbers.
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Trepasky
Sanity is neither free nor easy
10:58 AM on 10/20/2011
Or to make it look like the TP/GOP is serious about jobs as that is the platform they ran on!