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Thread: Jobless claims fall to lowest level since early 2006

  1. #31
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    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by danarhea View Post
    2) What kind of jobs are people getting, and what is the pay? Although there are a number of manufacturing job being created, they are far outpaced by low-wage service industry jobs. IMHO, a fry cook McJob is not the kind of job we need to be bragging about.

    All in all, it is going to be a generation before the economy improves to a point that is comparable to what we had before the Great Recession began. Yes, they say that we are out of recession, but the economy is weak, and will remain weak for some time to come. This is nothing that Obama or anybody else has a fast fix for. If the GOP says they can end this quickly, then they are lying to you.
    The problem resides within how wealth was impacted, and to whom wealth recovery continues to evade. The U.S. has only just recovered from wealth lost on both an aggregate and per capita basis, yet the recovery has not been equal as real estate prices have not experienced the same reversal that has occurred in financial markets. As a result millions of Americans are less wealthy than they were 6 years ago, which limits their desire to both spend and take risks.

    You are absolutely correct, there is no fast fix. There is only softening the blow.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
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  2. #32
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    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by Kushinator View Post
    You are still ignoring price dynamics:
    I'm not "ignoring" it, since the topic still is your claim that since the recession the quality of jobs has not declined.

    It has, by your own reference. Wages, in real terms, have declined since 2009.

    It is up to you to show how the "GDP IPD" (spending) has "skewed" the very BLS wage data you cited
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: Jobless claims fall to lowest level since early 2006

    Jobless claims mean squat if new home construction falters.

    Oh lookee...

    New-Home Sales Slid 8.1% in June, Stirring Up a Growth Headwind

    'The market for newly built homes weakened in the first half of the year, a development that's likely to impede economic growth and could hold back job creation in 2014.

    Sales of new single-family homes are down 4.9% through the first six months of the year compared to the same period of 2013, according to Commerce Department data released Thursday.

    June sales fell 8.1% from May to a seasonally adjusted annual rate of 406,000. The reading was well below expectations. Economists surveyed by The Wall Street Journal had predicted a June sales pace of 475,000. Meanwhile, May sales were revised down to a rate of 442,000 from a previously estimated 504,000. The initial May reading would have been the strongest pace since the recovery began, but the revised figure isn't even the best of the year.'


    New-Home Sales Tumbled in June - WSJ

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    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by Kushinator View Post
    If the "quality of jobs" was in such decline, we would be observing consistent declines in median weekly earnings of full-time wage and salary workers.
    Well, we do see an increase in full time workers to the highest in 6 years on that chart while the Mean income in constant dollars is at its lowest. Hmmmmmmm.....
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

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    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by Kushinator View Post
    If the "quality of jobs" was in such decline, we would be observing consistent declines in median weekly earnings of full-time wage and salary workers.
    No we wouldn't necessarily. Folks who once had one full time job now have two or more part time jobs.

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    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by clownboy View Post
    No we wouldn't necessarily. Folks who once had one full time job now have two or more part time jobs.
    Good point.

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    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by Kushinator View Post
    It looks as though labor markets are beginning to pick up a considerable amount of momentum. Persistent employment growth coupled with this sudden drop in new claims figures to set the stage for a reversal in real output growth. U.S. real GDP declined by 2.9 % in the first quarter of 2014, initially stoking fears of an impending recession. Yet that figure seems to be an outlier which can be attributable to a weakness in private inventory investment. Second quarter output data will be released this Wednesday (the 30th) and should shed a considerable amount of light on the U.S. economy.

    The rest of the article can be found here.
    This might have already been noted, but what part of this drop can be attributed to the fact that the extension on unemployment insurance wasn't renewed as of January 1, 2014 and significant numbers of unemployed no longer qualify for jobless benefits?
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by CanadaJohn View Post
    This might have already been noted, but what part of this drop can be attributed to the fact that the extension on unemployment insurance wasn't renewed as of January 1, 2014 and significant numbers of unemployed no longer qualify for jobless benefits?
    It has already been shown that UI has caused little to no effect on length of unemployment. This attempt to blame UI for unemployment is a failure before it began.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  9. #39
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    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by Gimmesometruth View Post
    It has already been shown that UI has caused little to no effect on length of unemployment. This attempt to blame UI for unemployment is a failure before it began.
    Good thing you posted this - now I don't have to ask for messy stuff like proof.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by CanadaJohn View Post
    Good thing you posted this - now I don't have to ask for messy stuff like proof.
    I have never seen you accept it, so it would be pointless to ask.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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