Page 1 of 6 123 ... LastLast
Results 1 to 10 of 54

Thread: Jobless claims fall to lowest level since early 2006

  1. #1
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 10:21 AM
    Gender
    Lean
    Independent
    Posts
    16,253

    Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by Reuters
    The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/2 years last week, suggesting the labor market recovery was gaining traction.
    Initial claims for state unemployment benefits declined 19,000 to a seasonally adjusted 284,000 for the week ended July 19, the Labor Department said on Thursday.
    That was the lowest level since February 2006, and confounded economists' expectations for a rise to 308,000.
    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.
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  2. #2
    Sage
    Crovax's Avatar
    Join Date
    Feb 2014
    Location
    South Texas
    Last Seen
    Today @ 11:02 AM
    Gender
    Lean
    Conservative
    Posts
    9,520

    Re: Jobless claims fall to lowest level since early 2006

    The workforce participation rate is the lowest in 36 years, no matter how you juke the other stats the jobs just aren't there

  3. #3
    Sage

    Join Date
    Jul 2013
    Last Seen
    Today @ 05:39 PM
    Lean
    Independent
    Posts
    43,264

    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.
    Unscientifically speaking, a normal business cycle has around seven to ten years in it. say 2008 was the trough. We should be getting close to the top.

  4. #4
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 10:21 AM
    Gender
    Lean
    Independent
    Posts
    16,253

    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by Crovax View Post
    The workforce participation rate is the lowest in 36 years, no matter how you juke the other stats the jobs just aren't there
    Here are some figures regarding U.S. population demographics:

    • The average prime working age LFPR since 2007 is 82.0%, and the average 55-and-over LFPR since 2007 is 40.1%
    • The size of the 55-and-over population has increased by 15.619 million relative to that of the prime working age population since 2007
    • 15.619 million multiplied by the difference between the two participation rates (82.0% - 40.1%) implies that this simple demographic shift alone has left only 6.544 million workers at the end of 2013 where there were 15.619 million at the end of 2007
    • Subtract that 6.544 million still in the labor force from the 15.619 million who made the shift from the first bucket to the second bucket and you get 9.075 million people 55 years of age or over who have left the labor force over the past six years




    Source
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  5. #5
    Sage
    KevinKohler's Avatar
    Join Date
    Oct 2011
    Location
    CT
    Last Seen
    Yesterday @ 09:32 PM
    Gender
    Lean
    Undisclosed
    Posts
    15,968
    Blog Entries
    1

    Re: Jobless claims fall to lowest level since early 2006

    Not to mention the quality of jobs...
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  6. #6
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 10:21 AM
    Gender
    Lean
    Independent
    Posts
    16,253

    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by joG View Post
    Unscientifically speaking, a normal business cycle has around seven to ten years in it. say 2008 was the trough. We should be getting close to the top.
    Statistically speaking, expansion durations (previous peak through trough) have averaged 38.2 months going all the way back to 1857. Since 1945, expansion durations have averaged 54 months and since 1980 this figure has increased 31% to 71 months.

    Source
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  7. #7
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 10:21 AM
    Gender
    Lean
    Independent
    Posts
    16,253

    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by KevinKohler View Post
    Not to mention the quality of jobs...
    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.
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  8. #8
    Sage
    KevinKohler's Avatar
    Join Date
    Oct 2011
    Location
    CT
    Last Seen
    Yesterday @ 09:32 PM
    Gender
    Lean
    Undisclosed
    Posts
    15,968
    Blog Entries
    1

    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.
    And the last info I had seen showed that most of our job growth was in part time and temp jobs...
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  9. #9
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 10:21 AM
    Gender
    Lean
    Independent
    Posts
    16,253

    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by KevinKohler View Post
    And the last info I had seen showed that most of our job growth was in part time and temp jobs...
    So if it doesn't transition into a general lowering of median wages, what does that tell you?
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  10. #10
    Guru
    pinqy's Avatar
    Join Date
    Dec 2012
    Location
    Northern Virginia
    Last Seen
    Today @ 05:21 PM
    Gender
    Lean
    Centrist
    Posts
    4,369

    Re: Jobless claims fall to lowest level since early 2006

    Quote Originally Posted by Crovax View Post
    The workforce participation rate is the lowest in 36 years, no matter how you juke the other stats the jobs just aren't there
    The Labor Force Participation Rate has nothing to do with the existence or non-existence of jobs. The LFPR is simply the percent of the adult civilian non-institutional population that is working or trying to work. Demographic changes have more to do with it than labor market conditions.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

Page 1 of 6 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •