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Thread: Jobless Claims Cast a Pall Over Job Market

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    Jobless Claims Cast a Pall Over Job Market

    Jobless Claims Cast a Pall Over Job Market
    The number of workers filing new applications for unemployment insurance unexpectedly rose last week for the first time since early April, suggesting the labor market recovery has hit a stumbling block.

    Initial claims for state unemployment benefits increased 25,000 to a seasonally adjusted 471,000 in the week ended May 15, the highest level since the week ended April 10, the Labor Department said on Thursday.

    The surprise jump took a toll on U.S. financial markets, already reeling on concerns Europe's debt crisis could put a damper on the U.S. economic recovery.
    Jobless Claims Cast a Pall Over Job Market - ABC News

    It looks like the unemployment rate wants to remain high for a while longer. The surge in jobless claims is an unexpected turn that's bad news for the economy. While we're in a period of recovery, it's going to be very rocky ride back. Bad news for those wanting things to turn around before November.

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    Re: Jobless Claims Cast a Pall Over Job Market

    Quote Originally Posted by Taylor View Post
    Jobless Claims Cast a Pall Over Job Market

    Jobless Claims Cast a Pall Over Job Market - ABC News

    It looks like the unemployment rate wants to remain high for a while longer. The surge in jobless claims is an unexpected turn that's bad news for the economy. While we're in a period of recovery, it's going to be very rocky ride back. Bad news for those wanting things to turn around before November.
    I guess the folks praising the reduction a few weeks ago jumped the gun.






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    Re: Jobless Claims Cast a Pall Over Job Market

    Quote Originally Posted by texmaster View Post
    I guess the folks praising the reduction a few weeks ago jumped the gun.
    It looks like we'll be heading into psychologically-significant double-digit unemployment.

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    Re: Jobless Claims Cast a Pall Over Job Market

    Quote Originally Posted by Taylor View Post
    It looks like we'll be heading into psychologically-significant double-digit unemployment.
    Sure sounds like it.

    Perhaps the massive spending "job creation" wasn't the hope and change we were looking for.
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    Re: Jobless Claims Cast a Pall Over Job Market

    Is it just me or does a certain demographic seem to almost root for a bad economy?
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Jobless Claims Cast a Pall Over Job Market

    Quote Originally Posted by Deuce View Post
    Is it just me or does a certain demographic seem to almost root for a bad economy?
    It's you.

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    Re: Jobless Claims Cast a Pall Over Job Market

    Quote Originally Posted by Taylor View Post
    It's you.
    Are you sure? Every time a thread about poor economic signs comes up, there's a particular group of people with a common trait who pop up in each of them. They typically seem almost gleeful at the prospect of a slow economic recovery.

    If, hypothetically, there are posters out there who find themselves pleased with such a news story for some reason, they should probably do a self-analysis as to why, and maybe consider what their attitude says about their priorities.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Jobless Claims Cast a Pall Over Job Market

    Adding fuel to the selloff:

    US Leading Index Falls; Factory Activity Disappoints
    An index meant to gauge the future strength of the U.S. economy fell slightly in April, marking its first decline in more than a year, a private industry group said on Thursday.

    The Conference Board said its index of U.S. leading economic indicators slipped 0.1 percent last month, surprising analysts who had been looking for a 0.2 percent gain.

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    Re: Jobless Claims Cast a Pall Over Job Market

    Quote Originally Posted by Deuce View Post
    Are you sure? Every time a thread about poor economic signs comes up, there's a particular group of people with a common trait who pop up in each of them. They typically seem almost gleeful at the prospect of a slow economic recovery.
    This is costing me money. I'm hardly "gleeful."

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    Re: Jobless Claims Cast a Pall Over Job Market

    Quote Originally Posted by Deuce View Post
    Is it just me or does a certain demographic seem to almost root for a bad economy?
    Just like a certain demographic rooted for heavy US casualties in Iraq.

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