Page 1 of 6 123 ... LastLast
Results 1 to 10 of 59

Thread: New jobless claims up sharply as layoffs persist

  1. #1
    Banned
    Join Date
    Nov 2009
    Location
    melbourne florida
    Last Seen
    09-24-15 @ 12:15 AM
    Gender
    Lean
    Very Conservative
    Posts
    13,156

    New jobless claims up sharply as layoffs persist

    Obama is doing a great job of helping the unemployed.


    New jobless claims up sharply as layoffs persist - Yahoo! Finance

    The number of people filing new claims for jobless benefits jumped last week after three straight declines, another sign that the pace of layoffs has not slowed.

    Initial claims for jobless benefits rose by 12,000 to a seasonally adjusted 472,000, the Labor Department said Thursday. It was the highest level in a month and overshadowed a report that showed consumer prices remain essentially flat.

    The rise in jobless claims highlighted concerns about the economic rebound -- especially after a report earlier this week said home construction plunged in May after government tax credits expired.

    If layoffs persist, there's a concern that the June employment numbers may show a decline in private-sector jobs after five straight months of gains, said Jennifer Lee, an economist with BMO Capital Markets.

    "We've definitely seen the economic recovery hit a wall," Lee said.

    First-time jobless claims have hovered near 450,000 since the beginning of the year after falling steadily in the second half of 2009. That has raised concerns that hiring is lackluster and could slow the recovery.

  2. #2
    Guru

    Join Date
    Jun 2006
    Last Seen
    05-13-11 @ 09:01 PM
    Gender
    Lean
    Independent
    Posts
    4,075
    Blog Entries
    3

    Re: New jobless claims up sharply as layoffs persist

    Guess this might be the 'Double dip' recession obami said would not happen?

  3. #3
    Sage
    Ikari's Avatar
    Join Date
    Dec 2006
    Location
    Colorado
    Last Seen
    12-08-17 @ 01:05 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    54,124

    Re: New jobless claims up sharply as layoffs persist

    This may be because all the effort we went into combating the economic problem never addressed the true problem. It just took all of our money and gave it to the banks and wallstreet, the very people who drove us into the mess. It just goes to show who Washington is beholden to. Nothing was for the People. If you're going to take my money for projects or economic relief, then let's at least do it right. We should have invested in projects such as creating a true high speed rail system, or laying out a large high speed internet backbone. Those projects could take several years, they won't be permanent. But it will create jobs, it will put people to work till the economy can be flushed out. At least then you work on putting people to work and not rewarding the banks for acting inappropriately. Plus with the internet thing, you can install true net neutrality. Once it's built, private companies can use it; but since it was made with tax payer money we can put in rules for net neutrality. If my money is being taken for economic recovery actions, I'd much prefer to see it spent on projects which will help unemployment rather than helping out the uber rich who caused the mess.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

  4. #4
    Banned
    Join Date
    Nov 2009
    Location
    melbourne florida
    Last Seen
    09-24-15 @ 12:15 AM
    Gender
    Lean
    Very Conservative
    Posts
    13,156

    Re: New jobless claims up sharply as layoffs persist

    Quote Originally Posted by jujuman13 View Post
    Guess this might be the 'Double dip' recession obami said would not happen?
    No I would say it is the same recession Obama and his spending is not helping or changing anything

  5. #5
    Sage
    Lord Tammerlain's Avatar
    Join Date
    Jan 2010
    Last Seen
    Today @ 08:21 PM
    Lean
    Undisclosed
    Posts
    10,432

    Re: New jobless claims up sharply as layoffs persist

    Quote Originally Posted by jujuman13 View Post
    Guess this might be the 'Double dip' recession obami said would not happen?
    Would you rather have had him say

    The economy is in the toilet, and will remain so because to many stupid morons gave out loans to other stupid morons when both groups knew they would and could not be paid back unless housing prices continued to appreciate at unrealistic levels for years to come. That is is going to require America to take a drastic decline in spending and in wage expectations, not to mention pensions will be lost or reduced drastically
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

  6. #6
    Sage
    Lord Tammerlain's Avatar
    Join Date
    Jan 2010
    Last Seen
    Today @ 08:21 PM
    Lean
    Undisclosed
    Posts
    10,432

    Re: New jobless claims up sharply as layoffs persist

    Quote Originally Posted by ptif219 View Post
    No I would say it is the same recession Obama and his spending is not helping or changing anything
    It has helped and it will hurt

    The spending has caused the recession to be shallower then it would have been. Believe it or not without the government deficit spending in the Obama admin, the # of unemployed would be higher, housing values would be lower, and there would be more foreclousures then current levels. The spending will of course hurt future US economic growth,
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

  7. #7
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 11:39 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,613

    Re: New jobless claims up sharply as layoffs persist

    Quote Originally Posted by jujuman13 View Post
    Guess this might be the 'Double dip' recession obami said would not happen?
    wait til the dems let the clinton tax hikes hit the people who create jobs. It won't hurt the dembats in 2010 but 2012 is going to be alot of fun for the party of tax hikes and income redistribution



  8. #8
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 11:39 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,613

    Re: New jobless claims up sharply as layoffs persist

    Quote Originally Posted by Lord Tammerlain View Post
    It has helped and it will hurt

    The spending has caused the recession to be shallower then it would have been. Believe it or not without the government deficit spending in the Obama admin, the # of unemployed would be higher, housing values would be lower, and there would be more foreclousures then current levels. The spending will of course hurt future US economic growth,
    any proof of that claim? do you think the New Deal helped end the depression or prolonged it?



  9. #9
    Sage
    Lord Tammerlain's Avatar
    Join Date
    Jan 2010
    Last Seen
    Today @ 08:21 PM
    Lean
    Undisclosed
    Posts
    10,432

    Re: New jobless claims up sharply as layoffs persist

    How about simple math

    The US government has added 1.4 or so trillion dollars in spending into the US economy over the last year or so (deficit spending). This is economic activity that would not have been replaced by private non governmental spending in that period of time. $1.4 trillion is generally equivalent to 10% of the GDP of the US. You remove that level of economic activity in an already weak economy you would have had an even more drastic contraction in the US economy then what has already occured.

    Meaning cuts in the military, both on programs and on staff, cuts in medicare/medicaid. Far fewer people receiving unemployment benifits, which they have used to help maintain consumer spending in the US.

    This is what Keynsian economics is supposed to do, reduce the economic contractions during bad times, but it also should reduce the economic expansion in the good times as the debt is paid back. Continiuous government deficits is not how Keynsian economics is supposed to work
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

  10. #10
    Banned
    Join Date
    Nov 2009
    Location
    melbourne florida
    Last Seen
    09-24-15 @ 12:15 AM
    Gender
    Lean
    Very Conservative
    Posts
    13,156

    Re: New jobless claims up sharply as layoffs persist

    Quote Originally Posted by Lord Tammerlain View Post
    It has helped and it will hurt

    The spending has caused the recession to be shallower then it would have been. Believe it or not without the government deficit spending in the Obama admin, the # of unemployed would be higher, housing values would be lower, and there would be more foreclousures then current levels. The spending will of course hurt future US economic growth,
    There is no proof it helped. It did 2 things. Tripled the debt and expanded government. Obama did not learn from the failed policies of the great depression

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
  •