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Unemployment claims show a big drop

lpast

lpast

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Finally a little good news, admittedly nothing to break out the champagne about...but its better than it being WORSE than its been.



The number of people seeking unemployment benefits fell sharply last week, an encouraging sign that layoffs are easing.
The Labor Department says weekly applications dropped 37,000 to a seasonally adjusted 391,000, lowest since April 2. It's the first time applications have fallen below 400,000 since Aug. 6.


Unemployment claims show a big drop
 
People are giving up. I've been looking for a job for quite some time now. Can't seem to track one down.
 
Ikari said:
People are giving up. I've been looking for a job for quite some time now. Can't seem to track one down.
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I'm sorry man. Keep trying, don't give up. I know it's easier said than done, but I know people who just about gave up who found something. It may not be a dream job, but it pays the bills.

I pray that everyone on this forum who is unemployed or underemployed find a good paying job soon.
 
Could unemployment claims have dropped because everyone has ran out of claims? Or are these just for new claims?
 
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Try counting backwards to when Obama lengthened the time period for claims and you will see those people will slowly be dropping off. Now they will have to look for a job in ernest.
 
Ikari said:
People are giving up. I've been looking for a job for quite some time now. Can't seem to track one down.
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hope that you find something good soon.

it stinks. i was out of work nine months in '09 - '10, and finding a job was very difficult.
 
dontworrybehappy said:
I'm sorry man. Keep trying, don't give up. I know it's easier said than done, but I know people who just about gave up who found something. It may not be a dream job, but it pays the bills.

I pray that everyone on this forum who is unemployed or underemployed find a good paying job soon.
Click to expand...

Yeah, my problem however is that I have a PhD in physics. So I'm very restricted in where I can work because there isn't just a "something" that I'm not so overqualified for that someone would give me a shot (mostly because once the economy improves, they'd figure I'd jet out of there for the first R&D job I could get...which wouldn't be far from the truth). So it's academia (where there are no teaching jobs left) or industry (where the high tech sector has been demolished).

Go to school, get an education and a degree so you can get a better job. I kept hearing that. Turns out not to be so true. If the government forgets the people and works in it's own and corporate interests for too long, it doesn't matter what your education level is because the economy will become so f'd up that it doesn't matter.
 
Unemployment wont come down as long as demand is not there and demand wont be there because people are insecure about the future because one side of the political spectrum (depends on which country) and so called "experts" continue to talk doom and gloom and often because there is profit in negative outcomes.
 
PeteEU said:
Unemployment wont come down as long as demand is not there and demand wont be there because people are insecure about the future because one side of the political spectrum (depends on which country) and so called "experts" continue to talk doom and gloom and often because there is profit in negative outcomes.
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Actually, in the US nobody is listening to the "experts" and everyone listening to the politicians and the talking heads.
 
StillBallin75 said:
Actually, in the US nobody is listening to the "experts" and everyone listening to the politicians and the talking heads.
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Same thing often. The Politicians use and listen to "experts" and the TV news use "experts" and they almost always use very pessimistic "experts" with very little counter wieght, so the over all mood is doom and gloom.

Take Spain... the so called experts and politicians and media constantly state "the sovereign debt problem of Spain"... instead of the actual fact.. that Spain has one of the lowest debt vs GDP if not the lowest of the major economies.. 64% last time I looked a few weeks ago.

Miss-information for political and profit purposes are ripe and they are almost universally negative which depresses demand which in turn means unemployment goes up. And add to this cluster**** you have certain countries where the whole political system is ****ed up due to infighting /wave USA, so nothing what so ever can get done to fix major problems. Much of this **** could be fixed if the US congress and President could get their big business backers hands out of their asses and actually do something about the housing problem that caused this **** in the first place. Yes this means haircuts and debt forgiveness on an epic scale, but there is no way out of the problem since most people's wealth is sitting in their homes.

This crisis is 70%+ mental and 30% real economic problems.
 
Ikari said:
Yeah, my problem however is that I have a PhD in physics. So I'm very restricted in where I can work because there isn't just a "something" that I'm not so overqualified for that someone would give me a shot (mostly because once the economy improves, they'd figure I'd jet out of there for the first R&D job I could get...which wouldn't be far from the truth). So it's academia (where there are no teaching jobs left) or industry (where the high tech sector has been demolished).

Go to school, get an education and a degree so you can get a better job. I kept hearing that. Turns out not to be so true. If the government forgets the people and works in it's own and corporate interests for too long, it doesn't matter what your education level is because the economy will become so f'd up that it doesn't matter.
Click to expand...

i hear you. i'm masters level molecular / microbiology. most R&D (at least in my area) is hiring temporary contractors instead of real employees. i did this; now i am back in academia. and i feel very lucky, even though it's significantly less pay. i job searched all of this past summer as my contract was coming to an end. there weren't a lot of jobs listed, and most of those that were had a leading candidate, so they were not real job postings. businesses are trying to outsource everything. the only jobs they aren't outsourcing are the people sitting at desks dealing with the CROs that the work has been outsourced to.
 
Ikari said:
Yeah, my problem however is that I have a PhD in physics. So I'm very restricted in where I can work because there isn't just a "something" that I'm not so overqualified for that someone would give me a shot (mostly because once the economy improves, they'd figure I'd jet out of there for the first R&D job I could get...which wouldn't be far from the truth). So it's academia (where there are no teaching jobs left) or industry (where the high tech sector has been demolished).

Go to school, get an education and a degree so you can get a better job. I kept hearing that. Turns out not to be so true. If the government forgets the people and works in it's own and corporate interests for too long, it doesn't matter what your education level is because the economy will become so f'd up that it doesn't matter.
Click to expand...

There's always that cold fusion problem that i hear can be fixed if you just spent enough time in your basement or garage. :)

Actually, I'm half serious.


Tim-
 
lpast said:
Its about new claims...the giving up thing doesnt apply
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So, in other words, if 100% if the labor force becomes unemployed, uses up all their benefits, and then are dropped from the unemployment rolls, our unemployment rate would then be zero? Damn, I love this kind of math. I think I will run for president. I can think up ways to get unemployment to zero that Bush and Obama combined never thought of. LOL.
 
Ikari said:
Yeah, my problem however is that I have a PhD in physics. So I'm very restricted in where I can work because there isn't just a "something" that I'm not so overqualified for that someone would give me a shot (mostly because once the economy improves, they'd figure I'd jet out of there for the first R&D job I could get...which wouldn't be far from the truth). So it's academia (where there are no teaching jobs left) or industry (where the high tech sector has been demolished).

Go to school, get an education and a degree so you can get a better job. I kept hearing that. Turns out not to be so true. If the government forgets the people and works in it's own and corporate interests for too long, it doesn't matter what your education level is because the economy will become so f'd up that it doesn't matter.
Click to expand...

If you can take some ASCP (Advanced Supply Chain Planning) courses. On any resume and cover letter state that you are looking to transition into another field. With your education and ASCP getting above entry level jobs would not be too difficult. The pay is also better then I recall you stated you were getting in your field. It doesnt matter if you want to transition out or not it would not be a bad stop gap measure
 
Ikari said:
People are giving up. I've been looking for a job for quite some time now. Can't seem to track one down.
Click to expand...

Come to Louisiana. I have a hand that needs to be replaced.
 
danarhea said:
So, in other words, if 100% if the labor force becomes unemployed, uses up all their benefits, and then are dropped from the unemployment rolls, our unemployment rate would then be zero? Damn, I love this kind of math. I think I will run for president. I can think up ways to get unemployment to zero that Bush and Obama combined never thought of. LOL.
Click to expand...

You should instead run for a book on basic logic. The statistic in question deals with NEW claims for unemployment. It has absolutely nothing to do with people who are already unemployed.
 
lpast said:
Finally a little good news, admittedly nothing to break out the champagne about...but its better than it being WORSE than its been.
Click to expand...

Or it means they have been unemployed for so long their unemployment benefits expired
 
Ikari said:
Yeah, my problem however is that I have a PhD in physics. So I'm very restricted in where I can work because there isn't just a "something" that I'm not so overqualified for that someone would give me a shot (mostly because once the economy improves, they'd figure I'd jet out of there for the first R&D job I could get...which wouldn't be far from the truth). So it's academia (where there are no teaching jobs left) or industry (where the high tech sector has been demolished).

Go to school, get an education and a degree so you can get a better job. I kept hearing that. Turns out not to be so true. If the government forgets the people and works in it's own and corporate interests for too long, it doesn't matter what your education level is because the economy will become so f'd up that it doesn't matter.
Click to expand...

do you have to mention the PhD? seems an undergrad in physics ought to "barely over qualify" you for plenty of work.
 
Helix said:
i hear you. i'm masters level molecular / microbiology. most R&D (at least in my area) is hiring temporary contractors instead of real employees. i did this; now i am back in academia. and i feel very lucky, even though it's significantly less pay. i job searched all of this past summer as my contract was coming to an end. there weren't a lot of jobs listed, and most of those that were had a leading candidate, so they were not real job postings. businesses are trying to outsource everything. the only jobs they aren't outsourcing are the people sitting at desks dealing with the CROs that the work has been outsourced to.
Click to expand...

I'll be contracting in a couple of years. The plan is to make and sock away enough money rapidly that I can afford to do most anything afterwards - it's exceedingly unpredictable.
 
This was inevitable and in reality more bad news because as Daily Finance says the real unemployment number is closer to 16.6% that the published 9.whatever, and the reason is more people are now falling off the rolls and once you reach a certain low point there has to be a time when the numbers will seem to flatten out.

We are there and the next numbers will will frightening.

You have to look to the actual cause of any change in numbers and not get excited when it appears to be getting better, remember numbers don't lie but people do, and things are not always as they appear to be.
 
AdamT said:
You should instead run for a book on basic logic. The statistic in question deals with NEW claims for unemployment. It has absolutely nothing to do with people who are already unemployed.
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Nothing, except, that when thier unemploment benefits run out, they are dropped from the equation. Thus affecting the unemployment rate.
 
Ikari said:
People are giving up. I've been looking for a job for quite some time now. Can't seem to track one down.
Click to expand...

They're out there... have you tried staffing agencies?
 
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