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Jobless Claims Cast a Pall Over Job Market

Taylor

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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.
 
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.






Again.
 
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.
 
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.
 
Is it just me or does a certain demographic seem to almost root for a bad economy?
 
It's you. ;):cool:

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.
 
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.
 
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."
 
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.
 
about two-thirds of employment gains come from the small business sector
it is that segment of our economy which has been unable to gain access to capital. in fact, renewal of credit lines are frequently being denied
meanwhile, that trillion dollar transfer of wealth from the wage earning taxpayer to the multi-national banks is being spent in the form of major loans overseas
never have so few owed so much to so many
Obama better figure out a way to infuse the small business sector with liquidity if he does not want to be a one term president
 
Deuce said:
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.

That's not what I see. I see those who are of the economic right trying to highlight basic truths and transparency involved in the numbers, while left-leaning ideologues use blind faith to read almost cryptic signs that force them to preach about a sure-signed recovery to the point that it validates their 2008 votes. They know the crow-eating involved when they realize their poster child in the Oval Office didn't come through with jack of what he promised, not that he promised a whole lot.

Nobody is rooting for the economy to fail and for the country to go into perpetual recession. There are just some who can see things and call a spade a spade without getting butthurt about their political ethos.
 
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.

Not only that....its the same folk that are trying to convince people that the economy isn't recovering despite every economic indicator that it is.

The right-wing is desperate to try to keep things looking bad because it is their only hope in November. :doh
 
Not only that....its the same folk that are trying to convince people that the economy isn't recovering despite every economic indicator that it is.
Hmm. Sounds like 2002-2003-2004 all over again.
 
its the same folk that are trying to convince people that the economy isn't recovering
From the OP:

"While we're in a period of recovery, it's going to be very rocky ride back."
 
In what way?
The economy was beginning to decline. That was the beginning of GWB's recession.
:rofl
2002-2003-2004 was the period of recovery from the Clinton recession.
Whenever anyone pointed out good economic news, the BDS left were quick to say "nuh-uh!" as loud as they could.
 
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Not only that....its the same folk that are trying to convince people that the economy isn't recovering despite every economic indicator that it is.

The right-wing is desperate to try to keep things looking bad because it is their only hope in November. :doh

If you don't have a job, and can't get one, then there's no need for an economic indicator.

And November, I'm sorry to tell you, is already in the bag for Republicans. The Dems are going to take huge hits, including a lot of people who've been running your party for a long, long time.
 
If you don't have a job, and can't get one, then there's no need for an economic indicator.

And November, I'm sorry to tell you, is already in the bag for Republicans. The Dems are going to take huge hits, including a lot of people who've been running your party for a long, long time.

But why is that a good thing? Republicans are no better then democrats at governance. They're both as money grabbing, lying cheats as eachother. So you can vote in one party that will screw you over, and another party that will screw you over.
 
But why is that a good thing? Republicans are no better then democrats at governance. They're both as money grabbing, lying cheats as eachother. So you can vote in one party that will screw you over, and another party that will screw you over.

Show us one person here who said a bad economy is a good thing.

Go on.
 
Show us one person here who said a bad economy is a good thing.

Go on.

I was pointing to his talking about how republicans will win in november, not about a bad economy.

I'm just sayin, no matter what party's in power, they're both morons so it doesn't matter.
 
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.

I know, its kind of crazy. Bad economic news is always posted and focused primarily on by one group of people here, and Good economic news is always posted and focused primarily on by another group of people here.

Its like this weird bizarro world of 3 or 4 years ago, when the second group only posted bad economic news and the first group only posted good economic news.

Weird how that works.

What is even weirder is that one particular group makes these accusations in bad economic posts, while another group makes these accusations in good economic posts, but rarely does anyone make them in both posts.

Odd, I think this had a bizarro world trend from some years ago too.

Why would that be...hmmm...what could possibly be the reason....
 
If you don't have a job, and can't get one, then there's no need for an economic indicator.

And November, I'm sorry to tell you, is already in the bag for Republicans. The Dems are going to take huge hits, including a lot of people who've been running your party for a long, long time.

The majority party always loses seats in the midterm, it's like clockwork, so I guess that depends on your definition of "in the bag." Fivethirtyeight predicts an 85% chance of the Democrats maintaining at least 51 seats in the Senate. I haven't seen a comprehensive breakdown of House battles.

If the current job creation trend continues, I suspect that will swing things back towards Team Blue somewhat. Eight months of six-figure job creation stats will help qualm fears about the economy.
 
Not only that....its the same folk that are trying to convince people that the economy isn't recovering despite every economic indicator that it is.

The right-wing is desperate to try to keep things looking bad because it is their only hope in November. :doh

Change "right-wing" to "left-wing" and this could be a Deegan or Stinger post from 2006.

Change "economy isn't recovering despite every economic indicator that it is" to "we're not making progress in Iraq despite every indicator that we are" and this could be a Navy Pride or ARealConservative post from 2008.
 
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