New Posts
By:
Filters
  • Hi there guest! Welcome to PoliticalJack.com. Register for free to join our community?

No one commenting on the "unexpected" unemployment claims report...

Lukey

Lukey

Senator
More Americans than forecast filed applications for unemployment benefits last week, a sign that the labor market is taking time to improve.

Jobless claims fell by 1,000 to 388,000 in the week ended April 21 from a revised 389,000 the prior period that was the highest since early January, Labor Department figures showed today in Washington. The median forecast of 48 economists surveyed by Bloomberg News called for a drop to 375,000.

http://www.bloomberg.com/news/2012-04-26/more-americans-than-projected-filed-jobless-claims-last-week.html

So the lefties who were all telling us how the employment picture was getting so good over the past few months, and how that was going to ensure the President's re-election, any of them expressing doubts about his prospects as a result of the job market stumbling, or are they all on to the "unemployed will vote for Obama to keep their benefits so this is good news" meme being bandied about by the communist caucus of the House of Representatives?

http://www.realclearpolitics.com/video/2012/04/25/house_dem_unemployed_will_vote_for_obama_to_keep_their_benefits.html
 
We are suffering from an austerity based economy at the state and local level..not much anyone can really do about this if all the right wing wants to talk about is corporate profits and cutting spending...are you starting to understand aggregate demand now?
 
There is no way the unemployment situation could be improving....(despite the lies/propaganda of the Obama regime).....when companies/corporations are STILL laying off employees around the country and when they do, it's usually reported somewhere on the internet.

Too bad for Obama and his idiot followers that Americans aren't as stupid and uninformed (or misinformed) as Obama expects them to be (ie as stupid as his slurpers are).

Lukey said:
More Americans than forecast filed applications for unemployment benefits last week, a sign that the labor market is taking time to improve.

Jobless claims fell by 1,000 to 388,000 in the week ended April 21 from a revised 389,000 the prior period that was the highest since early January, Labor Department figures showed today in Washington. The median forecast of 48 economists surveyed by Bloomberg News called for a drop to 375,000.

http://www.bloomberg.com/news/2012-04-26/more-americans-than-projected-filed-jobless-claims-last-week.html

So the lefties who were all telling us how the employment picture was getting so good over the past few months, and how that was going to ensure the President's re-election, any of them expressing doubts about his prospects as a result of the job market stumbling, or are they all on to the "unemployed will vote for Obama to keep their benefits so this is good news" meme being bandied about by the communist caucus of the House of Representatives?

http://www.realclearpolitics.com/video/2012/04/25/house_dem_unemployed_will_vote_for_obama_to_keep_their_benefits.html
Click to expand...
 
Woolleybugger said:
We are suffering from an austerity based economy at the state and local level..not much anyone can really do about this if all the right wing wants to talk about is corporate profits and cutting spending...are you starting to understand aggregate demand now?
Click to expand...

Are you starting to understand that govt trying to increase aggregate demand with deficit spending does not work?
 
It's a fool's game to seize on week-by-week stats as a signal of longer-term economic trends. I mean, if I wanted, I could point out that jobless claims actually fell during the week, and I could claim that was proof that the labor market was, indeed, improving under Obama. But it's one week, so it means next to nothing.
 
Lukey said:
jobless claims fell by 1,000 to 388,000 in the week ended April 21 from a revised 389,000 the prior period that was the highest since early January, Labor Department figures showed today in Washington. The median forecast of 48 economists surveyed by Bloomberg News called for a drop to 375,000.
Click to expand...

That's the 10th week in a row that prior weeks claims were revised UPWARD, and then big media headlines claim numbers lower than the week before, thus an improvement.

That means this weeks 388k claims number will be revised to 400k next week, to make next week 399k number look like an improvement.
 
it doesn't? Tell that to the millions of private sector jobs created under Obama and then tell the laid off teachers, cops, firemen, regulators and so on that they lost their jobs because government spending is wrong...you know, they will just get hired in the private sector once you guys fire everybody...
 
Woolleybugger said:
We are suffering from an austerity based economy at the state and local level..not much anyone can really do about this if all the right wing wants to talk about is corporate profits and cutting spending...are you starting to understand aggregate demand now?
Click to expand...

If our entire economic prospects rest on the federal, state and local governments continuing to spend money they don't have and can't afford to borrow, God help us...
 
Woolleybugger said:
it doesn't? Tell that to the millions of private sector jobs created under Obama and then tell the laid off teachers, cops, firemen, regulators and so on that they lost their jobs because government spending is wrong...you know, they will just get hired in the private sector once you guys fire everybody...
Click to expand...

But they aren't real!!! They wouldn't exist if it weren't for the government spending money they don't have and cannot afford to borrow!
 
Woolleybugger said:
In a recession, that is one of the tools available...I hope you are old enough to remember Ronnie doing it too...so did Bush.
Click to expand...

After a decade of trillion dollar deficits, aren't you beginning to think that two trillion or three trillion (or ten trillion) isn't going to matter? I am...
 
Woolleybugger said:
it doesn't? Tell that to the millions of private sector jobs created under Obama and then tell the laid off teachers, cops, firemen, regulators and so on that they lost their jobs because government spending is wrong...you know, they will just get hired in the private sector once you guys fire everybody...
Click to expand...

Maybe you should tell that to Obama's Secretary of Treasury who said it UNSUSTAINABLE!

Sure with the trillions of borrowed/printed dollars you can finance a artificial recovery for SHORT PERIOD, but eventually, the BILL COMES DUE.

According to the CBO, that bill comes due in the next 2 years when ALL Federal Taxes increase by 30%.

CBO: Taxes Will 'Shoot Up by More Than 30 Percent' Over Next 2 ...
cnsnews.com › News
Jan 31, 2012 – CBO: Taxes Will 'Shoot Up by More Than 30 Percent' Over Next 2 Years ... So, in the next two years federal tax revenues will rise from a level ...
You've visited this page many times. Last visit: 4/11/12
 
As i suspect that you know, there is ALWAYS job turnover. Some people quit their jobs and move on to other jobs or other stuff (e.g. going to school or being a stay at home mother). Some are laid off. Some businesses fail - even in good times. On the other hand, lots of folks do get hired. When more people are being hired than are losing their jobs and/or leaving the workfoce, that is a good thing. If hiring turns into a sustained trend, it is a good recovery. The news of the past six months has provided reasons to hope but no reason to be complacent.

So would you expect a sudden explosion in hiring if Romney and the Republicans were elected? If they were elected and the economy fizzled, would you still blame Obama? (No need to answer, this was a rhetorical question.)

Lapcat said:
There is no way the unemployment situation could be improving....(despite the lies/propaganda of the Obama regime).....when companies/corporations are STILL laying off employees around the country and when they do, it's usually reported somewhere on the internet.

Too bad for Obama and his idiot followers that Americans aren't as stupid and uninformed (or misinformed) as Obama expects them to be (ie as stupid as his slurpers are).
Click to expand...
 
Good job Lukey.. we can always count on you to seize on a meaningless one week stat in order to pin the tail on the donkey.

And of course, had the news been good you'd have said: One week? Meaningless! :D
 
Woolleybugger said:
it doesn't? Tell that to the millions of private sector jobs created under Obama and then tell the laid off teachers, cops, firemen, regulators and so on that they lost their jobs because government spending is wrong...you know, they will just get hired in the private sector once you guys fire everybody...
Click to expand...

Republicans know that more austerity will only further slow our economic recovery, which is completely consistent with their sabotage aims.
 
You must log in or register to reply here.

Latest posts

Back
Top