Gator Country

dangolegators · 03-07-2013, 01:00 PM

More good news. Today's new jobless claims are down to 340k.

Quote:

WASHINGTON -- New jobless claims dropped again last week to 340,000, near a post-Great Recession low, and the less volatile four-week average fell to its lowest level in five years, the Labor Department said Thursday.

http://www.latimes.com/business/mone...,6738824.story

New jobless claims have been consistently lower in the last couple of months than they were last fall and summer. Hopefully well get a good jobs number tomorrow.

SydneySLee · 03-07-2013, 08:08 PM

Quote:

Originally Posted by dangolegators

More good news. Today's new jobless claims are down to 340k.

http://www.latimes.com/business/mone...,6738824.story

New jobless claims have been consistently lower in the last couple of months than they were last fall and summer. Hopefully well get a good jobs number tomorrow.

240K? My guess

surfn1080 · 03-07-2013, 08:15 PM

besides this week and last week, how has it looked that past month? If many people entered into the job market to look for a job, the unemployment number will go up.

**mdgator05** · 03-07-2013, 08:24 PM

This week's numbers will show up in the next report. The monthly numbers were fully collected before this week.

ADP reported an increase of 198K private sector jobs. I would imagine you will see a smaller overall number in BLS, as it includes public employees, which have been getting cut for months now.

**rajinGator** · 03-08-2013, 01:41 AM

Who said the Sequestration would have drastic, negative effects? Good news indeed!

**ThePlayer** · 03-08-2013, 03:16 AM

Quote:

Originally Posted by rajinGator

Who said the Sequestration would have drastic, negative effects? Good news indeed!

Just wait...the impact of those will take place over the next several months.
They will likely hit Virginia, Texas and California with the most impact but other states will affected too.

Gatorrick22 · 03-08-2013, 04:08 AM

Quote:

Originally Posted by dangolegators

Every little bit of good news is a good thing. Jobless claims have been consistently lower for the last number of weeks. And the amount of people on unemployment is at its lowest since 2008.

http://www.latimes.com/business/la-f...0,207052.story

If this were a long term trend, then you'd really be on to something big.

GatorAvatar · 03-08-2013, 10:29 AM

236000 new jobs, unemployment rate down to 7.7%. Imagine if Romney had win...he would be getting all the accolades.

surfn1080 · 03-08-2013, 10:34 AM

Quote:

Originally Posted by GatorAvatar

236000 new jobs, unemployment rate down to 7.7%. Imagine if Romney had win...he would be getting all the accolades.

Participation rate remains at all time lows though. So the question is, are we actually keeping up with population growth?

Can anyone answer me why we don't use the real unemployment number??

108 · 03-08-2013, 10:35 AM

Quote:

Originally Posted by mastoidbone

4 wk average is still over 350,000---which is NOT a good number or a number associated with a recovery.

What it is is the new Obama normal---low Econ activity, high unemployment, high deficits....did I leave anything out?

Only thing really cooking now is housing and tech and energy---none of which he has done much to create.

Stop comparing with previous recoveries...the variables are not the same

malligator · 03-08-2013, 10:35 AM

Quote:

Originally Posted by GatorAvatar

236000 new jobs, unemployment rate down to 7.7%. Imagine if Romney had win...he would be getting all the accolades.

And imagine if the number had been reversed. The Pubs would be getting the blame because of the sequester.

108 · 03-08-2013, 10:37 AM

It is funny to think of how the responses would be different had Romney won

Gator_Tom66 · 03-08-2013, 11:28 AM

Quote:

Originally Posted by 108

It is funny to think of how the responses would be different had Romney won

sure is, you and Dango would be complaining, instead of cheerleading.

The numbers are a small, good sign. I wouldn't get too worked up about such a small amount of good news.

But hey, thats what cheerleader do, i guess.

**gatorchris** · 03-08-2013, 11:34 AM

Quote:

Originally Posted by SydneySLee

240K? My guess

Good guess...

orangeblueorangeblue · 03-08-2013, 11:42 AM

Good news. Hopefully a sign of things to come.

**gatorman_07732** · 03-08-2013, 12:54 PM

Can anyone explain why the labor participation rate went down?

**gator10010** · 03-08-2013, 12:56 PM

Quote:

Originally Posted by gatorman_07732

Can anyone explain why the labor participation rate went down?

Record 89,304,000 Americans 'Not in Labor Force' -- 296,000 Fewer Employed Since January

http://cnsnews.com/news/article/reco...ployed-january

**mdgator05** · 03-08-2013, 01:33 PM

Quote:

Originally Posted by surfn1080

Participation rate remains at all time lows though. So the question is, are we actually keeping up with population growth?

Can anyone answer me why we don't use the real unemployment number??

First, a minor point, but participation rates are not at an all time low. They are at a recent time low. They were lower as recently as the early 1980s.

Second, what is this mythical "real unemployment rate?" The BLS reports 6 different unemployment rates consisting of a variety of different definitions. The metrics have thus far tracked change pretty consistently, although by definition the levels differ.

wgbgator · 03-08-2013, 01:42 PM

Quote:

Originally Posted by gatorman_07732

Can anyone explain why the labor participation rate went down?

Well, its been trending downward for decades. Are we talking about from one-month to another or for the last few decades?

The basic answer is: a) employers don't need as many people to do work and b) people can find other ways to get by without being formally in the work force.

The_Graygator · 03-08-2013, 01:43 PM

Quote:

Originally Posted by mastoidbone

try again---the more reliable 4 week moving average rose by a hair---so the news was very little and it was for the worse.

The 4 week average of 352,500 shows we us employment is tepid---and terrible for a recovery...meaning seems like obama new normal is the new normal.

This is what libs accept.

Under Bush, it was below 5% before the Dems took over congress in 2007.

The libs can come here and post the OA's propaganda of spin-doctored and cooked employment books all they want, but it doesn't change the fact that we had 149 million people working when Obama took office and we now have less than 138 million working, with a total of 8.3 less jobs available in the work force, which means an even more shrunken economy.

There is NO recovery or "economic improvemnt".

It is a lie, BS, a farce, pure fiction, and there is ZERO to support that claim. They can repeat it to the heavens all they want until they believe it (which is what I did when I was a lib), but it's still pure leftist, politically-driven propaganda.