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applegrove

(118,659 posts)
Thu Apr 21, 2016, 06:23 PM Apr 2016

Jobless Claims Hit a 43-Year Low

Jobless Claims Hit a 43-Year Low

http://www.thedailybeast.com/cheats/2016/04/21/jobless-claims-hit-a-43-year-low.html

"SNIP..............


The number of Americans filing for first-time state unemployment benefits last week dropped to the lowest point on record since the Nixon administration. Labor Department data released Tuesday show claims for the week of April 16 fell 6,000 to an unexpectedly small 247,000—a level not matched since late November 1973. Analysts say the drop reflects an increasingly strong job market and a relative lack of layoffs, despite broader worries about the strength of the U.S.


.............SNIP"

29 replies = new reply since forum marked as read
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Jobless Claims Hit a 43-Year Low (Original Post) applegrove Apr 2016 OP
GO Obama. No doubt the forced long recession by the GOP was so that when boomers began to retire applegrove Apr 2016 #1
we can thank the democratic corporate w's for that nt msongs Apr 2016 #2
Nice news. And all that is in spite of every trade agreement that has "destroyed" jobs and the US? Hekate Apr 2016 #3
Don't forget the job-killing Obamacare gratuitous Apr 2016 #5
Don't worry, we have our own ... Hekate Apr 2016 #8
But the next thing out of their mouth is always in this bad economy n/t doc03 Apr 2016 #4
Damn that Obama! KamaAina Apr 2016 #6
This is fantasy, TM99 Apr 2016 #7
Not to mention most the growth is low wage jobs. TampaAnimusVortex Apr 2016 #9
Yes, ShadowStats TM99 Apr 2016 #10
Yep Go Vols Apr 2016 #12
Not factually correct, according to your source bhikkhu Apr 2016 #17
You read something wrong... TampaAnimusVortex Apr 2016 #25
Which means that 4.8 million high and mid wage jobs were created bhikkhu Apr 2016 #29
If you look at that chart, you might wonder what happened in 2010 bhikkhu Apr 2016 #13
Not at all whatthehey Apr 2016 #15
Ah the invisible Texas again whatthehey Apr 2016 #14
Yeah, the moment someone TM99 Apr 2016 #24
So where are the 27MM? It's a claim you apparently believe. whatthehey Apr 2016 #26
Again, you offer nothing TM99 Apr 2016 #28
90 million unemployeed! joshcryer Apr 2016 #16
Well, technically yes. In a way. whatthehey Apr 2016 #18
IF you assume disabled, retired, stay at home parents, and literally children. joshcryer Apr 2016 #19
Oh you were not hostile at all. whatthehey Apr 2016 #20
This post: joshcryer Apr 2016 #21
Yah. But lots of doomer loons only seek to portray things in the worst possible light whatthehey Apr 2016 #23
K&R... spanone Apr 2016 #11
Obama is a Communist and a Muslim. Kingofalldems Apr 2016 #22
Fewer people are being laid off because fewer people are working nichomachus Apr 2016 #27

applegrove

(118,659 posts)
1. GO Obama. No doubt the forced long recession by the GOP was so that when boomers began to retire
Thu Apr 21, 2016, 06:31 PM
Apr 2016

Last edited Fri Apr 22, 2016, 04:25 AM - Edit history (1)

wages would not be so high and there would be a bounty of unemployed. Better late than never folk should agitate and vote for unions and higher wages. If we can just peel off the exploited from the GOP. Which I think we can do.

Hekate

(90,692 posts)
3. Nice news. And all that is in spite of every trade agreement that has "destroyed" jobs and the US?
Thu Apr 21, 2016, 06:39 PM
Apr 2016

Wow.

Thanks, President Obama, and I mean that.

gratuitous

(82,849 posts)
5. Don't forget the job-killing Obamacare
Thu Apr 21, 2016, 06:55 PM
Apr 2016

Of course, with a functional Congress, there might have been some amendments made to the original legislation so that it worked even better for more people.

Seriously, though, when can we look to the popular media to stop each and every Republican politician who inveighs against "job-killing Obamacare"? It's as patently untrue as saying the sun rises in the west.

Hekate

(90,692 posts)
8. Don't worry, we have our own ...
Thu Apr 21, 2016, 08:38 PM
Apr 2016

...Debby Downer down-thread to remind us that things are just horrible. Do you think he thinks America has her back against the mat?


JURY: The OP is good news. The person to whom I am referring wants to make sure we keep focused on what they think is the bad news. My post is jmho.

 

TM99

(8,352 posts)
10. Yes, ShadowStats
Thu Apr 21, 2016, 11:39 PM
Apr 2016

explores such things in their calculations.

We can thank Clinton for the changes in how unemployment are calculated. If you can't actually change things and the changes you are making from your neoliberal philosophy are actually making things worse, just lie, massage the numbers, and change the rubrics so it appears that things are better than they actually are.

bhikkhu

(10,718 posts)
17. Not factually correct, according to your source
Fri Apr 22, 2016, 10:37 AM
Apr 2016

which lists 3.824 million low wage jobs created versus 4.885 million mid and high level jobs created, from the recession to February 2014.

TampaAnimusVortex

(785 posts)
25. You read something wrong...
Fri Apr 22, 2016, 03:51 PM
Apr 2016

It clearly shows 3.8 million created on the low end vs 2.2 on the middle and 2.6 on the high.


bhikkhu

(10,718 posts)
29. Which means that 4.8 million high and mid wage jobs were created
Fri Apr 22, 2016, 07:59 PM
Apr 2016

versus 3.8 low wage jobs created. Therefore, most of the job creation (most meaning the majority), was in mid and high wage jobs.

bhikkhu

(10,718 posts)
13. If you look at that chart, you might wonder what happened in 2010
Fri Apr 22, 2016, 12:36 AM
Apr 2016

as the dropping of long-term unemployed from the U-6 was 16 years prior and led to no particular skewing of data.

My inclination is to see the "gig economy", which has been the fastest growing sector since the recession, and generally off the books and off the radar. If people are working, but not at an officially counted job for some time, they are counted as long-term unemployed. That would imply there is essentially underground economy, which is nothing unusual in most countries, and not necessarily many people's last choice.

btw, this is also reality:



14 jobs created since the bush recession. Wage growth hasn't been good, but the median wage has improved only slightly. Which is to say, the average worker makes about the same, but there are 14 million more average workers.

whatthehey

(3,660 posts)
15. Not at all
Fri Apr 22, 2016, 08:45 AM
Apr 2016

The UE-relevant survey does not count "official" jobs. The basic question that determines employment status is simply whether the respondent has work or not. There are no follow up questions on type of work and no identification of job status. Both a priest and a mafia hitman would properly and simply answer "yes" and be counted as working.

whatthehey

(3,660 posts)
14. Ah the invisible Texas again
Fri Apr 22, 2016, 08:41 AM
Apr 2016

Last edited Fri Apr 22, 2016, 10:47 AM - Edit history (1)

Shadowstat's "math" only works if you posit about 27 million workers, the entire population of Texas from newborn babes to senile centenarians, who really want to work, and can work, but have somewhat incongruously not gotten off their asses to submit one application or make one call looking for work in the last 12 months. Close to 10% of our entire population, and way more of our labor force, who have simply disappeared and are receiving no benefits and making no attempt whatsoever to work.

In other words, doomer bullshit.

 

TM99

(8,352 posts)
24. Yeah, the moment someone
Fri Apr 22, 2016, 03:51 PM
Apr 2016

doesn't actually provide the same level of research, stats, and knowledge but uses memes like 'invisible Texas' and 'doomer bullshit', I know the only one full of it is not Shadowstats.

Thanks for playing though.

whatthehey

(3,660 posts)
26. So where are the 27MM? It's a claim you apparently believe.
Fri Apr 22, 2016, 04:05 PM
Apr 2016

What are they doing to live and why do they refuse to try to seek work even once in a year if they want work and can work?

I avn't even thank you for playing if you don't actually address the huge problems with such "numbers".

 

TM99

(8,352 posts)
28. Again, you offer nothing
Fri Apr 22, 2016, 06:31 PM
Apr 2016

in rebuttal but you did try to sneak pass me the same non-argument as before.

You gotta work on that.

whatthehey

(3,660 posts)
18. Well, technically yes. In a way.
Fri Apr 22, 2016, 10:46 AM
Apr 2016

If you assume nonagenarians, HS sophomores, stay at home parents, the wealthy, the disabled, and students should be slaving at the salt mine then yes they are all unemployed.

If you understand the concept of labor force as opposed to population, then it's yep laughable bullshit.

It's almost like people forget why they are called "boomers" when the "unemployed" numbers started spiking 60-odd years after the baby boom for a start.

joshcryer

(62,271 posts)
19. IF you assume disabled, retired, stay at home parents, and literally children.
Fri Apr 22, 2016, 11:01 AM
Apr 2016

Yeah, sure.

Right wing talking point. Full stop.

edit: didn't intend to be hostile, you know what I'm saying here. I understand you weren't invoking the RW talking point.

whatthehey

(3,660 posts)
20. Oh you were not hostile at all.
Fri Apr 22, 2016, 11:08 AM
Apr 2016

I agree with you entrirely, except maybe thinking sensible people might do better to become MORE hostile to the doomer RWNJ enablers who parrot such nonsense, because the 90+MM unemployed "data" DOES include all those people, being based on assuming anyone over 16 is either working or "unemployed".

whatthehey

(3,660 posts)
23. Yah. But lots of doomer loons only seek to portray things in the worst possible light
Fri Apr 22, 2016, 11:39 AM
Apr 2016

I know why Trump et al use the 90MM BS. I don't know why supposed liberals do. Since I hope they don't really think every frail senior, quadriplegiac, family caregiver and student should be working at a paid job, the only possible conclusions are that they want to make Obama look bad, or to vindicate laziness or incompetence in those who should and could be working but are not doing so by choice, pretending that they would be competing with many more people than they really are for each of the 5MM+ open jobs.

nichomachus

(12,754 posts)
27. Fewer people are being laid off because fewer people are working
Fri Apr 22, 2016, 04:13 PM
Apr 2016

Jobs have actually declined over the past 10-15 years. Don't believe the numbers the government feeds you. They are more cooked that an old stew. Real jobs -- not marginal, part time jobs -- have been in steady decline.

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