Only 601K people lost their jobs last week. Woo hoo!! Let's cancel the stimulus!!

Bleacher Creature

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Thu Jun-11-09 09:44 AM
Original message

Only 601K people lost their jobs last week. Woo hoo!! Let's cancel the stimulus!!

Edited on Thu Jun-11-09 09:45 AM by Bleacher Creature

If this were all make-believe, the process of analyzing the Republican mindset would be be both fascinating and amusing. Unfortunately, we live in a real world where no such luxury exists.

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BklnDem75

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Thu Jun-11-09 09:50 AM
Response to Original message

1. Interesting...

Got a link for that number? All that in one week? Amazing...

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Bleacher Creature

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Thu Jun-11-09 10:00 AM
Response to Reply #1

4. Here you go:

http://www.cnbc.com/id/31237208

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gmoney

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Thu Jun-11-09 09:53 AM
Response to Original message

2. How are numbers like this possible on an ongoing basis?

I mean, is it 60,000 businesses laying off 10 people each? 6000 businesses laying off 100 people each? I know they probably range from 1 person to 10,000 people at a time, but it's just odd that it's a fairly smooth curve.

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joeybee12

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Thu Jun-11-09 09:54 AM
Response to Original message

3. It's amazing that the media thinks that just because unemployment claims go down

the recession is over...they have no clue how difficult it is to collect in the US compared to other western nations...if you don't work for a year and a half prior, no way can you collect, so people who were unemployed and then unfortunately get a job that doesn't last too long are screwed.

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Double T

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Thu Jun-11-09 10:23 AM
Response to Original message

5. The economic data propaganda is unbelievable.

When the loss of 'ONLY' 601K jobs is 'good' news, it is time to replace the lunatic, idiotic corporate and government messengers. The PHONY, BS, HS economic recovery will not include the millions that have and will lose their jobs. The corporate and government messengers can go shove their green shoots; the economy is not getting any better and is actually becoming much worse.

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gcomeau

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Thu Jun-11-09 10:54 AM
Response to Original message

6. No they didn't.

"New jobless claims" does not directly correlate with "jobs lost". It's a measure of new applications for unemployment benefits. This does not mean all those people just lost their jobs in the last week. If we were losing almost 2.5 million jobs a month do you have any idea what the unemployment rate would be by now?

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gmoney

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Thu Jun-11-09 12:15 PM
Response to Reply #6

7. No, what would it be?

So, some people may have lost these jobs weeks ago, but are just now applying for benefits?

Not sure that makes me feel any better.

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