Web-site/URL: http://finance.yahoo.com/news/Firsttime … 8.html?x=0
Obviously, this is yet another sign that we are NOT fully on the way to recovery yet.
I agree. I also heard that more companies are hiring temporary workers instead of permanent. This seems to be a new trend.
another factor to consider here also; people of retirment age, moving off the job roles to start Social Security before they loose it to the Goverment.
Opening up possible jobs for younger and thus some joblessness also reduces. NO, we are not out of the woods at all, and the sad truth maybe this is as good as it is going to get. scarry times
No offense but i don't think we needed a less than expected jobless claim drop to indicate that we are not out of this economic slump yet... i think it's still pretty obvious. it's going to be a long road to recovery with lots of bumps.
i am just slightly more than amused by the "slight" decrease in jobless claims. what, are we to rely on this for a more positive economy? look around... there are MANY other issues that need to be addressed before our economy can even be considered in a brighter light. for instance, consider the number of families that have been foreclosed on since 2009 or are currently in foreclosure - it's in the millions, taxes, consumer confidence and spending... many things still need to turn around. we cannot only rely on this statistic - quite frankly i do not give it too much weight.
"Obviously, this is yet another sign that we are NOT fully on the way to recovery yet."
No, it's just a sign that jobless claims dropped less than expected for a particular period of time. Maybe the expectations were set too high. Who knows?
Anyway, I wouldn't draw any conclusions about the economy's recovery, one way or the other, based on any one stat or report. The matter is far too complex for that.
I cannot wait until we start to consistently see monthly net job gains of 300K+... However, I will not hold my breath.
What about those who are Still Unemployed? Do they even count in the unemployment numbers? How would they if they are not able to fill out claims since their unemployment compensation has run out? I bet the numbers are actually higher than reported. I know there are a lot of people around here where I am at that are without jobs and many working part time instead of full time unlike before. Part-time work in place of full-time does not make me think the economy is that much better.
This past week the congress approved a 30 day extension in unemployment benefits at a cost of $10 billion more added to the deficit.
One senator,Senator Bunning objected on the bill because the monies would be added to the deficit. This congress and Obama simply don't get it when it comes to the law.Pay-go bill ??????
Obama and congress passed the pay-go bill which stated that any new spending would be offset by cutting existing programs to offset the cost.Another lie???
The 30 day extension was needed to finalize another $100 billion bill that congress is working on. Hubbers,stay tuned in.
36,000 jobs lost may represent a slow down in layoffs... but it's still 36,000 jobs lost.
And people jumped all over Bunning... when all he was doing was pointing out that no plan was in place to pay for the additional benefits. It's just more borrow and spend.
There isn't going to be a recovery because the amount of debt just keeps accumulating.
What is coming however is INFLATION and the continual devaluation of our dollar right here in the United States.
EXPECT Gasoline to climb to $3.50 per gallon by mid summer. And then you can watch necessities like food prices climb up again.
If we have learned anything over the past year it's that the people are not represented by our Government.
The Money Grab done by WallStreet against the will of the people is clear evidence of that!
Banks are sitting on FREE MONEY... they are foreclosing on homes at a record pace. These displaced people have nowhere to live and no jobs. So this creates more demand for services for which the Government can not pay for. Meanwhile on Wall Street Record Profits and bonuses paid for by the working class.
Problem is the Working Class is bankrupt and can not "bailout" the super rich any longer.
Times are going to get much harder and much worse until the inevitable collapse of the monetary system under the weight of the debt it has created.
The 36,000 that lost their jobs would have been 51,000 if not for the census! 860 billion on a stimulus that was supposed to create jobs and now another 15 billion jobs bill... The only jobs the government can create is government jobs...at some point the private sector has to start creating jobs so that the government has SOMEONE to pay for all the government jobs they are "creating"!
This is a house of cards, as criminal as the ponzi scheme Madoff ran. This administration is stealing from our kids and grand-kids to create an unsustainable assortment of entitlements they claim are "rights". They are working to enslave us and 1/2 the country thinks this is good!!!
We must seek the truth because our government is not telling the American people all the truth.After two so called job bills to extend unemployment claims, the Democrat controlled Congress and President Barak Obama is pushing another bill to extend unemployment benefits.
Barak Obama Quotes of the past Week 7/18/10
Obama said the GOP leadership has chosen to ‘’ filibuster our recovery and obstruct our progress ‘’ by blocking votes on a bill to extend unemployment benefits. Obama said ‘’these steps aren’t just the right thing to do for those hardest hit by the recession’’ , ‘’ they’re the right thing to do for all of us.’’
Since Obama took office in 2009 the nation has lost some 3 million jobs, increased the deficits $1.3 trillion , over $ 1 trillion in 2010 and another $ 1 trillion plus coming in 2011( BUDGET FOR 2011HAS NOT BEEN APPROVED AS YET ).
Obama said lawmakers’ obligations to extend benefits is both moral and practical because it puts money in the pockets of people who are likely to spend it quickly.
There is an old saying ‘’ I want the truth, the whole truth and nothing but the truth.’’ Barak Obama, the Democrat leadership and the press are reporting that the Republicans are holding up the passage of the $33 billion bill because of a filibuster. The bill as it stands now will not be deficit neutral as the bill if passed will be added to the $ trillions of deficit spending that the PAY-GO bill signed by President Obama was t meant to control spending. Note that the interest on the debt is $ 1 billion a day.
The whole truth that is not being reported is that the Republican senate is for an unemployment extension as long as the cost is not added to the deficit as our President and Congress are attempting to do. The Republicans are not the bad guys in this instance as they try to control adding more to the national debt.
How hypocritical can the Democrat controlled congress and President Barak Obama be to issue such half true and untruthful statements.
2/13/10 2:04 PM EST ( NOTE THE DATE )
President Barack Obama is hailing pay-as-you-go budget legislation he SIGNED Friday night as one in a series of crucial steps needed to snap Washington out of a destructive pattern of overspending.
“Now, Congress will have to pay for what it spends, just like everybody else,” Obama said in his radio and Internet address released Saturday
morning. “After a decade of profligacy, the American people are tired of politicians who talk the talk but don’t walk the walk when it comes to fiscal responsibility. It’s easy to get up in front of the cameras and rant against exploding deficits. What’s hard is actually getting deficits under control. But that’s what WE MUST DO
Let’s not forget that the Democrats took majority control of Congress in 2007 with Obama in the senate. In 2008 the Democrat Congress passed the bank bail out bill with Obama’s yes vote. 4 years and the nation is still waiting for the jobs, it is apparent that government wasteful spending don‘t produce jobs
President Obama‘s stimulus bill started out at $727 billion and today it‘s up to $825 billion ( all borrowed money .) Today only $425billion has been spent on saving public government jobs. Unemployment is 9.5%.
One must wonder why so little of the stimulus money has been spent. Why isn’t the money being used to help the unemployed using the surplus stimulus money. The democrats and president Obama wants the extension of unemployment benefits to pass, but refuse to offset costs ( $33 billion) by using unspent stimulus funds.. They say one thing and hide doing just the opposite by borrowing more money, further enlarging the national debt. Wake up America before we will go like Greece.
Today it was exposed that the states of Pennsylvania and Maryland will get an ok to use federal money thru the healthcare bill to perform abortions. Just another untruth spoken by the almighty one, Barak Obama.
last job numbers to come out were optimistic, hopefully february will be bright as well.
Dude, what is it with you raising dead threads?
Oh yes, let us take the "benefits not claimed" as the basis for economic growth. If benefits are going down, it doesn't mean people are going back to work, it means their benefits ran out and now they are truly struggling. Until you are in that situation, it is probably a good idea to keep your stupidity to yourself.
First time claims,,,That means the amount of people that lost their job this week,that's all. Well that's easy after 20% of the workers in this country have ,,Already,, lost their job. This is a jobless recovery period end of story.Wall St is recording record gains and that's all most of our reps care about because Joe and Jane blow are not going to write them a 10,000.00 check for their re-election to their gravy train ruling class job. Mc Ds hiring of 50,000 workers @ 8.00 an hour is not a recovery,it's more like workfare.Were new jobs created or did other workers lose ours to make way for the "New Jobs".First the business owners said they weren't going to hire any new people until they knew what was going on with health care now they need a tax cut.I think they are full of it.
We know the Obama Administration has lied every single month about jobless claims. A month from now they will revise the claims appropriately.What is the bid deal. This government lies to us. Every single month.
You feel that the Obama administration is the only one that ever lied?
by Eugene Hardy4 years ago
Specifically, you have run out of benefits and you still can not find a job?
by Jim Hunter6 years ago
Thats ridiculous, if you can't find a job in your area in three years then move to where the jobs are. Unemployment is beginning to be a career for some people.
by freddykrueger7 years ago
Is it like bush losing 750,000 jobs a month or creating 290,000 jobs a month under obama.I understand it's taking a long time but nothing comes fast it all takes time.I remember during the campaign everyone said we...
by jiberish7 years ago
http://www.washingtonpost.com/wp-dyn/co … 01900.htmlIn this Washington Post article it says that two-thirds of the stimulus went toward tax cuts, fiscal aid to states, and expanded unemployment benefits and food...
by theirishobserver.6 years ago
Good morning,Democrats and Republicans agree -- the health care status quo isn't working for the American people.Health insurance is growing more and more expensive by the day. Too many of us can't afford it -- not...
by Ralph Deeds8 years ago
Paul Krugman's column in the NYTimes today 1-5-08 is entitled "Fighting Off Depression." In it he called the recent economic numbers "terrifying," not just in the U.S. but around the world....
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