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New unemployment claims surge to 412,000

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New unemployment claims surge to 412,000

Post by Sunrise on Thu Apr 14, 2011 10:56 am

The number of Americans filing first-time claims for unemployment
benefits rose last week, a sign that the job market's road to recovery
remains bumpy.

http://money.cnn.com/2011/04/14/news/economy/initial_claims/index.htm?hpt=T2
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Re: New unemployment claims surge to 412,000

Post by JaneWI on Thu Apr 14, 2011 11:20 am

:"Given the underlying downward trend, we are inclined to see it as a one-time fluke," said Ian Shepherdson, chief U.S. economist at High Frequency Economics."

My take is "Given the current upswing in fuel and producer prices this could be the start of higher initial unemployment".
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Re: New unemployment claims surge to 412,000

Post by mrgolf on Thu Apr 14, 2011 11:51 am

JaneWI wrote::"Given the underlying downward trend, we are inclined to see it as a one-time fluke," said Ian Shepherdson, chief U.S. economist at High Frequency Economics."

My take is "Given the current upswing in fuel and producer prices this could be the start of higher initial unemployment".
Jane, I just noticed you are very very close to 1500 posts. Congrats in advance
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Re: New unemployment claims surge to 412,000

Post by Sunrise on Thu Apr 14, 2011 12:42 pm

JaneWI wrote::"Given the underlying downward trend, we are inclined to see it as a one-time fluke," said Ian Shepherdson, chief U.S. economist at High Frequency Economics."

My take is "Given the current upswing in fuel and producer prices this could be the start of higher initial unemployment".

I don't believe it is a fluke - with the government cuts, I expect it to get worse.
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Re: New unemployment claims surge to 412,000

Post by UPCHITCREEK on Thu Apr 14, 2011 12:53 pm

JaneWI wrote::"Given the underlying downward trend, we are inclined to see it as a one-time fluke," said Ian Shepherdson, chief U.S. economist at High Frequency Economics."

My take is "Given the current upswing in fuel and producer prices this could be the start of higher initial unemployment".


I totally agree !

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Re: New unemployment claims surge to 412,000

Post by concernedinKY on Thu Apr 14, 2011 12:55 pm

Boy this is a double edged sword. On one hand it proves that the economic recovery they've been boasting is a load of hogwash which helps drive our need/the fact that we deserve help home.

On the other? It proves that they are doing nothing to create what we really need/want: JOBS.

I would rather have a job than an unemployment check, but with numbers like these they can't rightly say: Hang on, things are improving. It takes away one of their excuses for not helping the long term unemployed.

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Re: New unemployment claims surge to 412,000

Post by mrgolf on Thu Apr 14, 2011 12:58 pm

Sunrise wrote:The number of Americans filing first-time claims for unemployment
benefits rose last week, a sign that the job market's road to recovery
remains bumpy.

http://money.cnn.com/2011/04/14/news/economy/initial_claims/index.htm?hpt=T2
The spike disrupted the downhill move in jobless claims, which had been coming in below the 400,000-mark for four consecutive weeks.

"Given the underlying downward trend, we are inclined to see it as a one-time fluke," said Ian Shepherdson, chief U.S. economist at High Frequency Economics.

Shepherdson added that the Labor Department cited unusually large layoffs at the end of the quarter as a factor pushing claims higher.

Still, the 4-week moving average of initial filings-- a number that tries to smooth out week-to-week volatility -- remained below that threshold at 395,750, up 5,500 from the previous week.
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Re: New unemployment claims surge to 412,000

Post by Quiethawk on Thu Apr 14, 2011 2:15 pm

concernedinKY wrote:Boy this is a double edged sword. On one hand it proves that the economic recovery they've been boasting is a load of hogwash which helps drive our need/the fact that we deserve help home.

On the other? It proves that they are doing nothing to create what we really need/want: JOBS.

I would rather have a job than an unemployment check, but with numbers like these they can't rightly say: Hang on, things are improving. It takes away one of their excuses for not helping the long term unemployed.

X2
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Re: New unemployment claims surge to 412,000

Post by Sunrise on Thu Apr 14, 2011 2:21 pm

This was under Latest News on the CNN page when I posted it. NOW it is nowhere to be found on the first page.

You see how they DISCOUNT the unemployed!! Mad
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Re: New unemployment claims surge to 412,000

Post by Sunrise on Thu Apr 14, 2011 2:24 pm

Here's another version: http://www.msnbc.msn.com/id/42586290/ns/business-eye_on_the_economy/
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Re: New unemployment claims surge to 412,000

Post by Quiethawk on Thu Apr 14, 2011 2:29 pm

and another

http://www.huffingtonpost.com/2011/04/14/jobless-claims-rise-increase_n_849064.html
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Re: New unemployment claims surge to 412,000

Post by KeeptheFaith on Sat Apr 16, 2011 4:27 pm

Sunrise wrote:
JaneWI wrote::"Given the underlying downward trend, we are inclined to see it as a one-time fluke," said Ian Shepherdson, chief U.S. economist at High Frequency Economics."

My take is "Given the current upswing in fuel and producer prices this could be the start of higher initial unemployment".

I don't believe it is a fluke - with the government cuts, I expect it to get worse.

Exactly.....With gas, oil and food prices increasing......its only going to lead to more people getting laid off.....and the unemployment numbers increasing.....Which is going to lead to even more people competing for the same jobs......SIGH....When is all this going to end......
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Re: New unemployment claims surge to 412,000

Post by JaneWI on Sat Apr 16, 2011 4:37 pm

KeeptheFaith wrote:Exactly.....With gas, oil and food prices increasing......its only going to lead to more people getting laid off.....and the unemployment numbers increasing.....Which is going to lead to even more people competing for the same jobs......SIGH....When is all this going to end......

I only wish I knew when it was going to end.
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Re: New unemployment claims surge to 412,000

Post by mrgolf on Sat Apr 16, 2011 7:03 pm

JaneWI wrote:[
I only wish I knew when it was going to end.
Don't we all?
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Re: New unemployment claims surge to 412,000

Post by Kathy on Sat Apr 16, 2011 8:10 pm

Soon it is going to get to the point that there will be more unemployed people than there will be employed.
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