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Weekly jobless claims tally down slightly

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Post by Jen Thu Mar 24, 2011 11:32 am

Weekly jobless claims tally down slightly
http://www.msnbc.msn.com/id/42246557/ns/business-eye_on_the_economy/


UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
http://www.dol.gov/opa/media/press/eta/ui/eta20110393.htm
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Post by Jen Thu Mar 24, 2011 2:42 pm

Once again, they are trying to say that new weekly claims going down a little bit means that places are hiring. I don't see how they draw that line between the two but, I wish it was true.
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Post by Sunrise Thu Mar 24, 2011 3:03 pm

Jen wrote:Once again, they are trying to say that new weekly claims going down a little bit means that places are hiring. I don't see how they draw that line between the two but, I wish it was true.

I don't see how they can draw that conclusion either. As they stated, it is just a reflection of layoff rates.

Weekly applications for unemployment benefits are considered a gauge of the pace of layoffs.
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Post by KeeptheFaith Thu Mar 24, 2011 5:56 pm

Of course they are.....So everyone will believe that the economy is improving.....
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Post by Jen Thu Mar 24, 2011 6:26 pm

KeeptheFaith wrote:Of course they are.....So everyone will believe that the economy is improving.....


Fewer Americans applied for unemployment benefits last week, suggesting
the labor market healing is becoming entrenched and employers may be
stepping up hiring.
Yep, it's all just more propaganda. I would like them to explain just how it is that every time the new claims drop a little bit that it means that employers may be stepping up hiring. Where are the jobs to prove it?
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