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| Applications for US unemployment aid plummet to 283,000 (1266670) | |
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Applications for US unemployment aid plummet to 283,000 |
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Posted by italianstallion on Fri Feb 20 20:48:45 2015 APThe number of Americans seeking unemployment benefits fell sharply last week, a sign that a recent string of strong job gains may continue. Weekly applications for unemployment aid dropped 21,000 last week to a seasonally adjusted 283,000, the Labor Department said Thursday. The four-week average of applications, a less volatile number, fell 6,500 to 289,750, its lowest level in 15 weeks. Applications are a proxy for layoffs. They have been near or below 300,000 since September, a very low reading by historical standards that points to solid hiring. The average has dropped 16 percent in the past year. The average is at its lowest level since late October. Jennifer Lee, an economist at BMO Capital Markets, said that before then, the average hadn't been as low in more than 14 years. "All in, this is an encouraging sign for February payrolls," she said. That decline has coincided with much stronger job gains. Employers added more than 1 million jobs from November through January, the strongest three-month pace in 17 years. More than 3.2 million jobs have been created in the past year. That has helped lower the unemployment rate to 5.7 percent in January from 6.6 percent 12 months earlier. The strong job gains are showing signs of finally starting to lift paychecks for more workers. Average hourly pay rose 0.5 percent in January, the most in six years, the Labor Department said earlier this month. While economists cautioned against reading too much into one month's figure, it suggested employers may finally feel the need to raise wages to attract new workers and keep the ones they have. Other reports also point to a strong job market. The number of available jobs posted by employers rose in December to a 14-year high, the government said last week. The number of people quitting also picked up 2.1 percent from the previous month. More quits are a sign of confidence in the economy because people typically quit when they have another job lined up, usually at higher pay, or are optimistic that they can find a new position. The number of people receiving benefits, meanwhile, rose to 2.4 million in the week ending February 7, the latest data available. That's down from 2.9 million a year ago. |
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Re: Applications for US unemployment aid plummet to 283,000; welfare up to 2.4 million |
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Posted by Olog-hai on Fri Feb 20 21:04:07 2015, in response to Applications for US unemployment aid plummet to 283,000, posted by italianstallion on Fri Feb 20 20:48:45 2015. The number of people receiving benefits, meanwhile, rose to 2.4 million in the week ending February 7, the latest data available. That's down from 2.9 million a year ago. . . because the USA has a relatively finite population. For now. Watch what happens if/when that amnesty/open-border decree gets forced through. |
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Re: Applications for US unemployment aid plummet to 283,000; welfare up to 2.4 million |
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Posted by italianstallion on Fri Feb 20 23:57:48 2015, in response to Re: Applications for US unemployment aid plummet to 283,000; welfare up to 2.4 million, posted by Olog-hai on Fri Feb 20 21:04:07 2015. Nothing will happen . . . because all those immigrants . . . ARE ALREADY HERE! |
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Re: Applications for US unemployment aid plummet to 283,000; welfare up to 2.4 million |
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Posted by SelkirkTMO on Sat Feb 21 01:07:07 2015, in response to Re: Applications for US unemployment aid plummet to 283,000; welfare up to 2.4 million, posted by italianstallion on Fri Feb 20 23:57:48 2015. Hahahaha! |
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Re: Applications for US unemployment aid plummet to 283,000 |
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Posted by gp38/r42 chris on Sat Feb 21 08:36:12 2015, in response to Applications for US unemployment aid plummet to 283,000, posted by italianstallion on Fri Feb 20 20:48:45 2015. Yeah because many gave up and went on welfare instead |
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Re: Applications for US unemployment aid plummet to 283,000 |
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Posted by Olog-hai on Sat Feb 21 09:07:54 2015, in response to Re: Applications for US unemployment aid plummet to 283,000, posted by gp38/r42 chris on Sat Feb 21 08:36:12 2015. That's pointed out at the very bottom of the article. |
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Re: Applications for US unemployment aid plummet to 283,000 |
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Posted by TRAIN DUDE on Sat Feb 21 11:02:07 2015, in response to Re: Applications for US unemployment aid plummet to 283,000, posted by gp38/r42 chris on Sat Feb 21 08:36:12 2015. I wonder why you didn't post the numbers for the previous 2 weeks when the numbers were significantly higher than expected. Are you cherry picking your good news? Why not discuss the Labor Participation Rate which is now as low as it was during the Carter years? How about the number of Americans who are now under employed thanks to the policies of this administration? |
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Re: Applications for US unemployment aid plummet to 283,000 |
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Posted by WillD on Sat Feb 21 11:25:16 2015, in response to Re: Applications for US unemployment aid plummet to 283,000, posted by TRAIN DUDE on Sat Feb 21 11:02:07 2015. Yes, why not discuss the Labor Participation Rate? Probably because anyone with the vaguest passing familiarity with employment statistics (i.e not you) knows that because the LPR does not have an upper age limit the millions of boomers retiring right now (i.e you) are going to throw that data set off until no conclusion can be drawn from its trends. But Fox told you to be upset about it, so you are. Well done. |
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Re: Applications for US unemployment aid plummet to 283,000; welfare up to 2.4 million |
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Posted by bingbong on Sat Feb 21 12:06:09 2015, in response to Re: Applications for US unemployment aid plummet to 283,000; welfare up to 2.4 million, posted by italianstallion on Fri Feb 20 23:57:48 2015. Not to mention the new law is very specific as to whom it appplies to. Anyone attempting to come in now is specifically disallowed, same as when Reagan did the last amnesty in the 1980s. |
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Re: Applications for US unemployment aid plummet to 283,000; welfare up to 2.4 million |
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Posted by RockParkMan on Sat Feb 21 12:17:55 2015, in response to Re: Applications for US unemployment aid plummet to 283,000; welfare up to 2.4 million, posted by Olog-hai on Fri Feb 20 21:04:07 2015. time to scrap a couple hundred corporate welfare Navy ships. |
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Re: Applications for US unemployment aid plummet to 283,000 |
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Posted by TRAIN DUDE on Sat Feb 21 12:40:49 2015, in response to Re: Applications for US unemployment aid plummet to 283,000, posted by WillD on Sat Feb 21 11:25:16 2015. Is it no conclusion can be drawn or no conclusion that supports your myopic view of this country can be drawn. The evidence supporting the latter is that you need to turn the discussion to personal attacks. Of course, you are no longer in an entry level job so nobama is doing a great job. Still living at home, boy? |
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Re: Applications for US unemployment aid plummet to 283,000 |
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Posted by italianstallion on Sat Feb 21 14:51:45 2015, in response to Re: Applications for US unemployment aid plummet to 283,000, posted by Olog-hai on Sat Feb 21 09:07:54 2015. Unemployment benefits are not welfare. |
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Re: Applications for US unemployment aid plummet to 283,000 |
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Posted by italianstallion on Sat Feb 21 14:53:14 2015, in response to Re: Applications for US unemployment aid plummet to 283,000, posted by TRAIN DUDE on Sat Feb 21 11:02:07 2015. Same reason you stopped posting the numbers from a few months ago?You may not know that this number is a bit volatile from week to week. The trend is clear, however. |
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Re: Applications for US unemployment aid plummet to 283,000 |
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Posted by salaamallah@hotmail.com on Sat Feb 21 14:54:36 2015, in response to Re: Applications for US unemployment aid plummet to 283,000, posted by italianstallion on Sat Feb 21 14:51:45 2015. IAWTP |
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Re: Applications for US unemployment aid plummet to 283,000 |
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Posted by WillD on Sat Feb 21 15:13:42 2015, in response to Re: Applications for US unemployment aid plummet to 283,000, posted by TRAIN DUDE on Sat Feb 21 12:40:49 2015. No, no conclusion can be reached. The data set is not internally consistent because of the demographic change caused by the baby boomers.If the Rmoney Landslide had happened you'd never say a word about the LPR steadily declining, because Fox would have never brought it up for you to parrot here. |
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Re: Applications for US unemployment aid plummet to 283,000 |
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Posted by TRAIN DUDE on Sat Feb 21 15:47:56 2015, in response to Re: Applications for US unemployment aid plummet to 283,000, posted by WillD on Sat Feb 21 15:13:42 2015. And if Romney had won you'd be leadind the MSNBC Whiney Cunt Glee Club |
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Re: Applications for US unemployment aid plummet to 283,000 |
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Posted by WillD on Sat Feb 21 16:31:38 2015, in response to Re: Applications for US unemployment aid plummet to 283,000, posted by TRAIN DUDE on Sat Feb 21 15:47:56 2015. Ah there it is. You've been pwnt, so you resort to name calling.So glad we got to this point a bit earlier than usual. I thought we'd have a few more posts where you'd make some sort of strawman and I'd be forced to explain my point a few more times. Thanks for saving us all the time. |
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Re: Applications for US unemployment aid plummet to 283,000 |
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Posted by TRAIN DUDE on Sat Feb 21 17:01:31 2015, in response to Re: Applications for US unemployment aid plummet to 283,000, posted by WillD on Sat Feb 21 16:31:38 2015. No, just playing the game the way you seem to want to play it. |
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Re: Applications for US unemployment aid plummet to 283,000 |
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Posted by TRAIN DUDE on Sat Feb 21 18:13:05 2015, in response to Re: Applications for US unemployment aid plummet to 283,000, posted by italianstallion on Sat Feb 21 14:53:14 2015. Except that when I was posting the numbers they were consistently high. I stopped posting them when they were up and down. You cherrypicked one good week. |
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Re: Applications for US unemployment aid plummet to 283,000 |
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Posted by italianstallion on Sat Feb 21 19:06:22 2015, in response to Re: Applications for US unemployment aid plummet to 283,000, posted by TRAIN DUDE on Sat Feb 21 18:13:05 2015. No, the trend has been good for months. That's what the article is about.And you posted only those weeks that were high. |
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