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New jobless claims drop by 5,000 - March 23, 2011

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New jobless claims drop by 5,000 - March 23, 2011

Post by exhaustedandtired/1208 on Thu Mar 24, 2011 10:36 am

The numbers are so minute to my point but a point none the less. The first article says claims dropped to 385,000..... This second article for this weeks report says dropped to 382,000.. says dropped 5,000. but from 385,000 to 382,000 is only a 3000 new claim drop. NO matter 5000 or 3000 new claim drop shows we are going no where on jobs! YES WE ARE! We're getting worse. and more still to come with gas prices. the news morons said customers seem to be paying the high gas prices! Well duh!!! If they want to keep their job what choice do they have! Duh!!! Its going to get worse!!


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Re: New jobless claims drop by 5,000 - March 23, 2011

Post by Guest on Thu Mar 24, 2011 11:26 am

Durable goods orders fall, job market healing

A second report from the Labor Department showed initial claims for state unemployment benefits slipped 5,000 to a seasonally adjusted 382,000, a touch below economists' expectations for a fall to 383,000.

The four-week moving average of unemployment claims -- a better measure of underlying trends - dropped 1,500 to 385,250, the lowest since mid-July 2008 and holding below the 400,000 level for a fourth
straight week.

A reading below 400,000 is generally associated with steady job growth, which until recently had eluded the economic recovery. Employers created 192,000 jobs in February, the most in nine months, after adding a paltry 63,000 new workers in January.

This is still not good news. If there were 382,000 NEW claims this week, and only 192,000 jobs added in the whole month of February, that still leaves hundreds of thousands more people joining the ranks of the unemployed. I still don't understand this new "fuzzy math"!


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