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First Time Weekly Claims, August 18 - 408,000

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First Time Weekly Claims, August 18 - 408,000

Post by Guest on Thu Aug 18, 2011 9:42 am

In the week ending August 13, the advance figure for seasonally adjusted initial claims was 408,000, an increase of 9,000 from the previous week's revised figure of 399,000. The 4-week moving average was 402,500, a decrease of 3,500 from the previous week's revised average of 406,000.
http://www.dol.gov/opa/media/press/eta/ui/current.htm

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Re: First Time Weekly Claims, August 18 - 408,000

Post by stillnutty on Thu Aug 18, 2011 9:47 am

399,000 Yeah right!! Why did n t they say, 399,999!!! CPI up .5 percent. Dow set to open -200!

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Re: First Time Weekly Claims, August 18 - 408,000

Post by Guest on Thu Aug 18, 2011 10:32 am

stillnutty wrote:399,000 Yeah right!! Why did n t they say, 399,999!!! CPI up .5 percent. Dow set to open -200!
I am really getting nervous, nutty. Things are getting worse around here - not better. More and more people I know are losing their jobs, businesses are closing, almost every other house on the block is in foreclosure....... I was hopeful for a while that I would get my life back, I don't see that happening any time in the near future now. Sad

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Re: First Time Weekly Claims, August 18 - 408,000

Post by stillnutty on Thu Aug 18, 2011 10:56 am

Sadly RI I agree 100 percent with you. We have been just existing for so long now. I am coming to grips that this IS my life now, the new worry is how much longer can I even stay at this level? Not long I fear.

The political machine is in lock down until Nov 2012 and after. There is no way You, I and millions can make it to then. What hurts the most is they know this, and still do nuttin.

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Re: First Time Weekly Claims, August 18 - 408,000

Post by Guest on Thu Aug 18, 2011 10:58 am

Economic news grim: Jobless claims, prices rise

http://tinyurl.com/4yd33ra

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Re: First Time Weekly Claims, August 18 - 408,000

Post by stillnutty on Thu Aug 18, 2011 11:18 am

Also the few exhaustees that I know of that have even got interviews are going for 20 hr, min wage jobs. Of course they realize that this will be just enough income to stop food stamps and if they are lucky enough to have it, Medicaid. I trully believe that very soon work search, even for these type jobs will be put in effect. It will be THEIR way of cutting our so called entitlements!! I know this is way of topic, and I m sorry, but if I don t get this out, I m gonna blow!!

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Re: First Time Weekly Claims, August 18 - 408,000

Post by exhaustedandtired/1208 on Thu Aug 18, 2011 12:11 pm

Don't worry Obama made a speech and said he is going to go to work on jobs (again). and Oh! This weeks numbers were so unexpected! As usual...

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Re: First Time Weekly Claims, August 18 - 408,000

Post by jmainframe on Thu Aug 18, 2011 1:02 pm

stillnutty wrote:399,000 Yeah right!! Why did n t they say, 399,999!!! CPI up .5 percent. Dow set to open -200!

Yeah, and it was revised... UPWARDS. I suppose they made such a big deal last week about that number falling below 400k, they didn't have the heart to revise it above 400k, where that figure REALLY belongs. And this week's jobs report was worse than expected too. I'm sure this won't bode well for the stock market.

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Re: First Time Weekly Claims, August 18 - 408,000

Post by exhaustedandtired/1208 on Thu Aug 18, 2011 1:07 pm

DesperateInRI wrote:
In the week ending August 13, the advance figure for seasonally adjusted initial claims was 408,000, an increase of 9,000 from the previous week's revised figure of 399,000. The 4-week moving average was 402,500, a decrease of 3,500 from the previous week's revised average of 406,000.
http://www.dol.gov/opa/media/press/eta/ui/current.htm



Will UE rate go back to 9.2% since it dropped to 9.1% when the new unemployment clainms went to 400,000.

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Re: First Time Weekly Claims, August 18 - 408,000

Post by jmainframe on Thu Aug 18, 2011 1:24 pm

exhaustedandtired/1208 wrote:
DesperateInRI wrote:
In the week ending August 13, the advance figure for seasonally adjusted initial claims was 408,000, an increase of 9,000 from the previous week's revised figure of 399,000. The 4-week moving average was 402,500, a decrease of 3,500 from the previous week's revised average of 406,000.
http://www.dol.gov/opa/media/press/eta/ui/current.htm



Will UE rate go back to 9.2% since it dropped to 9.1% when the new unemployment clainms went to 400,000.

Who knows. That figure seems to have a mind of its own. When the summer jobs come to an end though, that will surely raise the "official" unemployment rate, unless they seasonally adjust that too.

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Re: First Time Weekly Claims, August 18 - 408,000

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