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Weekly Jobless Claims fall to a 52 Year low


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Weekly Jobless Claims fall to a 52 Year low

Source: CNBC

PUBLISHED THU, DEC 9 2021, ..8:31 AM ESTUPDATED 26 MIN AGO 
Jeff Cox: 

Weekly jobless claims tumbled last week, reaching a fresh 52-year low as the U.S. jobs market climbs out of its pandemic-era hole, the Labor Department reported Thursday.

Initial filings for unemployment insurance totaled 184,000 for the week ended Dec. 4, the lowest going back to Sept. 6, 1969, which saw 182,000. 

Initial claims for unemployment insurance were expected to total 211,000 for the week ended Dec. 4, according to a Dow Jones economist survey. 

The total coincided with a large seasonal modification, as the unadjusted number was 280,665. But the move lower in claims, which fell from the 227,000 reported the week before, represents more progress for a labor market still struggling with a worker shortage and other pandemic-related fallout. 


Read more: https://www.cnbc.com/2021/12/09/us-weekly-jobless-claims.html 
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It’s like when Obama was president again.  Look everyone!  Look at how well it’s all going!!  Just a tweak here…subtract a few numbers from there….add them to this pile…erase that….add a decimal here…….

 

0E264084-22FF-4111-923F-281080250689.gif

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11 minutes ago, racer254 said:

I wonder if this has anything to do with the simple fact that the extra benefits HAVE ENDED.  You stop giving out money for not working and bingo, people go to work?

It’s more like they just pushed off the filings.  Normal number moving.  It’s science..and it’s settled!

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6 minutes ago, Zambroski said:

It’s more like they just pushed off the filings.  Normal number moving.  It’s science..and it’s settled!

Not hard to fool the lemmings.  I have noticed that the numbers on this site that constantly defend this are going lower.

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12 minutes ago, racer254 said:

Not hard to fool the lemmings.  I have noticed that the numbers on this site that constantly defend this are going lower.

Well, if they cannot get members banned that carry differing opinions that play their same games (name calling, insulting, etc) they weed themselves out and back under their rocks where their hateful little echo chambers are loud and clear and don’t hurt their feels.

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You can't be this manipulated can you?

  • That statistic includes a seasonal adjustment, a standard practice meant to account for labor patterns at different times of year. The Covid pandemic has complicated that adjustment, economists said.
  • Without that adjustment, claims moved in the opposite direction. They rose by about 64,000 from the prior week, a 29% increase.

 

Without that tweak, unemployment claims rose by about 64,000 last week (or 29%), to a total 281,000, according to the Labor Department. (This figure represents the true, unadjusted number of benefit applicants.)

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1 hour ago, racer254 said:

You can't be this manipulated can you?

  • That statistic includes a seasonal adjustment, a standard practice meant to account for labor patterns at different times of year. The Covid pandemic has complicated that adjustment, economists said.
  • Without that adjustment, claims moved in the opposite direction. They rose by about 64,000 from the prior week, a 29% increase.

 

Without that tweak, unemployment claims rose by about 64,000 last week (or 29%), to a total 281,000, according to the Labor Department. (This figure represents the true, unadjusted number of benefit applicants.)

2 guthookings in one day. :lol:

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That's what happens when you exhaust you claim and have no earnings to open a new one. Record job openings going unfilled and people unwilling to return to work have led to this. They should have never handed out all that money, they are still waiting for the next handout.

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Had a customer in yesterday, works at the Ford plant.  Said they can’t get any of these fat, lazy, young people to make it past orientation.  In tears because they can’t be on their feet for a work day.  Too hard. 

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  • Trying to pay the bills, lol

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