I have got to ask if this is the "new math" that was taught a decade or two ago. If the number of new claims for for jobless reports was expected to be 330,000, but was actually 349,000, it seems to me that the number of jobless claims actually was 19,000 over the "expected" number. Seems to me that is 19,000 MORE unemployed people. Just HOW is that good? ""Economists polled by Reuters had expected first-time applications to fall to 335,000 for the week ended Jan. 4. The four-week moving average for new claims fell 9,750 to 349,000." If the article simply didn't include enough of the actual numbers to make sense of it, that is one thing. If that is NOT the case, then we are left with the "figures lie, and liars figure" kind of thought...
You don't know how to read the report. You quoted everything you need to know, yet can't figure it out.
WASHINGTON -- The number of Americans filing new claims for unemployment benefits last week fell slightly more than expected, pointing to an economy that was continuing to gain steam. LOL !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
That is only an indication of how the economy might be moving at the time, and is probably the reason a 4-week moving average is used as well. The ONLY real and true measure is how many people ARE employed, and how many are needing/looking for jobs.
They didn't find work. They were dropped when their Unemployment ran out. Those were the folks that lost their benefits after 99 weeks. Unemployment is really around 11%. This admin uses smoke and Mirrors and outright Lies. They have been fooling with these figures since before the Election.
The article refers to people filing FIRST-TIME CLAIMS FOR UNEMPLOYMENT, not ONGOING claims for unemployment. These are figures derived SOLELY from unemployment offices in all 50 states - HARD NUMBERS, not surveys - that are then forwarded to the Federal government.
Regarding "dickens,cider" comment, if a person is laid off, and has been employed for long enough, they are eligible for UE benefits. Of course many companies are "smarter" than that. They begin building a file on each employee when they start, and add to it as time goes by. Each 'infraction' may be totally trivial or even justified at the time it occurs, but the totality of the file could be used as the basis of "fired for cause" after review vs. a layoff status, and the employee must challenge the employer's claim... the UE board may agree with only one of the parties, and the employee might not get UE benefits. Some employers routinely claim ALL job seperations are "fired for cause", just in case they get a sympathetic board, or the employee does not contest the claim.
To exnyorker...If the government surveyed every, single American household every, single month, you'ld scream that it was a waste of taxpayers' dollars, not that you pay any. If the government conducted no surveys at all, and thus released no numbers of any kind, you'ld scream government cover-up.Go drag your knuckles back into your mommy's basement, and resume playing video games.
Just started a part-time
"...indicators that have painted an upbeat picture of the jobs economy and the overall economy." I guess this is why Congress is scrambling to pass yet another unemployment extension --- because the economy is so "upbeat".Take a poll and ask all the unemployed and underemployed people how great they think the economy is doing.
Since you seem to have nothing else better to do with your time, why don't you survey every, single American household every, single month, and give the rest of us the true numbers regarding employment, unemployment, and the state of the economy?
Drpmindermender: Exactly right. Why are IDIOTS so ARROGANT to suggest MORONIC polling...... selecting just a small (or at least MINORITY) portion of the population with the GOAL of getting a FALSE of SKEWED result ? I feel bad for the unemployed and underemployed...... and yes.... we ought to do our best to fix the problem short & long-term. But moronic surveys do NOTHING.