Jobless claims down 27,000 better than expected..this is a good thing right?

[Peacetrain]

Last week and now this week.. we are at the break even point that shows real job growth.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=433x428393


This just struck me.. this would not be summer part-time school hires, we are past that.. or would it be holidays hires, too early.. this is good stuff.

[Dawgs]

1. It's a good thing.

:hi:

[Peacetrain]

2. That is what I think!

:hi: .. especially for the time of the year

[monmouth]

3. The thought that folks out of work for so long and enduring the hardships

have finally gotten jobs and a break warms my heart. Really, getting kids set for school, winter coming on and fuel bills to look forward to. Blessings to all who have found work..

[Peacetrain]

4. Exactly...

:pals:

[earthside]

7. I t doesn't mean THAT ...

This report means that less people applied for unemployment benefits than last week; it doesn't mean that anybody got a new job.

This is not necessarily good news or bad news, this is just the report for one week. Overall, as we learned last week, unemployment is higher.

And, big picture, the economy is still mired in recession ... except for the folks at the very top. For most working and middle class Americans, the 'Great Recession' lingers on and on.

[Better Today]

9. Exactly, but some people want to treat these weekly reports like repubs

responded to a cold spell last year and then claimed global climate change was bogus.

[Peacetrain]

11. That road goes both ways...

[Better Today]

14. No, it doesn't. Just like climate change deniers are not ever right

when they claim a small event as an indication that global warming isn't real, we shouldn't be jumping on a one or two or even a month or two of reports to claim that the recession/depression is over or improving measurably. It doesn't go both ways with climate change, and it doesn't got both ways for the un- and under-employed. It just doesn't.

[Peacetrain]

17. That road goes both ways... meaning some see only the negative and some see only the positive

It had nothing to do with climate change.. Lord

edit for spelling

[Better Today]

18. Since you responded to a post referencing climate change, I think you're full of it.

You're just trying to backtrack. It's not a matter of positive or negative. It's some people's choice to pretend very short term data has any significance on long term issues. Do you realize how offensive it is for those of us that haven't had a paycheck in years, with none anywhere in sight, to keep trying to inflate this crap into something more meaningful than it is? It lets us know that y'all who are gainfully employed don't give shit anymore, everything's about to be fine so why would you care anymore, right?

[Peacetrain]

10. How do you know that?

I have seen and posted articles that show an increase in job offerings.. and the fact that the unemployment rate is up because long term unemployed are coming back in to the market.. that is a good thing even if the overall number is not moving.. the base is starting to build..

[Better Today]

15. Bullshit. Job postings around here increase from time to time, but when one

looks closely what one finds is the same jobs that were open last month or last year, but now at a lower rate. It's turnover, not new jobs, as proven by the higher and/or stagnant unemployment numbers. You are naive.

[Peacetrain]

16. I am not getting into a pissing and moaning contest with you..

If you want to call me naive.. feel free.. but I see growth.. and I see it as good that people are trying to come back into the market.. if you don't, nothing I can say or do will change that..

[Name removed]

19. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Fire1]

21. That's exactly what it means. n/t

[babylonsister]

5. (tried to) rec'd for good news; this apparently annoys some

folks around here. :shrug:

[Peacetrain]

6. I know..

they are in early this morning.. hoping that any good news is not allowed out..

[FBaggins]

8. Of course it's a good thing.

Though that isn't historically the "break even point that shows real job growth" (it would have to fall by almost another 100k to reflect "real job growth"

This just struck me.. this would not be summer part-time school hires, we are past that.. or would it be holidays hires, too early.. this is good stuff.

Seasonal hiring paterns don't impact the filings number much. Seasonal firing patterns do, but that's usually accounted for in the SA.

[DCBob]

12. Yes, this may be a significant turn.. but lets see if it holds next month.

I have a feeling it will. There are a number of positive economic reports recently.

[Peacetrain]

13. Yes.. if it holds into next month, I think we can all start to breathe easier

Jobs jobs jobs..

[impik]

20. Of course it's a good thing, but it won't change the media narrative

[Tarheel_Dem]

22. K&R.....

[Kahuna]

23. K&R! nt

[TheKentuckian]

24. New claims is marginally good and total claims can actually be bad as people fall off

and are left twisting but no longer counted.

[JCMach1]

25. I can just begin to see things starting to turn... Corporate profits decent

many stocks selling at low multiples...

Unemployment and global economy slowly improving.


Waiting for someone to dump some doom on me in 3 2 1 !

[SlipperySlope]

26. Maybe not good news - the numbers are especially bogus this time.

Due to the Labor Day holiday, nine states did not provide actual unemployment claims numbers. Two states provided estimates instead of actual numbers, and the other seven provided nothing so the Federal government made up their own estimates.

With that much "estimating" in the numbers this week, I don't know how accurate we should consider the claims numbers to be.