Posts Tagged ‘jobless

01
Nov
12

Rise and Shine

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EDT

9:20: The President departs the White House

10:35: Arrives Green Bay, Wisconsin

10:40: Delivers remarks at Austin Straubel International Airport, Green Bay

11:45: Departs Green Bay

PDT

1:15: Arrives Las Vegas

2:10: Delivers remarks at Cheyenne Sports Complex, Las Vegas

3:25: Departs Las Vegas

MDT

5:55: Arrives Denver, Colorado

7:0: Delivers remarks at Coors Events Center, Denver

8:45: Departs Denver

EDT

1:05: Arrives Columbus, Ohio where he will stay overnight

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Steve Benen: If the White House hopes to see initial unemployment claims drop just before the election, officials got their wish. The new figures from the Department of Labor – the last report before Election Day – show a move in the right direction:

Applications for U.S. unemployment benefits fell by 9,000 to a seasonally adjusted 363,000 in the week of Oct. 21-27, keeping them in a range that indicates little change in U.S. hiring patterns over the past few months. Economists surveyed by MarketWatch expected claims to fall to 365,000. Initial claims from two weeks ago were revised up to 372,000 from an original reading of 369,000, based on more complete data collected at the state level, according to the U.S. Labor Department.

More here

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Cagle

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Toledo Blade: In the fi­nal few days of the pres­i­den­tial con­test, Mitt Rom­ney ev­i­dently rec­og­nizes that his op­po­si­tion to the fed­eral res­cue of Gen­eral Mo­tors and Chrysler is costing him voter sup­port he needs in Ohio and Mich­i­gan. So the Re­pub­li­can nom­i­nee is con­duct­ing an ex­er­cise in de­cep­tion about auto-in­dus­try is­sues that is re­mark­able even by the stan­dards of his cam­paign.

…. Mr. Rom­ney’s own words make clear he is no friend of the auto in­dus­try, on which Ohio re­lies for one of ev­ery eight jobs. Vot­ers in Ohio and Mich­i­gan — and the na­tion — need to re­mem­ber that.

Full editorial here

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Cagle

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NYT Editorial: When General Motors tells a presidential campaign that it is engaging in “cynical campaign politics at its worst,” that’s a pretty good signal that the campaign has crossed a red line and ought to pull back. Not Mitt Romney’s campaign. Having broadcast an outrageously deceitful ad attacking the auto bailout, the campaign ignored the howls from carmakers and came back with more.

Mr. Romney apparently plans to end his race as he began it: playing lowest-common-denominator politics, saying anything necessary to achieve power and blithely deceiving voters desperate for clarity and truth.

….. Mr. Romney is providing a grim preview of what kind of president he would be.

Full editorial here

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Cagle

Cagle

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Greg Sargent: The chatter continues this morning about GOP Governor Chris Christie’s astonishingly effusive praise of Obama’s handling of Hurricane Sandy. After they toured the damage yesterday, Christie thanked Obama for their “great working relationship” and claimed Obama “sprung into action immediately.” The day before, Christie praised Obama’s storm response as “outstanding,” adding: “He deserves my praise, and he will get it regardless of what the calendar says.”

What’s striking about this is how directly it undermines one of the central arguments Mitt Romney is making against Obama, with only five days left until Election Day … Romney has been closing out the campaign with a series of ads claiming that he will work with Democrats to get things done in Washington and arguing that Obama utterly failed to persuade Republicans to work with him….

Now Americans are being treated to images of a Republican Governor extensively praising Obama for working with him cooperatively and displaying leadership and a propensity for quick action at a time of crisis.

More here

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President Obama and Gov Christie talk with local residents at the Brigantine Beach Community Center in Brigantine, N.J., Oct. 31

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Okay, this one’s a bit unfortunate…..

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Morning everyone ;-)

03
Mar
11

‘the lowest level in nearly three years’

Graphic from Time

Marketwatch: New applications for U.S. jobless benefits fell by 20,000 to 368,000 in the week of Feb. 26, the lowest level in nearly three years, the Labor Department reported Thursday.The last time claims were that low was in May 2008.

Economists polled by MarketWatch had expected first-time jobless claims to rise to a seasonally adjusted 398,000 from last week’s revised level of 388,000.

….The four-week average is considered a more accurate gauge of employment trends because it lessens week-to-week volatility in the data. The decline in claims, which have fallen 27% since last August, appears to be consistent with a modest pace or hiring and fewer layoffs.

Continuing claims, meanwhile, declined by 59,000 to 3.77 million in the week of Feb. 19. About 9.24 million people received some kind of state or federal benefit in the week of Feb. 12, up 74,000 from the week before.

Chart from here

Washington Post: Stocks jumped Thursday after a government report showed that the number of people filing for unemployment benefits dropped unexpectedly last week. Retailers also reported solid February sales.

The Labor Department said first-time claims for unemployment benefits fell to 368,000. That’s the lowest level for claims since May 2008. Economists had expected them to rise.

20
Jan
11

slowly, surely

The Hill: Initial claims for unemployment dropped unexpectedly last week providing another signal that the job market is improving although at a slow pace.

Claims dropped by 37,000 to 404,000 in the week ended Jan. 15 from the previous week’s revised 441,000, the largest drop since February 2010, the Labor Department said Thursday.

The four-week moving average was 411,750, a better gauge than the weekly figures, a decrease of 4,000 from the previous week’s revised average of 415,750.

Small and large businesses have said they would accelerate hiring this year, and other sectors in the economy, such as the manufacturing sector and consumer spending have show positive signs of growth that could propel job creation….

Full article here

Graph from here

07
Dec
10

hey, call me petty….

….but if Fox are going Boehner orange-ish/red with rage over this deal, then it’s a monster-big thumbs-up from me

;-)

28
Oct
10

jobless claims lowest for three months

Bloomberg: Claims for jobless benefits unexpectedly dropped last week to a three-month low, a sign the U.S. labor market may be starting to mend.

Initial jobless claims decreased by 21,000 to 434,000 in the week ended Oct. 23, the lowest since early July when fewer auto plants than normal closed for retooling, Labor Department figures showed today in Washington. The total number of people receiving unemployment insurance dropped to a two-year low, while those getting extended payments also fell.

Consumer spending, which accounts for about 70 percent of the economy, is beginning to stir and may give employers reason to add workers ahead of the holiday shopping season. Fewer firings are an initial step toward more hiring as companies such as Ford Motor Co. see sales improve.

“Certainly these are encouraging numbers,” said Brian Jones, senior economist at Societe Generale SA in New York…….

…….Economists forecast claims would increase to 455,000




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