From Pine View Farm

Political Economy category archive

Nothing To Do, Nowhere To Go 0

Still well under 300k.

Jobless claims increased by 13,000 to 260,000 in the period ended Oct. 15, a Labor Department report showed Thursday in Washington.

(snip)

The four-week average of claims, a less-volatile measure than the weekly figure, increased to 251,750 from 249,500 in the prior week.

The number of people continuing to receive jobless benefits rose by 7,000 to 2.06 million in the week ended Oct. 8. The unemployment rate among people eligible for benefits held at 1.5 percent. These data are reported with a one-week lag.

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Nothing To Do, Nowhere To Go 0

Still not bad (and certainly not Donald Trump’s hellscape):

Filings for U.S. unemployment benefits were at a four-decade low over the past two weeks as sales prospects encouraged employers to maintain headcounts.

Jobless claims were 246,000 in the period ended Oct. 8, unchanged from the previous week’s level, which was revised lower, a Labor Department report showed Thursday in Washington.

(snip)

The four-week average of claims, a less-volatile measure than the weekly figure, declined to 249,250 from 252,750 in the prior week.

The number of people continuing to receive jobless benefits fell by 16,000 to 2.05 million in the week ended Oct. 1, the lowest since June 2000. The unemployment rate among people eligible for benefits held at 1.5 percent.

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Nothing To Do, Nowhere To Go 0

The last time the number was this low, I was in grad school.

Jobless claims dropped by 5,000 to 249,000 in the week ended Oct. 1, a Labor Department report showed Thursday in Washington.

(snip)

The four-week average of claims, a less-volatile measure than the weekly figure, dropped to 253,500, the lowest since December 1973, from 256,000 in the prior week.

The number of people continuing to receive jobless benefits declined by 6,000 to 2.06 million in the week ended Sept. 24. The unemployment rate among people eligible for benefits held at 1.5 percent. These data are reported with a one-week lag.

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The Candidates Debate 0

Walter Cronkite would turn over in his grave at our broken punditocracy.

Via Balloon Juice.

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Nothing To Do, Nowhere To Go 0

Still not bad.

Jobless claims declined by 8,000 to 252,000 in the week ended Sept. 17, a Labor Department report showed Thursday in Washington.

(snip)

The four-week average of claims, a less-volatile measure than the weekly figure, dropped to 258,500 from 260,750 in the prior week.

The number of people continuing to receive jobless benefits declined by 36,000 to 2.11 million in the week ended Sept. 10, the lowest level since May.

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Ryans Derp, “Post Turtles” Dept. 0

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“Nothing To Do, Nowhere To Go” 0

No significant change:

Jobless claims edged up 1,000 in the week ended Sep. 10 to 260,000, a report from the Labor Department showed Thursday.

(snip)

The less-volatile four-week average of jobless claims dropped to 260,750, the lowest level since the end of July, from 261,250.

That’s 80 weeks under 300k.

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Nothing To Do, Nowhere To Go 0

No change worth noting (emphasis added).

Jobless claims fell by 4,000 to 259,000 in the week ended Sept. 3, a Labor Department report showed Thursday in Washington.

(snip)

The four-week average of claims, a less-volatile measure than the weekly figure, declined to 261,250 from 263,000 in the prior week. Filings have been below 300,000 for 79 straight weeks — the longest stretch since 1970 and a level economists say is typically consistent with a healthy labor market.

The number of people continuing to receive jobless benefits dropped by 7,000 to 2.14 million in the week ended Aug. 27. The unemployment rate among people eligible for benefits was 1.6 percent for a seventh week. These data are reported with a one-week lag.

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The Trouble with Education 0

This pretty much sums up what’s wrong with public schools. It’s not the schools, it’s Republican-controlled governments that do not believe in the public good.

My daughter is a high school teacher. She (we . . . I) bought those supplies so she could give them to her students, who cannot afford them.

After we stuffed her basket with folders and paper for her students, she started looking at office supplies like staplers and paper clips. “Doesn’t your school give you those for your classroom?” I asked innocently. “No,” she replied, literally shaking her head.

The night before her first day of school, she received an email stating that the school is no longer able to supply ink for her classroom printer. So now she must purchase that as well.

Follow the link for more.

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“Nothing To Do, Nowhere To Go” 0

For all practical purposes, no change:

Jobless claims rose by 2,000 to 263,000 in the week ended Aug. 27, a report from the Labor Department showed on Thursday.

(snip)

Filings have been below 300,000 for 78 straight weeks, the longest stretch since 1970 and a level that is typically consistent with an improving job market.

The number of people continuing to receive jobless benefits rose by 14,000 to 2.16 million in the week ended Aug. 20. The unemployment rate among people eligible for benefits held at 1.6 percent.

Bloomberg is all a-titter because the figure is a measly 2,000 lower than its forecast (that’s 0.7%); that’s much ado like not much of anything.

A pox upon their forecasts, a veritable pox, I say, and a greater pox upon their incessant nattering about them.

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You Too Can Be on Television! 0

At Science 2.0, Edzard Ernst explains how to become a charlatan.

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The Reno Speech 0

Here is Hillary Clinton’s Reno speech in which she sliced and diced Donald Trump. You can read a transcript at TPM.

Via Delaware Liberal.

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Nothing To Do, Nowhere To Go 0

Still not bad.

Jobless claims dropped by 1,000 to 261,000 in the week ended Aug. 20, a report from the Labor Department showed on Thursday.

(snip)

Filings have been below 300,000 for 77 straight weeks, the longest stretch since 1970. That is typically consistent with an improving job market.

The number of people continuing to receive jobless benefits dropped by 30,000 to 2.145 million in the week ended Aug. 13, below the Bloomberg survey median forecast. The unemployment rate among people eligible for benefits held at 1.6 percent. These data are reported with a one-week lag.

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Never What It Said It Was 0

Francis Wilkinson points out that Teabaggery has never been about what it claims to be about.

It is not a tax revolt; it is a tax grab.

A snippet (emphasis added):

There is a long tradition of supporting state spending on yourself (hands off my Medicare) while opposing the allocation of tax dollars to someone else (Obamacare is tyranny). The Tea Party covered this mundane transaction in a powdered wig.

Until Donald Trump came along.

Trump, whose genuine populist instincts appear unconscious of, and unencumbered by, American history, dispensed with the tri-corner hats. His offer required no validation from neo-colonials, no resort to hallowed principles of limited government. Trump’s deal was straight up: He would secure the government programs — Social Security, Medicare — that benefit older, whiter Tea Party voters while chasing younger, browner Americans away from the public trough. He would even clear out of the country anyone who failed to prove citizenship.

More at the link.

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Nothing To Do, Nowhere To Go 0

Status quo ante:

Jobless claims fell by 4,000 to 262,000 in the week ended Aug. 13, the fewest in a month, a Labor Department report showed Thursday in Washington.

(snip)

The figure has been below the 300,000 level for 76 consecutive weeks, the longest stretch since 1970. That is typically consistent with an improving job market.

The number of people continuing to receive jobless benefits rose by 15,000 to 2.175 million in the week ended Aug. 6, the highest level since April though still historically low. The unemployment rate among people eligible for benefits was 1.6 percent for a fourth straight week. These data are reported with a one-week lag.

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How Stuff Works, Trickle on Economics Dept. 0

First woman:  Explain to me again how

Via C&L.

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Supply and Demand 0

Trump, on television, claiming that he will

Via Juanita Jean.

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Nothing To Do, Nowhere To Go 0

For all practical purposes, status quo ante.

Jobless claims fell by 1,000 to 266,000 in the week ended Aug. 6, from a revised 267,000 in the prior period, a report from the Labor Department showed on Thursday. Filings have been below 300,000 for 75 straight weeks, the longest stretch since 1970.

(snip)

The number of people continuing to receive jobless benefits rose by 14,000 to 2.16 million in the week ended July 30. The unemployment rate among people eligible for benefits held at 1.6 percent.

Read more »

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If One Standard Is Good, Two Must Be Better 0

Dave Helling notes that sauce for the Democratic goose is not sauce for the Republican gander:

Republicans used to make great fun of President Barack Obama for using a teleprompter, . . . .

(snip)

Gosh, I wonder if they’re rethinking those words.

That’s because Republicans of all stripes are now begging presumptive nominee Donald Trump to use a teleprompter when he speaks. Teleprompter Trump is good Trump, they say.

More at the link.

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The Economic Cycle 0

Chart showing unemploying consistently going down under Democratic presidents and up under Republican ones since 1960.

Via Job’s Anger.

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