Political Economy category archive
Nothing To Do, Nowhere To Go 0
A little worse, but still under 300k.
The number of applications last week was the most since the period ended July 4. The median forecast in a Bloomberg survey of economists called for claims of 278,000.
Four-Week AverageThe four-week moving average, a less volatile measure than the weekly figures, increased to 285,000 from 278,500.
Nothing To Do, Nowhere To Go 0
Despite Bloomberg’s silly headline (follow the link), for all practical purposes, status quo ante:
(snip)
The four-week moving average of claims, a less volatile measure than the weekly figures, increased to 278,750 from 275,750. The average was the highest since July.
The number of people continuing to receive jobless benefits rose by 29,000 to 2.26 million in the week ended Jan. 2. The unemployment rate among people eligible for benefits increased to 1.7 percent from 1.6 percent.
Nothing To Do, Nowhere To Go 0
Marginally better.
(snip)
The four-week moving average, a less volatile measure than the weekly claims numbers, decreased to 275,750 last week from 277,000.
Continuing ClaimsThe number of people continuing to receive jobless benefits rose by 25,000 to 2.23 million in the week ended Dec. 26. The unemployment rate among people eligible for benefits held at 1.6 percent. These data are reported with a one-week lag.
“The Smart One,” Great Moments in Flailure Dept. 0
Jeb! is reported to be soliciting President George the Worst to campaign for him.
This painfully protracted campaign season seems to promise one benefit: the end of the Bush League.
Anchors Away 0
As the middle class gets pushed into poverty, the era of “anchor stores” fades.
(snip)
That new norm has been nothing less than brutal on the former mall stars, whose glow continues to dim nationwide.
Sears has closed 152 mall stores since 2007. Penneys closed 40 locations in 2015 alone, including some at Pennsylvania and New Jersey malls.
If persons can’t afford to consume, you cannot maintain a “consumer economy.”
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Nothing To Do, Nowhere To Go 0
Although Bloomberg chose to go with a panicky headline because news is not new unless accompanied by panic (follow the link to clutch your pearls), still under 300k.
(snip)
The four-week moving average, a less volatile measure than the weekly claims numbers, increased to 277,000 last week from 272,500.
The number of people continuing to receive jobless benefits rose by 3,000 to 2.2 million in the week ended Dec. 19.
Nothing To Do, Nowhere To Go 0
A little better.
(snip)
The four-week moving average, a less volatile measure than the weekly claims numbers, was little changed at 270,500 last week after 270,750. That compares with an average of 271,000 during the comparable employment survey period for November. The economy added 211,000 workers last month, more than projected, and the unemployment rate held at 5 percent.
Nothing To Do, Nowhere To Go 0
Not quite so good, but still under 300k.
(snip)
The prior week was unrevised at 269,000. In July, filings dropped to 255,000, the lowest since the 1970s. . . .
The four-week average of claims, a less-volatile measure than the weekly figure, rose to 270,750 from 269,250 in the prior week.
Nothing To Do, Nowhere To Go 0
Still not bad.
(snip)
The four-week average of claims, a less-volatile measure than the weekly figure, dropped to 269,250 from 271,000 the week before.
The number of people continuing to receive jobless benefits rose by 6,000 to 2.16 million in the week ended Nov. 21.
Nothing To Do, Nowhere To Go 0
Still okay.
The four-week average of claims, a less-volatile measure than the weekly figure, held at 271,000. . . .
The number of people continuing to receive jobless benefits increased to 2.21 million in the week ended Nov. 14 from 2.17 million.
Freedom of Screech 0
Historiann posts a note about events at my alma mater.
Nothing To Do, Nowhere To Go 0
Still not bad.
(snip)
The four-week average of claims, a less-volatile measure than the weekly figure, climbed to 270,750 from 267,750 the week before. That compares with an average of 263,250 during the comparable employment survey period for October.
The number of people continuing to receive jobless benefits fell by 2,000 to 2.18 million in the week ended Nov. 7.
Artful Dodgers 0
Dick Polman analyzes Republicans’ responses during the recent debacle debate. A snippet (italics in the original):
Well, first of all, I must say as I think about that question, I think about a woman I met the other day. I would guess she was 40 years old. She had several children. And she said to me, you know, Carly, I go to bed every night afraid for my children’s future. And that really struck me. This is America. A mother is going to bed afraid for her children’s future.
Note how she dodges the question right away. When a politician begins by conjuring the perfect voter anecdote, you know that he or she is in trouble.
_____________________
*Job creation rates under Clinton and Obama compared to those under President George the Worst.
Nothing To Do, Nowhere To Go 0
Status quo ante.
Jobless claims held at 276,000 in the week ended Nov. 7, a Labor Department report showed Thursday.
(snip)
The four-week average of claims, a less-volatile measure than the weekly figure, climbed to 267,750, the highest since the end of September, from 262,750 in the prior week.
The number of people continuing to receive jobless benefits rose by 5,000 to 2.174 million in the week ended Oct. 31.
Nothing To Do, Nowhere To Go 0
Still well under 300k.
(snip)
The four-week average of jobless claims, a less-volatile measure than the weekly figure, rose to 262,750 from 259,250 the week before, which was the lowest since December 1973.
The number of people continuing to receive jobless benefits increased by 17,000 to 2.16 million in the week ended Oct. 24.