Political Economy category archive
Nothing To Do, Nowhere To Go 0
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The four-week average of claims, a less-volatile measure, rose to 356,250 last week from 348,250.
The story attributes approximately 10,000 of these to the Republican shutdown and also reports that 2.88 million persons are receiving continuing benefits beyond the normal time limit.
Nothing To Do, Nowhere To Go 0
No surprise here, as teabaggery takes it toll.
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The partial government shutdown this month trimmed 0.25 percentage point from fourth-quarter economic growth and cost the U.S. 120,000 jobs in October, Jason Furman, head of the Council of Economic Advisers, said at a White House briefing earlier this week.
Economists’ estimates in the Bloomberg survey for jobless claims ranged from 320,000 to 365,000 after the prior week’s previously reported 358,000. Applications surged in prior weeks as California worked through a backlog caused by a switch in computer systems.
The four-week average of claims, a less volatile measure than the weekly figures, increased to 348,250 last week from 337,500. No states were estimated last week.
Nothing To Do, Nowhere To Go 0
Job creation, Republican shutdown style.
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The median forecast of economists surveyed projected 311,000. Estimates ranged from claims of 304,000 to 340,000. The jump pushed applications up to the highest level since March last week. The previous week’s figure was unrevised at 308,000.
The jobless claims report showed the four-week moving average, a less volatile measure than the weekly figures, climbed to 325,000 last week from 305,000.
Also, Bloomberg still needs new experts.
“We” vs. “Me” 0
Thom describes the clash of visions between the “we society” and the “me society.”
Nothing To Do, Nowhere To Go 0
The numbers do not reflect the Secesh’s recent guerrilla actions against governance.
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The jobless claims report showed the four-week moving average, a less volatile measure than the weekly figures, dropped to 305,000 last week, the lowest level since May 2007.
The number of people continuing to receive jobless benefits jumped by 104,000 to 2.93 million in the week ended Sept. 21. The continuing claims figure does not include the number of Americans receiving extended benefits under federal programs.
Additional reports scheduled for this week are reportedly on furlough.
Nothing To Do, Nowhere To Go 0
A little better.
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The four-week average dropped to 308,000 from 315,000 in the prior week, today’s Labor Department report showed.
The number of people continuing to receive jobless benefits increased by 35,000 to 2.82 million in the week ended Sept. 14. The continuing claims figure does not include the number of Americans receiving extended benefits under federal programs.
In related news, Bloomberg’s experts are nothing if not consistent. Details at the link.
Nothing To Do, Nowhere To Go 0
Not terrible.
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The four-week average fell to 314,750, the lowest since October 2007.
The number of people continuing to receive jobless benefits declined by 28,000 to 2.79 million in the week ended Sept. 7. The continuing claims figure does not include the number of Americans receiving extended benefits under federal programs.
In other news, Bloomberg’s experts are back on their trend-line of “don’t take these guys’ advice at the track.”
The Rich Are Different from You and Me 2
And they like it that way.
“We’ve got an economy that serves strictly to benefit the wealthy and not the average working person,” said Sharon Ward, executive director of the Pennsylvania Budget and Policy Center, who was aghast at the findings.
Nothing To Do, Nowhere To Go 0
For all practical purposes, stasis with slight hints of improvement.
The decrease in filings doesn’t signal a change in job-market conditions because most of it was caused by computer-network conversions in the two states, according to a Labor Department spokesman.
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Estimates for jobless claims in the Bloomberg survey of 50 economists ranged from 315,000 to 350,000. The four-week moving average of claims, a less volatile measure than the weekly figures, fell to 321,250 last week, the lowest since October 2007, from 328,750.
I was late checking the news of the jobbed and jobless because I had somewhere to go and something to do.
(Junk) Bonding with the News 0
I remember when employees first were given the right to shift their funds about in their IRAs.
Something would happen and, the next day, some folks would be on the phone moving money from “high-risk” to “low-risk” funds or vicey versey.
It was silly, stupid, and often self-defeating. Closing the barn door after the horse etc.
At MarketWatch, George Sisti explains to whom to turn:
More from his expert at the link.
Nothing To Do, Nowhere To Go 0
For all practical purposes, the patient is stable, but not improving.
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The jobless claims report showed the four-week moving average, a less volatile measure than the weekly figures, declined to 328,500 last week, the lowest since October 2007, from 331,500.
The number of people continuing to receive jobless benefits declined by 43,000 to 2.95 million in the week ended Aug. 24. The continuing claims figure does not include the number of Americans receiving extended benefits under federal programs.