Article

2012-01-13 Economy

Unexpectedly Initial Claims Back Over 400,000 (Post Next Week's Revision)

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Posted by Beavis 2012-01-13 00:00|| || Front Page|| [2 views ] Top

#1 Beavis, you forgot the Lucy holding the football pic. It's obligatory when posting anything regarding monthly jobless claims.

Posted by gorb 2012-01-13 00:44|| 2012-01-13 00:44|| Front Page Top

#2
"Novartis (NYSE: NVS), the drug giant, said it will fire 1,960 people in the U.S. New product introductions have slowed. Some current products have sales difficulties". Many others doing the same. Many areas of our economy now. I believe that at some point they will do away with this reporting the closer we get to the election. Perhaps they will keep it and just fudge the numbers more.

Posted by Dale 2012-01-13 07:41|| 2012-01-13 07:41|| Front Page Top

#3 UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 642,381 in the week ending January 7, an increase of 102,314 from the previous week.

Posted by Thaing Hatfield5066 2012-01-13 08:33|| 2012-01-13 08:33|| Front Page Top

#4 Are you refering to NEW claims, or to redurring claims? (one a month)
BIG difference.

Posted by Redneck Jim 2012-01-13 11:32|| 2012-01-13 11:32|| Front Page Top

#5 not good numbers but not as dire as zerohedge implies (I think he knows this)

the year ago numbers were 437k for the seasonally adjusted initial claims and 773k for not seasonally adjusted initial claims

For whatever reasons, the seasonal shopping peak has been getting higher for several years and also begun earlier than it used to and also the merchant discounting has begun earlier and been more aggressive.

Posted by Lord Garth 2012-01-13 14:27|| 2012-01-13 14:27|| Front Page Top

#6 Being retired allows me to recive junk mail that is very different prior to my retirement. Should I recieve any assistance benefits I am entitled to a free wireless phone, free minutes for a year, so on and so on.From medicade to Snap.This is how it's done now to control votes. What else will they offer people. Try to get a job and they give you a hard time. Try to get something like assistance come on down. I realize for some that may not be so easy.

Posted by Dale 2012-01-13 17:59|| 2012-01-13 17:59|| Front Page Top

#7 Who could possibly think initial claims "unexpectedly" jumped again? It has been "unexpected" most weeks for years now.

Posted by whatadeal 2012-01-13 21:24|| 2012-01-13 21:24|| Front Page Top

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