U.S.Jobless claims rise

kamikazi89 · 07-21-2011, 06:48 AM

i suspect this is partially why the Administration is dragging it's heels vis a vi the troop withdrawl from Afghanistan

Quote:

(Reuters) - The number of Americans filing new claims for unemployment benefits rose more than expected last week, pointing to a labor market that is struggling to regain momentum.

Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 418,000, the Labor Department said on Thursday.

Economists polled by Reuters had forecast claims rising to 410,000 from a previously reported 405,000.

"We're just stuck in this trend between 410,000 and 430,000. Generally we're just really not seeing any improvement but also not much worsening," said Jeffrey Greenberg, an economist with Nomura Securities in New York.

Stock index futures held earlier gains after the data, while the dollar extended losses against the euro.

The claims data covered the survey period for the closely watched nonfarm payrolls count for July, which will be released on August 5.

Initial claims fell 11,000 between the June and July survey periods, suggesting a modest improvement in payrolls after June's paltry 18,000 gain.

Job growth has faltered in the last two months, in line with the generally weak tone in the economy.

A rise in layoffs held back payroll growth in May, according to the department's latest Job Openings and Labor Turnover Survey, which was released last week.

Layoffs were probably behind the downshift in employment growth in June as well.

A major consumer food producer, PepsiCo Inc, tempered its full-year outlook on Thursday due to economic uncertainty, sending its shares down slightly in premarket trading.

The maker of Pepsi-Cola, Frito-Lay snacks and Quaker oatmeal said it now expects 2011 earnings to grow at a high single-digit rate.

The company said the new goal reflects greater uncertainty regarding macroeconomic and consumer trends for 2011, high global commodity cost inflation and ongoing investments in emerging markets and brand building.

A government shutdown in Minnesota following a budget impasse resulted in an additional 1,750 state employees filing claims for jobless benefits last week, the Labor Department said. The shutdown ended this week.

Initial claims have now been above the 400,000 mark for 15 straight weeks. That level is usually associated with a stable labor market.

The four-week moving average of claims, considered a better measure of labor market trends, slipped 2,750 to 421,250.

The number of people still receiving benefits under regular state programs after an initial week of aid dropped 50,000 to 3.70 million in the week ended July 9.

The number of Americans on emergency unemployment benefits declined 80,133 to 3.15 million in the week ended July 2, the latest week for which data is available.

A total of 7.33 million people were claiming unemployment benefits during that period under all programs, down 159,000 from the prior week.

**mothernature** · 07-21-2011, 01:46 PM

Hey, I got an idea.

Let's give massive tax cuts to the rich and the corporations. With all that excess wealth, they'll create jobs for Americans.

Oh yeah...............

kamikazi89 · 07-21-2011, 03:20 PM

u could always start another war

DdC · 07-22-2011, 12:03 PM

So much for ending the War on Drugs
Now the drug czar has announced the appointment of Deputy Director of Supply Reduction Major General.Marilyn Caligula to fill the needs of a perverted war on drugs…

Comment: The scary part. These morons think this is good.

Quote:

“Drug Prohibition does exactly the opposite of what it was intended to do. Drug Prohibition creates violence; it creates more addicts; it creates more dysfunction in society.”
- Constable Gil Puder, Vancouver City Police

The Ganjawar is good to those "morons" receiving the trillion dollars. Just a typical cold war. Scare the people and then sell them protection. That includes intelligence from Dyncorps and Sikorski helicopters and lots of bullets in case people have dogs. Jail space rental is another good investment. Rehabilitation's including whiz quizzes ain't chopped liver. The drug war is about maintaining dysfunction. Keeping renewable resources out of the profit of Wall St. Fossil fools, Big Ag and Pharma, which is redundant. Selling out a segment of the population for profit and cheap labor. Along with outsourcing jobs.

Gutting service jobs, prison slave labor and taxing service workers. All take local funds and diverts them to Obombo or Multinational Corporations. In both cases it isn't spent locally, generating local business. It assists in gutting the governments power to regulate pollution and workers safety. It guts the workers salaries competing with disposable labor. For the profit of Boosh's thousand points of light America has sold out her Sovereignty. By the traitor morons jerking the flags at the kids headed to Iraq because Neocon's lied and the free press has been bastardized. Flags bought at Wallmart, made in China feeding their economy and sweatshops. China uses plastic made from Iraq and Iranian crude oil. So the pseudo patriots are paying for the bullets they were shooting at American kids. Paying for Iran's ~~unclear~~ nuclear proliferation. Paying China along with the interest on the loans they lent us to bail out Wall St firms.

Two trillion spent in for profit police actions, two trillion spent bailing out Banksters and another trillion dollars on this neverending story of drugs and corruption keeping benign plants outlawed from the people. Yet they blame the seniors and sick or disabled vets on fixed incomes. All revolving around a message to the kids that is so confusing their Hemp blue jeans are listed as schedule#1 narcotics, comprising 98% of the DEA "marihuana" eradication statistics. No I think we are the morons and they are cut throat murdering Fascists Neocon's and now they pull the strings of the GOP. To serve and obey the World Banksters and Global economy many Freedom Fighters support in the name of unverified trust and good intentions. If we just open the southern and northern borders then we have cheap labor and plenty of resources. Mexamericanada coming to a country you knew. Doing their part for the New Weird Odor of the World Trade Orchestrations. What do we do... stop feeding the beast for a start. Until we deal with the disease we will continue treating the symptoms. Then go smoke a joint for Liberty!

Drug War Clock

Cost of War to the United States Since 2001
$1,225,840,331,536

Higher Ground By by John Sinclair
Pot's new Cold War

After 40 years, $1 trillion, US War on Drugs has failed to meet any of its goals

Roach · 07-22-2011, 12:10 PM

Quote:

The number of people still receiving benefits under regular state programs after an initial week of aid dropped 50,000 to 3.70 million in the week ended July 9.

The number of Americans on emergency unemployment benefits declined 80,133 to 3.15 million in the week ended July 2, the latest week for which data is available.

this does not include the millions of people, like me, who have exausted unemployment, (including the 12 week emergency extension) and are now signing up for public assistance.(welfare)

and this is only pertinant to states who were granted the emergency extensions ( some governors of some states did not apply to the feds for the emergency extension)

Roach · 07-22-2011, 01:53 PM

The Wall Street Journal Online - Interactive Graphics

June 22, 2009
Climbing Caseloads
See the increase in welfare cases for the 30 most populous states, year-over-year.
state/ percent change in welfare/12 month period end in.../ cases or unemployment rate.

State / % Change in Welfare Cases/ 12 Months Ending/ Unemployment Rate (May)
Loading...
California /10.40% /March /11.5%
Texas /-9.70% /April /7.1%
New York /1.20% /March /8.2%
Florida /14.20% /June /10.2%
Illinois /3.00% /May /10.1%
Pennsylvania /0.05% /May /8.2%
Ohio /10.80% /March /10.8%
Michigan /-4.80% /April /14.1%
Georgia /-5.00% /April /9.7%
North Carolina /9.20% /June /11.1%
New Jersey /-1.10% /March /8.8%
Virginia /18.30% /May /9.4%
Arizona /7.60% /March /8.2%
Massachusetts /5.20% /May /8.2%
Indiana /-1.40% /April /10.6%
Tennessee /5.70% /December /10.7%
Missouri /2.80% /April /9.0%
Maryland /14.20% /April /7.2%
Wisconsin /3.90% /March /8.9%
Minnesota /6.20% /April /8.2%
Colorado /16.00% /March /7.6%
Alabama /2.70% /March /9.8%
South Carolina /23.10% /March /12.1%
Louisiana /-1.30% /May /6.6%
Kentucky /0.10% /April /10.6%
Oregon /27.20% /May /12.4%
Oklahoma /-0.50% /March /6.3%
Connecticut /0.70% /May /8.0%
Iowa /4.40% /May /5.8%
Source: WSJ research
Write to the Online Journal's editors at newseditors@wsj.com
Return To Top

07-21-2011, 01:46 PM	#2 (permalink)
mothernature ancientbongmaster Join Date: Dec 2008 Location: Kentucky Posts: 1,232 Thanks: 1,201 Thanked 809 Times in 487 Posts	Hey, I got an idea. Let's give massive tax cuts to the rich and the corporations. With all that excess wealth, they'll create jobs for Americans. Oh yeah............... __________________ Sometimes sleep is the best revenge- Luke

07-22-2011, 01:53 PM	#6 (permalink)
Roach Victoria Aut Mors Join Date: Dec 1999 Posts: 7,184 Thanks: 2,372 Thanked 1,987 Times in 1,509 Posts	The Wall Street Journal Online - Interactive Graphics June 22, 2009 Climbing Caseloads See the increase in welfare cases for the 30 most populous states, year-over-year. state/ percent change in welfare/12 month period end in.../ cases or unemployment rate. State / % Change in Welfare Cases/ 12 Months Ending/ Unemployment Rate (May) Loading... California /10.40% /March /11.5% Texas /-9.70% /April /7.1% New York /1.20% /March /8.2% Florida /14.20% /June /10.2% Illinois /3.00% /May /10.1% Pennsylvania /0.05% /May /8.2% Ohio /10.80% /March /10.8% Michigan /-4.80% /April /14.1% Georgia /-5.00% /April /9.7% North Carolina /9.20% /June /11.1% New Jersey /-1.10% /March /8.8% Virginia /18.30% /May /9.4% Arizona /7.60% /March /8.2% Massachusetts /5.20% /May /8.2% Indiana /-1.40% /April /10.6% Tennessee /5.70% /December /10.7% Missouri /2.80% /April /9.0% Maryland /14.20% /April /7.2% Wisconsin /3.90% /March /8.9% Minnesota /6.20% /April /8.2% Colorado /16.00% /March /7.6% Alabama /2.70% /March /9.8% South Carolina /23.10% /March /12.1% Louisiana /-1.30% /May /6.6% Kentucky /0.10% /April /10.6% Oregon /27.20% /May /12.4% Oklahoma /-0.50% /March /6.3% Connecticut /0.70% /May /8.0% Iowa /4.40% /May /5.8% Source: WSJ research Write to the Online Journal's editors at newseditors@wsj.com Return To Top Last edited by Roach; 07-22-2011 at 02:03 PM.

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