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All-TigerNet [10171]
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Joined: 11/30/98
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Jobless Claims in U.S. Plunged More Than Forecast Last Week
Apr 11, 2013, 3:59 PM
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Jobless Claims in U.S. Plunged More Than Forecast Last Week
Source: Bloomberg
Apr 11, 2013
Applications (INJCJC) for unemployment benefits in the U.S. plunged more than forecast last week, unwinding a surge caused by the Easter holiday and spring break at schools.
Jobless claims decreased by 42,000 to 346,000 in the week ended April 6, from a revised 388,000, Labor Department figures showed today in Washington. The median forecast of 49 economists surveyed by Bloomberg called for a drop to 360,000. A Labor Department official said no states were estimated and there was nothing unusual in the data.
Holidays such as Easter that fall on different weeks from year to year make it difficult to smooth out swings in the data, leading to increased volatility, the Labor Department said as the numbers were released. Waning firings, a sign employers are retaining workers to meet sales, help lay the ground for a pickup in hiring after payroll gains slowed in March.
“It’s heartening that these numbers have come down,” said Nariman Behravesh, chief economist at IHS Inc. in Lexington, Massachusetts, who forecast a decrease to 345,000, the closest among economists surveyed. “The weakness may have been overstated. This is an early piece of evidence that we’ll see a bounce back in the April employment numbers.”
Read more: http://www.bloomberg.com/news/2013-04-11/jobless-claims-in-u-s-plunged-more-than-forecast-last-week.html
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All-In [27816]
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Re: Jobless Claims in U.S. Plunged More Than Forecast Last Week
Apr 11, 2013, 4:43 PM
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It will be revised next week. When the jobless numbers were in the chitter, I don't recall you posting it every day.
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Heisman Winner [112638]
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Joined: 9/10/03
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Re: Jobless Claims in U.S. Plunged More Than Forecast Last Week
Apr 11, 2013, 4:54 PM
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let me know when that happens, being that you would rather see more people unemployed so you can bash the president.
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All-In [30546]
TigerPulse: 100%
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Joined: 10/4/99
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Let me guess,
Apr 11, 2013, 5:41 PM
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you never bashed Bush.
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MVP [503]
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Joined: 10/27/03
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Oculus Spirit [98351]
TigerPulse: 100%
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Joined: 7/13/02
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Horrible numbers....
Apr 11, 2013, 6:22 PM
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At least they were before Obama became President. Now those numbers are great, and $3.50 gas is "average".
Maybe if we can get another few million to drop out of the work force, that unemployment number will drop to 5%.
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All-In [32085]
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Joined: 11/22/03
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Tboi says 500k retire each month...dang baby boomers***
Apr 11, 2013, 7:54 PM
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Oculus Spirit [98351]
TigerPulse: 100%
Posts: 65246
Joined: 7/13/02
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One more argument against abortion and birth control.***
Apr 12, 2013, 1:05 PM
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Rock Defender [54]
TigerPulse: 90%
Posts: 35
Joined: 11/30/98
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lulz..yeah.All the 14 year girls getting knocked up
Apr 12, 2013, 3:04 PM
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will be raising hardworking, productive members of society, ready to take on the challenges of the new econonomy, prepared by the proper education and will to work that their parents provided them.
You know, even I couldn't finish that without laughing at it.
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110%er [6155]
TigerPulse: 100%
Posts: 9520
Joined: 10/15/01
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Probably due to our wonderful Governor's efforts to lure
Apr 11, 2013, 6:34 PM
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business away from the liberal north. Good job Nikki!
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Know-it-all [2692]
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Joined: 11/19/03
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Are the jobs the no-longer-unemployed are getting good?
Apr 11, 2013, 6:38 PM
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I do taxes and I come into contact with a lot of people and discuss their financial situation and I've had a whole lot of individuals this year telling me about losing their full time positions where they work as their companies brace for Obamacare.
I don't have statistics or evidence beyond my own experience, but it seems an awful lot like the trend is that a whole lot more people have bad jobs that don't meet their needs.
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