Category Archives: Unemployment

Jobless claims report, July 8, 2010, Down?, Seasonally adjusted down, Claims up

Posted on July 8, 2010 | 12 comments

Jobless claims report, July 8, 2010, Down?, Seasonally adjusted down, Claims up

The Jobless Claims report was released by the US Labor Dept. this morning. Everyone is reporting, and the stock market is rejoicing, that claims were down. Here are the actual numbers.

“In the week ending July 3, the advance figure for seasonally adjusted initial claims was 454,000, a decrease of 21,000 from the previous week’s revised figure of 475,000.”

“The advance number of actual initial claims under state programs, unadjusted, totaled 463,560 in the week ending July 3, an increase of 22,560 from the previous week. There were 581,145 initial claims in the comparable week in 2009.”

This is nothing to shout about:

“The 4-week moving average was 466,000, a decrease of 1,250 from the previous week’s revised average of 467,250.”

Read more:

https://citizenwells.com/2010/07/08/jobless-claims-july-8-2010-seasonally-adjusted-down-21000-unadjusted-increased-22560/

12 Comments

Posted in America, Americans, Announcements, Barack Obama, Citizen, Citizen Journalism, Citizen News, Citizens for the truth about Obama, CitizenWells, DC, Employment, Government, Jobs, News, Obama, Obama administration, The Case Against Barack Obama, Unemployment, United States, US economy, Washington DC, white house

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Hustler in chief, Unemployment rate, Illegal aliens, Economy, Citizen Wells open thread, July 3, 2010

Posted on July 3, 2010 | 97 comments

Hustler in chief, Unemployment rate, Illegal aliens, Economy

I suppose you all heard the Hustler in chief speak of the 9.5 % unemployment rate in somewhat glowing terms as improvement. When I heard life long Democrat, civil rights attorney, Bartle Bull refer to Obama as a hustler it resonated with me. I had been refering to Obama for many months as being “street smart.”

Wiretap from Rod Blagojevich trial.
DATE: 11/10/2008
 
TIME:  9:07 A.M.
 
ACTIVITY: Rod Blagojevich home line conference call
 
SESSION:  451

BLAGOJEVICH “Now Patti works. She’s very good at what she does. She’s as qualified as Michelle Obama, if not more qualified. Michelle Obama is getting sixty five grand a year for you know, what was it, Tree House Foods, Patti?”
 
 
QUINLAN “Tree House Foods is what she was on.”
 
P. BLAGOJEVICH “Tree House.”
 
BLAGOJEVICH “Yeah and she’s making 0 grand over at the University of Chicago.”
 
 
BLAGOJEVICH “…where her fath-, her husband’s federal months, federal funds are going there? What?”
 
P. BLAGOJEVICH “Yeah, which of course went up as soon as he got elected to Senate and he was able to get federal funding to University of Chicago. Get this, I think the most…”

97 Comments

Posted in Announcements, Attorneys, Barack Obama, Citizen, Citizen Journalism, Citizen News, Citizens for the truth about Obama, CitizenWells, Civil rights, Economy, Employment, Government, indictment, Jobs, Lawyers, Lies, News, Obama, Obama administration, Obama indictment, Obama lies, Obama Nation, Obama records, Obama thugs, The Case Against Barack Obama, Unemployment, United States, US economy, Washington DC, white house

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Unemployment rate, July 2, 2010, US Labor Dept, June unemployment rate 9.5 percent??, Orwellian algorithm, Fuzzy math, Lies, Real unemployment rate

Posted on July 2, 2010 | 207 comments

Unemployment rate, July 2, 2010, US Labor Dept, June unemployment rate 9.5 percent??

“The past is whatever the records and the memories agree upon.
And since the party is in full control of all records, and in
equally full control of the minds of it’s members, it follows
that the past is whatever the party chooses to make it. Six
means eighteen, two plus two equals five, war is peace,
freedom is slavery, ignorance is strength.”…George Orwell, “1984”

I am not a rocket scientist.

However, I started out as a math major, I am from NC, I have an excellent built in BS detector and a pretty good decoder ring.
What kind of “fuzzy math” or Orwellian algorithm is the Federal Government using?

The so called unemployment rate on June 30, 2010 was stated as 9.7%.

On June 30, 2010 we learn

Private employment may have decelerated

On July 1, 2010 we learn

Unemployment claims up 13,000

We know that hundreds of thousands of high school and college graduates entered the job market in May and June of 2010.

Today, July 2, 2010,  we are told this

Unemployment rate 9.5% ??

Now read this opening statement from the US Labor Dept. News Release, July 2, 2010.
“THE EMPLOYMENT SITUATION – JUNE 2010

Total nonfarm payroll employment declined by 125,000 in June, and the unemployment rate edged
down to 9.5 percent, the U.S. Bureau of Labor Statistics reported today. The decline in payroll employment
reflected a decrease (-225,000) in the number of temporary employees working on Census 2010.
Private-sector payroll employment edged up by 83,000.”

http://www.bls.gov/news.release/pdf/empsit.pdf

This

Does Not

Compute

207 Comments

Posted in Accountability, America, Americans, Announcements, Citizen, Citizen Journalism, Citizen News, Citizens for the truth about Obama, CitizenWells, DC, Employment, Government, Jobs, Lies, News, Orwell, Orwellian, Unemployment, United States

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Jobless claims report May 27 2010, US Labor Dept, Initial claims 460000, Decrease of 14000, This is good news?

Posted on May 27, 2010 | 186 comments

Jobless claims report May 27 2010, US Labor Dept, Initial claims 460000, Decrease of 14000

This is good news?

From the US Department of Labor May 27, 2010.

“UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

          SEASONALLY ADJUSTED DATA

In the week ending May 22, the advance figure for seasonally adjusted initial claims was 460,000, a decrease of 14,000 from the previous week’s revised figure of 474,000. The 4-week moving average was 456,500, an increase of 2,250 from the previous week’s revised average of 454,250.

The advance seasonally adjusted insured unemployment rate was 3.6 percent for the week ending May 15, unchanged from the prior week’s unrevised rate of 3.6 percent.

The advance number for seasonally adjusted insured unemployment during the week ending May 15 was 4,607,000, a decrease of 49,000 from the preceding week’s revised level of 4,656,000. The 4-week moving average was 4,637,250, a decrease of 11,500 from the preceding week’s revised average of 4,648,750.

The fiscal year-to-date average of seasonally adjusted weekly insured unemployment, which corresponds to the appropriated AWIU trigger, was 5.134 million. 

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 404,325 in the week ending May 22, a decrease of 5,765 from the previous week. There were 538,311 initial claims in the comparable week in 2009.

The advance unadjusted insured unemployment rate was 3.4 percent during the week ending May 15, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 4,381,421, a decrease of 88,300 from the preceding week. A year earlier, the rate was 4.6 percent and the volume was 6,153,284.
Extended benefits were available in Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, and Wisconsin during the week ending May 8.

Initial claims for UI benefits by former Federal civilian employees totaled 1,481 in the week ending May 15, an increase of 163 from the prior week. There were 2,369 initial claims by newly discharged veterans, a decrease of 120 from the preceding week.

There were 17,937 former Federal civilian employees claiming UI benefits for the week ending May 8, an increase of 577 from the previous week. Newly discharged veterans claiming benefits totaled 36,370, an increase of 1,365 from the prior week.

States reported 5,059,843 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending May 8, a decrease of 41,403 from the prior week. There were 2,185,863 claimants in the comparable week in 2009. EUC weekly claims include first, second, third, and fourth tier activity.

The highest insured unemployment rates in the week ending May 8 were in Puerto Rico (6.2 percent), Alaska (5.9), Oregon (5.4), Nevada (4.9), California (4.8), Pennsylvania (4.7), Wisconsin (4.5), North Carolina (4.4), Montana (4.3), and Connecticut (4.2).

The largest increases in initial claims for the week ending May 15 were in Tennessee (+3,041), Missouri (+2,369), Mississippi (+1,697), Illinois (+1,154), and Arkansas (+851), while the largest decreases were in California (-2,161), Michigan (-2,133), Washington (-1,968), Florida (-1,480), and Oregon (-1,200).”

Read more:

 http://www.dol.gov/opa/media/press/eta/ui/current.htm

186 Comments

Posted in America, Americans, Announcements, Barack Obama, Citizen, Citizen Journalism, Citizen News, Citizens for the truth about Obama, CitizenWells, DC, Deficit, Democrats, Financial crisis, Government, indictment, Jobs, Money, News, Obama administration, Obama indictment, Obama taxes, Taxes, The Case Against Barack Obama, Unemployment, United States, US economy, Washington DC, white house

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Jobless claims May 27, 2010, Labor Department report 8:30, Claims drop?, College graduates, College students, Real unemployment number, Open thread discussion

Posted on May 27, 2010 | 24 comments

Jobless claims May 27, 2010, Labor Department report 8:30

The Jobless Claims Reports for the week will be released by the US Department of Labor today, May 27, 2010 at 8:30. Will the report show a drop this week instead of another increase like last week’s 25, 000? What is the real unemployment rate? It is certainly higher than 9.9%. Hundreds of thousands of high school and college graduates are entering the job market. What impact will that have?  Here is a possible reflection of the new figures.

From Real Clear Markets.

“The number of people filing new claims for unemployment benefits likely fell last week.

Economists surveyed by Thomson Reuters expect new applications for unemployment benefits will show a drop of 16,000 to a seasonally adjusted total of 455,000. The Labor Department will issue the report at 8:30 a.m. Thursday.

New claims had risen unexpectedly by 25,000 the previous week, the biggest increase in three months and the first rise in five weeks. It pushed the claims level to 471,000.

The surge was seen as further evidence of how volatile the job market remains, even as the economy grows.”

Read more:

http://www.realclearmarkets.com/news/ap/finance_business/2010/May/27/ahead_of_the_bell__jobless_claims.html

24 Comments

Posted in Announcements, Citizen Journalism, Citizen News, CitizenWells, DC, Financial crisis, Government, Jobs, Money Markets, News, Obama administration, Obama taxes, Schools, The Case Against Barack Obama, Unemployment, United States, US economy, Washington DC, white house

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US economy slowdown, Economy cooling, Financial markets, Corporate forecasts, Soft retail sales, Rise in jobless claims

Posted on May 22, 2010 | 24 comments

US economy slowdown, Economy cooling, Financial markets, Corporate forecasts

From Daily Finance May 22, 2010.

“Forget Europe: Signs of a Slowdown in the U.S.”
“Financial markets around the world are fixated on Europe as it grapples with its debt woes. Though probably overdone, investor paranoia is understandable. The fallout for the global economy would be massive if things spiraled out of control, unlikely as that may seem for the moment.

While potentially catastrophic developments overseas may be captivating, investors would do well to stay focused on more subtle developments in the U.S. Much of Wall Street remains bullish on the prospects of an economic recovery, but some signs suggest that a slowdown may be materializing nonetheless.

Watch Corporate Guidance and Economic Indicators

Hosted software provider Salesforce.com (CRM) is the latest company to report strong results for the first quarter but provide a forecast that couldn’t live up to Wall Street’s expectations. On Thursday, the company said it expected earnings per share of between $1.13 and $1.15 for the full year. That was well below the $1.28 analysts had forecast, and shares tumbled in trading after hours.

The results from Salesforce.com mirror those of networking giant Cisco (CSCO) last week. While Cisco delivered a strong first quarter, shares were initially hammered based on a lackluster outlook for the rest of the year. Hardware giant Dell (DELL) also came under fire as concerns about its ability to maintain profits grew despite solid results for the first quarter.

A slew of retailers including Lowe’s (LOW), Home Depot (HD) and Wal-Mart (WMT) have also provided skimpy guidance for the rest of the year. And while companies may well be trying to game Wall Street by setting the bar low only to dazzle later, recent economic data suggests that the economy could also be slowing after a sharp rebound in demand from depressed lows.

A set of closely watched indicators released Thursday by the Conference Board showed that the economy may be cooling as it heads into the second half of the year. Those findings echo leading indicators monitored by the Economic Cycle Research Institute, which noted that “the pace of improvement in the overall economy is set to slacken in the months ahead” as measures fell to a 40-week low.

Soft retail sales and a sudden rise in jobless claims have contributed to the darkening picture.”

Read more:

http://www.dailyfinance.com/story/investing/forget-europe-signs-of-a-slowdown-in-the-u-s/19487132/

24 Comments

Posted in America, Announcements, Barack Obama, Corporate accountability, Deficit, Election 2010, Employment, Financial crisis, Government, Jobs, Money Markets, Mortgage crisis, News, Obama, Obama administration, Obama taxes, Taxes, Unemployment, United States, US economy, Washington DC, white house

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Stocks dive, Futures dive, Jobless claims up, Unemployment Debt Foreign Economies, This ain’t rocket science

Posted on May 21, 2010 | 2 comments

Stocks dive, Futures dive, Jobless claims up, Unemployment Debt Foreign Economies

From the Chicago Tribune May 20, 2010.

“Stocks take hard tumble
376-point drop puts major indexes at a loss for year”

“The stock market had its worst day in more than year Thursday, with the Dow industrials tumbling more than 376 points, as fear intensified that a debt crisis in Europe could jeopardize the global economic recovery.

The sell-off put the major U.S. stock indexes, including the Dow, in the red for the year and down more than 10 percent in less than four weeks, the market’s sharpest retreat since March 2009, when prices bottomed at 12-year lows.

Analysts said there was no dramatic news to explain the day’s declines, including the largest one-day point drop in the Dow since February 2009. And despite the fiscal problems of Greece and other European countries, most forecasters predict the U.S. economy will continue the moderate recovery it began last year.

But mixed signals coming from across the Atlantic about the ability and willingness of leaders there to manage the crisis has made U.S. investors anxious.

As a result, volatility in the stock market has increased sharply of late. Thursday’s drop was the 13th time in the last 18 sessions that the Dow has had a triple-digit move.”

“The crash appears to have damaged the psyche of some individual investors just as they were beginning to regain confidence in stocks after the deep bear market of 2007-09.

“People are more nervous than they would have been, say, three years ago, with this sort of decline because they’re picturing what they went through in 2008,” said Mark Wilson, a financial planner at the Tarbox Group. “The basic question is: ‘Are we going right back to where we started from? Should we be getting out now in anticipation of going back to those 2008 levels?'”

Wilson said he was cautioning clients not to overreact, pointing out that 10 percent declines, known as corrections, that merely interrupt longer bull markets are normal.

Nonetheless, in the week that began the day of the crash, individual investors pulled $14 billion from mutual funds, the first such net withdrawal since March 2009.”

“The outlook was not helped by two discouraging pieces of news about the American economy.

The Labor Department said initial claims for unemployment benefits unexpectedly rose 25,000 last week, to 471,000. Meanwhile, The Conference Board, a private research group, reported its index of leading economic indicators fell 0.1 percent in April, its first decline since March 2009.”

Read more:

http://www.chicagotribune.com/business/feed/sc-biz-0521-markets–20100520,0,4858776.story?page=1

Bull Market?

I don’t see it.
Glenn Beck has done a good job of covering the US debt situation, our jeopardy of losing our borrowing rating,  out of control spending and the impact it is having on our economy and future generations.

What is happening in the stock market is no mystery. Out of control government spending, anti business, anti jobs growth policies are exacerbating an already gloomy economy and job market. Overlay that with financial crisis in Greece, Europe and pessimism in China and you have a recipe for a stock market retreat.

I do  not have a crystal ball. However, the November elections can do more than saving this country from ruin. Removing many jackasses will restore confidence in financial markets and alllow Congress to control spending and create jobs.

Let’s roll.

2 Comments

Posted in 2009 Stimulus Bill, America, Announcements, Barack Obama, Budget, Citizens for the truth about Obama, Congress, DC, Deficit, Democrats, Election, Election 2010, Employment, Financial crisis, Fox news, Glenn Beck, Government, indictment, Jobs, Money, Money Markets, News, Obama, Obama administration, Obama indictment, Obama lies, Obama records, Obama taxes, politicians, Politics, The Case Against Barack Obama, Unemployment, United States, US economy, Washington DC, white house

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Jobless claims, May 13, 2010, US Department of Labor, Seasonally adjusted initial claims decrease 4000, Seasonally adjusted insured unemployment rises 12000, Emergency Unemployment Compensation claims decrease

Posted on May 13, 2010 | 258 comments

Jobless claims, May 13, 2010, US Department of Labor

From the US Department of Labor, May 13, 2010.
“UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

          SEASONALLY ADJUSTED DATA

In the week ending May 8, the advance figure for seasonally adjusted initial claims was 444,000, a decrease of 4,000 from the previous week’s revised figure of 448,000. The 4-week moving average was 450,500, a decrease of 9,000 from the previous week’s revised average of 459,500.

The advance seasonally adjusted insured unemployment rate was 3.6 percent for the week ending May 1, unchanged from the prior week’s unrevised rate of 3.6 percent.

The advance number for seasonally adjusted insured unemployment during the week ending May 1 was 4,627,000, an increase of 12,000 from the preceding week’s revised level of 4,615,000. The 4-week moving average was 4,639,500, a decrease of 14,750 from the preceding week’s revised average of 4,654,250.

The fiscal year-to-date average of seasonally adjusted weekly insured unemployment, which corresponds to the appropriated AWIU trigger, was 5.174 million. 

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 407,267 in the week ending May 8, an increase of 11,132 from the previous week. There were 570,412 initial claims in the comparable week in 2009.

The advance unadjusted insured unemployment rate was 3.5 percent during the week ending May 1, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 4,515,632, a decrease of 140,708 from the preceding week. A year earlier, the rate was 4.6 percent and the volume was 6,191,149.
Extended benefits were available in Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, the District of Columbia, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, and Wisconsin during the week ending April 24.

Initial claims for UI benefits by former Federal civilian employees totaled 1,300 in the week ending May 1, an increase of 86 from the prior week. There were 2,289 initial claims by newly discharged veterans, a decrease of 97 from the preceding week.

There were 18,944 former Federal civilian employees claiming UI benefits for the week ending April 24, a decrease of 267 from the previous week. Newly discharged veterans claiming benefits totaled 36,699, a decrease of 500 from the prior week.

States reported 5,137,385 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending April 24, a decrease of 216,874 from the prior week. There were 2,156,516 claimants in the comparable week in 2009. EUC weekly claims include first, second, third, and fourth tier activity.

The highest insured unemployment rates in the week ending April 24 were in Alaska (6.6 percent), Puerto Rico (6.3), Oregon (5.8), Nevada (5.1), California (4.9), Pennsylvania (4.8), Wisconsin (4.8), Montana (4.7), North Carolina (4.6), Rhode Island (4.6), Connecticut (4.5), and Idaho (4.5).

The largest increases in initial claims for the week ending May 1 were in New York (+4,021), Kentucky (+1,015), Pennsylvania (+773), Illinois (+611), and Tennessee (+609), while the largest decreases were in California (-18,546), Massachusetts (-3,628), Indiana (-3,242), Michigan (-1,748), and Florida
(-1,291).”

 http://www.dol.gov/opa/media/press/eta/ui/current.htm

258 Comments

Posted in America, Americans, Announcements, DC, Deficit, Employment, Financial crisis, Government, Jobs, Money, News, Obama administration, Obama taxes, politicians, Politics, The Case Against Barack Obama, Unemployment, United States, US economy, Washington DC, white house

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Unemployed data, Facts, May 8, 2010, Unemployment rate rises to 9.9 %, Employment rises 290,000, Emergency Unemployment Compensation rises 153,786

Posted on May 8, 2010 | 243 comments

Unemployed data, Facts, May 8, 2010, Unemployment rate rises to 9.9 %

Three things happened last week that caused me to ponder what is going on with our economy.

The stock market plunged.

Confusing numbers from the government about employment and unemployment were released.

Many colleges were winding down their academic year. With this comes millions of young adults entering the work force part time or full time. What kind of job market will they encounter?

Consider these numbers and data released last week by the Federal Government.

  • Nonfarm payroll employment rose by 290,000 in April.
  • The unemployment rate edged up to 9.9 percent.
  • In April, the number of unemployed persons was 15.3 million.
  • The rate had been 9.7 percent for the first 3 months of this year.
  • The number of long-term unemployed (those jobless for 27 weeks and over) con-tinued to trend up over the month, reaching 6.7 million.
  • In April, 45.9 percent of unemployed persons had been jobless for 27 weeks or more.
  • Among the unemployed, the number of reentrants to the labor force rose by 195,000 over the month.
  • About 2.4 million persons were marginally attached to the labor force in April, compared with 2.1 million a year earlier.
  • They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.
  • Among the marginally attached, there were 1.2 million discouraged workers in April, up by 457,000 from a year earlier.
  • Discouraged workers are persons not currently looking for work because they believe no jobs are available for them.
  • Federal government employment was up in April, reflecting the hiring of 66,000 temporary workers for the decennial census.
  • UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT: In the week ending May 1, the advance figure for seasonally adjusted initial claims was 444,000, a decrease of 7,000 from the previous week’s revised figure of 451,000.
  • States reported 5,354,259 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending April 17, an increase of 153,786 from the prior week.

 

Sources:

http://www.bls.gov/news.release/empsit.nr0.htm

http://www.dol.gov/opa/media/press/eta/ui/current.htm

No wonder the stock market has the jitters.

243 Comments

Posted in America, Americans, Announcements, Budget, Citizen, Deficit, Election 2010, Employment, Financial crisis, Government, Jobs, Money, News, Taxes, The Case Against Barack Obama, Unemployment, voters, white house

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Paul Ryan, Health Care Bill truth, Rep Ryan exposes lies about Democrat Bill, Obama lies, Deficit impact, taxes, WI representative Paul Ryan

Posted on March 10, 2010 | 145 comments

Paul Ryan, Health Care Bill truth, Rep Ryan exposes lies about Democrat Bill

Rep. Paul Ryan of Wisconsin was interviewed on the Greta Show on Fox last night, March 9, 2010. Paul Ryan echoed his interview by Chris Wallace on Fox News a few days earlier. Ryan is well versed on the Democrat Health Care Bill and exposes the lies being told by Obama and many of the Democrats.

Here are the responses from Paul Ryan during the Chris Wallace interview.

145 Comments

Posted in Accountability, America, Americans, Announcements, Barack Obama, Budget, Citizen, Citizens for the truth about Obama, Congress, Congress Watch, DC, Deficit, Democratic Disaster, Democrats, drugs, Election 2010, Financial crisis, Fox news, Government, Greta Van Susteren, Health Insurance, Healthcare bill, Hospitals, indictment, Liberalism, Lies, Medicine, Money, News, Obama, Obama administration, Obama indictment, Obama lies, Obama Nation, Obama records, Obama taxes, politicians, Politics, republicans, Taxes, The Case Against Barack Obama, Unemployment, United States, US economy, US House of Representatives, US Senate, video, voters, Washington DC, white house, YouTube

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