New claims for unemployment benefits dropped to a nine-month low last week

[웃 910]

Don't worry, you won't see this on Fox News (website or cable)....But they will be sure to report this story ----> Food Stamps Used for Starbucks Frappuccinos

3 million jobs created in the last 21 months!!!! And a 500,000 LESS government workers!!!! WOW!!!

Jobless claims at 9-month low last week

(Reuters) - New claims for unemployment benefits dropped to a nine-month low last week, a government report showed on Thursday, suggesting the labor market recovery was gaining momentum.

Initial claims for state unemployment benefits fell 23,000 to a seasonally adjusted 381,000, the Labor Department said, the lowest since late February. That was below economists' expectations for a fall to 395,000.

The report, coming on the heels of data last week showing a rise in hiring and a sharp drop in the unemployment rate to 8.6 percent in November, pointed to some healing in a sector that has been the Achilles heel of the economy's recovery.

Claims were the latest data to suggest an acceleration in economic growth in the current quarter after output expanded at a 2.0 percent annual rate in the July-September period.

"It looks as if the U.S. labor market does not know how to spell the word euro contagion," said Cary Leahey, economist at Decision Economics in New York. "This is a good report ... adds to the sense that the job market continues to brighten, though very slowly."

The United States is a relatively strong spot as much of the global economy slows and parts of theeuro zone are already in recession. the European Central Bank on Thursday cut interest rates by a quarter of a point a record low 1 percent.

There are fears that Europe's debt crisis could slow the U.S. economic recovery.

U.S. stock index futures edged higher on the claims data, while Treasury debt prices added to losses. The dollar was slightly weaker against the euro.

The drop in claims last week more than unwound the prior two weeks' increase, and pulled them back below the 400,000 level usually associated with improving labor market conditions.

A Labor Department official said there was nothing unusual in the state level data, but noted that the labor market was now entering a period of seasonal layoffs. That could make claims volatile.

The four-week moving average of claims, considered a better measure of labor market trends, fell 3,000 to 393,250, the lowest since early April.

The number of people still receiving benefits under regular state programs after an initial week of aid dropped 174,000 to 3.58 million in the week ended November 26, the lowest since mid-September 2008.

Economists had forecast so-called continuing claims falling to 3.70 million from a previously reported 3.74 million.

The number of Americans on emergency unemployment benefits declined 178,610 to 2.79 million in the week ended November 19, the latest week for which data is available.

A total of 6.57 million people were claiming unemployment benefits during that period under all programs, down 431,397 from the prior week.

http://www.reuters.com/article/2011/12/08/us-usa-economy-idUSTRE7AL14I20111208

[^_^ 5,021]

FRIST

[Mr. Big Dog 10,747]

Don't worry, you won't see this on Fox News

Well, actually, you can. Just gotta put on your glasses and look a bit harder. Here's how eceonomic News are presented on Fixed News...

TOP NEWS

December 08, 2011

US household wealth takes biggest hit since 2008

as stock and home values drop

More news

Unemployment benefit applications fall to 9-month low, latest sign of improving job market

Edited December 8, 2011 by Mr. Big Dog

[Obama 2012 1,714]

of course, we shall ignore all the people that no longer qualify, that aren't working, that aren't looking for work, and instead are on Food Stamps!

GO BIG GOVERNMENT!!! WE LOVE THEE!!!!

[Mr. Big Dog 10,747]

of course, we shall ignore all the people that no longer qualify, that aren't working, that aren't looking for work, and instead are on Food Stamps!

GO BIG GOVERNMENT!!! WE LOVE THEE!!!!

Maybe businesses are hiring. We are. And have been for some time now.

[slim 1,533]

As long as we say it's happening... then it's happening!

[웃 910]

FRIST

FRIST? WTFRICK

It does bother me a little when it is capitalized. Completely unnecessary!

^ That is hilarious.

As long as we say it's happening... then it's happening!

What are you saying?

[slim 1,533]

What are you saying?

I'm saying there is no unemployment problem in America. Every day when I log onto the interwebz I surf Craigslist for cheap sh!t I can buy, sell, trade and I also look at the jobs section. There are still - even in the midst of this crisis - 2,000 jobs on there every single day.

The problem is not a lack of jobs... the problem is perception. "I can't make it on that." Then we pay those people to sit at home and do nothing. How stupid are we?

[Bad_Daddy 2,209]

After reading that article I almost want to go back to work.