jobless claims post largest drop in almost two years

[The Nature Boy 7,659]

http://www.reuters.com/article/us-usa-economy-idUSKBN1781JE?il=0

 

New applications for U.S. unemployment benefits recorded their biggest drop in nearly two years last week, pointing to a further tightening in the labor market.

Initial claims for state unemployment benefits declined 25,000 to a seasonally adjusted 234,000 for the week ended April 1, the Labor Department said on Thursday. The drop was the largest since the week ending April 25, 2015, and unwound recent increases that had lifted claims to a three-month high.

"The lower jobless claims filings show the economy continues to show improvement which is important news with the long expansion expected to eventually tire somewhere down the line given its longevity," said Chris Rupkey, chief economist at MUFG Union Bank in New York.

Claims have now been below 300,000, a threshold associated with a healthy labor market, for 109 straight weeks. That is the longest such stretch since 1970, when the labor market was smaller. The labor market is currently near full employment.

[OriZ 3,157]

If you have a question just ask

 

Expansions don't start from here, they end here:

 

https://fred.stlouisfed.org/series/ICSA

 

[Amica Nostra 4,803]

Amazing turn around in what statistics are consider.  real seeing how Trump was citing 40 % unemployment in the campaign.

[Transborderwife 4,666]

 

[OriZ 3,157]

Nonfarm payrolls miss - http://www.cnbc.com/2017/04/07/march-nonfarm-payrolls.html

 

At this point it's all kind of wishy washy. Employment is a lagging indicator anyway. It's kind of like anticipating what the car in front of you will do by looking in the rear view mirror, not very informative.

Edited April 7, 2017 by OriZ

[TBoneTX 45,298]

And there always lurks the fuzzy variable of "who got jobs" vs. "who gave up looking for jobs."

[The Nature Boy 7,659]

12,392,000: U.S. Manufacturing Jobs Reach Highest Level in 8 Years

http://www.cnsnews.com/news/article/terence-p-jeffrey/12392000-us-manufacturing-jobs-reach-highest-level-8-years

[OriZ 3,157]

8 hours ago, TBoneTX said:

And there always lurks the fuzzy variable of "who got jobs" vs. "who gave up looking for jobs."

Well for that you have the U6, which is also by the government but is supposed to account for that; It's just not as commonly reported.

 

http://www.macrotrends.net/1377/u6-unemployment-rate

 

For those looking to take it even further, you have shadowstats:

 

http://www.shadowstats.com/alternate_data/unemployment-charts

[IAMX 3,055]

14 hours ago, OriZ said:

Nonfarm payrolls miss - http://www.cnbc.com/2017/04/07/march-nonfarm-payrolls.html

 

At this point it's all kind of wishy washy. Employment is a lagging indicator anyway. It's kind of like anticipating what the car in front of you will do by looking in the rear view mirror, not very informative.

Not only that, but we've seen under Bush and Obama how useless job numbers are. Mostly service sector in all likelihood. I will be happy when the trends say otherwise.

[OriZ 3,157]

7 hours ago, Nature Boy Flair said:

12,392,000: U.S. Manufacturing Jobs Reach Highest Level in 8 Years

http://www.cnsnews.com/news/article/terence-p-jeffrey/12392000-us-manufacturing-jobs-reach-highest-level-8-years

 

[OriZ 3,157]

5 minutes ago, SRVT said:

Not only that, but we've seen under Bush and Obama how useless job numbers are. Mostly service sector in all likelihood. I will be happy when the trends say otherwise.

Yeah, I wouldn't hold my breath. Over here we can see it very well. Seems like virtually everyone's hiring, surprised unemployment is at 2.1% and not 0%. I mean literally, I swear most places don't even bother taking their hiring signs down, ever. Same sign we've been seeing for the last 3 years. 

 

 

Problem is...they're all retail/service. Nothing high paying. Really easy here to get a job if you just need to get a job. Alot harder if you need a GOOD job to raise a family.

[Transborderwife 4,666]

Just now, OriZ said:

Yeah, I wouldn't hold my breath. Over here we can see it very well. Seems like virtually everyone's hiring, surprised unemployment is at 2.1% and not 0%. I mean literally, I swear most places don't even bother taking their hiring signs down, ever. Same sign we've been seeing for the last 3 years. 

 

 

Problem is...they're all retail/service. Nothing high paying. Really easy here to get a job if you just need to get a job. Alot harder if you need a GOOD job to raise a family.

Some places are required to advertise that they're hiring even when they're not, it's company policy to do so mostly in unionized situations.  

 

The addage of "McDonald's is always hiring" isn't necessarily true.  I managed a McDonald's that was fairly large that hired maybe 4x in two years.

[IAMX 3,055]

2 minutes ago, OriZ said:

Yeah, I wouldn't hold my breath. Over here we can see it very well. Seems like virtually everyone's hiring, surprised unemployment is at 2.1% and not 0%. I mean literally, I swear most places don't even bother taking their hiring signs down, ever. Same sign we've been seeing for the last 3 years. 

 

 

Problem is...they're all retail/service. Nothing high paying. Really easy here to get a job if you just need to get a job. Alot harder if you need a GOOD job to raise a family.

Yeah. If we moved back to the states I almost considered going back to the Bay Area just to save up money and move+invest elsewhere (like South Dakota). Already a long shot for sure since we're already starting to do well again after the economy took a dump over the last few years in Alberta. As long as the Liberals and NDP up here don't do too much damage economically and with their recent Islamo-coddling behavior I won't need to take the step toward making that happen.

[IAMX 3,055]

3 minutes ago, Transborderwife said:

Some places are required to advertise that they're hiring even when they're not, it's company policy to do so mostly in unionized situations.  

 

The addage of "McDonald's is always hiring" isn't necessarily true.  I managed a McDonald's that was fairly large that hired maybe 4x in two years.

How many touch screens were hired?

[Transborderwife 4,666]

Just now, SRVT said:

How many touch screens were hired?

😂😂 this was far before those times lol