Archive for jobs

Good news: Weekly jobless claims fall (again), lowest level since '06 #BlameObama

FacebookTwitterRedditDiggStumbleUponTumblrLinkedInPinterestEmailShare

i hate good news

I hate to be the bearer of good news (kidding), but once again, there is good news to be bearered, er, had. And how ironic that it is Fox Biz that is the actual bearer of this good news story that must be driving Republicans mad, because they hate this kind of upbeat stuff. Why? Because it comes to us under President Obama's watch.

And that is No-No Numero Uno.

Via a Fox Biz email alert:

The number of Americans filing for first-time unemployment benefits fell last week to 284,000 from an upwardly revised 303,000 the week prior. Wall Street expected claims to rise to 308,000 from an initially reported 302,000. The reading was the lowest since February 2006.

Here's more, via Reuters:

The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/2 years last week, suggesting the labor market recovery was gaining traction. [...]

The data provided further confirmation that the labor market is tightening. Employment has grown by more than 200,000 jobs in each of the last five months, a stretch not seen since the late 1990s. [...]

The decline in continuing claims indicates some long-term unemployed Americans are finding jobs, a key metric for Fed policymakers.

Per Reuters, "the economy now appears to be firing on nearly all cylinders." Too bad the same can't be said for the Republican Party of Nyet.

Say it with me now...

blame obama Bush's fault smaller

FacebookTwitterRedditDiggStumbleUponTumblrLinkedInPinterestEmailShare

Upbeat economic news round-up. Yes, upbeat. #BlameObama

FacebookTwitterRedditDiggStumbleUponTumblrLinkedInPinterestEmailShare

Moment of Happy, upbeat

Every morning I hold my Los Angeles Times newspaper (key word: paper) in my hands and read it cover to cover. By the time I'm done, I usually need a Valium, a six-pack of wine, and some Pepto Bismol. But today's Business section actually cheered me up! I only ended up requiring an IV of wine due to the horrific front page headlines about Israel and the Malaysia crash. It wasn't too hard to resist the Pepe Le Pew-like enticement of Le Valium, and I loaned the Pepto to the neighbor down the street with the very teenagey teen. Why? Because the economic news was actually upbeat.

You read that right.

upbeat

Don't believe me? I don't blame you. Usually economic news makes us want to haul out our old GW Bush dartboards and start throwing.

blame obama Bush's fault smaller

But here's proof:

  • Stocks buoyed by strong earnings (no link to that either, but that title with the accompanying article is in my paper, honest)

Yes, things could be better. But seeing all the positive headlines was encouraging.

Of course, this is clearly some commie fascist Marxist socialist plot by President Obama, who we all know controls every news organization except Fox, which doesn't report news at all. So you'll have to read the reports and draw your own conclusions. But IMHO, this can serve as today's Moment of Happy.

I retort, you deride.

FacebookTwitterRedditDiggStumbleUponTumblrLinkedInPinterestEmailShare

Yawn: Weekly jobless claims slip... again. #BlameObama

FacebookTwitterRedditDiggStumbleUponTumblrLinkedInPinterestEmailShare

jobless benefits unemployment down

Fox Biz keeps bugging me with upbeat email alerts like the one below. And we all know that they are the single most reliable source of information in the entire world, so I pay attention to every word. Since I can't keep all the good news bottled up inside, especially on a day filled with very bad news (AP Reporting that Malaysian Air 777 Was "Shot Down" over Ukraine), I had to share. Again. Yawn. Yes, one more time, weekly jobless claims fell and nobody on cable news [sic] seems to have noticed. And if they did notice, they failed to report it to the rest of us.

Then again, since when as the news [sic] media performed up to expectations? And by expectations I mean standards that meet or surpass that of playing Telephone.

Here's the latest:

The number of Americans filing for first-time jobless benefits fell to 302,000 last week from an upwardly-revised 305,000 the week prior. Economists expected claims to rise to 310,000 from an initially-reported 304,000.

Seriously, if this keeps up, Republican impeachment and lawsuit efforts will start to look even more ludicrous than they already do.

Nonetheless, with jobless claims sliding, there's only one thing left to do. Say it with me now, everyone:

blame obama

FacebookTwitterRedditDiggStumbleUponTumblrLinkedInPinterestEmailShare

Borderghazi continues as weekly job claims fall... again. #BlameObama

FacebookTwitterRedditDiggStumbleUponTumblrLinkedInPinterestEmailShare

borderghazi texas


While all the infantile talking schmoes heads are stomping their feet and tantruming about why President Obama won't make an appearance at the border-- his KATRINA, sez they (Borderghazi!!!!)-- the economy is quietly doing things that should make the GOP get even more tantrumy and red-faced: It's picking up. Slowly but surely. Weekly job claims have fallen-- again-- and so have sad little Republican faces.

And who better to bring us news that will cause conservatives to point, and flip, even more fingers at the president over Borderghazi to divert attention from any accomplishments on Obama's watch? Why, none other than the most reliable source for accurate news in the whole wide world, Fox Biz! Via email alert:

The number of Americans filing for first-time unemployment benefits fell last week to 304,000 from an unrevised 315,000 the week prior. Wall Street expected claims to remain at 315,000.

You all know what to do. Say it with me now:

blame obama

FacebookTwitterRedditDiggStumbleUponTumblrLinkedInPinterestEmailShare

Applications for jobless benefits dip #BlameObama

FacebookTwitterRedditDiggStumbleUponTumblrLinkedInPinterestEmailShare

jobless benefits unemployment down

Darn that Fox Biz, reporting more good news to us again and again! Who do they think they are, MSNBC? Today's upbeat report will ruffle a few GOP feathers, but what else is new? Maybe Darrell Issa can hold hearings and try to impeach the president for being complicit in achieving lower unemployment numbers. Once again, first-time jobless benefits fell, like it or not, Impeachateers. Via an email alert:

The number of Americans filing for first-time jobless benefits fell to 312,000 last week from an upwardly revised 314,000 the week prior. Wall Street expected claims to fall to 310,000 from an initially reported 312,000.

The Detroit Free Press has more, including that business "are hiring at a healthy pace." Please link over for more, but here's a taste:

The number of Americans seeking unemployment benefits declined last week, the latest evidence that a sharp economic slowdown earlier this year hasn’t caused employers to cut jobs. [...]

Applications are a proxy for layoffs, so the declines indicate that companies are cutting fewer jobs. [...] When businesses are confident enough to keep staff, they are also likely to hire more people.

The low level of applications indicates employers haven’t been rattled by the first quarter’s dismal showing, which many economists have partly blamed on bad weather. If businesses feared the economy was tumbling into a recession, they would likely ramp up layoffs.

Okay everyone, all together now:

blame obama Bush's fault smaller

FacebookTwitterRedditDiggStumbleUponTumblrLinkedInPinterestEmailShare

No, Krystal Ball, Hillary is Not Nor Will She Be, the Dems "Mitt Romney"

FacebookTwitterRedditDiggStumbleUponTumblrLinkedInPinterestEmailShare

heymittens
Clinton Cynicism is alive and well. For good and for ill.

Krystal Ball, co-host of the younger set's MSNBC afternoon program The Cycle, famously took a pundit shot at Hillary Clinton a week or so ago. Krystal is an interesting newer voice, having run for Congress in Virginia and being a bright and informed young mother herself.

Since she's subbing for Steve Kornacki on Up with Steve Kornacki (also a former Cyclist), she took the opportunity this Sunday morning to make her asserted -- and controversial -- case that Hillary could be the Dems 'Mitt Romney'. Provocative words, those.

"I haven't seen change I can believe in just yet," she said with a smile as she introduced the panel of guests there to prove her wrong. ['Hillaromney' was the MSNBC snark effort graphic.]

Basil Smilke, Jr. of Columbia University took the first turn at bat. He believes we should be focussed on, and in a markedly different way more than just the way that the New GOP does things. That we might want to keep an eye on the important and fundamental issues the people are dying to have taken up.

Literally. He mentioned healthcare, education, jobs ... other panelists chimed in with minimum wage and gay rights.

Neera Tanden, another young activist voice of note, took the NAFTA question and put it where it ought to be - in Bill Clinton's Column. She pointed out that women's issues, like Senator Gillibrand's pivotal bill to help the sexual assault and violence epidemic in the military … and pointed out issues that mean something to us in real ways. That demand policy reforms.

Krystal then mentioned both Goldman Sachs and Walmart histories, which is fair for progressives to do. But this isn't the 1990's, and politicians have to be allowed to evolve - we as voters do, it's damned hypocritical to judge others for making the very important cultural and societal changes we are constantly demanding of ourselves and others.

No progressive that I know doesn't have perfectly reasonable hesitations about Hillary Clinton, and I think we should absolutely be Loud and Proud Progressives and voice our need for the party to swing back Left. How we get there is going to get dramatic. Or Not.

Guest Blake Zeff, of Salon and both Clinton and Obama Campaign War Rooms, was justifiably tough on the HRC economic hawk stances. (He had seen into both camps, fascinating.) Yet they went on to discuss how the Right is drawing Dems to the right of their own interests.

Bill Maher went after Hillary (hilariously) for having discussed her Sunday School days on Campaign Launch slash Book Tour ... and for awkwardly gaming out the Christian Nation faux requirement of religiousity.

It would be ideal if candidates did not 'must need' to be both churchgoing and Bible or Talmud familiar. In fact, it's downright toxic in many progressive eyes to know passages of the Bible, because they are so often used against us to push culture back by the Regressive Asshattery, the 1%ers and their news channel, Fvx Noise.

Inequality needs to be the central Democratic Platform anchor again. Firmly. Income inequality, gender discrimination, immigration reform, LGBTQ rights, world power and food share imbalances - the things we care about, the things we fight for.

"Hard Choices" indeed. Chris Christie and Rand Paul and Rick Perry are such lovely alternatives to a Hillary or Elizabeth Warren run.

FacebookTwitterRedditDiggStumbleUponTumblrLinkedInPinterestEmailShare

Public faith in Congress falls, so do weekly jobless claims

FacebookTwitterRedditDiggStumbleUponTumblrLinkedInPinterestEmailShare

worst congress ever gop fail

Americans don't much like Congress. What an understatement. Let me reword that. Americans hate Congress. There, that's better.

And for good reason. GOP obstructionists prevent any progress on fixing immigration, the economy, our schools, voting rights, civil rights issues, you name it. And the hostility and head-butting are constant. The infighting among Republicans is entertaining to Dems, but that must play into these numbers, too.

Via Gallup:

Gallup Congress poll

Americans' confidence in Congress has sunk to a new low. Seven percent of Americans say they have "a great deal" or "quite a lot" of confidence in Congress as an American institution, down from the previous low of 10% in 2013. This confidence is starkly different from the 42% in 1973, the first year Gallup began asking the question. [...]

The current 7% of Americans who place confidence in Congress is the lowest of the 17 institutions Gallup measured this year, and is the lowest Gallup has ever found for any of these institutions. The dearth of public confidence in their elected leaders on Capitol Hill is yet another sign of the challenges that could face incumbents in 2014's midterm elections -- as well as more broadly a challenge to the broad underpinnings of the nation's representative democratic system.

Seven. Percent.

whoa smaller

Major shrinkage. And I'm not just referring to their numbers. After seeing that poll, Congress members (no pun) must certainly be feeling, er, inadequate:

shrinkage smaller

Which brings us to more reports of shrinkage, this time courtesy of every liberal's favorite source, the always reliable Fox Biz. Via an email alert:

The number of Americans filing for first-time unemployment benefits fell last week to 312,000 from an upwardly revised 318,000 the week prior. Wall Street expected claims to fall to 314,000 from an initially reported 317,000.

Which just goes to show you, there's good shrinkage and bad shrinkage. Fair and balanced reporting, brought to you by TPC.

blame obama Bush's fault smaller

FacebookTwitterRedditDiggStumbleUponTumblrLinkedInPinterestEmailShare