Archive for unemployment benefits

GOP wrong again: Weekly jobless claims fall, budget deficit shrinks #BlameObama

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what you know, wrong

This is getting tedious, but a blog's gotta do what a blogs's gotta do. Republicans, you're wrong again. Wrongier than wrong. Wrong wrong wrong:

Via the Los Angeles Times:

The federal deficit continues to decline thanks to budget cuts and slower growth in Medicare costs, but lower than expected corporate tax revenues dimmed some of the improved outlook, according to a report Wednesday from the Congressional Budget Office.

And Benen piles on. More at the link:

This remains a basic budgetary truism that Republicans continue to resist. Indeed, last year, when top marginal rates increased on households making more than $400,000 a year, a variety of GOP lawmakers argued that this would likely cause the deficit to go up – as they saw it, higher taxes on the wealthy would slow growth, which would mean fewer jobs, which would mean fewer people paying income taxes, which would mean a larger deficit.

And we now know they were wrong – again – though this will probably do nothing to shake the Beltway perception of the GOP as the “fiscally responsible” party.

Let’s also note that the shrinking deficit – we’re seeing the fastest reduction since the end of World War II – is also one of the nation’s best-kept secrets. [...] [T]he reality is, we’re witnessing deficit reduction at a truly remarkable clip. Every conservative complaint about fiscal recklessness and irresponsibility in the Obama era is completely divorced from reality.

but wait there's more smaller

Per the most reliable news source in the whole wide world, Fox Biz, comes this upbeat news via a couple of email alerts:

The number of Americans filing for first-time unemployment benefits fell last week to 298,000 from an upwardly revised 299,000 the week prior. Economists expected claims to rise to 300,000 from an initially reported 298,000.

The Commerce Department reports the economy expanded at an annualized pace of 4.2% in the second quarter, higher than an original estimate of 4%, also beating expectations of 3.9%.

the more you know msnbc bergdahl

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Dep't. of What? Again? Weekly Jobless Claims Fall More than Expected #BlameObama

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quickie23 jobless claims

Today's jobless claims Quickie:

I know what you're saying: What? Again? Yes, again. There is more good news about jobless claims. Yes, despite Republican Congress members blocking everything blockable, we are seeing jobless claims continue to drop under President Obama's watch.

Bummer, huh?

Here it is, directly from everyone's favorite source for all things informative, the most accurate, trusted name in news, Fox! Take it away, Fox Biz! Via an email alert:

The number of Americans filing for first-time unemployment benefits fell last week to 298,000, from an upwardly revised 312,000 the week prior. Economists expected claims to fall to 300,000 from an initially reported 311,000.

More:

(Reuters) - The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week, pointing to a sustained improvement in labor market conditions.

Me oh my. What's a GOP obstructionist to do?

That was today's Quickie. Was it good for you?

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

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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

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

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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

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

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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

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Applications for jobless benefits dip #BlameObama

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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

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Public faith in Congress falls, so do weekly jobless claims

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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

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