Archive for unemployment

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

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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.

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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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Retailer: "If we can minimize the humans in our company, then we prefer that."

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retailer caviar vending machine

Unemployment continues to be a problem in this country, despite the recent good news and drop in the jobless rate to 6.1 percent. But there is at least one retailer who is apparently shrugging off and/or disregarding our nation's jobless situation. The retailer in question happens to be from-- le ahem-- Beverly Hills, California.

In today's Los Angeles Times, there's a lengthy article about how U.S. vending machines are on the upswing. And by upswing, they're not just talking quantity, but also quality. Vending machines are movin' on up(scale), and retailer after retailer is reaping the benefits. And the profits.

Even if it means laying off the very consumers who need work so they can, you know, keep consuming.

At first glance, burrito-spewing vending machines didn't seem like a bad idea. Nor did caviar-to-go. Yes, caviar. To go. From vending machines. Pardon moi, "automated boutiques." Food on the run is a convenience that is addicting to those who are short on time. So, sure, why not expand the roll of coin-operated machines that serve fast-food sandwiches, cupcakes, and pizzas? And caviar. All that easy access sounded okay to yours truly... until I read this:

After closing her Beverly Hills store in 2010, Stern began looking into vending machines. Her company typically sells to grocery stores and restaurants but wanted direct access to customers, too. [...]

The machines now pull in 10% of the company's total sales. The boutiques send emails when supplies are low and can also be remotely operated via smartphone to help shoppers who run into problems.

"If we can minimize the humans in our company, then we prefer that," Stern said. "When you have physical employees, you don't have a life. Ask any restaurant or supermarket business."

Let them eat caviar.

pizza vending machine retailer

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Bikini Graph time! "No point in cherry picking because all the jobs news is good." #BlameObama

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bikini itsy bitsy bikini graph job creationgraph unemployment June 2014

Before we get to the jobs news o' the day, how's about a little upbeat update from everyone's favorite news source, the always reliable Fox Biz, hmm? Via an email alert:

The blue-chip average broke past the 17000 mark for the first time in history as traders cheered a strong jobs report. The Dow is up 58 points, or 0.35%, to 17035.

And this happened on whose watch again? Oh yeah.

President Obama is the worst. Socialist. Ever.

Now on to Ye Olde Bikinie Graphe, because, yes, once again, it’s job creation time! Which means it's time to bring back the really-not-so-old Bikini Graph! This time around, the conclusion is that "few expected the data to be this good." That sound you hear is the protesteth too mucheth from the moutheths of the GOPeth:

bikini graph private sector July 2014

bikini graph overall July 2014

As always, red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration.

Via Steve Benen at The Maddow Blog, more on the new report from Bureau of Labor Statistics, including how we added 288,000 jobs in June, "well ahead of forecasts." The unemployment rate is now at 6,1%, which is the lowest it's been since September 2008. That's six-- count 'em, six-- years ago. Last fall, it was a full point higher. At one point, we were at 10% (thank you, BushCo).

Benen even manages to squeeze in some excellent Benghazi!!!! snarkitude:

For the fifth consecutive month, public-sector layoffs did not drag down the overall employment figures. Though jobs reports over the last few years have shown monthly government job losses, in June, the private sector added 262,000 while the public sector added 26,000. The latter may not sound like much, but after several years in which that total was negative, it’s heartening. [...]

Overall, the report suggests the jobs landscape is clearly improving, which is no doubt proof that American employers are in on the conspiracy to distract Americans from Benghazi.

All told, over the last 12 months, the U.S. economy has added over 2.49 million jobs overall and 2.43 million in the private sector. What’s more, June was the 52nd consecutive month in which we’ve seen private-sector job growth – the longest on record.

At this point, with the year about half over, 2014 is currently on track to be the best year for U.S. job creation since 1999.

Benen is also reporting that this is "actual" good news, because "job creation was strong, even as the labor force grew. This is, in other words, how people rooting for the economy want to see the jobless rate drop."

But my favorite part was this: "There’s no point in cherry picking because all of the news is good."

Say it with me now:

blame obama Bush's fault smaller

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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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