Archive for unemployment – Page 2

In other news, new claims for unemployment benefits fell

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in other news

Fox Biz sent me an email alert, and with all the nauseating attention to GW Bush and his new (un)presidential Lie-Bury, the ongoing Boston Marathon bombing story, and the breaking news on Syria’s chemical weapons, this good news has yet to be mentioned:

New claims for unemployment benefits fell to 339,000 last week from an upwardly revised 355,000 the week prior. Claims were expected to fall to 351,000 from an initially reported 352,000.

If Fox Biz says it, it must be true. Right?

Oh, but I kid.

The Monterey Herald has more:

[M]ost economists were encouraged by Thursday’s report on unemployment benefits, though some cautioned against reading too much into one week’s data.

“The downtrend in unemployment remains on track,” said Jim O’Sullivan, chief U.S. economist at High Frequency Economics.

Of course, the sequester will likely have a negative effect as time goes on. Go Congress!

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What I will not write about today

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frustrated18

Sometimes I get so frustrated and/or disheartened and/or annoyed by some of the news stories of the day that I can’t bring myself to write about them. Here are a few recent reports that made my blood pressure hit the roof. I am avoiding delving into them at length out of concern for my physical and mental health.

  • 15 States Have Loosened Gun Restrictions– Because providing gun manufacturers with more cash, coveting phallic symbols, pretending you can outgun murderers under stress, and endangering more lives is a priority. USA! USA!

See what I mean? So who’s up for a couple of Margs or a trough of wine?

drunk wine crafts corks

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What I will not write about today

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frustrated14

Sometimes I get so frustrated and/or disheartened and/or annoyed by some of the news stories of the day that I can’t bring myself to write about them. Here are a few recent reports that made my blood pressure hit the roof. I am avoiding delving into them at length out of concern for my physical and mental health.

And just to get you really riled up:

chart gun deaths v terrorism deaths

Visit NBCNews.com for breaking news, world news, and news about the economy

See what I mean? So who’s up for a couple of Margs or a trough of wine?

drunk wine

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Quickie- US unemployment aid applications plummet to 346K

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greatnews

Gotta love adjusting!

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell sharply last week to a seasonally adjusted 346,000, suggesting March’s weak month of hiring may have been a temporary slowdown.

US unemployment aid applications plummet to 346K Unemployment aid applications dropped by 42,000 last week, the Labor Department said Thursday. The steep decline reversed sharp gains over the previous two weeks and brought the level back to a point that signals stronger job growth.

The four-week average, a less volatile measure, rose 3,000 to 358,000.

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Bikini Graph time! Job added, but totals stumble; unemployment rate to 7.6%, lowest since December 2008

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bikini itsy bitsy

It’s time to bring back the Bikini Graph! As always, red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration:

bikini graph April 2013 overall bikini graph April 2013 private sector

At least the blue bars still are still pointing UP.

Via Steve Benen at The Maddow Blog, where there’s more:

The Bureau of Labor Statistics reported this morning that the U.S. economy created just 88,000 jobs in March, the worst in the last 10 months. As is usually the case, there was a gap between the two major sectors — America’s private sector added 95,000 jobs last month, the public sector lost 7,000 jobs, though most of those totals were driven by Post Office layoffs.

The news is awful, but there was a silver lining: totals from January were revised up to 148,000 jobs (from 119,000), while February was revised up to 268,000 (from +236,000). The additional 61,000 jobs helped push the unemployment rate to 7.6%, its lowest point since December 2008.

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Fed Holds Policy Steady, Sees Unemployment Falling Faster Than Initially Expected #BlameObama

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economic recovery

tweet AP economyLink

The following comes via an email alert. Since it’s from Fox Biz, all our GOP readers who love to poo-poo any good economic news can trust the source implicitly:

The Federal Reserve said it expects to continue holding interest rates at historic lows until the unemployment rate falls below 6.5%. It will also continue buying assets at its current pace of $85 billion per month, and weigh the costs of benefits of this aggressive monetary policy. The central bank also sees the unemployment rate falling faster than previously expected in 2013 and 2014. It now forecasts a range of 7.3% to 7.5% for this year and 6.7% to 7% the following year. The upper range of the 2015 estimate was also lowered 0.1 percentage point to 6.5%.

More on the Fed’s decision: http://www.foxbusiness.com/investing/2013/03/20/fed-statement/

Blame Obama.

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Weekly jobless claims fall 10K, lowest level since January #BlameObama

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blame obama

This email alert comes from Fox Business, so Republicans will have a difficult time arguing with it… unless they stop believing in their beloved and only source for news:

The Labor Department reports initial claims for state unemployment benefits dropped by 10,000 to a seasonally-adjusted 332,000, the lowest level since mid January. Economists had expected first-time applications last week to rise to 350,000. The four-week-moving average, which helps smooth volatility, dropped to its lowest level since March 2008.

Blame Obama.

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