Jobless claims drop to lowest level in eight years

[healthmyths]

Tell that to the 16 thousand HP employees and 19 thousand IBM employees. Lot's of Indians to take up that slack.

Thank you, come again.

tell that to Microsoft's announced layoff of 18,000 employees

 

[KissMy]

Lets elect republicans & watch them cause 20+ million unemployed & soaring inflation. I bet they could set a new record.

 

[KissMy]

Net gain of jobs doesn't mean crap. There are fewer working now than there were.

You just make shit up!

142,152,000 employed when Obama took office, 146,221,000 employed now.

Don't include all the numbers. Talk about making shit up. Like I said net jobs doesn't mean crap. Roughly 4 million people turn 18 each year. That means over 24 million have reached working age since 2009. So yeah about 4 million more are working. But those numbers don't even come close to accounting for the number of unemployed.

Over 20 million Baby Boomers retired & 7 million workers died since 2009. Obama has increased the employment of the working age population more than & at a faster rate than ether Bush presidents.

 

[fbj]

The main reason people are unemployed is because they have to wait for someone to

get fired
resign
die


For a opening to become available

 

[pinqy]

The main reason people are unemployed is because they have to wait for someone to

get fired
resign
die


For a opening to become available

If that were true, then the number of jobs would be static...which it's not.

 

[ShaklesOfBigGov]

Economic good news

Jobless claims drop to 284,000, lowest since 2006

The number of people seeking U.S. unemployment benefits fell last week to its lowest level in eight years.

The Labor Department says weekly applications for unemployment aid dropped 19,000 to a seasonally adjusted 284,000. That's the lowest reading since February 2006, nearly two years before the Great Recession began.

The four-week average, a less volatile measure, declined 7,250 to 302,000. Claims for jobless aid have been falling for the past three months.

Applications are a proxy for layoffs. When businesses hold onto staff, increased hiring and stronger economic growth often follows.

Hiring is at its healthiest clip since the late 1990s and the 6.1 percent unemployment rate is at a 5 1/2-year low. Employers added 288,000 jobs in June, the fifth straight month of job gains above 200,000.

When you only have 26 weeks of unployment benefits and no federal extensions, of course it's going to drop. The left then picks up on these benefits running dry as a sign that the economy simply MUST be improving. The real question is, that no one seems to answer, are Americans working one full time job or two jobs to make up for their loss of household income under this administration? That is a more accurate depiction of the true state of the economy.

Now watch as after I post the numbers this will suddenly no longer be "a more accurate depiction of the true state of the economy"

There were 7,258,000 or 5.2% of the workforce working 2 or more jobs when Obama took office.
There are 6,960,000 or 4.7% of the workforce working 2 or more jobs now.

Since I was talking about Americans "loss of household income" as part of the true indicator of the economy in reference to jobs. with their need to work one or two part time jobs, ..... how do you explain this below?

the typical American household is making almost $2,400 less per year (in constant 2013 dollars) than it was four years ago, when the Obama "recovery" began.

Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession | The Weekly Standard

 

[KissMy]

Bush took the employment rate of the 197 million working age population from 74% down to 65%. Bush destroyed 18 million jobs.

Obama took the employment rate of the 203 million working age population from 65% up to 69%. Obama restored or created 8 million jobs.

Employment Rate of Working Age Population

Obama is mopping the floor with both Bush's. They could only dream of having Obama's increased employment rates. For 5 years now Household Income, Hires & Quits rates have been rising while the Unemployment & U-6 rates have been falling.

Employment is rising at increasing velocity. First 6 months of 2014 average 231k jobs added per month, last year the average was 194K jobs added per month.

The last time over 200,000 new jobs were created 6 months in a row was in 1999 when Bill Clinton was president!

 

[fbj]

Bush took the employment rate of the 197 million working age population from 74% down to 65%. Bush destroyed 18 million jobs.

Obama took the employment rate of the 203 million working age population from 65% up to 69%. Obama restored or created 8 million jobs.

Employment Rate of Working Age Population

Obama is mopping the floor with both Bush's. They could only dream of having Obama's increased employment rates. For 5 years now Household Income, Hires & Quits rates have been rising while the Unemployment & U-6 rates have been falling.

Employment is rising at increasing velocity. First 6 months of 2014 average 231k jobs added per month, last year the average was 194K jobs added per month.

The last time over 200,000 new jobs were created 6 months in a row was in 1999 when Bill Clinton was president!

Why am I still hearing Bush name and he has been out of office for 6 years? Is Obama held accountable for anything? Or he is just a permanent FILL-IN president until 2016?

 

[KissMy]

Bush took the employment rate of the 197 million working age population from 74% down to 65%. Bush destroyed 18 million jobs.

Obama took the employment rate of the 203 million working age population from 65% up to 69%. Obama restored or created 8 million jobs.

Employment Rate of Working Age Population

Obama is mopping the floor with both Bush's. They could only dream of having Obama's increased employment rates. For 5 years now Household Income, Hires & Quits rates have been rising while the Unemployment & U-6 rates have been falling.

Employment is rising at increasing velocity. First 6 months of 2014 average 231k jobs added per month, last year the average was 194K jobs added per month.

The last time over 200,000 new jobs were created 6 months in a row was in 1999 when Bill Clinton was president!

Why am I still hearing Bush name and he has been out of office for 6 years? Is Obama held accountable for anything? Or he is just a permanent FILL-IN president until 2016?

You are an idiot with a comprehension problem. As I stated in that post Obama is responsible for:

- Raising the employment rate of the 203 million working age population from 65% up to 69%.

- Restoring or creating 8 million jobs.

- 5 years of rising Household Income, Hires & Quits rates.

- 5 years of falling Unemployment & U-6 rates.

- Employment rising at increasing velocity. First 6 months of 2014 average 231k jobs added per month. That is the fastest rate in 20 years.

 

[fbj]

Bush took the employment rate of the 197 million working age population from 74% down to 65%. Bush destroyed 18 million jobs.

Obama took the employment rate of the 203 million working age population from 65% up to 69%. Obama restored or created 8 million jobs.

Employment Rate of Working Age Population

Obama is mopping the floor with both Bush's. They could only dream of having Obama's increased employment rates. For 5 years now Household Income, Hires & Quits rates have been rising while the Unemployment & U-6 rates have been falling.

Employment is rising at increasing velocity. First 6 months of 2014 average 231k jobs added per month, last year the average was 194K jobs added per month.

The last time over 200,000 new jobs were created 6 months in a row was in 1999 when Bill Clinton was president!

Why am I still hearing Bush name and he has been out of office for 6 years? Is Obama held accountable for anything? Or he is just a permanent FILL-IN president until 2016?

You are an idiot with a comprehension problem. As I stated in that post Obama is responsible for:

- Raising the employment rate of the 203 million working age population from 65% up to 69%.

- Restoring or creating 8 million jobs.

- 5 years of rising Household Income, Hires & Quits rates.

- 5 years of falling Unemployment & U-6 rates.

- Employment rising at increasing velocity. First 6 months of 2014 average 231k jobs added per month. That is the fastest rate in 20 years.

whatever people are getting laid every month

 

[KissMy]

Since I was talking about Americans "loss of household income" as part of the true indicator of the economy in reference to jobs. with their need to work one or two part time jobs, ..... how do you explain this below?

the typical American household is making almost $2,400 less per year (in constant 2013 dollars) than it was four years ago, when the Obama "recovery" began.

Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession | The Weekly Standard

Total bullshit!

 

[Spoonman]

Bush took the employment rate of the 197 million working age population from 74% down to 65%. Bush destroyed 18 million jobs.

Obama took the employment rate of the 203 million working age population from 65% up to 69%. Obama restored or created 8 million jobs.

Employment Rate of Working Age Population

Obama is mopping the floor with both Bush's. They could only dream of having Obama's increased employment rates. For 5 years now Household Income, Hires & Quits rates have been rising while the Unemployment & U-6 rates have been falling.

Employment is rising at increasing velocity. First 6 months of 2014 average 231k jobs added per month, last year the average was 194K jobs added per month.

The last time over 200,000 new jobs were created 6 months in a row was in 1999 when Bill Clinton was president!

because people have to work two jobs in a failed Obama economy. with all that the average household income has dropped by over $2000 a year under Obama. Obama will go down in history as the king of the burger flippers.

 

[Spoonman]

Since I was talking about Americans "loss of household income" as part of the true indicator of the economy in reference to jobs. with their need to work one or two part time jobs, ..... how do you explain this below?

the typical American household is making almost $2,400 less per year (in constant 2013 dollars) than it was four years ago, when the Obama "recovery" began.

Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession | The Weekly Standard

Total bullshit!

US Household Income | Department of Numbers

 

[edthecynic]

When you only have 26 weeks of unployment benefits and no federal extensions, of course it's going to drop. The left then picks up on these benefits running dry as a sign that the economy simply MUST be improving. The real question is, that no one seems to answer, are Americans working one full time job or two jobs to make up for their loss of household income under this administration? That is a more accurate depiction of the true state of the economy.

Now watch as after I post the numbers this will suddenly no longer be "a more accurate depiction of the true state of the economy"

There were 7,258,000 or 5.2% of the workforce working 2 or more jobs when Obama took office.
There are 6,960,000 or 4.7% of the workforce working 2 or more jobs now.

Since I was talking about Americans "loss of household income" as part of the true indicator of the economy in reference to jobs. with their need to work one or two part time jobs, ..... how do you explain this below?

the typical American household is making almost $2,400 less per year (in constant 2013 dollars) than it was four years ago, when the Obama "recovery" began.

Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession | The Weekly Standard

Did I call it!

The Weekly SubStandard has less credibility than you.

 

[edthecynic]

Bush took the employment rate of the 197 million working age population from 74% down to 65%. Bush destroyed 18 million jobs.

Obama took the employment rate of the 203 million working age population from 65% up to 69%. Obama restored or created 8 million jobs.

Employment Rate of Working Age Population

Obama is mopping the floor with both Bush's. They could only dream of having Obama's increased employment rates. For 5 years now Household Income, Hires & Quits rates have been rising while the Unemployment & U-6 rates have been falling.

Employment is rising at increasing velocity. First 6 months of 2014 average 231k jobs added per month, last year the average was 194K jobs added per month.

The last time over 200,000 new jobs were created 6 months in a row was in 1999 when Bill Clinton was president!

Why am I still hearing Bush name and he has been out of office for 6 years? Is Obama held accountable for anything? Or he is just a permanent FILL-IN president until 2016?

Probably the same reason the Right was blaming the Bush 2008 housing crash on Carter and Clinton.

 

[pinqy]

Since I was talking about Americans "loss of household income" as part of the true indicator of the economy in reference to jobs. with their need to work one or two part time jobs, ..... how do you explain this below?

the typical American household is making almost $2,400 less per year (in constant 2013 dollars) than it was four years ago, when the Obama "recovery" began.

Incomes Have Dropped Twice as Much During the 'Recovery' as During the Recession | The Weekly Standard

Total bullshit!

Nope, you're showing NOMINAL income, which has increased, but he was talking real wages, which have been declining.

 

[KissMy]

Since I was talking about Americans "loss of household income" as part of the true indicator of the economy in reference to jobs. with their need to work one or two part time jobs, ..... how do you explain this below?

Total bullshit!

Nope, you're showing NOMINAL income, which has increased, but he was talking real wages, which have been declining.

Perhaps stagnate but much better than they were during the Bush admin. They rose rapidly from 2007-2009 democrat congress minimum wage increase. Much better than the rapid decline until Clinton turned it around. Wages will rise rapidly within the next 2 years as the labor pool tightens from the rapidly increasing employment.

 

[Politico]

You just make shit up!

142,152,000 employed when Obama took office, 146,221,000 employed now.

Don't include all the numbers. Talk about making shit up. Like I said net jobs doesn't mean crap. Roughly 4 million people turn 18 each year. That means over 24 million have reached working age since 2009. So yeah about 4 million more are working. But those numbers don't even come close to accounting for the number of unemployed.

I notice you left out how many people are retiring every year.

Didn't leave anything out. The Boomers are starting to drive the numbers down. Everyone knows that. They also know Obammy will take credit for it somehow.

You just make shit up!

142,152,000 employed when Obama took office, 146,221,000 employed now.

Don't include all the numbers. Talk about making shit up. Like I said net jobs doesn't mean crap. Roughly 4 million people turn 18 each year. That means over 24 million have reached working age since 2009. So yeah about 4 million more are working. But those numbers don't even come close to accounting for the number of unemployed.

OK since the number working was a failure for you, just move the goalposts to the unemployed.

There were 12,058,000 unemployed when Obama took office and there are 9,474,000 unemployed now.

Again those only include the ones in the system. You're just going to keep arguing anyone who threatens the lockstep.

 

[Andylusion]

Bush took the employment rate of the 197 million working age population from 74% down to 65%. Bush destroyed 18 million jobs.

Obama took the employment rate of the 203 million working age population from 65% up to 69%. Obama restored or created 8 million jobs.

Employment Rate of Working Age Population

Obama is mopping the floor with both Bush's. They could only dream of having Obama's increased employment rates. For 5 years now Household Income, Hires & Quits rates have been rising while the Unemployment & U-6 rates have been falling.

Employment is rising at increasing velocity. First 6 months of 2014 average 231k jobs added per month, last year the average was 194K jobs added per month.

The last time over 200,000 new jobs were created 6 months in a row was in 1999 when Bill Clinton was president!

Why am I still hearing Bush name and he has been out of office for 6 years? Is Obama held accountable for anything? Or he is just a permanent FILL-IN president until 2016?

Probably the same reason the Right was blaming the Bush 2008 housing crash on Carter and Clinton.

The difference is, we can actually tie facts that establish the start of the housing bubble, whereas you only have correlation.

 

[pinqy]

OK since the number working was a failure for you, just move the goalposts to the unemployed.

There were 12,058,000 unemployed when Obama took office and there are 9,474,000 unemployed now.

Again those only include the ones in the system.

What do you mean "in the system?" Surely you don't think the unemployment numbers only include people collecting benefits???? (they have never been based on benefits)