edthecynic
Censored for Cynicism
- Oct 20, 2008
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The number of NEW jobless claims, and the NEW is very important, shows that less workers are losing their jobs. The OP left out the NEW, so I'll give you the benefit of the doubt, but the stat properly stated IS a good sign for the economy.People who run out of UI are NOT counted as employed simply because their UI ran out, as you falsely claim, they are counted as unemployed until they find a job whether they are collecting UI or not as long as they made at least a token effort to find a job which can be as little as asking a friend if they know of any jobs. So your whole rant was based on the lie in your first sentence which I have highlighted in red for you.All LIES, get itPeople who ran out of unemployment and can no longer file are counted as employed.
That is how dumb this figure is. It is is just a number. It doesn't represent how many people are employed, it is a number of people who filed for unemployment.
If you have 10,000 employable people...1400 do not work - then your true unemployment figure is 14%.
If 200 of these people have never had a job, because they were in school ect. - they are counted among the EMPLOYED people...if you try to use this number to represent how many jobs there are.
So the figure is now - 12%.
If 300 people have been out of work for longer than they can draw unemployment, then - again using this number - the figure is now 9%.
Get it dumbass OP? - you can't use this number to represent anything other than what it is - and what it is - has no meaning for how many people have jobs.
What are you talking about?
I am saying that you can't use a number that represents how many people file for unemployment anything other than how many people file for unemployment.
The number cannot be used to insinuate more people have jobs.
Tell me how that is a lie.
Nope....wrong again.
I said that as a point showing how dumb the OP was using this number to insinuate that more people have jobs.
The number, jobless claims, is a number of..wait for it... jobless claims. Trying to use that number to show anything else is wrong...my first sentence is an example of that - the note "that is how dumb that figure is" - what I really should have said it "that is how dumb it is to use this figure for that".
New Jobless Claims: Down 6K, Lowest Since 1973 - dshort - Advisor Perspectives
In the week ending April 16, the advance figure for seasonally adjusted initial claims was 247,000, a decrease of 6,000 from the previous week's unrevised level of 253,000. This is the lowest level for initial claims since November 24, 1973 when it was 233,000. The 4-week moving average was 260,500, a decrease of 4,500 from the previous week's unrevised average of 265,000.
There were no special factors impacting this week's initial claims. This marks 59 consecutive weeks of initial claims below 300,000, the longest streak since 1973.