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LSURussian
LSU Fan
Member since Feb 2005
85178 posts

Jobless claims skyrocket to 439,000

Last week the claims were 361,000.

The surge in new jobless claims last week was the biggest one-week increase since September 2005.

Apparently the BLS knows the election is over.....

FORWARD!

ETA: LINK Let's see...hurricane Sandy hit on October 29, or 2.5 weeks ago. Hmmmm....

This post was edited on 11/15 at 8:02 am



Francis Marion
LSU Fan
Le Bossier
Member since Jul 2011
1536 posts

re: Jobless claims skyrocket to 439,000
Did California finally report?


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augrad00
Auburn Fan
Member since Nov 2010
1354 posts

re: Jobless claims skyrocket to 439,000
The U.S. government will release weekly jobless claims and the monthly consumer price index at 8:30 a.m. Eastern. Claims are expected to jump to 380,000 in the week ended Nov. 10 from 355,000, according to economists surveyed by MarketWatch, but the increase is likely to be a side-effect of Hurricane Sandy. The consumer price index for October, meanwhile, is projected to rise a scant 0.1% overall and by 0.1% excluding food and energy. Falling oil prices have reduced inflationary pressure.

It isn't because the election is over.


TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
17797 posts

re: Jobless claims skyrocket to 439,000
Sandy had some effect, but there is no way it accounted for all of that.


BestBanker
LSU Fan
stuck in a moment
Member since Nov 2011
4221 posts

re: Jobless claims skyrocket to 439,000
Didn't see thiis coming.


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Lsut81
USA Fan
Member since Jun 2005
66226 posts
Online

re: Jobless claims skyrocket to 439,000
quote:

Jobless claims skyrocket to 439,000






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Lsut81
USA Fan
Member since Jun 2005
66226 posts
Online

re: Jobless claims skyrocket to 439,000
quote:

Apparently the BLS knows the election is over.....


So if being at 360k consistently (Which is about 10-20k under what we have been running for the past few years) brought unemployment from close to 9 percent to 7.9 inside of a few months.... Logically, being 60k over that would reverse those three months and unemployment would be up to a minimum of 8.5, right?


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coondaddy21
LSU Fan
Louisiana
Member since Oct 2012
715 posts

re: Jobless claims skyrocket to 439,000
I know some people are out of work because of Sandy but does that qualify them for unemployment? Also, wouldn't Sandy have created jobs that might offset jobs lost?


GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
30537 posts
Online

re: Jobless claims skyrocket to 439,000
This is the "right" direction right? Or, is Obama trying to recover from the 1st term Obama recession?


LSURussian
LSU Fan
Member since Feb 2005
85178 posts

re: Jobless claims skyrocket to 439,000
quote:

I know some people are out of work because of Sandy but does that qualify them for unemployment?
Yes, if their place of employment is closed.

quote:

Also, wouldn't Sandy have created jobs that might offset jobs lost?

You would think there would be an uptick in construction and an increase in hiring of clean up type workers.


Lsut81
USA Fan
Member since Jun 2005
66226 posts
Online

re: Jobless claims skyrocket to 439,000
quote:

Obama trying to recover from the 1st term Obama recession?


frick, the stock market may be rocked today as it was announced that Europe is officially in another recession


taeemwar
BR
Member since Apr 2010
158 posts

re: Jobless claims skyrocket to 439,000
I hate to say it but this is just the beginning.


Homesick Tiger
LSU Fan
Greenbrier, AR
Member since Nov 2006
16640 posts

re: Jobless claims skyrocket to 439,000
quote:

an increase in hiring of clean up type workers.


I'd imagine the majority of those kind of folks are already on welfare. They ain't interested.


LSURussian
LSU Fan
Member since Feb 2005
85178 posts

re: Jobless claims skyrocket to 439,000
Good point. Plus the unions in NJ and NY probably won't let them work anyway.


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KeyserSoze999
LSU Fan
Member since Dec 2009
4922 posts

re: Jobless claims skyrocket to 439,000
He inherited this mess people, for gods sake!!


StarSaint
LA-Lafayette Fan
lafayette
Member since Nov 2006
3592 posts

re: Jobless claims skyrocket to 439,000
Forward.

















Until we fall off the cliff.


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LSUAlum2001
LSU Fan
Tier BP
Member since Aug 2003
31663 posts
Online

re: Jobless claims skyrocket to 439,000
quote:

Jobless claims skyrocket to 439,000




Transparency my ass..


Tim
LSU Fan
Texas
Member since Jan 2005
6403 posts

re: Jobless claims skyrocket to 439,000
It's because of Hurricane Sandy?? Are you f**king kidding me? A spike of about 60k more than what they thought and they all came from NJ/NY? I swear, some people would let Obama take a sh*t in their mouth and they'd talk about how good the peanuts taste...


CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: Jobless claims skyrocket to 439,000
A joke I read earlier today, Obama is praising the efforts of FEMA in the effected areas. Millions without power, fuel, food, water for this long and he thinks it is being handled better than Katrina.


SoulGlo
LSU Fan
Shinin' Through
Member since Dec 2011
4096 posts

re: Jobless claims skyrocket to 439,000
quote:

A spike of about 60k more than what they thought and they all came from NJ/NY? I swear, some people would let Obama take a sh*t in their mouth and they'd talk about how good the peanuts taste...



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