Jobless claims skyrocket to 439,000 | TigerDroppings.com

Posted byMessage
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
76434 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



Back to top
Share:
Francis Marion
LSU Fan
Le Bossier
Member since Jul 2011
1536 posts

re: Jobless claims skyrocket to 439,000


Did California finally report?





Back to top
augrad00
Auburn Fan
Member since Nov 2010
968 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.






Back to top
TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
16614 posts

re: Jobless claims skyrocket to 439,000


Sandy had some effect, but there is no way it accounted for all of that.





Back to top
BestBanker
New Orleans Saints Fan
stuck in a moment
Member since Nov 2011
2827 posts

re: Jobless claims skyrocket to 439,000


Didn't see thiis coming.





Back to top
Lsut81
USA Fan
Member since Jun 2005
61580 posts

re: Jobless claims skyrocket to 439,000


quote:

Jobless claims skyrocket to 439,000










Back to top
Lsut81
USA Fan
Member since Jun 2005
61580 posts

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?






Back to top
coondaddy21
LSU Fan
Louisiana
Member since Oct 2012
684 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?





Back to top
GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
22565 posts

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?





Back to top
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
76434 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.






Back to top
Lsut81
USA Fan
Member since Jun 2005
61580 posts

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






Back to top
taeemwar
BR
Member since Apr 2010
129 posts

re: Jobless claims skyrocket to 439,000


I hate to say it but this is just the beginning.





Back to top
Homesick Tiger
LSU Fan
Greenbrier, AR
Member since Nov 2006
12480 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.






Back to top
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
76434 posts

re: Jobless claims skyrocket to 439,000


Good point. Plus the unions in NJ and NY probably won't let them work anyway.





Back to top
KeyserSoze999
LSU Fan
Member since Dec 2009
3290 posts

re: Jobless claims skyrocket to 439,000


He inherited this mess people, for gods sake!!





Back to top
StarSaint
LA-Lafayette Fan
lafayette
Member since Nov 2006
3323 posts

re: Jobless claims skyrocket to 439,000


Forward.

















Until we fall off the cliff.






Back to top
LSUAlum2001
LSU Fan
Tier BP
Member since Aug 2003
26956 posts

re: Jobless claims skyrocket to 439,000


quote:

Jobless claims skyrocket to 439,000




Transparency my ass..






Back to top
Tim
LSU Fan
Texas
Member since Jan 2005
6008 posts
 Online 

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...





Back to top
CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31430 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.





Back to top
SoulGlo
LSU Fan
Shinin' Through
Member since Dec 2011
3214 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...







Back to top



Back to top