Unemployment claims continue to drop

Up last week, down this week? How is that a continuance?

I was listening to the numbers on my ride into work this morning. One thing I heard was that salaries haven't risen. One thing I didn't hear was whether these new jobs were part-time or full-time.

Once you get on the disability train, no need to file unemployment claims.

next they will tell us inflation is under control, another myth

What caught my attention is the average is lowest since 2006 before the recession.

I would like to see the labor participation rate to find out if people are getting jobs or stopped looking for work. Last month showed strong hiring so if that is continuing this month then things are looking better

Just some quick numbers, I don't have time to get the support...

Labor Force since around 2k8 is down about -240,000...however, working age population is up about 2,400,000.

There are SO MANY factors at play here...make no mistake the labor force was expected to shrink due to the baby boomers but i've seen estimates from conservatives and liberal with the range being attributed anywhere from 25% to 50% of this Labor Force Drop (2,400,00 - 233,000 = 1.6mm net labor force drop)...fairly wide range.

However, at the best, that still leaves a 50% unexpected drop in the labor force...I beleive that can be explained with these factors:

1.Discouraged workers stop looking for jobs
2.People retire because they cannot find jobs
3.People go back to school hoping it will improve their chances of getting a job
4.People stay in school longer because they cannot find a job
5.Disability and disability fraud


Not any ONE factor is responsible for this but a combination of them are.

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If the economy doesn't rebound soon

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How long did it take for the recovery of the great depression? wasnt it like 7-10 years, depending on how you defined a recovery?

If this recession was roughly half as bad, youd expect revovery around 4-5 years which is right about where we are today.

just trying to put it in perspective. Anyone who expected a bouce back in a few years is dilusional.

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If you aren't engaged enough in being a citizen to possess a photo ID, then you have no business voting anyway.

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I kind of like this sig quote.

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Anyone who expected a bouce back in a few years is dilusional.

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Yes, and many here have stated that Obama was and still is delusional.

No it doesn't, just because the government uses a BS formula doesn't mean unemployment is dropping. And anyone who doesn't acknowledge this is dumber than a brick.

61.7 percent of able bodied adults are working.

Just because someone gives up looking for a job via the government, doesn't mean they aren't looking or that they aren't unemployed.