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AP: Jobless Benefits Rolls Sharply Down

From an unquestioning Associated Press:

Jobless benefit rolls drop sharply; new claims dip

Thu Jun 10, 2010

WASHINGTON – The tally of laid-off workers continuing to claim jobless benefits fell by the largest amount in almost a year, suggesting that more unemployed workers may be finding work.

It could also suggest that more people have run out of benefits – which began to expire in many states at the end of May.

At the same time, new claims for unemployment insurance dipped slightly for the third straight week.

The Labor Department says the total unemployment benefit rolls fell by 255,000 to a seasonally adjusted 4.5 million. It was the lowest total since December 2008. Analysts polled by Thomson Financial expected a much smaller drop.

Of course they did.

The number of first-time claims fell by 3,000 to a seasonally adjusted 456,000. New claims have been stuck at 450,000 since the beginning of the year.

Sorry.

Between the Census hiring and the other shenanigans with the numbers, we just don’t believe it.

This article was posted by Steve on Thursday, June 10th, 2010. Comments are currently closed.

8 Responses to “AP: Jobless Benefits Rolls Sharply Down”

  1. proreason says:

    which shell will the pea end up under this week?

    • JohnMG says:

      I would guess that the jobless numbers dealing with a moratorium on drilling off-shore haven’t been factored in yet, huh? Thousands of jobs are directly linked to the petroleum industry, and fully one-third of domestic oil production comes from the Gulf of Mexico, and this production is slowly being strangled by “fearless leader” and his feckless policies.

      Not to worry, though. We’re gonna replace them with ‘green’ jobs, right?

      I guess that magazine cover was right. When the only jobs to be had are “gubamint” jobs, we’ll all be socialists. Or have we already arrived?

    • Rusty Shackleford says:

      I work 2 days a week to satisfy the government.

  2. canary says:

    Sunday’s Wall-street Journal said the jobless rate is growing. Worst for teens in 40 years, and 25-35 year olds getting hit hard.

    I know I shouldn’t judge, but the dude in the photo might try a different hair style. Even Obama complained he was told to trim his hair for his first organizing job in Chicago.

    • Rusty Shackleford says:

      Yes, his hair. That will be his biggest challenge when looking for a job.

      (that’s a joke, folks….just a joke)

  3. Mithrandir says:

    AP….what a joke!

    Man kills 20 at a post office. AP reports:

    “A sure sign the economy is improving, post office to hire 20 more workers.”

  4. Chinnubie says:

    I’m still waiting for that “laser-like focus on jobs” to happen, so we can all get back to work. I just earned my Bachelor’s Degree after waiting for a long time to get it done and I finally do something right in my life, a socialist has to come along and ruin everything. I thought these were the people we were waiting for? Waiting for what? 10% unemployment and a laughing-stock around the world? I guess, we can only go up from here!!

  5. lukematthews says:

    The amazing non-recovery, before our very eyes. There are not ‘gains’ in employment and will not be as long as these regime’s policies are battling against the productive sector of the economy. With the government sector soaking up the oxygen in the room, the private sector will continue to struggle for breath. With healthcare deform siphoning off more and more cash, fewer of us will have coverage and/or jobs. With centralized financial deform in place, we will not invest in growth but in politically connected firms. With crap and tax, the standard of living will shrink dramatically limiting consumer spending and economic rebound.
    This entire debacle is designed to destroy the economy, so, it is destroying the economy. Small wonder we have ‘invested’ three trillion in public spending this past year and a half and have growth of about 600 billion. That’s the kind of numbers that will insure we are bankrupt within a decade.


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