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AP: Jobless Claims Are Up, But Improving

From the always rose-colored glasses of the Associated Press:

Jobless claims rise, but trend shows improvement

By Jeannine Aversa, AP Economics Writer
December 2, 2010

WASHINGTON – More Americans applied for unemployment benefits last week, but the broader trend in layoffs points to a slowly healing job market. The average over the past month fell to a two-year low.

New claims for unemployment aid rose last week by a seasonally adjusted 26,000 to 436,000, the Labor Department said Thursday.

The previous week’s claims were revised up slightly to show applications had tumbled by 31,000 to 410,000.

The figures are often volatile during the weeks around the Veteran’s Day and Thanksgiving holidays.

Even so, the longer-term trend has shown a downward drift.

The four-week moving average of claims, which smooths [sic] volatility, fell to 431,000 last week. That’s a two-year low…

Recent signs suggest the economy is on track to end the year on a stronger note.

The latest evidence came Thursday when retailers reported strong sales in November. That’s boosting hopes that shoppers will spend more during the holiday season

Earlier this week other economic reports showed that factories are pumping out goods, construction spending is up and auto sales are rising

During the Great Depression the government was mocked by the news media for always saying "prosperity is just around the corner."

Now it is the news media who keep telling us this week after week. At least when there is a Democrat in the White House. Of course, when there is a Republican President we are endlessly told that a recession is just around the corner.

Still, maybe the Associated Press and their Democrat bosses will finally learn it’s a lot easier to talk us into a recession than it is to talk us out of one.

Thursday’s report also showed that the number of people continuing to collect unemployment aid rose to 4.3 million for the week ending Nov. 20. That doesn’t include millions of additional people on extended unemployment programs that were set up during the recession.

Once again, the number of people on unemployment continues to rise — and the AP and the rest of the media continue to insist that the ‘trend’ is improving.

Overall, 8.9 million people are receiving jobless aid, including 4.9 million that are doing so through the federally funded extended benefit programs. Those provide up to 99 weeks of benefits.

However, the extended programs expired at the end of November. Nearly 2 million will lose unemployment benefits as the holiday arrives if Congress doesn’t change its mind and renew the aid.

The AP’s sentimental regard for the unemployed at Christmas time is becoming positively Dickensian. Where is the vaunted ‘separation of church and state-controlled media’?

But just wait until the AP gets hold of the new figures now that the 99 weeks of benefits are running out. We are in for a barrage of joyous headlines about how the number of people collecting unemployment benefits is ‘plummeting.’

This article was posted by Steve on Thursday, December 2nd, 2010. Comments are currently closed.

7 Responses to “AP: Jobless Claims Are Up, But Improving”

  1. Rusty Shackleford says:

    I’m really tired of getting mentally violated by the media. Perhaps that’s why I called an end to the “relationship” long ago.

  2. untrainable says:

    Joseph Goebbels would be proud of his legacy. The A.P. (American Propaganda)

  3. bill says:

    Holiday guessing and lies …

  4. Tater Salad says:

    Why America is skeptical of the Democratic Party:


    The correlation of Barack Obama and the Communist Manifesto. It is now coming true and here is proof. Enjoy the readings comrades.


  5. Astravogel says:

    Which corner on the circle are they describing?

  6. Liberals Demise says:

    THAT’S IT!!!!!
    There is positively no way the media and the (D) can ram anymore rays of sunshine up my arse. This economy sucks!!

  7. bobdog says:

    So let me see if I have this right.

    There were 14.3 million unemployed at the end of October, according to the BLS (Google it).

    There are 4.3 million collecting unemployment insurance.

    10 million people, then, are both unemployed and receiving no assistance. Not to mention the underemployed.

    The AP must be right. Things are looking up. I’d bet things would really be dark except for Obama and the merry Democrats. All we need now is a major tax increase, a few trillion in freshly printed currency, and another extension of federal unemployment benefits and things would really be humming again.

    Sing it, children!

    Oh, Happy days are here again
    The skies above are clear again
    So let’s sing a song of cheer again
    Happy days are here again

    Scuze me. I think I’m going to throw up. Be right back.

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