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Jobless Up To 554K, But ‘Rolls Fall’

From the ever hopeful Associated Press:

Recent La Salle University graduate Sean Christman of Westmont N.J., attempts to hand out resumes to passing motorists in Philadelphia, Wednesday, July 22, 2009.

New jobless claims rise to 554K, total rolls fall

By Christopher S. Rugaber, AP Economics Writer

WASHINGTON – The number of newly laid-off workers seeking jobless benefits rose last week, though the government said its report again was distorted by the timing of auto plant shutdowns.

Unemployment insurance claims have declined steadily since the spring, but most private economists and the Federal Reserve expect jobs to remain scarce and the unemployment rate to top 10 percent by year-end…

The recession, which started in December 2007 and is the longest since World War II, has eliminated a net total of 6.5 million jobs. The unemployment rate in June rose to 9.5 percent, a 26-year high.

More job cuts were announced this week, many by major airlines.

Houston-based Continental Airlines Inc. reported a quarterly loss of $213 million and said it would slash 1,700 more jobs on top of 1,200 already announced. Southwest Airlines Co., which has never laid off workers, announced that 1,400 employees — about 4 percent of its work force — took offers of cash and travel benefits to leave the Dallas-based company.

Among the states, New York reported the largest increase in initial claims, with 12,504, which it attributed to higher layoffs in the construction and transportation industries. The next largest increases were reported by North Carolina, Florida, Missouri and Tennessee. The state data lags initial claims by one week.

Michigan reported the largest decrease, with 6,648, which it attributed to fewer layoffs in most industries. Massachusetts, New Jersey, Indiana and California reported the next largest drops.

Of course the Associated Press has to quickly add that the “total rolls fall.”

But why are the total rolls falling?

Because people are running out of unemployment benefits, all over the country.

The number of newly laid-off workers seeking jobless benefits rose last week, though the government said its report again was distorted by the timing of auto plant shutdowns.

Where is the “distortion”?

Aren’t these auto workers now unemployed?

And if this number is being distorted by auto plant closings, why are Michigan’s numbers up?

This article was posted by Steve on Thursday, July 23rd, 2009. Comments are currently closed.

10 Responses to “Jobless Up To 554K, But ‘Rolls Fall’”

  1. proreason says:

    They are like 8 year olds.

    Mikey did it, not me. It isn’t so bad anyway. Why do you always pick on me anyway? I hate you.

  2. Right2thepoint says:

    I believe one of the rules of calculation the BLS goes by is that anybody who goes over the 26 week limit hits the not attached list and gets taken out of the active unemployed status.

    Even if they are still drawing extended benefit checks from the stimuNOT package they still get moved to another class of the six groups the BLS uses for calculations.

  3. bill says:

    Obviously, you are way to smart to be an Obama voter.

    The BLS revised the June unemployment to 9.7% for the phony number, and to 16.5% for the total number. Data here: http://www.google.com/publicdata?ds=usunemployment&met=unemployment_rate&tdim=true&q=unemployment+rate

  4. pdsand says:

    “Aren’t these auto workers now unemployed?”

    I don’t think so, technically. I think they’re eligible for unemployment, but they probably still have full salary and benefits from the auto companies.

  5. canary says:

    HELP! My young nephew can’t find work and is going into military. He has a year of college. He wants to go in Navy. I’m worried for any soldier with Obama running things. He wants to go into medical field and be a Navy Seal. I do not know much about the Navy. Any advice?

    • Liberals Demise says:

      The Navy has a excellent medical corp. Navy Seals are the creme de la creme when it comes to being a fighting force. You won’t hear of them being used most of the time; black ops stuff! Your nephew had better be made of steel because while many may try to become Seals ……… only a handful survive the rigorous training to earn the prized “Trident”.
      If he doesn’t make the Seals, the Navy does provide “Corpsman” to the U.S. Marine Corps (battlefield “Docs”). He will train along side the Finest Fighters and be protected to the last man. From my personal experience, the “Corpsman” become one of the team and joins “The Gallant Breed”.

      Either way, he can do no wrong. I hope this helps.
      Corporal of Marines

    • MinnesotaRush says:

      However your young nephew proceeds, let the knowledge of just how many prayers that are offered almost constantly for our men and women in the service of our Country bring some peace to your (and yours’) hearts.

      Best wishes for your nephew (and you, canary)! Be proud of his desire to serve!

      God Bless!!!

    • canary says:

      Thanks to all. He is a tough one, and wants to do this. He has started the process though I asked him to wait til I could study it more. Thanks again.

  6. GL0120 says:

    Can anyone tell me whatever happened to the rolls of those who have given up looking for work? Those poor unfortunates that we used to hear of nightly during Republican administrations?
    Did they suddenly disappear? Is TCO that awe inspiring that he motivates people to keep going despite having the deck stacked against them?
    I can hardly wait for the healing services to be held at the White House!
    It will be great to watch the lame, the deaf, the unemployed, come to the stage to allow TCO to cast out the conservatives that have caused their misfortune.

  7. MinnesotaRush says:

    LET ME BE CLEAR .. “just last week, I saved or created 2.4 kabillion jobs. Right, Joe?”

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