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Yippee! 3,000 Fewer New Jobless Claims

From the always in there pitching Associated Press:

Fewer people apply for unemployment benefits

By Christopher S. Rugaber, AP Economics Writer 2010

WASHINGTON – Fewer people applied for unemployment benefits last week, the third drop in the past four weeks and a sign that the job market is slowly improving.

Weekly claims for jobless aid dipped by 3,000 to a seasonally adjusted 420,000 in the week ending Dec. 11, the Labor Department said Thursday.

By the way, last week’s number was revised up by 1,000 new claims. Which seems to be standard procedure now.

So, by next week today’s drop will probably be down to 1,000 new claims. – Still, it’s a sure sign that the job market is improving!

The four-week average of claims, a less-volatile measure, fell for the sixth straight week to 422,750. That’s the lowest level since August 2008, just before the financial crisis intensified with the collapse of Lehman Brothers

You’ll be amazed to hear that last week’s four week average was also revised up – by 4,750 new claims. Just like it always is.

Claims have been steadily declining in the past two months, raising hopes among economists that layoffs are falling and employers are hiring more workers

And yet unemployment went up last month. You would think a journalist might wonder how this is possible. But you would be wrong.

The reports cap a strong week for the economy that has many thinking 2011 will be a better year than first thought. Factories are producing more, retail sales are rising, and business executives and consumers are increasingly optimistic. And Congress is on the cusp of passing a package of tax cuts [sic] and an extension of emergency unemployment benefits that would give businesses and consumers more money to spend next year

‘Rah rah rah! Go Team Obama!’

Still, it’s great to see the AP have to admit that the Bush tax cuts are so good for the economy.

This article was posted by Steve on Thursday, December 16th, 2010. Comments are currently closed.

8 Responses to “Yippee! 3,000 Fewer New Jobless Claims”

  1. Liberals Demise says:

    Just more unrevised bullshiite from dingleBarrys shovel ready media hamsters.

  2. GetBackJack says:

    Yippee! 3,000 people gave up and quit filing ….

  3. oki says:

    Couldn’t retail sales be up because of Chris… uhh the holiday?

  4. River0 says:

    Can you imagine what the Regime Media would be saying if a conservative were in office, or any Republican? The DemonicRats were screaming “depression!” when unemployment was 5.2% under George W. Bush.

    They’re so predictable. Whatever they do is high, noble, and good; whatever those who disagree with them do is low, mean, and malicious.

    Their intentions are always “good”, so no matter how badly their policies fail, it’s not their problem. Conservatives’ intentions are always “bad”, so even when those policies succeed, no credit will ever be given to them. DemonicRats will even try to steal the credit, as with the success of the ‘surge’ in Iraq. Remember when Vice Pres. Biden said Iraq was their “big success”?

    “Hypocrisy is the tribute vice pays to virtue” – Matthew Arnold

    When individuals display such a shocking double standard between their actual behavior and the appearances they try to project, it shows an undeniable awareness of right and wrong. They are doomed.

  5. tranquil.night says:

    We got a lot of class warriors in disguise calling up talk radio lately and using the weapon of circumstance and misinformation to farm some sympathy. They love to call out how there is actually no extension of the 99 to three years but just an extension of the overall 99 week program, which they’re claiming a lot of people aren’t qualifying. Rush just engaged his with textbook Conservatism. Brilliantly done.

    There’s enough anecdotal evidence to suggest that the government is, either through procedural tweaks or otherwise, playing favorites with whom they’re extending those full benefits. For instance, any sort of other government assistance program from housing loan modifications to Medicare to Social Security will all impact your eligibility for other aid. The government loves to get you to overdraw on one benefit so that they can disqualify you from another, Ms. TN’s Grandma is facing this with her mounting medical bills.

    However, I’d be hard-pressed to see any Democrat represented interest groups facing such red-tape. So here we go. This is statist bureaucracy at work, playing politics with peoples lives. Buying votes with one hand and denying aid with the other in the name of taxpayer austerity, and ObamaCare compounding the problem rapidly and exponentially.

    The time to slay the beast draws near. Not a moment to lose.

  6. mr_bill says:

    Even if you believe these numbers (I don’t), isn’t it a like claiming that no people were killed today by the sinking of the Titanic. Yes, I know its absurd, the Titanic sank almost a hundred years ago. Of course it wouldn’t kill anybody today. But that is what the AP is trying to say here. NEW filings for unemployment “drop” by 1% and they want us to believe happy times are here again. According to the AP, the recession began in late 2007, shouldn’t we be past the losing jobs at the rate of 420,000+ each month?

    Every week, the Orchestrated Press heralds these numbers as “less bad.” Less bad is still not “good.” Remember when “good” was “awful”: those terrible years of 3+% growth in GDP, sub 5% unemployment. If “good” was “awful” then, shouldn’t “less bad” be worse? Of course, a Republican was President then, too.

    • U NO HOO says:

      Well, if the Titanic hadn’t sunk descendants of those on the Titanic could have died today.

      Like creating or saving gillions of jobs.

  7. canary says:

    Companies & food places usually need extra help before and after Christmas.

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