Patterico's Pontifications

6/17/2010

Jobless Claims Up “Unexpectedly”

Filed under: Economics — DRJ @ 3:15 pm



[Guest post by DRJ]

Jobless claims rose ___ [join me in filling in the blank] last week:

“The number of Americans seeking jobless benefits last week unexpectedly rose to a one-month high, indicating firings are staying elevated even as the U.S. economy grows.”

The experts explain why this isn’t good news, although we non-experts have a good idea why more jobless Americans is a bad thing:

“The labor market is not improving,” said Steven Ricchiuto, chief economist at Mizuho Securities USA Inc. in New York. “If you really are going to have a sustainable recovery, you need the labor market to improve.”

I guess this means June’s numbers won’t look that good either.

— DRJ

7 Responses to “Jobless Claims Up “Unexpectedly””

  1. Is this also “historic” and “unprecedented” unceasing unemployment?

    Vivian Louise (643333)

  2. Any economic news is “historic”, “unexpected”, and “unprecedented”, to this group of Bozo’s –
    no disrespect meant to legitimate, working clowns.

    AD - RtR/OS! (76c972)

  3. And all these newly unemployed – plus those so far still unemployed – have this to have to contend with.

    Blacque Jacques Shellacque (9fe4a5)

  4. Clowns are creepy, in all of their creepy vile disgusting perverted sickening forms.

    Just think how bad this would be if the government was not hiring at a rate about a billion times as high as the private sector.

    JD (41e5f8)

  5. However, there are things which make the numbers suspect.

    In Pennsylvania, workers can file for partial unemployment, if they have jobs which are supposed to be full-time, but the workload means that they get less than forty hours a week. This typically affects construction workers.

    If you have a claim open, and have been collecting partial unemployment, and then you work a forty-hour week and can’t collect, your claim is closed. If, come the next week, you can claim again, at least in the Keystone State, since your old claim was closed out, you are filing a new claim for unemployment benefits. Fortunately, the Commonwealth doesn’t require a new “waiting week” every time this is done.

    The Dana in Pennsylvania (474dfc)

  6. And yet, Democrats continue to refuse to see that their policies, and their job-killing legislative agenda for this year, continues to stop any economic recovery.

    And beginning in January 2011, huge tax increases are scheduled to begin that will further cripple our economy.

    SPQR (26be8b)

  7. “And beginning in January 2011, huge tax increases are scheduled to begin that will further cripple our economy.”

    Yes….All is going according to plan.

    Thomas (b7fe33)


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