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FEWEST JOBLESS CLAIMS SINCE 1973


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2017 Oct 19, 9:35am   2,563 views  8 comments

by MrMagic   ➕follow (2)   💰tip   ignore  

The WINNING, please make it stop!!

Initial Jobless Claims Crash To Lowest Since 1973.

The DOL reported that filings for unemployment benefits tumbled to the lowest level in 45 years, or since 1973, as all those workers who were unable to work due to the two hurricanes, returned to their jobs.

The initial claims print for the latest week - was 222K, below the 240K expected, and down 22K from the 244K last week. The less volatilte 4-week initial claims average alsod dropped to 248,250 from 257,750, Meanwhile, continuing claims fell by 16K to 1.89M in the week ended October 7.

http://www.zerohedge.com/news/2017-10-19/initial-jobless-claims-crash-lowest-1973

Comments 1 - 8 of 8        Search these comments

1   anonymous   2017 Oct 19, 9:49am  

To be fair, if you believe presidents have much control over this it's worth pointing out that Obama got claims down to levels last seen in 1975.

Or to be fair if you believe like I do that presidents have little control over this then you will neither praise your teams guy nor demonize the other teams guy.

Of course the vast.majority of outspoken Pat natters are hyper partisan
2   anonymous   2017 Oct 19, 9:51am  

Meant to say that the vast majority he of outspoken posters are hyper partisan so I do not expect "fairness" either way.
3   justme   2017 Oct 19, 9:55am  

Please post also a curve of the labor participation rate. Okay, I will do it.

https://fred.stlouisfed.org/series/CIVPART

The LPR is still at 1978 levels at 63.1%. Trump has not accomplished squat. The FRB has not accomplished squat in terms of jobs, only created more bubbles and asset inflation.
4   anonymous   2017 Oct 19, 11:34am  

@justme, how quickly we forget. These hyper-partisan nut jobs used to march out the Labor participation rate every time a good jobs report came out (lower unemployment) all throughout Obama’s presidency.

It’s bizarro world
5   Heraclitusstudent   2017 Oct 19, 11:40am  

me123 says
Initial Jobless Claims Crash To Lowest Since 1973.

Typical situation before rolling into the next recession.
Give it a year.
6   zzyzzx   2017 Oct 19, 11:49am  

It's all Trumps fault!!!
7   FortWayne   2017 Oct 19, 3:31pm  

zzyzzx says
It's all Trumps fault!!!
8   HEY YOU   2017 Oct 19, 5:04pm  

Another thread that can be blown apart by any beginner troll.

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