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New jobless claims up sharply as layoffs persist


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2010 Jun 17, 3:09am   2,756 views  7 comments

by crazydesi   ➕follow (0)   💰tip   ignore  

How do they calculate these numbers?Initial claims for jobless benefits rose by 12,000 to a seasonally adjusted 472,000, the Labor Department said Thursday1.Is it last month it was 460,000 and now 460,000+472,000or is it2.last month it was 460,000 and now it is 472,000 

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1   SFace   2010 Jun 17, 4:25am  

How do they calculate these numbers?

Add state EDD information and agregate them. In the week of xx, 472,000 unemmployment claim was filed, in the prior week prior to that, it was 460,000. That is a monthly run rate of around 2M. It takes 2M hiring (not including hiring people who quit their jobs to join another company and not file unemployment) to keep net jobs added at 0.

2   crazydesi   2010 Jun 17, 4:43am  

wow! Thats a lot of jobs

3   CrazyMan   2010 Jun 17, 4:53am  

Welcome to great depression 2.

4   RayAmerica   2010 Jun 17, 9:15am  

It's only a matter of time before Obama's Job Stimulus plan kicks in. Why not order another Census? That'll create some good, long term jobs. LOL

5   RealisticOptimist   2010 Jun 17, 11:39am  

and next week when it drops by a whopping 5000, everyone will scream "recovery" again.

"We're adding jobs!!!!!" ha!

6   crazydesi   2010 Jun 18, 3:20am  

I want the government to use my taxes in a wise way ... not counting beans

RayAmerica says

It’s only a matter of time before Obama’s Job Stimulus plan kicks in. Why not order another Census? That’ll create some good, long term jobs. LOL

7   crazydesi   2010 Jun 18, 3:21am  

does the unemployed people has to work for government to get the unemployment benefits?

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