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-   -   Jobless claims and inflation are rising (http://www.orangemane.com/BB/showthread.php?t=89485)

barryr 02-18-2010 04:34 PM

Jobless claims and inflation are rising
 
Thank goodness the economy is improving so much according to the left or who knows where things would be at. But keep that spending going, that'll surely bring down the debt, forget though that goes against even Economics 101.

Jobless Claims, Inflation Jump as Economy Wobbles
Published: Thursday, 18 Feb 2010 | 8:39 AM ET Text Size By: Reuters

The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economic recovery.

Initial claims for state unemployment benefits increased 31,000 to 473,000, the Labor Department said on Thursday. That compared to market expectations for 430,000.

Another report from the department showed prices paid at the farm and factory gate rose a faster than expected 1.4 percent from December after a 0.4 percent gain in December, as higher gasoline prices and unusually cold temperatures helped boost energy costs.

"When you have PPI moving up and still no progress in the jobs situation, that doesn't bode well for continued improvement in equity prices," said Alan Lancz, president at Alan B. Lancz & Associates in Toledo, Ohio.

http://www.cnbc.com/id/35457298

L.A. BRONCOS FAN 02-18-2010 06:01 PM

Under Bush:

1) First net job loss since Hoover.

2) First modern admin with zero job growth.

Where was barryr with the "concern" about joblessness then?

And does barryr really think all those good jobs that were shipped overseas under his hero GeeDubya are coming back?

Bronx33 02-18-2010 06:13 PM

I predict that excuse that will never end.

L.A. BRONCOS FAN 02-18-2010 06:24 PM

I predict that the denial re: the effects of eight years of republi-con misrule will never end...

http://media3.washingtonpost.com/wp-...0010101701.gif

http://www.washingtonpost.com/wp-dyn...l?hpid=topnews

Dudeskey 02-18-2010 06:25 PM

Quote:

Originally Posted by L.A. BRONCOS FAN (Post 2754695)
Under Bush:

1) First net job loss since Hoover.

2) First modern admin with zero job growth.

Where was barryr with the "concern" about joblessness then?

And does barryr really think all those good jobs that were shipped overseas under his hero GeeDubya are coming back?

****, man not just GW. Jobs were starting to get shipped overseas after NAFTA & GATT went through. I bet the ink hadn't even dried when the fatcat corporations started getting to work on that. Clinton helped sell us out too, man don't forget that!

L.A. BRONCOS FAN 02-18-2010 06:43 PM

Quote:

Originally Posted by Dudeskey (Post 2754717)
****, man not just GW. Jobs were starting to get shipped overseas after NAFTA & GATT went through. I bet the ink hadn't even dried when the fatcat corporations started getting to work on that. Clinton helped sell us out too, man don't forget that!

Yep, NAFTA was a bad idea, to say the least.

However, Clinton still managed 20% job growth on his watch.

Popcorn Sutton 02-18-2010 07:03 PM

Quote:

Originally Posted by barryr (Post 2754605)
Thank goodness the economy is improving so much according to the left or who knows where things would be at. But keep that spending going, that'll surely bring down the debt, forget though that goes against even Economics 101.

Jobless Claims, Inflation Jump as Economy Wobbles
Published: Thursday, 18 Feb 2010 | 8:39 AM ET Text Size By: Reuters

The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economic recovery.

Initial claims for state unemployment benefits increased 31,000 to 473,000, the Labor Department said on Thursday. That compared to market expectations for 430,000.

Another report from the department showed prices paid at the farm and factory gate rose a faster than expected 1.4 percent from December after a 0.4 percent gain in December, as higher gasoline prices and unusually cold temperatures helped boost energy costs.

"When you have PPI moving up and still no progress in the jobs situation, that doesn't bode well for continued improvement in equity prices," said Alan Lancz, president at Alan B. Lancz & Associates in Toledo, Ohio.

http://www.cnbc.com/id/35457298

This is certainly not a good sign for any of us. However, you know full well there will be down months and there will be up months. You also know full well that this time last year, the US was losing 750,000 jobs a month. The sad truth of it all is you really don't care about job loss and what a dire situation this country has been in since early 2007. All you care about is trying to save face for the absolute disaster of a President we had over the previous 8 years because it fits into your political agenda.

Really, don't lecture us about Economics 101. Bush had plenty of advisers and people in his party telling him that tax cuts during war and a time of increased spending was a bad idea and he did it anyway. Now here we are several years later and no real sign of recovery or economic growth resulting from the cuts.

Go ahead, keep focusing on trashing the current administration who has had realistically a little less than a year of policy to try and turn around a country and economy in a free fall. Or, are you so ignorant that you think the first few months of the Obama administration was his fault too?

Seriously, when are you going to ask why the frivolous tax cuts are going to do some good in this country? When are the tax cuts that favored the rich going to trickle down to the rest of us? It's been several years now and nothing but increased deficit and debt. Yet, all you can do is focus on a President and administration that has only been in office for a year.

Pitiful.

Rigs11 02-18-2010 07:30 PM

Rightards like barryr do seem to be cheerleading every time something bad gets posted. Yet as usual don't have the balls to admit that this mess was dubyas or the smarts to realize that it will take more than one year to fix.

baja 02-18-2010 10:27 PM

Quote:

Originally Posted by barryr (Post 2754605)
Thank goodness the economy is improving so much according to the left or who knows where things would be at. But keep that spending going, that'll surely bring down the debt, forget though that goes against even Economics 101.

Jobless Claims, Inflation Jump as Economy Wobbles
Published: Thursday, 18 Feb 2010 | 8:39 AM ET Text Size By: Reuters

The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economic recovery.

Initial claims for state unemployment benefits increased 31,000 to 473,000, the Labor Department said on Thursday. That compared to market expectations for 430,000.

Another report from the department showed prices paid at the farm and factory gate rose a faster than expected 1.4 percent from December after a 0.4 percent gain in December, as higher gasoline prices and unusually cold temperatures helped boost energy costs.

"When you have PPI moving up and still no progress in the jobs situation, that doesn't bode well for continued improvement in equity prices," said Alan Lancz, president at Alan B. Lancz & Associates in Toledo, Ohio.

http://www.cnbc.com/id/35457298

Dude you are standing knee deep in a barrel of shiit and you are arguing who filled it up. Isn't that missing the point?

Elway777 02-19-2010 12:17 AM

Right wingers have put the United States in its worst finanal shape since the great depression . Massive spending on two wars plus the deregulation of our finnancial system have cripple our economy. Obama pretty much save the United States from going into a depression . Right wingers have blocked all effects in improve the economy and have even said they would rather the United States go unto a depression rather then helping Obama.

Popcorn Sutton 02-19-2010 07:19 AM

The question I have is hypothetical but one that I'd be real curious to hear about from barryr and others.

Say McCain won the Presidency with the fact that the Congressional Budget Office predicted 1.3 trillion dollar deficits prior to any President coming into office in 2009. As well as, job losses in the 750K per month range, imminent bank failures including but not limited to some of the largest banks in the world not to mention one of the largest insurance companies in the world (AIG). GM facing bankruptcy, the need for a surge in spending in Afghanistan, the still looming mortgage crisis and so on.

Given these factors: Where do you suppose the country would be with McCain as President? Please, I just want to know how you really feel on this topic. No need to take jabs on either side here. Just state your opinion on what would have been different and how that would have made things better or worse. Do you believe that another round of tax cuts (which we hear about every day from Republican politicians) would have done a better job getting us out of the very large recession that started in early 2007?

A follow up question: The Bush Administration cut taxes 3 times favoring the rich by percentage. I'm assuming that Reaganomics is in play when they cuts taxes like they did. So the follow is, do you believe that we have seen any sort of trickle down in the private sector from the 1.7 trillion dollars in tax cuts during the Bush Administration?

I hope to gain some insight. I guess we'll see how this goes...

TailgateNut 02-19-2010 07:28 AM

Quote:

Originally Posted by Bronx33 (Post 2754705)
I predict that excuse that will never end.

Hey Dumbass, the job market went to **** while your hero was the dictator. So you can whine all you want about others pointing out that he was the worst thing to happen to the US since Pearl Harbor.
He was a walking/ talking disaster.

TheDave 02-19-2010 08:28 AM

Quote:

Originally Posted by baja (Post 2754878)
Dude you are standing knee deep in a barrel of shiit and you are arguing who filled it up. Isn't that missing the point?

Just wanted to quote this in hopes that some people might read it again!

Blart 04-29-2013 04:06 PM

BUMP!

Rand Paul tried to warn us. Milk would be $12 a gallon after Obama's stimulus. Gold would be $10,000 an ounce. ZIMBABWE-STYLE INFLATION YOU GUYS!!!

INFLATION!

INFLAAAATIOOON

http://graphics8.nytimes.com/images/...n3-blog480.png

El Minion 04-30-2013 11:00 AM

Three years in from OP, why face reality when delusion can be bliss. I love this old bumps from the conservative doomsayers, proving them wrong is so delicious :yayaya:

http://iowadefense.files.wordpress.c...is-falling.jpg

barryr 04-30-2013 11:34 AM

Yes, the most people on food stamps and disability in the history of this country and this is considered progress. Obama is the man.

DenverBrit 04-30-2013 11:58 AM

So why aren't business hiring? They are sitting on record amounts of cash, the markets have hit all time highs and the wealthy have never been so.....wealthy!!

So it's all Obama's fault?

Not Congress? Not corporations? Not the 'job creators'?
Not the evolution of technology? Not a shortage of qualified candidates?
Not the increase in productivity? Not the political gridlock and uncertainty?

Why isn't unemployment dropping??

Rigs11 05-01-2013 01:27 PM

Quote:

Originally Posted by DenverBrit (Post 3841323)
So why aren't business hiring? They are sitting on record amounts of cash, the markets have hit all time highs and the wealthy have never been so.....wealthy!!

So it's all Obama's fault?

Not Congress? Not corporations? Not the 'job creators'?
Not the evolution of technology? Not a shortage of qualified candidates?
Not the increase in productivity? Not the political gridlock and uncertainty?

Why isn't unemployment dropping??

As obama said, he's not the young muslim socialist he used to be. Also I remember all the doomsday rightards and their inflation doomsday scenarios.

El Minion 05-02-2013 10:05 AM

Hilarious! To the OP :yayaya:

Jobless claims fall to 5-year low
By Annalyn Kurtz @AnnalynKurtz May 2, 2013: 9:46 AM ET

http://i2.cdn.turner.com/money/dam/a...0213-620xa.png
After rising as high as 670,000 during the jobs crisis, weekly jobless claims are at less than half that level.
NEW YORK (CNNMoney)

First-time claims for unemployment benefits fell to their lowest level in five years last week, signaling fewer layoffs in the economy.

About 324,000 people filed initial claims, the Labor Department said Thursday. The report was better than expected on all accounts. Economists were anticipating an increase in claims, but instead, the report showed claims had declined by 18,000 from the prior week, marking the lowest level since January 2008.

The weekly figures can be choppy, so economists often prefer to look at a four-week moving average to smooth out the volatility. That figure also declined.

The claims figures are considered a good gauge of layoffs and provide the first look at how the U.S. job market fared in any given month. During the height of the jobs crisis in 2009, claims had surged as high as 670,000 a week.

Layoffs are now back at pre-recession levels, consistent with normal churn in the job market, but hiring of new employees still remains sluggish.

A separate report, released Wednesday, showed businesses were hesitant to hire new workers in April. They added 119,000 jobs, marking the weakest month for hiring since September, according to payroll processor ADP.

The Labor Department's official jobs report is scheduled to be released Friday morning. The U.S. economy added an average of 159,000 jobs each month over the last year, and so far, it looks like April fell in line with that modest pace of hiring.

Economists surveyed by CNNMoney are expecting the report to show the economy added 140,000 jobs in April, up from 88,000 in March. They're expecting the unemployment rate to remain at 7.6%.

As of March, about 11.7 million people were still counted as unemployed. Not all of them are receiving unemployment benefits, though. About 3 million people filed for their second week or more of unemployment benefits during the week of April 20 -- the most recent data available.

houghtam 05-02-2013 10:16 AM

Quote:

Originally Posted by DenverBrit (Post 3841323)
So why aren't business hiring? They are sitting on record amounts of cash, the markets have hit all time highs and the wealthy have never been so.....wealthy!!

So it's all Obama's fault?

Not Congress? Not corporations? Not the 'job creators'?
Not the evolution of technology? Not a shortage of qualified candidates?
Not the increase in productivity? Not the political gridlock and uncertainty?

Why isn't unemployment dropping??

I dunno I was always told if we just allow corporations to make as much money as they can without any regulation, that the money would trickle down, so there must be some other excuse. My guess is it was a democrat. Porbably Obama, but possibly Carter or Clinton or maybe Pelosi.

Rigs11 05-03-2013 10:39 AM

The U.S. economy seemed to be headed for a spring slowdown this year. Then the April jobs report was released Friday morning, and now some economists are doing a double-take.

The economy added 165,000 jobs in April, according to the Labor Department. That was more than the 140,000 jobs economists expected, and it marked an improvement over March.

The even bigger story, though, came from large revisions to earlier numbers. It's a common practice for the Labor Department to revise its data for the two prior months, and this time, those revisions showed an additional 114,000 jobs were added in the U.S. economy over February and March alone.

Previously, March hiring had looked particularly weak, with only 88,000 jobs added that month. Now, the Labor Department says 138,000 jobs were added in March.

February job growth, which had already looked solid, now looks even stronger. About 332,000 jobs were added in February, making it the strongest month for hiring since the Census hired temporary workers in 2010.

http://money.cnn.com/2013/05/03/news...ort/?hpt=hp_t2

Rohirrim 05-03-2013 11:33 AM

Service jobs boom: The strongest job growth in April came from restaurants and bars, which added 38,000 jobs; temporary services, which added 31,000 jobs; and retailers, which added 29,000 jobs. On the flip side, the government is now the biggest drag on the job market. Overall, federal, state and local governments cut 11,000 jobs in April.

The bigger picture, however, remains static. About 11.7 million people remain unemployed, and the unemployment rate fell to 7.5% in April, but that's still high compared to historical levels. Before the recession hit, the unemployment rate was 4.5%.


**** jobs. That's what America can create now.

El Minion 05-03-2013 12:05 PM

http://thisfragiletent.files.wordpre...economics.jpeg

Arkie 05-03-2013 12:08 PM

Inflation is happening. I talk to the manager at the Farmer's Exchange every week. Last week, he said the prices on his shipments are going up weekly. Feed, seed, supplies are all going up faster than usual. This means the rest of us will be affected by it soon.

Blart 05-04-2013 12:21 AM

Quote:

Originally Posted by Arkie (Post 3842677)
Inflation is happening. I talk to the manager at the Farmer's Exchange every week. Last week, he said the prices on his shipments are going up weekly. Feed, seed, supplies are all going up faster than usual. This means the rest of us will be affected by it soon.

Keep buyin that gold, Ron Paul!


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