Jobless Claims Jump Sharply

[L.A. BRONCOS FAN]

AP
Jobless Claims Jump Sharply
Thursday November 29, 8:48 am ET

Number of People Seeking Unemployment Benefits Rises Sharply

WASHINGTON (AP) -- The number of new people signing up for jobless benefits last week jumped sharply, suggesting that the labor market is softening as national economic activity slows.

The Labor Department reported Thursday that new applications filed for unemployment insurance rose by a seasonally adjusted 23,000 to 352,000. It was the highest level since Feb. 10.

The report surprised economists. They were forecasting claims to hold steady around 330,000.

The economy, which grew at a brisk 4.9 percent pace in the summer, is expected to slow to a pace of just 1.5 percent or less in the current October-to-December period as housing and credit troubles take their toll on consumers and businesses alike.

http://biz.yahoo.com/ap/071129/jobless_claims.html

[Hotrod]

I would have to assume since there are jobs available that people are betting on the yellow left taking control of the WH. Soon handouts will be availiable for all get in line for yours now.

[Bronco Bob]

Originally Posted by Hotrod

I would have to assume since there are jobs available that people are betting on the yellow left taking control of the WH. Soon handouts will be availiable for all get in line for yours now.

Where do you come up with this idiotic nonsense from?

[L.A. BRONCOS FAN]

Originally Posted by Hotrod

I would have to assume since there are jobs available that people are betting on the yellow left taking control of the WH. Soon handouts will be availiable for all get in line for yours now.

The handouts have already been snapped up by ExxonMobil, Halliburton, KBR, Lockheed Martin, Northrop Grumman, General Dynamics, Raytheon, G.E., and DynCorp.

Get in line (and tell your kids and their kids to do the same) to pay for them now, taxpayers.

[Hotrod]

Originally Posted by Bronco Bob

Where do you come up with this idiotic nonsense from?

There are jobs available for those that want to actually earn their way thru life.

[L.A. BRONCOS FAN]

Dueling quotes:

Originally Posted by Hotrod

There are jobs available for those that want to actually earn their way thru life.

The Labor Department reported Thursday that new applications filed for unemployment insurance rose by a seasonally adjusted 23,000 to 352,000.

(But Hotrod can personally vouch for the fact that every last one of these individuals is a slacker who doesn't want to work, right?)

[TheDave]

With the entire Housing sector in shambles... I've been wondering when this number was going to start increasing. The mortgage industry s a fracion of what it used to be, real estate agents have been hurting all year and now new construction has dropped significantly... Considering those 3 groups account for a significant percentage of U.S. employment The unemployment #'s could look really bad in the near future.

[L.A. BRONCOS FAN]

Originally Posted by Hotrod

There are jobs available for those that want to actually earn their way thru life.

But the really good jobs are availible to those who don't...

[Hotrod]

Originally Posted by L.A. BRONCOS FAN

But the really good jobs are availible to those who don't...

Whoo I thoght for a second you were going to put my picture up there

[Hotrod]

Originally Posted by L.A. BRONCOS FAN

Dueling quotes:





(But Hotrod can personally vouch for the fact that every last one of these individuals is a slacker who doesn't want to work, right?)

All branches of the US Military are currently hiring. Im just saying....

[L.A. BRONCOS FAN]

Originally Posted by Hotrod

All branches of the US Military are currently hiring. Im just saying....

Now isn't that a *coincidence?*

[W*GS]

Ooooh, jobless claims were 6% above what was expected.

100*((352000-333000)/330000) = about 6.6%.

Obviously, the US is teetering on the brink of total collapse and destruction!

[Rohirrim]

Originally Posted by L.A. BRONCOS FAN

But the really good jobs are availible to those who don't...

It's a shame he started waxing his unibrow. I think the unibrow look gave him a certain simian charm.

[Bob]

Originally Posted by Bronco Bob

Where do you come up with this idiotic nonsense from?

His response doesnt make sense to me either -- the fact is most of us do expect unemployment rates to go up -- and I am not planning to play the blame game. As inflation creeps up, and as there is less money to spend and more concern about teh economy people will likely spend less as they do (our enconomy which is built on consumption (70%) will take a big hit.

At this point the spending domino still seems strong (I dont see how it will remain so) unless we see a very steep decline in oil prices -- or some other bit of unexpected good news.

[Bob]

Originally Posted by Hotrod

There are jobs available for those that want to actually earn their way thru life.

True at this point -- we do have very low unemployment numbers -- but dont you see those numbers going up over the next year?

[Hotrod]

Originally Posted by Bob

True at this point -- we do have very low unemployment numbers -- but dont you see those numbers going up over the next year?

I see them going thru the roof once the entightlement party takes control. They will raise taxes and increase goverment freebes. Force people to lay off workers and give said workers a free ride.

[enjolras]

Originally Posted by Hotrod

I see them going thru the roof once the entightlement party takes control. They will raise taxes and increase goverment freebes. Force people to lay off workers and give said workers a free ride.

Didn't we see a large overhaul of federal welfare the last time a Democrat was in power?

[L.A. BRONCOS FAN]

Originally Posted by Hotrod

I see them going thru the roof once the entightlement party takes control. They will raise taxes and increase goverment freebes. Force people to lay off workers and give said workers a free ride.

The freebies have already been handed out to Halliburton and Bush's oil and defense industry benefactors.

And the tax increase has already been meted out in the form of your personal tab (and that of your kids and their kids) for Bush's Iraq misadventure.

[Bronco_Beerslug]

Originally Posted by Hotrod

I see them going thru the roof once the entightlement party takes control. They will raise taxes and increase goverment freebes. Force people to lay off workers and give said workers a free ride.

Republican tripe at it's best.

Of course they never mention the economy almost always improves when Democrats are in the WH.

[Bronco Bob]

Originally Posted by Bronco_Beerslug

Republican tripe at it's best.

Of course they never mention the economy almost always improves when Democrats are in the WH.

Not to mention that Bill Clinton signed legislation that puts a time limit
on how long someone can be on welfare. And surprise, when their
welfare benefits ran out, they had to get a job, and most of them did.
Where was there hero Reagan at on that? A major part of Reagan's
campaign was running against the "welfare queens". Why did it take
until Bill Clinton came into office to get them off the welfare rolls?
Think about that the next time some right winger claims the Dems
are the party of entitlements.

[spdirty]

Another problem that is tied in with illegal immigration.

[Hotrod]

Originally Posted by Bronco_Beerslug

Republican tripe at it's best.

Of course they never mention the economy almost always improves when Democrats are in the WH.

Hmm odd I'm in a better position then I was 8 years ago. I guess it all depends if your a hard working Republican or a member of the yellow entitlement party.

[L.A. BRONCOS FAN]

Originally Posted by Hotrod

Hmm odd I'm in a better position then I was 8 years ago.

So screw everybody else, eh?

That's the republican way.

[alkemical]

Originally Posted by Hotrod

Hmm odd I'm in a better position then I was 8 years ago. I guess it all depends if your a hard working Republican or a member of the yellow entitlement party.

I'm not. Some of it IS my own doing though. Other parts of it are just "that's how it shook out".

But you only get to live once, so sometimes doing crazy things are expected (at least for me!)

[Spider]

Originally Posted by spdirty

Another problem that is tied in with illegal immigration.

illegal immigration ? oh you mean civil disobedient undocumented Americans .....