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01/02/2005 06:09 PM ID: 45378 Permalink   

US Unemployment Claims Drop Surprisingly

 

In the last week, US citizens applying for unemployment aid for the first time, fell by 5,000 people. Wall Street had expected a rise in first-time unemployment claims and there was no specific reason for the drop.

All in all, 326,000 workers applied for first-time aid in the week ending Saturday, the 25th of December. The Labour Department made the report, stating also that 331,000 idled workers had applied for first-time aid the week before.

The number of people continuing to apply for unemployment aid, however, rose by 29,000 to 2.76 million. For over a year the number of Americans applying for employment aid continuously has been dropping steadily.

 
  Source: story.news.yahoo.com  
  WebReporter: NuttyPrat Show Calling Card      
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  6 Comments
  
  Funny they say that  
 
When my job was outsourced to argentina my employer said getting unenployment would be a breeze, unfortunatly they said unemployment was unavailable until mid january 2005.
 
 by: splicer   01/03/2005 11:51 PM     
  Wow, 5,000, eh?  
 
Really? 5,000 people in a country that has maybe 146,000,000 employed. Wow. George Bush should change legislator so that he can go for a third term! I mean, technically, there are 5,000 people who didn't need it! WOW...I am so freaking amazed. G.W. Bush is dah man! Think about it, in a city like Boston, (population 589,000 (non-metro)) it would mean 9 people are not looking for unemployment insurance. If this trend were to continue for the next 100 years, if we could have Bush in every year for the next 100 years, this would mean 10,800 jobs for Boston! WOW!
 
 by: jeffster   01/04/2005 12:09 AM     
  Unemployment..  
 
claims have very little bearing on the real world. There are many reasons for the drop in claims and getting a job is a minor part. They should not try to guage jobless rates this way. It's too misleading.
 
 by: lurker     01/04/2005 01:23 AM     
  @Lurker  
 
Exactly, just because some claims dropped, doesn't mean that many people are now employed, it could just mean that that many people ran out of unemployment.
 
 by: fballer23   01/04/2005 01:34 AM     
  exactly right.  
 
The Bush administration would have us believe that there are less people unemployed when those people are really about to start sleeping in their cars and on the streets.

Bad bad bad. This is kind the stuff that historically seeds revolutions.
 
 by: theironboard     01/05/2005 06:22 PM     
  unemployment rate = 5.4%  
 
In November, the unemployment rates for the major worker groups--adult men (4.9 percent), adult women (4.8 percent), teenagers (16.6 percent), whites (4.7 percent), blacks (10.8 percent), and Hispanics or Latinos (6.7 percent)--showed little or no change over the month.

UK unemployment rate = 4.2%
German unemployment rate = 10.8%
Spain unemployment rate = 10.5%
Canada unemployment rate = 7.3%
Australia unemployment rate = 5.3%

the US unemployment rate is very comparable Australia's, and other than the UK's, beats everyone the rest pretty handily. So everyone just shut up.
You want to see the reason why the unemployment rate is so high? Take a look at the highest percentage of unemployed - teenagers. These aren't the kids who are in school, these are the f'ing morons who sit around all day and night, playing video games and getting stoned. High school dropouts, kids who graduated but are "too good" to work in the service industry, etc., make up the highest percentage of the unemployed.
Bring back the Civilian Conservation Corp, put them to work cleaning up highways and forests, let them work in the National Parks, maybe they'll learn something useful there to start a career with.
 
 by: sjava     01/05/2005 08:01 PM     
 
 
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