ShortNews
+ + + 3 BRANDNEW NewsTickers for your Website! + + + easy configurable in less than 1 Minute + + + GET'EM NOW! + + +

   Home | Join | Submit News | MyShortNews | HighScores | FAQ'S | Forums Chat | 0 Users Online   
   
                 07/30/2014 01:10 PM  
  ShortNews Search
search all Channels
RSS feeds
   Top News Economy
China Supplier Sold McDonald´s, KFC, Others Expired Beef and Chicken
Russia Plans to Build Gas Pipeline Along Its Southern Border to India
more News
out of this Channel...
  ShortNews User Poll
Do you think the U.S. should do more to counter Russian aggression in Ukraine?
  Latest Events
07/30/2014 12:40 PM
edie receives 100 Points for News Submission of 'Quentin Tarantino Confirms New Projects: "The Hateful Eight", "Kill Bill: The Whole Bloody Affair"'
07/30/2014 12:26 PM
mbartnz receives 20 Points for Comment about 'Study: Global Water Shortage by 2040'
07/30/2014 12:23 PM
mbartnz receives 20 Points for Comment about 'Hillary Clinton Regrets Saying She and Bill "Were Dead Broke" When They Left the White House'
07/30/2014 12:12 PM
edie receives 100 Points for News Submission of 'Software Developer Proposes to Girlfriend With a Smartphone App He Created Himself'
07/30/2014 11:46 AM
edie receives 100 Points for News Submission of 'EU to Impose New Russia Sanctions'
07/30/2014 11:15 AM
edie receives 100 Points for News Submission of 'Study: Global Water Shortage by 2040'
07/30/2014 10:33 AM
edie receives 100 Points for News Submission of 'Florida Health Officials Warn Beach-Goers of Flesh-Eating Bacteria'
07/30/2014 10:06 AM
edie receives 100 Points for News Submission of 'Hillary Clinton Regrets Saying She and Bill "Were Dead Broke" When They Left the White House'
07/30/2014 05:14 AM
edie receives 20 Points for very good Assessment of 'Dog Passes Out From Excitement During Happy Reunion With Owner'
07/30/2014 05:14 AM
coronado receives 20 Points for very good Assessment of 'Spider-Man Punches Cop During Arrest'
  1.120 Visits   4 Assessments  Show users who Rated this:
Quality:Very Good
Back to Overview  
10/28/2010 06:17 PM ID: 86039 Permalink   

Sharp, Unexpected Drop in U.S. Unemployment Claims

 

In an unexpected development, first-time unemployment claims dropped for the second week in a row, this time by 21,000. Seasonally adjusted, there were 434,000 claims for the week ending Oct. 23.

That is the lowest number of claims for any week this year excluding the week ending July 10, which contained the Independence Day holiday when state offices were closed. Claims have been around 450,000 per week all year long.

An economist at Moody´s Analytics said that while the development is promising, it will not signify an improvement in the labor market unless it continues in the weeks ahead. The October jobs report will be released Nov. 5.

 
  Source: news.yahoo.com  
    WebReporter: Ben_Reilly Show Calling Card      
  Recommendation:  
ASSESS this news: BLOCK this news. Reason:
   
  7 Comments
  
  BS  
 
only because people are running out of extensions !!!
 
  by: mikkitaz   10/28/2010 07:17 PM     
  @mikkitaz  
 
It would be pretty weird if first-time applicants for unemployment were running out of extensions, wouldn´t it?
 
  by: Ben_Reilly     10/28/2010 07:20 PM     
  @Ben_Reilly  
 
All this means is less jobs were lost this month, probably due to it being the holiday season, which is the same every year.

@mikkitaz
This relates to new claims, not unemployment rate, which yes would be skewed. Real unemployment for able bodied adults is over 30%. They just only count people receiving benefits when citing unemployment rates on most media outlets.
 
  by: Tetsuru Uzuki     10/28/2010 07:39 PM     
  There are plenty of McJobs to go around!  
 
America is slowly becoming a 3rd world state and instead of good high paying jobs, more and more people are resorting to working 2 or 3 McJobs... Its like a return to the 19th century in terms of working hours for people that are not white collar.
 
  by: slavefortheman     10/28/2010 07:52 PM     
  Me thinks TU is on it...  
 
Seasonal hiring. The retail market is already hiring for the holiday season. Between Halloween and Christmas they are the biggest retail holidays of the year.

http://flowingdata.com/...

After the xmas selling season the layoff will more than make up for the difference.
 
  by: valkyrie123     10/29/2010 03:40 AM     
  As....  
 
we all knew that dear old Bush had put America through the grinder and was the cause of so much unrest throughout this world. How on earth does anyone expect anything to improve by now.

Poor old Bush was on TV here last night, now admitting he had made mistakes, maybe he will be back running things soon as all will be forgiven.

Funny how people have such a short memory!

You can´t cover a gaping big hole with a tiny plaster, it will take a hell of a lot more than that.
 
  by: captainJane     10/29/2010 11:33 AM     
  Unexpected?  
 
Why would it be unexpected drop when every year at this time temp hiring takes place. This article almost makes one believe we are on our way to some sort of recovery.
 
  by: hellblazer     10/31/2010 08:23 PM     
 
 
Copyright ©2014 ShortNews GmbH & Co. KG, Contact: info@shortnews.com