Unemployment Claims Drop Sharply to 407K

[SemperFiUSMC]

Unemployment Claims Drop Sharply to 407K | Career | Mainstreet

New unemployment claims drop "sharply" to 407K. Is that really something to proud of?

 

[kevman65]

Any statement like that is deceiving. What they go by are the amount of weekly benefit claims filed. If a person has used all of their available funds for unemployment they are dropped from the rolls as if they have returned to work.

Take them with a grain of salt.

 

[Cwood]

That just means 406k ran out of benefits!

 

[Yamaha]

That just means 406k ran out of benefits!

agreed......extensions are running out for people, or you can be like me and be refused unemployment on the grounds of "The state doesn't have the money"

 

[Principal Skinr]

The key word is "New". At some point, theoretically, it would drop to nothing, if everyone was unemployed long enough. Under that scenario, would zero new unemployment claims be a thing to celebrate?

I'd still like to know the unemployment rate if they counted those who have given up trying to find a job, too.

 

[localone]

The sun times ran a article a few weeks back that stated 500 thousand + people were gonna exhauste there unemployment bennys the end of November

 

[kevman65]

The key word is "New". At some point, theoretically, it would drop to nothing, if everyone was unemployed long enough. Under that scenario, would zero new unemployment claims be a thing to celebrate?

I'd still like to know the unemployment rate if they counted those who have given up trying to find a job, too.

The article linked makes no mention of new. To the people running unemployment every week a person files is a "new" claim. When you return to work you no longer claim your unemployment. Its a play on words and a statistic both parties try to manipulate. Nothing can be based on the claim other than fewer people filed a claim for that time period. Doesn't mean they found work.

 

[Rooster Cogburn]

Not too mention the people who's unemployment has already expired, they just quit filing or those people who got part-time jobs then were laid off. Its all BS to sweep the seriousness under the rug.

 

[sadclownwp]

This is the economies way of saying the population needs to decline rapidly.

 

[Doug]

Under Obamanomics, 10-25% unemployment is the new normal.

 

[Limpy88]

That just means 406k ran out of benefits!

agree every drop in uneployment ment that ppl ran out and cant file any more. not that ppl went back to work.

 

[bman1962]

agree every drop in uneployment ment that ppl ran out and cant file any more. not that ppl went back to work.

No matter how you look at it, it's bad out there. I wonder how many folks on unemployment are just a bit too comfortable? I do know of a few that aren't going to look seriously for a job until their benefits run out.

How do you seperate the one's that won't..........from the ones that can't?

 

[localone]

How can it drop 407k When 2 million people expired there benifits as of midnight last night? HMMMMM some numbers fidgiding

 

[Cwood]

How can it drop 407k When 2 million people expired there benifits as of midnight last night? HMMMMM some numbers fidgiding

They are using the same formula that they used to say universal health care would save us money too.

 

[Principal Skinr]

The article linked makes no mention of new. To the people running unemployment every week a person files is a "new" claim. When you return to work you no longer claim your unemployment. Its a play on words and a statistic both parties try to manipulate. Nothing can be based on the claim other than fewer people filed a claim for that time period. Doesn't mean they found work.

I never said the article said this. The OP said it.