Americans filing jobless claims at highest level in 8 months

[Patrick Chewing]

https://nypost.com/2022/07/21/americans-filing-jobless-claims-at-highest-level-in-8-months/?utm_source=NYPTwitter&utm_medium=SocialFlow&utm_campaign=SocialFlow


The number of Americans applying for unemployment benefits last week rose to the highest level in more than eight months in what may be a sign that the labor market is weakening.

Applications for jobless aid for the week ending July 16 rose by 7,000 to 251,000, up from the previous week’s 244,000, the Labor Department reported Thursday. That’s the most since Nov. 13, 2021 when 265,000 Americans applied for benefits.

Analysts surveyed by the data firm FactSet expected the number to come in at 242,000.

First-time applications generally reflect layoffs.

The four-week average for claims, which smooths out some of the week-to-week volatility, rose by 4,500 from the previous week, to 240,500.

The total number of Americans collecting jobless benefits for the week ending July 9 rose by 51,000 from the previous week, to 1,384,000. That figure has been near 50-year lows for months.



Oh no! How will people like MaxFly (OffTheCourt) and blade attempt to spin this as a positive? They've been bragging about this phenomenal economy for over a year. What will their explanation be for this? Course correction?

[AKA_AAP]

Those two suckers and losers will spin any narrative in favor of their political "team". But they'll never spin the trajectory of their lives to be more successful and meaningful, because that takes a centrist or conservative mindset and lifestyle.

[Off the Court]

I don't need to spin it into a positive, the article you posted already does that.

We are still near 50 year lows.

Here is more:

Despite some loss of momentum, hiring has remained robust, with 372,000 jobs created in June and a broader measure of unemployment falling to a record low. Demand for labor remains fairly strong, as well. There were 11.3 million job openings at the end of May, with nearly two job openings for every unemployed person.

[Off the Court]

Those two suckers and losers will spin any narrative in favor of their political "team". But they'll never spin the trajectory of their lives to be more successful and meaningful, because that takes a centrist or conservative mindset and lifestyle.
:roll:

Reminder that the liberals make more money than you:

https://i0.wp.com/www.brookings.edu/wp-content/uploads/2020/11/2021208_BrookingsMetro_TwoEconomies-Chart1Dec9-final.png?w=768&crop=0%2C0px%2C100%2C9999px&ssl=1

[Patrick Chewing]

I don't need to spin it into a positive, the article you posted already does that.

We are still near 50 year lows.

Here is more:

There it is!!!

Do you see what he did here, folks?? If you weren't watching closely, you may have missed it. He completely disregards the topic at hand, and instead, finds another part of the article that talks about something completely different, and puts a positive spin on it in order to drown out the original topic which is clearly negative to his political affiliations and leanings. This is how Liberals win arguments and this is how Liberals frankly dominate Republicans. Republicans are too honest to play these deceitful games. He plays the bait and switch game. Distract them over here, while I brush all the bad stuff under the rug over there.


You CANNOT fool me, MaxFly. Ever.

[Off the Court]

We added more jobs than lost and unemployment is still near 50 year low but sure that's all just a "deceitful game" :oldlol:

[bladefd]

There is nothing to spin. I did predict that a textbook recession was coming either by the end of the year or early next year. I hope I was wrong, but we will see. We are not there yet.

[JohnnySic]

:roll:

Reminder that the liberals make more money than you:

https://i0.wp.com/www.brookings.edu/wp-content/uploads/2020/11/2021208_BrookingsMetro_TwoEconomies-Chart1Dec9-final.png?w=768&crop=0%2C0px%2C100%2C9999px&ssl=1

Specious reasoning. 40-45% of people in "Biden counties" are not Biden supporters. I live in one of the bluest states. Tons of conservatives here. I see Lets go Brandon stickers on cars a lot. Rarely see Biden/Harris stickers.

[Lakers Legend#32]

NY Post

Owned by Murdoch.

Big Trump Supporter.

[Off the Court]

JohnnyHick's reasoning is based on bumper stickers :oldlol:

California alone makes up 15% of the US GDP but only conservatives make money?

If we split the country in two, blue states on one side and red states on the other, the blue side would have 3X the GDP/economy of the red side. Those deep south states aren't exactly cash cows.

[Long Duck Dong]

:roll:

Reminder that the liberals make more money than you:

https://i0.wp.com/www.brookings.edu/wp-content/uploads/2020/11/2021208_BrookingsMetro_TwoEconomies-Chart1Dec9-final.png?w=768&crop=0%2C0px%2C100%2C9999px&ssl=1

Actually they don't. Republicans make significantly more than Democrats. They are also less likely to be unemployed, have a felony conviction and mental health issues.

When Democrats use the excuse of high crime areas are mostly in Democrat strongholds because they are urban areas, Republicans can use the same excuse. The money is where the population is, so it appears that Democrats make more just because they control most urban areas.

Both Republicans and independents make more than Democrats. This is really common sense, even the most wild eyed liberal would have a hard time not choking back a lie that individual Democrats make more than Republicans.

https://dasil.sites.grinnell.edu/wp-content/uploads/2020/05/fig2.png

[Off the Court]

That chart is misleading, really the only thing it shows is that there are more democrats, especially in 2018, and yes more in poverty. The minorities.

I'll agree that there are more "poor" democrats.

But that chunk of >$100k Dems makes a lot more money than that chunk of >$100k Republicans.

Maybe Dems win on both extremes where conservatives average out in the middle better, but if we are being honest it's because of illegals and blacks.


IRS data:
IRS data shows that Democrats — not Republicans — are now the party of the rich (https://www.standingforfreedom.com/2021/04/irs-data-shows-that-democrats-not-republicans-are-now-the-party-of-the-rich/)

[Off the Court]

Everyday you fools are in here complaining about how the left is controlling everything.

But at the same time you are trying to convince us they can't make money.

Can't have it both ways.

[Long Duck Dong]

It seems these days that everyone who wants to work is working but there are not a lot of people who want to work anymore.

You'd figure the labor participation rate would be extremely low in this case but it's about the same as it was in the 70s and higher than the 50s. This conflicts with what many business owners are seeing. The youngest generation doesn't seem like they are interested in working and if they do, they aren't willing to work hard. I didn't realize that the labor participation rate does not include students, homemakers, retirees, the disabled, and the biggie...the voluntarily idle. So if you haven't worked for a while, you aren't even included in the labor participation rate. I know several people who have out-of-school kids in their early 20s who have NEVER worked. It's kinda crazy. Seems like in some households, that if you got one good income earner the rest of the family can just chill going out with friends and watching Netflix at night.

[Long Duck Dong]

That chart is misleading, really the only thing it shows is that there are more democrats, especially in 2018, and yes more in poverty. The minorities.

I'll agree that there are more "poor" democrats.

But that chunk of >$100k Dems makes a lot more money than that chunk of >$100k Republicans.

Maybe Dems win on both extremes where conservatives average out in the middle better, but if we are being honest it's because of illegals and blacks.


IRS data:
IRS data shows that Democrats — not Republicans — are now the party of the rich (https://www.standingforfreedom.com/2021/04/irs-data-shows-that-democrats-not-republicans-are-now-the-party-of-the-rich/)


It's common knowledge that small business owners significantly identify with the Republican party over the Democrat party. Like 20-30% more. Huge. That's where a good chunk of Republican wealth comes from.

What surprised even me is that CEOs support Republicans over Democrats more than 3 to1. I figured CEOs would be 50/50 or even slightly on the blue side.

Democrats need to figure out one day that at least 40% of American voters are Republican. That huge chunk of our population ain't all coming from rednecks and hillbillies :lol

[Off the Court]

https://images.csmonitor.com/csm/2020/10/1110678_1_1027-education-by%20party_large.jpg?alias=original_900

Here is why it's only going to get worse too.

Conservatives are abandoning college.

College costs too much, it is way overpriced, but the graduates earn more than the non graduates. Fair or unfair that is just how it is.

There aren't many CEOs in this country who don't have a degree hanging up on their office wall.

[Long Duck Dong]

Maybe Dems win on both extremes where conservatives average out in the middle better, but if we are being honest it's because of illegals and blacks.


I can't say for certain that would 100% get you over the hump but I'll admit it has a huge effect on the averages.

HOWEVER if I said the same thing you, or your ilk at least, would label me a "RACIST!" :lol

I'd also never be able to get a decent job/contract again if my identity was public

[Off the Court]

I can't say for certain that would 100% get you over the hump but I'll admit it has a huge effect on the averages.

HOWEVER if I said the same thing you, or your ilk at least, would label me a "RACIST!" :lol

I'd also never be able to get a decent job/contract again if my identity was public
Because all the hiring managers out there lean left? Exactly that's what I'm saying.

[Patrick Chewing]

It's common knowledge that small business owners significantly identify with the Republican party over the Democrat party. Like 20-30% more. Huge. That's where a good chunk of Republican wealth comes from.

What surprised even me is that CEOs support Republicans over Democrats more than 3 to1. I figured CEOs would be 50/50 or even slightly on the blue side.

Democrats need to figure out one day that at least 40% of American voters are Republican. That huge chunk of our population ain't all coming from rednecks and hillbillies :lol


Yup. A lot of SBO's are from other countries and you know damn well they will never vote for the Party of higher taxes and more government overreach which is the main reason they left their home country in the first place.

The other clown talking about degrees and shit. :lol

[Long Duck Dong]

Because all the hiring managers out there lean left? Exactly that's what I'm saying.

Nope. Left or right, nobody in business wants to cause waves amongst their customer base. It's well understood except amongst the entertainment industry

[Doomsday Dallas]

California alone makes up 15% of the US GDP but only conservatives make money?

California also has a middle-class that is getting completely obliterated.

[Off the Court]

https://i.insider.com/5c8ffd46124d0410872f1bbf?width=1136&format=jpeg

[Doomsday Dallas]

and Cost of living doesn't factor into that?

And Democratic Policies don't factor into cost of living?




https://meric.mo.gov/sites/meric/files/media/image/2022/06/COLI_22Q1-small.jpg

[Long Duck Dong]

California also has a middle-class that is getting completely obliterated.

Yep. Take a look at the cost of living by state. To live a middle class income(on avg) in California (preCovid/Bidenflation) you need to earn 111k per household. In Arkansas(on avg) it's 41k. But the avg household income in California is 81k and in Arkansas its 48k. Texas is pretty good
55k/64k respectively. The states with the largest middle class is 1. Utah 2. Idaho 3. NH.

So the average household income in California is a whopping 30k below the average income it takes to be middle class.

You see all those truckers trying to block roadways in California right now is because California wants to get rid of even more of the middle class. Trucking is one of the few jobs an uneducated person can make a middle class living on, yet California is trying to make it so all truckers work for large companies that can roll with their regulations, causing their already tiny middle class to shrink down even further, and consolidating it's wealth among the elites even more . No wonder that state has one of the lowest (probably the lowest by now) average IQs in the nation.

[SATAN]

Layoffs likely in the coming months.

[Long Duck Dong]

Layoffs likely in the coming months.

Pucker up boys and get ready.

Good to be in the food industry. Particularly a staple food area. People still need to eat no matter how bad the economy is. *Knocks on wood*

[AKA_AAP]

Specious reasoning. 40-45% of people in "Biden counties" are not Biden supporters. I live in one of the bluest states. Tons of conservatives here. I see Lets go Brandon stickers on cars a lot. Rarely see Biden/Harris stickers.

This. And I'd rather quote you than LowIQoffthecourt because he is nowhere near my level. Just another misleading graph, and misleading interpretation. 99% of my inner circle are moderates, centrists or conservatives. 40% of my contacts are millionaires or multi-millionaires, and maybe a couple of them are billionaires. And I, and most of my contacts, live in Southern California...

[Patrick Chewing]

Layoffs likely in the coming months.

But blade and MaxFly (OffTheCourt) told us the economy was in great shape??

[AKA_AAP]

Nope. Left or right, nobody in business wants to cause waves amongst their customer base. It's well understood except amongst the entertainment industry

Jesus Christ, LowIQoffthecourt with his typical low IQ posts. You're right LongDuck, it's because they don't want to displease their customer base...and it's almost always left leaning customers that are irrationally reactionary and unhinged. If the right leaning people made more noise, then companies would fire or not hire left leaning people. But the right don't scream enough, because they are too busy actually working instead of dying their hair blue and watching tiktoks all day.

And who are hiring managers? They aren't important. Neither are HR people in the hiring or firing process. Those people are replaceable within a couple days. If I were to work for someone, I'd just text or call a CEO contact and my "interview" would just be a formality after we work out the numbers. Only people without a solid network like LowIQoffthecourt and AlwaysWrongBladefd go through the normal process of applying for jobs. :no:

[bladefd]

But blade and MaxFly (OffTheCourt) told us the economy was in great shape??

When did I say our economy is in great shape? We have been in shutdown until 2021 summer then inflation started to increase due to supply shortages. Stock market has been hell since January. Jobs area has been great though.

[Doomsday Dallas]

https://images.csmonitor.com/csm/2020/10/1110678_1_1027-education-by%20party_large.jpg?alias=original_900

Here is why it's only going to get worse too.

Conservatives are abandoning college.

College costs too much, it is way overpriced, but the graduates earn more than the non graduates. Fair or unfair that is just how it is.

There aren't many CEOs in this country who don't have a degree hanging up on their office wall.


There aren't many conservatives begging for Student Loan Forgiveness either.

[Nanners]

There aren't many conservatives begging for Student Loan Forgiveness either.

I support student loan forgiveness of some kind... sure its not "fair" to people who didnt go to college or paid off their loans, but for me its not about fairness. Its about the fact that unless we do something to make young americans more optimistic about the future and help them understand and believe in the american dream, this country is going to continue to descend into absurdity and madness (and by american dream I mean stuff like - owning a home with a picket fence, starting a family, having an economic structure that helps individuals take control of their own destiny, etc). I think a lot of the destructive movements powered by disaffected woke youth (like ANTIFA, or the pro-abortionists, or the alphabet mafia) would lose a lot of steam if their members werent carrying so much financial baggage.

Dont get me wrong - the idea of bailing out a bunch of people who almost certainly hate me, because of their poor financial decisions, does not make me happy... but for the greater good and the future of this country, I think it is necessary.

If people think that student loan forgiveness should be coupled with some kind of reimbursement for folks who already paid their loans, or a stimulus to young people who never went to college, I am all for that... but if we dont make it easier for young people to thrive in this country, we will eventually find ourselves in a very dark place.

[n00bie]

Wonder if unemployment numbers will affect the Feds decision on rate increases.

[AKA_AAP]

I support student loan forgiveness of some kind... sure its not "fair" to people who didnt go to college or paid off their loans, but for me its not about fairness. Its about the fact that unless we do something to make young americans more optimistic about the future and help them understand and believe in the american dream, this country is going to continue to descend into absurdity and madness (and by american dream I mean stuff like - owning a home with a picket fence, starting a family, having an economic structure that helps individuals take control of their own destiny, etc). I think a lot of the destructive movements powered by disaffected woke youth (like ANTIFA, or the pro-abortionists, or the alphabet mafia) would lose a lot of steam if their members werent carrying so much financial baggage.

Dont get me wrong - the idea of bailing out a bunch of people who almost certainly hate me, because of their poor financial decisions, does not make me happy... but for the greater good and the future of this country, I think it is necessary.

If people think that student loan forgiveness should be coupled with some kind of reimbursement for folks who already paid their loans, or a stimulus to young people who never went to college, I am all for that... but if we dont make it easier for young people to thrive in this country, we will eventually find ourselves in a very dark place.

I completely understand your big picture thinking even though I don't agree with it.

The bolded part...not only do they hate you, they want government to steal from people like you and redistribute your hard earn income and labor, your valuable time, your blood, sweat, and tears, to themselves, and their democrat politicians, just for staying at home and watching TikTok's 18 hours a day while calling you a racist, fascist, a bigot, etc. They are not entitled to it. The only way to change the trajectory of their future is to change their mindset. And that's through winning the culture war. Don't bend the knee!

[Patrick Chewing]

I support student loan forgiveness of some kind... sure its not "fair" to people who didnt go to college or paid off their loans, but for me its not about fairness. Its about the fact that unless we do something to make young americans more optimistic about the future and help them understand and believe in the american dream, this country is going to continue to descend into absurdity and madness (and by american dream I mean stuff like - owning a home with a picket fence, starting a family, having an economic structure that helps individuals take control of their own destiny, etc). I think a lot of the destructive movements powered by disaffected woke youth (like ANTIFA, or the pro-abortionists, or the alphabet mafia) would lose a lot of steam if their members werent carrying so much financial baggage.

Dont get me wrong - the idea of bailing out a bunch of people who almost certainly hate me, because of their poor financial decisions, does not make me happy... but for the greater good and the future of this country, I think it is necessary.

If people think that student loan forgiveness should be coupled with some kind of reimbursement for folks who already paid their loans, or a stimulus to young people who never went to college, I am all for that... but if we dont make it easier for young people to thrive in this country, we will eventually find ourselves in a very dark place.

Good post. Partially correct on a lot of points. However, the ANTIFA crowd and company should be euthanized first before any kind of change happens. They've passed the point of no return.