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Old 01-29-2015, 02:26 PM   #1
KevinNYC
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Default New Unemployment claims, lowest since the Clinton Adminstration

U.S. jobless claims drop to 15-year low. April 2000 was the last time we saw these numbers.

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The number of people who sought new U.S. unemployment benefits in late January fell to its lowest level in 14 years, government data showed Thursday.

Initial jobless claims declined to 265,000 in the seven days ended Jan. 24 from a revised 308,000, the Labor Department said.

The decline, the largest since November 2012, was much larger than expected.
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Old 01-29-2015, 02:29 PM   #2
KevinNYC
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Default Re: New Unemployment claims, lowest since the Clinton Adminstration

Hopefully 2015 continues like this and builds on 2014.

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2014 was America's best year of job growth since 1999

Last year was America's best year of job growth since 1999.
More than 2.95 million jobs were created last year, according to the latest figures from the Department of Labor.

It's encouraging news as the U.S. tries to put the Great Recession and sluggish recovery solidly behind it. Many economists expect 2015 to be equally as strong, if not better, for job seekers.
The unemployment rate fell to 5.6% in December, down from 5.8% in November. That's also a big drop from the 6.7% rate in December 2013. It's expected to hit 5.2% -- around the normal level -- by the end of the year, according to CNNMoney's survey of economists.
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Old 01-29-2015, 02:40 PM   #3
The Iron Sheik
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Default Re: New Unemployment claims, lowest since the Clinton Adminstration

don't you have to have had a job to get unemployment?
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Old 01-29-2015, 02:42 PM   #4
Tarik One
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Default Re: New Unemployment claims, lowest since the Clinton Adminstration

It's easier to get a job now, but still not very easy to get a decent paying job.
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Old 01-29-2015, 02:46 PM   #5
magnax1
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Default Re: New Unemployment claims, lowest since the Clinton Adminstration

The world economy slowing might be cause investors to pump money our way. The US is always see as a safe haven. That being said it just looks like we're heading to a boom while China is tapering off pretty quickly.
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Old 01-29-2015, 02:49 PM   #6
nathanjizzle
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Default Re: New Unemployment claims, lowest since the Clinton Adminstration

lets get this money my fellow americans
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Old 01-29-2015, 02:52 PM   #7
HitandRun Reggie
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Default Re: New Unemployment claims, lowest since the Clinton Adminstration

Less people are working than ever in recent history. The labor participation rate hasn't been this bad since the 70s and wages are in the gutter. They have been there since Obama took office and haven't climbed back up yet. Yet some people scratch their heads as to why the Democrat masses weren't enthused to show up to vote this last election. "Bu..b....bu..b..but....the unemployment rate!"





http://data.bls.gov/timeseries/LNS11300000
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Old 01-29-2015, 03:00 PM   #8
Patrick Chewing
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Default Re: New Unemployment claims, lowest since the Clinton Adminstration

I had to have had a job in the first place to claim unemployment.

LOL that Liberal math exposed

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Old 01-29-2015, 03:21 PM   #9
KevinNYC
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Default Re: New Unemployment claims, lowest since the Clinton Adminstration

Quote:
Originally Posted by HitandRun Reggie
Less people are working than ever in recent history. The labor participation rate hasn't been this bad since the 70s and wages are in the gutter. They have been there since Obama took office and haven't climbed back up yet. Yet some people scratch their heads as to why the Democrat masses weren't enthused to show up to vote this last election. "Bu..b....bu..b..but....the unemployment rate!"





http://data.bls.gov/timeseries/LNS11300000

Using Democrat as an adjective is the lamest form of political trolling.

The Labor participation rate was low in the 70's and is getting low again. This corresponds to a gigantic demographic bump entering prime working years and now beginning to retire that is the baby boom generation. Part of this is due to baby boomers getting ready to retire. This is probably also affecting slower growth around the world. Older folks spend less.

This also had some effect on the housing bubble starting about 15 years ago. Baby boomers in their prime earning years buying real estate.

There is obviously still slack in the economy, but that's why today's numbers are good news.
Researchers say the affects of an aging population account for about 40 to 50% of the decline in working population ratio and that is going to increase in the coming years

Last edited by KevinNYC : 01-29-2015 at 03:33 PM.
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Old 01-29-2015, 03:41 PM   #10
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Default Re: New Unemployment claims, lowest since the Clinton Adminstration

In short if you are looking the employment population ratio as an indicator of full employment, you have to understand that it would have gone down some just due to an aging population.

But yes, we are still not at full employment.
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Old 01-29-2015, 03:49 PM   #11
Droid101
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Default Re: New Unemployment claims, lowest since the Clinton Adminstration

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Originally Posted by Patrick Chewing
I had to have had a job in the first place to claim unemployment.

LOL that Liberal math exposed

If a Repub was in office, you'd be crowing about these numbers.

I wonder what the difference is?
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Old 01-29-2015, 03:52 PM   #12
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Default Re: New Unemployment claims, lowest since the Clinton Adminstration

NO! SHUT UP OP! THIS MAKES OBAMA LOOK GOOD!

Quickly, find something wrong with it!


edit: thank god, someone already found something wrong with it
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Old 01-29-2015, 04:00 PM   #13
Patrick Chewing
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Default Re: New Unemployment claims, lowest since the Clinton Adminstration

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Originally Posted by Droid101
If a Repub was in office, you'd be crowing about these numbers.

I wonder what the difference is?


You have me all wrong my friend. I'm all for accountability. Regardless of who's in office.
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Old 01-29-2015, 04:04 PM   #14
HitandRun Reggie
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Default Re: New Unemployment claims, lowest since the Clinton Adminstration

Better get a college education kids AND find a job that requires a degree because wages for both skilled and unskilled labor ain't going up anytime soon. Obama is encouraging more and more illegal aliens to come into this country and trying to legalize as many as he can because he thinks his legacy will benefit from this. But they will all work cheaper, and many cases, harder than you so you can forget about wages ever taking off. So between Mr. IRobot and Juanito the Border Crosser, your chances of wage increases are fvcked.

Obama and the minimum wage paying corporations, walking hand in hand gleefully trouncing over the American worker.

Last edited by HitandRun Reggie : 01-29-2015 at 04:07 PM.
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Old 01-29-2015, 04:07 PM   #15
Droid101
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Default Re: New Unemployment claims, lowest since the Clinton Adminstration

Quote:
Originally Posted by HitandRun Reggie
alize as many as he can because he thinks his legacy will benefit from this. But they will all work cheaper, and many cases, harder than you so you can forget about wages ever taking off.
Free market.
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