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Author Topic: Jobless claims down sharply (down 94,000)  (Read 1510 times)

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Offline Wretched Excess

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Jobless claims down sharply (down 94,000)
« on: December 31, 2008, 10:38:26 AM »
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Jobless claims down sharply
Filings ease in Christmas week to below the 500,000 level, backing away from 26-year high.

NEW YORK (CNNMoney.com) -- The number of Americans filing for first-time unemployment benefits fell sharply last week, according to a government report released Thursday, as a year filled with layoffs and income cuts draws to a close.

The Labor Department said initial filings for state jobless benefits fell to 492,000 for the week ended Dec. 27, a decline of 94,000 from the 26-year high of 586,000 claims a week earlier.

Economists were expecting jobless claims to slip to 575,000, according to a consensus survey by Briefing.com.

It's the first time claims were below 500,000 since the week ended Nov. 1, when the government reported 481,000 initial claims. So far this year, job losses have totaled 1.9 million.

The prior week, which ended Dec. 20, saw the highest number of jobless claims since Nov. 27, 1982, when initial filings hit 612,000.

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this thing had better not improve before The Obamassiah takes office and heals the planet, dammit. :censored:
« Last Edit: December 31, 2008, 10:42:10 AM by Wretched Excess »
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Offline DixieBelle

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Re: Jobless claims down sharply
« Reply #1 on: December 31, 2008, 10:41:08 AM »
They will just call it the Messiah Effect and say his impending inaguration is the cause.
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I can see November 2 from my house!!!

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Offline Wretched Excess

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Re: Jobless claims down sharply
« Reply #2 on: December 31, 2008, 10:44:14 AM »
Quote from: DixieBelle on December 31, 2008, 10:41:08 AM
They will just call it the Messiah Effect and say his impending inaguration is the cause.

well, have you noticed how cold it is lately?  can there be any doubt?  and you don't see any horror stories about the iraq war now?  can there be any doubt?
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