primitives discuss ballooning claims for unemployment compensation

[franksolich]

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x8974917

Oh my.

marmar  (1000+ posts)        Thu Aug-19-10 09:08 AM
THE ORANGE MARMALADE PRIMITIVE
HAS NOT YET DONATED TO THE 3rd QUARTER FUND DRIVE FOR SKINS'S ISLAND!!!
Original message

Quelle surprise !!!! Another "unexpected" spike in unemployment claims..... 

Aug. 19 (Bloomberg) -- Applications for unemployment benefits in the U.S. unexpectedly increased last week to the highest level since November, showing companies are stepping up the pace of firings as the economy slows.

Initial jobless claims rose by 12,000 to 500,000 in the week ended Aug. 14, Labor Department figures showed today in Washington. Claims exceeded all estimates of economists surveyed by Bloomberg News and compared with the median forecast of 478,000. The number of people receiving unemployment insurance fell, while those getting extended benefits increased.

A cooling economy may be discouraging employers from adding staff and prompting some to step up dismissals, raising the risk consumer spending will weaken more. The Federal Reserve said last week that the recovery would probably be “more modest” than anticipated, reflecting in part a jobless rate that’s restraining incomes.

“We’re seeing a renewed pickup in layoffs,” said Stephen Stanley, chief economist at Pierpont Securities LLC in Stamford, Connecticut. “If firms aren’t hiring it’s probably because they’re not producing. Demand will slow in the third quarter.”

Stock-index futures fell after the report, erasing earlier gains. Futures on the Standard & Poor’s 500 Index expiring next month dropped 0.3 percent to 1,083.6 at 8:43 a.m. in New York.

Estimates of the 42 economists surveyed by Bloomberg ranged from 460,000 to 495,000. The government revised the prior week’s claims figure to 488,000 from a previously reported 484,000. Initial filings last week were the highest since the week ended Nov. 14, 2009. ..............(more)

The complete piece is at: http://noir.bloomberg.com/apps/news?pid=20601087&sid=aB...

Bitwit1234  (1000+ posts)     Thu Aug-19-10 10:08 AM
HAS NOT YET DONATED TO THE 3rd QUARTER FUND DRIVE FOR SKINS'S ISLAND!!!
Response to Original message

2. And expect it to get worst as the elections approach

corporate America is not going to loose the chance to make this administration look worst. But I think the Democrats are also loosing their chance by not proposing one jobs bill after the other, with no cuts to appease the republicans. Let them obstruct it over and over and show the public just which party is holding back jobs building.

[jukin]

Thank goodness the economy is headed in the right direction under Obama's wise policies.

Clearly, government regulations, new taxes, and deficit spending are not enough to fuel a recovery.

[JohnnyReb]

Thank goodness the economy is headed in the right direction under Obama's wise policies.

Clearly, government regulations, new taxes, and deficit spending are not enough to fuel a recovery.

If we sent all the illegals home, then unemplyment would dive, wages would rise and Obama's socialist paradice would take a hit.....yep, for Obama things are right on course.

[Godot showed up]

Bitwit1234 thinks businesses are laying people off to make Obama look bad? Flat-out batshit insane. Truly.

This is so nuts--could this be a mole? Has the sound.

[thundley4]

Bitwit1234 thinks businesses are laying people off to make Obama look bad? Flat-out batshit insane. Truly.

This is so nuts--could this be a mole? Has the sound.

Yesterday Obambi commented about businesses sitting on their cash, and that they should either be hiring people or using their profits to  shore up employee pensions.  WTF??  The corporate pensions aren't the problem, it's the union pensions that are in deep sh*t, and it's the fault of the unions not the companies.

[Carl]

Yesterday Obambi commented about businesses sitting on their cash, and that they should either be hiring people or using their profits to  shore up employee pensions.  WTF??  The corporate pensions aren't the problem, it's the union pensions that are in deep sh*t, and it's the fault of the unions not the companies.

Which is scary if that is the economic knowledge of O.

[thundley4]

Which is scary if that is the economic knowledge of O.

It is, but it is also his pandering to the unions that makes him believe that.  He doesn't see the problem as being of his own creation. 

[true_blood]

Thank goodness the economy is headed in the right direction under Obama's wise policies.

Clearly, government regulations, new taxes, and deficit spending are not enough to fuel a recovery.

HA HA!!!!
Lord Zero = FAIL!!!

[AllosaursRus]

Bitwit1234  (1000+ posts)     Thu Aug-19-10 10:08 AM
HAS NOT YET DONATED TO THE 3rd QUARTER FUND DRIVE FOR SKINS'S ISLAND!!!
Response to Original message

2. And expect it to get worst as the elections approach

corporate America is not going to loose the chance to make this administration look worst. But I think the Democrats are also loosing their chance by not proposing one jobs bill after the other, with no cuts to appease the republicans. Let them obstruct it over and over and show the public just which party is holding back jobs building.

This crapola again! Hey DUmbass, maybe ya ought to take a look at the corporate donations to your PAL O'Bummer! The frikkin' DemoncRats have pretty much broke the bank with their so-called "Stimulus"! How many jobs have they created? ZILCH, ZERO, NADA!

Bummer and the dems don't need a single Repub vote to pass their crap and tax "stimulus" guano!

What am I thinkin'? Expecting honesty from a DUmpster DIver? Might as well go out in the shop and try and turn lead into gold!

O' IwannaScrewYa, just said again the repubs are "blocking stimulus! The last I heard, even they want things to improve the economy, but not without cutting spending in order to pay for it!

Repubs are tryin' like hell to convince Lord Zero that printing money is no stimulus! Even my 13 year old grand kids understand that! Kinda gives you an idea of the Zero's mentality, don't it?