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Ear to the Ground

U.S. Jobless Claims Drop

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Posted on Dec 31, 2009
Flickr / edEx

Though unemployment rates for December will be unknown till early in January, the number of applicants for unemployment benefits was lower than expected.

The Labor Department announced Thursday that fewer Americans than anticipated have filed unemployment benefit claims this month, potentially pointing to a less substantial unemployment population and maybe, just maybe, better economic growth in 2010.  —JCL

Business Week:

Fewer Americans than anticipated filed claims for unemployment benefits last week, pointing to an improvement in the labor market that will help sustain economic growth next year.

Initial jobless claims fell by 22,000 to 432,000 in the week ended Dec. 26, the lowest level since July 2008, Labor Department figures showed today in Washington. The number of people collecting unemployment insurance fell in the prior week to 4.98 million, and those receiving extended benefits jumped.

Companies are retaining staff as sales improve and production picks up. Gains in consumer spending, which accounts for 70 percent of the economy, may encourage more hiring in coming months, helping to bolster the rebound from the worst recession since the 1930s.

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DieDaily's avatar

By DieDaily, January 4, 2010 at 12:12 am Link to this comment

Even if their numbers weren’t cooked (which they are, Tarpley, Chapman, and many others put real unemployment at 21+ percent), I hope you good readers are all still seeing past the disinfo:

THE NUMBER OF UNEMPLOYMENT CLAIMS IS RISING

THE RATE OF THE RISE IS LESS THAN EXPECTED

OK, was that clear? (Sorry for shouting!) So, since this is what even this article is actually saying, why would the title be:

“U.S. Jobless Claims Drop”

Hmmmmmmmm. Inquiring minds already know. They think you’re a total idiot. You’re not, are you? You immediately perceived this slight of word, right?

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By Jim Yell, January 1, 2010 at 9:31 am Link to this comment
(Unregistered commenter)

Like the cobbled reason for invading Iraq our facts and figures for unemployment and inflation have been so compromised by cherry picking that they have become meaningless. I agree with the comment that the abiliity of unemployed to contact and get their unemployment makes it very difficult to do.

There is nothing like having only enough money for one phone call to state employment and getting an auto answer and then disconnect leaving you not enough money for a second call and no answer.

It is clear that in regards to the basics of life the inflation rate is very much higher than the official claim, so not hard to believe that the unemployment figures are suspect too. It is all about controlling PR, but the jobless will only increase.

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By GW=MCHammered, January 1, 2010 at 7:17 am Link to this comment
(Unregistered commenter)

National Strike Week

No working, buying or selling.
Get to know your neighbors instead.
$how the upper uppity, the buck stops here.

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By rollzone, December 31, 2009 at 10:42 pm Link to this comment

hello. the numbers are crooked, and the collapse coming after the holiday season will be unprecedented. make no mistake about this, we are grinding to an economic halt. the next round of foreclosures is around the corner, and everything being used to destroy Main Street is working. we have a cog in the gears. there is something blocking the teleprompter.

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By gerard, December 31, 2009 at 5:00 pm Link to this comment

“...Warren Buffett’s Berkshire Hathaway Inc. is among companies that slashed employment in 2009. The Omaha, Nebraska-based company last week said it cut 21,000 workers from its payroll amid a slump at the firm’s manufacturing and retail units. The company and its subsidiaries now have about 225,000 workers, it said in regulatory filings.”

  It would be interesting to know how many military-relatled jobs were cut in Omaha (the bit SAC base military/industrial complex/surveillance center) in 2009.  My guess would be none, but I wish I were wrong.

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By minijb, December 31, 2009 at 1:29 pm Link to this comment

Funny, because I have been trying for the past 2 months to find out why my claim
for unemployment extension hasn’t gone through.  Only problem is, no one from
EDD will return my emails or phone calls.  And forget being able to call EDD for
help, you’ll most likely get an automated message saying that they are inundated
with calls and to call back later.  For some reason, I doubt I’m the only one in this
boat.  Guessing their inefficiencies are affecting others and hence the jobless
claims are going down.  The truth isn’t always in the numbers.

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