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What a Joke U.S. Jobless Claims Drop

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posted on Aug, 11 2011 @ 11:53 AM
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Link to source


The U.S. Labor Department released a report today showing an unexpected drop in initial jobless claims in the week ended August 6, with claims dropping below the key 400,000 level. Seasonally adjusted weekly jobless claims decreased 7,000 to 395,000 from the revised previous week claims of 402,000. The preliminary insured unemployment rate in the week ending July 30 fell to 2.9% from the prior week''s unrevised rate of 3%.



You call this positive



Its nothing more then market manipulation to keep the markets from free falling, the unemployment rate is higher then 9%
edit on 11-8-2011 by Agent_USA_Supporter because: (no reason given)



cj6

posted on Aug, 11 2011 @ 11:58 AM
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Thats total bs! Ppl are losing jobs daily and cant find new ones!



posted on Aug, 11 2011 @ 12:02 PM
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Originally posted by cj6
Thats total bs! Ppl are losing jobs daily and cant find new ones!


and the markets think that is good news
for once i will be very happy when the markets close down forever


cj6

posted on Aug, 11 2011 @ 12:04 PM
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reply to post by Agent_USA_Supporter
 


lol ya like "hey 5 people in America found jobs last month...thats goooood news!"
this country is ridiculous im so sick of seeing those obviously fake statistics that are based on absolutely nothing



posted on Aug, 11 2011 @ 12:07 PM
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reply to post by Agent_USA_Supporter
 


This is positive for a long-term market outlook. When jobs are created, people become employed, they pay bills, and buy goods. It doesn't happen over night. It's a leading indicator of market growth.

People don't understand the market. It has peaks and troughs, growth and decline. The global economy is trying to establish itself for the first time (past few years) in history. Yeah the government officials calling shots are idiots, but the people still drive the boat.

Long term investors, seek alternative strategies. Look for investments with negative correlations to a traditional investment strategy. Commodities, TIPS, Real Estate, Global Infrastructure, Derivatives... Relax.

Short term investors, give up. CASH IS KING



posted on Aug, 11 2011 @ 12:09 PM
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meh, if things where as bad as some of you pretend we would all be in soup kitchen lines, not sitting at home on the net.. The world is bad enough without pretending its worse.



posted on Aug, 11 2011 @ 12:12 PM
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reply to post by mathematic
 





This is positive for a long-term market outlook. When jobs are created, people become employed, they pay bills, and buy goods. It doesn't happen over night. It's a leading indicator of market growth.


another pro obama eh,
got news for you there wont be any recovery this nothing more then market manipulation preventing them from free falling.



posted on Aug, 11 2011 @ 12:15 PM
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Originally posted by ShogunAssassins
meh, if things where as bad as some of you pretend we would all be in soup kitchen lines, not sitting at home on the net.. The world is bad enough without pretending its worse.


its worse we aren't pretending its worse its a reality, people in Europe and here dont have jobs, and some cant find them.

alot of jobs are temporarily and wont help your family.



posted on Aug, 11 2011 @ 12:21 PM
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Originally posted by Agent_USA_Supporter
reply to post by mathematic
 





This is positive for a long-term market outlook. When jobs are created, people become employed, they pay bills, and buy goods. It doesn't happen over night. It's a leading indicator of market growth.


another pro obama eh,
got news for you there wont be any recovery this nothing more then market manipulation preventing them from free falling.


Knucklehead, the response is globally. Obama is out of this round. The Euro is crumbling and concern of bank default is a global concern. The Swiss Franc caused trouble in GLOBAL markets. Concern of DEFAULT is GLOBAL. Point fingers at Obama all you want, the guy is just sweating on a golf course now because he's not even a pawn in this game.

Money doesn't just disappear from earth. Money is a valuation of wealth. Wealth transfers, it does not disappear.



posted on Aug, 11 2011 @ 12:21 PM
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reply to post by Agent_USA_Supporter
 


That's because most people are like why even bother with filing? More people get turned down for UEI then get it. So why bother?
It would be a waste of time and energy bothering with this elitist group of individuals just to get something you're entitled to and paid in for. Better you just pound the pavement to find another job or do small jobs for people in your community, like dog walking, then waste your time with the unenjoyment losers. I filed one time for unemployment, I stopped wasting my time & energy on that loser department.
edit on 11-8-2011 by ldyserenity because: spelling & to add



posted on Aug, 11 2011 @ 12:27 PM
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reply to post by mathematic
 


Most of the jobs been created in the US lately are not enough to bring families from welfare, so many that work still depend on social service,s that is not helping the economy at all just unemployment numbers.

Also, most people stop looking for jobs as nothing is available, that helps numbers, statistics in the US are sugar coated and manipulated to hide the reality of how it really works.

Still what is driving the markets today is that France yesterday reassured the investors that they are not to lose their credit rating like the US, then the EU banks are also pumping the "hopes" that they are going to work out a bailout "bandaid" to help fix "temporarily" the mess the EU and US are right now, still Germany and France said they are not going to vote for it, so the markets will be back in the negative next week if the votes the EU banks needs are not there.



posted on Aug, 11 2011 @ 12:37 PM
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I just want to add something recently found out.

Immigrants here on work visa's are not having their contracts renewed. My friend has seen 4 workers be sent home in the last month in just her facility alone. She has heard of the same thing happening elsewhere.
They (being her immigrant work mates) were told, across the board (not just in their field) because of the state of our country and the unemployment rate, that immigrants work visa apps are being denied and when contracts are up they are done here. They are opening these jobs back up for citizens, as much as they can.
This is a new trend in just the last month...
edit on 11-8-2011 by Htrowklis82 because: (no reason given)



posted on Aug, 11 2011 @ 12:38 PM
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Originally posted by mathematic
reply to post by Agent_USA_Supporter
 


This is positive for a long-term market outlook. When jobs are created, people become employed, they pay bills, and buy goods. It doesn't happen over night. It's a leading indicator of market growth.

People don't understand the market. It has peaks and troughs, growth and decline. The global economy is trying to establish itself for the first time (past few years) in history. Yeah the government officials calling shots are idiots, but the people still drive the boat.

Long term investors, seek alternative strategies. Look for investments with negative correlations to a traditional investment strategy. Commodities, TIPS, Real Estate, Global Infrastructure, Derivatives... Relax.

Short term investors, give up. CASH IS KING


That is if jobs are being created.

When somebody decides they've had enough of job hunting and they give up, they come off the books, so to speak.

If you got by the government's figures, they say unemployment is about nine percent. It is in their best interests to show a low number because it shows everyone how great a job they're doing in fixing the mess we're in.

The problem is, these numbers are skewed so badly by their reporting rules, it really doesn''t mean a hill of horsecrap.

The reality, between those who are unemployed and collecting, unemployed and not collecting, unemployed and basically have given up finding a job, and those working some piddley-assed part time job hoping to land full time . . . well the number ends up being about 17 percent.

Now, when almost one in five people are out of work . . . well that's a strong indicator that you've got problems.

But nobody gets a warm and fuzzy, an 'atta-boy', a raise, bonus or other kudo for one in five people being out of work because it means there ain't nobody getting jobs, there ain't nobody payin' bills and there ain't nobody spending money and doing all those really great economic bolstering things that job creation makes happen.

The reality is, there are fewer and fewer people employed each month and there are fewer and fewer people spending resulting in fewer and fewer people employed each month and there are fewer and fewer people spending resulting in fewer and fewer people employed each month . . .

Now we can all sit back and delude ourselves into believing that somebody's going to pull the magic rabbit out of their behinderside and all of a sudden things are going to get better, but we all know how nice that emporer's new clothes are . . . .

Bottom line is, until we all get honest with eachother and with what is going on, the sooner we will stop looking at the current state of affairs with it ain't as bad as it looks lenses and, in so doing, the sooner we will find a real, tangible and justifiable solution to this mess.

Until we all stop giving wristers to make eachother feel better and get down to businesss, things are going to keep swirling the bowl and will end up in the cesspool . . .

Just sayin'



posted on Aug, 11 2011 @ 12:39 PM
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Originally posted by Htrowklis82
I just want to add something recently found out.

Immigrants here on work visa's are not having their contracts renewed. My friend has seen 4 workers be sent home in the last month in just her facility alone. She has heard of the same thing happening elsewhere.
They (being her immigrant work mates) were told, across the board (not just in their field) because of the state of our country and the unemployment rate, that immigrants work visa apps are being denied and when contracts are up they are done here. They are opening these jobs back up for citizens, as much as they can.
This is a new trend in just the last month...
edit on 11-8-2011 by Htrowklis82 because: (no reason given)


Now that IS some good news. Now what about the ones hiring illegal immigrants?



posted on Aug, 11 2011 @ 12:40 PM
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Jobless "claims" may have dropped, but the jobless ranks are growing.

2nd



posted on Aug, 11 2011 @ 12:42 PM
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FIGURES lie and LIARS figure. There is no worst liar than a politician. It is the sum total of his job description!


The Jobless Effect: Is the Real Unemployment Rate 16.5%, 22%, or. . .?


By Pallavi Gogoi
Posted 12:00PM 07/16/10 Economy, Careers


Raghavan Mayur, president at TechnoMetrica Market Intelligence, follows unemployment data closely. So, when his survey for May revealed that 28% of the 1,000-odd households surveyed reported that at least one member was looking for a full-time job, he was flummoxed.

"Our numbers are always very accurate, so I was surprised at the discrepancy with the government's numbers,"

However, Mayur's polls continued to find much worse figures. The June poll turned up 27.8% of households with at least one member who's unemployed and looking for a job, while the latest poll conducted in the second week of July showed 28.6% in that situation. That translates to an unemployment rate of over 22%, says Mayur, who has started questioning the accuracy of the Labor Department's jobless numbers.... www.dailyfinance.com...



posted on Aug, 11 2011 @ 12:42 PM
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it is a way for the rich to say "see things are getting better find job, there out there see" denial and delusional is all i can say, the reality is no jobs and no income that is the reality, what your seeing is the Numbers of them that lost benefits, no longer report, and quite looking.



posted on Aug, 11 2011 @ 12:51 PM
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The best place to look is at


Williams' Shadow Government Statistics: Analysis Behind and Beyond Government Economic Reporting



No. 383: Dollar, Deficit and Downgrade Crises, July Employment and M3

August 7th, 2011
• Dollar Debasement Accelerates Dangerously
• U.S. Rating Downgrade Will Have Unhappy Ripple Effects
• QE3 Likely Will Be Indicated This Week
• Payroll and Unemployment Improvements Were Not Statistically Meaningful
• July Unemployment Rates: 9.1% (U.3), 16.1% (U.6), 22.7% (SGS)


So SGS (Shadow Government Statistics) is showing a REAL Unemployment rate of 22.7%

So what was the unemployment during the Great depression??

...the economy descended from essentially full employment in 1929 when the unemployment rate was 3.2 percent into massive unemployment in 1933 when the unemployment rate reached 25 percent..... San José State University
Department of Economics



posted on Aug, 11 2011 @ 12:52 PM
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reply to post by crimvelvet
 


Exactly people also forget that unemployment offices mostly report those people that receive unemployment benefits because the companies pay into the fund, most people on lower pay jobs never make it to the statistics as they do not get unemployment benefits.

Another littler dirty way to keep most unemployment numbers looking better than they really are.



posted on Aug, 11 2011 @ 12:58 PM
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reply to post by Htrowklis82
 




I just want to add something recently found out.

Immigrants here on work visa's are not having their contracts renewed. My friend has seen 4 workers be sent home in the last month in just her facility alone. She has heard of the same thing happening elsewhere.
They (being her immigrant work mates) were told, across the board (not just in their field) because of the state of our country and the unemployment rate, that immigrants work visa apps are being denied and when contracts are up they are done here. They are opening these jobs back up for citizens, as much as they can.
This is a new trend in just the last month...


And it is being FOUGHT tooth and Nail by the Big Corporations. Listen to this absolute drivel and double talk!


Microsoft, Experts Stress Need for High-Skilled Immigration in Senate Committee Hearing



....While the House Judiciary Committee focused on a very different part of immigration yesterday, its Senate counterpart held a hearing on “The Economic Imperative for Enacting Immigration Reform.” In the hearing, witnesses testified that immigration reform that makes it easier for high-skilled immigrants to come work in the U.S. is not only good policy, but an economic necessity. Brad Smith, General Counsel and Senior VP for Legal and Corporate Affairs at Microsoft testified that smart immigration reform could create more jobs for American workers, something the economy needs as our nation struggles to recover from the recession.

David Skorton, President of Cornell University, outlined the problems currently plaguing high-skilled immigration, telling the committee that times have changed, and that:

The U.S. is not always the top choice of students from Asia who are applying to graduate school in science and engineering. ..If our immigration policy causes the number and quality of international students who matriculate in STEM disciplines at U.S. universities to decline significantly, it will reduce our capacity for research, innovation, and ultimately economic growth.

Skorton went on to explain that there are not enough qualified or interested American students to fill the slots in STEM (science, technology, engineering, and mathematics) undergraduate and graduate programs and recommended streamlining the green card process for international students with STEM degrees from U.S. universities. Skorton also recommended reducing the backlog for skilled legal immigrants, enacting policies that keep families together, and passing the DREAM Act..... immigrationimpact.com...




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