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Surprise! Jobless Claims Up 78,000 Week After Election; PA, OH Worst Hit http://www.breitbart.com/Big-Gove...Over-75000
![]() The American people will never knowingly adopt socialism.But under the name of 'liberalism',they will adopt every fragment of the socialist program,until one day America will be a socialist nation,without knowing how it happened - Norman Thomas,6-time presidential candidate for the Socialist Party of America The federal government has taken too much tax money from the people,too much authority from the States,and too much liberty with the Constitution - R. Reagan |
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| 11-15-2012, 09:21 AM | |
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I am shocked! Who would have thought 0bama would fudge the unemployment numbers right before the election?
"If an American is to amount to anything he must rely upon himself, and not upon the State; he must take pride in his own work, instead of sitting idle to envy the luck of others. He must face life with resolute courage, win victory if he can, and accept defeat if he must, without seeking to place on his fellow man a responsibility which is not theirs.” --- Theodore Roosevelt
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the death rattle of the hard right is loud indeed.
Rumble, young man, rumble. These are interesting times we live in. Punctuation is key. Fruit is nature's candy.
http://i53.tinypic.com/ic3bqf.jpg http://3.bp.blogspot.com/-ZI0kUOu...ding_scene (1).png |
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Last edited by Radeck; 11-15-2012 at 11:45 AM.. |
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Superstorm boosts jobless claims, hits factories [foxbusiness.com]
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Let's try hard statistical facts..
New York -2241 New Jersey +5,675 So by looking at the two hardest hit states (virtually the only actually) it increased first time jobless claims by: 3434 So the next logical question is what caused the other 74,566? |
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Sandy accounts for some of it but you don't get to a ~78,000 bump counting the states hit by the storm. In fact, as noted in the DOL's news release, NY's count was reduced because they weren't able to accept claims. And some states in affected areas like PA, NC, etc., note factors other than the storm.
In any case, week-to-week data is kinda meaningless. And it works both ways. Over time, Sandy probably will end up being a net benefit to construction and some other employment numbers in hard hit states given all of the rebuilding required. STATES WITH A DECREASE OF MORE THAN 1,000 State Change State Supplied Comment CA -8,149 Fewer layoffs in all sectors, with the largest in service industry. NY -2,241 Fewer layoffs in the retail, healthcare and social assistance, and food service industries. Power outages caused by Hurricane Sandy contributed to the decrease in initial claims as state systems were unable to take claims from claimants. STATES WITH AN INCREASE OF MORE THAN 1,000 State Change State Supplied Comment PA +7,766 Layoffs in the construction, transportation, manufacturing, and the food and beverage manufacturing industries. OH +6,450 Layoffs in the automobile and manufacturing industries. NJ +5,675 Increase in initial claims due to Hurricane Sandy. These separations were primarily in the construction, accommodation and food service, transportation and warehousing, and manufacturing industries. MI +2,373 No comment. CT +1,783 Increase in initial claims are due to Hurricane Sandy. NC +1,725 Layoffs in the metal, textile, business services, furniture and fixtures, machinery, and food service industries. MD +1,499 No comment. WA +1,382 No comment. NV +1,180 Increase in initial claims due to backlog created by state holiday in prior week. |
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