Thursday, November 1, 2012

Initial U.S. Jobless Claims Decrease by 9,000 to 363,000

http://www.bloomberg.com/news/2012-11-01/initial-jobless-claims-in-u-s-decrease-by-9-000-to-363-000.html?cmpid=yhoo




remember if it's not  -800,000 then it's positive growth.
don't let the country's nay sayers tell you the usual BS people leaving workforce seasonal the economy has been positive 30+ onths up from republican -800,000 jobs a month why would anybody leave now, common sense.
Applications for jobless benefits fell 9,000 to 363,000 in the week ended Oct. 27, the fewest in three weeks, the Labor Department reported today in Washington. Economists forecast 370,000 claims, according to the median estimate in a Bloomberg survey. Data for New Jersey and theDistrict of Columbia were estimated because those offices were closed due to Hurricane Sandy, a spokesman said as the figures were released. 
Fewer firings may mean companies are poised to boosthiring should the economy avert damage from the package of tax increases and spending cuts that will take effect next year if lawmakers fail to act. A Labor Department report tomorrow may show employers took on 125,000 workers in October, not enough to keep the jobless rate from rising to 7.9 percent from 7.8 percent, according to the Bloomberg survey median.
“Claims have been on a mildly improving trajectory,” said Gennadiy Goldberg, a U.S. strategist at TD Securities Inc. in New York who forecast the number of applications would drop to 365,000. “We’re definitely getting fewer firings, but hirings are picking up very gradually, and that’s why you’re only seeing gradual improvement in the labor market.”
don't you find it hard to believe that a party with so much negativity and pessimism can say with certainty they can turn it around on day one when it's already turning around, like those 12 million jobs Romney lays claim to already in process who ever wins. listen to Romney, Ryan and the rest they will tell you the truth after you weed through their lies, they contradict themselves daily.
Worker Productivity
The productivity of U.S. workers rose more than projected in the third quarter as companies wrung out more output from their employees in order to keep a lid on costs, another Labor Department report today showed. The measure of employee output per hour climbed at a 1.9 percent annual rate, the same as the prior quarter, and labor expenses unexpectedly dropped at a 0.1 percent pace.
getting that hmmmmmmm yet? not as bad as they tell you, they do it to turn you away from the one political truth we have in this country the Obama Admin, they have not lied or out right misled you away from what would be a path back to a path to keep their status quo