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unemployment up

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hopalong

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Despite oldtimers claim that all is well because of black friday's sucessful numbers, unemployment claims go up at a time that is usually a time they go down because of companies hiring temporary help for the holidays


http://news.yahoo.com/u-jobless-claims-rise-6-000-latest-week-133529121.html
 
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Anonymous

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Unemployment falls to 8.6 percent; economy adds 120,000 jobs

By Vicki Needham and Ian Swanson - 12/02/11 09:50 AM ET

Unemployment dropped to 8.6 percent in November, its lowest level in nearly three years.

The steep drop — the jobless rate was 9 percent a month ago — is good news for Democrats and President Obama, who is counting on a recovering economy to help him win a second term.


The nation’s economy added 120,000 jobs in November, with the private sector adding 140,000. In another sign of a recovering market, September numbers were revised upward to 210,000 from 158,000, while October figures were revised from 80,000 to 100,000 gained.

It is the third straight month that the Labor Department figures have been revised to show a better-than-expected performance; the economy added 72,000 more jobs in the past two months than initially estimated.


http://thehill.com/blogs/on-the-money/801-economy/196805-jobless-rate-falls-to-86-percent-economy-adds-120000-jobs


Montana's unemployment rate down to 7.6 percent
More from BusinessWeek
HELENA, Mont.

The state Department of Labor says Montana's unemployment rate fell to 7.6 percent in October, marking the second consecutive month with a one-tenth of a point reduction.

Most eastern Montana Counties are around or under 5%- with several under 3%.. Last I saw- ND was under 3.5% for the entire state...
 

hypocritexposer

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The unemployment rate fell significantly because 315,000 people stopping looking for work and aren't considered as part of the unemployed.

http://thehill.com/blogs/on-the-money/801-economy/196805-jobless-rate-falls-to-86-percent-economy-adds-120000-jobs
 
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Anonymous

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hypocritexposer said:
The unemployment rate fell significantly because 315,000 people stopping looking for work and aren't considered as part of the unemployed.

http://thehill.com/blogs/on-the-money/801-economy/196805-jobless-rate-falls-to-86-percent-economy-adds-120000-jobs

They apparently don't want one very bad if they been out of work that long- when in some areas they are hiring anyone that is breathing...
 

MsSage

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Oldtimer said:
hypocritexposer said:
The unemployment rate fell significantly because 315,000 people stopping looking for work and aren't considered as part of the unemployed.

http://thehill.com/blogs/on-the-money/801-economy/196805-jobless-rate-falls-to-86-percent-economy-adds-120000-jobs

They apparently don't want one very bad if they been out of work that long- when in some areas they are hiring anyone that is breathing...
EXCUSS ME??????? I know my Dad was out of work for over a year. he qualified for retraining after a year and went to school to be a pharmacy technician. With all the college he had it only took 2 semesters and he has another 4 year degree LOL Now along with his 3 other and masters and job history of IBM for 32 years. 12 patents which he owns outright and too many to count as co-owner with IBM. He has given his job the best he has to offer and works harder than anyone I know. This is the man who at 70 got his CDL and drove local till the sand pits closed. For you to say he didnt want one that bad is an insult to him and all the others like him looking for work. Just because someone wont move ...have you even tried to figure ou the cost of moving? How about the cost of temp housing where the jobs are? Dont forget you still have bills where you were.
Quit talking out your a$$ and think before you post.
 

Larrry

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Oldtimer said:
hypocritexposer said:
The unemployment rate fell significantly because 315,000 people stopping looking for work and aren't considered as part of the unemployed.

http://thehill.com/blogs/on-the-money/801-economy/196805-jobless-rate-falls-to-86-percent-economy-adds-120000-jobs

They apparently don't want one very bad if they been out of work that long- when in some areas they are hiring anyone that is breathing...


That is an awful assumption based on "some areas"
You do live in your own little obama cacoon don't you.
So what is 315,000 minus 120,000__________
 

hypocritexposer

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One day OT writes that the "Bush Bust" will last 10 years and then the next he states that those that leave the job market, "don't want to work"

:roll:
 

hypocritexposer

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Unemployment Decline To 8.6%: A Statistical Fluke?

Posted 07:05 PM ET

Jobs: Americans woke up Friday to the good news that the unemployment rate had dropped sharply from 9% to 8.6%. On closer inspection, the decline is highly questionable — and doesn't warrant a surge in optimism.

The White House hailed the news as "further evidence that the economy is continuing to health" and proving the $447 billion stimulus proposal "is the right medicine" for what ails us. Some in the media likewise saw good news, with headlines such as the Boston Globe's "Unemployment Drops To Lowest Since 2009."

We're not trying to be Grinches, but the decline in the unemployment rate is highly suspect for many reasons.

The number is derived from a huge survey of 60,000 households the government takes each month. In November, the survey showed the labor force shrank by 315,000. That shrinkage makes the unemployment rate look a lot better than it is.

This is questionable because in the previous three months, the labor force increased by 323,000 workers on average. Statistically, a one-month reversal in the size of the workforce of more than 600,000 people just doesn't make sense — unless an awful lot of people threw up their hands in disgust and quit looking.

And that's what seems to be the case. The labor participation rate declined to 64% from 64.2% a month before. Usually, it rises when jobs are growing as people rejoin the labor force.

"Some of the decline relates to the aging of the U.S. population, but a substantial portion of the decline reflects the lack of well-paying jobs, and it (is) driving people from the labor force, discouraged," wrote economist Anthony Crescenzi of bond giant Pimco.

That is not good news.
mp3Subscribe to the IBD Editorials Podcast

Looking at other data, both public and private, shows why that is true.

Take the number of net new jobs businesses create in a given month. For November, it was 120,000 — weak by any measure. Over time, we need to create 130,000 new jobs each month just to soak up new entrants into the workforce.

At the current rate, it will take until May 2016 just to regain the number of jobs we had in 2008 (see chart).

Weekly claims for unemployment benefits, another government measure, rose 6,000 to a seasonally adjusted 402,000 after remaining below 400,000 for three weeks in a row, the Labor Department said Thursday.

This is significant, since government and Wall Street economists say jobless claims must fall below 375,000 and stay there to make a real dent in unemployment.

And there are private measures of unemployment that still show deep distress across the country when it comes to jobs.

Take the Gallup "underemployment" survey, which the polling firm has been taking dutifully for decades. It shows underemployment — the share of workers without jobs plus the share working part time but wanting full-time work — hit 18.1% in November, up from 17.5% just two months ago and 17.2% a year earlier.

Our own IBD/TIPP Poll estimates that nearly 25% of all households have someone who's unemployed and looking for work — roughly 32 million Americans.

We're happy that 120,000 people found jobs in November. But this is no real jobs recovery.

We can do a lot better. Sadly, those in charge in the White House seem to think this is good enough.

http://news.investors.com/Article/593661/201112021905/unemployment-decline-masks-drop-in-workforce.htm
 
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Anonymous

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The other day I heard some folks, that every year about now get their seasonal layoff, griping that with all the work around here they may have to work all winter and will miss their normal winter of spending their time ice fishing ...
 

Larrry

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Oldtimer said:
The other day I heard some folks, that every year about now get their seasonal layoff, griping that with all the work around here they may have to work all winter and will miss their normal winter of spending their time ice fishing ...

WTF.. was that in a secret meeting with obamas cabinet or a meeting with all the drunks down at the waterin hole.



So what is 315,000 minus 120,000__________

We aren't fooled by oldwindbag and his cherry-picked statistics
 

Tam

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Oldtimer said:
hypocritexposer said:
The unemployment rate fell significantly because 315,000 people stopping looking for work and aren't considered as part of the unemployed.

http://thehill.com/blogs/on-the-money/801-economy/196805-jobless-rate-falls-to-86-percent-economy-adds-120000-jobs

They apparently don't want one very bad if they been out of work that long- when in some areas they are hiring anyone that is breathing...

Oldtimer the problem with the areas you are talking about people are also living in their cars or tents in city parks. Living is a tent or car might be something a single guy might do for a SHORT TIME but would you move your family to a new area when you know you are not going to find a place to call home. :roll:
 
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Anonymous

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Tam said:
Oldtimer said:
hypocritexposer said:
http://thehill.com/blogs/on-the-money/801-economy/196805-jobless-rate-falls-to-86-percent-economy-adds-120000-jobs

They apparently don't want one very bad if they been out of work that long- when in some areas they are hiring anyone that is breathing...

Oldtimer the problem with the areas you are talking about people are also living in their cars or tents in city parks. Living is a tent or car might be something a single guy might do for a SHORT TIME but would you move your family to a new area when you know you are not going to find a place to call home. :roll:

When you can make $12,000-clear $10,000 a month (and in many cases board and room are furnished) - you can leave your family home and send them money... Many have been doing it in the Alaska and Canadian oil patchs for years...

Thing is- you don't have to live in the middle of the patch...I know many that live in Glasgow-- even some that live in Miles City, Havre, and Chinook- work 4 12's- then come home for 3 days...Live in company provided mancamps when working- and don't pay for a thing unless they buy a 6 pack in the evening...

Or you can be like Sage said to do- stay in Texas, whine and draw retraining money and unemployment from the taxpayers... (I can't believe our government is spending $ retraining 70 year olds?)...
 

Tam

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Oldtimer said:
Tam said:
Oldtimer said:
They apparently don't want one very bad if they been out of work that long- when in some areas they are hiring anyone that is breathing...

Oldtimer the problem with the areas you are talking about people are also living in their cars or tents in city parks. Living is a tent or car might be something a single guy might do for a SHORT TIME but would you move your family to a new area when you know you are not going to find a place to call home. :roll:

When you can make $12,000-clear $10,000 a month (and in many cases board and room are furnished) - you can leave your family home and send them money... Many have been doing it in the Alaska and Canadian oil patchs for years...

Or you can be like Sage said to do- stay in Texas, whine and draw retraining money and unemployment from the taxpayers... (I can't believe our government is spending $ retraining 70 year olds?)...

You really are a fool Oldtimer if you think hundreds of lonely men living in man camps, vehicles and tents is a good way to keep a family strong and a community safe.. :roll:
 
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Anonymous

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Tam said:
Oldtimer said:
Tam said:
Oldtimer the problem with the areas you are talking about people are also living in their cars or tents in city parks. Living is a tent or car might be something a single guy might do for a SHORT TIME but would you move your family to a new area when you know you are not going to find a place to call home. :roll:

When you can make $12,000-clear $10,000 a month (and in many cases board and room are furnished) - you can leave your family home and send them money... Many have been doing it in the Alaska and Canadian oil patchs for years...

Or you can be like Sage said to do- stay in Texas, whine and draw retraining money and unemployment from the taxpayers... (I can't believe our government is spending $ retraining 70 year olds?)...

You really are a fool Oldtimer if you think hundreds of lonely men living in man camps, vehicles and tents is a good way to keep a family strong and a community safe.. :roll:

Tam- you selectively left this part of my post out :

Thing is- you don't have to live in the middle of the patch...I know many that live in Glasgow-- even some that live in Miles City, Havre, and Chinook- work 4 12's- then come home for 3 days...Live in company provided mancamps when working- and don't pay for a thing unless they buy a 6 pack in the evening...


And hundreds of the jobs open- are in towns all over the state to replace all the locals that did take jobs in the patch... Mechanic jobs everywhere...Some Ag and vehicle shops are even offering training.. Even many of the patch support jobs- aren't right in the middle of it...One firm is trucking fracing sand from Wolf Point where its unloaded- to the old Base where its being stored....
Several new rail ports and sidings being put in- 100+ miles from Williston...
 
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Anonymous

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Larrry said:
ot you are trying to divert the attention off of the nationwide unemployed.

Nope- just saying that if a lot of these unemployed really want to work- and are man/woman enough to live in this countries climate-- there are lots of open jobs to be filled...
But you might not get to stay in Texas with Toto.. :wink: Or was that Kansas :p
 

Larrry

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And the jobs there are inconsequential in the whole scheme of the unemployed in the US even if you bussed in loads of people. A drop in the bucket
 

Tam

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Oldtimer said:
Tam said:
Oldtimer said:
When you can make $12,000-clear $10,000 a month (and in many cases board and room are furnished) - you can leave your family home and send them money... Many have been doing it in the Alaska and Canadian oil patchs for years...

Or you can be like Sage said to do- stay in Texas, whine and draw retraining money and unemployment from the taxpayers... (I can't believe our government is spending $ retraining 70 year olds?)...

You really are a fool Oldtimer if you think hundreds of lonely men living in man camps, vehicles and tents is a good way to keep a family strong and a community safe.. :roll:

Tam- you selectively left this part of my post out :

Thing is- you don't have to live in the middle of the patch...I know many that live in Glasgow-- even some that live in Miles City, Havre, and Chinook- work 4 12's- then come home for 3 days...Live in company provided mancamps when working- and don't pay for a thing unless they buy a 6 pack in the evening...


And hundreds of the jobs open- are in towns all over the state to replace all the locals that did take jobs in the patch... Mechanic jobs everywhere...Some Ag and vehicle shops are even offering training.. Even many of the patch support jobs- aren't right in the middle of it...One firm is trucking fracing sand from Wolf Point where its unloaded- to the old Base where its being stored....
Several new rail ports and sidings being put in- 100+ miles from Williston...

You were talking about man camps and I responded to your comment about guys living in Man Camps and somehow I SELECTIVELY left out the part I commented about. :roll:

Do yourself a favor look at the crime rates in Williston with the increase of man camps. Rape has gone up in Williston so don't try tell us the guys are having their six packs and falling fast asleep like good little boys. I have also heard about the horrible drug problems in the camps so not all of the guys are buying six packs Oldtimer. :roll: The more people that move in the more small towns will be effected by the lonely men with a pocket full of money.

BTW What do you think the divorce rate is in the oil patch Oldtimer? In Canada, Alberta had the highest divorce rate a few years ago and why do you think that was Oldtimer? I guessing drunk and drugged up men living in man camps doing whatever they have to to get through the long lonely nights while their wives are living alone raising the family.
 

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