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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (131643)	5/3/2012 9:08:05 AM
From: TideGlider	4 Recommendations Read Replies (1) \| Respond to of 224757

You are so full of it! Who told you that? Millions of People left the workforce and unemployment is still at terrible highs. DATA SNAP: US Jobless Claims -27K In April 28 Week Last update: 5/3/2012 8:30:00 AM By Jeffrey Sparshott and Eric Morath Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The number of U.S. workers filing new applications for unemployment benefits fell to its lowest level in a month last week, a hopeful sign for a labor market that has shown signs of weakening. Initial jobless claims dropped by 27,000 to a seasonally adjusted 365,000 in the week ended April 28, the Labor Department said Thursday. Economists surveyed by Dow Jones Newswires had forecast 378,000 new claims. It was the biggest fall since May 2011 and follows three weeks of disappointingly high readings. The prior week's claims were revised to 392,000--the highest since late November--from the initially reported 388,000. The four-week moving average of claims, which smoothes out week-to-week volatility, increased by 750 to 383,500. After a strong start to the year, the U.S. economy has been flashing mixed signals. Interpreting the data has been complicated by an unseasonably warm winter. In March, U.S. employers added 120,000 nonfarm jobs, half of what they added in February. The Labor Department releases April's payroll numbers Friday--analysts forecast the addition of 168,000 jobs and a steady unemployment rate at 8.2%. The Federal Reserve, charged with maintaining price stability and achieving maximum employment, last week forecast that the unemployment would fall to somewhere between 7.8% and 8.0% by the end of this year, and 7.3% to 7.7% next year. If the labor market doesn't improve, the Fed could reconsider measures to stimulate the economy. "If unemployment looks like it's no longer making progress, that will be an important consideration in thinking about policy options," Fed Chairman Ben Bernanke said last week. Thursday's report showed the number of continuing unemployment benefit claims--those drawn by workers for more than a week--decreased by 53,000 to 3,276,000 in the week ended April 21. Continuing claims are reported with a one-week lag. The unemployment rate for workers with unemployment insurance for the week ended April 21 was unchanged at 2.6%. A Labor Department economist said there was nothing unusual in the latest data. The Labor Department report on jobless claims can be accessed at: dol.gov. --By Jeffrey Sparshott and Eric Morath; Dow Jones Newswires; 202-862-9291; jeffrey.sparshott@dowjones.com (END) Dow Jones Newswires May 03, 2012 08:30 ET (12:30 GMT)

To: Kenneth E. Phillipps who wrote (131643)	5/3/2012 9:14:56 AM
From: locogringo	5 Recommendations Read Replies (2) \| Respond to of 224757

The 86 million invisible unemployed There are far more jobless people in the United States than you might think. While it's true that the unemployment rate is falling, that doesn't include the millions of nonworking adults who aren't even looking for a job anymore. And hiring isn't strong enough to keep up with population growth. As a result, the labor force is now at its smallest size since the 1980s when compared to the broader working age population. Job market dropouts It's a worrisome sign for the economy and partly explains why the unemployment rate has been falling recently. Only people looking for work are considered officially unemployed. Jason Everett, for example, wouldn't be counted. Out of work for nearly three years now, Everett has given up his job search altogether. <more> finance.yahoo.com

To: Kenneth E. Phillipps who wrote (131643)	5/3/2012 10:27:14 AM
From: locogringo	2 Recommendations Respond to of 224757

The stock market likes those numbers. Obama's poll numbers will respond positively. OK, troll, if you say so. People with brains disagree with you. Dow down -47 Jobs Report Preview: Traders Fear Evidence of a Downtrend finance.yahoo.com