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| | |-+  U.S. jobless claims at a four year low
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Author Topic: U.S. jobless claims at a four year low  (Read 292 times)
Lіef
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« on: October 11, 2012, 10:43:50 am »
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http://www.bloomberg.com/news/2012-10-11/jobless-claims-in-u-s-fall-to-four-year-low-as-quarter-starts.html

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Applications for jobless benefits dropped 30,000 to 339,000 in the week ended Oct. 6, the fewest since February 2008, Labor Department figures showed today. Economists forecast 370,000 claims, according to the median estimate in a Bloomberg survey. One state accounted for most of the plunge in claims, a Labor Department spokesman said as the data were issued to the press.

Waning dismissals may help clear the way for bigger hiring gains with any improvement in demand. At the same time, the global economy cooling and a lack of clarity on U.S. fiscal policy are hurdles for faster gains in employment.

The report “is consistent with a labor market that is gradually getting better,” said Guy Berger, a U.S. economist at RBS Securities Inc. in Stamford, Connecticut, who had predicted a decline in claims. “Layoffs are at a low level and don’t seem to be going anywhere. Hiring is still very muted.”

Estimates for first-time claims ranged from 355,000 to 377,000 in the Bloomberg survey of 49 economists. The Labor Department revised the number of applications for the prior week up to 369,000 from a previously estimated 367,000.
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« Reply #1 on: October 11, 2012, 11:53:24 am »
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Its going to be painful to watching Romney crowing over next year's inevitable cyclical boom.
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« Reply #2 on: October 11, 2012, 12:22:06 pm »
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What level were applications for benefits before the crash?
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Lіef
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« Reply #3 on: October 11, 2012, 01:50:05 pm »
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What level were applications for benefits before the crash?

Before the Lehman Crash, it was in the 400,000 range. We haven't been at this level since the first quarter of 2008.
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« Reply #4 on: October 11, 2012, 01:56:20 pm »
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Its going to be painful to watching Romney crowing over next year's inevitable cyclical boom.

That would be just awful.
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opebo
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« Reply #5 on: October 11, 2012, 06:22:58 pm »
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Its going to be painful to watching Romney crowing over next year's inevitable cyclical boom.

That would be just awful.

Look for it! That's america!
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Lіef
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« Reply #6 on: October 11, 2012, 07:30:52 pm »
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Republicans break everything, Democrats spend their entire term fixing everything, Republicans break everything all over again. Over and over again until we're nuked by China.
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