First-time unemployment claims rose to 516,000 last week, the most since September 2001

[Mani]

Originally posted by: Wheezer

First-time unemployment claims rose.

Claims is the key.

It does not mean people are out of work, it does not mean they are collecting, it does not mean that they are entitled.

#1 how many people filing for unemployment were fired (fired= no unemployment) from their jobs for any number of reasons....showing up drunk, wrecking a company vehicle for the 10th time, telling the boss to fuck off when asked why they did not show up for work, busted playing hooky too much etc, etc, etc. You do not know.

#2 the fact that they applied does not mean they are out of work...it means they filed. It means that even though they are filing for unemployment they might be working under the table for someone making 15-20/hr doing home improvement, driving cars for a local car dealer from place to place, doing computer work on the side...etc. you don't know

#3 what is the deadline for the reporting of unemployment figures and how many people within that window are back to work? you don't know.

what you do know, and all you know is the figures that are being reported, in the press...and without further analysis those numbers mean nothing.

Lemme guess...you think the fundamentals of the economy are strong?

 

[Wheezer]

Originally posted by: Mani

Originally posted by: Wheezer

First-time unemployment claims rose.

Claims is the key.

It does not mean people are out of work, it does not mean they are collecting, it does not mean that they are entitled.

#1 how many people filing for unemployment were fired (fired= no unemployment) from their jobs for any number of reasons....showing up drunk, wrecking a company vehicle for the 10th time, telling the boss to fuck off when asked why they did not show up for work, busted playing hooky too much etc, etc, etc. You do not know.

#2 the fact that they applied does not mean they are out of work...it means they filed. It means that even though they are filing for unemployment they might be working under the table for someone making 15-20/hr doing home improvement, driving cars for a local car dealer from place to place, doing computer work on the side...etc. you don't know

#3 what is the deadline for the reporting of unemployment figures and how many people within that window are back to work? you don't know.

what you do know, and all you know is the figures that are being reported, in the press...and without further analysis those numbers mean nothing.

Lemme guess...you think the fundamentals of the economy are strong?

it is impossible to state that that figure is comprised of an entire group of people who deserve to collect unemployment.

you can only collect when you have lost your job through no fault of your own.

-job goes overseas
-your place of work closes
-you are laid off.

that does not meant you cannot apply, and that certainly does not stop people from trying to collect....and guess what...as son as you fill out the form and submit it you are now a statistic....even if you do not deserve to collect unemployment because you are a moron and can't show up for work.

which means that you are one of the many that is calculated into that figure.

SO, how many people in that grand number are actually collecting?

How many are entitled to collect?

How many are trying to collect and still work another job under the table which is against the law?

Without that data it is incorrect to assume that the total figure is for legitimate claims for unemployment.

So what, according to you last week there just happened to be a lot more drunks then normal?

Your points don't mean anything, since they would still be 'valid' every other week.

no shit...that is my entire point...you can never really get an accurate account of who is legit and who is not....you gonna depend on the press?....the government?

neither one of those is a credible source for unemployment figures....and they will only tell you what they want you to know.

figures lie and liars figure.

 

[mugs]

Originally posted by: Wheezer

Originally posted by: Mani

Originally posted by: Wheezer

First-time unemployment claims rose.

Claims is the key.

It does not mean people are out of work, it does not mean they are collecting, it does not mean that they are entitled.

#1 how many people filing for unemployment were fired (fired= no unemployment) from their jobs for any number of reasons....showing up drunk, wrecking a company vehicle for the 10th time, telling the boss to fuck off when asked why they did not show up for work, busted playing hooky too much etc, etc, etc. You do not know.

#2 the fact that they applied does not mean they are out of work...it means they filed. It means that even though they are filing for unemployment they might be working under the table for someone making 15-20/hr doing home improvement, driving cars for a local car dealer from place to place, doing computer work on the side...etc. you don't know

#3 what is the deadline for the reporting of unemployment figures and how many people within that window are back to work? you don't know.

what you do know, and all you know is the figures that are being reported, in the press...and without further analysis those numbers mean nothing.

Lemme guess...you think the fundamentals of the economy are strong?

it is impossible to state that that figure is comprised of an entire group of people who deserve to collect unemployment.

you can only collect when you have lost your job through no fault of your own.

-job goes overseas
-your place of work closes
-you are laid off.

that does not meant you cannot apply, and that certainly does not stop people from trying to collect....and guess what...as son as you fill out the form and submit it you are now a statistic....even if you do not deserve to collect unemployment because you are a moron and can't show up for work.

which means that you are one of the many that is calculated into that figure.

SO, how many people in that grand number are actually collecting?

How many are entitled to collect?

How many are trying to collect and still work another job under the table which is against the law?

Without that data it is incorrect to assume that the total figure is for legitimate claims for unemployment.

Unless there is some reason to believe that there has been an increase in illegitimate claims, it is still useful to compare the current number to previous numbers. It's pretty bad if it's the highest it's been since Sept 2001.

 

[TheSlamma]

Originally posted by: dmcowen674

Originally posted by: techs
We ain't seen nothin' yet.

add aother 53,000 to the growing pile.

Citi bank just slashed a huge chucnk of it's workforce.

I don't think the bank will survive. It was on my original list to fail back in Jan 2007.

I worked for them, you are clueless, just as wrong as you were in my sig. Yes they are getting pounded, but they will survive.

 

[Gand1]

t is impossible to state that that figure is comprised of an entire group of people who deserve to collect unemployment.

you can only collect when you have lost your job through no fault of your own.

-job goes overseas
-your place of work closes
-you are laid off.


Wrong.

You cannot claim unemployment if the reason you were fired was to intentionally harm the company. Here is a good link... it's called willful misconduct btw. Yes you may not be able to collect if you were fired but that is not always the case and in most circumstances not even the norm.

oops forgot the link....


http://www.querycat.com/faq/1b...83fd958470a1d86fb78b47

 

[OrByte]

"The fundamentals of our economy are....."

nevermind.

 

[LumbergTech]

Originally posted by: mugs

Originally posted by: Wheezer

Originally posted by: Mani

Originally posted by: Wheezer

First-time unemployment claims rose.

Claims is the key.

It does not mean people are out of work, it does not mean they are collecting, it does not mean that they are entitled.

#1 how many people filing for unemployment were fired (fired= no unemployment) from their jobs for any number of reasons....showing up drunk, wrecking a company vehicle for the 10th time, telling the boss to fuck off when asked why they did not show up for work, busted playing hooky too much etc, etc, etc. You do not know.

#2 the fact that they applied does not mean they are out of work...it means they filed. It means that even though they are filing for unemployment they might be working under the table for someone making 15-20/hr doing home improvement, driving cars for a local car dealer from place to place, doing computer work on the side...etc. you don't know

#3 what is the deadline for the reporting of unemployment figures and how many people within that window are back to work? you don't know.

what you do know, and all you know is the figures that are being reported, in the press...and without further analysis those numbers mean nothing.

Lemme guess...you think the fundamentals of the economy are strong?

it is impossible to state that that figure is comprised of an entire group of people who deserve to collect unemployment.

you can only collect when you have lost your job through no fault of your own.

-job goes overseas
-your place of work closes
-you are laid off.

that does not meant you cannot apply, and that certainly does not stop people from trying to collect....and guess what...as son as you fill out the form and submit it you are now a statistic....even if you do not deserve to collect unemployment because you are a moron and can't show up for work.

which means that you are one of the many that is calculated into that figure.

SO, how many people in that grand number are actually collecting?

How many are entitled to collect?

How many are trying to collect and still work another job under the table which is against the law?

Without that data it is incorrect to assume that the total figure is for legitimate claims for unemployment.

Unless there is some reason to believe that there has been an increase in illegitimate claims, it is still useful to compare the current number to previous numbers. It's pretty bad if it's the highest it's been since Sept 2001.

he doesn't seem to grasp the fact that these are FIRST TIME claims..

there is no reason to believe that more of these are fraud..like a whole shitload of people just decided they were going to try to weasel their way into the unemployment system who had not thought of it before

 

[mugs]

Originally posted by: Gand1
t is impossible to state that that figure is comprised of an entire group of people who deserve to collect unemployment.

you can only collect when you have lost your job through no fault of your own.

-job goes overseas
-your place of work closes
-you are laid off.


Wrong.

You cannot claim unemployment if the reason you were fired was to intentionally harm the company. Here is a good link... it's called willful misconduct btw. Yes you may not be able to collect if you were fired but that is not always the case and in most circumstances not even the norm.

oops forgot the link....


http://www.querycat.com/faq/1b...83fd958470a1d86fb78b47

Willful misconduct is essentially the dividing line between being fired and being laid off... you're both right, you're just stating it in different ways.

 

[imported_K3N]

This is just the beginning folks. Experts like Gerald Clemente predicts we will have a situation similar to the movie roadwarriors where there will be food riots and all sorts of chaos.

You can prepare yourself by doing the following:

Buy as much canned food as you can
Buy gold and silver
Try to store as much cash as you can
Most importantly buy a firearm to protect all of the following including yourself and the family

 

[AlienCraft]

That figure is under estimated in that Independant Contractors are not counted. Since they are not eligble for UI, they do not count.

 

[StageLeft]

Originally posted by: K3N
This is just the beginning folks. Experts like Gerald Clemente predicts we will have a situation similar to the movie roadwarriors where there will be food riots and all sorts of chaos.

You can prepare yourself by doing the following:

Buy as much canned food as you can
Buy gold and silver
Try to store as much cash as you can
Most importantly buy a firearm to protect all of the following including yourself and the family

Who is Gerald Clemente? And as much as I like the idea of stocking up on food stuffs, should I bother googling him?

I will say, though, that I think all of us should have months worth of food. Even if we are never mad max in my lifetime or in the face of a big war, throughout history there have been many shortages of things (and in WWII basic things like sugar were prized possessions in the UK), so by stocking up on durable food that you may normally eat anyway, so that you don't end up with a bunch of junk food, just makes sense. I think the power grid in this nation is a joke, so if it fell apart for some reason and was a POS for months (maybe a focused attack), you would have a hard time getting certain non-essentials.

EDIT: The above is also a hedge against inflation, to some small degree

 

[jman19]

Originally posted by: K3N
This is just the beginning folks. Experts like Gerald Clemente predicts we will have a situation similar to the movie roadwarriors where there will be food riots and all sorts of chaos.

You can prepare yourself by doing the following:

Buy as much canned food as you can
Buy gold and silver
Try to store as much cash as you can
Most importantly buy a firearm to protect all of the following including yourself and the family

Another loon post from K3N.

 

[Kalmah]

Once Circuit City finishes out its liquidation expect about 7,000+ more to come.

 

[miketheidiot]

Originally posted by: K3N
This is just the beginning folks. Experts like Gerald Clemente predicts we will have a situation similar to the movie roadwarriors where there will be food riots and all sorts of chaos.

You can prepare yourself by doing the following:

Buy as much canned food as you can
Buy gold and silver
Try to store as much cash as you can
Most importantly buy a firearm to protect all of the following including yourself and the family

gold and silver will be of great value in the apocalypse, c/d?

 

[sandorski]

Originally posted by: miketheidiot

Originally posted by: K3N
This is just the beginning folks. Experts like Gerald Clemente predicts we will have a situation similar to the movie roadwarriors where there will be food riots and all sorts of chaos.

You can prepare yourself by doing the following:

Buy as much canned food as you can
Buy gold and silver
Try to store as much cash as you can
Most importantly buy a firearm to protect all of the following including yourself and the family

gold and silver will be of great value in the apocalypse, c/d?

Their shinyness will distract Mutants. Toss some out, they'll gather around it in awe, while you escape behind them.

 

[StageLeft]

Originally posted by: sandorski

Originally posted by: miketheidiot

Originally posted by: K3N
This is just the beginning folks. Experts like Gerald Clemente predicts we will have a situation similar to the movie roadwarriors where there will be food riots and all sorts of chaos.

You can prepare yourself by doing the following:

Buy as much canned food as you can
Buy gold and silver
Try to store as much cash as you can
Most importantly buy a firearm to protect all of the following including yourself and the family

gold and silver will be of great value in the apocalypse, c/d?

Their shinyness will distract Mutants. Toss some out, they'll gather around it in awe, while you escape behind them.

Yes, but beware the Cyclops!!!

 

[WhipperSnapper]

We've sent millions of manufacturing and knowledge-based jobs overseas...

We've imported foreigners on work visas (like the H-1B and L-1) to displace Americans from knowledge based jobs...

We've imported millions if not tens of millions of impoverished immigrants, both legal and illegal, to do low-skilled jobs, depressing wages for the lower classes...

We've allowed our population to explode, increasing the strain on the environment and decreasing the amount of land and resources available per capita...

We've allowed the wealthy to use the economic force of global labor arbitrage to loot the lower classes in order to enrich themselves...

...All because Americans accepted free market economics and the notion of comparative advantage as an immutable, unconditional dogma and because we've lost any sense of economic nationalism and national self interest. America...it's time to be...punished.

Unfortunately, the ravages of the upcoming Greater Depression will primarily affect the lower classes who least deserve it and probably won't touch the upper classes.

 

[Engineer]

542,000 new claims last week. Jumps to a 16 years high.