Jobless claims down

[nyker96]

good news from the job market.

http://money.cnn.com/2010/11/10/news/economy/initial_claims/index.htm?hpt=T2

 

[Patranus]

Ill wait for the revised numbers seeing as how they always revise those numbers to the bad side of things.

 

[Trianon]

very superficial thing to say, maybe people stopped looking for a job/benefits ran out... TBH, I don't trust LD data these days, they account for things to fit certain agenda.

 

[KB]

This is just the weekly numbers. We need a longer downtrend for these numbers before we can get excited. Hiring was up last month but job openings were down in Sept. Too many numbers to keep track of.

http://www.marketwatch.com/story/fewer-job-openings-in-september-government-says-2010-11-09

 

[fskimospy]

very superficial thing to say, maybe people stopped looking for a job/benefits ran out... TBH, I don't trust LD data these days, they account for things to fit certain agenda.

No. This was initial jobless filings, not continuing claims. The idea of people giving up/benefits running out has nothing to do with this number.

As for Labor Department data (I assume that's what you mean by LD), please show us how they have altered the way in which they compile employment data recently in order to fit a certain agenda.

 

[Trianon]

No. This was initial jobless filings, not continuing claims. The idea of people giving up/benefits running out has nothing to do with this number..

sorry, my bad, forgot about "initial" part

As for Labor Department data (I assume that's what you mean by LD), please show us how they have altered the way in which they compile employment data recently in order to fit a certain agenda.

Yep, them Numbers always seem to give false hope to goose the market, guaranteed to be revised higher at later time. I mentioned agenda because slant of information seems to be correlated to political events.

 

[Throckmorton]

sorry, my bad, forgot about "initial" part

Yep, them Numbers always seem to give false hope to goose the market, guaranteed to be revised higher at later time. I mentioned agenda because slant of information seems to be correlated to political events.

The election was a week ago

 

[dank69]

The election was a week ago

Holy shit it only took the GOP 1 week to fix the economy!

 

[Trianon]

The election was a week ago

I was not referring to the election.

 

[WHAMPOM]

Didn't we have a topic about the economy having turning around in April? A perceptible rebound in the US economy.

 

[werepossum]

Holy shit it only took the GOP 1 week to fix the economy!

 

[GoPackGo]

Yes...as soon as your benefits run you are no longer counted in the numbers.

 

[Jaskalas]

Holy shit it only took the GOP 1 week to fix the economy!

Maybe the country is betting on gridlock.

Many people think that's a 'fix'.

 

[fskimospy]

Maybe the country is betting on gridlock.

I sincerely doubt that companies shifted their hiring/firing decisions quickly enough since last Tuesday to be included in this report.

 

[dank69]

Maybe the country is betting on gridlock.

Many people think that's a 'fix'.

This response makes me sad for our future.