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New Unemployment Claims 600K+ a week - last 3 weeks

Originally posted by: sandorski
Still short of Pelosi's 500 million. :laugh: That's bad though and it hasn't stopped yet.
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She is really expecting the next week to pull through with 498 million jobs lost.
 
Originally posted by: Genx87
Originally posted by: sandorski
Still short of Pelosi's 500 million. :laugh: That's bad though and it hasn't stopped yet.
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She is really expecting the next week to pull through with 498 million jobs lost.
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It's obvious she mispoke and it's also obvious that she was way wrong and under-estimated it by a factor of 2.
 
Ouch. Hopefully we will see the bottom of this unemployment rabbit-hole soon. People are really hurting right now...
 
Originally posted by: spidey07
All after Obama took office. Change you can believe in. Businesses know what's coming with BB at the helm.
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Yup, Obama did it all!! :roll:

The Buck stops there!! hurrdeedurr
 
Originally posted by: bamacre
Originally posted by: spidey07
All after Obama took office. Change you can believe in. Businesses know what's coming with BB at the helm.
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:roll:

Wow.
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If you talk with other business leaders they are scared shitless of his policies and constant desire to tell them what to do. Yes, he is DIRECTLY responsible for this.

His constant desire to demonize business and industry is directly causing this.
 
We were on a downward spiral so i cant say it is all his doing. But I would agree business leaders are probably worried at what he wants to do so it isnt helping right now. And it doesnt help tubro tax boy went in front of congress and didnt know shit from shit and sent the markets south because of it.
 
Originally posted by: spidey07
Originally posted by: bamacre
Originally posted by: spidey07
All after Obama took office. Change you can believe in. Businesses know what's coming with BB at the helm.
Click to expand...

:roll:

Wow.
Click to expand...

If you talk with other business leaders they are scared shitless of his policies and constant desire to tell them what to do. Yes, he is DIRECTLY responsible for this.

His constant desire to demonize business and industry is directly causing this.
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wth? It's barely past noon and you're already this drunk!
 
Originally posted by: wwswimming
i'm still not sure what 'SA' means.

them's some big numbers there. as i recall, people were alarmed when we had 600K new unemployment claims per month.
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SA is seasonally adjusted. This smooths out known seasonal job fluctuations. For example, after harvesting a crop, migratory farm workers suddenly have no job. But that was known well in advance and it happens every year. Thus, these people are not really counted as unemployed. They'll soon move to another location and plant/harvest a different crop. They don't suddenly become employed then either due to SA. If you didn't have SA, the numbers would shift so wildly from week to week that they'd be hard to understand. The adjustments go well beyond just farm workers, it is just an easy example to go by.

I may be wrong, but people normally go my monthly AVERAGES. We are at a monthly average of 607,500. That isn't much off from the monthly average of 600,000 that alarmed people. The monthly average helps smooth out the data even further than just the SA.
Originally posted by: spidey07
All after Obama took office. Change you can believe in. Businesses know what's coming with BB at the helm.
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Presidents do have an immediate impact on perception. But the impact is small. You really are going to have a hard time pinning the recession that started in 2007 on Obama. As always, the republicans will try though.
 
Originally posted by: dullard

Presidents do have an immediate impact on perception. But the impact is small. You really are going to have a hard time pinning the recession that started in 2007 on Obama. As always, the republicans will try though.
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I know and I'm not trying to do that. It's just his plans and policies are certainly not viewed in a positive light by business.
 
Originally posted by: spidey07
I know and I'm not trying to do that. It's just his plans and policies are certainly not viewed in a positive light by business.
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I'm partly with you. I've even argued that presidents can have an impact before their election, if it is clear that they will be elected. But, that impact is small. Think about it. Will a prudent manager/CEO underemploy and underproduce for 4-8 years just because he doesn't like the president regardless of the fundamentals of their particular industry? Conversely will a prudent manager/CEO overemploy and overproduce for 4-8 years because he likes the president? Yes, there will be a slight shift in buisness behavior. But when it comes down to it money trumps all - a business will hire and produce even with a disfavorable president if there is money to be had.

 
Originally posted by: Skoorb
Originally posted by: spidey07
Originally posted by: bamacre
Originally posted by: spidey07
All after Obama took office. Change you can believe in. Businesses know what's coming with BB at the helm.
Click to expand...

:roll:

Wow.
Click to expand...

If you talk with other business leaders they are scared shitless of his policies and constant desire to tell them what to do. Yes, he is DIRECTLY responsible for this.

His constant desire to demonize business and industry is directly causing this.
Click to expand...
wth? It's barely past noon and you're already this drunk!
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:laugh:

Obama is also responsible for everything that happened last year, because he was running for president at the time.
 
This is not Obama's fault AT ALL. This was a house of cards built by spending and debt. Their fault will be in creating the next bubble through more spending and debt.
 
Originally posted by: spidey07
Originally posted by: bamacre
Originally posted by: spidey07
All after Obama took office. Change you can believe in. Businesses know what's coming with BB at the helm.
Click to expand...

:roll:

Wow.
Click to expand...

If you talk with other business leaders they are scared shitless of his policies and constant desire to tell them what to do. Yes, he is DIRECTLY responsible for this.

His constant desire to demonize business and industry is directly causing this.
Click to expand...

This has nothing to do with business policies of Obama, it is re-alignment of businesses to the reality of consumer and business spending and the cold realization that corporate financing is utterly fucked right now.
 
SA = seasonally adjusted

as i recall, people were alarmed when we had 600K new unemployment claims per month
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That was 600k jobs lost, not 600k new unemployment claims. That month was last month, which includes two of the weeks in your list. I'm not entirely sure why there would be such a large disparity between jobs lost and new unemployment claims.
 
The shitty economy and lack of positive indicators has people with money sitting on it, if not downsizing. Obama does not help by expanding debt and anyone with sense knows where that burden will fall eventually makes them take to ground even more. Economists saying 2009 and 2010 will be worse obviously makes people look for ways to save money too.
 
Originally posted by: Jaskalas
This is not Obama's fault AT ALL. This was a house of cards built by spending and debt. Their fault will be in creating the next bubble through more spending and debt.
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You are being naive. How many business owners do you know? How many have shared their feelings with you? I'm not saying it's all his fault but guys I talk with on a daily basis it's the first thing out of their mouth Obama this - Obama that - perceptions can make reality.

 
Originally posted by: Zebo
Originally posted by: Jaskalas
This is not Obama's fault AT ALL. This was a house of cards built by spending and debt. Their fault will be in creating the next bubble through more spending and debt.
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You are being naive. How many business owners do you know? How many have shared their feelings with you? I'm not saying it's all his fault but guys I talk with on a daily basis it's the first thing out of their mouth Obama this - Obama that - perceptions can make reality.
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BS.
 
Originally posted by: sandorski
Originally posted by: Zebo
Originally posted by: Jaskalas
This is not Obama's fault AT ALL. This was a house of cards built by spending and debt. Their fault will be in creating the next bubble through more spending and debt.
Click to expand...

You are being naive. How many business owners do you know? How many have shared their feelings with you? I'm not saying it's all his fault but guys I talk with on a daily basis it's the first thing out of their mouth Obama this - Obama that - perceptions can make reality.
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BS.
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What's BS? Explain.

I did leave out a buddy of mine who owns a gun shop who Obama has benefited greatly. He's netting mad money and hired a new girl last week. But he's hardly representative or sustainable.
 
Originally posted by: Zebo
Originally posted by: sandorski
Originally posted by: Zebo
Originally posted by: Jaskalas
This is not Obama's fault AT ALL. This was a house of cards built by spending and debt. Their fault will be in creating the next bubble through more spending and debt.
Click to expand...

You are being naive. How many business owners do you know? How many have shared their feelings with you? I'm not saying it's all his fault but guys I talk with on a daily basis it's the first thing out of their mouth Obama this - Obama that - perceptions can make reality.
Click to expand...

BS.
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What's BS? Explain.
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He's not being naive, he's stating the facts.
 
Originally posted by: sandorski
Originally posted by: Zebo
Originally posted by: sandorski
Originally posted by: Zebo
Originally posted by: Jaskalas
This is not Obama's fault AT ALL. This was a house of cards built by spending and debt. Their fault will be in creating the next bubble through more spending and debt.
Click to expand...

You are being naive. How many business owners do you know? How many have shared their feelings with you? I'm not saying it's all his fault but guys I talk with on a daily basis it's the first thing out of their mouth Obama this - Obama that - perceptions can make reality.
Click to expand...

BS.
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What's BS? Explain.
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He's not being naive, he's stating the facts.
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Despite his contrarian first sentence he admitted it's Obama's fault saying "house of cards built by spending and debt" followed by Obama will create "more spending and debt" the obvious implication is he is already setting us up for the next bubble- or do you think smart people ignore happenings going on and don't plan for future?

I know many of you do but people with money don't.
 
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