Thread: Jobless Claims Down, But...

What are the odds the number will be revised upward 30,000 next week when they get the data from the other states? They got the pop in the market they wanted this week..... next week it might not matter

Originally Posted by tsptalk

Market rallies on jobless claims...

'BETTER THAN EXPECTED'

"Jobless Claims in U.S. Decreased 27,000 to 451,000 Last Week"

but...

GOV'T MAKES IT UP: JOBS NUMBERS 'ESTIMATED' FOR WEEK...

"For the latest reporting week, nine states didn’t file claims data to the Labor Department in Washington because of the Labor Day holiday earlier this week, a department official told reporters. California and Virginia estimated their figures and the U.S. government estimated the other seven."

http://money.cnn.com/2010/09/08/news/economy/unemployment_extensions/index.htm
FIRST
'Unemployment checks' are already reaching a record of 99 weeks.
Why work when the government pays people not to work?

http://steadfastfinances.com/blog/2010/08/31/manufacturing-jobs-in-60-year-decline-middle-class-going-along-for-the-ride/
SECOND
Middle class America is alive and as healthy as ever…
60 plus years of declining manufacturing sector jobs say otherwise.

http://www.nytimes.com/2010/09/09/business/09arms.html?src=me&ref=business
THIRD
Fear not - new sectors are crumbling:

Lockheed Marin announced Wednesday that 600 of its executives applied for buyouts as the company cut costs.

Will likely heighten concerns about further job cuts in the high-paying aerospace and defense industries at a time when the nation’s unemployment rate remains high.

Lockheed reduced its work force by a total of 136,000, since the beginning of last year.

Boeing, another big Pentagon contractor, trimmed 1,700 jobs as part of a reduction of 10,000 jobs across the company.

Northrop Grumman plans to close shipyards.

The loss of jobs comes as Mr. Gates is pushing for more overhead cuts and greater. But top industry executives say that it would be hard to meet Mr. Gates’ goal of saving $100 billion without cutting jobs and closing plants.

Originally Posted by Steadygain

http://money.cnn.com/2010/09/08/news/economy/unemployment_extensions/index.htm
FIRST
'Unemployment checks' are already reaching a record of 99 weeks.
Why work when the government pays people not to work?

http://steadfastfinances.com/blog/2010/08/31/manufacturing-jobs-in-60-year-decline-middle-class-going-along-for-the-ride/
SECOND
Middle class America is alive and as healthy as ever…
60 plus years of declining manufacturing sector jobs say otherwise.

http://www.nytimes.com/2010/09/09/business/09arms.html?src=me&ref=business
THIRD
Fear not - new sectors are crumbling:

Lockheed Marin announced Wednesday that 600 of its executives applied for buyouts as the company cut costs.

Will likely heighten concerns about further job cuts in the high-paying aerospace and defense industries at a time when the nation’s unemployment rate remains high.

Lockheed reduced its work force by a total of 136,000, since the beginning of last year.

Boeing, another big Pentagon contractor, trimmed 1,700 jobs as part of a reduction of 10,000 jobs across the company.

Northrop Grumman plans to close shipyards.

The loss of jobs comes as Mr. Gates is pushing for more overhead cuts and greater. But top industry executives say that it would be hard to meet Mr. Gates’ goal of saving $100 billion without cutting jobs and closing plants.

shifudognam,

who peed in your wheaties?

are you always so pessimistic?

future's so bright, put on the shades. just gotta believe. now git in there.

make it happen cap'n.