New Unemployment Claims Rise "Unexpectedly"

[TURobY]

It doesn't help that there's a lot of fear amongst business owners of a double-dip.

Anecdotally, I'm starting to see a thaw of the hiring freezes in the local tech industry.

[FOTD]

That was the author's words, not his.  What happened to the glee club that was on here earlier in the week proclaiming the recession was over and we are in a strong recovery?

The recession is over. Does this demon have to keep telling you just like in 2007 when he claimed we were entering it? Nobody has ever said we are in a strong recovery. After sopping up the financial disaster there will be no strong recovery...so sorry.

[Conan71]

The recession is over. Does this demon have to keep telling you just like in 2007 when he claimed we were entering it? Nobody has ever said we are in a strong recovery. After sopping up the financial disaster there will be no strong recovery...so sorry.

Sure by the two quarters of growth standard, yes we would be.  Let's see what this next quarter shows before we crow too loudly.  For those of us who actually work in B-2-B situations, many of us still are not seeing growth.

[Conan71]

There are some signs of possible recovery. This has not yet had an impact on unemployment, however. Presuming it keeps up, we should see some modest decreases in unemployment in the next few quarters. It doesn't help that there's a lot of fear amongst business owners of a double-dip. I think it could easily go either way. The late 2009 inflation numbers do provide some hope that we at least won't end up in a deflationary spiral, but it's still too early to tell where we're headed.

Nathan gets it

DING, DING DING, DING!

We have a winner!

Fear is a big driver in recessionary trends, that's why I've been especially hard on the Obama Administration for not inspiring more confidence in the economy.  The most effective of all the tools a President has at their disposal in helping or hurting an economy, the ability to talk it up or down is probably the most effective.  I realize you cannot blow smoke up peoples asses and paint it rosier than it is, but I simply have not seen great leadership or real "hope" come out of them.  I honestly felt like he was still campaigning against the GOP the first two months he was in office.  I don't think his efforts are "shameful" I simply don't think he's inspired as much confidence as he is capable of, especially with his oratorial skills.

[guido911]

It's a good day, only 36,000 people lost their jobs:

[guido911]

"Today is a big day in America, only 24,000 new people filed for initial unemployment benefits, which is really good."

http://www.marketwatch.com/story/weekly-jobless-claims-jump-24000-to-484000-2010-04-15-83140

[Conan71]

"Today is a big day in America, only 24,000 new people filed for initial unemployment benefits, which is really good."

http://www.marketwatch.com/story/weekly-jobless-claims-jump-24000-to-484000-2010-04-15-83140

That's goodish news, isn't it?

[guido911]

That's goodish news, isn't it?

It is if you are Harry Reid.

[Gaspar]

Wow!  And that's with all of the new employment spurred by the Census hire and temporary tax season employees.  Subtract that quarter of a million and you've got another "UNEXPECTED" outcome.

[guido911]

Here we go again, jobless claims rise "unexpectedly". Stop it with the expected/unexpected crap and just report the freakin story.

http://www.foxnews.com/politics/2010/05/20/new-weekly-jobless-claims-rise/

[Townsend]

Here we go again, jobless claims rise "unexpectedly". Stop it with the expected/unexpected crap and just report the freakin story.

I bet some expected it.  It's just a way to make the story somewhat "holy cow"...or just more annoying.

[RecycleMichael]

Why do guido and gaspar relish in posting as much bad news as possible?

Do they hate America?

[Gaspar]

I didn't expect it.  I thought the Stimulus's worked.  I thought we had pulled out of the recession.

This can't be.

Wow! I am so surprised.  I figured the 19% growth in government and the promise of new regulations on private industry would cause a boom in employment.

Crap!

I thought that a trillion new dollars in debt burden and an estimated 12 trillion over the next 10 years would really perk us up and get the wheels of industry rolling.

It will really be a surprise if they tell me that we are going to experience some significant inflation over the next few years.  That will completely take me off-guard.

Perhaps, if we create a Blue Ribbon panel to study this and propose additional regulations, we can get back on track?

[we vs us]

I didn't expect it.  I thought the Stimulus's worked.  I thought we had pulled out of the recession.

This can't be.

Wow! I am so surprised.  I figured the 19% growth in government and the promise of new regulations on private industry would cause a boom in employment.

Crap!

I thought that a trillion new dollars in debt burden and an estimated 12 trillion over the next 10 years would really perk us up and get the wheels of industry rolling.

It will really be a surprise if they tell me that we are going to experience some significant inflation over the next few years.  That will completely take me off-guard.

Perhaps, if we create a Blue Ribbon panel to study this and propose additional regulations, we can get back on track?

So, to clarify:  the stimulus and government spending is to blame for a stubbornly high unemployment rate?  

Because all that Census hiring last month didn't boost the job numbers by 10k or more, right?  Just making sure I'm clear.

[guido911]

I didn't expect it.  I thought the Stimulus's worked.  I thought we had pulled out of the recession.

This can't be.

Wow! I am so surprised.  I figured the 19% growth in government and the promise of new regulations on private industry would cause a boom in employment.

Crap!

I thought that a trillion new dollars in debt burden and an estimated 12 trillion over the next 10 years would really perk us up and get the wheels of industry rolling.

It will really be a surprise if they tell me that we are going to experience some significant inflation over the next few years.  That will completely take me off-guard.

Perhaps, if we create a Blue Ribbon panel to study this and propose additional regulations, we can get back on track?

America hater.