[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]
|
Status: Not Logged In; Sign In
Economy Title: Jobless Claims in U.S. Unexpectedly Fell Last Week to 450,000 Sept. 16 (Bloomberg) -- Applications for U.S. unemployment benefits unexpectedly fell last week to the lowest level in two months, a sign the labor market is improving. Initial jobless claims dropped by 3,000 to 450,000 in the week ended Sept. 11, Labor Department figures showed today in Washington. The median forecast was for a rise to 459,000, according to a Bloomberg News survey. The total number of people receiving unemployment insurance fell, and those getting extended payments plunged. While the pace of staffing reductions has slowed, hiring is needed to foster bigger gains in consumer spending, which accounts for 70 percent of the economy. Economists surveyed by Bloomberg News this month forecast unemployment will hold above 9 percent through next year, a sign it will take years to recover the more than 8 million jobs lost in the recession. “The labor market is slowly getting back on track,” Ryan Sweet, a senior economist at Moody’s Economy.com in West Chester, Pennsylvania, said before the report. “Businesses are still cautious about hiring, but the strong recovery in profits is giving firms the cash flow they need to invest.” Jobless benefits applications were projected to rise from a previously reported 451,000 for the prior week, according to the median forecast of 42 economists in the Bloomberg survey. Estimates ranged from 435,000 to 476,000. Filings last week were the lowest since July 10. The four-week moving average, a less volatile measure than the weekly figures, declined to 464,750 last week from 478,250, today’s report showed. Continuing Claims The number of people continuing to receive jobless benefits fell by 84,000 in the week ended Sept. 4 to 4.49 million. They were forecast to drop to 4.46 million. The continuing claims figure does not include the number of Americans receiving extended benefits under federal programs. Those who’ve used up their traditional benefits and are now collecting emergency and extended payments slumped by 507,853 to 4.96 million in the week ended Aug. 28. The unemployment rate among people eligible for benefits, which tends to track the jobless rate, fell to 3.5 percent in the week ended Sept. 4 from 3.6 percent. Thirty-five states and territories reported a decline in claims, while 18 reported an increase. These data are reported with a one-week lag. Last week, claims figures in Virginia and Nebraska were estimated, a Labor Department official said as the numbers were released. Initial jobless claims reflect weekly firings and tend to fall as job growth -- measured by the monthly non-farm payrolls report -- accelerates. August Hiring Companies added 67,000 workers to their payrolls in August, the Labor Department said Sept. 3. Overall employment dropped by 54,000 for a second month, as the government let go census workers. The unemployment rate rose to 9.6 percent from 9.5 percent. MF Global Holdings Ltd., the futures and options broker headed by former New Jersey Governor Jon Corzine, may add as many as 1,000 positions as it expands into money management and investment banking. “We’re a broker on our way to being a broker-dealer on our way to being a full-line investment bank,” Corzine said Sept. 13 at the Barclays Global Financial Services Conference in New York. “I would expect that two years from now when I’m at this conference, we will not be a 3,000-person firm. We’ll be a 4,000-person firm.” At the same time, other companies are reducing their payrolls. Boeing Co., the second-largest U.S. defense contractor, is revamping its military aircraft business, eliminating 10 percent of executive positions and consolidating the unit to four divisions from six. Boeing Cuts The job cuts are part of an effort by Dennis Muilenburg, chief of Boeing’s defense unit, to cut as many as 400 positions, Damien Mills, a spokesman for Chicago-based Boeing said in a telephone interview last week. President Barack Obama wants Congress to boost job growth by approving $50 billion to repair and rebuild the U.S. transportation infrastructure, permanently extend a research and development tax credit and let businesses deduct the full cost of capital investments in the year the expenditures are made, instead of writing them off over periods of as long as 20 years. President Obama’s approval ratings have slipped as economic grow th slowed this year and employment stagnated. Fifty-six percent of voters said they disapproved of his handling of the economy, according to a poll by Quinnipiac University taken Aug. 31 to Sept. 7.
Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: WhiteSands (#0)
Massingale?
You realize that being able to 'grab' the # 3000 out of 450,000 is .67%. Even if the gov't could be that precise, it's not even noise. " The truth is: 1. The banks never legitimately owned the land, we the people own it. 2. Even if they had, and however we look at it, since the Bailout we the people own the banks. So all their “property” including the land reverts to us anyway. 3. Even according to their own rigged “legality”, with the MERS system having dissolved unified ownership and in many cases lost the physical note, the banks have abdicated this ownership, inadvertently dissolved it. 4. As for the mortgage contract, if it’s non-recourse then walking away is a perfectly sound, by-the-book provision of the contract. 5. Since the banks stole everything they have to begin with, since they intentionally plunged the economy into this incipient Depression and used the crash they intentionally caused to loot even more trillions, we also have the moral right to stop paying but stay in the house as long as we want. This is an example of bottom-up direct restitution. 6. Such squatting is actually positive for the community. In many regions the banks simply let the foreclosed or abandoned property rot, to everyone’s detriment.
Until the Kleptocrats are purged from the system, nothing gets better.
The entire banking system is fraud. You aided and abetted that fraud, you go to jail. simple.
|
|
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]
|