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Jobless claims fall again to reach new 49-year low of 201,000

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  • Jobless claims fall again to reach new 49-year low of 201,000

    Jobless claims fall again to reach new 49-year low of 201,000

    The numbers: The number of Americans who applied for unemployment benefits in mid-September fell to a fresh 49-year low, more proof that a growing labor shortage and surging economy have given workers greater job security.

    Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15. That’s below the 208,000 MarketWatch forecast and marks the lowest level since Nov. 12, 1969.


    MW-GQ380_ICSA_l_20180920083338_MG.jpg


    Thank you, Mr Obama. GREAT job!
    The first to state his case seems right until another comes and cross-examines him.

  • #2
    5af.jpg
    Some may call me foolish, and some may call me odd
    But I'd rather be a fool in the eyes of man
    Than a fool in the eyes of God


    From "Fools Gold" by Petra

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    • #3
      Who is that ugly guy in your avatar, CP?


      Comment


      • #4
        Originally posted by Mountain Man View Post
        [ATTACH=CONFIG]31252[/ATTACH]
        Forgot "Got rid of ISIS"

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        • #5
          Originally posted by Sparko View Post
          Forgot "Got rid of ISIS"
          DjypW1HU4AEg5PX.jpg
          Some may call me foolish, and some may call me odd
          But I'd rather be a fool in the eyes of man
          Than a fool in the eyes of God


          From "Fools Gold" by Petra

          Comment


          • #6
            Originally posted by Cow Poke View Post
            Jobless claims fall again to reach new 49-year low of 201,000

            The numbers: The number of Americans who applied for unemployment benefits in mid-September fell to a fresh 49-year low, more proof that a growing labor shortage and surging economy have given workers greater job security.

            Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15. That’s below the 208,000 MarketWatch forecast and marks the lowest level since Nov. 12, 1969.


            [ATTACH=CONFIG]31248[/ATTACH]


            Thank you, Mr Obama. GREAT job!
            JimL will no doubt come along and proclaim that, since the graph is going in the direction it was under Obama, it really IS due to Obama.
            Enter the Church and wash away your sins. For here there is a hospital and not a court of law. Do not be ashamed to enter the Church; be ashamed when you sin, but not when you repent. – St. John Chrysostom

            Veritas vos Liberabit<>< Learn Greek <>< Look here for an Orthodox Church in America<><Ancient Faith Radio
            sigpic
            I recommend you do not try too hard and ...research as little as possible. Such weighty things give me a headache. - Shunyadragon, Baha'i apologist

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            • #7
              There's a huge spike in 2008 which coincides with the financial crisis. And then its slowly dropping off ever since them, dropping no quicker under than Trump than under Obama. So I think its just the markets recovering after that buble burst.

              You can even see the 9/11 effect on the job market, and I wonder if that's the dotcom bubble bursting in the nineties.

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              • #8
                Originally posted by One Bad Pig View Post
                JimL will no doubt come along and proclaim that, since the graph is going in the direction it was under Obama, it really IS due to Obama.
                Well yes, because that's what's happening. Since Obama got the US back on track, following the Republican led 2008 Great Recession, jobless claims have steadily dropping ever since under both Obama AND Trump, but mostly under Obama. Trump's only been in power for 18 months.
                “He felt that his whole life was a kind of dream and he sometimes wondered whose it was and whether they were enjoying it.” - Douglas Adams.

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                • #9
                  Seriously, Sparko, Mountain Man, Cow Poke and One Bad Pig, you guys believe that the drop from 2010 is explained in terms of Trump? You believe that the spike in joblessness was a result of Obama and not the housing bubble bursting?

                  I mean you guys are trolling now right?

                  Comment


                  • #10
                    Originally posted by One Bad Pig View Post
                    JimL will no doubt come along and proclaim that, since the graph is going in the direction it was under Obama, it really IS due to Obama.
                    Also, any normal, rational person would say that if a graph line under Trump appears to be a continuation of what that graph line was doing under Obama, then yes, it probably is just a continuation of what it was doing under Obama. The best that could really be said is "Trump hasn't screwed this up so far".

                    To show us a case of Trump doing better than Obama, you'd need to find a graph on which the line under Trump was clearly not a continuation of what it was doing under Obama. Ideally there would also be some obvious connection with regard to a policy Trump had initiated as to why the line's direction had changed. e.g. if homelessness had been going up under Obama, and Trump had introduced a "build homes for the homeless" policy and then homelessness had dropped dramatically (this is currently a policy initiative in my country), then it would be something we could point to and clearly attribute it to Trump.

                    However, Trump hasn't done a whole lot policy-wise so far... There's been the widely disliked tax cuts for the rich. There's been the widely disliked "tender age" facilities for imprisoning immigrant children and separating families. There's been the removal of the individual mandate which will gradually cause healthcare costs to spiral out of control. And there's now ongoing tariff wars, who's impact I guess we will see over the next year. And unless I'm forgetting something major, that's been pretty much it as far as major policies go, apart from his appointee's general sabotage of their own government departments and filling the swamp with as many swamp-monsters as possible.
                    "I hate him passionately", he's "a demonic force" - Tucker Carlson, in private, on Donald Trump
                    "Every line of serious work that I have written since 1936 has been written, directly or indirectly, against totalitarianism and for democratic socialism" - George Orwell
                    "[Capitalism] as it exists today is, in my opinion, the real source of evils. I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy" - Albert Einstein

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                    • #11
                      Originally posted by Leonhard View Post
                      Seriously, Sparko, Mountain Man, Cow Poke and One Bad Pig, you guys believe that the drop from 2010 is explained in terms of Trump?
                      It was obviously the markets anticipating the future Trump presidency.

                      I mean you guys are trolling now right?
                      Sadly they aren't. They really think like this.
                      "I hate him passionately", he's "a demonic force" - Tucker Carlson, in private, on Donald Trump
                      "Every line of serious work that I have written since 1936 has been written, directly or indirectly, against totalitarianism and for democratic socialism" - George Orwell
                      "[Capitalism] as it exists today is, in my opinion, the real source of evils. I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy" - Albert Einstein

                      Comment


                      • #12
                        Originally posted by Starlight View Post
                        It was obviously the markets anticipating the future Trump presidency.
                        But of course.

                        Sadly they aren't. They really think like this.
                        They’ve adopted the Trump technique of believing their own spin.
                        “He felt that his whole life was a kind of dream and he sometimes wondered whose it was and whether they were enjoying it.” - Douglas Adams.

                        Comment


                        • #13
                          Originally posted by Leonhard View Post
                          Seriously, Sparko, Mountain Man, Cow Poke and One Bad Pig, you guys believe that the drop from 2010 is explained in terms of Trump? You believe that the spike in joblessness was a result of Obama and not the housing bubble bursting?

                          I mean you guys are trolling now right?
                          Perhaps a little.
                          The first to state his case seems right until another comes and cross-examines him.

                          Comment


                          • #14
                            Originally posted by Cow Poke View Post
                            Perhaps a little.
                            Just checking because sometimes I'm not sure. I mean look at the graph, its obviously the housing bubble. You can even see the 9/11 attack and dotcom bubble's effects on the economy. Then there's the 1982 financial resession.

                            Its one thing for Sparko to believe that Trump was single handedly responsible for the job growths in the months leading up to his election. But to blame the spike on Obama and to believe that the entire drop from 2008 to 2016 was accomplished by Trump... I mean at that point we're not talking sanity anymore.

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                            • #15
                              Originally posted by Leonhard View Post
                              Just checking because sometimes I'm not sure. I mean look at the graph, its obviously the housing bubble. You can even see the 9/11 attack and dotcom bubble's effects on the economy. Then there's the 1982 financial resession.

                              Its one thing for Sparko to believe that Trump was single handedly responsible for the job growths in the months leading up to his election. But to blame the spike on Obama and to believe that the entire drop from 2008 to 2016 was accomplished by Trump... I mean at that point we're not talking sanity anymore.
                              Leon, I put it out there for discussion - I like to hear both sides. I don't think you've seen me arguing for this any more than my bringing it up in the first place.
                              The first to state his case seems right until another comes and cross-examines him.

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