This blog is for discussing issues in our complex global economy.
Jobless claims fall by 14,000 to 442,000
They’re giving a lot of statistics here, but not explaining why the drop. I haven’t seen a marked improvement in hiring or jobs available. Everyone I know is holding on to what they have. Many people are waiting and trying to see if anything opens up. They may be taking part-time work or seasonal work, but the bigger salaried jobs don’t seem to be there. Employers are still cautious and can’t overextend themselves.
I definitely agree with Mike! All the laborers that I know of are desperately holding on to their jobs, no matter how miserable it makes them. While these numbers are somewhat reassuring, I am still nervous. I agree with Mike that the decreasing numbers can be attributed to seasonal work making these numbers misleading. I am amazed that even people with higher education degrees are out and about still looking for jobs.
Many places are saying they will be hiring in a month or too, or that’s what I am hearing. This drop is not bad news though. Perhaps we will see a drop in unemployment in the next month or so. It would be nice to see these statistics seasonally adjusted to see whether or not is is just part-time positions or seasonal work as Mike and Hannah have suggested. I’m thankful I have a job and even though I’m only working a few days a week, it’s a job. My boss is definitely not overextending. Besides me and my boss, there is one other employee. Consider me an example.
“The latest figures reflect annual revisions using new seasonal factors, and put claims 10,000 lower than they would have been under the previous assumptions, a Labor Department official said.” With this quote it is hard for me to understand whether this drop is due to a temporary change or is more permanent. What strikes me is the “seasonal factors”. Again I agree with the previous blogs left by people in saying that the article does not do an adequate job of explaining why the drop and also that I personally have not seen any positive in job availability. However, I believe that the economy is not going to get better “overnight” and I am happy with just slight improvements because it does show steps closer to an improved economy.
WHy is this happening? That is the question that ran through my head the entire time i was reading this. Obviously we are in an economic downturn and this is happening because of the financial situation this country is in but the article didnt help explain why it dropped so drastically in one month. As you look around society it is clear that there is not a large amount of job availability but there is improvements coming our way.
I am also wondering why the number of people applying for unemployment benefits dropped to the lower number in such short time. Job creation in march might have worked to make that drop happen but the number of jobs created now is not enough for everyone yet so the statistics is not really good news and just temporary data.
These statistics seem to be made up. What does Seasonal Factors mean? Seem like date being made up, to prevent chaos. I personally have not seen any positive in job availability. I’m still unemployed, not for a lack of trying.
what a pile of nonsense. The gradual decline in jobless claims is a typical “good news” indicator after every meaningful economic pull back. The politicization of basic economic truths makes you seen a bit naive if one is to be nice or motivated by something outside of reasonable being candid. I would not want to jump to conclusion from your moniker but it looks like silly and very light ideological thinking, I guess you are not encumber by any self awareness in the veil of the internet
It’s hard to find a stable job. I think many people who are looking for them use their “in.” Meaning that I think a lot of people who are hiring are hiring people they know and can help rather than people who are more qualified.
These statistics, as said above, are hard to believe with so many sub-categories and such. They are only believable in the sense that we have so much unemployment that it wouldn’t be a shocker if this massive drop was true.
it is kind of disappointing that there are all of these statistics, but no real explanation to why there are these numbers. many of the people I know are really trying to hold on to what they have and not trying to get what they don’t need. It is also very disheartening to see that even people with higher education degrees are out and about still looking for jobs.
Employees are still cautious and not hiring employees or at least not full time employees. The company I work for is using a lot of temporary employees and only hiring a few of those temps. Even thought, the business is getting better the company are being cautious on the overhead because is better for the company to have temps than hire full time employees and later lay them off because the business is not a good as they expected.
due to enormous amount of debt that U.S. has right now, the government raising taxes a lot. And, I think this could result as people who own their company or shops would reduce the number of hiring. Should tax keep go up?
I still don’t understand the reason for this sharp fall. Although it is important to recognize that there is a drop in employment, I believe that it is more important to understand why it is happen in order to improve the numbers.
it is scary to think i have to leave school and find a job soon. I see it with members in my family that are highly educated and still are unhappy with their jobs. Yet because everything is so bad they have no option but to hold on to jobs. The long work week and little pay keeps people stuck in the system with not much time for one’s self
I agree with previous comments about poor support and lack of explination. Jobless claims being lowered is a good thing to see in our economy. With more people having jobs it is becoming easier to keep an income and stimulate the economy. It’s sometimes hard to believe that we are currently inthe worst recession since the Great Depression.
i feel like i read this article too much, jobs go down everyone likes whats happening and the we get blindsided again. I am again going to comment the same i have on similar articals, we are not out of the woods yet. Now is the time to buckle down and work to get out of this downturn, not celebrate the beggining of the recovery.
Interesting article. I am wondering why the number of people applying for unemployment benefits decreased that much in so little time. Perhaps it was due to all of the jobs created in March? I feel like these statistics were made up. I find them all hard to believe. There seems to be a lack of explanation here.
The search for jobs has evolved into a vicious competition. There always has been competition for jobs, but now with the lack of jobs and a plethora of qualified candidates even the best prospects are out of luck when it comes to finding work. I also agree with the previous posts I do not understand the statistics, theres no explanation. More jobs seems better for the economy
It’s good to see that unemployment claims has dropped but the amount it has dropped by is minuscule. When the numbers are around 4.65 million people who receive unemployment, a drop in 54,000 hardly puts a dent in it. The upside is that its the lowest it has been since December 2008. Unemployment is good for temporary relief when it comes to someone losing their job but they make it too easy for people to milk it for all they can. Especially when unemployment benefits normally run out after 26 weeks, and they have extended it to 99 weeks. I have known people who don’t even try to find a job but tell the unemployment office they are searching, just to get their benefits extended as long as they can. Sometimes it may not be hard to find jobs, people just think that most jobs are below them and don’t want to take them, when quite possibly they can be making more than they get in unemployment; and that money comes from other hardworking taxpayers. To me its kind of like temporary welfare. There should be a way of supervising them trying to get a job such as confirmation they are turning in applications from the business they are trying to be a part of, instead of a verbal “oh they aren’t hiring but i tried”.
Most of the people that are not working are because they were employed with seasonal jobs that have no ceased to exist. The statistics help but they dont really attribute to the drop in the people that are not on unemployment.
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