New York (CNNMoney) – Finally, some better news about the job market: the number of first-time filers for unemployment benefits fell below 400,000 for the first time since early April.
There were 398,000 initial unemployment claims filed in the week ended July 23, the Labor Department said Thursday. That marks the first time since April 2, that the weekly initial claims number has fallen below 400,000, a level typically associated with payroll growth and a lower unemployment rate.
Just wait until the full effect of budget cuts kick in. That weekly claims number could hit 500,000.
hopefully more jobs to come..
Good news for the majority of americans but bad news for republicans !
Uh oh...the GOP better hope it can force the debt ceiling/deficit debate to hang over everyone's heads before it has to be revisited in just a short 6 months in order to keep the economy at a damaging level of uncertainty and stifle investment. I mean, that's the plan, right...use the Sword of Damocles to suppress recovery, keep the numbers poor, perpetuate everyone's suffering and then blame Obama in 2012, no? They'll be turning the late September/October budget issue into another government shutdown scare, mark my words.
"The only reason this poll shows these numbers," Teaparty/Gop is going to cut "Unemployment Checks all together?? We need to open "20 Million Soup Kitchens??? Real Fast,my fellow "American Victims? Lets "Bill" Norquists Office, for the "Soup Kitchen and Tents'????? Their the "New Unemployment Office.
I think a second round of stimulus is needed just as Ben Bernanke suggested.
See, the GOP must be right. Even though they are on the verge of cratering our, and maybe the world's finances, some of the wealthy must be hiring people with the money they have saved on tax cuts. I just knew that Boehner, Cantor and McConnell could not be as stupid as they look and act.
This is not good news, it is not accurate news. Each month, visual media [Internet & TV] should show a 4-year trend of jobs created or lost in America. That`s the proper metric.
Major milestone events like the stimulus, the government shutdown, the "manufacured" debt crisis should be identified so people can see the simple aftereffects.
Jobs under a democratic administration should be blue columns; under the GOP they should be red.
With this info, the public can see when things are trending the right or wrong way; they can decide for themselves instead of listening to lying politicians.
NBC, CBS, ABC , CNN, I`l expect to see this as a recurring feature in your broadcasts. And when you show this graphic, make it fill the screen, it`s not a "prop". If you showed it today, the job-creation under Obama would be clear, as would the retarding impact of Congressional inaction on the 8 month debt ceiling crisis.
Bet the republicans take credit
I have an idea ... let's throw another $1Trillion stimulus at this problem and see if it helps this time!!
Only 400K first-time claimants this week for unemployment benefits, following sixteen straight weeks of first-time claims exceeing 400K. What a great job Obama is doing to create conditions that compel companies to want to hire.
Barack Obama- A failed president.