New York (CNNMoney) - Fewer Americans filed for their first week of unemployment benefits last week. So few in fact, that the number of initial claims fell to its lowest level since May 2008.
About 366,000 people filed initial jobless claims in the week ended Dec. 10, the Labor Department said Thursday. That was a decrease of 19,000 from the prior week.
Statistics can be grossly misleading at times. Let's hope these numbers are not. We need some other type of measurement or "test" to better understand what they really mean. No cause for celebration just yet.
Suppose you have an old leaky bucket that lets the water drip out of the bottom. One day you notice that the bucket isn't leaking anymore. No Drips! You naively assume that the bucket "is fixed" and proceed to celebrate Bucket Day without testing the bucket. What really happened is that the bucket emptied itself of all of its' water, which stopped the drip, drip, drip.
open the pipe line... convert to natural gas... thats where jobs are....these are christmas jobs now.. its not a recovery of our work force...
looks like the policies of GW Bush are finally taking effect. Certianly it's NOTHING that the Obama people have done the past 3 years for this to happen. (at least this is how the right will spin it)
People needing jobs? According to the conduct of the GOP, this is not an issue and there are no other issues than hamstringing the legislative process in order to discredit the President. Wait until next November. GOP freshmen – start reserving your U-Hauls now and avoid the rush.
Hey, looks as if the Republican Governors have laid off just about all the public sector employees they could in their effort to keep unemployment numbers high.
Not to worry, GOPers. No doubt these same "leaders" are e-mailing each other right now, brainstorming new and more creative ways to keep the folks out of work until 2013.
Man you people love telling lies.. When we have so many people out of work.. Where are those jobs mr president. After all it is the Holiday season. I could not buy 12 presents for my family.. But you can..
Its Christmas time. We will see in a few months how they are.
open the pipe line... convert to natural gas... thats where jobs are....these are christmas jobs now..
Clueless in Conservaburbia.
Sure, let's "open" a however many hundreds of miles long pipeline [one which has not been fully enigneered around Nebraska yet, much less completely built] and provide some jobs for Christmas. So hurry up, people, because Christmas is only 10 days away.
Of course the Right will say these numbers are misleading OR Obama had nothing to do with it. LOL
Good thing, Now if Companys would hire more permanent worker or people this would be great. Good job Mr. PRESIDENT OBAMA
I really really hope this is more than just seasonal hiring