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Unemployment claims up...again.
Jobless claims: Highest since Katrina Labor Department says number of claims surges to 407,000 - the highest l By Kenneth Musante, CNNMoney.com staff writer Last Updated: April 3, 2008: 10:25 AM EDT NEW YORK (CNNMoney.com) -- New filings for unemployment claims surged in the latest week to the highest level since September 2005, according to a government report released Thursday. The Labor Department said applications for unemployment benefits rose to 407,000 in the week ended March 29, up from a revised 369,000 claims in the previous week. The last time claims were this high was in the week ended Sept. 17, 2005, just after Hurricane Katrina hit the Gulf Coast. A consensus of economists polled by Briefing.com had expected initial jobless claims to fall to 365,000 from the originally reported 366,000. "There has been a slow deterioration in the labor market," Paul Kasriel, chief economist with Northern Trust, said. "We're starting to see a speed-up in this deterioration," he added. The surge in jobless claims comes a day before the government's closely watched March employment report. Economists surveyed by Briefing.com expect that report to show a decline of 50,000 jobs. The job market has suffered from the deepening economic slump. On Wednesday, Federal Reserve Chairman Ben Bernanke told Congress that a "recession is possible," and that the economy could contract over the first half of the year. The Labor Department said over the past four weeks, a running average of 374,500 people filed new claims per week, up 4.4% from the previous week's revised average of 358,750. In the year-ago period, the average was at 311,750. "There's been a steady increase in claims which is consistent with a slowing economy," said Michelle Meyer, economist with Lehman Brothers. Continuing claims for those already receiving benefits rose to 2.9 million in the week ended March 22, the most recent week available. That's up from a revised 2.8 million reported for the prior week, matching the four-week average. New jobless claims in Pennsylvania increased the most in the week ended March 22, the report showed. Michigan saw the biggest drop, with first-time claims falling 7,660 due to fewer layoffs in the automotive industry. |
Unemployment claims up...again.
On Apr 3, 11:25*am, HK wrote:
Jobless claims: Highest since Katrina Labor Department says number of claims surges to 407,000 - the highest l By Kenneth Musante, CNNMoney.com staff writer Last Updated: April 3, 2008: 10:25 AM EDT NEW YORK (CNNMoney.com) -- New filings for unemployment claims surged in the latest week to the highest level since September 2005, according to a government report released Thursday. The Labor Department said applications for unemployment benefits rose to 407,000 in the week ended March 29, up from a revised 369,000 claims in the previous week. The last time claims were this high was in the week ended Sept. 17, 2005, just after Hurricane Katrina hit the Gulf Coast. A consensus of economists polled by Briefing.com had expected initial jobless claims to fall to 365,000 from the originally reported 366,000. "There has been a slow deterioration in the labor market," Paul Kasriel, chief economist with Northern Trust, said. "We're starting to see a speed-up in this deterioration," he added. The surge in jobless claims comes a day before the government's closely watched March employment report. Economists surveyed by Briefing.com expect that report to show a decline of 50,000 jobs. The job market has suffered from the deepening economic slump. On Wednesday, Federal Reserve Chairman Ben Bernanke told Congress that a "recession is possible," and that the economy could contract over the first half of the year. The Labor Department said over the past four weeks, a running average of 374,500 people filed new claims per week, up 4.4% from the previous week's revised average of 358,750. In the year-ago period, the average was at 311,750. "There's been a steady increase in claims which is consistent with a slowing economy," said Michelle Meyer, economist with Lehman Brothers. Continuing claims for those already receiving benefits rose to 2.9 million in the week ended March 22, the most recent week available. That's up from a revised 2.8 million reported for the prior week, matching the four-week average. New jobless claims in Pennsylvania increased the most in the week ended March 22, the report showed. Michigan saw the biggest drop, with first-time claims falling 7,660 due to fewer layoffs in the automotive industry. Splashed that 36' Zimmerman-like lobster boat yet? |
Unemployment claims up...again.
John H. wrote:
. Jobless claims: Highest since Katrina Labor Department says number of claims surges to 407,000 - the highest l By Kenneth Musante, CNNMoney.com staff writer Last Updated: April 3, 2008: 10:25 AM EDT NEW YORK (CNNMoney.com) -- New filings for unemployment claims surged in the latest week to the highest level since September 2005, according to a government report released Thursday. The Labor Department said applications for unemployment benefits rose to 407,000 in the week ended March 29, up from a revised 369,000 claims in the previous week. The last time claims were this high was in the week ended Sept. 17, 2005, just after Hurricane Katrina hit the Gulf Coast. A consensus of economists polled by Briefing.com had expected initial jobless claims to fall to 365,000 from the originally reported 366,000. "There has been a slow deterioration in the labor market," Paul Kasriel, chief economist with Northern Trust, said. "We're starting to see a speed-up in this deterioration," he added. The surge in jobless claims comes a day before the government's closely watched March employment report. Economists surveyed by Briefing.com expect that report to show a decline of 50,000 jobs. The job market has suffered from the deepening economic slump. On Wednesday, Federal Reserve Chairman Ben Bernanke told Congress that a "recession is possible," and that the economy could contract over the first half of the year. The Labor Department said over the past four weeks, a running average of 374,500 people filed new claims per week, up 4.4% from the previous week's revised average of 358,750. In the year-ago period, the average was at 311,750. "There's been a steady increase in claims which is consistent with a slowing economy," said Michelle Meyer, economist with Lehman Brothers. Continuing claims for those already receiving benefits rose to 2.9 million in the week ended March 22, the most recent week available. That's up from a revised 2.8 million reported for the prior week, matching the four-week average. New jobless claims in Pennsylvania increased the most in the week ended March 22, the report showed. Michigan saw the biggest drop, with first-time claims falling 7,660 due to fewer layoffs in the automotive industry. |
Unemployment claims up...again.
I am having a hard time distinguishing what you cut and pasted and the value
you added to the thread. In other words those little marks in the left margin don't help separate what you said from the cut and paste. Not being critical. Just trying to follow along. "HK" wrote in message ... John H. wrote: . Jobless claims: Highest since Katrina Labor Department says number of claims surges to 407,000 - the highest l By Kenneth Musante, CNNMoney.com staff writer Last Updated: April 3, 2008: 10:25 AM EDT NEW YORK (CNNMoney.com) -- New filings for unemployment claims surged in the latest week to the highest level since September 2005, according to a government report released Thursday. The Labor Department said applications for unemployment benefits rose to 407,000 in the week ended March 29, up from a revised 369,000 claims in the previous week. The last time claims were this high was in the week ended Sept. 17, 2005, just after Hurricane Katrina hit the Gulf Coast. A consensus of economists polled by Briefing.com had expected initial jobless claims to fall to 365,000 from the originally reported 366,000. "There has been a slow deterioration in the labor market," Paul Kasriel, chief economist with Northern Trust, said. "We're starting to see a speed-up in this deterioration," he added. The surge in jobless claims comes a day before the government's closely watched March employment report. Economists surveyed by Briefing.com expect that report to show a decline of 50,000 jobs. The job market has suffered from the deepening economic slump. On Wednesday, Federal Reserve Chairman Ben Bernanke told Congress that a "recession is possible," and that the economy could contract over the first half of the year. The Labor Department said over the past four weeks, a running average of 374,500 people filed new claims per week, up 4.4% from the previous week's revised average of 358,750. In the year-ago period, the average was at 311,750. "There's been a steady increase in claims which is consistent with a slowing economy," said Michelle Meyer, economist with Lehman Brothers. Continuing claims for those already receiving benefits rose to 2.9 million in the week ended March 22, the most recent week available. That's up from a revised 2.8 million reported for the prior week, matching the four-week average. New jobless claims in Pennsylvania increased the most in the week ended March 22, the report showed. Michigan saw the biggest drop, with first-time claims falling 7,660 due to fewer layoffs in the automotive industry. |
Unemployment claims up...again.
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Unemployment claims up...again.
Jim wrote:
I am having a hard time You don't need to convince me of that. |
Unemployment claims up...again.
"HK" wrote in message ... Jim wrote: I am having a hard time You don't need to convince me of that. Idiot! |
Unemployment claims up...again.
On Apr 3, 12:56*pm, "Jim" wrote:
"HK" wrote in message ... Jim wrote: I am having a hard time You don't need to convince me of that. Idiot! His BFF JimH taught him how to snip words out of someone's post to make it sound entirely different. It's almost as low as Harry hiding behind his precious Bozo's bin insulting and name calling. |
Unemployment claims up...again.
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Unemployment claims up...again.
On Apr 3, 2:18*pm, "JimH" wrote:
"John H." wrote in message ... On Thu, 3 Apr 2008 10:14:59 -0700 (PDT), wrote: On Apr 3, 12:56 pm, "Jim" wrote: "HK" wrote in message ... Jim wrote: I am having a hard time You don't need to convince me of that. Idiot! His BFF JimH taught him how to snip words out of someone's post to make it sound entirely different. It's almost as low as Harry hiding behind his precious Bozo's bin insulting and name calling. I only see one person calling names and it isn't Harry.- Hide quoted text - - Show quoted text - Really? You haven't seen the name calling that Harry does here daily? That's almost as incredible as you trying to say you haven't told vicious lies about me, my wife and my children!!! |
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