Weekly Initial Unemployment Claims: Still Suggesting Job Losses
Submitted by
CalculatedRisk on Thu, 03/11/2010 - 5:39am (43 comments)
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Jobs are so 20th century. The Obelisk of Ponies will lead us to the new future of man.
Briefing.com: Stock Market Update
Off topic: Anyone having a problem with CR page loading? I've had two complaints about the site not loading - I've removed "ShareThis" to see if that might be the problem. Or it could be the sitemeter.
best to all
One clear improvement. No snow storm excuses.
Americans' Global Warming Concerns Continue to Drop
Good morning!,
Throw another Cow Chip in the fire, the Snow did it!
Site is loading fine for me.
Foreclosure rates up by smallest amount in 4 years - Yahoo! Finance
Probably more relevant to the last posting.....
suggests continuing job losses at the beginning of March.
but but but that can't be. We are a quarter of the way through march and all the talking heads/administration types the past week have been calling for six figure job gains in march due to all the february snow.
Wasn't it back in April/May of last year that the optimists said "jobs are a lagging indicator." By the time they stop lagging, we may be into the next recession.
February's snows evolve into March's snow job
CR, I have to reload a comment several times sometimes. But today doesn't seem much different from any another morning. It eventually gets posted.
I think it's because of the weather...
Site is loading just fine for me too but I don't use widgets or stuff like that.
Meanwhile, I suggest some more senior lawyers need to get in on the new hires which represent shareholders/taxpayers.
Ex-Bank of America Officials Win Dismissal of Some SEC Claims - Bloomberg.com
Good morning,
In flyover, the snow on the ground has been rapidly melting, with patches of bare dead grass starting to show up. Between the light rains and temperatures which haven't dropped below freezing in several days, the change of seasons seems eminent. I will note that every morning does start with moderate to heavy fog with all the moisture in the air, making visibility for the morning commute challenging, assuming you still have a morning commute.
Hope these weather metaphors don't get out of hand.
Trade Gap in U.S. Unexpectedly Falls as Oil, Auto Imports Drop - Bloomberg.com
iceman wrote:
This is not a normal recession. The severity of the job losses and since they are structural (most aren't coming back) are causing secondary effects, including additional foreclosures and massive credit card write offs.
SPOOL:
the change of seasons seems (unexpectedly) eminent.
If they're going to continue being such bad expectors, at least add some humor:
Economy Unexpectedly Remains In The Shitter.
.......do I see the start of another "ear" of the "double-dip" starting? Looks kinda like the start of the 1980 & 1981 and a half figures.
I just don't see who is going to be hiring. One recent article suggested Accenture at 9K, but I'm not sure how that system works, or if those are the kinds of jobs that people consider jobs.
States and cities are increasing revenues and reducing costs every way they can, and we are hearing nothing but trouble from folks in the patent field.
I honestly think maybe the government should try to provide help to folks to start their own businesses. It just doesn't seem that a job will be available for everyone who wants someone to give them a job.
Mish's Global Economic Trend Analysis: Miami-Dade Hospital in "Death Spiral"; County on the Hook for Union Salaries
Is this the hospital LL was referring to last night? Or was it CK?
Rescue the banksters - send the bill to the serfs. That's freedom in America.
"Rescue the banksters - send the bill to the serfs."
would that mean bernanke is king and geithner queen and obama the court jester... trying to work on a feudal analogy... hmmm.
btw,, a company that i used to work for (got laid off - they luckily got bailout funds but at the expense of moving corporate headquarters for bank loan from buddies in BoA!!!!)
anyhow, they are closing another plant! this town already lost two manufacturing plants in last year (and countless others since the recession of early 2000)
God bless the bankers, for they will care for us peasants.
cr
i get a" an add on this site failed on run. check seurity settings in internet options for potinal conflic"havent changed my security setting. and can enlarge graphs,so i just hit the little x and close it out. doesnt seem to do anything different except the warning banner above the main banner. just a heads up. trying to help.
dum luk we could use rain.as an excuse. or sun or wind
Wasn't it back in April/May of last year that the optimists said "jobs are a lagging indicator."
I clearly recall many economists during that time frame saying we would have positive job growth by Q4 2009.
Perhaps it works like this:
Jobless "recoveries" lead to bigger recessions.
Job loss "recoveries" lead to depressions (at least for Main St.).
Just thinking out loud here.
This is some positive green shoots created or saved jobs report, I'm watching CNBS pep rally news.
Nanno,
What ? Everyone was cheering when Bush appointed those judges !!! It's not the fault of the lawyers. Oh wait - those are SEC lawyers - well they knew they were selling out so it shouldn't count.
Everything is going to be fine as long as Lloyd Blankfein and the Goldman crew are doing "God's work".
We're "blessed" that Bernanke saved Goldman.
Forget the
meet the black penguin...
All-black penguin discovered
time jumps ahead one hour unexpectedly on sunday 3/14/10
Mr Slippery wrote:
Yup; that's been an argument for govt. intervention in the past. Keep the downturn short enough and thing return to normal rather quick. Unfortunately, if the downturn lasts long enough, the effects of the downturn begin to become self perpetuating. Between foreclosures and loss of home equity, the ability of folks to create small businesses that might employ others has been vastly diminished.
Perhaps we need one of those schemes we've advocated for poor third world countries where agencies provide mirco-capital to individual with a business plan. The SBA really doesn't want to be involved with truly small companies. They consider small companies to be those under 500 or so, and they expect revenue streams, etc. It's tough for little guys.
CincoX,
The word union will start popping up a lot more as state and local governments run out of money. Fed can print their way forward.
Trade deficit (unexpectedly?) better than expected, due to decreased oil imports. Hmmm. An oil-less recovery as well.
And if rail traffic is down yoy, down from the armageddan levels of last year, what doth this suggest?
No doubt we'll see a few months of job gains in the near future. Then the FY2011 budgets at the state/local level kick in and boot a lot of people off the payroll. Coupled with the census letgos in H2 and we'll see more negative job months as the
makes an appearance later this year.
i disagree angry paulson saved goldman,timmay was the bag boy and bb was left holding the bag full of black rams wool. imo
and im
Miami-Dade Hospital in "Death Spiral"; County on the Hook for Union Salaries
The roof the roof the roof is on fire
we don't need no water
let the motherfucker burn
burn, motherfucker
burn
YouTube - Bloodhound gang - The roof is on fire
Hire more census workers!
CR - the four week average was 475,500. You've got the previous week's average.