Jobless Claims Fall to 881,000, Lowest Since Pandemic Hit

Discussion in 'Wall St. News' started by Bugsy, Sep 3, 2020.

  1. LacesOut

    LacesOut

    Hahaha. This is great. Libtards are fucking morons. Begging the question: how Can a 12 year old have political views?
     
    #21     Sep 3, 2020
  2. Turveyd

    Turveyd

    Lefties are a hatefilled people, you'd expect the opposite, but disagree with them and it's a personal attack and you've called them stupid and they will get angry.

    Mate got Angry, he believes in 2nd wave and we all have to behave, couldn't accept nobodys been listening to the muppets for 3months+ and zero sign of a 2nd wave anywhere, got angry and stormed off, while being in the town with everyone walking around like normal.
     
    #22     Sep 3, 2020
  3. Sig

    Sig

    Back to the topic of the thread....these are new unemployment claims. It doesn't mean unemployment has gone down, it means generally that the rate at which people are losing their jobs is going down. At the point 100% of Americans were unemployed, for example, this indicator would show zero new unemployment claims. That wouldn't indicate the economy had gotten any better!

    In this case it just indicates things aren't getting worse quite as fast as they were. Not that things are getting better, wrt unemployment at least.
     
    #23     Sep 3, 2020
    apdxyk likes this.
  4. Cuddles

    Cuddles

    topic breitard will never cover:
    https://www.axios.com/unemployment-...nge-2e150e16-5846-4ca6-b158-914783f01e39.html
    Labor Department admits seasonal adjustment distorted unemployment data

    also
    politics>>>
    [​IMG]
     
    #24     Sep 3, 2020
    VicBee likes this.
  5. VicBee

    VicBee

    #25     Sep 3, 2020
  6. destriero

    destriero

    #26     Sep 3, 2020
  7. Overnight

    Overnight

    What about people whose state unemployment ran out last month, and are filing new claims for the next 6 months?
     
    #27     Sep 3, 2020
  8. Sig

    Sig

    It's actually called the Initial Jobless Claims number, or colloquially "First Time" jobless claims. It wouldn't count someone who was already on unemployment, the whole point of the report is to provide an additional piece of data to the overall unemployment numbers to show the first derivative or acceleration/deceleration of new unemployment.
     
    #28     Sep 4, 2020
    VicBee likes this.