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#1 May 20 2010 at 1:45 PM Rating: Decent
Since most of the liberals here seem to be under the delusion that the economy is recovering what do you have to say to this.

Quote:
WASHINGTON – The number of people filing new claims for unemployment benefits unexpectedly rose last week by the largest amount in three months. The surge is evidence of how volatile the job market remains, even as the economy grows.


Not unexpected for conservatives and small business owners.

Quote:
In a separate report, a private research group said its index of leading economic indicators dipped slightly in April. It was the first decline in more than a year. Six of the 10 components on the Conference Board's index deteriorated. Among them: U.S. residents filed fewer applications to build homes; vendors were slower in delivering supplies to companies; the unemployed filed more claims for jobless aid; and consumers' confidence dropped.



As it gets worse watch the media continue to ignore the significance the continued decline will have on the the Nov elections.

And as it get's worse watch the ever popular liberal media tag line UNEXPECTED be used on a more consistent basis.

#2 May 20 2010 at 1:59 PM Rating: Excellent
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knoxxsouthy wrote:
Since most of the liberals here seem to be under the delusion that the economy is recovering what do you have to say to this.

Market recovery isn't a straight shot up?
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#3 May 20 2010 at 2:00 PM Rating: Good
Jophiel wrote:
knoxxsouthy wrote:
Since most of the liberals here seem to be under the delusion that the economy is recovering what do you have to say to this.

Market recovery isn't a straight shot up?

Why do you hate black and white?
#4 May 20 2010 at 2:01 PM Rating: Excellent
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I was raised to be racist.
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Belkira wrote:
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#5 May 20 2010 at 2:12 PM Rating: Decent
Moebius,

Hey the Obama in chief says we're in the middle of a recovery so it must be true right?

#6 May 20 2010 at 2:19 PM Rating: Excellent
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You know what's black & white?

Obama.
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Belkira wrote:
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#7 May 20 2010 at 2:24 PM Rating: Decent
Jophiel wrote:
You know what's black & white?

Obama.


Smiley: lol
#8 May 20 2010 at 3:01 PM Rating: Excellent
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Quote:
The surge is evidence of how volatile the job market remains, even as the economy grows.
Shocking, things aren't perfectly stable yet.
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#9 May 20 2010 at 3:32 PM Rating: Good
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Jophiel wrote:
You know what's black & white?

Obama.


I was going to turn that into a "black and white and red all over" joke, but I fear the Secret Service... ;)
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#10 May 20 2010 at 3:53 PM Rating: Decent
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It's all in the phrasing gbaji.
#11 May 20 2010 at 4:00 PM Rating: Good
Worst. Title. Ever!
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My dad recently filed for unemployment. His job was barely holding on throughout the whole downturn thing, and finally the company he worked for didn't have enough money to keep the doors open any longer. He works in the lumber industry, mostly custom cabinetry and molding, etc. I was surprised that they held out through the housing market crash, since it was pretty much their only customers.
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#12 May 20 2010 at 4:10 PM Rating: Excellent
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gbaji wrote:
I was going to turn that into a "black and white and red all over" joke, but I fear the Secret Service... ;)

I was warned about you in a DHS report.
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Belkira wrote:
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#13 May 20 2010 at 5:17 PM Rating: Excellent
Census jobs are ending too.
#14 May 20 2010 at 6:27 PM Rating: Good
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catwho wrote:
Census jobs are ending too.


Yup. I think the point is that the article calls this "unexpected", when there were a whole bunch of people who said that temporary jobs, especially those created by the government (whether as part of the stimulus or not), aren't signs of real economic recovery. We saw the same slew of reports about "unexpected" increases in jobless claims right at the beginning of the year, even though everyone should have known that there's a whole lot of seasonal work that goes away right then.

In the grand pattern of political spin out there, this is hardly even a blip to be honest. But it's still valid to point out and laugh about I suppose...
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#15 May 20 2010 at 6:36 PM Rating: Decent
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Jobs are not really an indicator of the economy recovering. Jobs are more a sign that the economy has been recovering for a while, and may even be somewhat recovered.
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#16 May 20 2010 at 7:05 PM Rating: Decent
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Sir Xsarus wrote:
Jobs are not really an indicator of the economy recovering. Jobs are more a sign that the economy has been recovering for a while, and may even be somewhat recovered.


Huh? I think you're trying to talk about leading and trailing indicators, but you kinda butchered that one.
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#17 May 20 2010 at 7:22 PM Rating: Decent
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gbaji wrote:
Sir Xsarus wrote:
Jobs are not really an indicator of the economy recovering. Jobs are more a sign that the economy has been recovering for a while, and may even be somewhat recovered.


Huh? I think you're trying to talk about leading and trailing indicators, but you kinda butchered that one.
not particularly, but I guess when you're trying to distract from the point it makes sense to fabricate criticism. Either that or your reading comprehension really needs work.
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#18 May 20 2010 at 7:31 PM Rating: Decent
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Seriously? You wrote this:

Quote:
Jobs are not really an indicator of the economy recovering. Jobs are more a sign that the economy has been recovering for a while, and may even be somewhat recovered.


And you're criticizing my reading comprehension? How about just starting over?
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#19 May 20 2010 at 7:51 PM Rating: Decent
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Smiley: laugh See the funny thing is that you understand what I said, but don't want to address it and so instead fabricate criticism. I sort of feel bad for you that I had to actually explain it. I wonder if it's a conscious process.

It's even funnier because the post wasn't really aimed at you but rather at varrus, who actually doesn't seem to understand.

Edited, May 20th 2010 10:59pm by Xsarus
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#20 May 20 2010 at 8:08 PM Rating: Decent
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So you were trying to talk about trailing and leading indicators? It wasn't clear from your response whether I was right about that. Look. I'm not trying to distract from the topic. I honestly read your post and scratched my head trying to figure out what you were trying to say. I guessed at what I assumed would be the only possible rational explanation.

All you had to do was say "Yeah. That's what I meant to say, and I did kinda mangle it", and we'd have just gone on our merry way. But hey. You want to get all upset at legitimate criticism and questions about your post, by all means, go ahead!


So, having gotten that out of the way, what point were you trying to make? Yes. We all know that employment is a trailing indicator. So what do you think that means? Does it mean that the economy is getting better, but it's taking a bit more lag time for employment to catch up? Or are the leading indicators which we're all reading as a recovering economy actually misleading us and the economy is really still in the basement? And if that's the case, what is preventing the recovery we're seeing in the business and financial sectors from trickling down to the average joe on the street?
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#21 May 20 2010 at 9:57 PM Rating: Good
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Quote:
So you were trying to talk about trailing and leading indicators? It wasn't clear from your response whether I was right about that. Look. I'm not trying to distract from the topic. I honestly read your post and scratched my head trying to figure out what you were trying to say. I guessed at what I assumed would be the only possible rational explanation.
Really? Seriously? I reread it, and if you honestly were super confused as to what it meant then I have to wonder. What part was confusing to you? Anyone else want to pitch in? Was my post indecipherable? Did it only make sense to me because I wrote it? If so, I apologize.

Gbaji wrote:
last paragraph
The article quoted said that the job market was still volatile, even as the economy grew, and from this varrus concluded that the economy was doomed. This seems like a strange conclusion to arrive at based on the quote he provided. Pretty much all of the thread was just making fun of that.

Why are jobs slow? well because people are cautious following a crash, and it'll take a while before they start growing again. At first they'll look for growth opportunities that require a less long term commitment then hiring a bunch of new people and training them. You know all this though. Is it taking longer then usual this time? I have no idea. I do know that a lot of US businesses have reversed their policy of the last little while and are expanding and generating work again.

Edited, May 20th 2010 11:00pm by Xsarus
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#22 May 21 2010 at 2:47 PM Rating: Excellent
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We're doomed! DOOOOOOOOOOOOMMMMMMED!!!!!!!
Bloomberg wrote:
May 21 (Bloomberg) -- Payrolls increased in 38 states in April, led by Ohio, Pennsylvania and New York, indicating the recovery in the labor market is becoming more broad-based.

Employers in Ohio boosted staff by 37,300 workers last month, the biggest jump in 22 years, the Labor Department said today in Washington. Those in Pennsylvania added 34,000 workers, and employment in New York climbed by 32,700.

The number of states showing payroll gains increased from 33 in March. Nationally, the U.S. has added jobs five of the past six months and payrolls increased by the most in four years in April, according to Labor Department data released May 7.

"It's nice to see that job gains are not only well- distributed as far as industries are concerned, but also geographically," said Joel Naroff, president of Naroff Economic Advisors Inc. in Holland, Pennsylvania. "That may be the clearest sign that we’re going to see a recovery in the labor markets."

Stocks rebounded following the biggest drop in a year yesterday as investors speculated equities fell too much this week on concern about Europe’s debt crisis. The Standard and Poor's 500 Index climbed 1.5 percent to close at 1,087.69.
[...]
Today's report also showed unemployment decreased in 34 states in April and rose in six, indicating the unexpected jump in U.S. joblessness last month was not widespread. South Carolina showed the biggest decrease in unemployment, with the rate falling to 11.6 percent from 12.2 percent in March. Nevada had the biggest increase as unemployment climbed to 13.7 percent, a record for the state in data going back to 1976, from 13.4 percent.

Nationally, unemployment jumped to 9.9 percent in April, from 9.7 percent a month earlier, as jobseekers reentered the labor market in hopes of finding work as the economy improved. The jobless rate reached a 26-year high of 10.1 percent in October.
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#23 May 21 2010 at 3:04 PM Rating: Decent
Obama's economic recovery in full swing;Smiley: oyvey

Quote:
The Dow slid 376.36 points, or 3.6%, to end down 10068.01, off 10.2% from its 2010 high and its biggest point drop since Feb. 10, 2009. The S&P fell 3.9% to end at 1071.59, down 12% from its high, its biggest point drop since Jan. 20, 2009. Every Dow component was down and only three stocks gained in the S&P.



Quote:
The Nasdaq Composite Index, which first moved into correction territory on May 7, has moved back and forth above the 10%-down threshold since. But it is now back below the mark after plunging 4.1% on Thursday to end at 2204.01, off 12.9% from its 2010 high.



Quote:
New data added to the worries about the U.S. economy with an unexpected surge in initial claims for jobless benefits.


Only unexpected to liberal democrats.

http://online.wsj.com/article/SB10001424052748703559004575255961695406510.html?mod=WSJ_hps_MIDDLETopStories





#24 May 21 2010 at 4:23 PM Rating: Excellent
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You forgot this:
Quote:
Shares of industrial and commodity-producing companies led the decline as worries mounted that Europe's debt woes and a possible slowdown of growth in China will sap global demand. Other markets around the world, from the Australian dollar to metals, tumbled as investors shed riskier assets in favor of safer bets such as U.S. Treasurys.

Blame Obama!

Hahahahaha....
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