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UnoU asked in Politics & GovernmentPolitics · 9 years ago

More people file for unemployment this month but the rate stays under 8%? Why is that?

http://news.yahoo.com/jobless-claims-rise-sharply-...

And See the first paragraph of this article?

"The number of Americans filing new claims for jobless benefits spiked last week, reversing a sharp decline in the prior week but still pointing to a labor market that is slowly healing."

Only idiotic Liberals think a spike of unemployment is a good news.

Update:

Remember how YAHOO Sent "Breaking News" to its own front page when the unemployment rate dropped below 8%???? and I could hardly find this news anywhere until deep in the financial section!

8 Answers

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  • 9 years ago
    Favorite Answer

    they dont change the unemployment rate till the month is over

  • 9 years ago

    Others have already pointed out the "month" vs "week" issue. Also note, later in the article, that hiring has increased. That means that, even though there were more initial claims for unemployment, there were also more people getting jobs, which removes them from the ranks of the unemployed.

    I haven't met any idiotic liberals who think a spike in unemployment is good news. Do you have a particular I.L. in mind?

  • 9 years ago

    I think you need to actually read the article, because you've got it wrong.

    You say: "More people file for unemployment this month "

    The article says: "average of new claims rose 750 last week to 365,500. A month ago that figure stood at 378,500."

    So like I said, go back and actually read the article, because you've misunderstood it.

  • ?
    Lv 7
    9 years ago

    The decrease in unemployment is due to apathy in this country, people are giving up on finding work. Stop looking for a job and you become magically employed in the Obamanation.

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  • do you know the difference between week and month?

    and September and October?

    apparently not?

    did you even read the story at all? lol

    EDIT: key sentence: "Within the jobless claims report, the four-week moving average of new claims rose 750 last week to 365,500. A month ago that figure stood at 378,500."

    that means that it's overall, on a monthly average, better than last month... could see it go down again in Oct.

  • 9 years ago

    Because you have missed the part of the sentence that says "last week". The unemployment statistics are issued on a monthly basis.

  • ?
    Lv 4
    4 years ago

    properly weedhopper, quiet down, and chillax slightly...... while Dub and the Chane guy ran our financial gadget into the floor with 2 wars, one that became into pointless to "avenge" Dub senior, it created a vortex that has sucked our usa to the edge of disaster. It took 8 years of Dub's mismanagement, and it will probably take that plenty or extra to get us returned on the right song. we are in a position to make it returned, in spite of the undeniable fact that this is going to take a comfortable hand, passing up the prospect to initiate yet another conflict, even nonetheless the Gop looks to appreciate the seen commencing yet another. we won't be able to police the international, as quickly as we've ten p.c. and extra unemployment and maximum of our manufacturing ability has been shipped foreign places to fill the Gop wallet with elementary money. possibly some real patriot organisation human beings will come to a kind to do the wonderful factor and produce manufacturing returned to the U.S. to help rebuild our super usa? Oh, our contemporary prez became into voted in by potential of a landslide in political words. i think of he's doing ok below the situations. maximum life like human beings understand, it may't be elementary, or in one day. carry in there, we are in a position to do this, confident we are in a position to!

  • Anonymous
    9 years ago

    obama is reducing the size of the workforce by signing people up for SSI. This reduces the unemployment rate.

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