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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.
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
- yutsnarkLv 79 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?
- Vito1964Lv 79 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 79 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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- 9 years ago
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.
- mommanukeLv 79 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 44 years ago
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- Anonymous9 years ago
obama is reducing the size of the workforce by signing people up for SSI. This reduces the unemployment rate.