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  • Jobless Claims in U.S. Increase More Than Forecast

    From bloomberg.com

    More Americans than projected filed applications for unemployment benefits last week, bringing a halt to the recent progress in the labor market. First-time jobless claims rose by 16,000 to 357,000 in the week ended March 23, the highest level in more than a month, Labor Department data showed today in Washington. The median forecast of 48 economists surveyed by Bloomberg called for an increase to 340,000. The four-week average climbed from the lowest level in five years. Consumer spending has continued to climb even after lawmakers agreed to let the payroll tax rise by 2 percentage points in January, giving ... (full story)

  • #1
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  • Mar 28, 2013 9:28am Mar 28, 2013 9:28am
where can i see the dolar usa rate or Yen rate ?
  • #2
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  • Mar 28, 2013 9:35am Mar 28, 2013 9:35am
It is only the continuing printing of money that is helping the US economy, it is being used to under right the housing market a key indicator of consumer confidence, but all they are doing is causing yet another housing bubble, for sure it will all end badly
Some people say I'm lucky, but the more I practice the luckier I get
  • #3
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  • Mar 28, 2013 9:38am Mar 28, 2013 9:38am
It is remarkable that after the gargantuan rescues, the rounds of QE, the bailouts, the explosion of the national debt by $6 trillion and the adoption of zirp, the USA growth is, (in reality), still zero.
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  • Mar 28, 2013 9:50am Mar 28, 2013 9:50am
As an economist once said...

If this is the Obama recovery, imagine the upcoming Obama recession.
  • #5
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  • Mar 28, 2013 10:46am Mar 28, 2013 10:46am
Pure garbage again. Yeah, we gained jobs and UP dropped to 7.7 but yet there are more folks applying for UP benefits?

I'm almost starting think these idiots believe their own lies now...LOL

Actually Squeeze, I'd bet if the "real" numbers came out, they'd show a contraction, not just zero growth.
Ghost Rider - WWTBMD?
  • #6
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  • Mar 28, 2013 10:47am Mar 28, 2013 10:47am
Quoting JollyBean
As an economist once said...

If this is the Obama recovery, imagine the upcoming Obama recession.
Trying not too.
Ghost Rider - WWTBMD?
  • #7
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  • Mar 28, 2013 10:55am Mar 28, 2013 10:55am
First time in living memory that Bloomberg headline about bad news report on US economy didn't say "unexpectedly."

Have they just been cheerleaders for the Obama regime or morons?
  • #8
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  • Mar 28, 2013 10:57am Mar 28, 2013 10:57am
iirc the US has lost circa 2 ml jobs (net) since 2008...



Quoting albchr
Pure garbage again. Yeah, we gained jobs and UP dropped to 7.7 but yet there are more folks applying for UP benefits?

I'm almost starting think these idiots believe their own lies now...LOL

Actually Squeeze, I'd bet if the "real" numbers came out, they'd show a contraction, not just zero growth.
  • #9
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  • Mar 28, 2013 10:59am Mar 28, 2013 10:59am
Just to add apparently 5ml jobs have been created in the USA since 2008, but circa 7ml were lost. However, some estimates put the number of lost jobs at 9ml
  • #10
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  • Mar 29, 2013 10:46am Mar 29, 2013 10:46am
I am curious: Just about every website I get to, critizises the current Administration's political and financial policies. IMO, rightly so,........BUTTTT!!!!! Who and where are the people that voted for this administration? I never see anybody defending socialism on any webpage dealing with either money or social policies. IS it becasue they believe they do not have to , now that they have won? Or is is becasue the people that voted in this administration have voting power but no capital to risk?
Just wondering.
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