Applications for US jobless aid fall to 278,000
Source: AP-Excite
By JOSH BOAK
WASHINGTON (AP) Fewer people applied for U.S. unemployment benefits last week, adding to signs that the job market should continue to improve.
The Labor Department said Thursday that weekly applications fell 10,000 to a seasonally adjusted 278,000. The four-week average, a less volatile measure, declined 2,250 to 279,000, the lowest level in more than 14 years.
Applications are a proxy for layoffs and have retreated 18.5 percent in the past year. This suggests rising economic confidence among businesses, leading them to keep their workers and potentially look to hire more employees.
The decline in applications has overlapped with stronger hiring this year.
FULL story at link.
In this Monday, Oct. 6, 2014 photo, Jonathan Alsina, 25, of Miami, fills out paperwork before being interviewed during a job fair at Fontainebleau Miami Beach in Miami Beach, Fla. The Labor Department releases weekly jobless claims for the week of Oct. 27 on Thursday, Nov. 6, 2014. (AP Photo/Wilfredo Lee)
Read more: http://apnews.excite.com/article/20141106/us--unemployment_benefits-ad6006c3b1.html
hobbit709
(41,694 posts)Here in TX you're screwed if you were part-time or had not worked enough in the previous 5 quarters. So why bother wasting time and gas to apply when you know you're getting nothing.
JoePhilly
(27,787 posts)hobbit709
(41,694 posts)When you look around at all the people barely getting by because they're getting screwed by the system being stacked against them, you tend to take these "wonderful" announcements with a grain of salt.
But then if everything is so rosy, why do we need cheerleaders to convince us?
JoePhilly
(27,787 posts)You however, took an actual statistic, based on real data .... and then decided it had to be wrong, with no supporting data of your own.
That's not taking the stat with a grain of salt ... its making shit up.
candelista
(1,986 posts)"Actual statistic"? "Based on real data"?
For one month? Meaningless.
JoePhilly
(27,787 posts)... sparky?
candelista
(1,986 posts)JoePhilly
(27,787 posts)You clearly do not.
candelista
(1,986 posts)Why not share? Give us a graph. Do some work.
But you should feel free to cure your own knowledge gaps.
I mean, if you are going to comment on the economy and jobs statistics, it helps if you know something about the data.
taught_me_patience
(5,477 posts)This is a very low number and the trend is down over the last several years. You could possibly argue that new job creation is too slow... but that is a completely unrelated to this statistic.
JoePhilly
(27,787 posts)Just a standard part of DU's charm.
underpants
(182,271 posts)Dopers_Greed
(2,640 posts)Now all future positive jobs reports will be chalked up by the media to "Repubs taking the Senate"