U.S. jobless claims drop to 41-1/2-year low

[fasttense]

50. Yes, yes, yes it's initial. But do you NOT think people are noticing?

If 1.3 million people were kicked off, that means there are 1.3 million people who can re-apply if they found jobs. But since they didn't find jobs they can't reapply. So it does impact the "initial" claims because initial includes those people who went back to work and then lost their jobs yet again and re-apply. Those people are counted as initial too. Continuing includes those who still have the little bit of benefits they haven't used up yet. NOT people who have applied for the second lost job.

Also do you not think screaming headlines telling you your unemployment benefits require piss tests for a lousy $60 a week is going to encourage people to apply? Do you think state senators telling you that you can't spend your unemployment on this and on that and that you have to prove you applied for crappy little jobs every week will make you apply? Do you think people didn't hear about the 1.3 million kicked off the rolls and think what's the use? Do you think the ever increasing bureaucratic paperwork, tests, controls and limitations on spending of benefits money encourages people to apply for unemployment?

As I said the drop in INITIAL CLAIMS FOR UNEMPLOYMENT is not about jobs coming back, it's about austerity.

"Economists generally agree that jobless claims above 400k signals contracting unemployment. When jobless claims are below 300k, employment is growing at a very nice rate. Now that it's at 250k, with the number of employed at an all time high, it means employment is rocketing upward."

Yeah and Economists generally agreed there was no recession until the crash and then surprise, surprise, there was one that had been on going for over a year.

You can consider it employment if you want but crappy little part time jobs at crappy little pay are merely "waiting around for something better" jobs. They are crappy and people only do them because they have no other choice. Most of those crappy little jobs would have either remained vacant in better economic times or they would have huge turnover rates. Obama and RepubliCONS call it employment, real people call it crap.

Most of the people I know who got fired during the beginning of the recession are either still unemployed or working part time crappy jobs. So technically the recession ended but in the real world the only ones who are doing well are the uber rich.

Keep feeding the propaganda machine and tell us serfs how wonderful the economy is but as for me, I'm going to believe my lying eyes.