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Weekly Jobless Claims Fall Again

Mar. 14, 2013 8:35am

Hello, Thursday! What does our weekly jobless claims report look like?

Applications for jobless benefits declined by 10,000 for the week ending March 9, bringing the total to 332,000, down from last week’s revised figure of 342,000, the Labor Department announced on Thursday.

This reduces the average number of weekly applications last month to a five-year low.

The four-week moving average, a “less volatile” figure, fell by 2,750, bringing the total to 346,750, down from last week’s revised average of 349,500.

“The advance seasonally adjusted insured unemployment rate was 2.4 percent for the week ending March 2, unchanged from the prior week’s unrevised rate,” the report reads.

“The advance number for seasonally adjusted insured unemployment during the week ending March 2 was 3,024,000, a decrease of 89,000 from the preceding week’s revised level of 3,113,000. The 4-week moving average was 3,098,250, a decrease of 28,250 from the preceding week’s revised average of 3,126,500,” it adds.

The states with the largest increases in initial claims for the week ending March 2 were California (+11,720), New York (+7,900), Missouri (+2,722), Kansas (+1,419), and Washington (+813).

Meanwhile, Massachusetts (-4,193), North Carolina (-1,146), Connecticut (-913), Michigan (-909), and Florida (-726) posted the biggest decreases in initial claims.

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Comments (33)

  • truthhasno
    Posted on April 5, 2013 at 3:48am

    The Indicator of Unemployment is:
    Count How Many Poeple are WILLING to Work
    Then Count how may do not have a Job
    nothing else
    - johnny getting $30 for baby sitting saturday night does not count as employment
    - A Parent who has decided to be a stay at home mom or dad does not count as unemployment

    Its so simple
    And Who Says Both Mom and Dad have to have a Job?
    This Whole Employed / unemployed thing us simply a distraction
    From The Real Issued of An Economy Driven Only By International Debt and Government Spending

    Report this comment

    truthhasno  
  • betterpart
    Posted on March 15, 2013 at 5:27am

    All this really amounts to is that more people have their unemployment benefits expired and can no longer (re)apply. If you look around at the economic health even within our own neighborhoods, it can be easily seen the economy and full-time gainful employment is just as comatose as it was last month as it was in the past 4+ years.

    Report this comment

    betterpart  
  • The Eradicator
    Posted on March 15, 2013 at 1:36am

    Sadly, there are people in this world who don’t understand and they are being played like a harp from hell. It’s so simple, even Bush blaming Jrook can understand it, that is, if Jrook would like to. You see, what’s going on is very simple. The FED is pumping printed cash, newly printed cash into the market, at nearly $85 BILLION per month. Investors are taking that money and jamming all they have into equities, a real financial grab…or in this case, a bloated bubble. When, or if, the printers stop, we will be faced with a dilemma….should the FED raise interest rates, Americans across this nation will stop purchasing altogether. And you know why they will stop purchasing?…it’s because the market is not a reflection of the economy anymore; people have had stagnant in one for the last several years. Employers are doing more with less, which allows them to fill up their coffers. So naturally, the investor bites. Wall Street, Pennsylvannia Ave get the riches while Main St gets the stagnant remains.

    It’s not rocket science. But if you choose to look away, you will get pummeled by the blast of this massive, over grown, bloated, dead whale that has sat on the beach for far too long stock market. When, not if, it crashes.

    Report this comment

    The Eradicator  
  • media-bias-steals-elections
    Posted on March 14, 2013 at 3:33pm

    Oh my, they found the God particle? Wait, ooops, my bad, that was reserved for the food stamp report numbers? False alarm, again?

    Report this comment

    media-bias-steals-elections  
  • wwotp
    Posted on March 14, 2013 at 2:42pm

    How many people are losing part-time jobs that they took because they couldn’t find any work in their field? I’m sure that companies are shedding part-timers, who don’t qualify for unemployment, because those workers have had their full-time hours cut to part-time hours to get under the number so Obamacare doesn’t hit them. When someone is cut from full-time to part-time to a couple of hours a week so they quit, they can’t apply for unemployment. Those people who get crunched are not being counted anywhere. A small business who wants to get under the magic number without having their unemployment insurance skyrocket have chosen to do this in order to keep their business afloat. Just counting unemployment applications and benefits does not show this. And I am certain that it is happening. Just because the MSM can bully those who actually are “transparent” about their strategy for dealing with the Obamacare Armageddon, doesn’t mean there aren’t 30 or so others doing the same thing … very very quietly. If you get off unemployment, like myself, because you are finally making a bit more than the unemployment benefits because you are working multiple jobs that total up to about 1/3 of what I usually make, are not being counted anywhere. Just like those that can’t even find work and run out of benefits.

    Report this comment

    wwotp  
    • JRook
      Posted on March 14, 2013 at 2:48pm

      I do miss the insightful, biased editorial comments that accompany jobless claim reports when the number goes up. But I’m sure lack of comments when the number goes down and their is positive things that could be mentioned is merely to maintain the Truth with an Agenda policy.

      Report this comment

      JRook  
    • bullcrapbuster
      Posted on March 14, 2013 at 3:07pm

      Hey Rook, look around,the economy is stagnating,but then anything that you have to say is tainted by your extreme left wing ideology.

      Report this comment

      bullcrapbuster  
  • SGT Rock
    Posted on March 14, 2013 at 2:31pm

    Jobless rate drops as Foodstamp recipients climb. Thinks that make you go HMMMM.

    Report this comment

    SGT Rock  
    • JRook
      Posted on March 14, 2013 at 2:44pm

      Ok first of all Bush expanded and loosened the requirements for food stamp eligibility. Second, it was and is the Bushes trashing of the economy during his last year and a half in office that caused the spike in claims. Third and most importantly do some work and research who actually lobbies for food stamps. Hint, its not the poor it is the food producers and food suppliers. Just trying to get their share of federal spending like military contractors, infrastructure contractors, IT companies, energy companies, etc.

      Report this comment

      JRook  
    • bullcrapbuster
      Posted on March 14, 2013 at 3:10pm

      C’mon Rook stop lying. Take your extreme views to the Huffpo.

      Report this comment

      bullcrapbuster  
  • Viking64
    Posted on March 14, 2013 at 1:28pm

    Anyone to stupid to understand the real actual unemployment numbers is either not looking for work, believing anything they get out of the leftist media and administration , or just plain to stupid to get much of anything. People are running out of benefits , people have quit looking for jobs, companies are hiring some part time only, and government keeps expanding regardless of the costs, take those factors into consideration and the real unemployment is way in excess of 25%. This mess is not going to end well ,when the money printer press machine stops.

    Report this comment

    Viking64  
  • huey6367
    Posted on March 14, 2013 at 11:19am

    The way unemployment is calculated, we will eventually have a 0.0% unemployment rate. Meaning if you stay unemployed long enough you will no longer collect unemployment. This is how the administration gets job numbers to look better – have people unemployed so long they no longer collect unemployment.

    Report this comment

    huey6367  
    • JRook
      Posted on March 14, 2013 at 2:46pm

      You think it was different under Reagan, Bush Sr. or Bush Jr. Bush Jr. was simply lucky enough to get out before his policies finally trashed the economy.

      Report this comment

      JRook  
  • woodyee
    Posted on March 14, 2013 at 10:50am

    I prefer to wait for the expected “unexpected revision” that is almost always forthcoming in the following week.

    I’m tired of the skewed way the gobblement always puts out it’s skewed numbers, and the way the sycophant media always pats them on the shoulder for a job well-done, and themselves for repeating the bs. Then the following week, they quickly blow the revised numbers out the side of their mouths threw gritted teeth and quickly move on to the next subject.

    Do I have their routine down pat, or what?

    Report this comment

    woodyee  
  • COFemale
    Posted on March 14, 2013 at 10:47am

    Jobless claims night be down, but poll how many companies are advertising jobs? I’ve been looking for full-time since March 2010. So far only have found part-time work.

    Washington is using what is happening on wall street to determine what is happen on main street. I am sorry but that is fallacy thinking. It is tough in Colorado, we are around 7.9% unemployment and we will get worse once Mag Pul pulls out of our state. Democrats are taking us down the toilet and there isn’t much we can do about it because we are a Democrat laden state in the house and senate here. It is time for a massive recall in the state of Colorado and our next voting must go Republican. Otherwise we are the USCO – United Socialist of Colorado and not a free Colorado.

    Report this comment

    COFemale  
  • hauschild
    Posted on March 14, 2013 at 10:35am

    Love the play on words: “This reduces the average number of “weekly applications” last month to a five-year low.” Conveniently left out were the words: “for NEW unemployment benefits”.

    The statement is sham a best because it leads the idiots to believe that the total number of unemployed people is 332,000. Third World propaganda techniques work in America – and better than ever before.

    A sympathizing media to a fascists regime – sounds eerily familiar.

    Report this comment

    hauschild  
  • Vision Harry
    Posted on March 14, 2013 at 9:35am

    And I’m 6’4″,190 lbs, super wealthy,look like Fabio and can’t keep the women off of me.

    Vision Harry  
  • BehindTheMouth
    Posted on March 14, 2013 at 9:32am

    Really? why should I believe anything that this idiot president and his admin cronies put out ? America is dead people and Oblummer killed it. Time for another revolution.

    Report this comment

    BehindTheMouth  
  • Southernsoul
    Posted on March 14, 2013 at 9:08am

    The U6 number for February is 14.3. And it has been coming down from a high of 17.1 in April of 2010. It still makes it the slowest, weakest recovery ever.

    Report this comment

    Southernsoul  
    • Walkabout
      Posted on March 14, 2013 at 11:07am

      You wonder why the so called reporter could not report U6 whenever they report the U3. With so much competition and wall to wall (24/7) news reporting you would think they could present this.

      Hear this! NBC will implode. GlennBeck may very well end up owning 30 Rock. But at that time why would he want it?

      This important story looks like it does not have that many comments. Sad, not even the trolls come here. I suspect they have no marching orders. They do not want to be routed. It is bad for morale.

      :)

      Report this comment

      Walkabout  
  • progressiveslayer
    Posted on March 14, 2013 at 9:05am

    The regime controls the propaganda it puts out so of course everything’s looking great,until the fed can no longer prevent the bubble from bursting then reality will sink in. The fed and some in government and anyone who knows what the fed has been doing knows whats about to happen and it’ll be a real shocker to your typical Barry supporter especially. It’ll take a depression to wake the simpletons up from their stupor,being mesmerized by the skinny Kenyan has killed off what few remaining brain cells they had.

    Report this comment

    progressiveslayer  
  • TRILO
    Posted on March 14, 2013 at 8:51am

    They are running out of workers to get laid off. The criminals will keep putting out this false perception and the fools will keep believing it. The world is no longer based in reality.

    Report this comment

    TRILO  
  • chucksue351
    Posted on March 14, 2013 at 8:50am

    do any of the numbers we get from the government really mean anything?

    Report this comment

    chucksue351  
  • Sargeking
    Posted on March 14, 2013 at 8:49am

    The sad fact is the Feds have been spinning the jobs numbers so badly that if the latest report was actually about new jobs for the first time in four years, we wouldn’t believe it! After-all, even a blind Liberal can see that we won’t have any “new jobs” without the Keystone Pipeline. That promising boon to America will never happen under the Obama Regime. The nation is being fracked in a not so gentle euphemism of the similar word.

    Report this comment

    Sargeking  
  • piper60
    Posted on March 14, 2013 at 8:47am

    too bad they don’t count the many people who have given up looking for work.

    Report this comment

    piper60  
  • dublinthewagons
    Posted on March 14, 2013 at 8:41am

    Everything is icecream, lollypops and candy. Lol
    Feds keep printing money to prop up stock market, while everything else tanks.

    Report this comment

    dublinthewagons  

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