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Your good news segment for Humpday: Unemployment claims down to lowest levels since '69

73.116.103.52

Posted on November 24, 2021 at 06:44:18
jdaniel@jps.net
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Job­less claims fell sharply to a pan­demic low of 199,000 last week, be­low pre-pan­demic lev­els as em­ploy­ers curbed lay­offs amid a tight­en­ing la­bor mar­ket.

 

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Total claims, yes, posted on November 24, 2021 at 07:21:37
E-Stat
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Absolute rate, no.

According to article it sits at 4.6%. In 2018, however, it was 3.8%.

 

"good union jobs"... , posted on November 24, 2021 at 07:52:50
Jim Pearce
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The Biden utopia is just around the next corner!

 

RE: "good union jobs"... , posted on November 24, 2021 at 07:55:00
jdaniel@jps.net
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Around the *next* corner?

Observe what people do, not what they say. : )

 

Obviously covid hadn't hit in 2018. In 2020 it was 6.7% nt , posted on November 24, 2021 at 08:05:31
Rick W
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nt

 

Well, hard to beat the years leading up to 2018, posted on November 24, 2021 at 08:11:45
jdaniel@jps.net
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: )

I'd delete my good news topic if I could, now that you've given us your dose of grim reality.

 

Better is preferable to worse, but, posted on November 24, 2021 at 08:14:45
E-Stat
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The BLS data puts today in perspective.

 

Judging from your 6.9% unemployment rate you guys could use some Biden utopia. nt, posted on November 24, 2021 at 08:30:30
Rick W
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nt

 

Why do you think the U3 number is higher?, posted on November 24, 2021 at 09:03:30
jdaniel@jps.net
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.

 

well not the $12,500 EV incentive version of Biden's utopia..., posted on November 24, 2021 at 09:09:26
Jim Pearce
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That would bankrupt our auto industry and pretty much end the USMCA trade agreement. But before you start comparing you need to be aware that the labour participation rate in Canada is nearly 5% higher than the U.S. at 66.5%.

 

I understand the difference, posted on November 24, 2021 at 09:19:28
E-Stat
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between counts and percentages.

I find the latter a truer indicator of trends.

 

You're quibbling over the amount?, posted on November 24, 2021 at 09:34:09
Rick W
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Much of Canada already has rebates for EV's.

 

The trend is negative when claims have dropped & unemployment rate is 2% lower than 2020? nt , posted on November 24, 2021 at 09:40:35
Rick W
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nt

 

RE: I understand the difference, posted on November 24, 2021 at 09:51:41
jdaniel@jps.net
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A bit of a snarky cop-out there. : )

Why do you think the U3 number is higher today than in 2018?

 

RE: Your good news segment for Humpday: Unemployment claims down to lowest levels since '69, posted on November 24, 2021 at 09:54:39
tweaker456
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This is because of the policies set forth by djt set the stage for this good news, of course. Elementary.


"Logic clearly dictates that the needs of the many outweigh the needs of the few. "S'chn T'gai Spock --- "Or the one"
James T. Kirk

 

I'm beginning to wonder if the entire US supply of Xanax hasn't been held up at the Ports as well. Nt, posted on November 24, 2021 at 10:01:12
jdaniel@jps.net
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.

 

RE: Your good news segment for Humpday: Unemployment claims down to lowest levels since '69, posted on November 24, 2021 at 10:05:10
jdaniel@jps.net
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Haha. Some here are so curmudgeonly that they've even forgotten that tried and true comeback!

But then the golden days of 2018 might be more awkward to exemplify.

 

RE: Your good news segment for Humpday: Unemployment claims down to lowest levels since '69, posted on November 24, 2021 at 10:15:51
tweaker456
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Well in reality it is not just because of policies set forth by djt but the anticipation that the republicans will retake the House and Senate and reinstate fiscal responsibility and respect for Constitutional law and democracy.




"Logic clearly dictates that the needs of the many outweigh the needs of the few. "S'chn T'gai Spock --- "Or the one"
James T. Kirk

 

Man, will you be my wingman at both Thanksgiving and Christmas dinner??, posted on November 24, 2021 at 10:34:27
jdaniel@jps.net
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Genius!

 

Might as well drop another Thanksgiving zinger, just make sure Gramps isn't swallowing, posted on November 24, 2021 at 10:38:25
jdaniel@jps.net
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: )

JP Morgan has revised its current-quarter real annualized GDP growth estimate from 5.0% to 7.0%.

 

RE: Might as well drop another Thanksgiving zinger, just make sure Gramps isn't swallowing, posted on November 24, 2021 at 11:32:28
rivervalley817
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not possible, fake news, only one man can fix things, I mean REALLY 'fix' them

even when they're not broken, break them and put the fix in

rinse & repeat

 

Simple math concepts , posted on November 24, 2021 at 11:40:32
E-Stat
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to describe different aspects of sets of numbers.

 

RE: I understand the difference, posted on November 24, 2021 at 11:47:50
rivervalley817
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a pandemic tends to impact those stats ... well, dominate actually

there's a definite ripple effect that's not been measured in a modern economy before

with regards,

 

RE: Man, will you be my wingman at both Thanksgiving and Christmas dinner??, posted on November 24, 2021 at 11:59:07
tweaker456
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Nah, I'm a breast and thigh man myself.


"Logic clearly dictates that the needs of the many outweigh the needs of the few. "S'chn T'gai Spock --- "Or the one"
James T. Kirk

 

no, the conditions..., posted on November 24, 2021 at 12:01:55
Jim Pearce
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U.S. and union made.

 

RE: Man, will you be my wingman at both Thanksgiving and Christmas dinner??, posted on November 24, 2021 at 12:06:08
jdaniel@jps.net
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Haha, but you do realize that a wingman is a guy friend who hangs out with another guy friend at a bar while they both try to get phone numbers off the ones with breasts and thighs? : )

 

RE: Simple math concepts , posted on November 24, 2021 at 12:09:20
jdaniel@jps.net
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Uh yeah I get simple math concepts.

But what do you believe affected the U3 numbers today vs 2018?

 

Whoa, that's REAL growth! Thank God for the guy who started the, posted on November 24, 2021 at 12:16:41
tinear
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recovery. How quickly forget the guys who brought it all crashing down in '08...

 

Most Americans agree we need to bring high-paying jobs home. I bet, posted on November 24, 2021 at 12:17:57
tinear
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Canadians would balk at buying foreign made products, too, especially such a major sector?

 

RE: Man, will you be my wingman at both Thanksgiving and Christmas dinner??, posted on November 24, 2021 at 12:24:54
rivervalley817
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well played Tweaker!

 

our auto industries have been integrated since 1908..., posted on November 24, 2021 at 13:03:26
Jim Pearce
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Have you forgotten that we contributed $3.3 billion (plus a line of credit to Ford) to the (Obama) bail out? I don't expect better from you, but I do from Biden.

 

I don't think you have to worry too much., posted on November 24, 2021 at 13:57:35
ghost of olddude55
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Just ask yourself, are there any US-made-by-union-label EVs? I can't think of one.
The Bolt is assembled here but that's turned into a major clusterfuck. Who knows if GM will ever sell another one? The EV F150 isn't in production yet, it's supposed to be built at the Rouge. But, according to Wikipedia, even the Mustang Mach-E is only built in China and Mexico.
That's pretty slim pickins right there. The best EVs are either built elsewhere or built by non-union labor. Roll in the chip shortage/magnesium shortage/supply line issues, maybe dozens of people will be able to take advantage of the tax credit.
From where I sit, that EV tax credit is a big nothingburger.

The problem is not that there is evil in the world, the problem is that there is good. Because otherwise, who would care?

 

how about a little reality?, posted on November 24, 2021 at 13:58:39
Jim Pearce
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U-6 October 2018 was 7%, October 2021 7.7%.

 

I'm not losing sleep over it ghost..., posted on November 24, 2021 at 14:16:18
Jim Pearce
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But once again it's Biden's protectionist posture that sticks in my craw. And I do realize that my closer ideological friends like Bernie and AOC would screw us over in a heartbeat.

 

First of all, Congress has to do this., posted on November 24, 2021 at 14:34:21
ghost of olddude55
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Yeah, it was Biden's idea but Congress has to make it happen and that's far from certain.
Second of all, it's meaningless feel-good "we're doing something about global warming" optics.
That's all it is. Optics. Like 99% of the garbage that comes from our national government.
FWIW, I don't think there should be ANY EV credits. Why make it easier for affluent people to buy expensive cars?
Or, if we have to have the $12,500 credit, limit it to households earning $50K/year or less, make it fully deductible so that the buyer gets the full amount of the credit regardless of tax liability, and apply it to all EVs.

The problem is not that there is evil in the world, the problem is that there is good. Because otherwise, who would care?

 

RE: how about a little reality?, posted on November 24, 2021 at 14:37:21
rivervalley817
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must be a different US Jim ... lol

"The unemployment rate ticked down to 4.6% in October from 4.8% in September, and the labor force participation rate was stable at 61.6% in October. Hourly earnings rose 0.4% month-on-month in October (September: +0.6% mom), while annual wage growth accelerated to 4.9% from 4.6%"

no seriously, I believe you mistakenly picked up on a State unemployment figure

with regards,

 

read and learn (or not)..., posted on November 24, 2021 at 14:57:33
Jim Pearce
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https://ycharts.com/indicators/us_u_6_unemployment_rate_unadjusted

I now suspect you of being borderline innumerate.

 

And seems that, posted on November 24, 2021 at 15:39:42
E-Stat
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he doesn't understand the number in the workforce is not a constant.

 

RE: read and learn (or not)..., posted on November 24, 2021 at 18:01:47
rivervalley817
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here's a link to the chart at BLS for civilian US unemployment from the article [which I verified] and had recently read, clearly showing 4.6%

that's why I disagreed ... politely I thought but maybe you didn't take it that way?

I didn't notice your ref. to the U6 figures and you had not provided a link in the post I replied to, my apologies for any confusion

and my thanks for the smug reply and insult, I did learn something today

'good one'!

; )





 

RE: And seems that, posted on November 24, 2021 at 18:08:29
rivervalley817
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I'm not sure what 'seems that' to you but 'it' isn't 'that'



 

no fowl intended rivervalley..., posted on November 24, 2021 at 19:15:03
Jim Pearce
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I get too excited over what I consider to be misleading government communication, and communication that the media lack the numeracy to correct. I shouldn't have taken it out on you. Enjoy your Thanksgiving.

 

You didn't do it outta altruism or charity., posted on November 25, 2021 at 09:03:48
Rick W
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Canada needed to help save American car companies just as we did. Anyway, I basically agree that our 2 countries (and Mexico too) should be working in concert, not against each other.

 

How many people quit work in the few months? Nt, posted on November 25, 2021 at 12:37:52
jdaniel@jps.net
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.

 

The truth is slowly getting out over the hysteria. Nt, posted on November 25, 2021 at 12:40:59
jdaniel@jps.net
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.

 

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