New jobless claims continue to fall

Readings on jobless claims are mostly at their lowest points of the whole recovery, but the results are less than convincing given seasonal distortions tied to temporary summer layoffs in the auto industry. Initial claims fell 19,000 in the July 27 week to a recovery low of 326,000. The 4-week average is near a recovery low, down 4,500 at a 341,250 level that is slightly below the month-ago comparison.

Continuing claims are down 52,000 in the latest available data which are for the July 20 week. The level, at 2.951 million, is not a recovery low but is very nearly so, as is the 4-week average at 3.026 million. The unemployment rate for insured workers is at a recovery low, at 2.3 percent.

This report is roughly in line with expectations for tomorrow's employment report where the Econoday consensus points to improvement from June. But given the seasonal distortions underway right now, the report is not likely to have much sway on today's markets.

. wrote:Definition
New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smoothes out weekly volatility.

boards of FL wrote:

. wrote:Definition
New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smoothes out weekly volatility.

boards of FL wrote:

. wrote:Definition
New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smoothes out weekly volatility.

PkrBum wrote:A shit recovery shit strategy shit jobs shit wages shit future... I thght he was supposed to care about the middle class?

But next year the obamacare mandate/penalty/tax goes into effect... so we've got that to look forward to.

boards of FL wrote:

PkrBum wrote:A shit recovery shit strategy shit jobs shit wages shit future... I thght he was supposed to care about the middle class?

But next year the obamacare mandate/penalty/tax goes into effect... so we've got that to look forward to.

If we had everything Obama's way, we would have the public option rather than Obamacare.  Tax rates would look different as well.  But, alas.  House republicans...

PkrBum wrote:Yes... if only the dems/keynesians had a super majority every session... then ...

boards of FL wrote:

PkrBum wrote:Yes... if only the dems/keynesians had a super majority every session... then ...

...we would have common sense tax rates and a public option.  Simple.

boards of FL wrote:

PkrBum wrote:Yes... if only the dems/keynesians had a super majority every session... then ...

...we would have common sense tax rates and a public option.  Simple.

PkrBum wrote:

boards of FL wrote:

PkrBum wrote:A shit recovery shit strategy shit jobs shit wages shit future... I thght he was supposed to care about the middle class?

But next year the obamacare mandate/penalty/tax goes into effect... so we've got that to look forward to.

If we had everything Obama's way, we would have the public option rather than Obamacare.  Tax rates would look different as well.  But, alas.  House republicans...

Yes... if only the dems/keynesians had a super majority every session... then everything would be unicorns and rainbows.

NaNook wrote:

boards of FL wrote:

PkrBum wrote:Yes... if only the dems/keynesians had a super majority every session... then ...

...we would have common sense tax rates and a public option.  Simple.

Unless the public can option out there is no option..........remember, it's a tax.

boards of FL wrote:

NaNook wrote:

boards of FL wrote:

PkrBum wrote:Yes... if only the dems/keynesians had a super majority every session... then ...

...we would have common sense tax rates and a public option.  Simple.

Unless the public can option out there is no option..........remember, it's a tax.

Obama originally wanted the public option.  Republicans wouldn't go for that, so now we get the crappy republican mandate from the 90's.

. wrote:

boards of FL wrote:

NaNook wrote:

boards of FL wrote:

PkrBum wrote:Yes... if only the dems/keynesians had a super majority every session... then ...

...we would have common sense tax rates and a public option.  Simple.

Unless the public can option out there is no option..........remember, it's a tax.

Obama originally wanted the public option.  Republicans wouldn't go for that, so now we get the crappy republican mandate from the 90's.

So now obamacare is crappy and its republican.... 

. wrote:

boards of FL wrote:

NaNook wrote:

boards of FL wrote:

PkrBum wrote:Yes... if only the dems/keynesians had a super majority every session... then ...

...we would have common sense tax rates and a public option.  Simple.

Unless the public can option out there is no option..........remember, it's a tax.

Obama originally wanted the public option.  Republicans wouldn't go for that, so now we get the crappy republican mandate from the 90's.

So now obamacare is crappy and its republican.... 

boards of FL wrote:

NaNook wrote:

boards of FL wrote:

PkrBum wrote:Yes... if only the dems/keynesians had a super majority every session... then ...

...we would have common sense tax rates and a public option.  Simple.

Unless the public can option out there is no option..........remember, it's a tax.

Obama originally wanted the public option.  Republicans wouldn't go for that, so now we get the crappy republican mandate from the 90's.

. wrote:

boards of FL wrote:

NaNook wrote:

boards of FL wrote:

PkrBum wrote:Yes... if only the dems/keynesians had a super majority every session... then ...

...we would have common sense tax rates and a public option.  Simple.

Unless the public can option out there is no option..........remember, it's a tax.

Obama originally wanted the public option.  Republicans wouldn't go for that, so now we get the crappy republican mandate from the 90's.

So now obamacare is crappy and its republican.... 

VectorMan wrote:

. wrote:

boards of FL wrote:

NaNook wrote:

boards of FL wrote:

PkrBum wrote:Yes... if only the dems/keynesians had a super majority every session... then ...

...we would have common sense tax rates and a public option.  Simple.

Unless the public can option out there is no option..........remember, it's a tax.

Obama originally wanted the public option.  Republicans wouldn't go for that, so now we get the crappy republican mandate from the 90's.

So now obamacare is crappy and its republican.... 

LOL

He won't like that. LOL

Maybe he'll bring his circular logic into play. I think he's sorta like a Vulcan.

What say you Mr. Spock? LOL

The controversial individual mandate that was upheld Thursday by the U.S. Supreme Court stems back more than 20 years, believed to have originated with a prominent conservative think tank.

The mandate, requiring every American to purchase health insurance, appeared in a 1989 published proposal by Stuart M. Butler of the conservative Heritage Foundation called "Assuring Affordable Health Care for All Americans," which included a provision to "mandate all households to obtain adequate insurance."

The Heritage Foundation "substantially revised" its proposal four years later, according to a 1994 analysis by the Congressional Budget Office. But the idea of an individual health insurance mandate later appeared in two bills introduced by Republican lawmakers in 1993, according to the non-partisan research group ProCon.org. Among the supporters of the bills were senators Orrin Hatch, R-Utah, and Charles Grassley, R-Iowa, who today oppose the mandate under current law.

In 2006, Republican presidential candidate Mitt Romney, who was then governor of Massachusetts, signed off on a law requiring individuals of the state to purchase health insurance. American Bridge 21st Century, a Democratic opposition research group, on Wednesday released a 2006 video in which Romney says he is “very pleased” with the mandate.


Read more: http://www.foxnews.com/politics/2012/06/28/individual-health-care-insurance-mandate-has-long-checkered-past/#ixzz2bC6Atvxm

. wrote:

boards of FL wrote:

NaNook wrote:

boards of FL wrote:

PkrBum wrote:Yes... if only the dems/keynesians had a super majority every session... then ...

...we would have common sense tax rates and a public option.  Simple.

Unless the public can option out there is no option..........remember, it's a tax.

Obama originally wanted the public option.  Republicans wouldn't go for that, so now we get the crappy republican mandate from the 90's.

So now obamacare is crappy and its republican....