A bit better:

Jobless claims dropped by 16,000 to 269,000 in the week ended Feb. 6, a Labor Department report showed Thursday.

(snip)

The four-week average of claims, a less-volatile measure than the weekly figure, fell to 281,250 from 284,750 in the prior week.

The number of people continuing to receive jobless benefits dropped by 21,000 to 2.24 million in the week ended Jan. 30. The unemployment rate among people eligible for benefits fell to 1.6 percent from 1.7 percent.

Still unanswered is the question, in what flea market does Bloomberg find its “experts”?

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The con rises to new heights.

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04 February 2016 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

Still not bad.

Jobless claims climbed by 8,000 to 285,000 in the week ended Jan. 30, from a revised 277,000 in the prior period, a report from the Labor Department showed on Thursday.
(snip)

The four-week moving average, a less volatile measure than the weekly claims numbers, increased to 284,750 last week from 282,750. The last time the average exceeding 280,000 for at least three consecutive weeks was in April.

The number of applications dropped as low as 255,000 in mid-July, the lowest in four decades.

The number of people continuing to receive jobless benefits fell by 18,000 to 2.26 million in the week ended Jan. 23. The unemployment rate among people eligible for benefits held at 1.7 percent. These data are reported with a one-week lag.

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28 January 2016 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

A little better, but basically status quo ante.

Jobless claims fell by 16,000 to 278,000 in the week ended Jan. 23, from 294,000 in the prior period, a report from the Labor Department showed on Thursday in Washington.

(snip)

The four-week moving average, a less volatile measure than the weekly claims numbers, decreased to 283,000 last week, from 285,250.

The number of people continuing to receive jobless benefits rose by 49,000 to 2.27 million in the week ended Jan. 16.

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23 January 2016 · Comments Off on How Stuff Works, Snowmaggedon Dept. · Categories: Political Economy

Stock traders in room.  One looks out the window and says,

Via MarketWatch. More financial tomfoolery at the link.

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22 January 2016 · Comments Off on Out of the Mouths . . . . · Categories: Political Economy

Sarah Palin and Donald Trump.  Trump is saying,

Click for a larger image.

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21 January 2016 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

A little worse, but still under 300k.

Initial jobless claims climbed by 10,000 to 293,000 in the week ended Jan. 16, a report from the Labor Department showed on Thursday.
(snip)

The number of applications last week was the most since the period ended July 4. The median forecast in a Bloomberg survey of economists called for claims of 278,000.
Four-Week Average

The four-week moving average, a less volatile measure than the weekly figures, increased to 285,000 from 278,500.

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18 January 2016 · Comments Off on A Picture Is Worth, Trickle-On Economics Dept. · Categories: Political Economy

Graphic:  Trickle-Down Economics, the theory that the poor, who must subsist on table-scraps from the rich, can best be served by giving the rich bigger meals.

Via Job’s Anger.

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17 January 2016 · Comments Off on How Stuff Works, “Deep State” Dept. · Categories: Political Economy, Political Theatre

Mike Lofgren.

Read it.

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14 January 2016 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

Despite Bloomberg’s silly headline (follow the link), for all practical purposes, status quo ante:

Initial jobless claims rose by 7,000 to 284,000 in the week ended Jan. 9, the second-highest level since July, a report from the Labor Department showed on Thursday.

(snip)

The four-week moving average of claims, a less volatile measure than the weekly figures, increased to 278,750 from 275,750. The average was the highest since July.

The number of people continuing to receive jobless benefits rose by 29,000 to 2.26 million in the week ended Jan. 2. The unemployment rate among people eligible for benefits increased to 1.7 percent from 1.6 percent.

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07 January 2016 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

Marginally better.

Jobless claims dropped by 10,000 to 277,000 in the week ended Jan. 2, a report from the Labor Department showed on Thursday.

(snip)

The four-week moving average, a less volatile measure than the weekly claims numbers, decreased to 275,750 last week from 277,000.
Continuing Claims

The number of people continuing to receive jobless benefits rose by 25,000 to 2.23 million in the week ended Dec. 26. The unemployment rate among people eligible for benefits held at 1.6 percent. These data are reported with a one-week lag.

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07 January 2016 · Comments Off on “The Smart One,” Great Moments in Flailure Dept. · Categories: Political Economy

Jeb! is reported to be soliciting President George the Worst to campaign for him.

This painfully protracted campaign season seems to promise one benefit: the end of the Bush League.

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04 January 2016 · Comments Off on Anchors Away · Categories: Political Economy

As the middle class gets pushed into poverty, the era of “anchor stores” fades.

The number of households living below the poverty level has doubled since 2008, according to the U.S. Department of Agriculture’s Food Stamp Program. With that, disposable income has decreased.

(snip)

That new norm has been nothing less than brutal on the former mall stars, whose glow continues to dim nationwide.

Sears has closed 152 mall stores since 2007. Penneys closed 40 locations in 2015 alone, including some at Pennsylvania and New Jersey malls.

If persons can’t afford to consume, you cannot maintain a “consumer economy.”
.

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31 December 2015 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

Although Bloomberg chose to go with a panicky headline because news is not new unless accompanied by panic (follow the link to clutch your pearls), still under 300k.

Jobless claims jumped by 20,000 to 287,000 in the week ended Dec. 26, a report from the Labor Department showed on Thursday in Washington.

(snip)

The four-week moving average, a less volatile measure than the weekly claims numbers, increased to 277,000 last week from 272,500.

The number of people continuing to receive jobless benefits rose by 3,000 to 2.2 million in the week ended Dec. 19.

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17 December 2015 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

A little better.

Jobless claims fell by 11,000 to 271,000 in the week ended Dec. 12, a report from the Labor Department showed Thursday.

(snip)

The four-week moving average, a less volatile measure than the weekly claims numbers, was little changed at 270,500 last week after 270,750. That compares with an average of 271,000 during the comparable employment survey period for November. The economy added 211,000 workers last month, more than projected, and the unemployment rate held at 5 percent.

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10 December 2015 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

Not quite so good, but still under 300k.

Jobless claims rose by 13,000 to 282,000 in the week ended Dec. 5, the highest level since July 4, a Labor Department report showed Thursday.

(snip)

The prior week was unrevised at 269,000. In July, filings dropped to 255,000, the lowest since the 1970s. . . .

The four-week average of claims, a less-volatile measure than the weekly figure, rose to 270,750 from 269,250 in the prior week.

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03 December 2015 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

Still not bad.

Jobless claims climbed by 9,000 to 269,000 in the period ended Nov. 28, matching the median estimate in a Bloomberg survey, a Labor Department report showed Thursday.

(snip)

The four-week average of claims, a less-volatile measure than the weekly figure, dropped to 269,250 from 271,000 the week before.

The number of people continuing to receive jobless benefits rose by 6,000 to 2.16 million in the week ended Nov. 21.

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27 November 2015 · Comments Off on Hours and the Wage · Categories: Mammon, Political Economy

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26 November 2015 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

Still okay.

First-time jobless claims dropped by 12,000 in the week ended Nov. 21 to 260,000, the fewest in a month, a Labor Department report showed Wednesday. The number of claims reached 255,000 in mid-July, the lowest since December 1973.
(snip)

The four-week average of claims, a less-volatile measure than the weekly figure, held at 271,000. . . .

The number of people continuing to receive jobless benefits increased to 2.21 million in the week ended Nov. 14 from 2.17 million.

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24 November 2015 · Comments Off on Freedom of Screech · Categories: Political Economy

Historiann posts a note about events at my alma mater.

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