Better.

The fewest Americans in four decades filed applications for unemployment benefits last week, continuing to unwind an early-July surge that was probably tied to mid-year factory shutdowns and school vacations.

Jobless claims plunged by 26,000 to 255,000 in the week ended July 18, the fewest since November 1973, a report from the Labor Department showed on Thursday in Washington.

(snip)

The four-week moving average, a less volatile measure than the weekly numbers, decreased to 278,500 from 282,500. That was little changed from the 277,000 average during the June survey period.

In a continuing trend, Bloomberg is still need of new experts.

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16 July 2015 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

A bit better.

Jobless claims fell 15,000 to 281,000 in the week ended July 11 from a revised 296,000 in the prior period, a Labor Department report showed Thursday in Washington.

(snip)

The four-week average of claims, a less-volatile measure than the weekly figure, increased to 282,500 from 279,250 in the prior week.

The number of people continuing to receive jobless benefits dropped by 112,000 to 2.22 million in the week ended July 4. The unemployment rate among people eligible for benefits declined to 1.6 percent from 1.7 percent. These data are reported with a one-week lag.

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14 July 2015 · Comments Off on Greecing the Skids · Categories: Mammon, Political Economy

Bonddad analyzes the promise of austerity as economic policy and finds it lacking. Here’s a bit; follow the link for the rest.

Greece has already cut government spending by about 23% since 2009. ?That is called austerity, Jazz. Let’s see what kind of effect it has had on the economy, starting with total GDP:

Chart showing downward trend of Greek economy under auterity.

Total GDP at constant prices has decreased about 25%. That means there has been NO GROWTH. For the economically challenged, NO GROWTH IS BAD.

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10 July 2015 · Comments Off on “The Smart One” · Categories: Political Economy, Republican Hypocrisy

Shorter version:

Beatings must continue until morale income improves.

Via Raw Story.

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09 July 2015 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

Still under 300k.

Jobless claims climbed by 15,000 to 297,000 in the week ended July 4, the highest since February, a Labor Department report showed today in Washington. . . .

Applications for benefits have been below 300,000 for 18 straight weeks, the longest stretch since 2000 and indicating companies are content to maintain staffing levels.

(snip)

The four-week average of claims, a less-volatile measure than the weekly figure, increased to 279,500 from 275,000 the week before.

The number of people continuing to receive jobless benefits rose by 69,000 to 2.33 million in the week ended June 27.

Bloomberg’s headline clutches pearls about how this is more than forecast (gasp!), as if that is a problem with the economy, when, in fact, it is a problem with Bloomberg’s “forecasters,” who, if they were meteorologists at your local AM-talker, would have been moved to reading traffic reports a long, long time ago.

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02 July 2015 · Comments Off on All the News that Fits · Categories: Political Economy

Fox News reporter standing in front of Supreme Court on plaza strewn with discared picket signs supporting Gay Marriage and the ACA:  But, on the bright side, the Court ruled in favor of executions and pollution.

Via The Bob and Chez Show Blog.

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02 July 2015 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

The numbers aren’t bad, but Bloomberg still manages to find a negative spin.

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25 June 2015 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

Still under 300k.

Filings for U.S. unemployment benefits held below 300,000 for the 16th straight week, signaling a tighter labor market that will help propel growth in the second half of 2015.

Jobless claims rose by 3,000 to 271,000 in the week ended June 20, a Labor Department report showed Thursday in Washington. The median forecast of economists surveyed by Bloomberg called for 273,000 new applications.

(snip)

The four-week average of claims, a less-volatile measure than the weekly figure, dropped to 273,750 from 277,000 in the prior week.

The number of people continuing to receive jobless benefits rose by 22,000 to 2.25 million in the week ended June 13. 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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23 June 2015 · Comments Off on Responsible Fiscals · Categories: Political Economy

They aren’t who you think they are.

Graphic:  Bush, Sr., handed Clinton a $268B budget deficit.  Clinton handed Bush, Jr.,  a $127B budget surplus.  Bush, Jr., handed Obama a $1.4T deficit.  Obama has reduced that to just #492B.  Tell me again, which is the part of fiscal responsibility.

Via Job’s Anger.

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18 June 2015 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

Still not bad. (Link fixed; syntax error.)

Jobless claims declined by 12,000 to 267,000 in the period ended June 13, the lowest since the week ended May 9, a Labor Department report showed Thursday.

(snip)

The four-week average of claims, a less-volatile measure than the weekly figure, dropped to 276,750 from 278,750 the week before.

The number of people continuing to receive jobless benefits decreased by 50,000 to 2.22 million in the week ended June 6.

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16 June 2015 · Comments Off on How Stuff Works: The Laffable Curve · Categories: Political Economy

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12 June 2015 · Comments Off on Trickle-On Economics in One Picture (Updated) · Categories: Political Economy

Sam Brownback in wagon labeled


Click for a larger image.

When Republican economic theory is put into use, its underlying lies and fantasies come home to roost.

Via the Bob and Chez Show Blog.

Addendum, Later That Same Day:

This.

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11 June 2015 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

Still not bad.

Applications for U.S. unemployment benefits remained below 300,000 for a 14th straight week, a sign of labor market strength that will help fuel U.S. growth.

Jobless claims rose by 2,000 to 279,000 in the week ended June 6, a Labor Department report showed Thursday in Washington.

(snip)

The four-week moving average, a less volatile measure than the weekly numbers, climbed to 278,750 last week, from 275,000.The number of people continuing to receive jobless benefits rose by 61,000 to 2.27 million in the week ended May 30.

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05 June 2015 · Comments Off on Trickle-On Economics · Categories: Political Economy

Tony Norman explains the con.

Only the most hopelessly deluded believe they’ll join the ranks of the One Percent based on merit, spiritual virtue, entrepreneurial genius or hard work. There was a time when everyone who wasn’t rich opposed taxing those higher up the income ladder because they glibly assumed trophy spouses, luxury cars, mansions and Gulfstream jets were in their future, too.

Imagine that: Rich people had as their first line of defense against “onerous” tax rates the greed and unrealistic expectations of their economic inferiors. Back then, working-class stiffs and middle-class strivers — the same people who now find themselves holding onto the rapidly unraveling threads of the American Dream — opposed taxing the rich because they expected to be just as rich someday.

Somebody got played for suckers — and it wasn’t the rich!

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04 June 2015 · Comments Off on Lost in a Lost World · Categories: Political Economy

Steven M. tries to figure out the Republican base. A snippet:

We see how this (the Wingnut Wurlitzer–ed.) affects the rank-and-file: They strut around in Colonial garb and wave “Don’t Tread on Me” flags, when they’re not imagining themselves as the Greeks at Thermopylae taunting the Persians with chants of “Molon labe!” (“Come and take them!”) — usually in reference to their guns.

We know that ordinary Republican schmucks think they’re heroes of the political movies that play in their heads. We know that a lot of billionaires think they’re Hitler’s victims. Why wouldn’t this message be received the same way by Carson and Huckabee and Cruz and the rest (of the candidates in the clown car–ed.)? Where do we think these folks get their news anyway? I bet it’s not from NPR.

Here in Virginia, you can get vanity plates for your car with the “Don’t Tread on Me” snake from the Gadsden flag where the hyphen would normally be. I reckon the folks who get them figure they are making a statement, but I doubt that they realize what the statement means to those outside their bubble.

When I see one of those plates, my silent response is, “Thanks for announcing that you are a bigot. Now I know who I am dealing with.”

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04 June 2015 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

Better, with hints of a trend.

Jobless claims decreased by 8,000 to 276,000 in the week ended May 30 from a revised 284,000 in the prior period, a Labor Department report showed today in Washington.

(snip)

The four-week average of applications, a less-volatile measure than the weekly figure, increased to 274,750 from 272,000 in the prior week.

The number of people continuing to receive jobless benefits declined by 30,000 to 2.2 million in the week ended May 23, the fewest since November 2000.

The most unexpected news is that Bloomberg’s experts got it right.

For once.

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01 June 2015 · Comments Off on Bang for the Buck · Categories: Mammon, Political Economy

These folks, in contrast, do get what they pay for.

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28 May 2015 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

Maintaining a positive trend:

Applications for U.S. jobless benefits remained below 300,000 for the 12th straight week, signaling the labor market remains firm even as the economy has been slow to rebound from a first-quarter slump.

Jobless claims increased by 7,000 to 282,000 in the week ended May 23, a Labor Department report showed Thursday in Washington.

(snip)

The four-week average of claims, a less-volatile measure than the weekly figure, climbed to 271,500 from a 15-year low of 266,500 the prior week.

The number of people continuing to receive jobless benefits increased by 11,000 to 2.22 million in the week ended May 16. The unemployment rate among people eligible for benefits rose to 1.7 percent from 1.6 percent. These data are reported with a one-week lag.

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21 May 2015 · Comments Off on Nothing To Do, Nowhere To Go · Categories: Political Economy

Somewhat better.

The average number of Americans filing for unemployment benefits over the past four weeks dropped to a 15-year low, a sign the labor market continues to strengthen.

The four-week average for jobless claims decreased to 266,250 in the period ended May 16 from 271,750, a Labor Department report showed Thursday in Washington.

(snip)

The number of people continuing to receive jobless benefits decreased by 12,000 to 2.21 million in the week ended May 9, the lowest level since November 2000.

Republican efforts to counter this trend are, no doubt, continuing.

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20 May 2015 · Comments Off on Brackets · Categories: Political Economy

Dick Polman offers his suggestion for managing the Republican “debates”: Brackets. He says, “Under my system, only a manageable handful will make it to debate night.”

Here’s his list of proposed brackets; follow the link to see who he thinks should be in each one.

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