KHH1

By Joseph Lawler | November 6, 2014 | 9:01 am

The four-week moving average of jobless claims fell to its lowest level in 14 years Thursday, as...
The four-week moving average of jobless claims fell to its lowest level in 14 years Thursday, as layoffs continue to slow and the labor market picks up.

The Department of Labor reported Thursday that initial claims for unemployment insurance fell by 10,000 to 278,000 for the week ending Nov. 1.

That drop brought the four-week moving average for claims down to 279,000, the lowest level since April 29, 2000.

The total number of unemployed workers receiving benefits was 2,348,000. That number was also the lowest since 2000.

The ongoing improvement in unemployment claims sets up high expectations for the monthly jobs number that will be reported by the Bureau of Labor Statistics on Friday morning.

Analysts expect the report to show robust growth of about 240,000 new payroll jobs.

Job creation has accelerated in 2014, with businesses and governments adding roughly 230,000 new jobs a month, well above the pace set in the previous years of the economic recovery. The unemployment rate has slipped from 6.7 percent to 5.9 percent over the year.

That is partly a factor of slowing layoffs, but it also reflects an acceleration in new job listings over theyears. Job vacancies are up roughly a quarter year-over-year.

Airforceone

The GOPTP will find a way to take credit for anything good that happened in the last. 6 years.

Dave Loc: Upstate New York

Isn't capitalism wonderful, even when constrained it ultimately recovers as long as there are those who keep progressives from destroying it completely?

Hartbreaker

Yes. We are so thankful for those people who quit looking for jobs and for those part time jobs that are lowering our unemployment rate. Now if only employee incomes would start to go up instead of just the rich getting richer as has been going on since the Democrats took over in 2008.

JMHO Loc: Utah

Yep, and this is why the v**ers rebelled on Tuesday...because the employment picture looked so good, as well as the economy. Yep, got anymore BS articles and statistics to try and sway us realists with?

Jerry A. Loc: California

What kind o jobs was created in 2014, in small businesses with a minimum salary, without medical insurance coverage, and no pension benefits. etc. big manufacturers moved to 3er. world countries looking for cheap labor and no I.R.S. taxes.

Jerry A. Loc: California

What kind o jobs was created in 2014, in small businesses with a minimum salary, without medical insurance coverage, and no pension benefits. etc. big manufacturers moved to 3er. world countries looking for cheap labor and no I.R.S. taxes, and everything is made in China.

JMHO Loc: Utah

Blah, blah, blah....yawn...ho hum...zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

KHH1

nah.....they were across all sectors just like last month...the dept. of labor had posted the categories....righties always try to find the negative in things this adminstration accomplishes but you all might as well resign yourselves to the concept that the economy is continuing to recover....Pres Obama has turned this around....from losing 800k/month to gaining 240K +/month...a net switch of a million/month...read below what was reported:

Even as big business cut back, all major industries covered by the ADP report added jobs last month with Professional and business services adding the most at 53,000. Trade/t***sportation/utilities added 47,000 jobs while other industries were farther behind. Construction added 28,000 jobs, manufacturing added 15,000 and the financial activities industry added 4,000.

JMHO Loc: Utah

Blah, blah, blah,.....yawn...ho hum...zzzzzzzzzzzzzzzzzzzzzzzzzz

KHH1

Funny indeed huh?

JMHO Loc: Utah

Yeah, your phony numbers and statistics are.

KHH1

**An expected response**

Pulfnick Loc: Knoxville, TN

These selected numbers look very good. Unfortunately, if you look at the whole picture, the job situation is very poor, having steadily declined over Obama's presidency. The rest of the story:

1. The unemployment rate can NOT be logically be compared from one year another, unless the workforce participation rate remains stable. Obama's policies have removed so many people from the workforce that the workforce participation rate has dropped from a stable 66% +/- .2% to 62.7% in September 2014. http://data.bls.gov/timeseries/LNS11300000

2. Of those remaining in the workforce, as defined in the workforce participation rate, a significant percentage are now part time employees, and this will increase as the economic damage of Obamacare develops further.

There's no reason for the steadily worsening employment picture to begin to improve unless the new Congress can reverse and correct Obama's many efforts to damage our economy and job picture.

Workinman Loc: Bayou Pigeon

This is from the D.O.L.


Household Survey Data
In September, the
unemployment rate
declined by 0.2 percentage poin
t to 5.9 percent. The number of
unemployed persons
decreased by 329,000 to 9.3 million. Over
the year, the unemployment rate and
the number of unemployed persons were down by 1.3
percentage points and 1.9 million, respectively.
(See table A-1.)
Among the
major worker groups
, unemployment rates declined in September for adult men (5.3
percent), w****s (5.1 percent), and
Hispanics (6.9 percent). The rates for adult women (5.5 percent),
teenagers (20.0 percent), and b****s (
11.0 percent) showed little change over the month. The jobless rate
for Asians was 4.3 percent (not seasonally adjusted),
little changed from a year
earlier. (See tables A-1,
A-2, and A-3.)
- 2 -
Among the unemployed, the number of
job losers and persons who completed temporary jobs
decreased by 306,000 in September to 4.5 million. The number of
long-term unemployed
(those
jobless for 27 weeks or more) was essentially uncha
nged at 3.0 million in September. These individuals
accounted for 31.9 percent of the unemployed. Over
the past 12 months, the number of long-term
unemployed is down by 1.2 million. (See tables A-11 and A-12.)
The
civilian labor force participation rate
, at 62.7 percent, changed little in September. The
employment-population ratio
was 59.0 percent for the fourth c
onsecutive month. (See table A-1.)
The number of persons employed
part time for economic reasons
(sometimes referred to as
involuntary part-time workers) was
little changed in September at
7.1 million. These individuals, who
would have preferred full-time employment, were wo
rking part time because their hours had been cut
back or because they were unable to
find a full-time job. (See table A-8.)
In September, 2.2 million persons were
marginally attached to the labor force
, essentially unchanged
from a year earlier. (The data are not seasonally adjust
ed.) These individuals were not in the labor force,
wanted and were available for work, and had looked for a job sometime in the prior 12 months. They
were not counted as unemployed because they had not searched for work in the 4 weeks preceding the
survey. (See table A-16.)
Among the marginally attached, there were 698,000
discouraged workers
in September, down by
154,000 from a year earlier. (The data
are not seasonally adjusted.) Di
scouraged workers are persons not
currently looking for work because they believe
no jobs are available for them. The remaining 1.5
million persons marginally attached to the labor fo
rce in September had not searched for work for
reasons such as school attendance or fa
mily responsibilities.


Little or no change. Still hiding the real unemployment numbers, like the good little Lib that you are.

Why do you think there is this big push for the minimum wage to be increased?, because so many people have been forced into part time jobs...Mainly because of the ACA.