Jobs Report!!

[nnuut]

This may bounce it a bit? But I don't buy these numbers.

First-time jobless claims fall more than expected

Initial jobless claims drop more than expected last week as layoffs ease

AP - William Wright, of Detroit, fills out an application while standing in line at a job fair in Detroit ...


By Christopher S. Rugaber, AP Economics Writer , On Thursday February 11, 2010, 9:08 am
WASHINGTON (AP) -- The number of newly laid-off workers seeking unemployment benefits fell more than expected last week to the lowest total in a month, a hopeful sign the job market may be improving.
The Labor Department said that first-time claims for unemployment insurance dropped by 43,000 to a seasonally adjusted 440,000. Wall Street economists expected a smaller decline of 15,000, according to a survey by Thomson Reuters.
A Labor Department analyst said the decline largely reflects the end of administrative backlogs in California and other states that had elevated claims in the previous three weeks. The backlogs represented claims that had built up over the Christmas holidays.
The winter storms that have pounded the Mid-Atlantic took place after last week's claims were filed, the analyst said. If they have an effect, it won't be evident until next week's data.
The four-week average fell by 1,000 to 468,500, the first drop after three weeks of increases.
Claims are now close to the low levels they reached in late December, when claims dropped to their lowest point in nearly 18 months. [more]
http://finance.yahoo.com/news/First...98.html?x=0&sec=topStories&pos=1&asset=&ccode=

 

[nnuut]

This may bounce it a bit? But I don't buy these numbers.

First-time jobless claims fall more than expected

Initial jobless claims drop more than expected last week as layoffs ease

AP - William Wright, of Detroit, fills out an application while standing in line at a job fair in Detroit ...


By Christopher S. Rugaber, AP Economics Writer , On Thursday February 11, 2010, 9:08 am
WASHINGTON (AP) -- The number of newly laid-off workers seeking unemployment benefits fell more than expected last week to the lowest total in a month, a hopeful sign the job market may be improving.
The Labor Department said that first-time claims for unemployment insurance dropped by 43,000 to a seasonally adjusted 440,000. Wall Street economists expected a smaller decline of 15,000, according to a survey by Thomson Reuters.
A Labor Department analyst said the decline largely reflects the end of administrative backlogs in California and other states that had elevated claims in the previous three weeks. The backlogs represented claims that had built up over the Christmas holidays.
The winter storms that have pounded the Mid-Atlantic took place after last week's claims were filed, the analyst said. If they have an effect, it won't be evident until next week's data.
The four-week average fell by 1,000 to 468,500, the first drop after three weeks of increases.
Claims are now close to the low levels they reached in late December, when claims dropped to their lowest point in nearly 18 months. [more]
http://finance.yahoo.com/news/First...98.html?x=0&sec=topStories&pos=1&asset=&ccode=

Nothing!!!! The Market isn't reacting to the Jobs numbers, that tells me something.:worried:

 

[Scrappy]

Nothing!!!! The Market isn't reacting to the Jobs numbers, that tells me something.:worried:

? What goes up, must come down? :blink:

 

[nnuut]

Showing a little up trend now maybe a slow reaction? These numbers usually have a BIG effect on the Market, probably other things in play?:worried:

 

[nnuut]

Economic Report
Feb. 11, 2010, 8:45 a.m. EST
Initial jobless claims fall by biggest amount since July

Claims down 43,000 to 440,000

View all Economic Report ›

By Greg Robb, MarketWatch
WASHINGTON (MarketWatch) -- First-time filings for state unemployment benefits dropped by their largest amount since July, adding to evidence that the labor market may have begun to heal although it remains in critical condition.
For the week ended Feb. 6, initial claims fell 43,000 to 444,000. This puts claims at their lowest level since Jan. 2.
Claims had spiked in January, reversing a downward trend that had begun this summer.
Labor Department officials had blamed the increase on an administrative catch-up to a backlog that had developed over the holiday season.
But claims remained elevated for three weeks and some questioned the government's explanation. [more]
http://www.marketwatch.com/story/claims-fall-by-biggest-amount-since-july-2010-02-11

 

[Scrappy]

Showing a little up trend now maybe a slow reaction? These numbers usually have a BIG effect on the Market, probably other things in play?:worried:

I don't know but it seems the more you post, the more positive it gets!

 

[nnuut]

NEUTRALIZED!!

Stocks slip in jittery trade

By CNNMoney.com staffFebruary 11, 2010: 9:53 AM ET

NEW YORK (CNNMoney.com) -- Stocks inched lower early Thursday as investors remained cautious despite a bigger-than-expected drop in jobless claims and news that European leaders have reached a deal to help debt-ridden Greece.
The Dow Jones industrial average (INDU) lost 55 points, or 0.5%, in the early going. The S&P 500 index (SPX) lost 6 points, or 0.6%, and the Nasdaq composite (COMP) lost 12 points, or 0.6%.

Stocks fell Wednesday on concerns about the Greek debt situation, the strong dollar and the Federal Reserve's plan to withdraw some of the trillions of dollars it has used to bolster the nation's financial system. [more]
http://money.cnn.com/2010/02/11/markets/markets_newyork/index.htm

 

[nnuut]

I hope this isn't reflected in the next Jobs Numbers!!:worried:

Snowmageddon could cost up to 150,000 jobs in February

By Chavon Sutton, staff reporterFebruary 11, 2010: 4:36 PM ET

New York (CNNMoney.com) -- This month's blizzards are battering jobs.
Economists estimate that between 90,000 and 150,000 jobs could be lost in February, as the snow kept people home from work and stalled hiring during the month.
Analysts had been expecting good news on the jobs front, forecasting that payrolls would expand.

Instead, both people who have jobs and those who were set to start new positions couldn't get to work because of the weather. As a result, they'll file for unemployment benefits.
"The storms will have a tangible impact on the hiring process, which is impeded when people can't get out and businesses are closed" said Stefane Marion, National Bank Financial's chief economist. Marion originally expected that the economy would add jobs in February, but he now estimates that a total of 150,000 jobs could be lost because of the storms, at least temporarily. [more]
http://money.cnn.com/2010/02/11/news/economy/snow_buries_payrolls/index.htm