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Home Publications Blogs Beat the Press Doesn't Anyone Talk About Unemployment Claims Any More?

Doesn't Anyone Talk About Unemployment Claims Any More?

Friday, 23 April 2010 05:46
It seems that they don't. The Labor Department reported that there were 456,000 new claims for unemployment insurance benefits last week. The 4-week moving average was 460,250. Generally the economy will not be generating jobs if claims exceed 400,000. In the first 8 months of 2008, when the recession had already begun but before the financial crisis, claims averaged around 370,000 a week.
Comments (2)Add Comment
written by izzatzo, April 23, 2010 8:43
The animal spirits of, Keynesian expectation,
Contaminated by, unhealthy speculation,
Would further drive, the economy down,
According to game theory, of mental depression.

The power of positive thinking, and self esteem,
Norman Vincent Peale and Dr Spock it seems,
Advise to ignore, unemployment claims,
Which only cause more, of the same dim scene.

The fallacy of composition,
Is a rational proposition,
What's good for the one, is bad for the many,
And bad for the one, is good for the many,
Ignore the claims, and don't save even a penny,
Spend like no tomorrow, until we don't have any.
written by PeonInChief, April 23, 2010 12:17
Get with the program, Baker. The recession is over. All the economists agree. Also, did you see this http://www.cjr.org/the_audit/h...atrick.net ?

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.