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U.S. jobless claims near 42-year low


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http://www.reuters.com/article/us-usa-economy-idUSKBN0U711A20151224

 

 

The number of Americans filing for unemployment benefits fell more than expected last week, nearing a 42-year low as labor market conditions continued to tighten in a boost to the economy.

 

Initial claims for state unemployment benefits dropped 5,000 to a seasonally adjusted 267,000 for the week ended Dec.19, not far from levels last seen in late 1973, the Labor Department said on Thursday.

 

Economists polled by Reuters had forecast claims dipping to 270,000 in the latest week. Claims have been below 300,000, a threshold associated with a buoyant labor market, for 42 consecutive weeks. That is the longest stretch since the early 1970s.

 

Come one "Peace and Security"   :bouncing:


Edited by trottigy
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Yup. As soon as Trump becomes president and authorizes oil export to his new pal Putin, there will be jobs for everyone!

 

:lol1:

 

Your just trying to get a comment in before someone posts the usual - "this does not mean what you think it means" post :lol1:

 

 

EDIT: and didn't they just approve oil exports. Thank you President Obama   :touche:  I seriously doubt Russia wants MORE oil. They are trying hard to sell what they have at a "reasonable" price.


Edited by trottigy
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I seriously doubt Russia wants MORE oil. They are trying hard to sell what they have at a "reasonable" price.

 

I recently read an article that Russia was preparing for crude to be $30/bbl. It's interesting to read the news articles from last year when Putin realized OPEC was maintaining their production and he said the global glut would hurt Russia but not fatally. That was a year ago...

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Since sanctions were kept in place and oil is still cheap - it will be interesting to see what happens in Russia this coming year.

 

How is this for :offtopic:  ???

 

 

EDIT: I wouldn't be investing in any Russia ventures any time soon - that is FOR SURE!


Edited by trottigy
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Your just trying to get a comment in before someone posts the usual - "this does not mean what you think it means" post 

 

 

If they are measuring the same data then the trend is important. Whether or not they are measuring the right data is a separate issue.

 

(Back on topic)


Edited by Tortuga
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well nobody could predict the recession back in 07. just before the recession, all jobs data, manufacturing, home sales presented a rosy picture of 'good times ahead'!

saw it in 01, 07 and very unlikely to change next time.

 

http://intheblack.com/articles/2015/07/07/6-economists-who-predicted-the-global-financial-crisis-and-why-we-should-listen-to-them-from-now-on

 

Oh - and my dad kept going on about unsustainable lending...  :)

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well nobody could predict the recession back in 07. just before the recession, all jobs data, manufacturing, home sales presented a rosy picture of 'good times ahead'!

saw it in 01, 07 and very unlikely to change next time.

Isn't there a new movie out about the guys that did and made a fortune because of it - something with Brad Pitt?

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The term 'Nobody' was figurative, representing the majority, mainstream economists including many Nobel laureates like Paul Krugman etc. Hardly a few predicted it correctly back then and those who did were frowned upon too.

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Isn't there a new movie out about the guys that did and made a fortune because of it - something with Brad Pitt?

 

 

new movie called...THE BIG SHORT...premise of the film

 

  When four outsiders saw what the big banks, media and government refused to,

 

  the global collapse of the economy, they had an idea:  The Big Short.  Their bold

 

  investment leads them into the dark underbelly of modern banking where they

 

  must question everyone and everything.

 

  main cast:  Brad Pitt, Ryan Gosling and Christian Bale

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