US jobless claims fall; planned layoffs smallest in 15-1/2 years

[trottigy]

http://www.reuters.com/article/us-usa-economy-idUSKBN0UL1K820160107

 

 

The number of Americans filing for jobless benefits fell last week and layoffs in December were the smallest in 15-1/2 years, pointing to a firmer labor market even as economic growth appears to have slowed sharply in the fourth quarter.

 

Coming on the heels of a report on Wednesday showing private payrolls in December notched their biggest increase in a year, the data on Thursday suggest the economy's fundamentals remain healthy as it struggles against the headwinds of a strong dollar, bloated inventories and energy sector investment cuts.

 

Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 277,000 for the week ended Jan. 2, the Labor Department said. The decline partially unwound the prior week's jump, which had lifted claims to their highest level since early July.

 

Claims were volatile in December, reflecting the challenges of adjusting the data around holidays. Last week was the 44th straight week that claims held below the 300,000 mark, which is associated with a healthy labor market.

 

That is the longest run since the early 1970s.

 

Commodities (especially oil) are getting cheaper - hence why that portion of the stock market is down. Perhaps we'll see improvements in other areas since raw materials are getting less expensive. Hang on!!!

[Nobody]

I don't really get the point of your posts?

[trottigy]

You know the Bible says at 1 Thess 5:3 - the world will declare "Peace and Security!" - right?

 

I just look for news items that might indicate they could be close to saying it.

 

An ever improving economy, workers working, strong dollar, more spending - these are things that point to people who at one point might actually say - "Peace and SECURITY!". Unlike stories with people in misery, starving, afraid - who would be EXTREMELY UNLIKELY to say it.

 

So, as a preacher of "Good News" - that is what I look for AND soon the world will say "Peace and Security".  

Edited January 7, 2016 by trottigy

[trottigy]

 

The Chinese stock market is plummeting so fast that authorities there keep shutting it down. North Korea set off a bomb in a nuclear test. Two of the Middle East’s great powers, Saudi Arabia and Iran, are eyeing each other menacingly. In the European Union, political extremists are on the rise, migrants are pouring in and Britain may drop out (three phenomena that are not unrelated).

 

And in the United States, the number of people filing unemployment claims is hovering near the lowest levels in four decades, the jobless rate may well fall below 5 percent for the first time since 2007, and whatever the noise on the presidential campaign trail, Congress recently passed bipartisan legislation to keep the government running comfortably into next year.

 

Seven days in, 2016 is shaping up to be a chaotic year in global economics and geopolitics, with profound challenges nearly everywhere. Except, for now at least, in the world’s largest economy. The American economy is acting as a steadying force in a volatile world.

 

A giant question for 2016 — not just for Americans but for people across the globe who benefit from having one of the world’s major economic engines revving while others putter — is how resilient the United States will prove to be.

http://www.nytimes.com/2016/01/08/upshot/can-us-remain-an-island-of-stability-in-the-global-economy.html?action=click&contentCollection=Business%20Day&region=Footer&module=WhatsNext&version=WhatsNext&contentID=WhatsNext&moduleDetail=undefined&pgtype=Multimedia

Edited January 7, 2016 by trottigy

[Dustparticle]

http://www.nytimes.com/2016/01/08/upshot/can-us-remain-an-island-of-stability-in-the-global-economy.html?action=click&contentCollection=Business%20Day&region=Footer&module=WhatsNext&version=WhatsNext&contentID=WhatsNext&moduleDetail=undefined&pgtype=Multimedia

 

 Like the June 15, 2012 WT says on p.18 par,19. Tt brings out the Anglo-American Power will be dominant when the BTG goes down.

 

19 We are living in the days of the seventh head. No more heads will appear on this beast before it is annihilated. The Anglo-American World Power will be the dominant world power when false religion is eradicated. The prophecies of Daniel and John have been fulfilled to the smallest detail. We can be confident that the destruction of false religion and the battle of Armageddon will soon come. God has revealed these details in advance. Will we pay attention to the prophetic warnings? (2 Pet. 1:19) Now is the time to take sides with Jehovah and to support his Kingdom.—Rev. 14:6, 7.

[vern]

http://www.gallup.com/opinion/chairman/181469/big-lie-unemployment.aspx

https://www.rt.com/usa/jobs-us-employment-welfare-749/

http://www.usnews.com/opinion/articles/2014/07/23/the-real-unemployment-rate-and-the-dearth-of-full-time-jobs

http://www.forbes.com/sites/dandimicco/2015/02/13/jobs-the-real-unemployment-rate-please-anyone/

http://fortune.com/2015/09/14/donald-trump-unemployment-rate-jobs/



peace when there is no peace.

[trottigy]

http://www.gallup.com/opinion/chairman/181469/big-lie-unemployment.aspx

https://www.rt.com/usa/jobs-us-employment-welfare-749/

http://www.usnews.com/opinion/articles/2014/07/23/the-real-unemployment-rate-and-the-dearth-of-full-time-jobs

http://www.forbes.com/sites/dandimicco/2015/02/13/jobs-the-real-unemployment-rate-please-anyone/

http://fortune.com/2015/09/14/donald-trump-unemployment-rate-jobs/

peace when there is no peace.

 

As stated here over and over again. It does NOT matter which measure you use - just be consistent and you will see the trend is - more jobs and a better percentage of workers to non-workers then in hte last 40 years.

[bobby]

You know the Bible says at 1 Thess 5:3 - the world will declare "Peace and Security!" - right?

.  

but i just did.................

  oh........

      sorry that was a game i was playing 

[vern]

I agree with you brother about the peace and security having an economic part to it as the brothers back in the 90.s also speculated the same way.

But i don't agree with the job market being but marketed statistics to make it look more rosy then it is.

[stargazer]

this is just for info.

 

unemployment is always a lagging indicator of any economy. it doesn't tell you where you are now but rather where you've been.

 

we had good employment numbers even in 2001 and 2008/09.

[Nobody]

I get Trots point though. It's the illusion that things are getting better for MANY people, not all, but quite a few. The more the better.

 

And if they are happy, I'm happy!

 

Come on new system.

Edited January 8, 2016 by Your Brother

[trottigy]

U.S. payrolls surge in December in boost to economic outlook

http://mobile.reuters.com/article/idUSKBN0UM0FG20160108

U.S. payrolls surged in December and the job count for the prior two months was revised sharply higher, showing the economy on solid ground despite a troubling international backdrop.

Nonfarm payrolls increased by 292,000 last month, the Labor Department said on Friday. The unemployment rate held steady at a 7-1/2-year low of 5 percent even as more people entered the labor force, a sign of confidence in the job market.

Payrolls for October and November were revised to show 50,000 more jobs created than previously reported, adding to the report's upbeat tone. The only wrinkle was a one cent drop in average hourly earnings.

The robust employment data helped soothe fears about the economy's health

Yeah! And revised UP!

[destiny]

The stock market appears to be crashing for the moment.

[Tortuga]

The stock market appears to be crashing for the moment.

 

..because of China, it did that a couple of month ago too...

[trottigy]

The stock market appears to be crashing for the moment.

Buy low.

[Tortuga]

Buy low.

 

If you have the cash...

I have very little cash in the portfolio so I'd have to sell to buy, not going to do that. 

[timpin]

If you have the cash...

I have very little cash in the portfolio so I'd have to sell to buy, not going to do that. 

here's a $2 tip/investment to yield you enough funds ... http://my.xfinity.com/articles/news-general/20160109/US--Powerball.Jackpot/

[Lance]

That is like investing in lightning ...

[Tortuga]

I invested in fire but everything went up in smoke...

[Tortuga]

here's a $2 tip/investment to yield you enough funds ... http://my.xfinity.com/articles/news-general/20160109/US--Powerball.Jackpot/

4. 8. 15. 16. 23. 42.

Don't get 'lost'....

[destiny]

Buy low.

too late!

[Tortuga]

too late!

 

What do you mean 'too late'?

 

If someone plans to invest in the stock market and has a long range plan, this year may be the perfect time to invest.

[trottigy]

Agreed. A week into a market correction is often a GREAT time to buy. Don't wait too long as the market historically goes too low in its first correction and then quickly goes up to the correct level. If so again you'll miss the upturn (then it IS too late). Don't "buy when prices are high", but then again:

"past performance does not necessarily predict future results"

Edited January 10, 2016 by trottigy

[Tortuga]

Agreed. A week into a market correction is often a GREAT time to buy. Don't wait too long as the market historically goes too low in its first correction and then quickly goes up to the correct level. If so again you'll miss the upturn (then it IS too late). Don't "buy when prices are high", but then again:

"past performance does not necessarily predict future results"

 

Agreed. Many financial advisers will suggest that you plan your investment strategy and stick with the plan. If someone decides to invest a set amount on a regular schedule, stick with it no matter what the market does, it will all average out with a net increase. OTOH, a dip in the market is a good time to cautiously invest a little extra money for the long term. Don't risk your short term money hoping for a quick return...    

[trottigy]

"dollar cost averaging" - that is my method too.

So far 12% average over the last 10 years.