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Propaganda Level - Pro: Weekly jobless claims plunge to 199,000, lowest level in 50 years

Posted on 11/25/21 at 8:01 am
Posted by Cheap Thrill
Member since Nov 2021
9 posts
Posted on 11/25/21 at 8:01 am
They are trying to push this as if the economy is fine. All benefits for these freeloaders have expired. That is why claims have plunged.

Claiming 581,000 jobs added...

Of course consumer spending has risen. Food and gas prices up 25-100%. I spend a lot more now than I did a year ago. We still have to eat at my house.

quote:

The number of Americans filing initial unemployment claims tumbled to 199,000 — the lowest level since November 1969 — the Labor Department reported Wednesday, part of a spate of positive economic news that signaled that many of the wrinkles of the nation’s recovery continue to be smoothing out.

It was just the latest bit of good news for the labor market, which remains about 4 million jobs below pre-pandemic levels but has staged a strong recovery, adding about 581,000 jobs a month on average this year.

Separately, the Commerce Department said that consumer spending increased by 1.3 percent in October, its fastest pace since March, in a sign that Americans are continuing to spend.


Weekly jobless claims plunge to 199,000, the lowest level in more than 50 years
Posted by OMLandshark
Member since Apr 2009
109449 posts
Posted on 11/25/21 at 8:03 am to
They do know we can go outside and clearly see basically everyone is understaffed, right?
Posted by loogaroo
Welsh
Member since Dec 2005
31286 posts
Posted on 11/25/21 at 8:04 am to
Don’t forget SCOTUS killed the rent moratorium as well.

Not to mention we stopped the greatest economy the world had ever seen dead in its tracks. A good percentage of those jobs need to be filled again.
This post was edited on 11/25/21 at 8:08 am
Posted by oldskule
Down South
Member since Mar 2016
15485 posts
Posted on 11/25/21 at 8:06 am to
WHen you run out of money, you can either steal or go back to work!

And both are happening now....

Unemployment rate down
Crime rate up
Posted by udtiger
Over your left shoulder
Member since Nov 2006
99389 posts
Posted on 11/25/21 at 8:11 am to
quote:

It was just the latest bit of good news for the labor market, which remains about 4 million jobs below pre-pandemic levels but has staged a strong recovery, adding about 581,000 jobs a month on average this year


Yeah...this is fantastic news.

Holy shite
Posted by GeauxTigerTM
Member since Sep 2006
30596 posts
Posted on 11/25/21 at 8:12 am to
quote:

They do know we can go outside and clearly see basically everyone is understaffed, right?


Yes, but it doesn't matter.

They knew we could all clearly see a 17 year old boy surrounded by attackers who defended himself, but they still insisted on telling us we weren't seeing what we were seeing.

Kyle's case may be the best example we've yet had of the press simply deciding facts don't matter. Not only did we have full video of the incident, but we had a kid that could not be further from the narrative the press was painting as militant Trump hyper-political white nationalists roaming the countryside looking for victims. This was a clearly good, decent kid who had virtually no social media imprint and ZERO that had anything to do with politics or race issues who looked like he was plucked right out of central casting for a reboot of The Andy Griffith Show. You know they had to be demoralized for a beat when they saw the video and realized who/what the kid was and was not. But, they soldiered on and told their story anyway and they have a huge percentage of the country believing that the kid is a vile white supremacist who crossed state lines with an illegal weapon who then proceeded to shoot innocent black protesters s they tried to disarm an active shooter. So long as they hold together and tell the lie over and over, who is going to say they're wrong? The "right wing media" that Hillary has been demonizing since the early 90's?

You think they can't or won't spin some esoteric economic issue? This is cake.
This post was edited on 11/25/21 at 8:21 am
Posted by redneck hippie
Stillwater
Member since Dec 2008
5611 posts
Posted on 11/25/21 at 8:19 am to
OKC mayor (R) was on the news last week saying OKC unemployment was below 1%, best in 50 years. Hard to believe
Posted by Homesick Tiger
Greenbrier, AR
Member since Nov 2006
54239 posts
Posted on 11/25/21 at 8:25 am to
But the question is - is this due to Biden policies or just the fact that all of the jobs that were shut down because of the pandemic are now coming back to life because there is no longer the amount of mandates on businesses than there was a year ago?

I'd say it's the latter because I have seen no evidence of Biden instituting anything that has caused an upswing in employment numbers. If anything he has caused thousands of American to become unemployed because of his policies. Maybe someone can tell me different. I'm all ears.
Posted by dgnx6
Baton Rouge
Member since Feb 2006
69060 posts
Posted on 11/25/21 at 8:38 am to
The key is in their words. Initial claims.

Who the frick is filling for unemployment for the first time rt now? Oh yeah, barely anyone.

This is where they get the masses. You have to read the words and think critically.

That number is so low because of how high initial claims already were.

This post was edited on 11/25/21 at 8:41 am
Posted by bayoudude
Member since Dec 2007
24976 posts
Posted on 11/25/21 at 8:46 am to
Unemployment and Job participation are two different things. Many have dropped off the unemployment rolls but are still sitting on their asses
Posted by RTRinTampa
Central FL
Member since Jan 2013
5532 posts
Posted on 11/25/21 at 9:20 am to
If you're not even looking, you're not counted. Stop handouts for a couple of months and watch the numbers.
Posted by Great Plains Drifter
Member since Jul 2019
4575 posts
Posted on 11/25/21 at 9:24 am to
Now, now - let’s not engage in thought crime against our Ministry of Truth.
Posted by LSUME86
Baton Rouge of course...
Member since Dec 2006
1869 posts
Posted on 11/25/21 at 9:25 am to
Posted by imjustafatkid
Alabama
Member since Dec 2011
50959 posts
Posted on 11/25/21 at 9:26 am to
quote:

It was just the latest bit of good news for the labor market, which remains about 4 million jobs below pre-pandemic levels but has staged a strong recovery, adding about 581,000 jobs a month on average this year.


We call this putting lipstick on a pig.
Posted by RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
105499 posts
Posted on 11/25/21 at 9:28 am to
In other homeland news



Posted by TheHarahanian
Actually not Harahan as of 6/2023
Member since May 2017
19589 posts
Posted on 11/25/21 at 9:32 am to
Nothing to see here. Move along.

Posted by dakarx
Member since Sep 2018
6911 posts
Posted on 11/25/21 at 10:31 am to
The media tried to crucify Trump for hurting businesses when the Labor Participation Rate hit it's all time high because they had to compete for employees with higher wages and benefits...

SO next month should be stellar when 10's of thousands of healthcare workers are let go for being unvax'd right?

Posted by the808bass
The Lou
Member since Oct 2012
111700 posts
Posted on 11/25/21 at 10:32 am to
quote:

The number of Americans filing initial unemployment claims tumbled to 199,000 — the lowest level since November 1969 — the Labor Department reported Wednesday, part of a spate of positive economic news that signaled that many of the wrinkles of the nation’s recovery continue to be smoothing out.


It will get adjusted.
Posted by trinidadtiger
Member since Jun 2017
13577 posts
Posted on 11/25/21 at 12:57 pm to
quote:

It was just the latest bit of good news for the labor market, which remains about 4 million jobs below pre-pandemic levels but has staged a strong recovery, adding about 581,000 jobs a month on average this year


And keep in mind, on average about 2 million jobs are added each year, so throw in the 2 years of pandemic, that means we are about 8 million jobs shy of where we should be.
Posted by tarzana
TX Hwy 6--Brazos River Backwater
Member since Sep 2015
26409 posts
Posted on 11/25/21 at 1:04 pm to
quote:

Weekly jobless claims plunge to 199,000

quote:

581,000 jobs added

Can we finally, as a nation, on this glorious Thanksgiving Day, put aside our partisan divide and graciously acknowledge that Bidenomics is working?
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