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WASHINGTON — The number of people seeking unemployment benefits fell by 12,000 last week, a hopeful signal that the job market may be improving. The Labor Department says applications declined to a seasonally adjusted 365,000. The four-week average, a less volatile measure, ticked up to 371,250.
Economists forecast that employers added 135,000 jobs last month, while the unemployment rate is expected to stay unchanged at 8.3 percent.
Unemployment During the Great Depression
Average rate of unemployment
in 1929: 3.2%
in 1930: 8.9%
in 1931: 16.3%
in 1932: 24.1%
in 1933: 24.9%
in 1934: 21.7%
in 1935: 20.1%
in 1936: 16.9%
in 1937: 14.3%
in 1938: 19.0%
in 1939: 17.2%3
Harry Dent, author of the new book The Great Crash Ahead, says another stock market crash is coming due to a bad ending to the global debt bubble. He has pulled back on his earlier prediction of a crash in 2012, as central banks around the world have been flooding markets with money, giving stocks an artificial short-term boost. But a crash is coming in 2013 or 2014, he warns. "This will be a repeat of 2008-09, only bigger, when it finally hits," Dent told USA TODAY.
Originally posted by sonnny1
reply to post by SangriaRed
Agree.
I know plenty of people, working paycheck to paycheck. I also know plenty of people unemployed, and cant claim unemployment benefits anymore.I wonder what the TRUE rate, of unemployment, really is. I wonder how many on ATS are part of that crowd.
US unemployment benefit applications drop 12,000 to 365,000,
Originally posted by Trueman
US unemployment benefit applications drop 12,000 to 365,000,
Don't you think the title is misleading? Can't drop from 12 to 365.
Originally posted by tauristercus
Originally posted by Trueman
US unemployment benefit applications drop 12,000 to 365,000,
Don't you think the title is misleading? Can't drop from 12 to 365.
I believe it means to say that the application number was actually 377,000 ... then it "dropped" by 12,000 giving a new figure of 365,000 applications.
Originally posted by Eurisko2012
The message is clear: No change......America is still in deep trouble
Clearly, Obamas economic policies have failed.
Everyone can see that.
Americans can also see the $16 Trillion National Debt.
Originally posted by sonnny1
reply to post by MDDoxs
Good stuff.
I am not into fear mongering either, but this isn't getting better, regardless on how people want to take it, or see it. Our economy is NOT getting better. Neither is the rest of the Worlds economy. Politicians have put us into the Position to sink or swim.