Re: Unemployment claims drop even lower


Ronald O'Neal wrote:
"Beal" <bealrabbitslayer@xxxxxxxxxxx> wrote in message
news:1150482991.507802.116640@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
http://www.dol.gov/opa/media/press/eta/ui/eta20060998.htm

New claims hit only 295,000 this week, 48,000 lower than January 20,
2001.

That's lower than the average weekly new claims for 1993 (343,367).
That's lower than the average weekly new claims for 1994 (340,019).
That's lower than the average weekly new claims for 1995 (358,731).
That's lower than the average weekly new claims for 1996 (351,788).
That's lower than the average weekly new claims for 1997 (321,615).
That's lower than the average weekly new claims for 1998 (317,038).
That's lower than the average weekly new claims for 1999 (297,500).
That's lower than the average weekly new claims for 2000 (299,340).
www.dol.gov

Yes, yes, we know. This economy is in the shitter and the labor market
is the worst since the Depression. Blah, blah, blah.


Unemployment claim numbers, are deceptive. Unemployment benefits can only
be collected for a limited period of time. After that, if you have not
found employment, then no more claims can be made until you DO find
employment. So there is no way of knowing from the above figures how many
of those in 2000 are now working or not working.

These are initial claims numbers only.

.

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