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U.S. Jobless Claims Remain Mostly Unchanged

U.S. Jobless Claims Remain Mostly Unchanged

The number of new unemployment claims dropped by 2000 this week according to the Department of Labor, leaving the number of claims at still about 370,000 reports Bloomberg News. “The sluggish progress in unemployment claims, which have retreated from an almost four-year low earlier this year, coincides with job creation that has also lost steam. Absent fewer firings, companies in the U.S. may not ramp up hiring to levels leading to bigger payroll growth.”

Last week’s 370,000 claims was revised up slightly to 372,000, resulting in identical weekly numbers.

The unemployment rate is still estimated to be at about 8.1 percent, although that number could begin to fluctuate more as states lose the ability to provide long-term unemployment benefits due to budget constraints.

The continuation of stagnant job numbers and an unemployment rate that refuses to budge has given new fire to likely Republican presidential nominee Mitt Romney, who is claiming now that if elected, he will bring the unemployment rate down to 6 percent by the end of his first term. I can tell you that over a period of four years, by virtue of the policies that wed put in place, wed get the unemployment rate down to 6 percent, and perhaps a little lower, Romney says in a Time magazine interview.

But as The Hill reports, that’s 2 percent higher than Romney’s goal of just a few weeks prior. “Romney moved the goalposts in just a matter of weeks, LaBolt said in a conference call with reporters. He said 4 percent a couple weeks ago.”

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14 comments

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11:32AM PDT on May 25, 2012

Maybe that's one reason they won't end the bloody Drug War/Private Prison system. All the unemployed gang members, judges, police, lawyers, bankers, DEA, prison guards, mafia, etc. would overwhelm the system.

9:38AM PDT on May 25, 2012

I just read a report that goes back every month to 1987 and the 30 WORST months of unemployment were all while O Bama was President!
The worst month for George Bush was still better then O Bama's best month!!!


8:53AM PDT on May 25, 2012

I just read in the newspapers that HP Computers are eliminating 27000 jobs over the next few years (by 2014)

8:49AM PDT on May 25, 2012

370,000 unemployment claims..... what Robin Marty fails to tell us is that's NEW unemployment claims - people that have lost their jobs!

Seems to me Obama's campaign ads are boasting that he's CREATED jobs?

Another lie!

But of course - Romney's numbers are just so much better to attack huh?

Admit it Robin - your pres has failed MISERABLY!

And just about anyone would be better.

8:09AM PDT on May 25, 2012

If you will look at the recent news about T-Mobile moving 3000+ jobs over seas you will understand why our unemployment numbers remain high. American Corporations refuse to pay fair corporate taxes and then send hundreds of thousands of jobs over-seas to increase their annual bonus pool and obscene profit margins. The jobs will not come back until we demand the traitors who export jobs be taxed mercilessly for every American job they export and charged with treason ! If you knowingly continue to use T-mobile as a provider, you too are guilty of treason !

5:48AM PDT on May 25, 2012

Yup, one unemployed person can only claim so many times and then they die. That statistic doesn't seem to be reported as much.

4:29AM PDT on May 25, 2012

(cont) "Well, I was wrong. Bob's problem isn't that he doesn't get it. Bob's problem is that he can't sell it! We have serious problems to solve, and we need serious people to solve them. And whatever your particular problem is, I promise you, Bob Rumson is not the least bit interested in solving it. He is interested in two things and two things only: making you afraid of it and telling you who's to blame for it. That, ladies and gentlemen, is how you win elections. "

Sorry Romney, you can't sell me on your ability to put people back to work..you spent to0o much time..putting them out of it.

4:28AM PDT on May 25, 2012

Romney might call in a few favors from his nascar owning buddies and get a couple of people hired..but frankly..I believe the Man who says 'I like being able to fire people who provide services for me" about as far as I can throw the Empire State Building one handed.

The best shot we have had at getting 90% of this country who are unemployed back to work is Obama's Jobs Initiative for the repair of the Infrastructure. Not only builders and road workers back to work if that went through but everything from manufacture to support services gets swept in as well. Even Waitresses, Entertainers and Zoologists would be put back to work..why? Because working people have money to spend and a need to relax. Because rebuilding a road is about more than just laying down asphalt, and because people will need homes to live in, groceries, clothing, you name it, all the things that make life possible and enjoyable when you can afford them. Best of all..all those employed people are now paying taxes, FICA, and hopefully buying American made products, boosting our economyh even further.

But there are some pig headed people sitting in Congress who are far more interested in getting a President out of office than in actually doing their job... they are the ones for whom this quote from The American President really applies "Well, I was wrong. Bob's problem isn't that he doesn't get it. Bob's problem is that he can't sell it! We have serious problems to solve, and we need serious people to

8:26AM PDT on May 24, 2012

thanks

8:01AM PDT on May 24, 2012

Does Romney have a math problem?

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