From Meteor Blades at Daily Kos:
while today's Labor Department report on unemployment compensation claims shows a continuing downward trend that began last spring, it is increasingly likely the first month of job growth will not take place until 2010.
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It is still a brutal job market out there. Here's an example of how the stimulus has helped in one community but the White House should be doing much more talking about it.
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There's no getting around the fact that the numbers are painfully high and a sign of a weak job market.
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Every little bit counts. The numbers are still awful though in this case, fewer are better. CNNMoney:
The number of Americans filing for initial unemployment insurance fell last week, and ongoing claims also dropped, the government said Thursday.
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The positive news in this disaster of a report is that the pace is slowing and it was somewhat less than expected.
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This is good economic news (when was the last time we were able to write that?):
U.S. employers cut 247,000 jobs in July, far less than expected and the least in any month since last August, according to a government report on Friday that provided the clearest evidence yet that the economy was turning around.
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It looks like a step in the right direction, because it's less bad. That's the new good:
The number of U.
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AFL-CIO
Labor Chief Deplores Defacing of Gay Pride PostersNew York TimesLabor Secretary Hilda Solis issued a warning letter to departmental employees late last week, after posters celebrating Gay Pride Month .
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Today, the Labor Department released figures showing unemployment hitting new highs, continuing to exceed even the level the Obama Administration forecast it would have attained without the “stimulus”–and considerably higher (considerably, considerably) than Democrats promised if Congress passed the legislation which may well have ended Arlen Specter’s political career.
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The nitwits of CNBC strike again with their "recession is over" shtick. That team wouldn't have a feel for the real world if it bit them in the bottom.
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It's nice to see such strong and direct action from one portion of the administration. (NYT):
Labor Secretary Hilda Solis issued a warning letter to departmental employees late last week, after posters celebrating Gay Pride Month hanging in 35 department elevators since June 22 have been either defaced or removed altogether.
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Advocate.com
Labor secretary denounces gay pride poster vandalsThe Associated PressSolis, the first secretary in the department's history to publicly recognize Lesbian, Gay, Bisexual and Transgender Pride Month, sent an agency-wide e-mail .
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Labor secretary denounces defacement of gay pride posters at ...Los Angeles TimesSolis, the first secretary in the department's history to publicly recognize Lesbian, Gay, Bisexual and Transgender Pride Month, sent an agency-wide e-mail .
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Posters for Gay Pride Month hanging in 35 elevators at the Labor Dept. since June 22 have been "defaced or removed," the NYT reports.
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The peak unemployment numbers have yet to arrive and again, it's unlikely the US will see a rapid recovery.
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Another mixed bag report. Maybe the focus will be more on beating the forecast since it was such a significant miss.
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And productivity numbers are up. That's the bounce needed after yesterday. Reuters:
Fewer U.S. workers filed new claims for jobless benefits for a third straight week last week and productivity rose at a stronger-than-expected pace in the first quarter, data showed on Thursday, supporting budding hope that the recession was losing force.
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Jon Gosselin and Kate Gosselin are being investigated by the Pennsylvania labor department.
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