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Wed Nov 24, 2021, 09:39 AM

Weekly jobless claims fall to lowest in 52 years.

Hopefully this gets the headlines it deserves.

https://www.cnn.com/2021/11/24/economy/pandemic-unemployment-benefits/index.html

6 replies, 895 views

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Reply Weekly jobless claims fall to lowest in 52 years. (Original post)
Johnny2X2X Nov 24 OP
JohnSJ Nov 24 #1
CaptainTruth Nov 24 #2
progree Nov 24 #3
uponit7771 Nov 24 #4
SergeStorms Nov 24 #5
Dopers_Greed Nov 24 #6

Response to Johnny2X2X (Original post)

Wed Nov 24, 2021, 09:48 AM

1. Unfortunately I don't think so, at least on Bloomberg. They are reporting it, but the hosts seem

more enthusiastic about pushing how oil prices are not going down since the announcement of the release from the strategic petroleum reserves.

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Response to Johnny2X2X (Original post)

Wed Nov 24, 2021, 10:50 AM

2. I always wonder how much of the drop is due to benefits expiring.

In other words, if I understand correctly, "jobless claims" as used in the article are not NEW unemployment claims, they include ongoing claims, so when a person's unemployment benefits run out they're no longer counted as a "jobless claim" because they have no benefit left to claim, but they can still be unemployed.

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Response to CaptainTruth (Reply #2)

Wed Nov 24, 2021, 11:10 AM

3. This one goes into detail - the 199,000 figure is new claims

https://www.democraticunderground.com/10142831191

Then there are continuing claims, 2.049 million, which like you say, some benefits expire and they drop off the continuing claims count.

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Response to Johnny2X2X (Original post)

Wed Nov 24, 2021, 11:24 AM

4. Isn't the US at the peak of baby boomers retiring too? thx in advance

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Response to uponit7771 (Reply #4)

Wed Nov 24, 2021, 04:18 PM

5. Baby boomer years: 1946 - 1964

So I guess we're a little past peak, but not by much. Next up: Generation X.

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Response to Johnny2X2X (Original post)

Wed Nov 24, 2021, 06:43 PM

6. This won't be widely reported

Since it won't help the mainstream media get their cash cow back into office.

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