US Jobless claim fall AGAIN

Thursday, May 08, 2025

The number of Americans filing new applications for unemployment benefits fell more than expected last week, suggesting the labor market continued to chug along, though risks are mounting from tariffs.

Posted by ScottS at 10:22 AM | 12 COMMENTS | permalink

Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 228,000 for the week ended May 3, the Labor Department said on Thursday. Economists polled by Reuters had forecast 230,000 claims for the latest week.

The number of people receiving benefits after an initial week of aid, a proxy for hiring, decreased 29,000 to a seasonally adjusted 1.879 million during the week ending April 26, the claims report showed.

Comments

I know, I know - experts wrong AGAIN as their doom and gloom fails to materialize. The liberal tears over the country not failing as they dreamed it would continue flowing.

#1 | Posted by ScottS at 2025-05-08 10:23 AM

You apparently didn't read the article and it shows.

#2 | Posted by Sycophant at 2025-05-08 10:26 AM

"You apparently didn't read the article and it shows.
#2 | Posted by Sycophant"

I read more and more numbers looking good and liberals saying "just wait" as every one of their predicts does not pan out - it sounds exactly like their global warming -------- that even they no longer believe.

#3 | Posted by ScottS at 2025-05-08 10:42 AM

Biden's fault.

#4 | Posted by Doc_Sarvis at 2025-05-08 11:22 AM

"Employers are hoarding workers after difficulties finding labor during and after the COVID-19 pandemic. But that could become tougher to maintain as other data from the Labor Department on Thursday showed worker productivity declining for the first time in nearly three years in the first quarter, boosting labor costs.

The weakness in productivity, if sustained, could pressure margins for businesses at a time when they are facing higher costs from President Donald Trump's sweeping import duties.

"Companies in the face of trade war uncertainty are holding onto their workers for now," said Christopher Rupkey, chief economist at FWDBONDS. "The million-dollar question is, how long can companies tough it out as first-quarter productivity statistics show unit labor costs soared?""

From the article

#5 | Posted by Sycophant at 2025-05-08 11:28 AM

#5 | POSTED BY SYCOPHANT

This is all conjecture from a government agency that continually under Biden, understated the reality.

The only thing that matters is the numbers.

#6 | Posted by oneironaut at 2025-05-08 11:30 AM

#5 | Posted by Sycophant

not very convincing

in the 3 paragraphs I see " could become

if sustained

could

question is.

--shoulda woulda coulda yada yada yada...

to conclude " we'll see"

#7 | Posted by shrimptacodan at 2025-05-08 11:36 AM

You apparently didn't read the article and it shows.

#2 | Posted by Sycophant

There's a reason that stupid pile of s(*& falls for MAGA nonsense.

#8 | Posted by jpw at 2025-05-08 11:36 AM

The only thing that matters is the numbers.

#6 | Posted by oneironaut

The only people who say this are people with a narrative to support.

#9 | Posted by jpw at 2025-05-08 11:38 AM

not very convincing
in the 3 paragraphs I see " could become
if sustained
could
question is.
--shoulda woulda coulda yada yada yada...
to conclude " we'll see"

#7 | Posted by shrimptacodan

GPS: "Shrimp, there is a cliff ahead. If your current speed is sustained, you could drive off the cliff."
Shrimp: "If sustained and Could? Bah! shoulda woulda coulda yada yada yada!"
GPS: "We have now driven over the cliff, are plummeting towards the ground, and you are going to die."
Shrimp: "Not very convincing!"

#10 | Posted by Sycophant at 2025-05-08 11:45 AM

All those poor people too discouraged to even call themselves unemployed. SAD!

#11 | Posted by LegallyYourDead at 2025-05-10 03:10 AM

That's about the same number of new claims that we saw for the same week during 2024 and 2023 yet Trump supporters insisted we were in recession at those times.
I guess if I hold them to their word then the economy is horrible right now and we are in recession.

#12 | Posted by johnny_hotsauce at 2025-05-11 02:05 AM

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