If the recession is over, why are jobless claims up?
May 25th, 2011 | 
Author: Question by Moth on the wall.: If the recession is over, why are jobless claims up?
Initial filings for unemployment insurance ticked up in the latest week, but continued to hover in the same range they have been since November, the government reported Thursday. The number of first-time filers for unemployment benefits rose to 465,000 in the week ended Sept. 18, the Labor Department reported Thursday. The number was higher than economists’ forecasts of 450,000 for the week, according to consensus estimates by Briefing.com. It also marked an increase from the upwardly revised 453,000 initial claims filed in the previous week, which was shortened by Labor Day.
Best answer:
Answer by Chemical Ali
Who said the recession is over?
I didn’t get the tweet.
Give your answer to this question below!
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that’s the government for you…
Lol,” the recession’s over.”
You’ve gotta go get a time slot on Comedy Central, that’s hilarious stuff man.
Because jobs are the caboose on the economic recovery train. It’s Economy 101. Everybody (who reads, that is) knows this.
(for the millionth time)
These economists are stupid because other economist are calling this a depression.
DTG
Just another example of 0bama’s bullshiit.
This is just one more thing the Democrats and the liberal media are pushing because they think people will magically believe them and vote Democrat in November.
It ain’t gunna work.
It’s not over, that’s just the liberal-biased media going even further into the tank for the left.
Even Obama’s boy- Warren Buffet says it isn’t over.
So do you think that whenever there is not a recession going on, it’s impossible for jobless claims to increase from one week to the next?
Interesting economic theory. Got any support for it? I’m pretty sure I’ve never heard ANY economist claim that the only way to stay out of a recession is to have every-decreasing numbers of newly unemployed.
Crap does flow downhill….Always takes longer to build that it does to fall…..unless you don’t believe in gravity and think the whole world just sucks.
For those not paying attention, this refers to a report issued by the National Bureau of Economic Research, NOT the Obama administration.
The end of a recession does not mean that suddenly everything has turned around.
The report refers to statistics regarding real Gross Domestic Product (real GDP) and real Gross Domestic Income (real GDI), and says that the “business trough” hit bottom in 2009.
The NBER said:
“The committee did not conclude that economic conditions since that month have been favorable or that the economy has returned to operating at normal capacity.”
Because more people are looking for jobs now. As the economy gets better, more people enter the work force looking for work or are willing to try and change jobs.
The definition of when we are or are not in a recession is more an indication of which direction the economy is moving than it is an indication of where the economy is.
We are apparently headed up hill instead of down but we’ve a long way to go yet before we get to a decent altitude.
Recession has nothing to do with job loss or gain, it is an anomaly of sorts. The recession is technically over because our GDP has been increasing as opposed to continuing to decrease. But it is interesting, you would think it would be opposite.
They call it a jobless recovery. What that means is the Democrats have helped the rich and greedy but left the middle and poor classes in the dirt.
Even Warren Buffet said we weren’t out of the recession.
Liberals are extremely desperate – they’ll say anything before an election.
Liberals think Americans are morons.
Technically the Recession is over in terms of GDP Growth.
But there are some companies who have not recovered from the effects of the Recession.
But the worst is behind us.
This is good news too:
http://money.cnn.com/2010/09/23/smallbusiness/small_business_legislation_house/index.htm?hpt=T1&iref=BN1
The definition of a recession is based on economic growth and not unemployment figures. The democrats tried changing the definition during the election cycle to make Bush look bad. It is what it is, and although the economy is far from healthy, it’s small amount of growth fits the definition that we are not currently in a recession, but it’s still on life support and we could be back in it, in two quarters.
If the government can make you think it is over, hopefully you will vote for the current administration. They hope you are that stupid and gullible. And they figure that if you think it is over you will go out and spend money and it will be over.
“Recession” in the context you’re citing it is a technical term from economics, referring to x number of quarters without contraction of GDP. For most people – conservative, centrist, and liberal – it has no bearing on real life.
The stock market is in a gradual (but very very slow) long term recovery. since around 09. If you ask me the worst is over but things will probably stay as is for another 3-6 years.
Because, as every economist will tell you, unemployment is a “lagging indicator”, which means it is one of the LAST things to improve during a recovery.
http://economics.about.com/cs/businesscycles/a/economic_ind.htm
The recession is NOT over!