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Jobless Claims Surge

Discussion in 'Economics and Financials' started by Fin Fan In Cali, Nov 13, 2008.

  1. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    Jobless claims surge while trade deficit narrows - Yahoo! News


    The Labor Department reported Thursday that jobless claims shot up by 32,000 last week to a seasonally adjusted 516,000, the highest total in seven years. The tally was much higher than analysts expected and a further indication of how much the labor market is deteriorating amid the shrinking economy. The government reported last week that the unemployment rate surged to a 14-year high of 6.5 percent in October.
     
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  2. njfinfan

    njfinfan The First Lady

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    God - when will this nightmare end?
     
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  3. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    If you have a good job now, please make sure you bust your butt to show your employer that you are the one that should stay in case your business gets slow. Trust me this has been the hardest thing for me to be unemployed. I am going to a military job fair today to hopefully get a job with a good company or at least get a foot in the door.
     
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  4. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    Mary I hope the good news starts today. I wish the very best of my fellow brothers and sisters that are out of work everyday.:yes:
     
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  5. jdang307

    jdang307 Season Ticket Holder Club Member

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    All this talk did not hit home until yesterday. GF's dad is being laid off by the end of the year. This is some crazy stuff.

    Since we are falling so fast and so hard, I'm praying we hit bottom sooner rather than later, begin to reinvest ourselves as a nation, and start a new journey.
     
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  6. njfinfan

    njfinfan The First Lady

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    I hope everything will turn out okay for your girlfriends dad.
     
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  7. jdang307

    jdang307 Season Ticket Holder Club Member

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    I hope it works out for everyone here and everyone we all know as well. It's tough.
     
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  8. njfinfan

    njfinfan The First Lady

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    It really is tough. Hubby's been out of work for over a year now and no prospects in sight. I heard on the news this morning that there were 84,000 foreclosures in the northeast due to unemployment during the month of October alone. Scary stuff.
     
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  9. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    If today's turn out by existing and past military is any sign, the economy is really bad here. There were hundreds of people showing up. I got some leads, and have already sent in my resumes so we shall see.:wink2:
     
  10. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    Wish him the best brother. I think Cali's unemployment rate has to be close to 9% if not over. The unemployment numbers for California will be coming out here in the next week.
     
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  11. jdang307

    jdang307 Season Ticket Holder Club Member

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    First to fall, hopefully first to recover too. Just like our housing market.
     
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  12. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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