The other unemployment news

It was hard to miss the news that unemployment claims declined last week, from horrible numbers to just "really bad" numbers.

Yet if you do just a moderate amount of digging into the DOL report you find that this "good news" isn't good news at all.

The advance number for seasonally adjusted insured unemployment during the week ending April 25 was 6,351,000, an increase of 56,000 from the preceding week's revised level of 6,295,000. The 4-week moving average was 6,207,250, an increase of 125,250 from the preceding week's revised average of 6,082,000.

Continuing unemployment claims are now at 6.35 million - an all time record.

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3 instapopulists on unemployment stats

Maybe one of us should take all of these as links and then combine them into one blog post.

I'm finding these numbers really not good but the biggest is the overall trend of "work erosion" in terms of the type of employment, the hours, the wages, the absurd productivity levels, etc.

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I was going to just add a comment

But NDD's post was so positive that I felt it necessary to have an equal article to offset it.

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Yin and Yang

No problem, G.

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I'm putting together a database of jobs losses by state

by economic sector since the start of the recession.

It's construction and manufacturing that have been nailed. Job losses in the financial sector are low, and employment is steady in education and health services. Government employment is up most everywhere.

Falling sectors need to be target for stimulus, but we've dumped billions into the financial sector.

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Trapdoor day is comming

Government employment is up most everywhere.

I expect THAT to reverse pretty darn soon- July 1 2009 is the end of the fiscal year for a lot of states that have seen massive losses in tax revenue as of late

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Maximum jobs, not maximum profits.