The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.

Friday, May 15, 2015

Jobless Claims Lowest in 15 Years. Why Not News Worthy?

The true news geek may have missed this interesting ans exciting tidbit form the new wires on yesterday. While all major cablemedaiapproapritley expened coverage on the AMTRAK derailment in Philadelphia. It was amazing that not one cable news network even touched into this report.

Jobless claims hit a 15 year low. despite disparaging remarks from the Right about "employment participation rates," it is absolutely gleeful to find fewer Americans filing for unemployment. The following AoL piece also includes positive remarks regarding our economic future. It is a quick read, so no worries about moving away from more "exciting" news chosen for us via electronic media.


Jobless Claims Near 15-Year Low; Producer Prices Fall

Claims below 300,000 for 10 straight weeks

Application for employment and pen

By Lucia Mutikani

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, indicating the jobs market was on solid footing even as the economy struggles to regain momentum after abruptly slowing in the first quarter. 
Other data on Thursday showed that a strong dollar and lower oil prices suppressed producer inflation in April. That together with signs of modest growth early in the second quarter suggest the Federal Reserve will probably not raise interest rates until later in the year. 
Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 264,000 for the week ended May 9, the Labor Department said on Thursday, within a whisker of a 15-year low reached two weeks ago. 
They have been below 300,000, a threshold associated with a strengthening labor market, for 10 straight weeks. Economists polled by Reuters had forecast claims rising to 275,000. 
The four-week moving average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 7,750 to 271,750 last week. That was the lowest level since April 2000.
Read More

It is critical to remember "entertainment media seeks your viewing not for purpose of socially surviving the populace with news; it is singularly focused on revenue.  Electronic media is also the most visible part of six conglomerates who own all US media.  You are dangerously naive, if you for one second do not recognize the prospect of cronyism and political influence from the nation's uber wealthy.

If you are of an age group that lived as far back as the late 1960s and early 190s, you may long for the day of real news coverage that we could view, trust and fold into our memories as part of a knowledge base. Today, we can only rest assured of that which appeals to the camera, politically influenced dogman (Fox News) and more often than not silly coverage from the likes of CNN.  If you think I am keyboarding with a degree of hyperbole, think about a time when the nation suffered as many as 500,000 job losses in a one month period. Also think about the fact GOP politicians will not mention the US economy. If you are waiting for any of the 20 pus GOP prospects to speak about the unemployment rate or jobless claims, you might as well stand an invite a bolt of lightning across your forehead, it will not forthcoming.

I posit the coverage of lowered Jobless Claims on May 14, 2015, was nonexistent for political reasons. I suggest that attest to the athletic saste of US electronic media.

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