• Anonymous

    it is truly a jobless recovery. the stock market is slowly recovering and corporations are reporting gains but reserving their cash or investing overseas. the focus is on high-end consumers and emerging markets overseas. don’t you love the global economy?!

    referring back to what another poster mentioned, perhaps the delay in january payments is partly due to the EDD’s (or the EDD’s puppet-master’s) reluctance to report higher claims for the month of january? you know, start the year with positive lies.

    whatever the case, i think the best hope for many of us here (especially 30+) is just to re-train. that’s what i’m doing at the community colleges in california. i think it’s so important to take advantage of the low fees and fee waiver before the affordability is dismantled. that’s only a matter of time. if you’re afraid of the EDD breathing down your neck, you can always take online classes and report to the EDD that you’re looking for a job from 8a-5p M-F and studying at night.

    it’s better to out-bastard the bastard than to expect it to change!

    my cynicism has gotten so much worse since this whole mess began …

  • Anonymous

    I don’t want to sound stupid here and I feel really dumb asking this, but is that number a lot? Would that be why we aren’t getting our payments on time? I can’t tell if that is a lot or not! I have never been good with numbers and I don’t know what the normal amount of claims they get would be. Thanks!

  • vp

    Yeah, it’s hard to figure how much that rise in new claims would impact the EDD. If a lot of people have recently exhausted all their benefits (including extensions) it shouldn’t create too much backlog, but if it’s mostly an increase it probably would make things even worse. Those numbers are “unadjusted” and “unofficial” so could be revised up or down. If the numbers are near correct for the first two weeks of January, it could be well over 3,000 new claims for the month. It would be VERY helpful if the EDD would explain what’s going on by posting announcements on their website! Geez, it makes you wonder if they are they are trying to minimize and cover-up just how weak the “recovery” is.

  • Anonymous

    here’s an article from NPR headlining that jobless claims felly by 12,000 last week, signaling that layoffs are slowing down.

    http://www.npr.org/blogs/thetwo-way/2012/02/02/146274216/jobless-claims-fell-by-12-000-last-week

    it sort of all makes you wonder …

  • vp

    Another site:

    http://www.dol.gov/opa/media/press/eta/ui/eta20120064.htm

    What the heck is going on with the numbers?

  • Anonymous

    it’s so obvious to me that the numbers are adjusted to yield a more favorable unemployment rate. it’s better for the stock market and for the current administration so maybe it’s better to be somewhat deluded in the short-term.

    i’m not an economist or a statistician, so i really don’t know all the details of how these numbers are configured. all i know is that my unemployed friends are either still unemployed, or they have taken part-time hourly jobs with no benefits and long commutes.

    “Employers went on a hiring spree in January and drove down the unemployment rate for a fifth straight month to 8.3 percent, its lowest point in nearly three years.

    The result pointed to a resurgent job market, and it sent stock futures surging. The Dow Jones industrial average futures, which were flat before the report, jumped more than 100 points.”

    Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2012/02/03/national/w000122S17.DTL#ixzz1lKZtWffb

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