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Posted by: thepinetree on 05/14/2020 09:57 AM Updated by: thepinetree on 05/14/2020 09:57 AM
Expires: 01/01/2025 12:00 AM
:

Rate Of Unemployment Claims Growth Slows, However 2,981,000 Initial Claims Filed Last Week

Washington, DC...In the week ending May 9, the advance figure for seasonally adjusted initial claims was 2,981,000, a decrease of 195,000 from the previous week's revised level. The previous week's level was revised up by 7,000 from 3,169,000 to 3,176,000. The 4-week moving average was 3,616,500, a decrease of 564,000 from the previous week's revised average.  The previous week's average was revised up by 7,000 from 4,173,500 to 4,180,500.  The advance seasonally adjusted insured unemployment rate was 15.7 percent for the week ending May 2, an increase of 0.3 percentage point from the previous week's revised rate. The previous week's rate was revised down by 0.1 from 15.5 to 15.4 percent. The advance number for seasonally adjusted insured unemployment during the week ending May 2 was 22,833,000, an increase of 456,000 from the previous week's revised level. The previous week's level was revised down by 270,000 from 22,647,000 to 22,377,000. The 4-week moving average was 19,760,000, an increase of 2,729,750 from the previous week's revised average. The previous week's average was revised down by 67,500 from 17,097,750 to 17,030,250.




UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 2,614,093 in the week ending May 9, a decrease of 241,467 (or -8.5 percent) from the previous week. The seasonal factors had expected a decrease of 69,880 (or -2.4 percent) from the previous week. There were 188,264 initial claims in the comparable week in 2019. In addition, for the week ending May 9, 29 states reported 841,995 initial claims for Pandemic Unemployment Assistance (PUA).

The advance unadjusted insured unemployment rate was 14.5 percent during the week ending May 2, a decrease of 0.4 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 21,143,403, a decrease of 629,189 (or -2.9 percent) from the preceding week. The seasonal factors had expected a decrease of 1,051,708 (or -4.8 percent) from the previous week. A year earlier the rate was 1.1 percent and the volume was 1,539,086.

The total number of people claiming benefits in all programs for the week ending April 25 was 25,363,208, an increase of 6,443,777 from the previous week. There were 1,659,123 persons claiming benefits in all programs in the comparable week in 2019.

No state was triggered "on" the Extended Benefits program during the week ending April 25. Initial claims for UI benefits filed by former Federal civilian employees totaled 2,033 in the week ending May 2, an increase of 119 from the prior week. There were 1,252 initial claims filed by newly discharged veterans, a decrease of 11 from the preceding week.

There were 16,854 former Federal civilian employees claiming UI benefits for the week ending April 25, an increase of 3,084 from the previous week. Newly discharged veterans claiming benefits totaled 11,758, an increase of 3,086 from the prior week.

During the week ending Apr 25, 23 states reported 3,402,409 individuals claiming Pandemic Unemployment Assistance benefits and 13 states reported 79,538 individuals claiming Pandemic Emergency Unemployment Compensation benefits.

The highest insured unemployment rates in the week ending April 25 were in California (27.7), Michigan (23.1), Nevada (22.0), Pennsylvania (21.2), Rhode Island (20.6), Georgia (20.2), Vermont (20.0), New York (18.6), Connecticut (18.0), and Washington (18.0).

The largest increases in initial claims for the week ending May 2 were in Oklahoma (+41,385), Maryland (+25,318), New Jersey (+16,360), Maine (+8,452), and Puerto Rico (+4,600), while the largest decreases were in Florida (-258,243), Alabama (-45,981), Georgia (-38,213), Washington (-37,289), and Pennsylvania (-33,451).


UNEMPLOYMENT INSURANCE DATA FOR REGULAR STATE PROGRAMS
WEEK ENDING May 9 May 2 Change April 25 Prior Year1
Initial Claims (SA) 2,981,000 3,176,000 -195,000 3,867,000 217,000
Initial Claims (NSA) 2,614,093 2,855,560 -241,467 3,515,439 188,264
4-Wk Moving Average (SA) 3,616,500 4,180,500 -564,000 5,040,250 224,500

WEEK ENDING May 2 April 25 Change April 18 Prior Year1
Insured Unemployment (SA) 22,833,000 22,377,000 +456,000 18,011,000 1,678,000
Insured Unemployment (NSA) 21,143,403 21,772,592 -629,189 17,794,965 1,539,086
4-Wk Moving Average (SA) 19,760,000 17,030,250 +2,729,750 13,297,500 1,675,750
Insured Unemployment Rate (SA)2 15.7% 15.4% +0.3 12.4% 1.2%
Insured Unemployment Rate (NSA)2 14.5% 14.9% -0.4 12.2% 1.1%

INITIAL CLAIMS FILED IN FEDERAL PROGRAMS (UNADJUSTED)
WEEK ENDING May 9 May 2 Change April 25
Pandemic Unemployment Assistance 841,995 1,002,606 -160,611 788,733

WEEK ENDING May 2 April 25 Change Prior Year1
Federal Employees (UCFE) 2,033 1,914 +119 541
Newly Discharged Veterans (UCX) 1,252 1,263 -11 553
PERSONS CLAIMING UI BENEFITS IN ALL PROGRAMS (UNADJUSTED)

WEEK ENDING April 25 April 18 Change Prior Year1
Regular State 21,723,230 17,756,015 +3,967,215 1,629,328
Federal Employees 16,854 13,770 +3,084 8,441
Newly Discharged Veterans 11,758 8,672 +3,086 5,692
Pandemic Unemployment Assistance3 3,402,409 994,850 +2,407,559 0
Pandemic Emergency UC4 79,538 52,305 +27,233 0
Extended Benefits5 434 325 +109 0
State Additional Benefits6 6,527 4,962 +1,565 6,024
STC / Workshare 7 122,458 88,532 +33,926 9,638
TOTAL8 25,363,208 18,919,431 +6,443,777 1,659,123


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No Subject
Posted on: 2020-05-14 10:01:22   By: Anonymous
 
Trump wants to force Obama to testify, although it’s unclear as to what
While this Rick Bright testimony is going on Donald Trump urged South Carolina senator Lindsay Graham, the chairman of the Senate Judiciary Committee, to force former president Barack Obama to testify on “the biggest political crime” in American history.

Donald J. Trump
(@realDonaldTrump)

It’s unclear exactly what Trump is referring to. But in recent days the hashtag #obamagate has floated around Twitter after Obama criticized the Department of Justice for dropping the charges against former national security adviser Mike Flynn.

Trump was asked about Obamagate during a press conference last week. He didn’t elaborate specifically what alleged crime or crimes that refers to.

[Reply ]

    Re:
    Posted on: 2020-05-14 10:17:44   By: Anonymous
     
    The fact that Trump himself is unable to describe the “political crime” of which he is accusing Obama in plain English would seem to indicate that there is no such crime. Attorney General William Barr’s successful efforts, however, to turn the Department of Justice into a protection racket for the president’s felonious cronies has some thoughtful legal and historical scholars worried that Trump and Barr might weaponize the DOJ further. On Tuesday, one day after Trump failed to articulate what “crime” Obama may have committed, the New York Times reported that acting Director of National Intelligence (and former right-wing commentator) Richard Grenell declassified a list of Obama officials who had “sought to learn the identities of Trump associates swept up in surveillance of foreign officials” and that he was giving this material to the Department of Justice. This raised fears that Barr’s DOJ might actually attempt to prosecute former Obama administration officials for “Obamagate,” even as no such articulatable crimes exist. Coming on the heels of Barr’s decisions to overrule his own department attorneys to seek a dismissal of former National Security Adviser Michael Flynn’s guilty plea and a recommended sentence reduction for Trump associate Roger Stone, this concern is perhaps understandable.

    [Reply ]

      Re:
      Posted on: 2020-05-14 10:18:52   By: Anonymous
       
      But the history of conservative media’s yearslong obsession over “Obamagate,” which David Frum in the Atlantic accurately described as “a twisting ghetto of craziness that is impenetrable to outsiders,” may help point to Trump’s actual motives for resurfacing a story he has been highlighting in some form or another since at least the second month of his presidency.

      The origins of “Obamagate” come from a Trump tweet on March 4, 2017, about six weeks after his inauguration. At the time, FBI Director James Comey was investigating Flynn for lying to the FBI and Trump was leaning on Comey to drop the investigation. Trump would eventually fire Comey and seek to remove the special counsel who was ultimately appointed to investigate Trump’s likely efforts to obstruct justice in the Flynn case, but in March 2017 all of that criming would have been just a glint in the new president's eye.

      In his March 2017 tweet, Trump wrote: “Terrible! Just found out that Obama had my ‘wires tapped’ in Trump Tower just before the victory. Nothing found. This is McCarthyism!” The allegation that Obama spied on Trump turned out to be a lie, which the president conceded two years later, but it did cause a feeding frenzy in the mainstream press.

      More importantly, for Trump’s purposes, it set the entire conservative political, legal, and media apparatus on a yearslong quest to vindicate Trump’s claims and pin all of Trump’s legal woes on the former president, even as a half-dozen Trump associates were convicted of or pleaded guilty to actual federal crimes in cases prosecuted by Trump’s own Department of Justice.


      Over the years, the “twisting ghetto of craziness” has taken various names and forms—from “Spygate,” to the “Nunes memo,” to its current “Obamagate” iteration—but what has remained the same is there has never been a coherent narrative or any proof of an actual abuse of power or crime by the former administration.

      Perhaps unsurprisingly, “Obamagate” didn’t spring forth wholecloth from Trump’s brain but came directly from the conservative media apparatus that contributes to roughly 95 percent of the president’s mental space.

      As CNN’s Brian Stelter documented two days after the “wires tapped” tweet was written, the idea that Obama had sought to spy on Trump and thus create the complicated chain of events that might lead to his removal from office—but hasn’t—originated from right-wing radio host Mark Levin, jumped to Rush Limbaugh, then Breitbart, then into Trump’s Twitter feed, and ultimately into the coverage of most mainstream media outlets.


      As Stelter wrote in 2017:

      Breitbart News has given the conspiracy theory a name: “DeepStateGate.” Others are going with “ObamaGate.” And Fox News host Sean Hannity is asking: “What did OBAMA know and when did he know it???”

      One month after Trump’s tweet, Bloomberg News’ Eli Lake issued a report that would seem to lend credibility to the notion that Obama targeted Trump, reporting that Obama National Security Adviser Susan Rice had requested the “unmasking” of the identities of Trump officials, such as her successor, Michael Flynn, in intelligence reports surrounding Russia’s influence campaign in the 2016 election. (As CNN reported this week, this was “not out of the ordinary.” Rice has since given congressional testimony publicly acknowledging she did this, and she has not been accused of any crime.)


      Now “Obamagate” and “unmasking” are back in the news. The cycle of elevation from the right-wing media ecosystem, to the president’s Twitter feed, to the mainstream press and the legal system, and back again has been running for more than three years. Here are some of the ways that various right-wing commentators and the president have used the “Obamagate” label and its iterations along the way.


      [Reply ]

      Re:
      Posted on: 2020-05-14 12:14:49   By: Anonymous
       
      Same old, same old. Make up another issue to distract. Pay no attention to a tanking economy, more C-19 outbreaks or booting science and the medical expert opinion. Keep moving along, folks, nothing to see here.

      [Reply ]

No Subject
Posted on: 2020-05-14 10:03:07   By: Anonymous
 
Donald Trump offered an important concession during an interview with Fox Business Network Thursday morning —he doesn’t see the unemployment rate dropping below 10 percent before election day.

Via Bloomberg:

President Donald Trump said he doesn’t see the U.S. unemployment dropping below 10% by September, two months before Election Day.

Trump said in an interview with Fox Business that the economy, which has been crippled by fallout from the coronavirus, “will transition” in the third quarter and that the U.S. is “going to be strong again” next year.

Trump has repeatedly predicted that after two rough quarters the fourth quarter of 2020 would see a dramatic positive uptick in major economic metrics. Still, that’s not ideal for any administration facing a tough reelection fight.

[Reply ]

    Re: Trump
    Posted on: 2020-05-14 11:47:37   By: Anonymous
     
    I'm tired of all this winning.

    [Reply ]

      Re: Trump
      Posted on: 2020-05-14 12:17:43   By: Anonymous
       
      Though I am pleased to see the McFall family and Blooms n Things still in Angels Camp. Saddened me seeing their emptied former lot and feared the worst. :)

      [Reply ]

        Re: Trump/\/\ Pleased to see the McFall family...
        Posted on: 2020-05-14 13:59:58   By: Anonymous
         
        Yes. That's nice that they could find a new location. I saw that they had a display outside their store the other day while passing by.

        [Reply ]

No Subject
Posted on: 2020-05-14 15:00:28   By: Anonymous
 
“These are not normal times” said California’s governor Gavin Newsom as he took off his face mask and stepped to the podium. “And this is not a normal budget presentation.”

In January, when Newsom projected a budget based on the moment’s economic forecast, California was looking at record-low unemployment rates, 120 consecutive months of job growth and a projected surplus of $5.6 billion.

Today, the state is staring down a budget deficit of $54.3 billion — a shortfall that will force cuts to programs across the state. To keep the impact away from schools and public safety services, California will need more help from the federal government, Newsom said.

“The enormity of the task at hand can’t just be borne by a state. The federal government has a moral, ethical and economic [duty] to support the states. What’s the point of government, if not to protect people and the wellbeing of citizens? This is the opportunity to make our purpose real”, said Newsom.

Without extra funding, and fast, the state is looking at cancelling billions in program expansions. One likely casualty of a paired-down budget: an expansion to the state’s health care program for undocumented immigrants over 65.

To help close some of the budget gap, the state will draw from $16 m in “rainy-day” funds over three years. It will also attempt to negotiate a 10% pay cut with government workers -- cuts that will also impact Newsom and his staff.

But throughout the presentation, Newsom implored the federal government to take action, calling for support for the sprawling Heroes Act package, which includes $875 billion for cash for state and local governments

“The federal government, we need you. Our cuts can be mitigated with your support. I encourage my Republican friends in the Senate to help support the states, cities, counties, America, and Americans. The Heroes Act is the best approach. Everything is negotiable”, Newsom said.

[Reply ]

No Subject
Posted on: 2020-05-14 15:38:00   By: Anonymous
 
In 2017, Trump was calling Flynn anything but a hero:

“I had to fire General Flynn because he lied to the Vice President and the FBI. He has pled guilty to those lies,” the president tweeted at the time. “It is a shame because his actions during the transition were lawful. There was nothing to hide!”

Indeed, “Trump and his allies are now telling a very different story” about Flynn’s exit more than three years ago, the New York Times reported on Thursday. Prior to Trump taking office, Flynn had back-channel discussions with a Russian official after the Obama administration had announced sanctions against Russia for 2016 election interference, the FBI discovered when reviewing transcripts of intercepted calls, noted the Times. Flynn, who served a few weeks as Trump’s national security adviser, would later plead guilty to lying to the FBI about those discussions, a case that Trump’s Department of Justice now wants dropped. “This case reeks of political influence,” former Brooklyn prosecutor Marshall L. Miller told the Times, suggesting the DOJ is “now trying to rewrite the law to erase the crime.”

[Reply ]


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