Article

2025-04-19 Economy

New Unemployment Claims Drop - Economy resiliant for now

WASHINGTON (AP) — U.S. applications for jobless benefits fell again last week as the labor market continues to hold up despite fears of a tariff-induced recession.

Jobless claim applications fell by 9,000 to 215,000 for the week ending April 12, the Labor Department said Thursday. That’s well below the 225,000 new applications analysts forecast.

Weekly applications for jobless benefits are considered a proxy for layoffs, and have mostly stayed between 200,000 and 250,000 for the past few years.

The four-week average of applications, which can soften some of the week-to-week swings, fell by 2,500 to 220,750.

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Nonetheless, IMO, when the BEA puts out its 2025 Q1 numbers there is a pretty good chance GDP growth will be low or even slightly negative. This is mostly due to the USA coming down off the sugar high of Covid and post Covid federal stimulus spending. Probably any tariff impacts would show in Q2 although there might be a bit of inventory change in some sectors that anticipate tariff impact.

Posted by Lord Garth 2025-04-19 00:00|| E-Mail|| Front Page|| [11158 views ] Top

#1
We are seeing and hearing Want Ads for Hands on Tech's, IT-SEC Geeks and even general skilled labor down here in Eastern Middle GA.

The New Bridgestone Plan has been running Radio want-ads for Workers, offering $35 p/hr.

Posted by NN2N1 2025-04-19 06:38|| 2025-04-19 06:38|| Front Page Top

#2 Homelessness in Colorado is up by 90% since 2020: Report

Posted by Skidmark 2025-04-19 11:21|| 2025-04-19 11:21|| Front Page Top

#3 “This report makes clear that homelessness is growing fastest in cities most reliant on housing-first strategies,” said Dustin Zvonek, CSI’s research fellow on homelessness and a former Aurora City Council member. “We need to step back and look at the broader data — ask what’s working, what’s not, and focus on implementing policies that deliver measurable, sustained improvements.

Well, you get more of what you subsidize

Posted by DarthVader 2025-04-19 12:18|| 2025-04-19 12:18|| Front Page Top

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