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(CNN)   Good News: First-time claims for unemployment benefits have fallen in every report for the past 12 weeks. Bad News: Another 1.5 million Americans filed initial jobless claims last week   (cnn.com) divider line
    More: Obvious, Unemployment, Last week's new jobless claims, unemployment benefits, current pandemic recession, total number of claims, massive number, US labor market, Business cycle  
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365 clicks; posted to Politics » and Business » on 25 Jun 2020 at 9:39 AM (12 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2020-06-25 9:44:20 AM  
Translation: we've slowed down processing the huge backlog of cases.

I've been trying to get these EDD bastards to answer ONE goddam question about ONE number THEY assigned me that I need in order to reopen my claim.

Finally got a response (dated the day after I got it...) that said "go to the website", which is where I got the damn form I sent them in the first place.

Aand now my claim has expired. Fml.

Assholes.
 
2020-06-25 9:45:00 AM  
Trump:  I reduced unemployment!
 
2020-06-25 9:49:48 AM  
Part of the "reopening" was so that they could kick people off unemployment and then they won't be employed long enough to re-qualify when everything shuts down again.
 
2020-06-25 9:51:44 AM  
The economy won't come back until the virus is mostly under control.

History shows us this.
Countries and states that didn't "lock down" are just as bad off economically as ones that did.
 
2020-06-25 9:51:48 AM  

Daddy's Big Pink Man-Squirrel: Translation: we've slowed down processing the huge backlog of cases.

I've been trying to get these EDD bastards to answer ONE goddam question about ONE number THEY assigned me that I need in order to reopen my claim.

Finally got a response (dated the day after I got it...) that said "go to the website", which is where I got the damn form I sent them in the first place.

Aand now my claim has expired. Fml.

Assholes.


That is one nice thing my company did when the furloughed us.  HR filed everyone for unemployment so we would have to deal with it.  All we had to do was wait for the first payment then we could set the payments up to go from the debit card to a savings account.  It saved us a ton of these kinds of headaches.
 
2020-06-25 9:51:50 AM  
Jobless for the... uh... Stonk Throne?

I think we need to go back to Skulls for the Skull Throne or Blood for the Blood Throne.

More transparency.
 
2020-06-25 9:53:00 AM  

Daddy's Big Pink Man-Squirrel: Translation: we've slowed down processing the huge backlog of cases.

I've been trying to get these EDD bastards to answer ONE goddam question about ONE number THEY assigned me that I need in order to reopen my claim.

Finally got a response (dated the day after I got it...) that said "go to the website", which is where I got the damn form I sent them in the first place.

Aand now my claim has expired. Fml.

Assholes.


yup, got an error message on my login and was told to call in.  Well, the line for my state is never available "due to overwhelming claims" so I am stuck in limbo and now I'll probably never get anything out of it.
 
2020-06-25 9:57:29 AM  

Myrdinn: Jobless for the... uh... Stonk Throne?

I think we need to go back to Skulls for the Skull Throne or Blood for the Blood Throne.

More transparency.


Actually the stock markets has gone done a lot in the last couple days just because of this.
 
2020-06-25 10:01:02 AM  

Corvus: The economy won't come back until the virus is mostly under control.

History shows us this.
Countries and states that didn't "lock down" are just as bad off economically as ones that did.


But they had more deaths. So that's a win, right?
 
2020-06-25 10:01:07 AM  
I'm sure someone here is a little more knowledgable and will inform me.
But right now I am very pissed off at my non-functioning and scant brain cells.

WHAT THE FARK IS THE DIFFERENCE BETWEEN "FIRST TIME" AND "INITIAL"?!?!?
 
2020-06-25 10:03:30 AM  

HenrytheEighth: I'm sure someone here is a little more knowledgable and will inform me.
But right now I am very pissed off at my non-functioning and scant brain cells.

WHAT THE FARK IS THE DIFFERENCE BETWEEN "FIRST TIME" AND "INITIAL"?!?!?


Well one is two words and the other is just one.
 
2020-06-25 10:04:28 AM  

KarmicDisaster: Part of the "reopening" was so that they could kick people off unemployment and then they won't be employed long enough to re-qualify when everything shuts down again.


Your point cannot be underscored enough. I wholeheartedly agree. Especially if the unemployment numbers are only counted on those who filed claims, not those who are capable of work, but ineligable for filing a claim. And of course the

I know USA has a number of unemployment metrics, is one of them a employer-sided one? What I mean is, if a company/business lays-off/fires/furloughs/etc. a person, do they then report it to the government, and if so, is that number tallied and presented somewhere.

I now wonder how Canada is going to handle this issue. It's inevitable that there will be people in that situation here. It hasn't occured to me to check if our programme has already considered it. Our past quick adjustments give me hope it won't be a big issue here.
 
2020-06-25 10:05:53 AM  
Love the screengrab they used for the video that plays at the top.  This guy doesn't look too happy.
Fark user imageView Full Size
 
2020-06-25 10:06:17 AM  

HenrytheEighth: I'm sure someone here is a little more knowledgable and will inform me.
But right now I am very pissed off at my non-functioning and scant brain cells.

WHAT THE FARK IS THE DIFFERENCE BETWEEN "FIRST TIME" AND "INITIAL"?!?!?


trump voters think that when you apply for "Initial" unemployment you  simply write your initials on a piece of paper and hand it in
 
2020-06-25 10:06:40 AM  
FTA: Last week's new jobless claims brought the total number of claims filed since the mid-March to 47.3 million.
From the Googles: The US workforce is approximately 158 million people.

About 1/3 of the workforce have lost their jobs.
 
2020-06-25 10:08:13 AM  

Corvus: Myrdinn: Jobless for the... uh... Stonk Throne?

I think we need to go back to Skulls for the Skull Throne or Blood for the Blood Throne.

More transparency.

Actually the stock markets has gone done a lot in the last couple days just because of this.


I meant to return to the normal skinning and fleecing of the general population, with direct results, instead of the secondary processes.
Something something grim overstating something something Morty to Summer.
 
2020-06-25 10:08:33 AM  
This is really, really bad.

Throughout April and into May, the number of new claims were dropping by 15-20% each week. I know some were from being processed after the fact, but it was at least a positive trend.

This is the third week of 1.5 million new claims. This is after most of the economy has opened back up at least partially for several weeks.

And now states are (correctly) considering closing things back up.

This is really, really bad.
 
2020-06-25 10:12:19 AM  

rustypouch: Corvus: The economy won't come back until the virus is mostly under control.

History shows us this.
Countries and states that didn't "lock down" are just as bad off economically as ones that did.

But they had more deaths. So that's a win, right?


Yeah Sweden had 10 times the deaths as its neighbors, so it got that going for it.
 
2020-06-25 10:16:48 AM  

listerine69: This is really, really bad.

Throughout April and into May, the number of new claims were dropping by 15-20% each week. I know some were from being processed after the fact, but it was at least a positive trend.

This is the third week of 1.5 million new claims. This is after most of the economy has opened back up at least partially for several weeks.

And now states are (correctly) considering closing things back up.

This is really, really bad.


I was saying this from the beginning. The problem is not "lock down orders" the problem is the virus out of control.

They played like everyone was going to go back to normal if they just pretended but it's not.

In 1918 BUSINESSES had politicians shut down cities  because they were doing so bad and wanted the virus to be over faster.


The US like always has to learn the lesson first hand that everyone already knows.
 
2020-06-25 10:17:12 AM  

listerine69: This is really, really bad.

Throughout April and into May, the number of new claims were dropping by 15-20% each week. I know some were from being processed after the fact, but it was at least a positive trend.

This is the third week of 1.5 million new claims. This is after most of the economy has opened back up at least partially for several weeks.

And now states are (correctly) considering closing things back up.

This is really, really bad.


Not just the Great Depression, but the GREATEST Depression.
Tired of winning, yet?  I think something like 35% of us all have been for a while.
 
2020-06-25 10:20:25 AM  

outtatowner: KarmicDisaster: Part of the "reopening" was so that they could kick people off unemployment and then they won't be employed long enough to re-qualify when everything shuts down again.

Your point cannot be underscored enough. I wholeheartedly agree. Especially if the unemployment numbers are only counted on those who filed claims, not those who are capable of work, but ineligable for filing a claim. And of course the

I know USA has a number of unemployment metrics, is one of them a employer-sided one? What I mean is, if a company/business lays-off/fires/furloughs/etc. a person, do they then report it to the government, and if so, is that number tallied and presented somewhere.

I now wonder how Canada is going to handle this issue. It's inevitable that there will be people in that situation here. It hasn't occured to me to check if our programme has already considered it. Our past quick adjustments give me hope it won't be a big issue here.


The employer side part is a gray area: Technically, if an unemployed person is offered a job but turns it down, they don't qualify for unemployment anymore. There are some exceptions to this (state by state, as the unemployment system is largely a state run system), but that's the gist. It's typically an honor system though: For the state to know, the employer has to report to the state that they offered a person a job and that the person turned it down. Unless you apply through the state unemployment office (which some do) there is no reason for an employer to know you're on unemployment, nor any way for the state to follow up with the employer.
Lately, with the extra $600/wk in unemployment, there have been stories about employers having trouble getting employees to come back because they'd make less. Those stories are often clouded with the air of "you'll lose all of your unemployment benefits if I report you turned down a job offer!" In some cases that might be true, and in some states that might be true, but in most cases most employers have been understanding and recognize they don't need their full workforce, so they move on to their other former employees until they find someone ready to return. Also, many states temporarily suspended the rules requiring an employee taking a job if it was offered. Again, I'm not saying it never happened, but, it is definitely the exception, not the rule.
 
2020-06-25 10:21:59 AM  
Thanks, China.
 
2020-06-25 10:24:35 AM  
My claim runs out in mid September. I work a job in show business in a publicly owned facility- I'm a audio guy in a facility with three theaters.  I'm a public employee with guaranteed hours at half time, which allows me to work at half time and still claim benefits.
I use the system every year, because sometimes I'll work 80 hours in a week then maybe 12 the next week. It comes in handy.
I'm scared shiatless about what's gonna happen when my claim expires. I've been lucky that I've been able to get 20 hours a week in work plus regular benefits plus the supplement.
I plan on reporting every week NO MATTER WHAT. If they process my restart properly, fine. I hope that they just want a paper trail, and as long as I stay current and report even if I was to over earn for benefits that they won't drop my claim, and force me to the back of the queue.
 
2020-06-25 10:25:58 AM  

Opacity: outtatowner: KarmicDisaster: Part of the "reopening" was so that they could kick people off unemployment and then they won't be employed long enough to re-qualify when everything shuts down again.

Your point cannot be underscored enough. I wholeheartedly agree. Especially if the unemployment numbers are only counted on those who filed claims, not those who are capable of work, but ineligable for filing a claim. And of course the

I know USA has a number of unemployment metrics, is one of them a employer-sided one? What I mean is, if a company/business lays-off/fires/furloughs/etc. a person, do they then report it to the government, and if so, is that number tallied and presented somewhere.

I now wonder how Canada is going to handle this issue. It's inevitable that there will be people in that situation here. It hasn't occured to me to check if our programme has already considered it. Our past quick adjustments give me hope it won't be a big issue here.


Forgot the reporting part: There's two parts to this. What is reported as a job loss is when a person is laid off. If a terminiated employee never files for unemployment, they're never counted as a layoff, and the employeers uninsurance rate never increases. The other part, which is enforced better in some states (NY, VA, FL, CA for example) than others (DE for example) is WARN reporting. The gist is if more than a certain number of people are losing their jobs the employer has to notify the employee in advance, and also the state. Some states do a great job of enforcing it, others not so much.
 
2020-06-25 10:34:29 AM  
Fark user imageView Full Size
 
2020-06-25 10:35:55 AM  

Daddy's Big Pink Man-Squirrel: Translation: we've slowed down processing the huge backlog of cases.

I've been trying to get these EDD bastards to answer ONE goddam question about ONE number THEY assigned me that I need in order to reopen my claim.

Finally got a response (dated the day after I got it...) that said "go to the website", which is where I got the damn form I sent them in the first place.

Aand now my claim has expired. Fml.

Assholes.


Lemme guess.  You live in a red state.  Why are you surprised?
 
2020-06-25 10:38:05 AM  

HenrytheEighth: I'm sure someone here is a little more knowledgable and will inform me.
But right now I am very pissed off at my non-functioning and scant brain cells.

WHAT THE FARK IS THE DIFFERENCE BETWEEN "FIRST TIME" AND "INITIAL"?!?!?


There is none.
 
2020-06-25 10:41:11 AM  

Opacity: FTA: Last week's new jobless claims brought the total number of claims filed since the mid-March to 47.3 million.
From the Googles: The US workforce is approximately 158 million people.

About 1/3 of the workforce have lost their jobs.


But Trump created 2 million jobs last month, the most ever in the history of the world.
 
2020-06-25 10:41:19 AM  

Kangaroo_Ralph: Thanks, China.


Then there's this asshole.
 
2020-06-25 10:47:11 AM  

listerine69: This is really, really bad.

Throughout April and into May, the number of new claims were dropping by 15-20% each week. I know some were from being processed after the fact, but it was at least a positive trend.

This is the third week of 1.5 million new claims. This is after most of the economy has opened back up at least partially for several weeks.

And now states are (correctly) considering closing things back up.

This is really, really bad.


The small business loans/grants were basically an European style paid government furlough, just on a much smaller scale.  That is, the government paid employers to pay employees, even if they didn't have work for them.  Now, some of those loans are expiring, so the people who had jobs not doing anything now don't have jobs, period, and are therefore filing unemployment claims.

This is why one can't compare European and US unemployment rates right now.  Europe paid every employer, small or large, to keep paying employees the employer didn't have work for.  The US just paid select small businesses to do the same thing; the rest went on unemployment (which was increased and also paid by the government).  But by washing the money through the employers, the employees in Europe (and on the fewer people paid via the small business loans in the US) were technically employed, even though they did zero work and were paid by the government.
 
2020-06-25 10:49:27 AM  

BMulligan: Kangaroo_Ralph: Thanks, China.

Then there's this asshole.


China owes the rest of the world, at the very least, a huge, very public, groveling, Japanese-style apology.  Covid is their farking fault.  Now, that doesn't mean Trump et al haven't farked things up further, but without China's incompetence, there'd be nothing for Trump to fark up.
 
2020-06-25 10:59:03 AM  

imaconnect4guy: Love the screengrab they used for the video that plays at the top.  This guy doesn't look too happy.
[Fark user image 792x445]


That's Rick Jagger, Mick's long-lost cousin, the Melatonin-addled investor pro who has a hard time keeping his left eye open.
 
2020-06-25 11:14:42 AM  

listerine69: This is really, really bad.

Throughout April and into May, the number of new claims were dropping by 15-20% each week. I know some were from being processed after the fact, but it was at least a positive trend.

This is the third week of 1.5 million new claims. This is after most of the economy has opened back up at least partially for several weeks.

And now states are (correctly) considering closing things back up.

This is really, really bad.


I remember St Louis Fed saying in March that unemployment could hit 40% by July...we could very well see The Greatest Depression play out.  All the while the government still insists there is gonna be a "v shaped recovery" and people don't need aid money......bold strategy King Cotton, let's see how that plays out
 
2020-06-25 11:21:20 AM  

Jiggatron69: listerine69: This is really, really bad.

Throughout April and into May, the number of new claims were dropping by 15-20% each week. I know some were from being processed after the fact, but it was at least a positive trend.

This is the third week of 1.5 million new claims. This is after most of the economy has opened back up at least partially for several weeks.

And now states are (correctly) considering closing things back up.

This is really, really bad.

I remember St Louis Fed saying in March that unemployment could hit 40% by July...we could very well see The Greatest Depression play out.  All the while the government still insists there is gonna be a "v shaped recovery" and people don't need aid money......bold strategy King Cotton, let's see how that plays out


One good thing tho was continuous jobless claimed dropped 500k.

Durable goods slightly up which is positive.

But one thing not anyone is talking about is the PPP loan. That is masking how bad employment is. Once the time requirement ends, companies will layoff in droves. Look for it on Oct 1. As we head into....round 2.
 
2020-06-25 12:58:47 PM  

Geotpf: BMulligan: Kangaroo_Ralph: Thanks, China.

Then there's this asshole.

China owes the rest of the world, at the very least, a huge, very public, groveling, Japanese-style apology.  Covid is their farking fault.  Now, that doesn't mean Trump et al haven't farked things up further, but without China's incompetence, there'd be nothing for Trump to fark up.


Based on how wildly infectious covid is, the odds that any nation would've likely been able to contain it are slim to none. We now know the level of insane sci-fi dystopia level measures that are necessary to stomp it out without a vaccine... No nation would have done that in time.

Remember, this farking virus was literally around the world by the time doctors in Wuhan realized that the nightmare had begun.
 
2020-06-25 1:23:35 PM  
How in the hell is unemployment still at 13% with 1.5 million people going on unemployment every week?  I mean even if you were coordinated about it, it doesn't add up.

Am I missing something?
 
2020-06-25 1:24:24 PM  

outtatowner: I know USA has a number of unemployment metrics, is one of them a employer-sided one?


Not in any of the official government numbers, no.

There are official numbers that are based on the number of people who request/receive unemployment benefits (the numbers that talk about unemployment claims or applications). Not everyone who is let go is eligible for unemployment benefits, some people who receive unemployment benefits technically still have jobs, and once your benefits run out you don't count in this number even if you still aren't working. Also unemployment benefits are state-by-state and states can have different rules.

There are a bunch of other official numbers based on a survey, which are trying to get at how big is the workforce and what percentage of those people have jobs. Depending on a person's exact situation they could be counted as unemployed by one of these statistics but not by another.

There is another number which is not an official government number, but that people do pay attention to, which is reported by payroll processors like ADT and is based on how many people are on payroll with the companies that they do payroll for. That one is probably closest to what you are asking about.
 
2020-06-25 2:10:53 PM  

MysticKakarrott: How in the hell is unemployment still at 13% with 1.5 million people going on unemployment every week?  I mean even if you were coordinated about it, it doesn't add up.

Am I missing something?


We laid off the folks doing the mathing.  Maths hard.  Maths... like... not speachifying stuffs.

(one number is talking about the folks loosing jobs, a different number is about the people who have applied for unemployment and are being subsidized.)
 
2020-06-25 2:59:03 PM  

MysticKakarrott: How in the hell is unemployment still at 13% with 1.5 million people going on unemployment every week?  I mean even if you were coordinated about it, it doesn't add up.

Am I missing something?


Note that the number of people unemployed is higher than the number of people getting unemployment benefits and the second does not directly factor in to the first.  Also note that some people find jobs and stop getting unemployment benefits.

https://tradingeconomics.com/united-s​t​ates/unemployed-persons

In May, 20,985,000 people were unemployed (less than April).  In April, 23,078,000 people were.  In March, only 7,140,000 were.  In February, only 5,787,000 were.
 
2020-06-25 4:11:13 PM  
I was unemployed for two months...in FL. My claim never got finalized, because the system is farked up.

I was fortunate to get a contract gig for a long term project that already is budgeted in an industry that ain't going away (taxes)....but there are thousands like me who have yet to be actually counted because the systems are farked up.
 
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