Friday, September 10, 2010

Anti-Moratorium Hoax Update: LWC reports new unemployment claims were down again last week

The Louisiana Workforce Commission reported today (Friday, September 10) that new unemployment claims in the state fell again last week (click the headline of this post to read the full announcement).

Here are the first paragraphs from the LWC announcement today:
Initial claims for unemployment insurance (UI) for the week ending September 4, 2010, decreased to 4,083 from the previous week’s total of 4,120. Initial claims were below the comparable week ending September 5, 2009, figure of 5,302.

The four-week moving average of initial claims decreased to 4,085 from the previous week’s average of 4,140.

Continued unemployment insurance weeks claimed for the week ending September 4, 2010, decreased to 54,265 from the previous week’s total of 54,754. Continued weeks claimed were below the comparable week ending September 5, 2009, figure of 61,400.

The four-week moving average of continued weeks claimed decreased to 55,427 from the previous week’s average of 56,134.
So, the predictions of economic ruin made by the anti-moratorium forces have once again failed to materialize. Had their predictions been accurate, new unemployment claims in Louisiana would be rising, not falling.

Instead, the new claims continue to fall and the total number of Louisiana residents collecting unemployment at this point this year continues to be lower than this time last year.

Wow! How can such smart people be so drastically wrong — unless, their intent was to mislead?

2 comments:

2100 said...

Bobby Jindal is not up for re election for two more years.

Why aren't telling the few reader you have about the great stuff that Charlie Melancon has done for Louisiana.

Mike Stagg said...

Well, 2100, for starters, Jindal is up for election next year (2011). Second, he's the governor of a state that he does not particularly care about, save whatever it can do to advance his national political ambitions. This is, as far as I can tell, the first time we've ever had a governor like this. I think it's destructive to the state. I work for a living, so can't spend all my time writing about things that interest me. In terms of priorities, Jindal is, in my estimation, the primary threat to Louisiana; thus, the focus on him.

Thanks for reading and writing.

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