Layoff Rate News Today

The payrolls data still looks fine, but under the hood are signs of deterioration for the growing number of people who are unemployed or keen to switch jobs.

Not full timers. bad news. >> gretchen: is there a silver lining at all in the fact that the weekly numbers have been going down, yesterday it was 123,000? >> thats a positive, no question. 323,000 new jobless claims a week is a pretty good number. thats down trend, consistent down trend that. is, may be, something of a silver lining. but that refers to the layoff rate. thats the number of people who are losing their jobs and claiming benefits. the other side of the coin is what new jobs are bei...

Zone for some reason. ecuador is deciding whether to grant him asylum. bill: americans getting in the unemployment line dropping slightly. however, this comes after the u.s. government lowered it estimate of gdp growth down to 1.8% showing that our economy may still have a long way to go. stuart varney with me now comes on the air at 9:15. lets get it in quickly. what does it tell us? >> reporter: this latest number tells us the layoff rate is far too high for this stage of the recovery. income ...

Business network. first the news today, what do you see happening here? >> each of the last three years we hope the recovery, the recovery will finally start and have real steam to it. in each the last three years the hopes have been dashed and same again now. 385,000 people applying for first-time jobless benefits is far too high. that is huge jump from the past couple weeks, bill. bill: three weeks in a row the numbers have bonn up. weve seen this pattern at the begin of each year for three ye...

Improving just a little bit. so there is, i mean, it sounds -- we tend to have really focus on the gloom and doom, but there are some glimmers of hope and positive news in the labor force today. >> you know, thats interesting, because i havent seen that quit rate versus layoff rate get any attention, so im glad you brought it up here. give us the bad news now. obviously, there are still tough times for a lot. >> yeah, well the bad news is that the 8.6% unemployment rate. that is just historicall...

>> were bumbling along. were bumbling along, same ol same ol. were repeating same pattern. economy looks okay in the middle. year and tails off toward the end of the year. were 3 1/2 years after the end of a recession and we still have 361,000 people filing first time jobless claims. that means the layoff rate remains very high and the labor department says this one has nothing to do with hurricane sandy. they go on to say that retail this holiday period are not as strong as expected. same ol, s...