Inconceivably unexpected !!!DRINK !
Surprise!...Surprise!!...Surprise!!!...
Posted on 01/12/2012 6:05:35 AM PST by nhwingut
WASHINGTON — The number of Americans filing initial claims for regular state unemployment benefits rose by 24,000 to a seasonally-adjusted 399,000, the Labor Department said Thursday.
Economists surveyed by Dow Jones Newswires expected claims to rise by 8,000 to 380,000 in the week ended Jan. 7. Claims from the prior week were revised up to 375,000 from 372,000.
The average of new claims over the past four weeks increased by 7,750 to 381,750.
(Excerpt) Read more at nation.foxnews.com ...
“...the odds of needing to be adjusted upward every week of the year is 0.0000000000000222%.”
Which coincidently is equal to brain activity in leading economists.
Obama was in Chicago last night saying he’s just getting started. Needs 4 more years. Why should he stop at 4? He’s doing such a good job soon we’ll all be setting our 4 year old kids on the curb because we can’t afford to feed them like they’re doing in Greece.
Illinois has worse credit rating in the nation. Chicago Way is why. Barack is the child the the Chicago Way raised and trained after he was dropped off by God knows who on America’s curb.
They don’t want to cross the 400,000 barrier. Sounds worse than 399,000. It is just a marketing technique. Instead of something costing $10, it is $9.99.
Anyone see the significance in this 399,000 number? Odumbo’s boys in Labor made it so. I guarantee it is higher, but Gov, cooked the books to stay away from the negative physiological number of 400,000. Of course next week it will be revised to 403k, but that won't hit the news.
Oops, should have been “psychological”
“Whoops” goes the weasel!
Inconceivably unexpected !!!DRINK !
Surprise!...Surprise!!...Surprise!!!...
Reading between the lines of this report, it seems that inflation is contributing factor and to guage the true measure of economic output, one has to adjust inflation out. I don’t see where they did that in this report.
If ‘sales’, as determined by an absolute dollar amount, are up one percent, but inflation is up two percent, then sales haven’t risen. They’ve fallen one percent.
It’s like saying ‘there were 200,000 jobs created last month’. But the working age population increased 300,000 and thus the labor participation rate (which is the ultimate true employment measure IMHO) fell. They are cherry-picking the numbers at best, and outright fabricating them at worst, all to enhance the image of the Wun.
I used to work with closely watched descriptive statistics of a specific measure of societal function. I could make any number of manipulations to demonstrate any point I wanted to, so long as the recipient of the statistic was passive, had no access to the raw data, and had no clue or concern for the context.
We are being played.
“They trumpeted the lower jobless rate last month as if they had completely forgotten Christmas occurred”
That happens when you’re muslim.
I already have the memo...Winstom Smith.
Continuing claims also rose above expectations, rising to 3.62M from a revised 3.60M (the expectation was an unchanged figure (pre-revision), of 3.59M). Even worse 48,000 more people are dropping off the rolls (past 99 weeks) and are "disappearing" from the labor force completely. The Labor Force Participation rate at the end of January will most likely fall again to another 30+ year low.
Holidays are over. Unemployment goes up. Who would have thunk it?.........................obviously not the government drones....................
you would think then, that the unemployment figures for January should be back to 9%...right?
they also lead with the 24,000 number to draw attention away from the real number, 399,000 newly unemployed people in the first week of January.
“Seasonally adjusted” means Obama’s Special Butt-Sauce.
The unemployment statistics have become meaningless. If the Republican candidates had an ounce of savvy between them they would hammer on the LFPR and ignore the unemployment rate.
Obummer recovery: HOPE for a better result, and CHANGE for the worse.
Thank you. It is expertise analysis like yours that causes me to consider FR the finest source of news and analysis on the internet.
...so let’s cut through the bullsh*t...how many people are UNEMPLOYED in this country? Right now. Claims are only part of the story, and we all know it. What about the people that have given up looking? How do we count them? How many are there?
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