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U.S. jobless claims total 359,000 in latest week ^ | March 29, 2012 | Jeffry Bartash

Posted on 03/29/2012 6:08:04 AM PDT by John W

WASHINGTON (MarketWatch) - The number of Americans who filed requests for jobless benefits fell by 5,000 last week to a seasonally adjusted 359,000, the U.S. Labor Department said Thursday.

The latest data includes the government's annual seasonal-adjustment revisions extending back five years, which have resulted in a small increase in weekly claims.

The number of new applications for benefits last week, for example, was originally reported at 348,000. The revisions now put last week's level of claims at 364,000, a 4.6% increase.

(Excerpt) Read more at ...

TOPICS: Breaking News; Business/Economy; News/Current Events
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To: John W


Remember how many aren’t counted/

21 posted on 03/29/2012 7:02:30 AM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: nhwingut

Look, folks, there is no recovery!!! There never was one!!! Sorry to say......most Americans just don’t get it. The Obama mantra, the Obama end game, the chief Obama objective is the destruction and teardown of the American economy and then...the American nation itself. If you guys & gals have not figured that out already, you are truly asleep at the wheel!!!!

22 posted on 03/29/2012 7:19:08 AM PDT by JLAGRAYFOX (My only objective is defeat and destroy POTUS Obama & his Democrat Party, politically!!!)
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To: John W

These figures from the Obama regime are a crock. I don’t see why everyone makes such a big deal out of them. They are fiction.

23 posted on 03/29/2012 7:19:59 AM PDT by FlingWingFlyer (It's time to WEAN the government off of our money.)
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To: John W put last week's level of claims at 364,000, a 4.6% increase.

And the Main Stream Media chanted in unison:


24 posted on 03/29/2012 7:25:19 AM PDT by Upstate NY Guy
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To: John W

The DJIA is down 75 as I post.

25 posted on 03/29/2012 7:48:03 AM PDT by blam
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To: blam
I've had several Brokers tell me the main reason the Market has been up is because the dollar is weak.

Any validity to that particular theory? (Seems logical to me)

26 posted on 03/29/2012 7:51:02 AM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: nhwingut
"They revised last week’s way up. To show a drop this week. And the RINO Repubs are chirp chirp... "

It'd be stirring-up racial tensions to point out that Obama has a failed presidency.

27 posted on 03/29/2012 7:55:01 AM PDT by blam
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To: John W; All

Bernanke said YESTERDAY that the official unemployment numbers ‘Are not in sync’ with reality.

28 posted on 03/29/2012 8:05:29 AM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: RavenATB
I claim no expertise in stats - but I have a lot of experience in bureaucracies, and I can suggest an explanation.

The government derives these stats from the states - the states take unemployment claims, not the federal government. The office procedures in the numerous offices in the several states can vary enormously. Most likely, many are still taking paper claims at "satellite offices" which get funneled to a main office. So there can be a delay in the claim making it's way to a center where it can be tallied and reported to the Feds in time.

Additionally, the dating of unemployment claims can be tricky. If someone starts to file an application, but lacks some necessary proof - then gets it and comes back the following week - I suspect in many states the claim is dated, for processing purposes, as having been made when the claimant first started the application. So if I start a claim on March 19, but don't supply the proof until March 27, many states will treat the claim as having been filed on the 19th. But, obviously, on the morning of the 26th they weren't sure the claim would be completed and filed, so it wasn't counted. When the evidence comes in on 27th, it gets submitted but counted as a claim filed on March 19. So there is a legitimate reason why there would be upward adjustments - and there aren't downward adjustments because once the claim is filed, it's filed. It is counted as filed even if it is subsequently withdrawn.

However, when we are talking "seasonally adjusted" figures, the adjustments should have long since taken into account these factors. And I have the utmost difficulty believing these situations would constitute 4.6% of the total claims volume. But, there are legitimate reasons why figures could consistently be revised upward (a little). That the pattern is so consistent, and the statisticians haven't bothered to account for it in their adjustments, is ridiculous. If the initial report contained a reasonable adjustment to account for slow arriving or earlier claims dating, THEN I would expect sometimes the adjustment would be a little up, sometimes a little down.

Hope this helps ...

29 posted on 03/29/2012 8:16:41 AM PDT by In Maryland (Liberal logic - the ultimate oxymoron!)
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To: John W
Last week revised up? Shock!

This week, too, will be revised up.

30 posted on 03/29/2012 8:23:33 AM PDT by newzjunkey (Newt says, "A nominee that depresses turnout won't beat Barack Obama.")
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To: Red Badger

So true... “special sauce” by the gallon.

31 posted on 03/29/2012 8:24:09 AM PDT by ScottinVA (A single drop of American blood for muslims is one drop too many!)
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To: John W; All
"U.S. jobless claims total 359,000 in latest week"

32 posted on 03/29/2012 8:42:24 AM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: tobyhill
It’s UP by 11,000, not down.

Exactly! It's utter BS. If I tell you I have 10 apples, find out the next day that I actually had 12 and you gave me 3 more apples, I would then have 15 total, a gain of 3. I did not gain 5 apples from my erroneous original count of 10.

33 posted on 03/29/2012 8:49:31 AM PDT by Right Brother
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To: John W

MARCH 1 Jobless claims as originally reported: 351,000

Now watch the revided adjustments week to week.

March 8
362,000. The prior week’s reading of 351,000 claims was revised to 354,000

march 15
351,000, previous week’s revised figure of 365,000 (from 362,000).

March 22:
348,000, prior week were revised up to 353,000 from an original reading of 351,000.

.....Week 1 I weight 300 lbs
......Week 2 I weight 302 lbs but I revise week 1 to 310 lbs
......Weeks 3 i weigh 304 lbs but revise week 2 to 307

Lets see, March 1 was orginally 351,000 and was revised to 354,000, BUT 359,000 is the lowest since April 2008????

34 posted on 03/29/2012 9:09:31 AM PDT by Bulwinkle (Alec, a.k.a. Daffy Duck)
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To: John W

They revise the previous week UP every week. You can bet that this weeks 359,000 will be revised UP next week and any number of new claims reported under the Revised UP number will be labled a DROP in claims even if it is above this weeks 359,000. This kind of statistical BS along with the “Cooked” unemployment rate numbers will continue through the election. It is referred to as trying to “put Lipstick on a PIG” and they will be doing this at every opportunity for the next 7 months. We’ll see if the public buys it.

35 posted on 03/29/2012 10:29:21 AM PDT by Old Retired Army Guy
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To: LibLieSlayer

Sometimes they call them on it, but it doesn’t get reported.

36 posted on 03/29/2012 10:41:24 AM PDT by ichabod1 (Cheney/Rumsfeld 2012)
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To: nhwingut

Well they are not including companies which are decreasing the hours of workers either.

I’m familiar with a compnay who for the last two months decreased their full-time workers to the very least possible...the part-time workers were decreased from 25 hours to just 10 to 12 hours a week....and this was throughout the company.

37 posted on 03/29/2012 10:54:04 AM PDT by caww
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To: Upstate NY Guy

And here I am in the office, unable to drink!

38 posted on 03/29/2012 12:03:28 PM PDT by Cletus.D.Yokel (Catastrophic Anthropogenic Climate Alterations - The acronym explains the science.)
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To: John W

So what I still want to know is whether these moonbats ever tell the folks who lost jobs if they really lost their job or if they were just “seasonally adjusted”? When one loses a job does one feel better to find out he was only “seasonally adjusted”? I throw the BS flag on anything except the raw numbers simply because everything else is manipulated AAAAnnnndddd even the raw numbers are suspect with Obamuzzie pulling the levers

39 posted on 03/29/2012 12:40:24 PM PDT by cherokee1 (skip the names---just kick the buttz)
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To: ichabod1

If they reacted with passion like pelosi and reid do... they would have to report it... bang the desks and get in their faces about it!


40 posted on 03/29/2012 1:28:22 PM PDT by LibLieSlayer (WOLVERINES!)
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