Posted on 05/10/2012 6:30:42 AM PDT by SeekAndFind
My understanding is that the numbers have been “revised” every single week for the last year and they were revised UPWARD in 53 out of 54 weeks.
Of course, that info is always buried somewhere in the third or fourth paragraph after the headline touts that the number dropped from the previous week.
It’s all smoke and mirrors and the RINO in DC won’t address it - they should be running ads and giving interviews every single week with charts showing how the numbers are manipulated.
Jobless claims fall this week, until the BLS can figure out how much they have to be revised upwards later so that when jobless claims are next announced they will fall as well (until they have to be revised upward enough so that the next set of jobless claims will indicate a fall . . .)
Rinse and repeat as needed.
You deserve a ping for your post. Look at what you buy, see where it is made and you will understand why employment is not coming back. Both parties are to blame. We have to wait for matters to get worse before there is another Ross Perot who hears the job sucking sound produced by government to government unbalanced trade deals.
I read an article on Freep yesterday stating that they re-re-adjusted 2012 Q1 economic growth down from 2.2% to 1.9%. Apparently 0.3% of the “growth” was inventory growth. What a crock!
Latest Reuters first paragraph about the DJIA being up 50:
Global stocks rose for the first time in seven sessions on Thursday after relatively encouraging U.S. jobs data and as investor sentiment improved regarding Europe’s festering debt crisis.
Where your job went;
It’s less than insignificant in that next week the drop will be revised up to an increase. Somehow, somewhere, Franz Kafka is laughing.
Obama has added 5.4 mil. People to SSDI. These people don’t get counted in the unemployment stats.
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