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Weekly Jobless Claims Fall Slightly
Reuters via FOX Business ^ | May 24, 2012 | Reuters

Posted on 05/24/2012 6:42:07 AM PDT by John W

New U.S. claims for unemployment benefits fell slightly last week, government data on Thursday showed, suggesting the labor market continues to expand at a moderate pace.

Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 370,000, the Labor Department said. The prior week's figure was revised up to 372,000 from the previously reported 370,000.

Economists polled by Reuters had forecast claims unchanged last week.

Claims have barely budged in the past four weeks indicating a marginal improvement in the pace of job creation after April's disappointing 115,000 gain in nonfarm payrolls.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: fakebutaccurate; jobless; medialies; obamanomics; recovery; unemployment; unexpected
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Keep standing on your head for him folks.
1 posted on 05/24/2012 6:42:13 AM PDT by John W
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To: John W

Isn’t this the second week that claims fall because the previous week’s number was revised upward?


3 posted on 05/24/2012 6:48:34 AM PDT by Erik Latranyi (When religions have to beg the gov't for a waiver, we are already under socialism.)
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To: John W

They don’t even bother to report the unemployment RATE anymore.


4 posted on 05/24/2012 6:50:10 AM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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To: Erik Latranyi
Isn’t this the second week that claims fall because the previous week’s number was revised upward?

It's a game of shells... EVERY week, they revise the previous week upwards, so it looks like there's a decrease. So... Last week was reported as 370,000... Revised upward to 372,000... So, today's 370,000 looks like a dip... Fuzzy math

If they wanted to be fair about it, they'd always incorporate the revision together with the new change. In this case... DOWN 2,000 from the REVISED figure from last week, and UP 2,000 due to the revision...

Flat. Period. No change. The rest is bull.

5 posted on 05/24/2012 6:52:51 AM PDT by NE Cons (Huge Palin Fan. Was a Hard-Core Perry supporter. Now Hard-Core ABO)
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To: John W

Nothing to get excited about -

As usual they will adjust this week’s numbers upward next week.


6 posted on 05/24/2012 6:54:57 AM PDT by Iron Munro (If you want total security go to prison. The only thing lacking is freedom. D. D. Eisenhower)
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Comment #7 Removed by Moderator

Comment #8 Removed by Moderator

To: onemiddleamerican

Just shows how desperate the MSM is to prop up their dear leader.


9 posted on 05/24/2012 7:04:05 AM PDT by Rennes Templar (No matter how cynical you get, it's never enough to keep up.)
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To: Erik Latranyi

Second in a row, for sure. Like a print version of TV news anchors, they just print whatever is put in front of them.


10 posted on 05/24/2012 7:09:59 AM PDT by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: treetopsandroofs

Interesting....I wouldn’t have noticed that, had you not pointed it out.


11 posted on 05/24/2012 7:09:59 AM PDT by Psycho_Bunny (Burning the Quran is a waste of perfectly good fire.)
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To: John W

At this point I’m beyond believing anything that eminates from this administration. I believe nothing they say period. The good part of that is that it saves me the time to parse the GOP’s crap.


12 posted on 05/24/2012 7:12:19 AM PDT by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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To: All; John W
Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 370,000, the Labor Department said. The prior week's figure was revised up to 372,000 from the previously reported 370,000.

Let's review here... initial claims had been 368,000 three weeks ago.

In last week's report it was adjusted up to 370,000 then last week was initially reported at 370,000 so the media said "unchanged" even though comparing initial-to-initial it had risen 2,000.

Now that last week has been adjusted up, by 2,000, where it was already 2,000 over the prior week's initial claim, they're saying the numbers are down by again comparing the initial again to the adjusted for the prior week.

We've gone from 368,000 to 372,000 and it's written in such a way as to hide the bad news.

This slight-of-hand reporting is crafted to create an illusion of stability or even improvement.

An honest mind boggles at the open duplicity.

13 posted on 05/24/2012 7:12:47 AM PDT by newzjunkey (I advocate separation of school and sport)
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To: treetopsandroofs
They only report the unemployment rate monthly, usually on a Friday.

The "New Unemployment Claims" is reported every Thursday.

Both numbers are complete fabrications, calculated and reported to do the least political damage to Democrats and the most harm to Republicans.

14 posted on 05/24/2012 7:13:26 AM PDT by eCSMaster (Conservative patriots, Rise up!)
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To: treetopsandroofs; Psycho_Bunny

I think the actual unemployment rate is reported only on a monthly basis rather than weekly.


15 posted on 05/24/2012 7:13:38 AM PDT by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: newzjunkey

Absolutely excellent dissection.


16 posted on 05/24/2012 7:17:05 AM PDT by John W (Viva Cristo Rey!)
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To: Erik Latranyi
Isn’t this the second week that claims fall because the previous week’s number was revised upward?

This is a regular event going back months and months.

17 posted on 05/24/2012 7:19:24 AM PDT by Roccus
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To: Erik Latranyi
Isn’t this the second week that claims fall because the previous week’s number was revised upward?

Close. They claimed last week was "unchanged" because last week's initial was the same as the prior week's revision upward.

3 wks ago: 368,000 (initial), 370,000 (revised)
2 wks ago: 370,000 (initial), 372,000 (revised)
1 wk  ago: 370,000 (initial).

Their spin? It got better, economists surveyed were wrong about it being unchanged when the initial this week was unchanged vs initial last week.

18 posted on 05/24/2012 7:21:16 AM PDT by newzjunkey (I advocate separation of school and sport)
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To: jiggyboy
I think the actual unemployment rate is reported only on a monthly basis rather than weekly.

The actual unemployment rate is NEVER reported. The government crafted unemployment rate is released with the previous month's numbers, usually on the first friday after month's end.

19 posted on 05/24/2012 7:25:40 AM PDT by Roccus
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To: Psycho_Bunny

“Initial claims” and “unemployment rate” are apples and oranges.


20 posted on 05/24/2012 7:26:53 AM PDT by 1rudeboy
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