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INITIAL JOBLESS CLAIMS JUMP TO 383K
http://www.businessinsider.com/initial-jobless-claims-may-31-2012-5 ^

Posted on 05/31/2012 5:35:26 AM PDT by sunmars

Developing.

Analysts expect to see 370K weekly claims. That would exactly be in line with last week's 370K.

The number is one of the best high-frequency predictors of the economy and the market, so this is big. If this stays tame, it will do a lot to assure that things aren't deteriorating too badly.

UPDATE: The number is 383K, a miss from an upwardly revised.

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


TOPICS: Breaking News; Business/Economy; Government
KEYWORDS: jobless; obama; obamadepression; obamanomics; recovery; revised; sourcetitlenoturl; unemployment; unexpected
Unexpected again.....
1 posted on 05/31/2012 5:35:32 AM PDT by sunmars
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To: sunmars

also.

1Q GDP revised down to 1.9%, revised down from 2.2%.


2 posted on 05/31/2012 5:36:53 AM PDT by sunmars
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Comment #3 Removed by Moderator

To: sunmars

Unexpected!!!


4 posted on 05/31/2012 5:38:25 AM PDT by Freestate316
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To: sunmars

"Unexpected!"


5 posted on 05/31/2012 5:38:51 AM PDT by COBOL2Java (FUMR)
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To: sunmars

UNEXPECTED!!!


6 posted on 05/31/2012 5:40:19 AM PDT by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: sunmars

US Q1 corporate profits decline largest since Q4 2008 (-26.5 PCT) according to Reuters.

Killer Statistic.


7 posted on 05/31/2012 5:42:13 AM PDT by sunmars
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To: sunmars

... and THAT is “unexpected!”


8 posted on 05/31/2012 5:44:09 AM PDT by Ken522
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To: sunmars

This makes no sense. No matter how much the Democrats punish businesses for failing to do their share, employers refuse to step up and create the jobs that Obama voters demand. Perhaps a liberal think tank should look into why that happens.


9 posted on 05/31/2012 5:46:17 AM PDT by Pollster1 (A boy becomes a man when a man is needed - John Steinbeck)
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To: bluecat6

Full credit to bluecat6:

March 15: Reported - 351,000, Revised - 353,000

March 22: Reported - 348,000, Revised - 364,000 Reported - down, Actual - up

March 29: Reported - 359,000, Revised - 363,000 Reported - down, Actual - up

April 05: Reported - 357,000, Revised - 367,000 Reported - down, Actual - up

April 12: Reported - 380,000, Revised - 388,000 Reported - up, Actual - up

April 19: Reported - 386,000, Revised - 389,000 Reported - down, Actual - up

April 26: Reported - 388,000, Revised - 392,000 Reported - down, Actual - up

May 03: Reported - 365,000, Revised - 368,000 Reported - down, Actual - down

May 10: Reported - 367,000, Revised - 370,000 Reported - down, Actual - up

May 17: Reported - 370,000, Revised - 372,000 Reported - no change, Actual - up

May 24: Reported - 370,000, Revised - 373,000 Reported - down, Actual - up

May 31: Reported - 383,000, Revised - TBD


10 posted on 05/31/2012 5:49:48 AM PDT by icwhatudo (This is not a choice between Romney&Reagan-Its between Romney & most radical leftist Pres in history)
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To: sunmars

“The spike in claims was unexpected.”

http://www.marketwatch.com/story/us-weekly-jobless-claims-jump-to-383000-2012-05-31?dist=beforebell


11 posted on 05/31/2012 5:52:48 AM PDT by rawhide
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To: sunmars

-—, a sign that progress in reducing joblessness may be stalling-—

It’s hard to read the sign if it’s stapled to your forehead.


12 posted on 05/31/2012 5:53:18 AM PDT by St_Thomas_Aquinas (Viva Christo Rey!)
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To: icwhatudo

Job cuts jumped by 53% in May vs. April — most since Sept. and 67% more than in May 2011

http://www.cnbc.com/id/47626277


13 posted on 05/31/2012 5:53:18 AM PDT by sunmars
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To: sunmars

Unexpectedly unexpected!


14 posted on 05/31/2012 5:55:56 AM PDT by exit82 (Democrats are the enemies of freedom. Be Andrew Breitbart.)
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To: sunmars

They used to miss it by a 1,000 or 2,000 and revise upward.

Now, they are missing by 10,000 or more and revising upward.

==

How can this be? Obama created more jobs in 3.5 years than Bush did in 8 years. Surely, those experts are misreading the numbers. [/s]


15 posted on 05/31/2012 6:01:19 AM PDT by TomGuy
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To: icwhatudo

If the GOP cannot capitalize on those figures for the election, they deserve to lose.


16 posted on 05/31/2012 6:02:50 AM PDT by TomGuy
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To: sunmars

I’m sorry, did they “jump” or were they “expected to jump”, at the time the story was posted?


17 posted on 05/31/2012 6:03:13 AM PDT by the invisib1e hand (they have no god but caesar)
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To: sunmars

I bet the liberal mainstream media (CBS, CNN , NY times ,etc) doesn’t report this ( maybe on page 30 of the paper).


18 posted on 05/31/2012 6:07:46 AM PDT by Democrat_media (China is destroying all our jobs and manufacturing ability. China makes everything.)
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To: icwhatudo

You beat me to my Thursday morning ritual!

I am just glad people are seeing the correct big picture and love the fact you posted this already.

I am not glad about the situation for any of us!

This is bad news for all Americans - regardless of race, regardless of background. The lowering tide is lowering all boats and the worst is obviously yet to come.


19 posted on 05/31/2012 6:07:53 AM PDT by bluecat6 ( "A non-denial denial. They doubt our heritage, but they don't say the story is not accurate.")
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To: rawhide
With “continuing claims” dropping by 36K, I wonder if this is because people have run out the clock on their UE benefits and/or states no longer eligible for federal UE assistance. Also, will this drop in continuing claims increase the “non-participation” in tomorrow's numbers?
20 posted on 05/31/2012 6:08:39 AM PDT by Roccus
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To: sunmars
Doesn't matter. The Unemployment rate will drop to 8.0, bet on it. The creeps in the Bozo administration will keep lowering the unemployment rate right up until election time, doesn't matter what the real numbers are, they want their numbers showing about 7.6 % by November.

Strange though, how no one is actually going back to work/SAR

21 posted on 05/31/2012 6:08:39 AM PDT by calex59
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To: the invisib1e hand

They didn’t “jump” at all, according to USA Today. They are reporting “Weekly Unemployment Claims Rise Modestly.”

http://www.usatoday.com/money/economy/story/2012-05-31/1q-gdp-weekly-unemployment-benefits-claims/55301940/1

So laughable.


22 posted on 05/31/2012 6:12:49 AM PDT by Carlucci
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To: sunmars

Surprise!

23 posted on 05/31/2012 6:12:49 AM PDT by P.O.E. (Pray for America)
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To: sunmars

Oh, let me guess (without reading the article)... they jacked last week’s numbers up to 410K and are crowing about a “drastic drop” of 27K first-time claims, spicing the numbers with the requisite trumpeting of the “rapidly accelerating economic recovery.”

And they’re now claiming any number below 500K equates to “job growth,” right?


24 posted on 05/31/2012 6:14:25 AM PDT by ScottinVA (Buying Drain-O requires photo I.D... yet voting doesn't???)
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To: Pollster1
No matter how much the Democrats punish businesses for failing to do their share, employers refuse to step up and create the jobs that Obama voters demand.

And that's just so...

(Get ready for it...)

UNFAIR!!!


25 posted on 05/31/2012 6:16:50 AM PDT by ScottinVA (Buying Drain-O requires photo I.D... yet voting doesn't???)
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To: icwhatudo; bluecat6

Thanks for posting that list- very helpful.


26 posted on 05/31/2012 6:17:25 AM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: Democrat_media
Interesting video by FoxNews in this thread:

‘Fox and Friends’ airs 4-minute anti-Obama video that looks like a political attack ad
27 posted on 05/31/2012 6:19:51 AM PDT by TomGuy
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To: sunmars

Which actually means it is probably closer to or over 400K and they will uietly revise it upward sometime in the next couple of weeks.

Unemeployment is actually closer to 15% IMHO if they used the true number of people unemployed insted of simply cutting and not counting people who give up looking...and how do they know that anyway? I meran exactly...who’s talking to friends and neighbors, whoe reading newspapers or watching online...it’s all a shell game and this admin has been the worst for shamelessly fudging the numbers to make themselves look as good as popssible.


28 posted on 05/31/2012 6:21:20 AM PDT by Jeff Head (Freedom is not free, never has been, never will be (www.dragonsfuryseries.com))
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To: sunmars

You know the editors at the New York Times have to be the busiest workers in America, they have to constantly be on the look out and correct (remove from) the stories when the reporter uses the standard New York Times phrase ‘women and children hurt’ for stories such as this one about the economy under Obama!


29 posted on 05/31/2012 6:22:23 AM PDT by Lockbox
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To: St_Thomas_Aquinas

I am waiting for the news reports to say that jobless claims below 400,000 mean that hiring boom is around the corner.


30 posted on 05/31/2012 6:25:46 AM PDT by Perdogg
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To: Lockbox

“You know the editors at the New York Times have to be the busiest workers in America,”

Snopes keps real busy, too.

They put out 327 articles TODAY to protect Hussein.


31 posted on 05/31/2012 6:31:50 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: Roccus
.. will this drop in continuing claims increase the “non-participation” in tomorrow's numbers?

No. The number of unemployed, employed, non-participants published by the BLS are not based upon the number collecting unemployment but on a survey of 60,000 households.

The jimmying of the number of non-participants comes from the formula used to apply the number of non-participants in the survey to the entire civilian labor force.
32 posted on 05/31/2012 6:33:09 AM PDT by khelus
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To: sunmars
JOBLESS CLAIMS JUMP TO 383K

We all know this is BULLISH for the economy, as unemployment is economic stimulus. All those employment checks being spent will surely be a HUGE BOOST.

33 posted on 05/31/2012 6:38:18 AM PDT by C210N ("ask not what the candidate can do for you, ask what you can do for the candidate" (Breitbart, 2012))
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To: khelus

TY


34 posted on 05/31/2012 6:39:59 AM PDT by Roccus
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To: icwhatudo
Test for all Economists: 1) Given the graph above of ACTUAL numbers, what would your EXPECTATION be for the next data point: A) UP B) DOWN
35 posted on 05/31/2012 6:40:08 AM PDT by E-2K
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To: sunmars

Awwwwwwww!


36 posted on 05/31/2012 6:43:25 AM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: Pollster1
This makes no sense. No matter how much the Democrats punish businesses for failing to do their share, employers refuse to step up and create the jobs that Obama voters demand.

Democrats' notion of fostering a healthy business climate consists of the old saw "Whippings will continue until morale improves".

37 posted on 05/31/2012 6:47:24 AM PDT by Paine in the Neck (Socialism consumes everything)
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To: sunmars

A couple interesting paragraphs from the Marketwatch.com version of the story:

“The number of people who applied for unemployment benefits last week rose to the highest level in more than a month, the government reported Thursday, in another sign the U.S. labor market is not improving as fast as it was earlier in the year.”

Riiiight. It WAS improving oh so fast.

“The spike in claims was unexpected. Economists surveyed by MarketWatch had projected that new applications for jobless benefits would total 370,000.”

Hell, who didn’t know bad economic news under Obama would be unexpected?


38 posted on 05/31/2012 6:50:40 AM PDT by John W (Viva Cristo Rey!)
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To: sunmars
Initial jobless claims jump to 383k...

And the unemployment rate will be reported as dropping to 7.9% when the monthly numbers are released.

Amazing how Obama Math works.

All hail Obama.

not.

39 posted on 05/31/2012 6:51:01 AM PDT by onemiddleamerican (FUBO and all your terrorist buddies)
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To: COBOL2Java

I’ve got to stop this game.......


40 posted on 05/31/2012 6:54:29 AM PDT by mykroar (October race riots bring November martial law.)
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To: calex59
“Doesn't matter. The Unemployment rate will drop to 8.0, bet on it”

Yep, remember four weeks back 200k (70k in Calif. alone) lost their unemployment checks overnight. The reason? because those that lost there jobs early in the recession had exhausted there benefit thus dropping off the rolls reducing the unemployment rate. The special 20 week Fed. extension went bye bye on the bogus reduction in the unemployment rate.

Obongo will perform an F4 spin tomorrow when the Gubermint tells us unemployment is 7.9 -8.0. Let him, Corp. profits were reported down in the 1st quarter, weekly unemployment up. 200k no longer collecting unemployment, that 60 million dollars a week not being spent to support our Service Industry economy. To go along with Europe it's spinning perpetually out of control again IMO. Obumbo should be finished come Nov.

41 posted on 05/31/2012 7:21:53 AM PDT by DAC21
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To: sunmars

Expect the unexpected.
Otherwise, If Obama loses in a landslide that would be unexpected.
If Romney is our next President and is a true reformer that would be unexpected.
If Romney appoints conservative SCJ to the bench..that would be unexpected.
If America doesn’t crash and burn before this decade ends...well, you get the idea.


42 posted on 05/31/2012 7:26:37 AM PDT by Leep (Enemy of the Statist)
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To: icwhatudo; bluecat6

March 29 “Actual” should be down.

And really, “actual” should probably be “revised”, IMO, since there’s not much reason to believe the second lie any more than the first.


43 posted on 05/31/2012 7:50:20 AM PDT by Darth Reardon (No offense to drunken sailors)
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To: sunmars
INITIAL JOBLESS CLAIMS JUMP TO 383K


44 posted on 05/31/2012 11:17:27 AM PDT by massmike (The choice is clear in November: Romney or Caligula!)
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To: icwhatudo; All

Excellent. It’s good to have this few months look how how “Reported” conflicts with reality. The agenda is self-evident.


45 posted on 06/01/2012 7:16:33 AM PDT by newzjunkey (I advocate separation of school and sport)
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To: DAC21
Obongo will perform an F4 spin tomorrow when the Gubermint tells us unemployment is 7.9 -8.0.

Hope you didn't bet today's lunch money on that.

46 posted on 06/01/2012 7:23:17 AM PDT by nascarnation
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