Surprise!
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 ...
Strange though, how no one is actually going back to work/SAR
They didn’t “jump” at all, according to USA Today. They are reporting “Weekly Unemployment Claims Rise Modestly.”
So laughable.
Surprise!
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?
And that's just so...
(Get ready for it...)
Thanks for posting that list- very helpful.
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.
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!
I am waiting for the news reports to say that jobless claims below 400,000 mean that hiring boom is around the corner.
“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.
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.
TY
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
Awwwwwwww!
Democrats' notion of fostering a healthy business climate consists of the old saw "Whippings will continue until morale improves".
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?
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.
I’ve got to stop this game.......
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