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 ...
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.
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.
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.
Excellent. It’s good to have this few months look how how “Reported” conflicts with reality. The agenda is self-evident.
Hope you didn't bet today's lunch money on that.
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