[Perdogg]

Revised upward, again

[P.O.E.]

Surprise!

[scooby321]

For the 4 Month trend it is going up.

As Lou Dobbs says its 64 out 65 weeks that it has been revised up.

[ScottinVA]

Again... why don’t the bean counters just “revise” last week’s numbers and the job-growth benchmark to 450,000 and title it “Accelerating recovery?”

Or are they just waiting for a strategic moment a few weeks before the election? Because these weekly upward revisions followed by “drops” in first-time claims are laughable.

[TomGuy]

The female guest host on F&F (she is from their business channel) said that the net jobs creation since 2009 [when Obama took office] is at a negative 500,000.

==

That flies in the face of Team Obama’s continuing claim that they have created 4.3 million new jobs. They do add the delimiter that that was over the last 27 months — ignoring the first year of the Obama Admin.

While that 4.3 million ‘sounds’ impressive, if broken down, that only equates to about 39,000 NEW jobs per WEEK. However, NEW jobless claims are at nearly 390,000 per WEEK.

Obama’s job creation number [4.3 million] is only about 1 NEW job for every 10 jobs LOST.

[Tea Party Terrorist]

The Media narrative this morning is “Jobless claims DOWN” but what they fail to tell us is that they revised last week claims UP.

66 of the last 67 weeks, previous weeks claims have been revised up, never once revised down.

Do do do the BLS two step.

[onemiddleamerican]

So let me get this (this week’s numbers) straight in my haid...

This week’s number is 387k, which is down from last week; but only because they revised last week’s numbers up from the originally reported number of 386k.

So, they changed 386k to 389k so that today they could say 387k is lower than last week.

And next week they will have to revise 387k up so that next week’s numbers will also “go down” some magical amount.

Ok, got it.

[lacrew]

Oh....
When you’re up, you’re up,
When you’re down, you’re down,
When you’re only half way up,
You’re neither up nor down.

Somehow, I EXPECTED the numbers to drop this week...even though they went up. Only government could muddy up the meaning of up vs down.

[mykroar]

I've been helping my brother move, good to know nothing ever changes. Revision Thursday is as certain as the sun rising.

Wonder when the "good" unemployment number will become 400,000?