Weekly US unemployment aid applications decline but not enough to signal stronger hiring

Wash Post ^

[Perdogg]

The number of people seeking U.S. unemployment benefits fell last week, but the level of applications remains too high to signal a pickup in hiring.

The Labor Department said Thursday that weekly applications fell to a seasonally adjusted 386,000. That’s down from 392,000 the previous week, which was revised up. The four-week average, which smooths week-to-week fluctuations, was mostly unchanged at 386,750.

[Perdogg]

No longer "unexpected"

[traderrob6]

67 upward revisions in 68 weeks.

http://www.exposingtheleft.blogspot.com/2012/06/us-unemployment-aid-applications-rise.html

[EQAndyBuzz]

Funny how they don’t say how “revise up” it is. Applications weren’t down. If anything, once the revision takes place, once again applications will be up.

At least they are not attempting to hide it anymore. My question is, when will someone open their mouth and scream this from the rooftops?

[traderrob6]

Last week was reported at 386,000 before the revision so in actuality the figure was unchanged untill, of course, they revise this week up.

[paratrooper82]

Don’t worry, the unemployment rate will be down graded next week when no one will be watching or remembers last weeks unemployment rate!

Watch the left hand while the right hand stabs Americans in the back!

[Anti-Bubba182]

All you need to know about the unemployment situation.

Employment, Hours, and Earnings from the Current Employment Statistics survey (National)

Series Id: CES0000000001
Seasonally Adjusted
Super Sector: Total nonfarm
Industry: Total nonfarm
NAICS Code: -
Data Type: ALL EMPLOYEES, THOUSANDS

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Annual
2002	130591	130445	130421	130337	130328	130375	130275	130264	130209	130330	130338	130175
2003	130270	130111	129898	129849	129840	129840	129865	129820	129929	130126	130140	130259
2004	130421	130465	130802	131051	131361	131442	131488	131610	131771	132119	132182	132316
2005	132453	132693	132834	133194	133364	133607	133981	134174	134240	134320	134654	134814
2006	135097	135413	135696	135877	135891	135967	136176	136359	136516	136507	136711	136882
2007	137118	137211	137401	137473	137612	137687	137647	137629	137702	137781	137893	137982
2008	138023	137939	137844	137636	137446	137248	137038	136764	136332	135843	135040	134379
2009	133561	132837	132038	131346	130985	130503	130164	129933	129734	129532	129490	129319
2010	129279	129244	129433	129672	130188	130021	129963	129912	129885	130105	130226	130346
2011	130456	130676	130922	131173	131227	131311	131407	131492	131694	131806	131963	132186
2012	132461	132720	132863	132940(P)	133009(P)
P : preliminary The Bold is when Obama took office and now. There are less total people working today!

[TomGuy]

Reuters, via CNBC.com, had this convoluted statement:

Initial claims for state unemployment benefits fell 6,000 to a seasonally adjusted 386,000, the Labor Department said. The prior week's figure was revised up to 392,000 from the previously reported 387,000.

They had to revise last week's numbers UP by 5,000 to come up with the 6,000 decline for this week.

lol

Wanna bet next week report will show this week's number revised UP?

[dirtboy]

The Labor Department said Thursday that weekly applications fell to a seasonally adjusted 386,000. That’s down from 392,000 the previous week, which was revised up.

Revised up from 387,000 last week.

The MSM is complicit in this ongoing scam by not pointing out what the original number was and that this is done just about every weekly cycle.

[Anti-Bubba182]

http://www.bls.gov/webapps/legacy/cesbtab1.htm

To use the BLS stats go to the above link and select a category such as Total nonfarm (Seasonally adjusted)

[St_Thomas_Aquinas]

——67 upward revisions in 68 weeks.——

That this can be attributed to chance is statistically improbable.

And yes, I stayed at a Holiday Inn last night.

[xzins]

IIRC, last week was ~387,000. Revised up (again) it went up 5000 to 392,000. This week they tout a 6000 drop to 386,000.

Aren’t numbers fun?!

[Vendome]

Revised upward on Tuesday....

[Cletus.D.Yokel]

:: They had to revise last week’s numbers UP by 5,000 to come up with the 6,000 decline for this week. ::

An upward revision of greater-than 0.80% has been rare. Another indication that the numbers are being manipulated to make the situation look better than it really is.

[treetopsandroofs]

“At least they are not attempting to hide it anymore. My question is, when will someone open their mouth and scream this from the rooftops?”

From the treetops, too, but unfortunately only virtually.

I have a family and too many leftist freak “friends”.

-treetopsandroofs

[bluecat6]

By now you know the pattern.

a) Last weeks initial number is revised up. Check.
b) This weeks initial number is less than last weeks revised number. Check
c) The headline reads unemployment claims are down comparing the new initial number to last weeks revised number. Check
d) When comparing the last week revised number to the previous week revised number the actual claims is higher - no lower as reported in the headlines. Check
e) Trending is definitely getting worse with a higher and higher claims each week - regardless of the reporting game. Check

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 - down
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 chg, Actual - up
May 24: Reported - 370,000, Revised - 373,000 Reported - down, Actual - up
May 31: Reported - 383,000, Revised - 389,000 Reported - up, Actual - up
June 07: Reported - 377,000, Revised - 380,000 Reported - down, Actual - down
June 14: Reported - 386,000, Revised - 389,000 Reported - up, Actual - up
June 21: Reported - 387,000, Revised - 392,000, Reported - down, Actual - up
June 28: Reported - 386,000, Revised - TBD, Reported - down, Actual - TBD

[nodumbblonde]

We’ve talked about those no longer being counted after their benefits have expired but I had no idea independent contractors and the self-employed can’t receive unemployment benefits even though they pay into it. I wonder how many of those there are that aren’t being counted either.

(Someone correct me if I’m wrong but that’s how I understood it after reading the state unemployment site.)

[Brown Deer]

28.9% unemployment rate in Yuma, AZ...

How many Mexicans are coming across the border each week to collect their unemployment checks?

[GeorgeWashingtonsGhost]

With Obamacare now legally in effect, WATCH FOR THE HIRING OF MORE AND MORE IRS ‘HEALTH CARE POLICE’ AND VARIOUS OTHER FOOTSOLDIERS TO SKYROCKET.

[newzjunkey]

Last week they said, "The Labor Department said Thursday that weekly unemployment benefit applications rose 6,000 to a seasonally adjusted 386,000."

This week another, identical initial count of 386,000 means new unemployment applications fell. Riiiiiiight.

Last week's 386,000 were revised up to 392,000. Will next week's revision go the same way?

[newzjunkey]

Oops, I may have missed a week’s data. It may have dropped 1,000 in initial claims. That’s a drop in the bucket when you’re talking a revision of 6,000. It’s not encouraging and suggests stagnation.