Skip to comments.Weekly US unemployment aid applications decline but not enough to signal stronger hiring
Posted on 06/28/2012 5:46:11 AM PDT by 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. Thats 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.
(Excerpt) Read more at washingtonpost.com ...
67 upward revisions in 68 weeks.
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?
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.
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!
Series Id: CES0000000001
Super Sector: Total nonfarm
Industry: Total nonfarm
NAICS Code: -
Data Type: ALL EMPLOYEES, THOUSANDS
|P : preliminary
The Bold is when Obama took office and now. There are less total people working today!
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.
To use the BLS stats go to the above link and select a category such as Total nonfarm (Seasonally adjusted)
——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.
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?!
Revised upward on Tuesday....
:: 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.
“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”.
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
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.)
With Obamacare now legally in effect, WATCH FOR THE HIRING OF MORE AND MORE IRS ‘HEALTH CARE POLICE’ AND VARIOUS OTHER FOOTSOLDIERS TO SKYROCKET.
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?
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.