67 upward revisions in 68 weeks.
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.
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....
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?