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Weekly Jobless Claims Unexpectedly Dip
FoxBusiness.com ^ | 8/9/2012 | Reuters

Posted on 08/09/2012 6:08:15 AM PDT by mykroar

The number of Americans filing new claims for jobless benefits unexpectedly fell last week, government data showed on Thursday, suggesting a modest improvement in the labor market.

Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted 361,000, the Labor Department said. The prior week's figure was revised up to 367,000 from the previously reported 365,000.

Economists polled by Reuters had forecast claims rising to 370,000 last week. The four-week moving average for new claims, a better measure of labor market trends, rose 2,250 to 368,250.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; Government
KEYWORDS: business; jobless; unemployment; unexpected
The prior week's figure was revised up to 367,000 from the previously reported 365,000.

How unexpected!

1 posted on 08/09/2012 6:08:22 AM PDT by mykroar
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To: mykroar

Happy Days are here again!!!


2 posted on 08/09/2012 6:10:02 AM PDT by South Hawthorne (In Memory of my dear Friend Henry Lee II)
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To: mykroar

Another summer of recovery. /s


3 posted on 08/09/2012 6:11:37 AM PDT by ZX12R (FUBO GTFO 2012 !)
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To: South Hawthorne

Back to school seasonal work doesn’t last forever.


4 posted on 08/09/2012 6:12:38 AM PDT by MestaMachine (obama kills)
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To: mykroar

Report lower & then revisions upward aren’t noted later - everyweek.


5 posted on 08/09/2012 6:13:35 AM PDT by KSCITYBOY
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To: mykroar

So last weeks go up 2000, and this weeks is a 6000 reduction from the revised figures from last week. This weeks numbers are really a 4000 reduction from last weeks original numbers which is not a significant change, but it sure looks better to show a 6000 reduction vs a 4000 reduction to show how much ‘improvement’ we have. Jeez.


6 posted on 08/09/2012 6:14:04 AM PDT by ilgipper ( November cannot come soon enough)
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To: mykroar

” suggesting a modest improvement in the labor market “

And what will it ‘suggest’, when this number is quietly adjusted down next week??

Lies, damn lies, statistics, and BLS reports.....


7 posted on 08/09/2012 6:14:39 AM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: mykroar

Employers in the retail and restaurant industries are more likely than other companies to drop their health plans or cut workers’ hours when new health-law requirements take effect in 2014, according to new data from the consulting firm Mercer.


8 posted on 08/09/2012 6:16:35 AM PDT by TornadoAlley3 (Obama is everything Oklahoma is not.)
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To: mykroar

“seasonally adjusted” = propaganda


9 posted on 08/09/2012 6:17:22 AM PDT by marstegreg
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To: mykroar

With so many small businesses having closed, there is a ever-shrinking number of jobs available, which statistic the Obama administration uses to prop up the percentage-employed number. (If only one job remained, and one person was employed, they would count it as 100% employment!)

No one is fooled by these bogus numbers, except the media, that wants to be fooled.


10 posted on 08/09/2012 6:17:36 AM PDT by txrefugee
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To: mykroar

This is such a scam. Apples and oranges.

“Initial claims for state unemployment benefits slipped 6,000 “

NO THEY DIDN’T! They are comparing initial numbers (apples) with revised numbers (oranges).

They only slipped 4,000!!, an even smaller drop in the bucket. Somehow this is spun to look like good news. It isn’t. This number is WAY too high, IF I believed it to be accurate.


11 posted on 08/09/2012 6:23:58 AM PDT by faucetman ( Just the facts, ma'am, Just the facts)
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To: mykroar

Unexpected? Propaganda failure! The rules make it clear: bad news is unexpected, good news is just what the media and administration expected. Claiming that good news is unexpected and therefore implying that bad news is the norm under Obama is a quick way to have your computer smashed and get audited on top of that.


12 posted on 08/09/2012 6:26:03 AM PDT by KarlInOhio (Recycled Olympic tagline Shut up, Bob Costas. Shut up! Shut up! Shut up! Shut up! Shut up! Shut up!)
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To: ilgipper

Plus, they were better 5 weeks ago, so the moving average actually gets worse.


13 posted on 08/09/2012 6:31:18 AM PDT by CharlesWayneCT
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To: mykroar
You want to know how bad things are... consider this... marxist economists create these formulas to manipulate the truth and this is the best that they can do... it is just that bad.

LLS

14 posted on 08/09/2012 6:31:18 AM PDT by LibLieSlayer (Don't Tread On Me)
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To: All


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15 posted on 08/09/2012 6:34:19 AM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: mykroar
How unexpected!

Everybody drink!

16 posted on 08/09/2012 6:38:34 AM PDT by rarestia (It's time to water the Tree of Liberty.)
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To: mykroar

Statistically insignificant as it’s within the margin of normal revisions.............


17 posted on 08/09/2012 6:39:00 AM PDT by Red Badger (Think logically. Act normally.................)
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To: mykroar

If all this is unexpected, where can we find what the experts expect so we can see how far off they are?


18 posted on 08/09/2012 7:58:51 AM PDT by Delphster
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To: marstegreg
“seasonally adjusted” = propaganda

Look for those numbers to continue to drop until just shortly after the election.

19 posted on 08/09/2012 8:17:00 AM PDT by dearolddad
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