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Weekly Jobless Claims Tick Up 2K
FoxBusiness.co ^ | 08/16/2012 | Reuters

Posted on 08/16/2012 6:17:42 AM PDT by mykroar

The number of Americans filing new claims for jobless benefits edged higher last week although a trend reading fell close to a four-year low, pointing to ongoing healing in the labor market.

Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 366,000, the Labor Department said on Thursday. That was in line with economists' forecasts in a Reuters poll.

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


TOPICS: Breaking News; Business/Economy; Government
KEYWORDS: business; jobless; obamanomics; recovery; revision; unemployement
The prior week's figure was revised up to 364,000 from the previously reported 361,000.

Shocking!

1 posted on 08/16/2012 6:17:48 AM PDT by mykroar
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To: mykroar; SeekAndFind; blam

unexpected....everyone drink!!!!


2 posted on 08/16/2012 6:18:53 AM PDT by Perdogg (It's time to come together for America)
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To: mykroar

And this week’s 366k will be revised up to 370k so they can report a drop or at least a smaller increase next week.....


3 posted on 08/16/2012 6:19:34 AM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: Red Badger

How dare you cast dispersions upon Dear Leader and his minions!


4 posted on 08/16/2012 6:21:35 AM PDT by mykroar (October race riots bring November martial law. Voting postponed for your safety.)
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To: Red Badger

Whatever works best until November 6.

These faking frauds have to go home to their families knowing everything they do is a lie, just to support an oppressive racist regime, simply because they’re not Republicans.

What repugnant POS so many Americans have become.


5 posted on 08/16/2012 6:22:11 AM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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To: mykroar

I would rather cast aspersions...........


6 posted on 08/16/2012 6:28:17 AM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: treetopsandroofs

Does this include the 1.7 illegals who just got signed up onto our rolls — now that they’re here and “legal” are they going to receive and file for unemployment benefits and status??


7 posted on 08/16/2012 6:28:23 AM PDT by LibsRJerks
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To: mykroar

aspersions


8 posted on 08/16/2012 6:29:05 AM PDT by ecomcon
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To: treetopsandroofs

What repugnant POS so many Americans have become

Frankly, I wouldn’t confer the title “American” on many of these people nowadays ...


9 posted on 08/16/2012 6:29:35 AM PDT by LibsRJerks
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To: treetopsandroofs

At any given time, there are 33% of any group that wants to take property and wealth away from you. We only get in trouble when that 33% works for the government..............


10 posted on 08/16/2012 6:30:16 AM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: treetopsandroofs

The idiot media can’t grasp the concept of comparing apples to apples. How difficult would it be for them to look at last week’s story to see what that week’s estimated number was?

I’d love to show them the difference by graphing the two outcomes, but it would be time wasted to expect them to understnd the slope of a line.

All these journalists took English lit courses, economics courses taught to examine political impacts, and womens studies. If any of them took a statistics course, they did it by correspondence and had somebody smart do their homework for them.


11 posted on 08/16/2012 6:34:40 AM PDT by FirstFlaBn
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To: ecomcon

If jobless raised by 2000 in a Republican admin the headline would be : employment stagnating, economy stuck, stalled, direction less. Look at ap and Bloomberg. You will see jobs slowly healing. Jobless nearly unchanged. stabilizing. Does Obama’s team just right the copy for them? Romney should call this out.


12 posted on 08/16/2012 6:35:01 AM PDT by epluribus_2
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To: epluribus_2

I stopped believing the phoney baloney jobs numbers a long time ago.

For the first time in my life (that I can remember)I’ve seen people standing on the roadside in sandwich boards asking for work. Not bums pretending to want to “work for food”, but actual people standing on the side of the road with resumes begging for an opportunity to work.

I wish people would get their heads out of their butts and wake up.


13 posted on 08/16/2012 6:47:11 AM PDT by newnhdad (Where will you be during the Election Riots of 2012/2013?)
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To: mykroar

Exactly as I predicted, gasoline prices going through the roof across the country. With each week that passes, and gas prices continue rising, the unemployment numbers will continue to get worse and worse.


14 posted on 08/16/2012 6:55:50 AM PDT by JLAGRAYFOX ( My only objective is defeat and destroy Obama & his Democrat Party, politically!!!)
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To: mykroar

This reporting scam has to stop. It did NOT rise by 2,000. It rose by 6,000 from the previously under-reported to a new under-reported number.


15 posted on 08/16/2012 7:05:10 AM PDT by Proud2BeRight
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To: mykroar

Impossible. The Democrats fixed this when they elected Obama.


16 posted on 08/16/2012 7:05:39 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: mykroar; mickie; flaglady47; Chigirl 26; magnum force 1; Bob Ireland; seekthetruth; ...
HOW TO SPIN BAD NEWS INTO GOOD NEWS IN ONE SENTENCE OF 33 WORDS

The opening sentence of this Reuter's dispatch sent my little grey cells reeling at the very cunning of Obama's captive media wordsmiths:

"The number of Americans filing new claims for jobless benefits edged higher last week...." (so far, news is bad)

"......although a TREND READING fell CLOSE to a four-year low......"('trend reading' to the rescue. Quickly, factual BAD news is suddenly GOOD news because of a voodoo, iffy 'trend reading' that is 'close')

"......pointing to ongoing HEALING in the labor market.".......(now the original BAD news is ecstatically-GOOD news, medically-speaking, all in the space of 33 words in one single sentence).

Reuters and other journalistic perverts sure have a way with words, don't they!

For our own sanity and preservation we need Goebbels 101 courses available in schools and junior colleges everywhere to dissect, translate and expose the new leftist MediaSpeak.

Leni

17 posted on 08/16/2012 7:15:21 AM PDT by MinuteGal
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To: mykroar

Tick, tick, tick.....


18 posted on 08/16/2012 7:32:41 AM PDT by John W (Viva Cristo Rey!)
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The FReepathon is still on.
Please donate today!

19 posted on 08/16/2012 8:49:21 AM PDT by RedMDer (https://support.woundedwarriorproject.org/default.aspx?tsid=93destr)
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To: FirstFlaBn

Where do you get the idea that even a significant minority of “journalists” took an economics course? Even English Literature would be a stretch since most cannot write a competent understandable sentence.

They certainly do not take a course as rigorous as Economics and Statistics? Not a chance.


20 posted on 08/16/2012 9:58:47 AM PDT by arrogantsob (Obama MUST Go. Sarah herself supports Romney.)
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To: mykroar

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 - 388,000, Reported - down, Actual - down
July 05: Reported - 374,000, Revised - 376,000, Reported - down, Actual - down
July 12: Reported - 350,000, Revised - 352,000, Reported - down, Actual - down
July 19: Reported - 386,000, Revised - 388,000, Reported - up, Actual - up
July 26: Reported - 353,000, Revised - 357,000, Reported - down, Actual - down
August 2: Reported - 365,000, Revised - 367,000, Reported - up, Actual - up
August 9: Reported - 361,000, Revised - 364,000, Reported down, Actual - down
August 16: Reported - 366,000

Since March (and well before that I believe) the initial is ALWAYS lower than the revised.

Many times this has lead to invalid headlines by the media.


21 posted on 08/16/2012 10:23:48 AM PDT by bluecat6 ( "A non-denial denial. They doubt our heritage, but they don't say the story is not accurate.")
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To: mykroar

There a problem with joblissness or the economy in the US?

How can that be?

Is it Romney’s fault?


22 posted on 08/16/2012 12:14:22 PM PDT by Leep (I'm a Chic-Fil--A-merican)
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To: Leep

It’s because all the racist employers won’t hire. /s


23 posted on 08/16/2012 12:37:52 PM PDT by mykroar (October race riots bring November martial law. Voting postponed for your safety.)
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To: bluecat6

That shows it is deliberate fraud.


24 posted on 08/16/2012 12:43:31 PM PDT by rurgan (Sunset all laws at 4 years.China is destroying U.S. ability to manufacture,makes everything)
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To: MinuteGal

Funny how they mince words of approval when it’s a democRAT in charge. However, when Bush was in charge they used headlines like...

UNEMPLOYMENT AT NEW HIGH

UNEMPLOYMENT AT RECORD HIGHS

UNEMPLOYED SEEK FOOD LINES

POVERTY UP, HOMELESS SHELTERS FULL

And on and on and on!!!!!!!


25 posted on 08/16/2012 12:58:33 PM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: rurgan; bluecat6

The whole damn system is a fraud. The tax code, the agencies, those in charge.

THE WHOLE DAMN SYSTEM IS BROKEN!

The “FIX” will be CWII.


26 posted on 08/16/2012 1:05:50 PM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: All; mykroar
I like that.

Jobless claims actually went up 5,000 initial-to-initial over the prior week but they "only" increased 2,000 as expected in the official propaganda.

27 posted on 08/16/2012 4:26:14 PM PDT by newzjunkey (Election night is 82 days away.)
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To: treetopsandroofs
It's sad I know. I used to be a live and let live kinda guy, but the avarice and sense of entitlement of people who have contributed nothing; combined with the continuous insults and usupations of those who work hard and pay the freight, has harderned my position. My wife is from Peru and I've been several times, if you don't work, guess what, you don't eat. Everyone works.
28 posted on 08/16/2012 5:41:59 PM PDT by oncebitten (Obama: could not get a clue if he were covered in clue musk and standing in a field of horny clues.)
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To: mykroar
So let's see, unemployment claims increased from upwardly revised numbers last week, housing starts dropped, poverty is up, and prices are rising, and what does the stock market do?

DOW up 85.33
NASDAQ up 31.46
S&P up 9.98

American is clearly overdosing on hopium.

29 posted on 08/16/2012 5:54:39 PM PDT by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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To: mykroar

This is Obama pravda because this country will never willingly submit to Socialism and they know the stealth approach using the media to hypnotize the masses is the only way.


30 posted on 08/16/2012 6:27:48 PM PDT by Typical_Whitey (The political mirage of something for nothing; has ruined many a nation.)
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To: mykroar

Another Recovery Summer


31 posted on 08/16/2012 6:31:23 PM PDT by therightliveswithus
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To: mykroar

Here comes QE 3. Jackson Hole, baby. Timed to boost Obama, Wall St, etc., on another artificial high designed to dupe the lemmings and blow out the dollar.


32 posted on 08/16/2012 6:36:12 PM PDT by Abiotic (The ship of democracy, which has weathered all storms, may sink through the mutiny of those on board)
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To: MinuteGal
""......although a TREND READING fell CLOSE to a four-year low......"('trend reading' to the rescue. Quickly, factual BAD news is suddenly GOOD news because of a voodoo, iffy 'trend reading' that is 'close')

It would be nice if they specified WHICH trend reading they were talking about. I think economists on both sides of the aisle accept that a 30 day moving average on unemployment claims is more dependable than a weekly figure - weather, holidays, etc can impact weeklies, but those variables tend to get evened out with a 30 day moving average.

But the figures I really want to hear are how these unemployment figures and trends stack up against prior "recoveries". Normally I would expect initial claims to be on a consistently falling trend during a "recovery" because I would expect that new unemployment would decrease very significantly before hiring starts. But it seems to keep rolling along in the same old range ...

33 posted on 08/17/2012 9:06:28 AM PDT by In Maryland (Our rights come from nature and God, not government. - Paul Ryan)
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To: ecomcon

aspartame


34 posted on 08/17/2012 12:31:37 PM PDT by QuestingElf
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To: QuestingElf

I meant to say

aspartame (a word denoting Equals)


35 posted on 08/17/2012 12:32:35 PM PDT by QuestingElf
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To: mykroar

How can this be possible when Dem-backer Google alone announced layoffs of 4000 at their Motorola facilities last week?

http://www.huffingtonpost.com/2012/08/13/google-motorola-mobility-layoffs-cuts-employees_n_1771692.html?utm_hp_ref=technology


36 posted on 08/18/2012 6:27:08 AM PDT by Magnatron
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To: mykroar
Let us talk about unemployment numbers !


37 posted on 08/19/2012 8:23:59 AM PDT by timestax (Why not drug tests for the President AND all White Hut staff ? ? ?)
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