Skip to comments.NBC, Reuters: Weekly jobless claims jump “unexpected”
Posted on 08/23/2012 8:46:22 AM PDT by RobinMasters
For those readers who wonder why I havent written about the weekly initial jobless claims, its because they havent produced any significant news over the last few weeks. The changes have all been within a range that can best be described as statistical noise. When dealing with numbers between 360K-380K, a shift of anything under 7K-8K is only meaningful to the seven or eight thousand people who did or did not have to file for benefits that week. In other words, a statistician would expect to see those kinds of changes in this type of series.
Well, except for the statisticians at NBC, apparently, emphasis mine:
New claims for unemployment benefits took an unexpected jump in the latest week, raising more concerns about the struggling job market and providing futher incentive for the Federal Reserve to jump in and help the economy.
The Labor Department reported Thursday that seasonally-adjusted initial claims rose 4,000 to 372,000. Thats compared to a decline of 1,000 that economists on average had been expecting.
(Excerpt) Read more at hotair.com ...
Wow. Another “unexpected” jump. You know what I’d like? A leader who knows when to expect the unexpected.
Unexpected by who - Alfred E. Neuman and Bozo the Clown???
It’d be funny if it weren’t for the fact that this has been going on for four years now and our “president” does nothing but posture and badmouth the Republicans.
About as unexpected as a low scoring soccer game.
Who are the economists -- a bunch of Zero supporters?
"I don't think that word means what you think it means."
“I don't think that word means what you think it means.”
In double speak it means another dismal performance by our President.