No, they can report that there was no INCREASE because last week’s figures were revised UPWARD by the amount of the increase so they can report claims remained FLAT, week to week. Otherwise, the headline would have to read “Umemployment claims up by 2,000”. These revisions only happen every week and what, 68 out of the past 69 weeks have seen these same upward “revisions”?
“No, they can report that there was no INCREASE because last week’s figures were revised UPWARD by the amount of the increase so they can report claims remained FLAT, week to week.”
Bingo...we have a winner !!!
Exactly. Suppose next week the numbers are 377,000, but the previous week (this week) is revised upward to 377,000 - “flat” again! We can go from 372 to 374 to 377 all the while the numbers are flat. The press may as well just run the headline “It’s not my boyfriend’s fault.”