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Jobless claims rise less than expected last week
money.msn.com ^ | October 4, 2012 | money.msn.com

Posted on 10/04/2012 5:47:33 AM PDT by John W

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose less than expected last week, according government data on Thursday that suggested a mild improvement in the labor market.

Initial claims for state unemployment benefits climbed 4,000 to a seasonally adjusted 367,000, the Labor Department said. The prior week's figure was revised up to show 4,000 more applications than previously reported.

Economists polled by Reuters had forecast claims rising to 370,0000 last week. The four-week moving average for new claims, a better measure of labor market trends, was unchanged at 375,000. It was the first time since December last year that the four-week average was unchanged.

A Labor Department official said there were no special factors influencing the report and no states had been estimated.

(Excerpt) Read more at money.msn.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: jobless; obamanomics; unemployment; unexpected

1 posted on 10/04/2012 5:47:36 AM PDT by John W
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To: John W

and this will just reinforce what Romney said last night....economy is in the toilet under Obama and he has no answer.


2 posted on 10/04/2012 5:48:47 AM PDT by sunmars
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To: sunmars

so, an increase in unemployment is good.. and the upward revision makes it even better.


3 posted on 10/04/2012 5:50:11 AM PDT by newnhdad (Where will you be during the Election Riots of 2012/2013?)
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To: John W

...as Obama lays an unexpected egg last night.


4 posted on 10/04/2012 5:50:32 AM PDT by Huskrrrr
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To: John W

Gotta save the fun for the upward revision next week.


5 posted on 10/04/2012 5:55:17 AM PDT by VanDeKoik
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To: John W

What a biased title. It ROSE less than expected! And, everyone knows it’ll rise past expectations.

What a bunch of obama lickspittles the media is.


6 posted on 10/04/2012 5:58:02 AM PDT by Jake8898
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To: John W

Shocking and unexpected.....as usual.


7 posted on 10/04/2012 5:59:32 AM PDT by Michigander222
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To: Michigander222
Fire these government-employee prognosticators who can NEVER get their estimates correct. Isn't accuracy part of their worthless jobs? What a bunch of incompetent, parasitic losers.
8 posted on 10/04/2012 6:13:45 AM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: Jake8898
Here's the opening paragraph on FoxBiz: "Wall Street held onto a solid premarket rally Thursday morning after a new report showed U.S. jobless claims rose slightly less than had been forecasted."

Up is down, right is left, . . .

Some things never change though - revised upwards again.

Read more: http://www.foxbusiness.com/markets/2012/10/04/futures-rise-as-traders-wait-for-jobs-data/#ixzz28Ks8Z9la

9 posted on 10/04/2012 6:16:10 AM PDT by mykroar (October race/religious riots bring November martial law. Voting postponed for your safety.)
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To: John W

“rose less than expected”

So, things got suckier (even with phony statistics), but they weren’t as suckier as some had predicted, thus, things are actually better.


10 posted on 10/04/2012 6:16:37 AM PDT by SampleMan (Feral Humans are the refuse of socialism.)
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To: John W

This actually sounds like a comedy routine. 4000 down but adjusted last week 4000 up...


11 posted on 10/04/2012 6:17:48 AM PDT by epluribus_2
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To: John W
The prior week's figure was revised up to show 4,000 more applications than previously reported.

They used to REVISE UP about 2,000, but that wasn't enough. So, they started REVISING UP about 3,000.

Now, they are REVISING UP 4,000.

Their guesstimates are getting 'worser' and 'worser' as they try to give Obama cover.
12 posted on 10/04/2012 6:19:47 AM PDT by TomGuy
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To: John W

Why do they bother putting their spin on it? The numbers have consistently been between 360,000 and 400,000 since obama took office. They’ve never gone below 350,000.


13 posted on 10/04/2012 6:20:36 AM PDT by jersey117
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To: sunmars
"A jobless claim filings under 250k 300k 350k 400k indicates a growing labor market."
14 posted on 10/04/2012 6:20:41 AM PDT by Perdogg
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To: John W

A regime that can force DOD to tell Lockheed that it’s OK not to send out layoff notices and that the regime will use taxpayer dollars to fight off the resulting lawsuits, is a regime that can do anything it wants with unemployment sadistics.

Still expecting really bad unemployment news mid to late October so that, with the shifting of numbers from excel column A to column B, the week or two prior to Nov 6 can be rosy.


15 posted on 10/04/2012 6:27:01 AM PDT by C210N ("ask not what the candidate can do for you, ask what you can do for the candidate" (Breitbart, 2012))
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To: TomGuy

I wonder how unemployment figures will be calculated and reported after Romney takes office?


16 posted on 10/04/2012 6:41:27 AM PDT by Right Brother
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To: John W

John, Obama keeps saying that he’s creating jobs. He must be talking about the extra help needed at the unemployment office.


17 posted on 10/04/2012 6:50:56 AM PDT by tsowellfan
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To: John W
We have to give these guys credit. They worked very hard to come up with the headline.

I think maybe its time that the MSM begin to villify the unemployed they sure are screwing up the presidents reelection campaign

18 posted on 10/04/2012 6:53:44 AM PDT by JIM O
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To: John W

19 posted on 10/04/2012 7:01:48 AM PDT by TornadoAlley3 (Obama is everything Oklahoma is not.)
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To: JIM O

No, their job is easy. It’s always the same: bad news is good news because it could’ve been worse news. Unless a Pub is president. Then even if unemployment drops, who cares; it’s only “mcjobs.”


20 posted on 10/04/2012 7:05:27 AM PDT by Tublecane
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To: John W
Jobless claims rise less than expected last week


UNEXPECTED!!!!...


DRINK!!!


Inconceivable!!

DRINK!!!

Surprise!...
Surprise!!...
Surprise!!!...

DRINK!!!


I’m Shocked…Shocked!!!
Do I really have to say it???


DRINK!!!

21 posted on 10/04/2012 7:05:51 AM PDT by Stand Watch Listen
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To: John W
Jobless claims rise less than expected last week

That's all that really matters.

22 posted on 10/04/2012 7:17:08 AM PDT by kevao (Is your ocean any lower than it was four years ago?)
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To: SampleMan

I know! The real point is, jobless claims rose.


23 posted on 10/04/2012 7:20:40 AM PDT by utahagen
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To: All


Help End The Obama Era In 2012
Your Monthly and Quarterly Donations
Help Keep FR In the Battle!

24 posted on 10/04/2012 8:35:29 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: Jake8898
It ROSE less than expected!

But...it was "seasonally adjusted" so...

25 posted on 10/04/2012 9:04:17 AM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: utahagen

I was addressing the article not you.

Thanks for posting.


26 posted on 10/04/2012 9:47:26 AM PDT by SampleMan (Feral Humans are the refuse of socialism.)
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To: John W
Basically the economy stayed flat for this year.
27 posted on 10/04/2012 1:11:34 PM PDT by johnsondavid841
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To: John W

They’ll be back to the “expected” level when they are “revised” next week. No big thing.


28 posted on 10/04/2012 7:18:50 PM PDT by FlingWingFlyer (Sorry Algore. It was attitude, NOT altitude.)
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