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U.S. jobless claims climb 46,000 to 388,000
marketwatch.com ^ | October 18, 2012 | Jeffry Bartash

Posted on 10/18/2012 5:41:27 AM PDT by John W

WASHINGTON (MarketWatch) - Applications for U.S. unemployment benefits jumped 46,000 to a seasonally adjusted 388,000 in the week of Oct. 7-13, the Labor Department said Thursday, erasing the sharp drop from the prior week. Claims had fallen two weeks ago to a four-year low, but the decline mainly stemmed from a statistical quirk in the data that often happens at the end of a quarter and it was not reflective of a rapidly improving labor market.

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


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: unexpected
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1 posted on 10/18/2012 5:41:30 AM PDT by John W
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To: John W

The median forecast of 49 economists surveyed called for a rise in claims to 365,000.


2 posted on 10/18/2012 5:42:32 AM PDT by John W (Viva Cristo Rey!)
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To: John W

CNN looked gutted having to read that out, looked like a funeral.


3 posted on 10/18/2012 5:43:13 AM PDT by sunmars
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To: John W

“In other news, the jobless rate unexpectedly fell to 3.6%.”


4 posted on 10/18/2012 5:43:37 AM PDT by BlueStateRightist
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To: John W
"statistical quirk"......

Global warming is another example of statistical quirk.

5 posted on 10/18/2012 5:43:43 AM PDT by Sacajaweau (r)
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To: John W
Somebody didn't get the memo. See this report from yesterday:

Gallup: The Unemployment Rate Is Collapsing

6 posted on 10/18/2012 5:44:07 AM PDT by blam
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To: sunmars

What did they expect after the last number was so totally bogus? That was their shot at saving Barry and it failed.


7 posted on 10/18/2012 5:44:26 AM PDT by John W (Viva Cristo Rey!)
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To: John W

Ben Stien whom was just on Fox claims this number isn’t bad. He is the only guy I have heard that thinks 400k is the line in the sand for a growing economy. Then again he is pitching a book about raising taxes.


8 posted on 10/18/2012 5:47:10 AM PDT by DAC21
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To: John W
Ha Ha ha, but Obama’s dept. of labor and the media have been saying the unemployment rate is going down so much. This sure prove that they faked the bogus 7.8% unemployment , pure lies.
9 posted on 10/18/2012 5:47:47 AM PDT by rurgan (Sunset all laws at 4 years.China is destroying U.S. ability to manufacture,makes everything)
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To: John W
Ha Ha ha, but Obama's dept. of labor and the media have been saying the unemployment rate is going down so much. This sure proves that they the BLS faked the bogus 7.8% unemployment , pure lies.
10 posted on 10/18/2012 5:48:47 AM PDT by rurgan (Sunset all laws at 4 years.China is destroying U.S. ability to manufacture,makes everything)
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To: DAC21

Ben has been lost to the dark side.


11 posted on 10/18/2012 5:49:04 AM PDT by John W (Viva Cristo Rey!)
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To: John W

As usual: Uh...uh...uh...unexpected!


12 posted on 10/18/2012 5:49:11 AM PDT by glennaro
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To: John W

Who’d have thunk it?


13 posted on 10/18/2012 5:49:36 AM PDT by Gamecock
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To: rurgan

I wonder if last week was adjusted up for California not fully reporting there numbers, or were those numbers rolled into this week?


14 posted on 10/18/2012 5:50:07 AM PDT by DAC21
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To: rurgan

I wonder if last week was adjusted up for California not fully reporting there numbers, or were those numbers rolled into this week?


15 posted on 10/18/2012 5:50:08 AM PDT by DAC21
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To: rurgan

I wonder if last week was adjusted up for California not fully reporting there numbers, or were those numbers rolled into this week?


16 posted on 10/18/2012 5:50:08 AM PDT by DAC21
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To: rurgan

I wonder if last week was adjusted up for California not fully reporting there numbers, or were those numbers rolled into this week?


17 posted on 10/18/2012 5:50:08 AM PDT by DAC21
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To: rurgan

I wonder if last week was adjusted up for California not fully reporting there numbers, or were those numbers rolled into this week?


18 posted on 10/18/2012 5:50:10 AM PDT by DAC21
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To: John W

They faked the 7.8% unemployment rate just so Romney couldn’t hit Obama with over 8% unemployment in the debate. Now these numbers show they faked it.


19 posted on 10/18/2012 5:50:27 AM PDT by rurgan (Sunset all laws at 4 years.China is destroying U.S. ability to manufacture,makes everything)
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To: blam

The tentacles of the left are far reaching. They really do have an approach that would make Goebbels proud.


20 posted on 10/18/2012 5:50:33 AM PDT by pieceofthepuzzle
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To: DAC21

Article says previous week was revised up 4,000 then this on top of that.


21 posted on 10/18/2012 5:51:18 AM PDT by John W (Viva Cristo Rey!)
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Comment #22 Removed by Moderator

To: rurgan

I do not have a stuck keyboard. the 4x post is all on Free Rep.


23 posted on 10/18/2012 5:52:28 AM PDT by DAC21
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To: sunmars

The rate of change was a 13.45% from last week. That was the highest in five years.


24 posted on 10/18/2012 5:53:24 AM PDT by Perdogg (Vote like the US Constitution depends on it - it does!!)
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To: DAC21

You mea “ you didnt do that” LOL


25 posted on 10/18/2012 5:56:32 AM PDT by Michigander222
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To: DAC21
NO.

These numbers are only for this week. last week they left out california ( and didn't say that in the headlines). They faked everything for that week of the economic debates so Romney wouldn't use high unemployment or the no jobs argument against Obama( it was an attempt to silence Romney in the debates now that the debate is foreign policy the real numbers come out).
They faked the 7.8% unemployment rate just so Romney couldn’t hit Obama with over 8% unemployment in the debate. Now these numbers show they faked it.

26 posted on 10/18/2012 5:56:35 AM PDT by rurgan (Sunset all laws at 4 years.China is destroying U.S. ability to manufacture,makes everything)
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To: John W

So, how will Carney The Carnival Barker explain this away? or, will there even be a briefing today?


27 posted on 10/18/2012 5:58:38 AM PDT by John W (Viva Cristo Rey!)
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To: rurgan

My guess is that they’re still faking it. Today’s real number is >400,000.


28 posted on 10/18/2012 5:58:43 AM PDT by BlueStateRightist
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To: John W

Yep. Ben completely lost his senses at some point in the past 5-10 years. Either senility or Hollywood syndrome kicked in. He no longer makes any sense.

If one were to take a 30 year chart of this number, there is no way to truthfully say 400,000 is the line where things are bad. The number has been between 350,000 and 400,000 for the entire Obama term, and were consistently much lower in the decades previous to this current economy.


29 posted on 10/18/2012 5:59:56 AM PDT by ilgipper
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To: BlueStateRightist

ALL the real numbers are probably worse than they are releasing. Even at that, the most compelling two minutes of the debate was Romney reciting the fake bad numbers.


30 posted on 10/18/2012 6:01:10 AM PDT by John W (Viva Cristo Rey!)
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To: DAC21
"I do not have a stuck keyboard. the 4x post is all on Free Rep."

No, it was Bush's fault.

31 posted on 10/18/2012 6:01:39 AM PDT by eCSMaster (Indep. Payment Advisory Board = "Death Panels")
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To: John W

October 7 thru 13 was short work week, because of Columbus Day, a Federal holiday.

Typically, for holiday weeks, the number reported is significantly LESS than numbers for full weeks.


32 posted on 10/18/2012 6:02:00 AM PDT by TomGuy
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To: John W
Claims had fallen two weeks ago to a four-year low, but the decline mainly stemmed from a statistical quirk in the data that often happens

Gee. I wonder why we didn't hear this two weeks ago when every MSM news organization was screaming that the economy was back on track. It was a statistical quirk that OFTEN HAPPENS. The MSM is a danger to this nation with its lies and spin.

33 posted on 10/18/2012 6:03:28 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: John W

That number is still low as many States are having problems processing the new claims. Colorado is 1-2 months behind and hiring as fast as they can and the computer systems are overloaded and making mistakes. This keeps many off that new UI application count. Colorado has 180,000 on UI when 30,000 is normal.


34 posted on 10/18/2012 6:03:56 AM PDT by CodeToad (Padme: "So this is how liberty dies... with thunderous applause.")
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To: TomGuy

How dare you cloud the issue with facts, common sense and logic!!!


35 posted on 10/18/2012 6:04:09 AM PDT by Roccus
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To: John W

Does this include California* where Gov. Moonbeam Brown is driving the state into the ground?

*The unemployment rate of 7.8% that was announced the Friday after the first debate (First Friday of October) excluded California and has yet to be adjusted up from 7.8% but will be adjusted up (probably after the election).


36 posted on 10/18/2012 6:05:11 AM PDT by kevinm13 (Tim Geithner is a tax cheat. Manmade "Global Warming" is a HOAX!)
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To: John W
Article says previous week was revised up 4,000 then this on top of that.

That number is suspect, because last week they left out one state in the overall numbers. California, IIRC.

Did they include ALL states this time?
37 posted on 10/18/2012 6:06:07 AM PDT by TomGuy
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To: kevinm13

Will there be one more of those on Friday November 2nd or is that too soon after October ends to have the number released?


38 posted on 10/18/2012 6:06:47 AM PDT by John W (Viva Cristo Rey!)
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To: BlueStateRightist
“In other news, the jobless rate unexpectedly fell to 3.6%.”

I don't care who you are, that's funny right there.

39 posted on 10/18/2012 6:07:02 AM PDT by Principled (Vote Romney to stop Obama. Vote for conservative Reps and Senators to stop Romney. [ZET 7/30/12])
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To: John W

Unemployment rates decline as the supply of Soylent Green increases.


40 posted on 10/18/2012 6:07:51 AM PDT by DTogo (High time to bring back the Sons of Liberty !!)
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To: blam

Gallup’s unemployment number is fair warning to the republicans. Gallup consistently tracks with the end of month UE3 number that is put out by the BLS, although it typically is a few tenths lower. In other words, on November 2, 4 days before the election, Obama will reveal that the unemployment rate has dropped to 7.5 or so.

It is the october surprise writ large, and unless planned for ahead of time, it will be difficult to defend against.

I would begin mentioning the “part time ecomony” as the democrat’s dream for the future. Not enough to support you or to lift you, but just enough to keep their numbers looking good.

Gallup says not all of the report is “part time”, but that’s insignificant really. It is devastating that so many Americans are UNDEREMPLOYED!


41 posted on 10/18/2012 6:08:36 AM PDT by xzins (Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
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To: Opinionated Blowhard

Do not fear - you are reading the antidote to Press Poisoning!


42 posted on 10/18/2012 6:10:11 AM PDT by Aevery_Freeman (All Y'all White Peoples is racist!)
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To: John W

Unexpectedly!

FAIL!

That’s what happens when you cook the books. Eventually, the numbers reverse themselves. Happily, they couldn’t maintain the lie beyond the election.


43 posted on 10/18/2012 6:12:30 AM PDT by Uncle Miltie (You didn't build that. The private sector is doing fine. We tried our plan and it worked.)
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To: John W
This shows that the job market is NOT improving

Further evidence that the BLS totally faked that 7.8% unemployment rate that Romney had to repeat in the debates. When will there be an investigation into this government agency the BLS and of Obama ?

44 posted on 10/18/2012 6:14:13 AM PDT by rurgan (Sunset all laws at 4 years.China is destroying U.S. ability to manufacture,makes everything)
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To: TomGuy

Good catch!


45 posted on 10/18/2012 6:14:13 AM PDT by Bushbacker1 (I miss President Bush! 2012 - The End Of An Error! (Oathkeeper))
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To: Uncle Miltie

They couldn’t maintain it for a week. If you were working mathematically with every one of these reported numbers during Obama’s reign, the one reported last week would be thrown out. As well it should be.


46 posted on 10/18/2012 6:16:13 AM PDT by John W (Viva Cristo Rey!)
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To: TomGuy
Did they include ALL states this time?

No, seven of the fifty seven refused to report.

47 posted on 10/18/2012 6:16:30 AM PDT by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
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To: John W

‘statistical quirk’ - So that’s what they are calling it nowadays................


48 posted on 10/18/2012 6:16:56 AM PDT by Red Badger (Is it just me, or is Hillary! starting to look like Benjamin Franklin?.................)
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To: kevinm13
“The unemployment rate of 7.8% that was announced the Friday after the first debate (First Friday of October) excluded California and has yet to be adjusted up from 7.8% but will be adjusted up (probably after the election)”

Totally different calculation. The monthly number is based on 60,000 random phone calls to the Sheeple about there personal employment situation. What a crock that is. U6 is a truer number of the situation. Especially when the Dept of Labor seems to use only Washington DC phone books for there RANDOM Household survey.

49 posted on 10/18/2012 6:16:56 AM PDT by DAC21
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To: John W

This is so high that shows we are in a depression. That should be the media headlines but instead the headlines have been that “the job market is improving , 7.8% blah blah blah” = LIES


50 posted on 10/18/2012 6:17:56 AM PDT by rurgan (Sunset all laws at 4 years.China is destroying U.S. ability to manufacture,makes everything)
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