Skip to comments.U.S. jobless claims fall 23,000 to 369,000
Posted on 10/25/2012 6:02:48 AM PDT by John W
WASHINGTON (MarketWatch) - Applications for U.S. unemployment benefits fell by 23,000 to a seasonally adjusted 369,000 in the week of Oct. 14-20, the Labor Department said Thursday, in line with market expectations. Initial claims from two weeks ago were revised up to 392,000 from an original reading of 388,000, based on more complete data collected at the state level.
New claims have jumped up and down over the past three weeks because of seasonal quirks and other technical problems with the government's weekly data, mainly involving the state of California. The four-week moving average, which smoothes out volatility in the weekly reports, was little changed, rising 1,500 to 368,000.
(Excerpt) Read more at marketwatch.com ...
In other words, It is 368,000 before they adjust it up........again.
Can’t wait for next week’s. Anyone want to get in some action about whether it goes down to 200,000? Or do y’all think by this time Obama couldn’t care less what the number is?
So unemployment will be what?? 5.3%?
They don’t count people who’ve stopped looking for work. O is trying to make the numbers look good just before the election.
His numbers are as fake as are his claims about an economic recovery.
All I know is that Mitt is going to enter office with double-digit unemployment after they are done unwinding the fibs and “correcting” the numbers.
seasonal quirks my ass.
It’s happening because of the Communist bastards that run the state offices where these numbers come from.
It’s gonna take decades to ferret out these rat bastards and the Islamic plants Zero put in place in our government.
“All I know is that Mitt is going to enter office with double-digit unemployment after they are done unwinding the fibs and correcting the numbers.”
I told someone yesterday that in one year the headline will be unemployment hit 6% today The worst economy in the last 100 years, people are dieing in the streets, no one is looking for work.
So which state withheld information this month...California, New York?
Still the same basic numbers for the past 4 years — between 350,000 and 400,000. Never has it gone down to 300,000. Same old — same old.
When the really goofy low of 334,000 a couple of weeks ago came out, everyone was skeptical.
One thread poster said that Colorado is over 2 MONTHS behind in processing their unemployment claims. That would mean that funds that Colorado is holding that are for unemployment claims are making interest for Colorado & are not stimulating the economy of that state, and keeping families above water. If so, that should draw a complete investigation of the methods that Colorado is using for processing their claims. How can an unemployed person go 2 or more months without their payments?
If so, I would bet that other states are also behind, so whatever number we get is a number we cannot believe.
All of this applies BEFORE Obama & his henchmen tinker with all the data.
This is the beginning period of season jobs
It will be much, much closer to "0%"
Reuters: “The prior week’s figure was revised slightly higher to show 4,000 more applications than previously reported.”
Eric Bolling had an interesting commentary this morning on Fox&Friends.
He showed, based on the monthly averages (September and October), that there is a 342,000 discrepancy between the 456,000 drop in joblessness claims and the 114,000 new jobs created.
His suggested looking at similar stats in the recent history of the reports to see whether previous reports showed similar discrepancies. He suggested that, if there are similar discrepancies (such as 342,000 just disappearing from the overall statics for one monthly averaging) that Congress should investigate the BLS.
I’m going with alien abductions. Those Alpha-Centarians are probably doing it. They find some unsuspecting unemployed person walking their dog in the middle of the afternoon and ZAP! Gone!
Anyone who knows anything about statistics will tell you that these weekly change in the numbers man nothing. Its all variability. Longer term trends are meaningfull and it seems the trend is essentially flat. Not increasing or decreasing in a meaningful way.
Right. Still at a horrible, historic high level.
We also need to point out that we stemmed some of the bleeding by electing Republicans to control of the House in 2010. The problems started in 2006 when Democrats took control of the House. After 2010, the threat of anti-business, economy-killing legislation was pretty much curtailed. So we’ve been flat-lining. We won’t be able to rebound until we get Obama out of the way and can overturn his garbage and get pro-economy legislation passed.
Of course that is with the exception of the expiring tax cuts and the full implementation of Obamacare. We’re flat-lining in part because people don’t know if those will be overturned or not. The economy will take another hit if Obama survives and those don’t get overturned.
Fed X and Fitzgerald’s people have yet to be added to the list as they are in the process of buying out or laying off employees as I type. Casino use is way down, and MS is complaining about the loss of tax revenue. Especially Tunica County.
On the Memphis ballot are TWO tax hikes...VOTE NO! The one supposed to fund K-5 goes to General Fund, not a designated fund. You all know once it hits the GF it is any ones to grab.
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