Skip to comments.US economy expanded in fourth quarter; jobless claims tumble
Posted on 03/27/2014 6:34:13 AM PDT by SeekAndFind
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week and touched its lowest level in nearly four months, suggesting the labor market was strengthening.
A separate report showed U.S. economic growth was a bit faster than previously estimated in the fourth quarter, displaying underlying strength that could bolster views that the slowdown in activity early in the year would be temporary.
Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 311,000, the lowest level since November, the Labor Department said on Thursday.
Claims for the week ended March 15 were revised to show 1,000 more applications received than previously reported. Economists polled by Reuters had forecast first-time applications for jobless benefits rising to 325,000 in the week ended March 22.
(Excerpt) Read more at cnbc.com ...
I love the repeated use of the word “unexpectedly”.
Which - of course - means they don’t know what the h*ll they’re talking about.
It would appear that economists are even less schooled in their discipline than are climate scientists.
Although both are in keen competition to use the word “unexpected” most often.
In both cases, math is not their friend.
If you believe this crap, I have a nice bridge in Brooklyn for sale real cheap. . . .
Hey, just in time for campaign season!
Who you going to believe? Obama’s government statisticians or what you see with your own eyes. Remember Mark Twain’s famos quip. There are lies, there are dam lies and then there are statistics.
“The number of Americans filing new claims for unemployment benefits unexpectedly fell last week and touched its lowest level in nearly four months, suggesting the labor market was strengthening.”
If so, it’s only because everyone has already been fired, run through their unemployment, and fallen off the end of the world.
So few people are working that only a very few are getting fired.
It’s all true. A flying pig told me so.
No job report can be released without that word now.