Skip to comments."Seasonal Adjustment" Swings Initial Jobless Claims From 6-Month Highs To Cycle Lows
Posted on 07/17/2014 3:15:10 PM PDT by Perdogg
Once again we were spot on.
Because as the DOL just reported, yet again the fate of the US economy is left to seasonal adjustments. Non-seasonally-adjusted initial jobless claims surged over 47,000 this week to its worst in 6-months. But by the magic of PhD adjustment, this translated into 3,000 seasonally-adjusted drop from last week, beating expectations and printing near 'recovery' cycle lows. We can only imagine the adjustments needed to cope with Microsoft's layoffs. 2014 has seen the smallest percentage drop in initial claims since the crisis began.
(Excerpt) Read more at zerohedge.com ...
The recovery is over there, just beyond the horizon. Just keep looking.
I’ve been looking for the past 6 years.
Well, inflation is very low.
If you don’t include increases in energy (electricity), gasoline, heating oil and natural gas, food, clothing, shelter (because housing prices are still low - right?) and incientals or luxury items (that nobody has enough to buy -> so prices are still low, right?) .....
Bullsh!t served up on a government silver platter for your intellectual dining pleasure.