Upward revision due out next week?
Of course they will ignore this report next week when the numbers are adjusted above the 400,000 mark once again.
Ahem. Jobless claims have to drop below 200,000 a month to get the economy going so we can increase employment, and accomodate all of the new people just entering the job market.
The Hill’s way off. Surprise!
Have you noticed that every week, they revise the previous week UP and then quote the drop from that number? The 397,000 this week will probably be revised up to 400,000 next week and then if that week is 398,000 it will be reported as a 2000 DROP instead of a 1000 INCREASE. Who do these guys think they are kidding?
♪ Happy days are here again. The skies above are clear again.....♪
The MSM is positive that everything is just swell and the odor of the WH version of the Titan Arum really isn’t that bad.
OK, so
I tried to make sense of this intentional gobbledygook to see how obama writers are obfuscating reality
From last week (Bloomberg)
http://www.businessweek.com/news/2011-10-27/jobless-claims-in-u-s-decreased-2-000-last-week-to-402-000.html
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Oct. 27 (Bloomberg) — Fewer Americans filed applications for unemployment assistance last week, while those on benefit rolls dropped to a three-year low, signaling limited improvement in the labor market.
First-time jobless claims decreased by 2,000 to 402,000 in the week ended Oct. 22, Labor Department figures showed today in Washington. The median forecast of economists in a Bloomberg News survey called for a drop to 401,000. The number of people collecting unemployment benefits fell in the prior week by 96,000 to 3.65 million, the fewest since September 2008.
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OK, so this report TODAY indicates that last week’s report of “402,000” that was touted as “a drop of 2,000 from the previous week” was a LIE.
Now we see that last week’s figures were revised UPWARD to 405,600. So all the hype about last weak being a drop was a LIE
Anyone want to guess that next week, today’s figures will again be revised (unexpectedly) above 400K?
And Jaysus, this “400+K a week” is getting old. When is the last person in America going to file for first time unemployment?
And, so......next week they will be revised upward to some number over 400,000, just as last week’s numbers were. These numbers folks have been over 400,000 per month since April, 2011!!! Anyone that believes this jive is only fooling themselves.
In other news - Swampland for sale on a bayou in Mississippi!
Anyone who believes the government's unemployment figures will believe anything.
One prediction: The closer we get to the election next year, the better the unemployment figures will look - another "miracle" wrought by "The One" - Barry Hussein 0bama. /sarc
FUBO GTFO! 444 Days until Noon Jan 20, 2013