Posted on 04/26/2012 5:39:05 AM PDT by Reagan69
The number of Americans who filed requests for jobless benefits was virtually unchanged last week at 388,000, the U.S. Labor Department said Thursday, keeping claims near their highest level of 2012. Claims from two weeks ago were revised up to 389,000 from 386,000.
(Excerpt) Read more at marketwatch.com ...
This is the 15th week in a row they have readjusted the prior weeks numbers to show a drop ! When it is actually an increase.
How “unexpected” !
Submitted by Tyler Durden on 04/26/2012 08:39 -0400
Recall what we said less than an hour ago: "what will most likely happen is a print in the mid to upper 380,000s, while last week's number will be revised to a 390K+ print, allowing the media to once again declare that the number was an improvement week over week. In other words, SSDD." SSDD it is: last week's 386K number was revised to 389K, meaning the massive miss relative to expectations of 370K last week just got even worse. This is the 10th week in a row of misses to the weaker side and the 16th of the last 18. And while this week's miss was whopping as usual, with expectations of 375K being soundly missed after the print came at 388K on its way back to 400K, the media can sleep soundly because the absolute lack of BLS propaganda means that the sequential progression is one of, you got it, improvement. In other words here is what the headlines in the Mainstream Media will be: "Initial claims improve over prior week." In fact here it is from Bloomberg: "U.S. Initial Jobless Claims Fell 1,000 to 388,000 Last Week." Absolutely brilliant.No propaganda. No data fudging. No manipulation at all. Just endless laughter at the desperation.
As the lower pane shows, 16 of the last 18 weeks has seen misses to the upside (worse) for claims are at the year's highs...
Our aggregate measure of all claims has now risen gently for the last month...
you are surprised that they would cook the books? Really????
Why else would Chairman Ben have felt confident to predict unemployment below 8% by the end of the year?
ol’ zerohedge gets it right again.....
“How “unexpected” !”
The new dialogue is “greater than projected.”
The reassuring remark was carefully designed and thrown out over the air waves to quell any unrest/apprehension within party ranks.
Leni
For whatever its worth my ‘Malwarebytes’ does not like your link to the website. Hmmmm...
“Employers added 120,000 new jobs to their payrolls in March, the least since October, after averaging 246,000 jobs per month over the prior three months. “
http://www.cnbc.com/id/47186701
Sorry, it’s not my site. Just linking to the work he did. I have not had a problem going to that site.
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