Skip to comments.Jobless claims drop sharply in latest week
Posted on 10/11/2012 5:53:50 AM PDT by John W
WASHINGTON (MarketWatch) -- First-time claims for state unemployment benefits fell sharply in the latest week to their lowest level since February 2008, the Labor Department reported Thursday. The number of initial claims in the week ending Oct. 6 fell 30,000 to 339,000. The decline was unexpected.
(Excerpt) Read more at marketwatch.com ...
It’s absolutely amazing how everything is turning around for obama just in the nick of time. These numbers have consistently been between 350,000 and 400,000 since he took office.
Another source indicates this week’s data: “...may reflect difficulty adjusting the data for seasonal swings at the start of a new quarter.”
339,000 will be revised up, like it always is.
The government and media want us to believe that Obama has fixed the economy. We on freerepublic at least see the fraud this Obama marxist POS and the media are perpetrating.
Just like fund raising... He was sucking wind and then, magically, he sets a record.
They will fall even further when they report this week next Thursday because it is a 4 day week (Columbus Day). Then they will have 2 more to report before the phoney Labor Dept. numbers on Nov. 2nd.
According to the labor dept. one large state didn’t report some quarterly figures.
This will all be corrected on Thursday, November 8th. The bureaucrats will express shock that their numbers could have been so wrong.
That’s crazy. This is totally expected. All kinds of retailers were announcing a need for part-time seasonal help the last few weeks. Target was saying it’s hiring 3 times the normal numbers.
It’s a bunch of part-time seasonal hires, imho.
“Falling sharply” in my book means a drop of 100,000. At least now a drop is “unexpected.”
Everything is magically seasonally adjusted until after the election. We need a 2nd civil war. I’m tired of these government idiots and the media.
Surprise surprise surprise
I was expecting this when I discovered earlier today that these figures were going to be released.
Brings up to my mind, “Have you no shame, sir?”
We are in a depression with lowest workforce participation ever, homelessness exploding, incomes falling etc: Ryan and Romney need to hammer them with this fact that the percentage of adults working is the lowest ever in history.
These numbers reported by the government are a joke, fraud to be seasonally adjusted after the election.
Just 2 more Thursday manipulations.
I am betting they can get the number just under 300,000 the Thursday before the election.
After the election it won’t matter whether they have to revise UP by 100,000.
If Romney wins, he inherits the worst economy in US history.
If Obama wins, he will continue welding his ‘fundamental change’ into America.
The news that the numbers were “revised upward” in a few days will be lost, of course ...
From the Dept of We Made It UP.