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 ...
Well, I'd say that's a good bet!
I can smell DC from my house (in Texas!)
California did not include their data in this report.
LLS
I’m betting that it was CA which has not given their numbers this week but as far as we know it's a big state which has withheld their numbers this week.
The media will report this as good news and yet not inform the public how this is an incomplete report and not included all states.
There has to be an investigation into who is doing these numbers and these cover ups, fast and furious, Libya, shooting of a border agent, family can;t get answers, green energy pay off to donors, and now these numbers last week and now this week and OF COURSE HOW THIS MEDIA HAS WORKED FOR YEARS WITH THIS WHITE HOUSE TO LIE AND COVER FOR THEM
one big state has with held their numbers and thus this is an incomplete report and not included all states.
So what we can be looking at besides a cover up and lies is the numbers could be over 400,000 claimed first time and that is why these numbrs were with held because how can they say unemployment down but claims up
A friend that should know told me it is California... moonbeam helping obamao.
LLS
Happy times are here again. 339,000 people lost their jobs!
At least CNN admits it’s due to an issue with one state’s numbers:
“Much of the drop last week was caused by an anomaly, a Labor Department analyst told CNNMoney. One state posted a large decline in claims, which is not typical during the last week in September.”
A friend that should know told me it is California... moonbeam helping obamao.
LLS
Was it New York? From the report:
“Extended Benefits were only available in New York during the week ending September 22.”
http://www.dol.gov/opa/media/press/eta/ui/current.htm
I heard the same garbage on the news.
How do you throw out a report like this and say one “large” state didn’t supply data, and not even mention which state it is?!!
DAMN... These reporters sure go ALL OUT when trying to get the facts, don’t they?!
the Labor Department said that “one large state didn’t report some quarterly figures.”
I agree - the corruption is rampant and blatant. Yet obama’s running a point ahead of Romney in the latest Rassmussen poll. I am really nervous about where this country is headed.
This isn't all that surprising. First, it's seasonal hiring time again but those jobs vanish at year's end. Also, to claim unemployment you have to be eligible for benefits. Thousands, if not millions, exhausted their unemployment benefits. At some point even a lackluster economy stops shedding jobs in large numbers, but are those people getting hired or did they give up? The real problem is the official numbers lie because it totally ignores the labor participation drop.
Lets not forget voter fraud too and how that is reported.
The media make it out that it;s alright to just vote and not have proof of who you and republicans are bad people and yet they never point out the voter fraud, the corruption and how illegals etc are voting
Motorola, headquartered in a Chicago suburb, just laid off 4000 in one fell swoop......including my nephew.
Leni
when you don;t count one large state and then have an incomplete report on these numbers then of course the numbers look better.
Hearing that CA did not submit their first claim numbers this week, so here we go again just before na election.
Fudged numbers, CA helping to get their messiah elected and the obama cult will run around saying how this number is good but ignore how a big state did not een give their numbers on this report
From Business Insider:
It Looks Like The Huge Drop In Jobless Claims Was All Due To One Mystery State
Sam Ro | 11 minutes ago | 995 | 3
Earlier this morning, the Bureau of Labor Statistics reported that initial jobless claims plunged to 339K from 369K a week ago.
Economists were looking for a reading of 370k.
Immediately, Twitter exploded with tweets mocking Jack Welch, who claimed last week’s jobs report was fixed to artificially drop the September unemployment rate.
But there maybe something wrong with the data. From Bloomberg:
One state accounted for most of the plunge in claims, a Labor Department spokesman said as the data were issued to the press.
Initially, rumors started circulating that that an entire state’s worth of jobless claims was excluded.
The BLS was not immediately available to comment.
However, CNBC’s Kelly Evans is reporting that the discrepancy is that “one state did not process & report its typical seasonal workload” and that a rebound next week is likely.
We will update as we get more details.
Read more: http://www.businessinsider.com/jobless-claims-impacted-by-one-state-2012-10#ixzz2905t8HPL
One large state did not report quarterly numbers. I wonder which Obama-loving state that was.
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