Skip to comments.U.S. jobless claims fall; reading clouded by processing snafu
Posted on 09/12/2013 5:50:45 AM PDT by Oldeconomybuyer
The number of new U.S. jobless claims fell sharply last week but much of the decline appeared due to technical problems in claims processing, clouding the last major reading of labor market health before a Federal Reserve meeting.
Initial claims for state unemployment benefits slipped 31,000 to a seasonally adjusted 292,000, the Labor Department said on Thursday.
That was the lowest level of claims since 2006, confounding analysts' expectations for a mild increase.
But a department analyst said the majority of the decline appeared to be because two states were upgrading their computer systems and did not process all the claims they received during the week. One of the states was large and the other small, the analyst said.
(Excerpt) Read more at reuters.com ...
Its all smoke and mirrors, nothing is real and thats by design!
The real surprise is Rooters reported it.
The drop was largely because of 2 states, and not one article I’ve found is willing to name those states.
My guess is:
Large = California or New York
Small = Some state that isn’t really small except in comparison to California or New York
The O’Bozo administration can’t even cheat without screwing up the basic math.
Diversity - Celebrate It!! (It’s no good for anything else)
They can’t process unemployment claims correctly after more than 50 years of experience.
0bamaCare should be fun!
Thanks for that indepth investigative reporting, Reuters.
Wow, they actually reported it this time, rather than the ignoring California’s four day shutdown of processing of unemployment claims from a month ago.
Whee! Look! Everything’s better!
Umm, and how many this week are now under the magic 30 hours a week? Really wish that they had to publish that number each week - how many people are losing their full time jobs to ObamaCare...
Oh well, I guess we’re never going to see a month with extra states...
other than the full complement of 57, of course!
Not to mention Labor Day fell in that week. Doesn’t this happen with EVERY Federal holiday; is it really that UNEXPECTED???
How convenient now that all the seasonal workers and obomacare victims are getting the boot.
The numbers must be REALLY bad right now.
Was it "incredibly small?"
Since this data is invariable used for comparison with former periods, when is it ever right to knowing publish incomplete information?
The liberal local Austin, TX news at noon was reporting claims dropped. Not a peep about two states numbers not in. Typical.
It seems every error or miscount always favors the regime - which of course can’t happen by accident.
Like flipping a coin, there should be favorable and unfavorable skewed reports if the miscounts were truly random errors.
And other people without jobs are falling off the rolls altogether.
I would love to get that bunch of genius “analysts” in a locked room with a rubber bat. We’d start off with simple math lessons. Then we’d have a session on “reality”. Maybe we’d have a tutorial on avoiding lying thru ones teeth. Progressing to the chapter on “making krap up” I’d finish with guidance of observing the real world, and after a round of head slaps, a suggestion that the next bat wouldn’t be rubber.-—————————It’s not bragging if you’ve already done it. SEMPER FI