And by next week, this 365K figure will be quietly revised up to 385K.
The number of U.S. workers filing new applications for unemployment benefits fell to its lowest level in a DAY, hour, second, nano-second..............
Yippee!!
I love how the newsmedia spins this. The numbers were actually worse for the last two weeks, and all of the sudden things are getting better.
So...we only had 365,000 people file first time UE claims. Question...what was the highest number during Bush’s presidency?
I predict the BLS will say 280K "new jobs", with the unemployment rate dropping to 8%, and the "media" will go into overdrive trumpeting the astounding results of 0bama's economic policies.
Not a shred of truth to those numbers, but truth be damned! There is a re-election to be won!
To be (quietly) revised up to 390,000 next week...
IMO, that 8.2% will be in the 7.x% by election time, due to zero’s fuzzy math.
“The prior week’s claims were revised to 392,000” !!!!
Forget all the spin this is really bad almost at that 400000 level
calling upon BS to lead us in song ... http://www.youtube.com/watch?v=fA8OmK3qslw
What would be unexpected is if Unemployment fell below 8% overall!
I guess that is setting the bar to high?
Otherwise, Obama’s economic numbers are calculated on a bell curve. plus if you deduct because of affirmative action...
Obama’s revised unemployment numbers are around 5.9%.
Happy Days Are Here Again!
http://www.youtube.com/watch?v=5dd-Un22DzA
Another Day in Paradise ... http://www.youtube.com/watch?v=MFnNMhTZ2AA&feature=related
Eric Holder commented on FoxNews this morning that the numbers for 15 straight weeks had been ‘revised upward’ shortly after the release of the initial weekly claims reports.
He speculated that some finagling and manipulating was going on with the numbers.
[Most of us on FR have suspected that since Obama took office. Some of use even long before that.]
From Zero Hedge.
All economic indicators are falling - the Obama Recovery in his fourth year!
4 week moving average of initial jobless claims ROSE. Manufacturing indices DOWN, consumer comfort DOWN, same store retail sales DOWN!
Ah, a Euro Socialist recovery!
Uh....I’m sorry...but....if we’re in a “”recovery””....
then why are companies still laying off...and why are unemployment applications still well over 300,000 every month?
Unexpected my @ss!
And where are the Republicans pointing out this rather obvious point, btw? Not even Missing In Action....more like Missing in Inaction, as usual.