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U.S. weekly jobless claims fall 1,000 to 367,000
marketwatch.com ^ | May 10, 2012 | Jeffry Bartash

Posted on 05/10/2012 5:53:50 AM PDT by John W

WASHINGTON (MarketWatch) - The number of Americans who filed requests for jobless benefits fell by a scant 1,000 last week to 367,000, the U.S. Labor Department said Thursday. Claims from two weeks ago were revised up to 368,000 from 365,000. Economists surveyed by MarketWatch had projected claims would total 365,000 on seasonally adjusted basis in the week ended May 5.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS:

1 posted on 05/10/2012 5:53:54 AM PDT by John W
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To: All

Recovery Spring?

Why doesn’t Dear Leader just write an executive diktat stating unemployment is illegal so anyone reporting themselves as unemployed will be jailed and sent to re-education camps.


2 posted on 05/10/2012 5:56:10 AM PDT by newnhdad (Where will you be during the Election Riots of 2012/2013?)
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To: John W

I suspect the number crunchers must have some idea of what the new numbers are before they “revise” those from the previous week. What was actually a 2K increase morphed into a 1K decrease. Hallelujah!!


3 posted on 05/10/2012 5:57:08 AM PDT by ScottinVA (Buying Drain-O requires photo I.D... so should voting!)
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To: John W

...wait....to be readjusted next week as always....


4 posted on 05/10/2012 5:57:40 AM PDT by Doogle (((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)))
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To: John W

Because the Democrats hired 1000 talk show seminar callers last week?


5 posted on 05/10/2012 5:58:46 AM PDT by Buckeye McFrog
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To: John W

Dang! Finally the economy is turning around. LOL! What happens when they revise the numbers next week? Oops! There they go again. UNEXPECTEDLY lower? How many times can people believe the “unexpected” claim? Puulleeeezzz!

Helping keep mankind warm for almost 65 years.


6 posted on 05/10/2012 5:58:45 AM PDT by rktman
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To: John W

Claims two weeks ago: 365k
Claims last week: 367k

An increase of 2k.

Is something wrong with my math?


7 posted on 05/10/2012 6:00:52 AM PDT by icwhatudo (This is not a choice between Romney&Reagan-Its between Romney & most radical leftist Pres in history)
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To: John W
If they are always falling in the media then why are there still almost 400,000 Americans filing for more jobless claims? And this is in a shrunken job market that mostly are government workers, workers in non profits (government grants), government contractors , all paid for by trillions in Obama debt.
8 posted on 05/10/2012 6:00:54 AM PDT by rurgan (Sunset all laws at 3 years. China makes everything taking U.S. ability to manufacture)
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To: icwhatudo
The media lies and lies again to get Obama reelected as the media lied against Palin to get Obama elected in 2008.
9 posted on 05/10/2012 6:01:58 AM PDT by rurgan (Sunset all laws at 3 years. China makes everything taking U.S. ability to manufacture)
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To: John W

10 posted on 05/10/2012 6:05:53 AM PDT by tomkat ( FU.baraq <font finger=middle>)
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To: John W
In the 'full article' on the linked website, we have this:


Revised up! .......... AGAIN.
11 posted on 05/10/2012 6:06:37 AM PDT by TomGuy
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To: John W

Is this the second or third “Recovery summer?” I forget.


12 posted on 05/10/2012 6:08:37 AM PDT by Huskrrrr
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To: icwhatudo
Is something wrong with my math?

Yes. In the full article, the 2 week previous number was revised up from 365k to 368k, resulting in a net increase of ONLY 1000, not 2000.

lol

More Fun with Numbers.
13 posted on 05/10/2012 6:10:17 AM PDT by TomGuy
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To: Huskrrrr

May be third or fourth.


14 posted on 05/10/2012 6:10:31 AM PDT by John W (Viva Cristo Rey!)
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To: icwhatudo
There's math. And then there's government math.

Last week's 365K number was revised to 368K so that this weeks' 367K claims number could be reported as having "beaten" expectations. Rah. Rah.

Now, when this weeks' number is revised upwards next week (and it will be), today's result will be revealed to have been be a "miss" - but by then, it will be down the memory hole, which is the whole point of the exercise.

15 posted on 05/10/2012 6:16:14 AM PDT by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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To: John W

The headline excludes a key word: “New”. These are NEW jobless claims.


16 posted on 05/10/2012 6:18:01 AM PDT by JaguarXKE
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To: icwhatudo

17 posted on 05/10/2012 6:19:19 AM PDT by C210N ("ask not what the candidate can do for you, ask what you can do for the candidate" (Breitbart, 2012))
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To: JaguarXKE

Noticed that. After various April data were released too many people were doing the “jobs created” vs. “new unemployment claims” math and the results weren’t very supportive of the president. Can’t have that.


18 posted on 05/10/2012 6:26:07 AM PDT by John W (Viva Cristo Rey!)
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To: andy58-in-nh

How convenient... Last week revised EXEACTLY by the amount it would take to show a loss this week.


19 posted on 05/10/2012 6:27:16 AM PDT by NE Cons
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To: John W

Once again, revised numbers last week, so media can report a ‘decline’ this week.

the deception rolls on.

O Must Go

Shellacking part II
Nov 2012


20 posted on 05/10/2012 6:27:25 AM PDT by Freddd (No PA Engineers)
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To: JaguarXKE

Looking beyond this headline, having trouble finding “new” in this week’s headlines on this anywhere. It’s in some articles, but, not all of them either. How dumb do they think people are?


21 posted on 05/10/2012 6:29:46 AM PDT by John W (Viva Cristo Rey!)
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To: John W

I knew it!!! They revised last week’s up, so they could report the claims dropped.

Just amazing.


22 posted on 05/10/2012 6:42:40 AM PDT by Tulane
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To: John W

There aren’t so many people who have a job. So the number who lose jobs necessarily falls.


23 posted on 05/10/2012 7:47:55 AM PDT by Redmen4ever
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To: Huskrrrr

June 17, 2010
Recovery Summer 2010
http://www.conservapedia.com/Recovery_Summer_2010


24 posted on 05/10/2012 1:00:55 PM PDT by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
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To: rurgan

Your observation is spot on, Government can’t create jobs, it can only spend money that must first be earned in the private sector.

There are no new ideas, Democrats have avoided the simple economics of improving the private sector and spent the money, wasting the job opportunities that would have been created in the private sector.


25 posted on 05/10/2012 1:07:03 PM PDT by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
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To: Son House

Yeah government jobs, non profit jobs( government grants), government contractors ( again from more government funding), all these “Jobs” produce nothing but trillions in more debt which will lead to U.S. collapse.

I hate Owebama and it’s 5 trillion that it piled on top of us (U.S).


26 posted on 05/12/2012 2:09:56 AM PDT by rurgan (Sunset all laws at 3 years. China makes everything taking U.S. ability to manufacture)
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