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U.S. jobless claims unchanged at 370,000
marketwatch.com ^ | May 17, 2012 | Jeffry Bartash

Posted on 05/17/2012 5:36:22 AM PDT by John W

WASHINGTON (MarketWatch) - The number of Americans who filed requests for jobless benefits was unchanged last week at 370,000, the U.S. Labor Department said Thursday.

Claims from two weeks ago were revised up to 370,000 from an initial reading 367,000.

Economists surveyed by MarketWatch had projected claims would fall to 365,000 on seasonally adjusted basis in the week ended May 12.

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


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: jobless; recovery; unemployment; unexpected

1 posted on 05/17/2012 5:36:30 AM PDT by John W
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To: John W

Sorry, didn’t mean to double post.

The numbers actually went UP.


2 posted on 05/17/2012 5:39:47 AM PDT by Reagan69 (I supported Sarah Palin and all I got was a lousy DVD !)
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To: John W; SeekAndFind; Nachum

So, they actually rose, but technically unchanged. I guess we are still at war with Eastasia.


3 posted on 05/17/2012 5:40:39 AM PDT by Perdogg
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To: John W
The number of Americans who filed requests for jobless benefits was unchanged last week at 370,000, the U.S. Labor Department said Thursday.

Claims from two weeks ago were revised up to 370,000

Translation: Jobless claims were up 6,000 but reporting that would make Obama look bad so we will report the number was unchanged but raise the prior report that nobody pays attention to by 3,000 instead. Then in a week or two we will quietly revise this report upward by another 3,000 to make up the rest of the 6,000 increase.

4 posted on 05/17/2012 5:40:51 AM PDT by apillar
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To: John W

Claims from two weeks ago were revised up

I predicted that, and I don’t even have a crystal ball.


5 posted on 05/17/2012 5:41:48 AM PDT by TomGuy
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To: John W

I love it - “unchanged” relative to earlier numbers that were “changed”, “changed” upwards” if the previous numbers had been “unchanged”!

It’s nice to know that the Bureau of Labor Statistics has started hiring those guys who do the three-card monte bit on Lexington Avenue!


6 posted on 05/17/2012 5:41:48 AM PDT by Stosh
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To: John W

7 posted on 05/17/2012 5:43:28 AM PDT by tomkat (:^)
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To: TomGuy

Even a blind man could see it coming!


8 posted on 05/17/2012 5:43:44 AM PDT by Bushbacker1 (I miss President Bush! 2012 - The End Of An Error! (Oathkeeper))
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To: Stosh

They had to emphasize ‘unchanged’ so that they can revise up in two weeks, meaning today’s numbers are probably actually a bit higher than last week’s numbers.


9 posted on 05/17/2012 5:45:26 AM PDT by TomGuy
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To: John W

Totally unexpected.


10 posted on 05/17/2012 5:47:29 AM PDT by AmonAmarth (Wherever you go...There you are)
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To: John W

Whew...instead of things getting worse, at least they are “unchanged” /s Too bad there isn’t a Wall Street “index of economist expectations”. We could all be rich betting against their expectations. They always seem to always be on the wrong side of the issue. “Ooops, missed the trend again this week, but next week, hey.... that’s when things really start improving...this time we mean it”


11 posted on 05/17/2012 5:48:01 AM PDT by E-2K
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To: AmonAmarth

*drink*


12 posted on 05/17/2012 5:52:49 AM PDT by Perdogg
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To: Perdogg

*Bottoms up*


13 posted on 05/17/2012 5:55:30 AM PDT by AmonAmarth (Wherever you go...There you are)
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To: John W

The incompetence of the current regime remained unchanged.


14 posted on 05/17/2012 6:02:32 AM PDT by Mike Darancette (The longer you hold tiger by the tail, the hungrier he gets.)
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To: John W
These are NEW jobless claims. Eventually this number will go to zero when no one has a job and there are none to be had. This statistic may mean something when it is increasing, but it seems mostly meaningless to me.

ML/NJ

15 posted on 05/17/2012 6:20:34 AM PDT by ml/nj
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To: John W

It’s sure a good thing the number isn’t, like, big.

Thank you, Mr President, for your kindness and mercy to your citizens.


16 posted on 05/17/2012 6:24:36 AM PDT by lurk
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To: John W

RE: 370,000

I remember VERY CLEARLY it was reported as 367,000 last week. So, they revised it upwards this week (again ).

Who’s going to bet that this week’s 370,000 will be revised UPWARDS next week?

Notice when they revise the jobless claims figures, they ALWAYS revise it UPWARDS, never DOWNWARDS.


17 posted on 05/17/2012 6:24:46 AM PDT by SeekAndFind
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To: Reagan69
The numbers actually went UP.

Had to be because of the unseasonably warm weather.

18 posted on 05/17/2012 6:33:38 AM PDT by skeeter
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To: SeekAndFind

Claims 3 weeks ago: 365k
Claims 2 weeks ago: 367k
Claims last week: 370k

But due to “revisions”, the news headlines say that the numbers have been steady or declining.


19 posted on 05/17/2012 6:39:14 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: Perdogg

We have ALWAYS been at war with Eastasia.

The numbers are SO bad, The Big Media BObots can’t even claim they dropped by a thousand, and they usually only revise the previous week up by a thousand or so.

FU Big Media!


20 posted on 05/17/2012 6:41:27 AM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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To: Perdogg

No, no, no, Eastasia is our friend now, you must hate Eurasia.........


21 posted on 05/17/2012 6:44:02 AM PDT by Red Badger (Think logically. Act normally.................)
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To: ml/nj
These are NEW jobless claims

Goes unmentioned all the time. These things are written to make the casual reader believe only 370,000 people are looking for jobs.

22 posted on 05/17/2012 6:45:35 AM PDT by j_tull (Massachusetts once lead the American Revolution. Under Mitt Romney, it lead the demise.)
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To: Red Badger

Thanks for clearing that up.


23 posted on 05/17/2012 6:56:52 AM PDT by Perdogg
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To: All

The Market Watch headline just now-U.S. stocks decline again on Europe’s troubles.


24 posted on 05/17/2012 6:58:43 AM PDT by John W (Viva Cristo Rey!)
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To: Perdogg

That’s okay, you can make it up by screaming louder during the next Two Minutes Hate session............


25 posted on 05/17/2012 7:02:36 AM PDT by Red Badger (Think logically. Act normally.................)
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To: John W

Here was how our local news (radio-KTRH) reported it: “Stocks are down right now. Concerns about Europe overshadowing a promising jobs report.”


26 posted on 05/17/2012 7:06:44 AM PDT by NELSON111
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To: NELSON111

That’s incredible.


27 posted on 05/17/2012 7:08:24 AM PDT by John W (Viva Cristo Rey!)
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To: John W

I would love to see a simple graph of how consistently the BLS low-balls the number as adjusted later, a plot of two traces, one the initial reports and the other the “revised” numbers.


28 posted on 05/17/2012 7:38:27 AM PDT by Carry_Okie (The RNC would prefer Obama to a conservative nominee.)
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To: John W
About a month ago, I added up all the "revised" numbers of the previous 15 weeks. 92,000 claims went unreported. People don't know about these "secret" unemployed people.
That was about a month ago. I'm not sure how high the number is today.
29 posted on 05/17/2012 7:40:48 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: John W

“Continuing claims increased by 18,000 to a seasonally adjusted 3.27 million in the week ended May 5.”

This is exactly opposite of a growing economy.


30 posted on 05/17/2012 7:42:43 AM PDT by tobyhill (Conservatives are proud of themselves, Liberals lie about themselves)
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To: icwhatudo; Titan Magroyne

These numbers don’t include the 250,000+ whose extended federal benifits were suspendend this month due to the April “improved” (skewed) numbers (before the revisions). Those 250,000+ unemployed workers are SOL and cannot make a continued claim, their 79 weeks of compensation are up, so they are no longer counted as either claimants or as unemployed, but they do count as part of the decline in claims. The truth is out there, but you won’t find it in the news media or from the government bean counters.


31 posted on 05/17/2012 7:52:46 AM PDT by Drumbo ("Democracy can withstand anything but democrats." - Jubal Harshaw [Robert A. Heinlein])
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To: NELSON111
Just to be a devil's advocate - you COULD call this report accurate.

I think the market has long since discounted a contuing sluggish economy. It's a long stretch to call this one "promising" (the only thing it is promising is a continuation of a unusually long and deep recession), but it's no surprise to any investor with his eyes open.

The European crisis IS overshading the, more or less, status quo at home. Although I think most investors anticipated there would be continuing problems in Europe; how those problems will play out is in flux. Wall Street hates uncertainty.

With the huge JP Morgan loss, there may be concern about American financial institutions exposure in the event of a Euro crash. But, my lord, why is the administration jumping up and down about Morgan? So far as I have heard, they lost a great deal of their own money - that's between them and their stockholders. What about Courzine and the devestation of innocent investors through illegal activities? That's where the government should be involved and, like, enforce the law maybe?

Tell me if I'm missing something ...

32 posted on 05/17/2012 7:55:56 AM PDT by In Maryland (Liberal logic - the ultimate oxymoron!)
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To: Drumbo

Looks like the Consumer Confidence numbers released today weren’t very good. Obama SHOULD have a very, very tough road to re-election.


33 posted on 05/17/2012 7:57:23 AM PDT by John W (Viva Cristo Rey!)
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To: Stosh

You should try the new Bureau of Labor Statistics diet. You can eat double food stamps (ask Leteesha how) and always lose weight every week! The seasonal adjustment tables are wonderful around Thanksgiving, Christmas, and the first of the month.


34 posted on 05/17/2012 7:57:48 AM PDT by Reeses
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To: Reeses

More bad news as the day goes on-—

Philly Fed factory index turns negative
Manufacturing activity shrinks in May for first time since September


35 posted on 05/17/2012 8:14:45 AM PDT by John W (Viva Cristo Rey!)
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To: In Maryland
... you COULD call this report accurate.
If a cat has kittens in an oven, you COULD call them biscuts, it doesn't make it so.
36 posted on 05/17/2012 9:50:28 AM PDT by Drumbo ("Democracy can withstand anything but democrats." - Jubal Harshaw [Robert A. Heinlein])
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To: John W

TWO weeks ago???

These numbers are issued EVERY week, and the revisions for the PRIOR week are issued on the same day.


37 posted on 05/17/2012 9:54:43 AM PDT by ridesthemiles
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To: NELSON111

-—Stocks are down right now. Concerns about Europe overshadowing a promising jobs report.”——

LOL!


38 posted on 05/17/2012 9:56:40 AM PDT by St_Thomas_Aquinas (hViva Christo Rey!)
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To: ridesthemiles

Think they consider what was released today as from one week ago.


39 posted on 05/17/2012 9:58:38 AM PDT by John W (Viva Cristo Rey!)
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To: Drumbo

HEy, I was just thinking about that brilliant piece of rettrick this morning.


40 posted on 05/17/2012 12:44:29 PM PDT by ichabod1 (Cheney/Rumsfeld 2012)
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To: All

“Uhh, Valarie? ‘Hope-n-Unchange’ doesn’t quite cut it, if you get my drift.”


41 posted on 05/17/2012 3:18:05 PM PDT by dread78645 (Evolution. A doomed theory since 1859.)
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To: John W

We need to re-elect Obama otherwise a horrible RINO will take office. Go ahead and condemn a whole generation to financial ruin.


42 posted on 05/17/2012 7:13:51 PM PDT by arrogantsob (Obama must Go.)
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Click the link.
The Republic you save may be your own.


43 posted on 05/17/2012 7:31:20 PM PDT by RedMDer (https://support.woundedwarriorproject.org/default.aspx?tsid=93)
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To: icwhatudo

Longer view:

March 15: Reported - 351,000, Revised - 353,000
March 22: Reported - 348,000, Revised - 364,000 Reported - down, Actual - up
March 29: Reported - 359,000, Revised - 363,000 Reported - down, Actual - down
April 05: Reported - 357,000, Revised - 367,000 Reported - down, Actual - up
April 12: Reported - 380,000, Revised - 388,000 Reported - up, Actual - up
April 19: Reported - 386,000, Revised - 389,000 Reported - down, Actual - up
April 26: Reported - 388,000, Revised - 392,000 Reported - down, Actual - up
May 03: Reported - 365,000, Revised - 368,000 Reported - down, Actual - down
May 10: Reported - 367,000, Revised - 370,000 Reported - down, Actual - up
May 17: Reported - 370,000, Revised - TBD Reported - no change, Actual - TBD

The pattern of manipulation is all but obvious.


44 posted on 05/17/2012 7:39:40 PM PDT by bluecat6 ( "A non-denial denial. They doubt our heritage, but they don't say the story is not accurate.")
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To: bluecat6

/bump to you


45 posted on 05/17/2012 9:44:10 PM PDT by MaxMax
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To: In Maryland
"With the huge JP Morgan loss, there may be concern about American financial institutions exposure in the event of a Euro crash. But, my lord, why is the administration jumping up and down about Morgan? So far as I have heard, they lost a great deal of their own money - that's between them and their stockholders. What about Courzine and the devestation of innocent investors through illegal activities? That's where the government should be involved and, like, enforce the law maybe? "

Because Corzine reportedly dumped all that MF Global cash into JPM...

46 posted on 05/18/2012 4:11:32 AM PDT by StAnDeliver (=)
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To: bluecat6

Longer view:

March 15: Reported - 351,000, Revised - 353,000
March 22: Reported - 348,000, Revised - 364,000 Reported - down, Actual - up
March 29: Reported - 359,000, Revised - 363,000 Reported - down, Actual - down
April 05: Reported - 357,000, Revised - 367,000 Reported - down, Actual - up
April 12: Reported - 380,000, Revised - 388,000 Reported - up, Actual - up
April 19: Reported - 386,000, Revised - 389,000 Reported - down, Actual - up
April 26: Reported - 388,000, Revised - 392,000 Reported - down, Actual - up
May 03: Reported - 365,000, Revised - 368,000 Reported - down, Actual - down
May 10: Reported - 367,000, Revised - 370,000 Reported - down, Actual - up
May 17: Reported - 370,000, Revised - TBD Reported - no change, Actual - TBD

The pattern of manipulation is all but obvious.
**********************************************************

Great way to present it bluecat6. At least it gives Rush a steady reliable stream of silliness to report on & make fun of.

And the corrupt Obamamite Bureau of Labor Statistics bureaucrats don’t think we’re on to them.


47 posted on 05/18/2012 10:49:41 AM PDT by House Atreides
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To: Red Badger

My LOUD Scream:

DUMP ROMNEY and replace him with a stellar Dark Horse.

IF Romney is probably going to lose to Obama, THEN it is incumbent upon the RNC to intervene and declare an OPEN Convention, regardless of the Primary delegates that Romney has.

Continued accumulation of Primary delegates in the remaining State Primaries is the key to improving Paul’s chances of forcing the GOP-E to hold an OPEN Convention in Tampa.

Paul will then have completed his main task in this Primary: giving the delegates the freedom to DUMP ROMNEY!

My goal is to defeat the insanity of Keyensian Economics in “both” of our very sorry political parties THIS YEAR!

This can be accomplished by the Delegates choosing a stellar Dark Horse Nominee, such as R-Rep. Allen West of Florida, to slaughter Obama in a November Landslide.

It is not enough to beat Obama, he must be smashed in a huge landslide to repudiate his Marxist ideas for America!

Romney is not Warrior enough to do so.

The key is to FORCE the GOP-E to allow for an OPEN Convention in Tampa. Without an OPEN Convention the SOS of INSANE Federal Over-Spending will keep America on the same crowded track with Greece, and Kalifornia.

There are over 15, 000, 000, 000, 000 reasons why spending more money this year than was taken in during the previous year is an INSANE path to financial destruction.

Neither Obama or Romney have presented a plan to spend our Federal dollars in a non-insane manner.

For example, the GOP Elite have stood in line to endorse Romney, to endorse “The Ryan Budget,” and to compromise-away every opportunity to reduce Federal Spending.

I included the Ryan Budget, because Rep. Paul Ryan himself says that his “Budget” will balance in 30 YEARS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

BTW, I added those exclamation points, because both you and I know that Ryan’s budget will NEVER balance, and thus will never be a fact. The exclamation points are just for volume emphasis.

______________________

The main point of my post is as follows: In order to DUMP ROMNEY there must be an OPEN, or “Bartered” Convention.

Ron Paul, Santorum and Newt are our best hopes to achieve an OPEN Convention because they have the most Delegates to force the Romney Delegates to approve of an OPEN Convention.

Since RP is the only active Candidate left standing, he has the best chance of forcing the RNC to have an OPEN Convention in Tampa.

With an OPEN Convention, NONE of the Primary Candidates stand a chance of becoming the Nominee, except Romney.

That possibility must be countered by a stellar Dark Horse, that is someone that has not run in this years Primary Campaign.

Otherwise Romney will follow the same stupid path as McCain and lose to Obama “much to the surprise of the GOP-E.”

Ron Paul, Santorum and Newt were rejected by Primary voters, and would be re-soundly rejected by the voters in the National Election. Thus, their main value is to force an OPEN Convention.

The Convention Delegates then would have a chance to choose a Nominee who could easily defeat Obama.

I had earlier supported R-Sc Sen. Jim DeMint, but he will not leave the Senate. Now I support R-Fla. Rep. Allen West. Rep. Allen West is a retired US Army Colonel, straight-talking Conservative, AND is the only non-welcome member of the Congressional Black Caucus, (the Libs hate him).

There are many other Republican non-RINO Dark Horses who would make excellent Dark Horse Nominees.

The DUMP ROMNEY Campaign requires an OPEN or “Bartered” Convention in Tampa.

Make your voice and vote count towards an OPEN Convention in Tampa, Florida!

BTW, Nominee Allen West WOULD be Florida’s favorite son in November - - - .


48 posted on 05/21/2012 1:37:41 PM PDT by Graewoulf ((Dictator Baby-Doc Barack's obama"care" violates Sherman Anti-Trust Law, AND U.S. Constitution.))
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