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 ...
Sorry, didn’t mean to double post.
The numbers actually went UP.
So, they actually rose, but technically unchanged. I guess we are still at war with Eastasia.
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.
Claims from two weeks ago were revised up
I predicted that, and I don’t even have a crystal ball.
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!
Even a blind man could see it coming!
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.
Totally unexpected.
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”
*drink*
*Bottoms up*
The incompetence of the current regime remained unchanged.
ML/NJ
It’s sure a good thing the number isn’t, like, big.
Thank you, Mr President, for your kindness and mercy to your citizens.
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.
Had to be because of the unseasonably warm weather.
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.
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!
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