Posted on 12/06/2012 6:34:23 AM PST by Perdogg
And so the BLS and DOL are back to "seasonal adjustments." Because in a week in which the Sandy effect was supposed to fade, at least on a seasonally adjusted basis, nothing could spoil the party. And sure enough, the headline number dropped from an upward revised (how else) 395,000 to 370,000, well below the expected 380,000. The real story, however, is how the DOL is doing all it can to smooth the noise, because in the week ended December 1, Not Seasonally Adjusted Initial Claims soared by 139,678 - the highest since January, to a whopping 498,619. Compare this to the SA number of 370,000, and one can see why in the aftermath of Sandy, it is quite clear that between hurricane distortions and seasonal adjustments, the headline number is completely meaningless.
(Excerpt) Read more at zerohedge.com ...
Defund the Dept. of Labor Lies.
Market wise this seasonal Xmas job boost is priced in. All eyes are on the Fiscal Cliff ...will there be a big selloff?
PPPPPPPPPPBWAHAHAHAHAHA!
Oh, this administration is just a laugh-a-minute. We've got major corporations and mom-and-pop shops laying off and downsizing across the fruit plain, and they're in full-spin control mode trying to make everything come up roses.
I have to laugh. If I couldn't laugh at this, I would be to depressed to get out of bed.
“People will believe a big lie sooner than a little one, and if you repeat it frequently enough people will sooner or later believe it.” Walter Langer
Same here... I think morbid amusement is all we have left.
Corporations can’t lay people off fast enough to keep up with these ‘unexpected’ seasonal hiring numbers..I guess the corporations will just need to pick up the pace of firing, and I expect that they will..
Corporations can’t lay people off fast enough to keep up with these ‘unexpected’ seasonal hiring numbers..I guess the corporations will just need to pick up the pace of firing, and I expect that they will..
Never hire liberals.
Remember back in those quaint Nixonion years when the nation had a near fatal hearty attack over a small, one time coverup?
Remember when we thought the novel “1984” was so outlandish that it would always be just another far out fantasy?
We now see more lying and information manipulation from Obama in one month than the entirety of what we saw from Richard Nixon and the cast of “Plumbers”.
And the oppressive Nanny State spying and information manipulation of “1984” is dwarfed by what we now live through every day in Obamaland.
In terms of honesty, ethics and morality, Barack Obama makes Richard Nixon look like a choir boy.
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