From another article, the obligatory: More Americans than forecast filed claims for unemployment insurance payments last week...
I note they never added that disqualifier when it applied to all the temporary holiday jobs in December which made Obama's numbers look better.
“The number of Americans filing new claims for unemployment benefits rose last week, but the data continues to be too distorted by the holidays to offer a clear read of labor market conditions.”
It’s real high, but just too DISTORTED by the HOLIDAYS to understand.
Heil Hussein — happy days are here again!
I can understand the distortion problem. After all, we’ve never had a Christmas holiday season before ...
Every week we get either a disclaimer in the form of an excuse (i.e. turd polishing) when it is a bad result or a whispered confession (i.e. and “oh by the way) if it is a false improved result.
Face it the employment/unemployment picture is dismal. The employment/unemployment picture is WORSE than it was four years ago. Only smoke, mirrors, and LIES can keep the uninformed voter believing otherwise.
Seems everyone went bonkers last week when the number reported was 350,000 (lowest if forever), only to be adjusted UPWARD by 12,000. The lyin’ POS’s haven’t gotten the number correct in four years. Let’s see, how long has Bowbama been in office?
Why do we report these statistics. I don’t believe anything reported any more, and no one cares what the numbers are anymore. It is too theoretical (unless you are one of them, I suppose). The few who watch this blame the republicans, anyway. Why care about any economic stats?
If we don’t care about the debt, then nothing else will matter soon, anyway.
Now, in Iceland, Germany, and other countries, they even tell people what they can name their children.
If we care about managing names by law, then we certainly have no say in the debt.
I haven’t heard of the usual holiday temp jobs but if there were then they may not be laid off until after January’s inventory is complete. Expect more filings in Feb.
They obfuscate the numbers so much that it’s now very difficult to read these stories.
seasonally adjusted 372,000
Aren't the seasonal adjustments supposed to account for the holiday distortion? Of course, we know why it's really reported this way.