344,000 Americans out of work....Wait until Mid-April when 880,000 Federal Workers request unemployment to make up for the day they lose every week. Now you guys will really see some unemployment numbers!!!!!
“The prior week’s claims figure was revised to show 4,000 MORE applications received than previously reported.”
Unexpected! *DRINK* :)
The corrections to this number will not be published though.
Extended Claims Jump 8.5% As Initial Claims Continue Sideways Crawl
And, which of the heavily debt-ridden states are among those that had to be “estimated” or left out?
IIRC, last Monday was a Federal holiday. Many states (including state UE offices) also observe Presidents’ Day.
And there was that big snowstorm.
And the Oscars.
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I see their ‘revised up’ number has increased. Last year, it was typically 2,000 week after week. This report upped it to 4,000.
The unemployment offices were closed, were they not?
It was a 4-day week.
“than expected”
They get the expectations wrong every time. Isn’t it time to stop predicting what they don’t know how to predict?
Smoothing? So that's what they're calling the lies these days.
Has anyone corrected these unemployment numbers to determine what percentage of the actual working population is being laid off at this time? If there are 10% less people working today than there were four years ago, even a reduction in the reported number of newly-unemployed today (which will be revised upward later) could be indicating a worse labor market than a higher number reported in the past.
I suspect we’ll see unemployment trending down as more employees are converted to “29ers” and more “29ers” are hired to pick up the slack.
