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U.S. jobless claims fall; reading clouded by processing snafu
Reuters ^ | September 12, 2013 | by Jason Lange

Posted on 09/12/2013 5:50:45 AM PDT by Oldeconomybuyer

The number of new U.S. jobless claims fell sharply last week but much of the decline appeared due to technical problems in claims processing, clouding the last major reading of labor market health before a Federal Reserve meeting.

Initial claims for state unemployment benefits slipped 31,000 to a seasonally adjusted 292,000, the Labor Department said on Thursday.

That was the lowest level of claims since 2006, confounding analysts' expectations for a mild increase.

But a department analyst said the majority of the decline appeared to be because two states were upgrading their computer systems and did not process all the claims they received during the week. One of the states was large and the other small, the analyst said.

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


TOPICS: Breaking News; Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: obamanomics; obamarecession; obamataxhike; obamataxhikes; unexpected

1 posted on 09/12/2013 5:50:45 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

Its all smoke and mirrors, nothing is real and thats by design!


2 posted on 09/12/2013 5:54:44 AM PDT by seeker41 (take your country back by whatever means necessary)
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To: Oldeconomybuyer

The real surprise is Rooters reported it.


3 posted on 09/12/2013 5:57:05 AM PDT by skeeter
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To: Oldeconomybuyer

The drop was largely because of 2 states, and not one article I’ve found is willing to name those states.

My guess is:

Large = California or New York

Small = Some state that isn’t really small except in comparison to California or New York


4 posted on 09/12/2013 5:59:03 AM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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Comment #5 Removed by Moderator

To: Oldeconomybuyer

The O’Bozo administration can’t even cheat without screwing up the basic math.

Diversity - Celebrate It!! (It’s no good for anything else)


6 posted on 09/12/2013 6:20:56 AM PDT by Iron Munro ("You bring me the man, I'll find you the crime" - Lavrentiy Beria [and Eric Holder])
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To: Oldeconomybuyer

They can’t process unemployment claims correctly after more than 50 years of experience.

0bamaCare should be fun!


7 posted on 09/12/2013 6:40:26 AM PDT by Uncle Miltie (Why haven't we heard from the 30 Benghazi survivors?)
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To: Oldeconomybuyer
One of the states was large and the other small

Thanks for that indepth investigative reporting, Reuters.

8 posted on 09/12/2013 7:03:11 AM PDT by bgill (This reply was mined before it was posted.)
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To: Oldeconomybuyer

Wow, they actually reported it this time, rather than the ignoring California’s four day shutdown of processing of unemployment claims from a month ago.

Whee! Look! Everything’s better!

Umm, and how many this week are now under the magic 30 hours a week? Really wish that they had to publish that number each week - how many people are losing their full time jobs to ObamaCare...


9 posted on 09/12/2013 7:07:25 AM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: Oldeconomybuyer
As useless as a murder-mystery novel missing the last 20 pages.
10 posted on 09/12/2013 7:19:49 AM PDT by JPG (Putin Does Obama.)
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To: Oldeconomybuyer

Oh well, I guess we’re never going to see a month with extra states...

other than the full complement of 57, of course!


11 posted on 09/12/2013 8:37:28 AM PDT by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: Oldeconomybuyer

Not to mention Labor Day fell in that week. Doesn’t this happen with EVERY Federal holiday; is it really that UNEXPECTED???


12 posted on 09/12/2013 8:38:11 AM PDT by NonValueAdded (Henceforth, the Office of the President shall be known as IMPOTUS)
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To: Oldeconomybuyer
But a department analyst said the majority of the decline appeared to be because two states were upgrading their computer systems and did not process all the claims they received during the week.

How convenient now that all the seasonal workers and obomacare victims are getting the boot.

The numbers must be REALLY bad right now.

13 posted on 09/12/2013 9:04:25 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: xzins
Small = Some state that isn’t really small except in comparison to California or New York

Was it "incredibly small?"

14 posted on 09/12/2013 9:08:20 AM PDT by CDB ("Phony" scandals attacked by a phony president who advocates phony perptual crises)
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To: concerned about politics

Since this data is invariable used for comparison with former periods, when is it ever right to knowing publish incomplete information?


15 posted on 09/12/2013 10:12:34 AM PDT by Old North State
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To: Oldeconomybuyer

The liberal local Austin, TX news at noon was reporting claims dropped. Not a peep about two states numbers not in. Typical.


16 posted on 09/12/2013 10:15:56 AM PDT by bgill (This reply was mined before it was posted.)
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To: Iron Munro

It seems every error or miscount always favors the regime - which of course can’t happen by accident.

Like flipping a coin, there should be favorable and unfavorable skewed reports if the miscounts were truly random errors.


17 posted on 09/12/2013 11:19:37 AM PDT by citizen (There is always free government cheese in the mouse trap.....https://twitter.com/kracker0)
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To: Oldeconomybuyer

And other people without jobs are falling off the rolls altogether.


18 posted on 09/12/2013 11:47:52 AM PDT by a fool in paradise (America 2013 - STUCK ON STUPID)
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To: Oldeconomybuyer
The number of new U.S. jobless claims fell sharply last week but much of the decline appeared due to technical problems in claims processing,

So convenient!

19 posted on 09/12/2013 12:52:30 PM PDT by b4its2late (A Liberal is a person who will give away everything he doesn't own.)
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To: Oldeconomybuyer

I would love to get that bunch of genius “analysts” in a locked room with a rubber bat. We’d start off with simple math lessons. Then we’d have a session on “reality”. Maybe we’d have a tutorial on avoiding lying thru ones teeth. Progressing to the chapter on “making krap up” I’d finish with guidance of observing the real world, and after a round of head slaps, a suggestion that the next bat wouldn’t be rubber.-—————————It’s not bragging if you’ve already done it. SEMPER FI


20 posted on 09/12/2013 12:58:54 PM PDT by cherokee1 (skip the names---just kick the buttz)
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To: Oldeconomybuyer; All

21 posted on 09/12/2013 1:54:12 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Thanks Oldeconomybuyer.
The number of new U.S. jobless claims fell sharply last week but much of the decline appeared due to technical problems in claims processing...
Yeah, a glitch, just a glitch.


22 posted on 09/12/2013 2:11:18 PM PDT by SunkenCiv (It's no coincidence that some "conservatives" echo the hard left.)
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To: CDB

.
.

- Africa apes (gorillas) have something “incredibly small”

2”

There goes the old urban (Chicago) legend/mythology

.
.


23 posted on 09/12/2013 3:14:13 PM PDT by devolve (----- ----- ----- a yellow line in the snow ----- ----- -----)
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To: CDB

.
.

- Africa apes (gorillas) have something “incredibly small”

2”

There goes the old urban (Chicago) legend/mythology

.
.


24 posted on 09/12/2013 3:15:52 PM PDT by devolve (----- ----- ----- a yellow line in the snow ----- ----- -----)
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To: devolve

Last month 312,000 Americans stopped looking for work, causing the unemployment rate to fall to 7.3 percent. Today President Obama called it a step in the right direction and encouraged more Americans to stop
looking for work.” –Jay Leno


25 posted on 09/12/2013 9:50:19 PM PDT by CT (Obama is the product of a shiftless press, LoFoVo, and the conquest of Soviet style public education)
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To: Oldeconomybuyer

In other words their system does not report properly and these figures are meaningless and inaccurate.


26 posted on 09/13/2013 11:20:43 AM PDT by John S Mosby (Sic Semper Tyrannis)
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To: Oldeconomybuyer

~~~The number of new U.S. jobless claims fell sharply last week~~~

Said the Easter Bunny.

Might as well have been, if this were true (as to what they claim it means) then it’s a real as the Easter Bunny.


27 posted on 09/13/2013 3:06:38 PM PDT by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: John S Mosby

Yep. We have a winner.


28 posted on 09/13/2013 3:08:32 PM PDT by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: Oldeconomybuyer

29 posted on 09/13/2013 5:43:47 PM PDT by ChildOfThe60s (If you can remember the 60s.....you weren't really there)
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To: xzins

I live in N Nevada.

For 3++ weeks, claimants have been unable to file their unemployment claims.

A “NEW” computer system isn’t working as planned & they cannot access & file their weekly claims.

I think this applies to both new claims & ongoing claims.


30 posted on 09/17/2013 5:45:29 PM PDT by ridesthemiles
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