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Weekly Jobless Claims Fall Slightly
Reuters via FOX Business ^ | May 24, 2012 | Reuters

Posted on 05/24/2012 6:42:07 AM PDT by John W

New U.S. claims for unemployment benefits fell slightly last week, government data on Thursday showed, suggesting the labor market continues to expand at a moderate pace.

Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 370,000, the Labor Department said. The prior week's figure was revised up to 372,000 from the previously reported 370,000.

Economists polled by Reuters had forecast claims unchanged last week.

Claims have barely budged in the past four weeks indicating a marginal improvement in the pace of job creation after April's disappointing 115,000 gain in nonfarm payrolls.

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


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: fakebutaccurate; jobless; medialies; obamanomics; recovery; unemployment; unexpected
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To: John W

“Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 370,000, the Labor Department said. The prior week’s figure was revised up to 372,000 from the previously reported 370,000.”

???? Last month was reported as 370k. This month was reported as 370k. ????? Just how does “Falls Slightly” come from 370k - 370k = 0

Next week, this week’s 370k will be “revised up” again so the new 370k+ number can be reported as another wonderful drop. BS!


21 posted on 05/24/2012 7:37:16 AM PDT by Proud2BeRight
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To: John W

Massaged data is always disappointing because if you massage it too much it is obvious you are massaging it...

I wonder when the MOP (Ministry of Propaganda) will just start publishing out and out blatant bald face lies...

Well like 2 years ago i suppose...


22 posted on 05/24/2012 7:38:40 AM PDT by GraceG
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To: John W
The prior week's figure was revised up to 372,000 from the previously reported 370,000.

Everyone drink.

23 posted on 05/24/2012 7:41:56 AM PDT by mykroar (Romney: Snatching defeat from the jaws of victory. Shows daily.)
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To: Erik Latranyi

“revised up to 372,000”

The numbers have been revised up 17 weeks in a row.

They had been revised up 62 out of the last 63 weeks. That’s how you know it’s Thursday. Unemployment claims will be revised upwards.

http://www.rushlimbaugh.com/daily/2012/05/17/it_s_thursday_jobless_numbers_revised_up


24 posted on 05/24/2012 8:05:01 AM PDT by kcvl
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To: John W

The prior week’s figure was revised up ...

lol

Unbelievable. They can still report that same old canard week after week after week.


25 posted on 05/24/2012 8:11:41 AM PDT by TomGuy
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To: TomGuy
Forget all the number manipulation, here is the the most farcical quote:

suggesting the labor market continues to expand at a moderate pace.

26 posted on 05/24/2012 8:29:40 AM PDT by Right Brother
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To: John W

The news is the media manipulating the facts in an effort to manipulate the outcome or cover up the truth.
Oh wait, that use to be news.
Now it is just another day.
The real news is 70% of U.S. Citizens are not sick and tied of being played.


27 posted on 05/24/2012 8:29:45 AM PDT by Leep (Enemy of the Statist)
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To: John W; treetopsandroofs; NE Cons; All
http://www.freerepublic.com/focus/news/2886678/posts

Scroll down deep because the time to wake up is over

LOL !

28 posted on 05/24/2012 8:42:08 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: John W
Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 370,000, the Labor Department said. The prior week's figure was revised up to 372,000 from the previously reported 370,000.

OK, boys and girls, what is wrong with this picture?

29 posted on 05/24/2012 8:51:23 AM PDT by dirtboy
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To: 1rudeboy

Yes however, were this a Republican administration the information would have been hammered home regardless.


30 posted on 05/24/2012 9:14:39 AM PDT by Psycho_Bunny (Burning the Quran is a waste of perfectly good fire.)
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To: jiggyboy

Of course yesterday HP announced that 24,000 employees will be joining the Obama lines on the call center queues for their first time applications....
No more lines except on the phone or on the web...it’s “so easy” to apply for UI now!!
Go look at the WARN notices for the next few months....(90 days notice for a major reduction in force) you will see that, in fact, it is getting WORSE!


31 posted on 05/24/2012 10:18:29 AM PDT by Shady (The undeniable truth of the Obama Administration...The numbers do not lie.)
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To: Proud2BeRight

Actually, just think of it this way...Almost all of the people of Wichita Kansas filing new claims for jobless benefits EACH WEEK.

Way to go, Bozo!


32 posted on 05/24/2012 10:48:25 AM PDT by Shady (The undeniable truth of the Obama Administration...The numbers do not lie.)
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To: newzjunkey

Especially when they infer expansion of the labor market from it, rather than comparing the size of the labor market last week to this week, which they CAN do if they want. Should show a labor market that’s been sliding since... oh just about 4 years ago.


33 posted on 05/24/2012 10:53:59 AM PDT by ichabod1 (Cheney/Rumsfeld 2012)
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Comment #34 Removed by Moderator

To: NE Cons

why don’t they just not report numbers for one week and then we can report numbers that won’t need revision on a one week lag basis. No, too simple and how would Obama be able to play smoke and mirrors


35 posted on 05/24/2012 11:03:36 AM PDT by kushnejz
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To: kushnejz

I anticipate completely fabricated numbers starting in September, showing dramatic increases in employment and a drop in UI claims. The truth won’t come out until after the November vote, and after the Obama campaign has trumpeted the great turnaround.


36 posted on 05/24/2012 12:25:32 PM PDT by littleharbour
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To: Erik Latranyi

Yes. All suggesting a moderately expanding economy where weekly claims are regularly adjusted upward, causing the next week to be slightly lower. No other possible interpretation in the land of Wishthinkia./s


37 posted on 05/24/2012 12:36:19 PM PDT by Eleutheria5 (End the occupation. Annex today.)
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To: Erik Latranyi

It happens frequently. Clearly, comparing apples and apples, the number did not go down at all.


38 posted on 05/24/2012 12:48:14 PM PDT by expat2
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To: John W
Historic context:

You don't get significant employment recovery until you are in the low 300,000s.

39 posted on 05/24/2012 12:51:59 PM PDT by magellan
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To: John W

Claims 4 weeks ago: 365k
Claims 3 weeks ago: 367k
Claims 2 weeks ago: 370k
Claims this week: 370k

These are the pre-revision claims.


40 posted on 05/24/2012 1:12:19 PM PDT by icwhatudo (This is not a choice between Romney&Reagan-Its between Romney & most radical leftist Pres in history)
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