Skip to comments.Weekly Jobless Claims Fall Slightly
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 ...
What an utter load of BS. The economy is NOT getting better. The best that can be said is the freefall has slowed. Slowed, not stopped. Take a look at the percentage of the American population that is of work age currently participating in the work force. It’s lower than it has been in decades.
The economy is still in dire shape. It will continue as such until the Marxist moron and his loathesome band of socialists are voted out of office in November. Until then, watch for all sorts of creative reporting from Zero’s propaganda wing, currently masquerading as the lamestream media. Lies regarding the ‘health’ of the US economy will be heralding as ‘fact’. Just like the manufactured polls showing a majority of Americans supporting Zero, with plans to vote for the Kenyan clown.
Amen to all that. You just have to believe voters will believe their lying eyes over their so-called government.
Here is a more complete picture.
March 15: Reported - 351,000, Revised - 353,000
March 22: Reported - 348,000, Revised - 364,000 Reported - down, Actual - up
March 29: Reported - 359,000, Revised - 363,000 Reported - down, Actual - up
April 05: Reported - 357,000, Revised - 367,000 Reported - down, Actual - up
April 12: Reported - 380,000, Revised - 388,000 Reported - up, Actual - up
April 19: Reported - 386,000, Revised - 389,000 Reported - down, Actual - up
April 26: Reported - 388,000, Revised - 392,000 Reported - down, Actual - up
May 03: Reported - 365,000, Revised - 368,000 Reported - down, Actual - down
May 10: Reported - 367,000, Revised - 370,000 Reported - down, Actual - up
May 17: Reported - 370,000, Revised - 372,000 Reported - no change, Actual - up
May 24: Reported - 370,000, Revised - TBD Reported - down, Actual - TBD
Notice that in 7 of the 9 weeks numbers were reported in the headlines as down since they compare the revised number with the new number. Yet when the comparison is revised vs. revised the actual trend is a very negative one.
The BLS staff makes Enron executives look like boy scouts in their dealing with numbers.
That is just about the neatest example of a numbers tap dance that I've ever seen in my lifetime.
I'd be embarrassed to write it, much less announce it from some bureaucratic office.
So, the announced number went from 370,000 to 370,000, last week to this week. To get the "improved" line for the media, the last week number was revised upward to 372,000.
idiots run our government.
Unemployment fell slightly for 1 week? Well, that means everyone should vote for Maobama!!!!/sarc
When Republicans are in office the reports sound something like this:
"The financial world was rocked today to learn that the unemployment rate only fell to 3.1% from 3.4%, shattering expectations of far better results. This unexpected slowdown in the decrease of the unemployed signals trouble ahead for the frustrated Republican administration, casting doubts on their capability to remain in office".
“idiots run our government”
They are just proving that “stupid is as stupid does”!
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