Does anyone else find this line totally ridiculous?
“Despite the drop of 19,000, claims are at about the same level they were at the beginning of the year. The stubbornly high level of requests for jobless aid is a sign hiring remains weak even as the economy recovers.”
Helluva spin job.
It sure is a funny looking Recovery.
Folks, lets keep in mind that these numbers don’t include those whose hours have been cut in half or worse, or those independent contractors (like me) who can’t collect unemployment, and are seeing about a day’s work per week. This economy is crashing big time, and they aren’t telling you.
“Jobless claims drop but remain at elevated levels”
By careful design and by the malicious intent of the democrats and Obama.
“Claims need to fall closer to 425,000 to signal sustained job growth, many economists say.”
BS! Just last year the “economist” were claiming it would have to drop below 250,000 claims to start seeing creation.
The usual Associated Press obvious lies and journalistic malpractice.
I blame Bush.
(By the way, unemployment was 4.5% under Bush)
"New claims" means that nearly half a million more people lost their jobs, and the key word is "adjusted" which basically means that they made it whatever they thought they could get away with for the best spin. There may be many more whow were "adjusted" out of the statistics.
This is another incredible spinning/lying/slippery wordsmithing by an Obozo Mediot with AP.
They’re limits ran out.
“new claims dropped to a seasonally adjusted 457,000...”
Can someone tell me what “season” it is that requires nearly half a million people a week getting laid off?!
That is, of course, until the figures are later revised upward.
I can't find the article at the moment, but in our state, there were 5,200 new jobs for May .... 4,800 of those were census workers.
Do the math. BWHAHAHA!
What seasoning did they adjust it with?
Salt?....a little Pepper, some Oregano, or maybe a dash of Adobe seasoning? What seasoning? What's the recipe?
They don’t let George W Bush get away with, If we had not taken out Saddam he would have launched 911 type attacks on us in America but they endorse Obama’s crap that the economy would have been worse off if he did not implement that failed recovery package.
No, no and no. The revised report will reveal that unemployment rate unexpectedly remained the same or went up. This report is meant only to get a DOW bump for the day. ANALysts will ignore the revised, but true, report when it is inevitably reported.
Just like the looming car wreck of Greece, Spain, Portugal and the EU in general is somehow a daily—not continuing—event.
Mindless, utterly mindless.
Total spin job...and it will be revised upward in a couple of weeks when it will no longer be news. Welcome to Soviet style public information.
Why did unemployment claims drop? In part, because California has ended extended unemployment benefits!