Posted on 01/12/2012 6:05:35 AM PST by nhwingut
WASHINGTON — The number of Americans filing initial claims for regular state unemployment benefits rose by 24,000 to a seasonally-adjusted 399,000, the Labor Department said Thursday.
Economists surveyed by Dow Jones Newswires expected claims to rise by 8,000 to 380,000 in the week ended Jan. 7. Claims from the prior week were revised up to 375,000 from 372,000.
The average of new claims over the past four weeks increased by 7,750 to 381,750.
(Excerpt) Read more at nation.foxnews.com ...
Wow, that’s unexpected.
“Unexpected!”
Cant wait to see how the libtard media reports this. After spending the last week proclaiming Obama “has the economic winds at his back.” LOL!
Hmmm... Seasonally adjusted. Wasn’t seasonally adjusted when all that temporary Christmas help was hired and the unemployment rate went down.
Sort of like the census.
I don’t even believe NOAA when it publishes the moon and tides tables.
Every number that issues forth from Leviathan is skewed to favor the Wun.
:: Claims from the prior week were revised up to 375,000 from 372,000. ::
Why don’t they just truthfully report ^this weeks^ number at 403,000?
so, in other words, 399,000 people lost their jobs last week.
This is just so...abrupt, accidental, astonishing, what are the chances, comes from out of left field, wasn’t in the cards, it just comes from out of the blue. It is staggering, startling, stunning, sudden, unanticipated, unforeseen, unheralded, unlooked-for, unpredictable, and unpredicted.
I am just shocked, I tell ya.
Drink!
Fools. Fools and tools. The entire stable at NR should be canned, starting with Lowry. They feed the Big Lie that the 'economy has turned the corner'. Like every other Wall Street suit, they want all of us shlubs to come running back to buy their mutual funds so they can collect nice fat brokerage fees.
A wise man once asked me, "Where are the customer's yachts?" Indeed.
We've been eating green shoots now for over four years. Give the Wun another four and we'll literally be eating green shoots. And bark. And peat bread like the Norks.
I had been investing in ammo, warm clothing and canned goods. I'm shifting into tar, pitchforks and rope.
Shocking. The numbers had to be revised upward. Assuming that an honest initial report would have to be adjusted upward half the time and downward half the time, the odds of needing to be adjusted upward every week of the year is 0.0000000000000222%.
Laughable misreporting. Problem is that all of this misreporting is not changing reality and people are more aware of reality than data. Lots of seasonal jobs will evaporate — as tends to be the nature of all things seasonal. The misreported retail sales will result in store closings (Sears has already warned) — which will cause more lost jobs. Right sizing the military will result in lost jobs in the armed services and all the civilian contractors that support them. All the while food, heating oil, and gas keep getting more expensive. All of this leads to less discretionary income which feeds the cycle. Should be a tough summer for The One.
And I believe Credit Card usage was up significantly for what was bought. Auto sales were apparently solid but I'm hearing Gov. Motors is giving credit to all but the dead. This Mornings news reported Home Foreclosures will be bad this year. Sounds like Bambi is leading this Country to the promised land, circa 2008.
Well, sales can be great, but if margins are lousy retailers are still screwed. Conversely, good margins can make up for poor sales. If both suck, however...
they are all seasonally adjusted.
I am so tired of idiots like Instapundit who don’t understand economic statistics acting like every data release is a partisan conspiracy.
It’s absolute bullshit and makes us look really stupid.
Christmas jobs being lost. Will continue for a few weeks.
Then, if shelves are stocked, there’ll be more layoffs or cut hours in manufacturing.
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