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BREAKING: US Jobless Claims Rise 'More than Expected' This Week, Up By 24,000 to 399,000
FOX Nation ^ | 1/12/2012 | MarketWatch

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 ...


TOPICS: Business/Economy
KEYWORDS: employment; unemployment; unexpected
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1 posted on 01/12/2012 6:05:43 AM PST by nhwingut
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To: nhwingut

Wow, that’s unexpected.


2 posted on 01/12/2012 6:07:19 AM PST by Obadiah (If U don't believe you can win, then there is no point in getting out of bed at the end of the day.)
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To: nhwingut

“Unexpected!”


3 posted on 01/12/2012 6:07:35 AM PST by Cringing Negativism Network (ROMNEY / ALINSKY 2012 (sarcasm))
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To: nhwingut

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!


4 posted on 01/12/2012 6:09:03 AM PST by nhwingut (Sarah Palin 12... No One Else.)
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To: nhwingut
Additional data coming out this morning was also interesting...

Retail Sales in U.S. Rose Less Than Forecast

5 posted on 01/12/2012 6:09:58 AM PST by mewzilla (Santelli 2012)
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To: nhwingut

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.


6 posted on 01/12/2012 6:10:34 AM PST by EQAndyBuzz (Most Conservative in the Primary, the Republican Nominee in the General.)
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To: nhwingut

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.


7 posted on 01/12/2012 6:12:25 AM PST by SargeK
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To: nhwingut

:: 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?


8 posted on 01/12/2012 6:13:27 AM PST by Cletus.D.Yokel (Islam is a tyrannical and violent POLITICAL ideology and has nothing to do with "religion".)
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To: nhwingut
They trumpeted the lower jobless rate last month as if they had completely forgotten Christmas occurred
9 posted on 01/12/2012 6:13:41 AM PST by Mr. K (Physically unable to profreed <--- oops, see?)
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To: nhwingut
WASHINGTON (MarketWatch) — New applications for unemployment benefits jumped last week to the highest level since late November, most likely because of end-of-the-year layoffs following the holiday season.

so, in other words, 399,000 people lost their jobs last week.

10 posted on 01/12/2012 6:19:10 AM PST by RC one (Scorch the earth Newt. Scorch it.)
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To: nhwingut

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.


11 posted on 01/12/2012 6:19:45 AM PST by tiki
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To: nhwingut
"Unexpected!"

Drink!

12 posted on 01/12/2012 6:20:12 AM PST by TexasCajun
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To: mewzilla
I seem to recall a post on NR that said "consumers are spending lustily" (this Christmas). Can't recall which fool said it.

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.

13 posted on 01/12/2012 6:24:34 AM PST by SargeK
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To: nhwingut
Claims from the prior week were revised up to 375,000 from 372,000.

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%.

14 posted on 01/12/2012 6:27:45 AM PST by KarlInOhio (Herman Cain: possibly the escapee most dangerous to the Democrats since Frederick Douglass.)
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To: nhwingut

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.


15 posted on 01/12/2012 6:28:15 AM PST by wizwor
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To: mewzilla
“Retail Sales in U.S. Rose Less Than Forecast”

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.

16 posted on 01/12/2012 6:28:25 AM PST by DAC21
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To: SargeK

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...


17 posted on 01/12/2012 6:28:55 AM PST by mewzilla (Santelli 2012)
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To: nhwingut
Don't trust government statics. They are unexpectedly wrong and unexplainably low in favor of the adMINIstration. What is the real number 20%?
18 posted on 01/12/2012 6:32:38 AM PST by mountainlion (I am voting for Sarah after getting screwed again by the DC Thugs.)
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To: EQAndyBuzz

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.


19 posted on 01/12/2012 6:34:12 AM PST by babble-on
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To: nhwingut

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.


20 posted on 01/12/2012 6:34:55 AM PST by xzins (Pray for Our Troops Remaining in Afghanistan, now that Iran Can Focus on Injuring Only Them)
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