Skip to comments.
U.S. jobless claims total 359,000 in latest week
marketwatch.com ^
| March 29, 2012
| Jeffry Bartash
Posted on 03/29/2012 6:08:04 AM PDT by John W
WASHINGTON (MarketWatch) - The number of Americans who filed requests for jobless benefits fell by 5,000 last week to a seasonally adjusted 359,000, the U.S. Labor Department said Thursday.
The latest data includes the government's annual seasonal-adjustment revisions extending back five years, which have resulted in a small increase in weekly claims.
The number of new applications for benefits last week, for example, was originally reported at 348,000. The revisions now put last week's level of claims at 364,000, a 4.6% increase.
(Excerpt) Read more at marketwatch.com ...
TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS:
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-50 next last
So, they had to revise last week UP by SIXTEEN THOUSAND to show a drop of 5,000 this week. This mess gets curiouser and curiouser.
1
posted on
03/29/2012 6:08:08 AM PDT
by
John W
To: John W
They revised last week’s way up. To show a drop this week. And the RINO Repubs are chirp chirp...
2
posted on
03/29/2012 6:11:12 AM PDT
by
nhwingut
(Sarah Palin 12... No One Else (Maybe Tim Thomas))
To: John W
So it will be joyously reported as down this week before it is quietly revised up next week ?
3
posted on
03/29/2012 6:12:41 AM PDT
by
zwerni
(this isn't gonna be good for business)
To: John W
So that means last week was actually an increase in claims (364,000). Will this be counted or are we still on same magical 5 week trend of drops?
The media is corrupt for allowing this charade to stand.
4
posted on
03/29/2012 6:14:13 AM PDT
by
nhwingut
(Sarah Palin 12... No One Else (Maybe Tim Thomas))
To: zwerni
So it will be joyously reported as down this week before it is quietly revised up next week ?
Yes, that is exactly what they seem to do every week. Anyone have a link to the full adjusted data set that they mention in the article?
5
posted on
03/29/2012 6:15:25 AM PDT
by
Scutter
To: John W
I see the lib media is trumpeting this new number (once again) as a 4 YEAR LOW.
Last week’s (348,000) was headlined as the same, 4 YEAR LOW (until revision).
Amazing how the media and Obama can work together.
Of course this will be revised up and then next week will be another 4 year low to headline.
6
posted on
03/29/2012 6:20:11 AM PDT
by
nhwingut
(Sarah Palin 12... No One Else (Maybe Tim Thomas))
To: John W
The telling sign for me was during Fed Chairman Ben Bernake’s recent testimony where he essentially said the good employment numbers don't make any sense when the state of the overall economy hasn't appreciably changed for the better and he doesn't see how they can be sustained. To me that was him saying the books where being cooked in the most diplomatic way he could.
7
posted on
03/29/2012 6:22:34 AM PDT
by
apillar
To: John W
It’s UP by 11,000, not down.
8
posted on
03/29/2012 6:23:34 AM PDT
by
tobyhill
(Fight Fire With Fire)
To: John W
I was for the US jobless claim total drop before I was against it.
9
posted on
03/29/2012 6:23:34 AM PDT
by
mykroar
(Please be aware any /sarc tag is for the lurkers, not the Freepers.)
To: nhwingut
Every elected republican and those running for office are corrupt for not calling them on it.
LLS
To: apillar
The telling sign for me was during Fed Chairman Ben Bernakes recent testimony where he essentially said the good employment numbers don't make any sense when the state of the overall economy hasn't appreciably changed for the better and he doesn't see how they can be sustained. To me that was him saying the books where being cooked in the most diplomatic way he could. Didn't somebody compare the trends for revenues generated by income taxes versus the trends in the published unemployment figures to show a huge disconnect?
11
posted on
03/29/2012 6:27:18 AM PDT
by
Go Gordon
(President Poverty - President Downgrade - President Food Stamp - President Pantywaist - B. H. Obama)
To: John W
The number of new applications for benefits last week, for example, was originally reported at 348,000. The revisions now put last week's level of claims at 364,000, a 4.6% increase.Here. Let's not get all upset. Let's simply get the (somewhat) accurate numbers out there.
Go around the State Run Media, the Gangster Government Media.
12
posted on
03/29/2012 6:31:27 AM PDT
by
Lazamataz
(Shut up and drill.)
To: John W
This will go on thru the election, so they can say that the unemployment applications rate has dropped EVERY WEEK since the beginning of the year...................
13
posted on
03/29/2012 6:36:25 AM PDT
by
Red Badger
(Think logically. Act normally.................)
To: John W
14
posted on
03/29/2012 6:36:45 AM PDT
by
C210N
(Mitt "Severe Etch-a-Sketch" Romney is the front-runner? Seriously??)
To: nhwingut
Can someone with a strong background in “stats” explain to me (us) why it is that the unemployment numbers are almost always revised upward (after the headlines have faced) in this administration?
Logic tells me that if there is an unintentional “glitch” in the system, that such an error would be divided in a fairly even way, with the revisions of the previous week's unemployment numbers being closely even between upward and downward revisions.
Why then do we almost consistently see that the revisions are in the upward direction?
15
posted on
03/29/2012 6:40:16 AM PDT
by
RavenATB
("Destroy the family and you destroy the country!" ~Vladimir Lenin)
To: John W
Most unemployed people don’t have jobs.
16
posted on
03/29/2012 6:50:05 AM PDT
by
central_va
( I won't be reconstructed and I do not give a damn.)
To: RavenATB
Logic tells me that if there is an unintentional glitch in the system
There is a If Then Else loop in the program.
If #ThisWeek higher Than #LastWeek Add 5,000 to #LastWeek
Then Go #Report
Else Go #Report
#Report 'New 4 Year LOW'
17
posted on
03/29/2012 6:53:51 AM PDT
by
nhwingut
(Sarah Palin 12... No One Else (Maybe Tim Thomas))
To: nhwingut
78K people fell of extended and EUC claims as more and more
drop out of the workforce. This means the unemployment rate
just dropped courtesy of even more people giving up on finding work.
March is about to close with 17 misses out of 19 key economic indicators.
18
posted on
03/29/2012 6:54:46 AM PDT
by
Freddd
(NoPA ngineers.)
To: nhwingut
The media is corrupt Laughably so. American Pravda now requires urinalists to have amateur Photoshop skills so they can lighten skin tones.
19
posted on
03/29/2012 6:57:18 AM PDT
by
Reeses
To: John W
Could it be any more obvious - the games this administration is playing - to make the economy look good.
Geeezze.
20
posted on
03/29/2012 7:00:29 AM PDT
by
Reagan69
(I supported Sarah Palin and all I got was a lousy DVD !)
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-50 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson