Sorry, didn’t mean to double post.
The numbers actually went UP.
So, they actually rose, but technically unchanged. I guess we are still at war with Eastasia.
Claims from two weeks ago were revised up to 370,000
Translation: Jobless claims were up 6,000 but reporting that would make Obama look bad so we will report the number was unchanged but raise the prior report that nobody pays attention to by 3,000 instead. Then in a week or two we will quietly revise this report upward by another 3,000 to make up the rest of the 6,000 increase.
Claims from two weeks ago were revised up
I predicted that, and I don’t even have a crystal ball.
I love it - “unchanged” relative to earlier numbers that were “changed”, “changed” upwards” if the previous numbers had been “unchanged”!
It’s nice to know that the Bureau of Labor Statistics has started hiring those guys who do the three-card monte bit on Lexington Avenue!
Totally unexpected.
Whew...instead of things getting worse, at least they are “unchanged” /s Too bad there isn’t a Wall Street “index of economist expectations”. We could all be rich betting against their expectations. They always seem to always be on the wrong side of the issue. “Ooops, missed the trend again this week, but next week, hey.... that’s when things really start improving...this time we mean it”
The incompetence of the current regime remained unchanged.
ML/NJ
It’s sure a good thing the number isn’t, like, big.
Thank you, Mr President, for your kindness and mercy to your citizens.
RE: 370,000
I remember VERY CLEARLY it was reported as 367,000 last week. So, they revised it upwards this week (again ).
Who’s going to bet that this week’s 370,000 will be revised UPWARDS next week?
Notice when they revise the jobless claims figures, they ALWAYS revise it UPWARDS, never DOWNWARDS.
Here was how our local news (radio-KTRH) reported it: “Stocks are down right now. Concerns about Europe overshadowing a promising jobs report.”
I would love to see a simple graph of how consistently the BLS low-balls the number as adjusted later, a plot of two traces, one the initial reports and the other the “revised” numbers.
“Continuing claims increased by 18,000 to a seasonally adjusted 3.27 million in the week ended May 5.”
This is exactly opposite of a growing economy.
TWO weeks ago???
These numbers are issued EVERY week, and the revisions for the PRIOR week are issued on the same day.
“Uhh, Valarie? ‘Hope-n-Unchange’ doesn’t quite cut it, if you get my drift.”
We need to re-elect Obama otherwise a horrible RINO will take office. Go ahead and condemn a whole generation to financial ruin.