Posted on 08/23/2012 6:06:15 AM PDT by xzins
E-MAIL SHARE FONT-SIZE 8/23/2012 8:37 AM ET (RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly showed a modest increase in the week ended August 18th, according to a report released by the Labor Department on Thursday.
The report showed that initial jobless claims edged up to 372,000 from the previous week's revised figure of 368,000. The modest increase came as a surprise to economists, who had expected jobless claims to slip to 365,000 from the 366,000 originally reported for the previous week.
Additionally, the Labor Department said the less volatile four-week moving average crept up to 368,000 from the previous week's revised average of 364,250.
by RTT Staff Writer
Why would anyone think the polls showing him ahead or close are any more legitimate than these BLS numbers?
Great points!
Where are the reporters pointing out the hourly rise in the cost of gas...oh right, there’s a RAT in office. That “reporting” only occurs when a GOP is POTUS.
:-)
Just wait until Romney/Ryan win and watch the sudden re-emergence of...THE HOMELESS AT THANKSGIVING!
And speaking of bias....ever notice the news reports of a shooting always picture a gun in the corner of the screen but if there is a stabbing they never picture a knife?
Unexpectedly? That’s unprecedented!
Try watching the news on ABC/CBS/NBC/PBS and your question will be answered. The ability of the media to "shape the news" is still very strong. The difference between Drudge and my local liberal newspaper is stunning.
The media is Obama's propaganda machine.
The only reason to keep up with these jobless claims is to get drunk!
Preious week claims were 366,000 and revised up to 368,000. Expect the new number to be revised up to 375,000...at the very least.
“Yahoo headline is that “Jobless claims rise as labor market HEALS slowly”.”
My headline would be that “Yahoo eggheads can’t admit that they have been on the unintellectual side of the issues all along now, and are generally clueless about reality”.
I am surprised these guys who predict jobless clams still have a job if everything is still unexpected.
I’m thinking about just replacing my morning cup of coffee with a mug of Merlot.
Unexpected? 4 years of this crappy reporting word, yet once again.
!!!UNEXPECTED!!!!
Biden has bragged of the number of jobs created this year, yes, 200,000.
OOPS!....Sounds like a job deficit!
” know we all sort of laugh about these reports, but there is something very unseemly, even sinister, in a Bureau of Labor Statistics that is so blatantly political.”
The real issue IMO, is; over the past 3.5 years on average 1.8 million folks every month have applied for first time unemployment insurance compensation. This compared to the number jobs created per month, does not equal 8.3%.
In short, Mr. President, you still haven’t addressed economic issues, and that will start to sink your re-election campaign.
Buy the rumour. Sell the news. My guess is they don’t at their September meeting - just a hunch. Then everyone says the fed never does anything at any october meeting before the election (as to not sway things one way or the other). So my guess is december at earliest. More inflation coming for things that are necessary (food, gas) unfortunately. Fed doesn’t realize this inflation somehow and thinks there is no inflation based on other factors. I guess if you go by the price of a 50 inch lcd, there is no inflation - although we can’t eat televisions.
Yawn. Initial claims have been ranging from 360K to 390K for the last few months after dropping below 400K in October 2011. As a point of reference, the average weekly initial claims since 1967 is 363K.
-——Fed doesn’t realize this inflation somehow -——
i would argue otherwise. I would argue the Fed and all in Washington know that there is only one way to eliminate the debt and that is to devalue the currency such that the debt is reduced to manageable levels.
The strategy is to manage the inflation to some agreed level considered to be palatable by the public. The same problem exists all over the world and there is international consensus. The problems in Europe have temporarily upset that strategy here because money fleeing the € has strengthened the US$.
The $ devaluation and resultant rise in prices will continue however for a very long time.
The ultimate result and possible hastening of the devaluation rate may result from the collapse of the € and the substitution of a new currency backed by gold. The gold standard will be welcomed by a public worn out by the disaster that is the fiat currencies
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