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Jobless claims drop sharply in latest week
marketwatch.com ^ | October 11, 2012 | Greg Robb

Posted on 10/11/2012 5:53:50 AM PDT by John W

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To: John W
L Ø L



             

81 posted on 10/11/2012 7:38:12 AM PDT by tomkat
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To: newzjunkey

I said it to my wife many months ago, that I would put NOTHING past this guy in his bid to keep his job.. nutt’n.

no one believes these numbers, that I hear talking about in stores and at the gym.. and this is a Lib state (California)..

cooked books.


82 posted on 10/11/2012 7:47:59 AM PDT by Chuzzlewit
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To: jersey117; John W

They are lying, probably same group that`s incharge of embassy security


83 posted on 10/11/2012 7:49:52 AM PDT by Friendofgeorge (SARAH PALIN 2012 OR BUST)
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To: Thom Pain

According to http://www.ssa.gov/oact/STATS/dibStat.html the number of awards for the month of September was 72,687, which is up 9.58% from 75,459 for August 2012.


84 posted on 10/11/2012 7:51:51 AM PDT by Grubwart
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To: John W
On Jan. 24th, the numbers will miraculously skyrocket to 400,000+ and the economy again will be the worst since Hubert Heever. Just watch...
85 posted on 10/11/2012 7:56:44 AM PDT by EGPWS (Trust in God, question everyone else)
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To: John W
It Looks Like The Huge Drop In Jobless Claims Was All Due To One Mystery State
86 posted on 10/11/2012 8:04:44 AM PDT by blam
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To: RogerWilko
What it is doing with every single lie that the Fed spews out from dims working for the Fed is that they are destroying forever the confidence OF THE PEOPLE in our government and the people that work for us. Everyone knows this is a lie... and revised numbers that they will be FORCED to reissue ... will be revised upward and will probably go beyond 400,000 new jobless claims. It is sad that we have a Fed that is no more honest and trustworthy than the governments that reign in Beijing or Moscow.

LLS

87 posted on 10/11/2012 8:05:25 AM PDT by LibLieSlayer ("If it looks like you are not gonna make it you gotta get mean, I mean plumb mad-dog mean" J. Wales)
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To: Grubwart

shouldn’t the latter number be 65,459?


88 posted on 10/11/2012 8:06:27 AM PDT by rfp1234
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To: TigerClaws

” A Labor Department economist said one large state didn’t report additional quarterly figures as expected, accounting for a substantial part of the decrease. “

The relentless revision and trivial data fudging continues..


89 posted on 10/11/2012 8:21:40 AM PDT by RedhairRedhair (I STILL love my (scab made) Toyota)
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To: LibLieSlayer
I just caught CBS news on the radio at the top of the hour and they're going ALL IN on the jobs report!

They touted it as great news, moving in the right direction, and that economic conditions are improving!

Although... They conveniently forgot to mention that one large state didn't report!

HMMMM... That's odd, at least FOX news reported the missing data. It's almost like they're deliberately trying to mislead people for some strange reason!

90 posted on 10/11/2012 8:31:16 AM PDT by RogerWilko
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To: John W
"This is just getting stupid. After expectations of a rebound in initial claims from 367K last week (naturally revised higher to 369K), to 370K (with the lowest of all sellside expectations at 355K), the past week mysteriously, yet so very unsurprisingly in the aftermath of the fudged BLS unemployment number, saw claims tumble to a number that is so ridiculous not even CNBC's Steve Liesman bothered defending it, or 339K. Ironically, not even the Labor Department is defending it: it said that "one large state didn't report some quarterly figures."

http://www.zerohedge.com/news/2012-10-11/data-massaging-continues-initial-claims-tumble-339k-lowest-2008-far-below-lowest-exp

91 posted on 10/11/2012 8:31:55 AM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: John W; Neil E. Wright
As a past owner of 3 small companies who knows a little about employing people, it's no surprise to me why unemployment numbers are dropping. There are very simple reasons why this "appears" to be happening:

Background: Unemployment statistics are mostly based on Bureau of Labor Statistics (BLS) data of who apply for NEW unemployment insurance (UI) weekly and those still currently drawing UI. Phone surveys mean little, just like political polls.

1. Companies have downsized about as much as they can from the 2009 recession, which means less layoffs and less claims for UI, and was bound to level out eventually;
2. Many people are running out of their 99 weeks (now welfare) of UI, which takes them off the official roles of the unemployed. They become what I call, "The Forgotten".
3. Now factor in the thousands of recent high school and college graduates who can't apply for UI and the real number of unemployed grows further.

The true measure of unemployment are the millions of those who are no longer in the work force or subsisting on under-employment for various reasons and graduates living with their parents because jobs are just not available. Those numbers are difficult to verify, but we all know "The Forgotten" are out there. Just about everyone knows someone who can't find a job or has just given up and retired and living on largess of family.

Since Romney is a successful businessman, I would like to see his campaign and PAC organizations explain the above in the simplest terms. If he let's Obama preach the BLS new applications for UI applications plus those falling off the 99 weeks, he is going to lose that debate. Or am I missing something?

92 posted on 10/11/2012 8:34:58 AM PDT by A Navy Vet (An Oath is Forever)
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To: RogerWilko

This crap is getting scary.


93 posted on 10/11/2012 8:41:59 AM PDT by Democrat_media (limit government to 5000 words of laws. how to limit gov Quantify limited government ..,)
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To: John W

One entire large state FAILED TO REPORT...

Welfare parasites no longer have to report they are looking for work to receive handouts.

THEY ARE COOKING THE BOOKS, folks. Right before the election, too.


94 posted on 10/11/2012 8:43:55 AM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: Democrat_media
I liked how ABC News flew to the White House to interview Obama last night, making it the lead story. Gave him a chance to explain the debate flub and beg viewers to stay with him. Was interesting Diane Sawyer closed by saying they plan to interview Governor Romney too, "when we can get the scheduling done."

nice afterthought

95 posted on 10/11/2012 8:49:29 AM PDT by mikhailovich
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To: TomGuy

BREAKING NEWS:
Stuart Varney on FoxNews is saying that THIS REPORT IS INCOMPLETE.
One ‘large’ state is NOT included in the data.
That ‘large’ state is unnamed in the report.

From a couple of different financial sites, it appears that state that didn’t report is ILLINOIS!!!

Gee, imagine that one, eh???


96 posted on 10/11/2012 8:50:24 AM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: John W

I have it on good authority that the States were all asked to drop people from the UI lists and so they did. Many unemployed people that have tried to start a UI claim have been rejected and many more simply dropped and their claims closed. Colorado, for instance, is at least 100,000 claims behind and is expected to get up to speed “in a few months”, after the election. This has been going on ever since Obama was elected, late 2008 time frame. The propaganda is in full force to make it seem that fewer people are unemployed.

The funny thing with liberals: Liberals think words are actions. No President has ever been re-elected with an above 8% unemployment number. That’s because those unemployed don’t vote for him. However, liberals believe that all they have to do is say that the unemployment number is below 8% and it will have the same affect.


97 posted on 10/11/2012 9:05:26 AM PDT by CodeToad (Padme: "So this is how liberty dies... with thunderous applause.")
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To: LibLieSlayer
A friend that should know told me it is California... moonbeam helping obamao

You were RIGHT! I just heard it on FOX.

You leave out the HUGEST population state in the country, with lousy unemployment and run with that?! UNFRIGGIN' BELIEVABLE!

98 posted on 10/11/2012 9:11:48 AM PDT by RogerWilko
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To: RogerWilko

Rooters, CNN and AP have reported the missing data... cbs only causes further damage to their company.

LLS


99 posted on 10/11/2012 10:14:22 AM PDT by LibLieSlayer ("If it looks like you are not gonna make it you gotta get mean, I mean plumb mad-dog mean" J. Wales)
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To: RogerWilko
I knew it! My buddy works for a company that has to know the truth. Look for 400,000 to be the new revised unemployed number. I just read where California shed 280,000 jobs to Texas alone this year... their numbers will be 40,000 or more added to this lying report... THIS WAS DONE ON PURPOSE TO HIDE THE TRUTH!

LLS

100 posted on 10/11/2012 10:20:24 AM PDT by LibLieSlayer ("If it looks like you are not gonna make it you gotta get mean, I mean plumb mad-dog mean" J. Wales)
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