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To: Texas Fossil

We need to find out what state it is.


15 posted on 10/11/2012 6:35:58 AM PDT by MrChips (MrChips)
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To: MrChips

“We’ve Gotten To The Bottom Of The Mysterious Jobless Claims Report!”

http://www.freerepublic.com/focus/f-news/2943386/posts

It is likely that some of the jobless claims in one large state—California—were not included in the claims reported to the Department of Labor this week. This happens occasionally, our source says. When a state’s jobless claims bureau is short-staffed, sometimes the state does not process all of the claims that came in during the week in time to get them to the DOL. The source believes that this is what happened this week. The California claims that were not processed in time to get into this week’s jobless report will appear in future reports, most likely next week’s or the following week’s. In other words, those reports might be modestly higher than expected.

The source believes that the number of California claims that were not processed totalled about 15,000-25,000. Thus, if one were to “normalize” the overall not-seasonally-adjusted jobless claims number, it would increase by about 15,000-25,000.


28 posted on 10/11/2012 11:10:35 AM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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