Posted on 10/14/2010 6:02:25 AM PDT by 1rudeboy
WASHINGTON (Reuters) - The number of people filing new claims for unemployment insurance rose to a higher-than-expected 462,000 in the latest week, the Labor Department said on Thursday, while the number of people still collecting jobless benefits fell to an almost two-year low.
First-time jobless claims rose 13,000 in the week ended October 9 from the prior week's upwardly revised 449,000 seasonally adjusted claims. The four-week average of first-time jobless benefits, which economists prefer because it smoothes out weekly fluctuations, rose 2,250 to 459,000.
Economists polled by Reuters had expected about initial 445,000 claims in the latest week.
(Excerpt) Read more at abcnews.go.com ...
If meteorologists were wrong about the weather as often as “economists polled by Reuters” were wrong about the expected job losses, they’d be booted immediately.
The Department Of Lies and the Bureau of Laughable Statistics have been at it for some time now. It’s all about goosing the stock market for Benny and Timmy and the rest of the Felonious Reserve and the Treasury Gang. And no, it’s not a “conspiracy”. It’s all being done right out in the open, including the intentional devaluation of our currency in order to facilitate ever-higher government spending and to make debt repayments with increasingly worthless paper.
Nah...only one...
It just means that the economists' models are wrong.
(You realize that the "unexpected" comes from the polling of economists to determine an estimate...it's not the government giving it as "unexpected," right?
So what we have is a statistically significant indication that the economists' models are ridiculous.
Claims have been high for months, and they keep acting surprised by it.
It's common. It happens all the time. It is the new status quo.
STOP acting like new jobless claims are sneaking up on you.
You have a way of explaining things which, at first glance, may seem a bit vague, but upon closer examination, are absolutely meaningless.
;-)
” Blame our corrupt government who follow the NWO directives issued by the CFR. Insane policies of self-destruction and corporate bribery rule the world “
Get rich quick, and get out...........the new corporate motto. Also the new motto in the House & Senate.
Why are these people always “expecting” anyway? Sounds like a recipe to cook the numbers, kind of like “recounting” after an election.
Comeback depends on WHICH so called “Republicans” take office.
If they are plants >>> those that favor interfering in business and personal living, inside govt. contractors, those that favor SELECT businesses, or those that when listening to a debate stear questioning away from the existences of MANY govt. agencies and quickly try to turn a question into “waste” “fraud” and “abuse”, >>>>then the jobless rate will soar BECAUSE THE PEOPLE LITERALLY AIN’T BUYING INTO IT and will not BUY, and will CONTINUE TO CUT BACK!
The Cat is Out of the Bag Now -- Look at All These Goooogle Reports
And All These Reports for Foreclosure Gate
I'm dying out here laughing my @ss off. Profiteers are going BK very soon. Have it on good authority the stock markets are going to crash this month. One date mentioned is October 20th. Click Bozo to find out. I'm told that in French his name is Beuzeau . . . LOL, LOL !
It's Time For Criminal Charges To Be Filed Over Foreclosure-Gate !
In fact, there are dozens of lobbyists, CEOs and CFOs and Members of Congress would love to see doing the perp walk in orange jump suits
Thanks for the pings.
Largest tax rate in history coming in January .... economy now falling on its face.
Coincidence?
Why should America have 30 percent of the worlds jobs when we only have 10 percent of the worlds people?
Obamanomics. Spread the disease.
Remember, the real number for private payrolls is ADP. So if you take the 159,000 government jobs lost last month and add in the 39,000 jobs lost in the private sector per ADP, we lost 198,000 jobs last month, not the 95,000 jobs lost reported by the BLS. Factor in the 366,000 estimated overcount of jobs (not) created in the same BLS report.
Also of note: the diffusion index for all private industry went below 50%, which means more industries are cutting jobs than are creating jobs. Manufacturing diffusion index went below 50% in August 2010 and is now at 46.3, while total private is now at 49.8 For comparison, July 2010 numbers were 52.4 for manufacturing, and 57.2 for total private.
One more note: private hours per week is unchanged at 34.2. Curiously, no hours per week number is provided for government employees.
” It’s Time For Criminal Charges To Be Filed Over Foreclosure-Gate ! “
They know who they are, and most donated heavily to Obama, in anticipation of this disclosure. As long as Holder is in charge, noting will happen to these cretins.
Put that to music and you’ll have a smash hit.
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