Posted on 01/12/2012 5:59:29 AM PST by fhayek
In the week ending January 7, the advance figure for seasonally adjusted initial claims was 399,000, an increase of 24,000 from the previous week's revised figure of 375,000. The 4-week moving average was 381,750, an increase of 7,750 from the previous week's revised average of 374,000.
The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending December 31, unchanged from the prior week's revised rate.
The advance number for seasonally adjusted insured unemployment during the week ending December 31, was 3,628,000, an increase of 19,000 from the preceding week's revised level of 3,609,000. The 4-week moving average was 3,605,000, unchanged from the preceding week's revised average.
Will be “quietly” revised up to 402,000....
Unexpected! Apparently someone did not get obamma’s message that he is running for reelection and this does not help him.
...so I guess the unemployment rate went back to 8.9%....
“Unexpected”...hic-cup!
Let’s see if Barry is so quick to rush in front of the cameras today. Last week’s boost was due to seasonal hiring. Those who were let go from their holiday jobs after the new year are just now filing - along with other first quarter layoff casualties.
...so I guess the Obuma unempolyment rate is back to 8.9%...true rate is 12.5% ..LS media will never give us the real numbers....
So the actual number of claims, 642,381, was "seasonally adjusted" to 399,000; and the actual increase of 102,314 was "seasonally adjusted" to 24,000.
When the "seasonal adjustments" are of this magnitude, the "seasonally adjusted" numbers are just fiction.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.