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AP: Jobless Claims Down Most In 3 Months!

From the never say die Associated Press:

US applications for unemployment aid drop sharply

May 3, 2012

WASHINGTON (AP) — The number of people seeking unemployment benefits fell last week by the most in more than three months.

For what it’s worth, last week’s number was revised up by 3,000. In fact, the new jobless claims number has been quietly revised up for 15 weeks in a row, and 60 out of the last 61 weeks. What are the odds?

The figure was a hopeful sign one day before the government releases the April jobs report. The Labor Department said Thursday that weekly unemployment aid applications fell 27,000 last week to a seasonally adjusted 365,000

The four-week average, a less volatile measure, ticked up to 383,500 last week, the highest level since December.

And yet we were just told that the AP has hope the monthly jobs number will be better? Isn’t four weeks a month even by the AP’s standard’s?

Last month, applications jumped after steadily declining since the fall. At the same time, hiring slowed. Those figures had sparked concerns that the job market was worsening after strong gains during the winter. But some economists said temporary layoffs stemming from the spring holidays might have inflated benefit applications.

Yes, because this was the first year there have ever been Spring holidays. And everyone gets laid off for Easter.

Also, lest we forget, it was a mild winter.

On Friday, analysts expect the government to report that employers added 163,000 jobs in April, while the unemployment rate was unchanged at 8.2 percent. That would be an improvement from March, when job growth slowed to just 120,000. But it would be below the average 246,000 jobs a month added from December through February.

And never mind that the four week unemployment average is the highest since December.

Many economists downplayed the March figures. They said a mild winter led employers to accelerate hiring in January and February. That made March’s job figures weaker…

Funny how we didn’t hear that when the news media was trumpeting those ‘great’ January and February numbers.

This article was posted by Steve on Thursday, May 3rd, 2012. Comments are currently closed.

4 Responses to “AP: Jobless Claims Down Most In 3 Months!”

  1. Astravogel says:

    Perhaps these reporters are from the same tribal
    group as Elizabeth Warren. Miller on O’Rielly last
    night suggested her Native American name might
    be Spreading Bull.

    • Petronius says:

      Kowabonga, Buffalo Bob. Elizabeth “marauding bands” Warren.

      Just imagine –– a real pinko Indian.

      Perhaps her American Indian ancestor was Chief Thunderthud? Or Princess Summerfall Winterspring? Or maybe it was Crawdad Six-Pack or Lachrymose Coyote? Or how about Duplicitous Diversificator? Or Relentless Redistributor? Or Chief Gimme-Your-Factory? Or Keep-a-Big-Hunk-of-It?

  2. untrainable says:

    …a mild winter led employers to accelerate hiring in January and February
    So now we finally hear the real inconvenient truth. Global warming creates jobs. And that’s without the keystone pipeline. That’s without drilling in the gulf. That’s without drilling in ANWAR. Just imagine how many jobs could be created if the administration would let oil workers actually work.

    The media’s efforts to cover Oblameless’s ass are beginning to collapse in on themselves like the proverbial house of cards. The lies have been “compounded“… just like his stories of clueless racist white ex-girlfriends who never actually existed. But that’s pretty much par for this administration and this media.

    • Rusty Shackleford says:

      I said this about two years ago. Obama will be the master of his own undoing. Such pomposity and arrogance are short-lived or, if long-lived, that much more cataclysmic.

      See this article in AT to get better perspective. The author spells it out clearly.


      I, for one, look forward to the ultimate demise of “America’s first dictator”. Let’s hope it’s an anomaly and never happens again.

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