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AP: Jobless Claims Rise But Offers Hope

From the tirelessly upbeat Associated Press:

Jobless claims rise but broader trend offers hope

By Christopher S. Rugaber, AP Economics Writer
November 18, 2010

WASHINGTON – The number of people applying for unemployment benefits barely rose last week, offering some hope that the job market may be improving. But claims need to fall further to bring down the 9.6 percent unemployment rate.

The jobless numbers always "barely" rises. But when they go down the same amount, they "plummet."

Initial claims for jobless aid increased by 2,000 to a seasonally adjusted 439,000, the Labor Department said Thursday…

You’ll be shocked to hear that last weeks jobless numbers were revised up by the same number – 2,000. Of course you would never know that from the rose-colored AP.

This article was posted by Steve on Thursday, November 18th, 2010. Comments are currently closed.

5 Responses to “AP: Jobless Claims Rise But Offers Hope”

  1. mr_bill says:

    “…offering some hope that the job market may be improving.”

    One would expect initial unemployment claims to drop during November/December for seasonal hiring related to Christmas and Thanksgiving. They can’t even “massage” the numbers into positive territory with seasonal hiring and the “new method” of calculating seasonal adjustments that was quietly implemented a few months back. The new method, BTW, inflates the new seasonally adjusted numbers by about 14,000 over the “old method,” according to comparison numbers I crunched when the new method was implemented.

  2. bill says:

    Sigh, the recovery winter plods on.

    I note new housing starts hit their lowest ever a few days back. Sigh.

  3. Liberals Demise says:

    Sheez……..almost 2 years have come and past. The last 22 months have been worse than dismal and the AP puts on the air that help is on the way.

    The horse is dead, already! Whipping it does not tenderize it.

  4. Rusty Shackleford says:

    The good ol’ reliable MSM…running cover for their masters. But when the only message you have to sell is crap….people have enough of their own and don’t need to buy it from you. Looking at the readerships of newspapers today, subscriptions are way down. Naturally, like the NYT says, it’s because the reader is ungrateful for the work that they do. Yeah, that’s the best way to garner new subscribers or get canceled ones back. Brilliant.

    Here’s an idea: Print the facts. Un-editorialized, un-embellished, un-sterilized, un-slanted. But then, it would be easier to reign in the Moon, I think. Once, long ago, American news agencies and papers were all about “the scoop” and printing the unvarnished truth about things. Shoot, movies were made about it. It was one of the sources of pride in this (once) great nation. Now, they just print crap, talk crap and even the local news isn’t just reported…the “on-scene” reporter has to do a “bit” with a pre-recorded emotion-driven editorial about the kid whose bike was stolen.

    They say that “nobody wants the old way news was reported”. Well…yes, I do. Leave all the ‘flavor” out of it and let me decide what to make of it. I need no buzzwords and codespeak to help me make up my mind.

  5. Chuckk says:

    Why work? You can get 99 weeks of unemployment money, food stamps, rent assistance, other welfare etc. forever. Or you can get a job making minimum wage at KFC because you dropped out of school in 10th grade because your girlfriend got pregnant and you were failing everything anyway. Let me think about this for a few minutes. What to do….?

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