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Jobless Claims At 6 Month High, Shutdown Blamed

From the whirling dervishes at Reuters:

California, government shutdown lift U.S. jobless claims to 6-month high

By Lucia Mutikani | October 10, 2013

WASHINGTON(Reuters) – The number of Americans filing new claims for unemployment benefits hit a six-month high last week amid a computer glitch in California, but the underlying trend pointed to a steadily improving labor market.

You see? A six month high in unemployment claims just points to "a steadily improving labor market." By the way, we heard precious little about this compute glitch in California when the news media were trumpeting the lower jobless claim numbers last week.

Initial claims for state unemployment benefits increased 66,000 to a seasonally adjusted 374,000, the highest level since the end of March, the Labor Department said on Thursday.

California, which is still dealing with technical problems from the upgrading of its computers, accounted for about half of the increase in claims, a Labor Department analyst said…

Did these same people do the Healthcare.gov websites, too?

In addition, 15,000 of the claims were from nonfederal workers affected by the partial government shutdown, which is now in its second week, the analyst said…

So only a measly 15,000 of these 66,000 new jobless claims are from furloughed workers. And yet they are featured in the headlines here and all over the mainstream news media.

And, lest we forget, these federal workers are going to get their back pay. So they are getting a paid vacation plus unemployment benefits. Isn’t that a sweet deal?

And don’t worry, it will be impossible for the government to get those unemployment checks back. The unions will see to that.

Economists polled by Reuters had expected first-time applications to rise to 310,000 last week.

And they were only off by 74,000 jobs. And they erred in Obama’s favor. What a shock.

The claims data is collected by states and is the only government report being published during the shutdown and is being closely watched for clues on the health of the job market…

And never mind that these weekly jobless claims numbers always have to be revised way down. At least when there is a Democrat in the White House.

This article was posted by Steve on Thursday, October 10th, 2013. Comments are currently closed.

2 Responses to “Jobless Claims At 6 Month High, Shutdown Blamed”

  1. Noyzmakr says:

    Reuters and the AP are not journalist organizations, they’re just spin doctors for the DNC who spend all their time figuring out the best way to spin news stories to make them look good for the regime. Why do we even read their crap? Why even post it? If want to be lied to, I’ll just watch Obama give a speech.

  2. GetBackJack says:

    Roto-Reuter has it all wrong. Now that people know they can kinda sorta live on Government Handouts, what’s the point to working? Nothing to work for, anyway. Everything’s illegal ..

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