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Jobless Claims Up For Fourth Week In A Row

From a suddenly awakened Reuters:

Jobless claims rise for 4th straight week

Jason Lange
May 31, 2012

WASHINGTON (Reuters) – New claims for unemployment benefits rose last week for the fourth straight week, which could heighten concerns the labor market recovery is softening.

Er, as far as we know, this is the first time Reuters has admitted that the weekly jobless claims have been up. (See list of past three weeks articles, below.)

Instead, they have played the game of comparing the latest unrevised number to the prior week’s revised number in order to claim that the claims number has remained unchanged.

Initial claims for state unemployment benefits rose 10,000 to a seasonally adjusted 383,000, the Labor Department said on Thursday.

The prior week’s figure was revised up to 373,000 from the previously reported 370,000. Economists polled by Reuters had forecast claims unchanged last week.

In fact, given that last week’s figure was revised up by 3,000 the new claims number is up 13,000 from what Reuters reported last week.

Claims have now risen in seven of the last eight weeks. Most of those increases were marginal and the overall level of claims has held at levels consistent with a modest recovery in the labor market

For crying out loud. They simply can’t stop themselves.

Still, Reuters is far more honest in their reporting that the Associated Press:

US filings for unemployment aid at a 5-week high

CHRISTOPHER S. RUGABER
May 31, 2012

WASHINGTON (AP) — The number of Americans seeking unemployment benefits rose last week to a five-week high, evidence that the job market remains sluggish.

The Labor Department said Thursday that weekly applications for unemployment aid rose 10,000 to a seasonally adjusted 383,000. The four-week average, a less volatile measure, increased for the first time in a month to 374,500.

Applications had leveled off at about 370,000 for four weeks. That decline suggested that hiring could pick up in May. When applications drop below 375,000, it typically suggests that hiring is strong enough to reduce the unemployment rate…

Notice that the AP does not even bother to mention that new jobless claims have actually gone up for four weeks in a row. Which makes you wonder how that could indicate "that hiring could pick up in May."

And, as usual, the AP ignores the fact that last week’s number was revised up. In fact, the weekly jobless claims number has now been revised up 19 weeks in a row, and 64 out of the last 65 weeks.

But none of that matters to the AP. All they see is evidence that "hiring could pick up in May." They are completely shameless.

For the record, here are the Reuters and AP articles about the weekly jobless claims from the last three weeks, just to show how our one party media have been lying to us without the slightest qualms:

From last week, and the Associated Press:

Weekly US jobless aid applications little changed

By CHRISTOPHER S. RUGABER
May 24, 2012

WASHINGTON (AP) — The number of people seeking unemployment aid changed little last week, signaling modest job growth

And from Reuters:

Jobless claims little changed last week

May 24, 2012

WASHINGTON (Reuters) – New claims for unemployment benefits fell slightly last week, government data on Thursday showed, suggesting the labor market continues to expand at a moderate pace

From two weeks ago, and the Associated Press:

US unemployment aid applications stay at 370,000

CHRISTOPHER S. RUGABER

May 17, 2012

WASHINGTON (AP) — The number of people seeking unemployment benefits was unchanged last week, suggesting steady gains in the job market

From Reuters:

U.S. jobless claims hold steady at 370,000

Thu May 17, 2012

WASHINGTON May 17 (Reuters) – New U.S. claims for unemployment benefits were unchanged last week, according to government data on Thursday that will do little to ease concerns about a recent slowdown in jobs growth…

From three weeks ago, and the Associated Press:

US applications for unemployment aid dip to 367K

Thursday, May 10, 2012

WASHINGTON (AP) – May 10, 2012 (WPVI) — The number of people applying for U.S. unemployment benefits ticked down last week following a sharp drop the previous week.

Applications are falling again after rising for most of April, suggesting hiring could pick up this month

And from Reuters:

Drop in jobless claims eases labor market fears

May 10, 2012

WASHINGTON (Reuters) — The number of Americans submitting new applications for jobless benefits edged down last week, easing concerns that the labor market was deteriorating after surprisingly weak employment growth in April

Again, we now know that every one of these reports was a lie. In fact, we knew it when they were posted.

This article was posted by Steve on Thursday, May 31st, 2012. Comments are currently closed.

5 Responses to “Jobless Claims Up For Fourth Week In A Row”

  1. Rusty Shackleford says:

    Jobless claims up? Must be Thursday!

    I have crossed off every Thursday on my calendar and replaced it with the word “unexpectedly”.

  2. Astravogel says:

    Wow, that “Modern Math’ sure is flexable!

  3. P. Aaron says:

    In case the AP hasn’t noticed, we’re running out of May.

  4. JohnTheBuilder says:

    What amazes me is that every week when the number is “less” than the week before there is this additional editorial comment “easing job market concerns”, or something like it. That sounds like the column is already written and a few numbers are just punched in prior to publishing.


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