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‘Unrevised’ Jobless Claims Are Up By 1,000

From the Associated Press:

US unemployment aid applications little changed

CHRISTOPHER S. RUGABER | June 21, 2012

WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits dipped last week but not by enough to indicate hiring will pick up.

Weekly applications for unemployment aid declined by 2,000 to a seasonally adjusted 387,000, the Labor Department said. That’s down from an upwardly revised 389,000.

Notice that the AP does not report how much last week’s number was revised up. It was, in fact, revised up by 3,000. Which means that today’s unrevised new claims are actually up 1,000 from last week’s unrevised report.

So the weekly jobless claims number has now been revised up 22 weeks in a row, and 67 out of the last 68 weeks. But the AP and the rest of the news media continue to play their games.

The four-week average, a less volatile measure, rose for the fourth straight week, to 386,250. It’s the highest level since December.

That would be the headline of this article if there were a Republican in the White House.

Applications are a measure of the pace of layoffs. They have been edging up in recent weeks after falling steadily over the fall and winter. In the past six weeks, applications have increased nearly 5 percent…

By the way, the economists polled by Reuters "had forecast claims falling to 380,000 last week." Isn’t it shocking to see them get it wrong again?

But don’t worry. In a few weeks we will be told that the unemployment rate for June somehow went down. Which is the Obama administration’s version of ‘voodoo economics.’

This article was posted by Steve on Thursday, June 21st, 2012. Comments are currently closed.

2 Responses to “‘Unrevised’ Jobless Claims Are Up By 1,000”

  1. Astravogel says:

    One example of a liar is having to have someone
    else call your dog; I wonder who calls these folks’
    dog?

  2. GetBackJack says:

    If the MSM weren’t actively involved in the crime of covering up the real numbers, we’d be seeing headlines about 18% unemployment


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