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Is that drop in EUC and Extended Benefits roll-offs or people finding jobs? Good question, and one that we'll get more of a handle on in the household survey next week.
The market seems to have figured out the fact that previous claims were revised up and thus the "drop" was false; the futures were off mildly after the release.
Is that drop in EUC and Extended Benefits roll-offs or people finding jobs? Good question, and one that we'll get more of a handle on in the household survey next week.
The market seems to have figured out the fact that previous claims were revised up and thus the "drop" was false; the futures were off mildly after the release.
The claims numbers are adjusted ALL the time - and that's always been the case. The changes are made as updated data comes in. Sometimes the adjustments are up and sometimes they are down.
What's your point?
The author of that link you posted is clearly trying to imply with his "chuckle" that the government is manipulating the numbers to make them look better. However, he conveniently neglects (as such folks pretty much always do) that along with the revision DOWN for one week there was also a revision UP for the prior week. Why does he neglect to mention that? - because it undermines his stoooopid contention that the government is manipulating the numbers? If the government is manipulating the numbers WHY would they revise a week UP? Folks like him are the ones "manipulating" - they are manipulating YOU - otherwise why would he only mention HALF the announcement (and add his little sarcastic "chuckle")?
The author is a bullsh*tter - and the ones he's bullsh*tting are his readers.
"The prior week's figure was revised up to 364,000 from the previously reported 348,000. Economists polled by Reuters had forecast a claims reading of 350,000 for last week. "
Okay Ken, then why doesn't Main Street Media report that instead of trying to make everyone believe that the recovery is great , when the numbers show that they don't have a clue, just play the the BLS model to make it fit the headlines.
Okay Ken, then why doesn't Main Street Media report that instead of trying to make everyone believe that the recovery is great , when the numbers show that they don't have a clue, just play the the BLS model to make it fit the headlines.
They DID report it.
What do you think I LINKED to?
The Securities and Exchange Commission announced that Thomas J. Butler has been appointed the new head of the Office of Credit Ratings. He starts Monday and will supervise a staff of about 25 lawyers, accountants and examiners who will monitor firms such as Moody's Investors Service and Standard & Poor's.
So now the government will decide who gets the triple AAA rating for a country.,,,,,,
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Unemployment adjusted upwards agian
Folks like him are the ones "manipulating" - they are manipulating YOU - otherwise why would he only mention HALF the announcement (and add his little sarcastic "chuckle")?
