Unexpected rise in jobless claims | TigerDroppings.com

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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21453 posts

Unexpected rise in jobless claims


LINK

And an upward revision of last week of course. Just to be consistant.

quote:

Initial claims for state unemployment benefits increased 13,000 to a seasonally adjusted 380,000, the Labor Department said on Thursday. The prior week's figure was revised up to 367,000 from the previously reported 357,000.








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dewster
Maryland Fan
Tennessee
Member since Aug 2006
9047 posts

re: Unexpected rise in jobless claims


Not good....hope it picks up soon.


This post was edited on 4/12 at 8:21 am


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udtiger
LSU Fan
Louisiana
Member since Nov 2006
24464 posts

re: Unexpected rise in jobless claims


Beat me to it.

BLS should be investigated for fraud.

I suspect if you took all of the "revised" numbers from the last legitimate reading, it probably would show an upward trend. However, most of the reports in the few months have been of fairly consistent declines with occasional "unexpected" jumps.






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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
22418 posts

re: Unexpected rise in jobless claims


quote:

The prior week's figure was revised up to 367,000 from the previously reported 357,000.
Shocker.






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udtiger
LSU Fan
Louisiana
Member since Nov 2006
24464 posts

re: Unexpected rise in jobless claims


Nice discussion of the "trend" of revisions prior to THIS week's UPWARD revision of last weeks number.





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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: Unexpected rise in jobless claims


HOw many times does it go up, and how long before it is finally admitted as being NORMAL?





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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
22418 posts

re: Unexpected rise in jobless claims


quote:

The Labor Department has now revised upward its first estimate of seasonally adjusted claims in 56 of the past 57 weeks
...from Udtiger's link...






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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: Unexpected rise in jobless claims


An article cited here earlier in the week was on an article Re female unemployment numbers for the last 39 months. The NYT said in it that we needed to wait until the FALL to make a determination on what was the cause. The greatest number of people effected by the RECESSION(can't say the D word) have been women in America.





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MFn GIMP
LSU Fan
Owensboro, Kentucky
Member since Feb 2011
8461 posts

re: Unexpected rise in jobless claims


quote:

The Labor Department has now revised upward its first estimate of seasonally adjusted claims in 56 of the past 57 weeks


I am genuinely surprised it hasn't been 57 out of 57.






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Anodyne
LSU Fan
Member since Oct 2011
2162 posts

re: Unexpected rise in jobless claims


That is fraud...I would love to see an argument against this being fraud that has it nexus in the department of labor and is carried forward by the media. 56 out of 57 times?!? Really!?!





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Aubie Spr96
Auburn Fan
lolwut?
Member since Dec 2009
13989 posts

re: Unexpected rise in jobless claims


Exactly. Reminds of that scene from The Princess Bride.
quote:

I do not think that means what you think it means






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Aubie Spr96
Auburn Fan
lolwut?
Member since Dec 2009
13989 posts

re: Unexpected rise in jobless claims


quote:

Unexpected rise in jobless claims


Found it!







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coloradoBengal
LSU Fan
Member since Sep 2007
32608 posts

re: Unexpected rise in jobless claims


nvm


This post was edited on 4/12 at 9:57 am


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constant cough
LSU Fan
Lafayette
Member since Jun 2007
36267 posts

re: Unexpected rise in jobless claims


quote:

Unexpected



Of course...






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los angeles tiger
LSU Fan
1,601 miles from Tiger Stadium
Member since Oct 2003
55976 posts

re: Unexpected rise in jobless claims


It's always an "unexpected" rise in claims and an "unexpected" tsunami and "unexpected" oil platform explosion.

I do have the Obama campaign slogan for his re-election and am posting it here for all to see and calling on VOR to be my legal rep to copyright it immediately for me so I can sue if it is used and I am not compensated.

"EXPECT THE UNEXPECTED! Obama 2012"



This post was edited on 4/12 at 10:02 am


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LSUgusto
Member since May 2005
16285 posts

re: Unexpected rise in jobless claims


So, after the "seasonably adjusted" changes and next week's "revised upwards" corrections, we're still looking at almost 400,000 weekly jobless claims after "the stimulus worked" and "Obama saved us" BS?

Only a Democrat with a complicit media could get away with this nonsense. Shame on people for supporting this complete failure of a presidency.






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Jake88
George Mason Fan
Member since Apr 2005
8101 posts

re: Unexpected rise in jobless claims


It's not on CNN's website that I can find. That's covered with the distraction out of Florida.





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NHTIGER
LSU Fan
Central New Hampshire
Member since Nov 2003
9377 posts

re: Unexpected rise in jobless claims


quote:

It's not on CNN's website that I can find. That's covered with the distraction out of Florida.



Have to click on their MONEY section ...

LINK






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ChineseBandit58
LSU Fan
west of the pines
Member since Aug 2005
9705 posts

re: Unexpected rise in jobless claims


Why doesn't this get questioned EVERY TIME the administration trots out a new 'improvement' in joblessness = 'good times ahead.'

Any responsible journalist would have pounced on that the third or fourth time the initial report had to be 'revised upward' - but after 56 of 57 reports have been low-balled, you would think it would be perfunctory exercise to challenge it.

crickets






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NHTIGER
LSU Fan
Central New Hampshire
Member since Nov 2003
9377 posts

re: Unexpected rise in jobless claims


quote:

Any responsible journalist would have pounced on that the third or fourth time the initial report had to be 'revised upward' - but after 56 of 57 reports have been low-balled, you would think it would be perfunctory exercise to challenge it.



It will be interesting to see how Shepard Smith treats today's figures in his 3 PM (EST) broadcast on Fox. With the MSM claiming in 7 of the last 8 weeks that the first-times claims figure was "the lowest since 2008", Shepard has introduced each of those week's numbers with phrases like "Great news for the economy" and "The economy continues to strengthen" while gushing with excitement. Will he look somber today while reporting this "setback"?






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