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Initial claiims increase -- no wait -- decrease over previous week's revised up figure
And so the gaming continues: Initial Claims miss expectations of a 383K print, coming at 387K, a number which next week will be revised to 390K. This is the 7th miss in a row, and 23rd miss of the past 26 weeks. It is also the highest 4 week average since December. But the mainstream media has its soundbite: "initial claims decline by 2,000" because, lo and behold, last week's 386K print was revised to 389K.
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And of course the headline reads. . .
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Being unemployed every day I feel like Bill Murray in Groundhog Day. Seems like Zero Hedge has the same feeling. May 24 2012 Initial Claims "Decline" Following Last Week's Revision, Durable Goods Ex-Transportation Miss Big Submitted by Tyler Durden...
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Lies Damned Lies And Statistics. May 10 2012 Edition
Ok. This week's number is 367K new unemployment claims. Last week's number was 365K new claims when they reported it last week. So it was an increase of 2,ooo claims over the previous week. But this week they raised last week's number to 368K...
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This Week's Numbers Game
U.S. Department Of Labor: UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA In the week ending November 5, the advance figure for seasonally adjusted initial claims was 390,000, a decrease of 10,000 from the previous week's...
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Wreckovery: 418,000 New Unemployment Claims Last Week
While much of America is distracted by the debt debate. . . CNBC: Unemployment Benefits Rise as Job Growth Falters New U.S. claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, pointing to a labor...
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Wreckovery -- How They Take That Greatest Depression Frown And Turn It Upside Down
Here's today's press release from The Department of Labor. It shows you how they take 169,000 increase in REAL PEOPLE becoming unemployed and turn it into 17,000 less PHONY PEOPLE becoming unemployed. Guess that's how they justify fucking...
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