Green Energy

Unemployment decreases: ONE LARGE STATE DID NOT REPORT and accounts for most of the difference

Here we go all over again.

The key piece of info is HOW OFTEN DOES THIS HAPPEN?

Once a year? Once every 5 years? Once in 10 years?

CNBC:

Why Jobless Claims May Not Be as Good as Market Thinks
For the second time in a week, a government unemployment report is sowing confusion—and may not be as positive as the markets think.
First it was last Friday’s August payrolls report, which showed an unexpectedly large drop in the unemployment rate, that spurred confusion (andconspiracy theories). Now, a sharp drop in the pace of new jobless claims has also left people scratching their heads.
The Labor Department on Thursday said the number of peoplefiling jobless claims last week dropped by a seasonally adjusted 30,000—a pretty sharp decline, and one that left the total number of filings at a four-year low of 339,000.
Financial markets immediately rallied on the news. (Read more:Stocks Rise After Jobless Claims Hit 4-Year Low.)
While the government didn’t note any unusual factors in the release itself, a Labor Department official did tell news agencies covering the release about a quirk which partly accounted for the larger-than-expected drop.As Dow Jones reported: “A Labor Department economist said one large state didn’t report additional quarterly figures as expected, accounting for a substantial part of the decrease.”
The wording of that statement, along with the accompanying headlines, left the impression that one major state didn’t turn in its figures.
Here’s what actually happened. The state did report weekly jobless claims but did not process and report its quarterly claims number (when many people have to reapply for benefits for technical reasons as opposed to being newly laid off). As a result, there wasn’t the expected spike in claims that normally happens at the start of the quarter.
It is unclear why that happened or how unusual that is
In other words, the drop of 30,000 last week had more to do with the lack of expected re-filings at the start of the fourth quarter than with any particular improvement in labor market conditions.

Now, why would a LARGE STATE’s federal employees neglect to do everything in its power to ensure that the month before a national election of critical consequence, key figures over unemployment not be filed, thus artificially depressing unemployment numbers?

I just can’t imagine.

- Surprise! Ca Official Who Underreported Unemployment Figures Is Big Obama Donor
Bogus unemployment figures reported and who’s behind it? Why, an Obama donor. There needs to be a criminal investigation here, but don’t hold your breath.Marty Morgenstern, the secretary of the California agency that substantially under-reported unemployment...

- Making An Increase A Decrease
Newsmax: Stubborn Unemployment Claims Suggest Slowdown in Job Creation The number of Americans claiming unemployment benefits for the first time fell only slightly last week, dampening hopes of a pick-up in job creation in April after March's slowdown....

- Jobless Claims Hit 8 Month High Due To Tornadoes Or Something
enuf about The Raid to End All Raids back to Earth Wreckovery Reuters: Jobless claims hit 8-month high By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing for jobless aid rose to an eight-month high last week and productivity growth...

- Wreckovery!
Bloomberg: Initial U.S. Jobless Claims Rose More Than Forecast to 445,000 Last WeekBy Courtney Schlisserman - Jan 13, 2011 10:06 AM ET The number of first-time claims for unemployment insurance payments jumped in the first week of 2011 to the highest...

- New U.c. Claims Highest In 6 Months
Yahoo: New claims for unemployment aid reach 484K New applications for jobless benefits rise to highest since February as layoffs continue WASHINGTON (AP) -- The employment picture is looking bleaker as applications for jobless benefits rose last week...

Green Energy