Article

2011-12-01 Economy

Initial Jobless Claims Back Over 400K, Prior Revised Higher As 91% Of The Time

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Posted by Beavis 2011-12-01 08:48|| || Front Page|| [2 views ] Top

#1 The scary part of this article is that Continued Claims are revised upward 100% of the time.

The chances of that this is an accident is 0.

Posted by Frozen Al 2011-12-01 09:23|| 2011-12-01 09:23|| Front Page Top

#2 The inflation figures are similarly massaged.

Posted by Bright Pebbles 2011-12-01 09:36|| 2011-12-01 09:36|| Front Page Top

#3 I think one of the reasons the 'next week adjustment' has been up lately (and this has been true for quite a while, not just 2011)is because of reporting problems in California. The unemployment rate there has been over 11% for some time and the various offices processing claims have been overwhelmed.

Posted by Lord Garth 2011-12-01 10:13|| 2011-12-01 10:13|| Front Page Top

#4 Yep. There are reports of a 3-4 week backlog.

Posted by Pappy 2011-12-01 12:59|| 2011-12-01 12:59|| Front Page Top

#5 "The chances that this is an accident is 0."

"The inflation figures are similarly massaged."

In other words, THEY LIE. Incessantly.

Posted by Barbara 2011-12-01 14:30|| 2011-12-01 14:30|| Front Page Top

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