I was NOT going to write about unemployment for a while, after last week’s summary. BUT, sometimes I get so frustrated with “reporting” that I have to do something.
Here is an article from CNBC, and I want to rip apart the HEADLINE and the FIRST sentence!!
First, the headline. The headline reads:
“Weekly Jobless Claims Stay on Downward Drift, Fall 6,000″
“Downward drift”?? What are you talking about?? You cannot be serious!! Here is a quote from the same article giving the “FACTS” (and I use that term loosely):
“Initial claims for state unemployment benefits fell 6,000 to a seasonally adjusted 357,000, the lowest level since April 2008, the Labor Department said on Thursday.”
357,000!!! Remember that number, we’ll come back to it later. Now, let’s look back and see what the
Liar Propaganda Labor Department said previously:
“The Labor Department says weekly unemployment benefit applications fell 5,000 to a seasonally adjusted 359,000.”
Which indicates that last week’s number has been REVISED UPWARD AGAIN, this time by 4,000 claims(357,000+6,000=363,000, not 359,000, but THEY said 359,000).
The week before they said:
“Initial claims for state unemployment benefits fell 5,000 to a seasonally adjusted 348,000, the lowest level since February 2008, the Labor Department said.”
BUT WAIT!!! Didn’t they say that we were “staying on a downward drift”?? Let me think about this, two weeks ago THEY said we were at 348,000, then we were at 363,000, and last week we went down for ONE WHOLE WEEK to 357,000, that is a “downward drift”?? Are you serious??
Now , the first sentence:
“The number of Americans lining up for new jobless benefits fell to the lowest level in nearly four years last week, according to a government report that showed ongoing healing in the labor market.”
WHAT?? This is COMPLETELY UNTRUE!!! Oh wait, let me read that again. “…fell to the lowest level in NEARLY four YEARS last week…” Oh, I see!!! 2 weeks is really, almost, kinda like, real close to 4 YEARS!!! NO!!! This is WRONG it is not even CLOSE!!!
Let’s go ALL THE WAY BACK to March 8th and see what the Labor Department said:
“Jobless claims in the U.S. rose to the highest level in five weeks, climbing by 8,000 to a seasonally adjusted 362,000, the Labor Department said Thursday. Claims from two weeks ago were revised up to 354,000 from 351,000.”
If I could highlight that 354,000 more I would, because the last time I checked 354,000 was LESS THAN 357,000!!! And that was a REVISED NUMBER!!!
What do you say about your “reporting” CNBC? Are we going to get an apology for this out right LIE?? It is a sad state of the world when the propagandists can not even get the story right!!!