Posts Tagged ‘government propagandist’

Unemployment Claims…..again…..

September 22, 2011

Blah, blah, blah……….

Another week, another UPWARD revision (which is NEGATIVE) from the “government propagandists statisticians”.

From CNBC:

“Applications for unemployment benefits dropped to 423,000 in the week ending Sept.17 from an upwardly revised 432,000 the prior week, the Labor Department said on Thursday.”

Remember last week:

“The Labor Department says weekly applications rose by 11,000 to a seasonally adjusted 428,000.”

See that, they said the number was 428,000 last week, but really it was 432,000.

And the four week moving average is (still from CNBC):

“The four-week moving average of claims, which smooths out volatility, rose to 421,000 from 420,500 the prior week.”

But the prior week it was:

“The four-week average, a less volatile measure, rose for the fourth straight week to 419,500.”

Shouldn’t the article MENTION that revision??

Since no one is taking my wagers, I will make it a little more interesting.  I will wager that next week, this weeks number will be closer to 427,000 than 423,000.  Any takers??

FIRE all the propagandists!!!