Thursday, June 28, 2012

Adjusted Again

Last week's initial unemployment claims were 387K. Um, no, they weren't.

In the week ending June 23, the advance figure for seasonally adjusted initial claims was 386,000, a decrease of 6,000 from the previous week's revised figure of 392,000. The 4-week moving average was 386,750, a decrease of 750 from the previous week's revised average of 387,500.

Emphasis mine. So once again, for the second week in a row, instead of this week's 386,000 being essentially flat from last week's 387,000, we have a "drop" from last reek's "revised 392,000" claims. At this rate we will have a "drop in claims" every week and wind up with everyone in the nation on unemployment.

1 comment:

bruce said...

Drop in claims means everyone is employed, yes? Yayy for the Prez and the Demmocratz, run to the polls quickly....

Lies, damn lies and statistics. Oh, and politicians.

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