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LWW
09-10-2010, 03:08 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">"For the latest reporting week, nine states didnít file claims data to the Labor Department in Washington because of the Labor Day holiday earlier this week, a department official told reporters. California and Virginia estimated their figures and the U.S. government estimated the other seven." </div></div>

And the left lapped up the spoon fed LIES (http://www.bloomberg.com/news/2010-09-09/jobless-claims-in-u-s-decreased-27-000-to-451-000-last-week.html) just as the regime knew they would.

LWW

LWW
09-10-2010, 03:10 AM
Let's not forget ... even the imaginary "GOOD NEWS" yields a scenario where at this rate <span style='font-size: 14pt'>23,452,000</span> Americans per year would lose their jobs.

LWW

llotter
09-10-2010, 09:55 AM
Even before the age of The Moron, numbers produced by government were highly suspect. But, knowing the most Leftist regime in history is now in charge and that they always follow their sacred code that the ends justify any means, it is a given that those numbers do not reflect reality when its not convenient.

jimmyg
09-10-2010, 10:08 AM
Additionally, as previously posted: "Upon closer examination, the 451K print in initial jobless claims merely means that ever more people are being shifted over to extended benefits, which increased by 64.7K. And yes, anything over 400K means no job creation (private or census), contrary to whatever the DOL may want everyone to believe."

J

llotter
09-10-2010, 10:16 AM
Yes, and I think you also noted previously that it seems to be a weekly procedure to adjust the previous numbers to make the current week look better.

jimmyg
09-10-2010, 06:24 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: llotter</div><div class="ubbcode-body">Yes, and I think you also noted previously that it seems to be a weekly procedure to adjust the previous numbers to make the current week look better. </div></div>

Yes, exactly. It's almost standard procedure. Their weekly number is almost always revised lower, but the comparison is made to the higher, first, number.

There's also an birth/death model that is included in the monthly jobs report that is also quite comical. It's a fantasy, totally estimated, adjustment to the overall employment numbers and is used to adjust the real numbers to a more palatable number for public consumption.

Quite frankly, without this, and other knowledge, anyone discussing economics is like someone discussing architecture without knowledge of triangulation.

J

LWW
09-11-2010, 03:55 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: llotter</div><div class="ubbcode-body">Yes, and I think you also noted previously that it seems to be a weekly procedure to adjust the previous numbers to make the current week look better. </div></div>

That was a prediction of Orwell. Once the educational system had been politicized and decimated, the partybots would accept whatever "TRUTH" was told today even if it was in direct conflict with what they were told was "TRUTH" the day before.

LWW