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Initial Claims are Still on Slowly Improving Trend
Jobless Claims Really Jump by 40,000 – Normal For This Week, But Means Fed Blowing Stock Bubble
by Lee Adler, Wall Street Examiner
The headline jobless claims number is wrong again this week. Last week the headline number was too weak and this week it is too strong. When will it ever be just right? Probably never. In reality, the actual weekly change of an increase of approximately 40,000 is perfectly normal and perfectly in line with the trend of the past two years. That trend has been amazingly consistent and boring. The few exceptions always are a result of external events, like Superstorm Sandy last year, or March’s sequestration castration.
The problem is that Wall Street and its handmaiden captured propaganda media feeds the crowd a bunch of fictitious bullshit every week that leaves people scratching their asses in bewilderment because the data is so deliberately confusing. There’s no excuse for it. The Department of Labor publishes the actual numbers right along with the fictitious numbers, but I guess the Wall Street media has left it to me to report them to you. So I shall. It’s just a shame that you are one of a very few people in the world who want to know the facts. Read more »
2013-04-12 22:01:43
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