Initial Jobless Claims: -23K to 369K vs. 372K consensus, 392K prior (revised). Continuing claims...

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Ganeshdindodi Comments (72)
 
Revised numbers looks big.
25 Oct 2012, 08:34 AM Reply Like

mfritz095 Comments (15)
 
Right, that is a big upward revision for last week which was already a lot higher than the previous week. This week's number will no doubt be revised up also. Still lousy employment picture with a lot of firms going to increase layoffs the rest of the year if the earnings reports are any indication. By end of 2012, unemployment is going to look even worse than it does now.
25 Oct 2012, 08:51 AM Reply Like

David Urban Comments (1034)
 
They will just take another eraser to the denominator and lower the unemployment rate.
25 Oct 2012, 11:14 AM Reply Like

schatzl Comments (391)
 
Revisions have gained massive upwards bias. Some years back you had revisions either way, now they're nearly guaranteed to be revised up with the original number often just managing the beat. It's become quite silly.
25 Oct 2012, 09:24 AM Reply Like

Whitehawk Comments (2774)
 
Yet from Bloomberg: "Firings Highest Since 2010 as Firms From Ford to Dow Face Slump"
25 Oct 2012, 09:33 AM Reply Like

jhooper Comments (4660)
 
"Also this morning, jobless claims fell back to their 4-week average after a brief plunge and spike caused by California reporting quarterly refilings one week late, which overwhelmed seasonal factors two weeks ago. At 369k, claims are almost equal to the 368k 4-wk average and have moved little since they were 363k in late March. "
25 Oct 2012, 09:55 AM Reply Like

pepper4 Comments (11)
 
The Government has been playing this shell game for years and always will. You don't need a weather man to see which way the wind blows (Dylan).
25 Oct 2012, 11:30 AM Reply Like

azblackbird Comments (358)
 
Yeah but, but, but, we have to keep the numbers massaged. If the sheeple were to know the truth, we'd have a stampede on our hands.

Here within the next 6 months, we'll be busting the 400k number. I guarantee it. No massaging... just the truth!
25 Oct 2012, 01:58 PM Reply Like

WMARKW Comments (8363)
 
The largest increases in initial claims for the week ending October 13 were in California (+26,935) !
25 Oct 2012, 12:09 PM Reply Like

David Urban Comments (1034)
 
No wonder they forget to report.
25 Oct 2012, 12:14 PM Reply Like