Jobless claims report, July 8, 2010, Down?, Seasonally adjusted down, Claims up
The Jobless Claims report was released by the US Labor Dept. this morning. Everyone is reporting, and the stock market is rejoicing, that claims were down. Here are the actual numbers.
“In the week ending July 3, the advance figure for seasonally adjusted initial claims was 454,000, a decrease of 21,000 from the previous week’s revised figure of 475,000.”
“The advance number of actual initial claims under state programs, unadjusted, totaled 463,560 in the week ending July 3, an increase of 22,560 from the previous week. There were 581,145 initial claims in the comparable week in 2009.”
This is nothing to shout about:
“The 4-week moving average was 466,000, a decrease of 1,250 from the previous week’s revised average of 467,250.”
Read more:
Citizen WElls 
Again,
This does not count the nearly 700,000 that were just kicked off the books with the faiure of congress to extend the HEB 2 weeks ago. Of course there will be a drop in reporting claims, they are now eliminated from claiming.
This also does not account for the nearly 1 million that the government faiks to claim, as they say, quit looking for jobs on their own, so we will not count them either.
This also fails to mention the near 440,000 census wokers as new employment or jobs crerated, albeit temporary and at taxpayers expense.
This report also fails to mention that of the 440,000 new jobs created with the census, most were fired and rehired to count as a “new job”.
Folks, as I said months ago and continue to say, in the fall, heading towards the end of the 4th Qrt report, the end of the census jobs will begin to reflect the true unemployment numbers and each month thereafter, leading into the 1st Qrt of 2011, you will then see Wall Street investor confidence bottom out.
As I predict, the Market will hit to a low of about 6000. The “honest of good faith without verification” reporting of nations overstating their oil reserves, and the true reporting of unemployment in this Country alone, coupled with the facts of US Treasurey Printing more money than capable of defeating higher interest rates, the tables are set.
Check, and checkmate are reality, not a mere FDR extention of a recession into a full blown depression, caused by his new deal.
Trust me folks, we are only climing to the top of the rollercoaster, but it is enevitable that we must ride the downside and fearfull drop on the otherside.
There is no way out of this other than to ride it out as we did in the 1930’s.
Great news , just heard this on Rush , CNN , MSNBC , FOX news ratings plummet.
Keep up the good work , maybe when they hit rock bottom , the free press will return………
The 4-week moving average was 466,000, a decrease of 1,250 from the previous week’s revised average of 467,250.”
Well, let’s spread that across 50 states, shall we??
25 people in each state are no longer on the dole??
What a fricking joke—did Americans forget how to do math or it just the lame brain administration of this ‘strapped for intellectual leadership’ nation??
JJ // July 8, 2010 at 2:23 pm
What a fricking joke—did Americans forget how to do math or it just the lame brain administration of this ‘strapped for intellectual leadership’ nation??
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You know, the more we observe about this crazy administration, the more we can see that in some ways they are DUMB! I think that trait shows up mostly when they underestimate the power and intelligence of WE THE PEOPLE.
Now, on the other hand, when it comes to perpetrating their evil, vile ways they are extremely skilled and clever. Couple the Chicago way with the deception of Marxism and Islam and we have quite a devilish, beguiling mix. Never before in the history of our country have we been faced with the threat of tyranny like this.
There are three kinds of lies: Lies, Damn Lies, and Statistics.
Have fun with these.
http://webcache.googleusercontent.com/search?q=cache:jweGvqUNkGkJ:www.vegard.net/features/one-liners/+3+kinds+of+lies+big+lies,&cd=3&hl=en&ct=clnk&gl=us&client=firefox-a
Huge Cop Harasses 4’11” Woman Recording a SICK BP WORKER Being Taken Away in an Ambulance .
http://www.youtube.com/watch?v=ogKc-JewgCI
Cabby AZ,
As you know, obervation is a mere recognition of a symptom to the actual root cause. A third grade student cound understand the “fuzzy math” this admin is presenting.
**** New Post ****
It’s “absolutely clear” the U.S. economy is heading in the right direction, President Barack Obama said Thursday, amid fears that the economy had faltered.
http://thehill.com/blogs/blog-briefing-room/news/107713-obama-absolutely-clear-economy-is-headed-in-right-direction
The federal deficit in June surpassed the $1 trillion mark for the second straight year, but it’s on pace to be slightly lower than last year.
http://thehill.com/blogs/on-the-money/budget/107669-deficit-hits-1-trillion-in-june-for-second-straight-year
More Reasons to Support Israel
As Netanyahu returned to Washington and met again with Barack Obama on Tuesday, it’s important to recall what neither man would mention: the specific reason for the war between Israel and the Palestinian Arabs. It’s a religious war, just as the impending world war is also a religious war. The “Arab-Israeli” conflict over this or that piece of land is an Islamic narrative: taqiyya (religiously-sanctioned deception), to inflame the world and incite hatred against the Jews.
In fact, the conflict is not an Arab-Israeli anything. If it were, Muslim countries like Iran and Indonesia wouldn’t be so enflamed against Israel. It is Islam’s 1,400-year-old and continuing war against the Jews. That is the objective reality. The Koran calls the Jews the Muslims’ worst enemies (5:82), and says they’re accursed of Allah (9:30), who transformed them into apes and pigs (5:59-60). You don’t make peace with the people your god has told you are your worst enemies forever.
And secondarily, the Arab-Israeli conflict is the front line of Islam’s larger war against all unbelievers. As the world’s leading scholar on Islamic anti-Semitism, Bat Ye’or, said in an interview with me: “the Palestinian war was not only against Israel. The Palestinians, you have to see them as a tool or as an instrument of the Arab world to destroy Israel, and also as a channel to penetrate into Europe and Islamize Europe. It is exactly what they have done.”
by Pamela Geller, see whole article here:
http://bigpeace.com/pgeller/2010/07/07/the-religious-war-insidious-to-the-ignorant/
Could the Iranians be guilty of attacks toward Israel to make it look as it’s Palestinians??
Could the Iranian govt.have stolen the U.S. govt’s playbook??
Americans have to brace for the worst that is yet to come because US Economy will not be emerging from its current slumber anytime soon if ever. After pumping hundreds of billions of dollars in stimulus package and programs, the slightest ripple in recovery is yet to be witnessed. The govt. should have given the public the billions of dollars directly, instead of the big banks who were actually the culprits of the financial meltdown and present economic woes. Mscsrrr