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IS UNEMPLOYMENT REALLY GOING DOWN?????????

 
Joe_Neubarth
User ID: 619969
United States
07/22/2009 07:37 PM
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IS UNEMPLOYMENT REALLY GOING DOWN?????????
Each week the 50 states list the number of people who have filed new Unemployment Insurance Claims. The Department of Labor compiles that data and puts out the weekly Unemployment Insurance Weekly Claims report.


[link to www.dol.gov]

For the past five weeks the numbers of claims filed have been (from top to bottom):

June 13 554,405

June 20 566,586

June 27 556,863

July 4 577,506

July 11 667,534


If you look at the trend, you can quite clearly see that more and more people are filing for unemployment insurance benefits with only one slight decline on June 27th. That 667,534 last week was frightening. Yet, the Obama administration has the DOL “adjusting the numbers” for seasonal variances. These are the actual claims that people filed in the week. How can you adjust actual claims for seasonal variances and pretend that the people didn’t fill out the claim? That just does not make sense to me. If they filled out the claim, they must have lost their jobs. According to the DOL, the revised numbers of unemployed for the week ending July 4th were 565,000 about 12,000 less than were actually filed. Then on July 11th they reported that only 522,000 filed for unemployment. That was over 45,500 difference. I wonder if those people would be upset if they knew that they were not unemployed and just faking it.

Since so many people really were not unemployed, (even though they filled out the paperwork) the Obama administration loudly announced that unemployment is rapidly going down. Hooray!

That announcement caused the stock market to rally for a week and the market went up over 8% during that time. Meanwhile, I am scratching my head in wonder. If all we have to do to get rid of our economic problems is alter the data and say everything is wonderful, why have we not done this in larger fashion? Hummm?


Tomorrow morning the next weekly report comes out. I wonder how WONDERFUL it will be?
Anonymous Coward
User ID: 732227
United States
07/22/2009 07:42 PM
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Re: IS UNEMPLOYMENT REALLY GOING DOWN?????????
Everything is make believe now.
Reality will crash that party soon enough.
Anonymous Coward
User ID: 272605
United States
07/22/2009 07:44 PM
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Re: IS UNEMPLOYMENT REALLY GOING DOWN?????????
Everything is make believe now.
Reality will crash that party soon enough.
 Quoting: Anonymous Coward 732227

yeppers, Septemberish!
Lexion

User ID: 731237
United States
07/22/2009 07:45 PM
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Re: IS UNEMPLOYMENT REALLY GOING DOWN?????????
No.

People are running out
of their benefits.

MSM spins it as unemployment
going down.

Sad, but true.

Lex
Anonymous Coward (OP)
User ID: 619969
United States
07/22/2009 08:42 PM
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Re: IS UNEMPLOYMENT REALLY GOING DOWN?????????
It is one thing to make minor adjustments to the numbers, but the DOL saying unemployment is going down when it is actually rapidly increasing is total hogwash!
Anonymous Coward
User ID: 563271
United States
07/22/2009 08:44 PM
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Re: IS UNEMPLOYMENT REALLY GOING DOWN?????????
NO!!!

Next Question please
Anonymous Coward (OP)
User ID: 619969
United States
07/22/2009 09:40 PM
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Re: IS UNEMPLOYMENT REALLY GOING DOWN?????????
The real economic picture is really frightening. So why does this administration lie all of the time?
Anonymous Coward
User ID: 271412
United States
07/22/2009 09:46 PM
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Re: IS UNEMPLOYMENT REALLY GOING DOWN?????????
They said on the local news two days ago that unemployment was going to run out for about two thirds of the people drawing it by next week. That means that they will technically not be on the unemployed list.

I know of three people on this street whose benefits have run out so they are no longer on the list either..
Anonymous Coward
User ID: 632185
United States
07/22/2009 09:48 PM
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Re: IS UNEMPLOYMENT REALLY GOING DOWN?????????
No.

People are running out
of their benefits.

MSM spins it as unemployment
going down.

Sad, but true.

Lex
 Quoting: Lexion

I wish more people would realize this...that those numbers don't count the people who ran out.

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