Midknight Review -- new and revised: First time benefit claims 642,000 or is it 399,000 or will it be 403,000?

Claims for first-time jobless benefits rose last week reversing a recent decline. Unemployment claims jumped to a six week high of 399,000 last week. The number will be adjusted to over 400,000 during the next five days and reported by some media outlets along with next weeks report.

Here is how the past five weekly reports have run. Note: all numbers are seasonally adjusted. How does that effect the weekly reports? The weekly report for Jan 7 gives us a typical answer of sorts: The actual number of folks making request for first time benefits (week ending Jan 7 and without any seasonal adjustment) was 642,000 for the week. Why we don’t simply report actual numbers such as this, with appropriated and accompaning explanation is beyond me, but all Administrations do it. Suffice it to say that the jobless rate is much worse than the Obama people want you to believe, during this campaign season.

Jan 7 399,000 unadjusted. I expect this to be 403,000 after revision, based on past reports.

Dec. 31 372,000 adjusted upwards revised to 375,000.

Dec. 24 381,000 adjusted upwards to 387,000

Dec. 17 366,000 / first adjust to 364,000 but later reported back to 366,000 Note: this number is highly problematic.

Dec. 10 368,000 (I actually do not remember this report.)

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

First time benefit claims 642,000 or is it 399,000 or will it be 403,000?

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