First time claims for benefits exactly the same as the week before.

The Administration continues to play the "headline" game,  under-reporting the weekly report 63 out of the past 64 weeks.  Take it to the bank,  this week's report for the week ending on May 19,  will be revised up by one, two, three or four thousands with next weeks report. 

The news headlines,  this week,  tell us that  The 370,000 new claims is a slight decline from last week's upward revision of 2,000 for the previous week  while the truth is this:  the initial report for May 19 is precisely the same as the initial report for the week before.  

____________________________

End Notes/ Initial Reports and Revisions: 

May 19 - initial report is 370,000

May 12 - initial report 370,000 , adjusted up to 372,000 (63 out 64 weeks this adjustment has been higher than its initial report)
May 5 - first report is 367,000 - revised with the May 12 report to 370,000
April 28 - first report is 365,000 ---  adjusted up to 368,000 with the May 3 report
April 21 _  first report for week ending on the 21st,  is 388,00 - the same initial report as last week's.  An adjustment [upward ?] will occur with next Thursdays report.  This was adjust up to 392,000.  
April 14 - first report is 388,000 to be adjusted next Thursday.  Adjust  number is 389,000
April 7 :  first report is 380,000 off an estimate of 359,000. This number was adjusted up to 388,000 !!!
March 31:  first report was 357,000 but was adjusted upwards by 10,000 to 367,000
March 24 (week ending)  --  359,000,  adjusted up 11,000 from the first report of the week before. 


Read Zero Hedge on this weeks totals.