Upward Revision in Recession’s Job Losses

[davelj]

I was wondering if the birth-death adjustment was ever going to be revealed for the fraud that it is. At last…

http://finance.yahoo.com/news/Recessions-job-losses-likely-cnnm-1998556151.html?x=0

To his credit, Mish has written about this ad nauseam. Glad to see the shenanigans are finally being recongnized by the Officialdom.

[DWCAP]

It is kinda sad it took this long for the major news networks to start with this.

I wonder if they will ever dive into the unemployment numbers as well. It appears people are leaving the work force in droves, a ‘good thing’ or the U-3/6 would still be increasing right now.

Also, anyone notice how the claims unemployment benifits are over 500k for the past two weeks? It is seasonally adjusted down to ‘only’ 480k from an actual number of 530k. Now I understand the purpose of seasonal adjustments, but that doesnt change the fact that an additional 50000 people filed for claims, and prob reduced their spending, that wasnt account for in the offical numbers.

[DWCAP]

It is kinda sad it took this long for the major news networks to start with this.

I wonder if they will ever dive into the unemployment numbers as well. It appears people are leaving the work force in droves, a ‘good thing’ or the U-3/6 would still be increasing right now.

Also, anyone notice how the claims unemployment benifits are over 500k for the past two weeks? It is seasonally adjusted down to ‘only’ 480k from an actual number of 530k. Now I understand the purpose of seasonal adjustments, but that doesnt change the fact that an additional 50000 people filed for claims, and prob reduced their spending, that wasnt account for in the offical numbers.

[DWCAP]

It is kinda sad it took this long for the major news networks to start with this.

I wonder if they will ever dive into the unemployment numbers as well. It appears people are leaving the work force in droves, a ‘good thing’ or the U-3/6 would still be increasing right now.

Also, anyone notice how the claims unemployment benifits are over 500k for the past two weeks? It is seasonally adjusted down to ‘only’ 480k from an actual number of 530k. Now I understand the purpose of seasonal adjustments, but that doesnt change the fact that an additional 50000 people filed for claims, and prob reduced their spending, that wasnt account for in the offical numbers.

[DWCAP]

It is kinda sad it took this long for the major news networks to start with this.

I wonder if they will ever dive into the unemployment numbers as well. It appears people are leaving the work force in droves, a ‘good thing’ or the U-3/6 would still be increasing right now.

Also, anyone notice how the claims unemployment benifits are over 500k for the past two weeks? It is seasonally adjusted down to ‘only’ 480k from an actual number of 530k. Now I understand the purpose of seasonal adjustments, but that doesnt change the fact that an additional 50000 people filed for claims, and prob reduced their spending, that wasnt account for in the offical numbers.

[DWCAP]

It is kinda sad it took this long for the major news networks to start with this.

I wonder if they will ever dive into the unemployment numbers as well. It appears people are leaving the work force in droves, a ‘good thing’ or the U-3/6 would still be increasing right now.

Also, anyone notice how the claims unemployment benifits are over 500k for the past two weeks? It is seasonally adjusted down to ‘only’ 480k from an actual number of 530k. Now I understand the purpose of seasonal adjustments, but that doesnt change the fact that an additional 50000 people filed for claims, and prob reduced their spending, that wasnt account for in the offical numbers.

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