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MORE games with U.S. jobs numbers
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Talk Economics
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TOPIC: MORE games with U.S. jobs numbers
MORE games with U.S. jobs numbers 3 Years ago Karma: 280
Things can get quite embarrassing for the propagandists when there are DELAYS in getting the banksters' morning script delivered to them - so they know how they are supposed to "interpret" the news.

Case in point was today's weekly lay-off number.

Last week the U.S. initially reported 380,000 lay-offs. This week the U.S. initially reported 386,000 lay-offs, but last week's number was REVISED HIGHER to 388,000.

So what are the propagandists reporting today?

"Jobless claims FELL this week."

This is a game they played throughout all of 2009 and much of 2010. The ORIGINAL estimate is always a low-ball number. Then when next week's (higher) estimate comes out they simply "revise" the previous week's number higher, compare that REVISED number to the new (low-ball) number for this week - and then report that "jobless claims are falling" (while the numbers get bigger and bigger).

However, where the SCRIPT problems come in is with respect to the "estimates" from all the "experts". Here's what Bloomberg wrote about today's job number EARLY this morning:

"U.S. Jobless Claims Fell to 386,000 "

U.S. jobless claims fell by 2,000 to 386,000, more than forecast...

Now here is what Bloomberg was saying about the SAME NUMBERS a few hours later (after it got the same script that the rest of the propaganda machine was reading from):

"More Americans Than Forecast Filed Weekly Jobless Claims"

Jobless claims fell by 2,000 to 386,000 in the week ended April 14 from a revised 388,000 the prior period that was higher than initially estimated, Labor Department figures showed today in Washington. The median forecast of 47 economists surveyed by Bloomberg News called for a drop to 370,000. Revisions to previous data have been larger than normal and the government is trying to determine the cause, a Labor Department spokesman said as the figures were released to the press.

In the space of a few hours, Bloomberg was saying the EXACT OPPOSITE about the SAME NUMBERS.

Understand WHY Bloomberg was forced to change its original lie. SUPPOSEDLY the U.S. has a "strengthening recovery" on the way. So how could the EXPERTS have been expecting lay-offs to soar higher???

Obviously if you want to PRETEND that there is a U.S. recovery taking place then the experts should be "predicting" the numbers to get BETTER not WORSE. So with U.S. lay-offs now at a 4-month HIGH you can't have the EXPERTS for the propaganda machine predicting even WORSE numbers - while still gushing about the "U.S. recovery"...

Jeff Nielson
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Last Edit: 2012/04/19 09:59 By Jeff Nielson.
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