MORE games with U.S. jobs numbers 2 Years, 4 Months ago
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:
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"...
BullionBullsCanada.com is not a registered investment advisor - Stock information is for educational purposes ONLY. Bullion Bulls Canada does not make "buy" or "sell" recommendations for any company. Rather, we seek to find and identify Canadian companies who we see as having good growth potential. It is up to individual investors to do their own "due diligence" or to consult with their financial advisor - to determine whether any particular company is a suitable investment for themselves.