Obama Fails Again on Jobs--Loses 927,000 Jobs in Two Weeks: Lies, Damn Lies and Statistics

The Labor Department reported the weekly number of new unemployment claims filed last week on this Thursday morning, leading to the sual LIES in the headlines. Journalists" are both stupid people and dishonest people The headline on Marketwatch.com, and presumably the mainstream media, was how the number of jobless claims had fallen 23,000. By any apples to apples comparison, that was an outright, bald faced, corrupt, disgraceful LIE.

I have been reporting week after week that the weekly jobless claims number is REVISED every week (the revision being reported the following Thursday). That revision has been CONSISTENTLY upward for months now, generally by about 3 or 4 thousand. That means the headlines EVERY WEEK have LIED, because "journalists" do not seem to realize (or are conspiring to lie to you) that they are always comparing the "raw" number this week with the REVISED number for last week. Since the revision is always UP, this means that the number ALWAYS "looks" (and the headlines say so) better than it is. But this week was especially ridiculous--calling into question the HONESTY of the government numbers. No, it does NOT "call into question" the honesty of "journalists". It is already PROVEN that they are DISHONEST.

What was the "raw" number of jobless claims reported last week (for, of course, the previous week)? It was 462,000, and the headline said this was a rise of 13,0000. As I have stated week after week, the headline LIED. The previous week's raw number was 445,0000. Comparing apples to apples, this meant that the number of jobless claims two weeks ago rose 17,000 (not 13,0000 (17,000 being the difference between the "raw" numbers reported in the two weeks--the difference between 445,0000 and 462,0000). Instead, the lying media compared the "raw" 462,000 with the REVISED 449,0000, to get the LIE of a rise of 13,0000.

But it gets worse. What was the actual REVISION of last week's raw number? It was not 3 or 4 thousand this time. It was 13,000!!!!!!!! Yes, last week's reported raw number was revised this week from 462,000 to 475,000--26,000 HIGHER than the previous week's revised number of 449,000. That is how you got a miracle (a miracle created by "creative", LYING "journalists"). The headline last week said that jobless claims rose 13,000. The headline this week says that jobless claims fell 23,000. That means that we "improved" 10,0000 over the two weeks, right? If you agree with that, then you have not been paying attention. We actually LOST ground--to the tune of e,000 more people laid off last week than the 449,000 reported laid off three weeks ago.

This is a test. If you fail, you are a leftist--probably a "journalist". What about the 452,000 jobless claim number reported this Thursday morning? What does it mean? Unless you said "not much", you need to go back and read the above paragraphs again. It certainly does not mean that the job market "improved" 23,000 fewer layoffs last week. The 452,000 is actually the very same raw number reported three weeks ago (the week before the 445,000 was reported--later revised to the 449,000). That 452,000 was revised the next week to 456,000--which is about what you could expect for this week's number. But this week's revision indicates that the number this week COULD be revised to as many as 465,000.

Therefore, you do not get full marks on the test unless you said that what this week's numbers really mean is that either our government is incompetent or dishonest--almost surely both. Is it an accident that the weekly headline n8umbers are ALWAYS revised in such a way as to make the headlines too rosy? I don't think so. I am willing to state flatly: These numbers are being manipulated. Even if the calculating formula results in the reported, and then the revised, numbers, the calculation formula should have been changed by now to account for the CONSISTENT ERROR (that is, consistent until today's ridiculous 13,000 revision from 462,000 new claims reported last Thursday to this Thursday's revision to 475,000).

Okay. The weekly jobless claims number is pretty much useless. Nevertheless, the weekly numbers do reveal a story, OVER TIME. The average, for all of December, was 455,000. The present four-week average is 458,000. That means NO IMPROVEMENT for TEN MONTHS--a complete and utter failure for Obama and the Democrats. The unemployment rate, of coure, has not improved in some 16 months (having been above 9.5% for 14 consecutive months--a new record since the end of World War II. Remember, Democrats have been in control of Congress since January of 2007. Since World War II, no President has failed this badly on jobs, and no Congress.