Sponsored Content




Intermarkets' Privacy Policy
Support





























































ę Double Dip Watch: Manufacturing Shrank For First Time in Three Years | Main | Who Leaked Roberts' Vote-Flip? Ľ
July 02, 2012

Weekly Jobless Claims On The Rise, Pointing Towards Bad June Jobs Number

Unexpectedly, I'm sure.

Will this week, the week ended June 16, get revised higher next week? We literally cannot remember the last time it wasnít. So itís a good guess than when allís said and done, last week, the week ended June 16, will probably be around 390,000 or so.

For one thing, thatís just terrible, close enough to 400,000 ó a level that is broadly speaking a demarcation line between job growth and job losses ó to keep the Obama Reelection Committee members up at night. This week is also key because itís whatís called the survey week, or the reference week, the week that the Bureau of Labor Statistics uses as the baseline for its monthly jobs report.

I didn't know what that meant, so I looked it up: Apparently, while we speak of the "June jobs report," the survey for unemployment occurs in the last week of the month.

Unemployed persons [are defined as...]: Persons aged 16 years and older who had no employment during the reference week, were available for work, except for temporary illness, and had made specific efforts to find employment sometime during the 4-week period ending with the reference week.

So, if I understand this right, the actual monthly unemployment figure is based on a one-week snapshot, and that week was a bad one.

Which is another way of saying that it will somehow tick down by 0.1%. No matter how many people are unemployed, somehow it's almost always falling by 0.1%.

Thanks to CDRM.



digg this
posted by Ace at 03:22 PM

| Access Comments




Recent Comments
SMH at what's coming: "I wonder what musical abomination MisHum will have ..."

AlaBAMA: "549 I wonder what musical abomination MisHum will ..."

Mary Ellen Moffet: " I got that beat! Posted by: Matt Hooper ------- ..."

Anonosaurus Wrecks, I Survived the Mar-A-Lago Raid [/s] [/b] [/i]: "We used to buy these huge jars of jelly when I was ..."

Notsothoreau - move forward: "We are pretty good at Wuflu advice though. ..."

All Hail Eris, Iron Fist in Velvet Glove in Iron Gauntlet Clutching an Iron Mace : "I wonder what musical abomination MisHum will have ..."

AlaBAMA: "543 If you have a blue dot on your chest you're go ..."

Tin Foil Hat Brigade: "534 Great picture of the Twin Towers being built. ..."

Gouverneur Morris : "The 3 levels of Horde medical first aid: 1. Walk ..."

Kilroy wasn't here: "I have a 35 year old tattoo on my shoulder that lo ..."

Go-Gos: "I got that beat! Posted by: Matt Hooper No, we ..."

Pug Mahon, I think I have a skeleton inside me: " If you have a blue dot on your chest you're gonna ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64