Geese are purportedly unable to retain observations, and famously awake each morning in a new and strange universe.
So too our "educated class" amongst the Main Stream Media:
First-time jobless claims rise unexpectedly
By CHRISTOPHER S. RUGABER
YAHOOnewsWASHINGTON - The number of newly laid-off workers filing initial claims for jobless benefits rose unexpectedly last week, evidence that layoffs are continuing and jobs remain scarce.
The rise is the fourth in the past five weeks. Most economists hoped that claims would resume a downward trend that was evident in the fall and early winter.
Since when is a continuation of a four week trend "unexpected"?
The Labor Department said Thursday that new claims for unemployment insurance rose by 8,000 to a seasonally adjusted 480,000. Wall Street economists had expected a drop to 460,000, according to Thomson Reuters.
If you rely on Thomson Reuters for investment advice, you might want to find a new advisor.
The four-week average, which smooths fluctuations, rose for the third straight week to 468,750.The figure is the highest in the past two months. Initial claims dropped sharply in late December, raising hopes among economists that layoffs were nearing an end and the economy would soon start generating net gains in jobs.
Hope is not an expectation, nor a plan, nor a philosophy of effective government.
The figures come a day before the Labor Department is scheduled to report the January employment figures, which are expected to show a tiny gain in jobs. The unemployment rate is forecast to rise to 10.1 percent.
A "tiny gain in jobs" while the rate of unemployment rises to 10.1%.
A word of advice to our friends in the MSM: put down the crack pipe and seek professional help.
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Filed under:
In The Tank For Obama
Tags: economy, jobs, MSM
Comments (19)
Who wonders why the field o... (Below threshold)1. Posted by mpw280 | February 4, 2010 10:16 AM | Score: 7 (7 votes cast)
Who wonders why the field of journalism is viewed as below that of divorce lawyers. These morons can't even use a computer to research their articles and report facts without their idiotic spin attached. mpw
1. Posted by mpw280 | February 4, 2010 10:16 AM |
Score: 7 (7 votes cast)
Posted on February 4, 2010 10:16
2. Posted by Hank | February 4, 2010 10:23 AM | Score: 7 (7 votes cast)
Good article.
It also reminded me....
Where are the reports on the homeless?
2. Posted by Hank | February 4, 2010 10:23 AM |
Score: 7 (7 votes cast)
Posted on February 4, 2010 10:23
3. Posted by _Mike_ | February 4, 2010 10:44 AM | Score: 7 (7 votes cast)
From the Yahoo (RUGABER):
Maybe next week they can 'hope' harder.
3. Posted by _Mike_ | February 4, 2010 10:44 AM |
Score: 7 (7 votes cast)
Posted on February 4, 2010 10:44
4. Posted by OLDPUPPYMAX | February 4, 2010 10:50 AM | Score: 10 (10 votes cast)
5% unemployment during the Bush administration signaled a "new depression." With Hussein, 10%+ means we're looking for "green shoots!"
4. Posted by OLDPUPPYMAX | February 4, 2010 10:50 AM |
Score: 10 (10 votes cast)
Posted on February 4, 2010 10:50
5. Posted by Justrand | February 4, 2010 11:35 AM | Score: 9 (9 votes cast)
OLDPUPPYMAX: "5% unemployment during the Bush administration signaled a "new depression." With Hussein, 10%+ means we're looking for "green shoots!"
Amazing, huh? In 2004 many in the media were in open hysteria over the economy...blaming BUSH! hmmm...it was an election year and the media was pumping for Kerry!
5. Posted by Justrand | February 4, 2010 11:35 AM |
Score: 9 (9 votes cast)
Posted on February 4, 2010 11:35
6. Posted by TexBob | February 4, 2010 12:02 PM | Score: 5 (5 votes cast)
Hey 52%!
How's that hope and change workin for ya?
As Comrade Obamski likes to say, "You ain't seen nuthin yet!"
6. Posted by TexBob | February 4, 2010 12:02 PM |
Score: 5 (5 votes cast)
Posted on February 4, 2010 12:02
7. Posted by GarandFan | February 4, 2010 12:13 PM | Score: 5 (5 votes cast)
When are we going to fire these incompetent "economists"? Every month it's the same "unexpected" results.
On another note, when is the government going to acknowledge that the true unemployment/underemployment rate is over 20%?
7. Posted by GarandFan | February 4, 2010 12:13 PM |
Score: 5 (5 votes cast)
Posted on February 4, 2010 12:13
8. Posted by Hardrada | February 4, 2010 12:23 PM | Score: 7 (7 votes cast)
When the 'rats are thrown from power in November, that too will be "unexpected".
8. Posted by Hardrada | February 4, 2010 12:23 PM |
Score: 7 (7 votes cast)
Posted on February 4, 2010 12:23
9. Posted by 914 | February 4, 2010 12:52 PM | Score: 4 (4 votes cast)
Time to fudge with the hockey stick some more!
9. Posted by 914 | February 4, 2010 12:52 PM |
Score: 4 (4 votes cast)
Posted on February 4, 2010 12:52
10. Posted by Wayne | February 4, 2010 12:57 PM | Score: 4 (4 votes cast)
Hopefully the idiots that are in power will wake up and help business instead of tearing them down not to mention not screwing so many things up. I want conservatives to take the elections in November but I don't want to see the U.S. in ruins before they get there. I knew the Dems would be bad but nowhere near this bad.
10. Posted by Wayne | February 4, 2010 12:57 PM |
Score: 4 (4 votes cast)
Posted on February 4, 2010 12:57
11. Posted by Oyster | February 4, 2010 12:59 PM | Score: 4 (6 votes cast)
"Geese are purportedly unable to retain observations, and famously awake each morning in a new and strange universe."
We could think of them as goldfish too.
Goldfish: Just because they say we only have a 3 second memory doesn't mean you can feed us the same goldfish flakes day after day
..........
.... Oh Boy! Goldfish flakes!
11. Posted by Oyster | February 4, 2010 12:59 PM |
Score: 4 (6 votes cast)
Posted on February 4, 2010 12:59
12. Posted by Wayne | February 4, 2010 1:03 PM | Score: 3 (3 votes cast)
Also I hope the MSM start holding this administration and Dem controlled Congress responsible. They hold Bush who is out of office and the Super minority Reps more responsible than those who are in power. Their question to the Reps is "why didn't you solve this problem for the Dems" or "why did you allow the Dems to do this or that". Maybe because they are not in power and are shut out by the Dems who are.
12. Posted by Wayne | February 4, 2010 1:03 PM |
Score: 3 (3 votes cast)
Posted on February 4, 2010 13:03
13. Posted by Inigo Montoya | February 4, 2010 1:17 PM | Score: 3 (3 votes cast)
Unexpected: You keep using that word. I do not think it means, what you think it means...
13. Posted by Inigo Montoya | February 4, 2010 1:17 PM |
Score: 3 (3 votes cast)
Posted on February 4, 2010 13:17
14. Posted by Falze | February 4, 2010 1:52 PM | Score: 3 (3 votes cast)
It's funny, the more the press hypes the "recovery" (that isn't really happening), the more people they draw back into the job market who can't find jobs - which just causes the unemployment rate to rise. So the more they hype a (so-far) jobless recovery the more they make the unemployment rate go up. Bravo, chaps.
14. Posted by Falze | February 4, 2010 1:52 PM |
Score: 3 (3 votes cast)
Posted on February 4, 2010 13:52
15. Posted by Grace | February 4, 2010 2:03 PM | Score: 7 (7 votes cast)
Who are all these brilliant economists that they are continually surprised? Don't they realize that Obama's crack team of former business men are helping this economy to get moving? Why, they are out there doing their very best to create jobs.
Oh, I forgot, there are no business people in the top tier of the Obama administration - they are all lawyers, professors, non-profit organizers or "tenured" politicians.
Never mind.
15. Posted by Grace | February 4, 2010 2:03 PM |
Score: 7 (7 votes cast)
Posted on February 4, 2010 14:03
16. Posted by apb | February 4, 2010 11:10 PM | Score: 0 (0 votes cast)
"Most economists hoped..."
Typical douchebag journalist - to what does 'most' pertain? Can't truly be 'most' economists, because the whack-job journo could't have polled them all. Maybe a more limited version of 'most.' Maybe the idiot meant "most economists named 'Larry Summers' hoped...".
Say, wasn't Larry the douchenozzle that lost $2B for Harvard?
16. Posted by apb | February 4, 2010 11:10 PM |
Score: 0 (0 votes cast)
Posted on February 4, 2010 23:10
17. Posted by bobdog | February 5, 2010 2:10 AM | Score: 0 (0 votes cast)
"Most" means the journalist heard an unnamed White House source say it off the record, but he sounded pretty convincing.
"Economists" means the unnamed White House source has a brother in law who took Intro to Economics in junior college.
"Hoped" means the unnamed White House source assumed that he wouldn't have to prove it.
17. Posted by bobdog | February 5, 2010 2:10 AM |
Score: 0 (0 votes cast)
Posted on February 5, 2010 02:10
18. Posted by hcddbz | February 5, 2010 7:22 AM | Score: 0 (0 votes cast)
Anyone notice gas prices?
BHO talks about the lost decade, but his budget predicts 10% unemployment for the next 10 years.
We had 2 quarters of growth
MSM = Soviet Era Pravda
18. Posted by hcddbz | February 5, 2010 7:22 AM |
Score: 0 (0 votes cast)
Posted on February 5, 2010 07:22
19. Posted by Mike Giles | February 5, 2010 10:53 PM | Score: 0 (0 votes cast)
"On another note, when is the government going to acknowledge that the true unemployment/underemployment rate is over 20%?
7. Posted by GarandFan | February 4, 2010 12:13 PM"
Oh, about the same time Hell gets that hockey franchise.
19. Posted by Mike Giles | February 5, 2010 10:53 PM |
Score: 0 (0 votes cast)
Posted on February 5, 2010 22:53