Typical bizzare
spin for Reuters this morningThe news is all good for the jobs market so far in 2012: Separate reports Thursday showed a surge in private-sector job creation, a sharp drop in weekly unemployment claims and planned layoffs at their lowest level in six months.
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15000 is a "sharp drop"? A surge in Job Creation? As
Hot Air points out:
In the week ending December 31, the advance figure for seasonally adjusted initial claims was 372,000, a decrease of 15,000 from the previous week’s revised figure of 387,000. The 4-week moving average was 373,250, a decrease of 3,250 from the previous week’s revised average of 376,500.The advance seasonally adjusted insured unemployment rate was 2.8 percent for the week ending December 24, a decrease of 0.1 percentage point from the prior week’s unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending December 24, was 3,595,000, a decrease of 22,000 from the preceding week’s revised level of 3,617,000. The 4-week moving average was 3,601,750, a decrease of 1,000 from the preceding week’s revised average of 3,602,750.
These of course are seasonally adjusted, and they can only do that by looking at past seasons. I suspect this season there were more temporary possions than normal, but any tiny boost to the numbers and the liberals are touting it- where I remeber the similar news under Bush was reported as evidence of a worsening economy. But show that to a liberal and they still can't see the media bias.
Meanwhile.. Europe is imploding as expected, driving more people into the dollar as a "Safe (for now) Haven"
Hungarian yields soar,
Spain is toast, and
and the French bond auction essentially failed - meanwhile Obama is declaring a right to dictatorial control, appointing new memebrs to the NLRB and (co-incidentally I am sure)
Boeing is laying off 2100 and Obama himself is laying off
10s of thousands from the Military in the middle of a war.
