\nJack Welch<\/em><\/p>\n
JACK WELCH: Reaction To My Jobs Tweet Was Like Something Out Of Soviet Russia<\/em> \u00a0\u00a0\u00a0 Lots of people felt better about the economy<\/em> Since then, the argument has raged on, and there have been a variety of different reports and interpretations.<\/p>\n Well, we’re glad to say that we’ve finally gotten to the bottom of what happened.<\/strong><\/p>\n We spoke to an analyst at the Labor Department. According to this analyst, here’s what happened:<\/strong><\/p>\n ALL STATES WERE INCLUDED in this week’s jobless claims. Assertions that “a large state” was excluded from the report are patently false.<\/p>\n HOWEVER…<\/p>\n \u00a0\u00a0\u00a0 It is likely that some of the jobless claims in one large state–California–were not included in the claims reported to the Department of Labor this week.\u00a0 This happens occasionally, our source says. When a state’s jobless claims bureau is short-staffed, sometimes the state does not process all of the claims that came in during the week in time to get them to the DOL. The source believes that this is what happened this week.<\/strong><\/p>\n California claims that were not processed in time to get into this week’s jobless report will appear in future reports, most likely next week’s or the following week’s. In other words, those reports might be modestly higher than expected.<\/p>\n \u00a0\u00a0\u00a0 The source believes that the number of California claims that were not processed might have totalled about 15,000-25,000. Thus, if one were to “normalize” the overall not-seasonally-adjusted jobless claims number, it would increase by about 15,000-25,000.<\/strong><\/p>\n This week’s “normalized” jobless claims number, therefore, might be about 355,000-365,000, not the 339,000 that was reported. This compares to the 370,000 consensus expectation.<\/p>\n In other words, had all of California’s jobless claims been processed in time to make the jobless-claims release, this jobless number would still have been better than economists were expecting–but not as much better as it appeared.<\/p>\n Again, the as-yet-unprocessed claims will appear in future reports. So next week’s number may well be higher than expected.<\/p>\n So, who’s right about today’s jobless claims number?<\/p>\n It seems everyone’s right!<\/p>\n Jobless claims were better than expected, even after adjusting for a possible unusual anomaly See Also Related Watchwoman Post:<\/strong><\/a> <\/p>\n SEE ALSO: It Looks Like The Drop In Jobless Claims Was Due To One Mysterious State<\/a><\/strong><\/p>\n <\/strong>\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193\u2193 Posted by Donna Calvin<\/a> \u2014 Thursday, October 11, 2012 DISCLAIMER: Beliefnet puts paid advertisements on \u201cWatchwoman on the Wall\u201d blog site including some that would never be approved of by the King James Bible, Pastor Ernie Sanders of Doers of the Word Church, What\u2019s Right-What\u2019s Left Radio Ministry, the Voice of the Christian Resistance, Geauga County Right to Life and Donna Calvin.\u00a0 We at <\/span><\/span><\/em>www.WRWL.org<\/em><\/span><\/span><\/a><\/span><\/span> do not condone, endorse, adhere to, practice or believe in many of the topics and some of what other bloggers promote or their religions at Beliefnet.\u00a0 However, Mrs. Calvin has no control of what Beliefnet displays.\u00a0\u00a0 She blogs at Beliefnet because she is in the missionary field ministering to true believers posting articles and commentaries informing pro-life, conservative Christians of recent anti-Christian acts and hostile legislation to God\u2019s Agenda and His Will for the world.\u00a0 Hopefully, unbelievers will read these along with the salvation message of Jesus Christ as written in the Gospel of John, Chapter 3, according to the King James Bible, and be saved.\u00a0 A missionary must go into the unbelievers\u2019 territory to reach them.\u00a0 Her mission is to Proclaim Warning to a Nation that has forgotten their Lord and Savior Jesus Christ, the only Truth, the Life, and the only Way to the One God the Father. (Posted 10\/11\/12)<\/span><\/span><\/em><\/span><\/span><\/p>\n
\nAfter this morning’s surprisingly positive jobless claims number was released, three things happened:<\/em><\/p>\n
\n\u00a0\u00a0\u00a0 Democrats cheered because they thought the number would help Obama<\/em>
\n\u00a0\u00a0\u00a0 Republicans seized on confusing reports that the numbers had “excluded claims from one large state” (probably California) and blasted the number as wrong and misleading.<\/em><\/p>\n![\"\"](\"https:\/\/wp-media.beliefnet.com\/sites\/244\/2012\/10\/California-Foreclosure-Map.jpg\")
<\/a>
\nThere may have been an unusual anomaly that made this week’s jobless claims look better than they would otherwise have been.<\/p>\n
\nObamath??? Questionable Job Numbers + Bureau of Labor Big Donor$ + Obama needs help = it all adds up<\/span><\/strong><\/a>
\nhttp:\/\/blog.beliefnet.com\/watchwomanonthewall\/?p=20861<\/a><\/strong><\/p>\n
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