I don't read that website. It's extremely biased and traffics in rumor mongering and falsehoods. If I remember correctly, they were one of the premier spreaders of all that birther non-sense.
BTW, back to another important topic. Remember when I said the September Unemployment Rate numbers make no sense, because they defy all the other statistics I'm seeing and it was a 3 sigma swing, which means it was an aberration, an outlier, not the beginning of a salutary trend? Well, today's claims numbers is further evidence that the September numbers were not part of an improvement trend. Sometime in 2013, when NBER does it's analysis on whether we had a recession in 2012 or not, it is a decent probability that they will say it started sometime between Q2 and Q3.
Unemployment claims jumped 13% in the latest week from the previous week
In the week ending October 13, the advance figure for seasonally adjusted initial claims was 388,000, an increase of 46,000 from the previous week's revised figure of 342,000.
dol.gov |
