Uncategorized

More good economic news for the conspiracy nuts to attack

Can’t wait to hear what that crazy old plutocrat Jack Welch and the Fixed News squawkers  have to say about this headline:

US jobless claims fall to 339K, fewest in 4½ years.

Now, obviously, the economy remains fragile and we have a long way to go. But this news seems to jive with lots of other recent indicators that the economy is, on the whole, trending gradually upwards and that, for all of its problems, things are clearly and demonstrably better than they were when the country was confronting the very real prospect of a second Great Depression in late 2008 and early 2009.

2 Comments


  1. cmckinley

    October 11, 2012 at 12:18 pm

    The Labor Department has now stated that one state did not submit their seasonally adjusted numbers. This makes the reported numbers for this week unreliable and trying to claim that this reported number is a sign of improvement is a mistake.

    By the way, the improvement in last Friday’s unemployment number was acheived by counting +600,000 part-time jobs from the household survey. Thats not progress.

  2. cmckinley

    October 11, 2012 at 4:52 pm

    *UPDATE*UPDATE*

    Now we discover that it was the state of California who didn’t report their numbers.

    That right. The largest population state in the country.

    Estimates now are looking at a 388K number, well above what was previously estimated for 370K.

    I don’t buy the conspiracy point of view but this incompetence is really telling and leads to people just not buying these numbers in the present political climate.

Check Also

Graph documents amazing scale of U.S. Senate’s proposed giveaway to the rich

New from the experts at the N.C. Budget ...

Top Stories from NCPW

  • News
  • Commentary

Just days after a North Carolina official tapped a Robeson County elementary for a controversial cha [...]

Two groups seeking state contracts to run struggling North Carolina schools have professional ties t [...]

North Carolinians will lose their “precious right to vote,” as U.S. Supreme Court Justice Ruth Bader [...]

Saturday nights at the 311 Motor Speedway in rural Pine Hall smell of fast food and fuel. Wooden ble [...]

Why the legislature now operates this way and why it’s a big problem The North Carolina General Asse [...]

The post NCAA Legitimacy Deflated appeared first on NC Policy Watch. [...]

There are lots of reasons for people to get off of the sidelines and commit themselves to new and su [...]

4---number of days since The Trump administration announced its decision to halt cost-sharing subsid [...]

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more