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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.