Wednesday, November 23, 2022

Before I Step Away From The Keyboard, Let's Look At How Mainstream Media Spun The Most Recent Unemployment Claims Numbers -- November 23, 2022

Updates

Later, mostly from social media and/or links to mainstream media:


Original Post 

Headlines, first time unemployment claims:

  • "highest since August"
  • "sharp increase"
  • "claims surge"
  • "exceed forecast"

So, what were the numbers?

  • that sharp increase?
    • up 17,000 from 222,000 to 240,000 (source? CNN. Who does their math?)
  • exceed forecast?
    • forecast: 225,000
    • actual: 240,000
    • forecast practically on the mark, if you ask me
    • 350 million Americans and "actual" number was off by 15,000?
  • calendar?
    • since ....
    • since August 13, 2022 -- about three months ago
  • so, simply background noise?
  • or are the powers that be -- are they trying to put pressure on the Fed to pivot with claims of surging unemployment?
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