The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Elite Media: Job Losses “Unexpectedly” High Again for how many months now?

Posted by iusbvision on April 13, 2010

Many bloggers are poking fun at the elite media’s desperate attempt to spin bad economic news good while Democrats hold power, just as they often spun good economic news bad while Republicans were in power.

Here we have the elite media’s favorite word “unexpectedly” in regards to bad news, this word is followed in a close second to “surprise” at yet another dose of bad economic news. I am curious, how many months in a year does XX bad economic news have to be “unexpectedly” high before it is not unexpected anymore, or consumer confidence down, or housing down etc ?

See how bloggers covered the ridiculous use of the word ‘unexpected’  HERE. See our coverage HERE.

Associated Press:

Initial jobless claims increase unexpectedly

WASHINGTON (AP) — The number of newly laid-off workers seeking unemployment benefits rose last week, a sign that jobs remain scarce even as the economy recovers.

The increase also may result from the difficulty the Labor Department has in seasonally adjusting the claims around the Easter holiday, which falls on different weeks each year.

“This is … a volatile time when the numbers move around quite a bit,” a department analyst said.

The Labor Department said Thursday that first-time claims increased by 18,000 in the week ended April 3, to a seasonally adjusted 460,000. That’s worse than economists’ estimates of a drop to 435,000, according to a survey by Thomson Reuters.

California also closed its state offices for a holiday on March 31, which likely held down the claims figures. On an unadjusted basis, claims rose by 6,500 to nearly 415,000.

I love how they editorialize in the excuses, this time it is Easter, before it was the snow. I wonder where all of this generous benefit of the doubt was when unemployment was dropping from 6.6% to less than 4.7% under you know who?

BLS:

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