by Guest » Sat Apr 20, 2024 12:25 am
Something strange has been happening with jobless claims numbers lately
https://www.cnbc.com/2024/04/19/somethi ... ately.html
Most of the past several weeks have shown that first-time claims for unemployment benefits haven’t fluctuated at all — as in zero.
A string of weekly reports showing exactly 212,000 initial claims has raised a few eyebrows on Wall Street.
A Labor Department spokesperson noted that while the string of 212,000 prints on the jobless claims data is “uncommon,” it can be attributed to a consistent jobs picture reflected in seasonal adjustments to the data.
“How is this statistically possible? Five of the last six weeks, the exact same number,” market veteran Jim Bianco, head of Bianco Research, posted Thursday on X.
“Numbers made up,” one participant on the thread opined, while another said, “Someone’s cooking the books.”
Don't worry, when Biden 'wins' re-election he will flood the country with even more illegals and make America great again...
[quote]Something strange has been happening with jobless claims numbers lately[/quote]
https://www.cnbc.com/2024/04/19/something-strange-has-been-happening-with-jobless-claims-numbers-lately.html
[quote]Most of the past several weeks have shown that first-time claims for unemployment benefits haven’t fluctuated at all — as in zero.
A string of weekly reports showing exactly 212,000 initial claims has raised a few eyebrows on Wall Street.
A Labor Department spokesperson noted that while the string of 212,000 prints on the jobless claims data is “uncommon,” it can be attributed to a consistent jobs picture reflected in seasonal adjustments to the data.[/quote]
[quote]“How is this statistically possible? Five of the last six weeks, the exact same number,” market veteran Jim Bianco, head of Bianco Research, posted Thursday on X.[/quote]
[quote]“Numbers made up,” one participant on the thread opined, while another said, “Someone’s cooking the books.”[/quote]
Don't worry, when Biden 'wins' re-election he will flood the country with even more illegals and make America great again...