For nearly 4 years and even during the pandemic recovery, we saw Economist get lambasted by consistently over predicting jobless claims only for those number to come back positive. Those numbers were then further revised in future weeks showing even better than expected results. This was in stark contrast to the previous 8 years under Obama where figures were consistently revised downward a week or so later after data was originally published. Now we are seeing the same crap with another Dem in the Whitehouse.
"New weekly jobless claims unexpectedly rose by 13,000 to 861,000 in the week that ended February 13, the Department of Labor said Thursday.
Economists had expected claims to fall to 768,00 from the 793,000 initially reported for the prior week. The previous week’s figure was revised up by 55,000 to 848,000"
The revision to increase last weeks claims changes the narrative from positive to not so good.
Look for this shady deception to continue for the next few years. The elites will use smoke and mirrors to make recovery better than it appears only to go back and revise data later on when few folks pay attention.
"New weekly jobless claims unexpectedly rose by 13,000 to 861,000 in the week that ended February 13, the Department of Labor said Thursday.
Economists had expected claims to fall to 768,00 from the 793,000 initially reported for the prior week. The previous week’s figure was revised up by 55,000 to 848,000"
The revision to increase last weeks claims changes the narrative from positive to not so good.
Look for this shady deception to continue for the next few years. The elites will use smoke and mirrors to make recovery better than it appears only to go back and revise data later on when few folks pay attention.
