Spin: 403,000 new unemployed people is "good news"

Discussion in 'Economy' started by asterism, Apr 21, 2011.

  1. asterism
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    asterism Congress != Progress

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    New claims for unemployment benefits fall - USATODAY.com

    See that?

    Getting worse at a slower rate is not and will not ever be "recovery."
     
  2. LordBrownTrout
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    LordBrownTrout Gold Member

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    I believe a lot of folks are now seeing this. Of course you're still going to have naivete and spin lovers but it is what it is.
     
    Last edited: Apr 21, 2011
  3. asterism
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    asterism Congress != Progress

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    The irony of Obama criticizing Bush's 6% unemployment rate is juicy, as is the results of his crack team of economic experts.

    [​IMG]
     
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  4. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    And as always, the incredibly predictable negative stats are "Unexpected".
     
  5. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Now those people will have more time to spend with their families! :lol:
     
  6. pinqy
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    pinqy Gold Member

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    A decline in initial UI claims is not getting worse at a slower rate. Initial UI claims is gross, not net.
     
  7. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    Does'nt matter... its still not good news.
     
  8. pinqy
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    pinqy Gold Member

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    But it's not bad news either. Claims were much higher every week last year. They've been lower earlier this year, but they're not back up to last year's numbers. So overall...meh.
     
  9. asterism
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    asterism Congress != Progress

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    Which means over 400,000 people are newly unemployed. Without a compensating 400,000 new hires it absolutely is getting worse. That fewer initial UI claims were filed last week than the week before means the rate of how much worse it is slowed down.
     
  10. asterism
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    asterism Congress != Progress

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    Nice spin. See? I was right.
     

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