All this after the BLS revised their charts to try and obscure the facts … It started January 1, 2010. How unexpected that the data would be revised, re-tabulated and reformatted while at the same time showing unemployment was magically decreasing.
Well, this looks like a snow job: Unexpectedly — The Labor Department said Thursday morning that seasonally adjusted initial claims came in at 480,000 for the week ended Jan. 30, an increase of 8,000 from the previous week’s revised figure of 472,000. Economists were looking for a decrease of about 10,000.
The yearly update, expected to be about 824,000 jobs according to the BLS, is due Friday.