At 05:43 AM 1/1/2004 -0600 The Fool wrote:
>The Spin, 'New Jobless Claims Lowest of Bush Tenure'.
>
><<http://story.news.yahoo.com/news?tmpl=story&cid=530&e=1&u=/ap/20031231/a
>p_on_bi_go_ec_fi/economy>>
>
>"The Labor Department (news - web sites) reported Wednesday that new
>applications filed for unemployment insurance dropped by a seasonally
>adjusted 15,000 to 339,000 for the week ending Dec. 27."
>
>The reality: ETA Press Release: Unemployment Insurance
>
><<http://www.dol.gov/opa/media/press/eta/ui/current.htm>>
>
>Weekly Claims Report:
>
>"The advance number of actual initial claims under state programs,
>unadjusted, totaled 516,501 in the week ending Dec. 27, an increase of
>91,785 from the previous week. There were 620,929 initial claims in the
>comparable week in 2002."
Sorry, Fool, but you're not going to get very far among the economic
statistical community by arguing that seasonal adjustment is
inappropriate.... or even crazier, is somehow politically manipulated.
JDG
_______________________________________________________
John D. Giorgis - [EMAIL PROTECTED]
"The liberty we prize is not America's gift to the world,
it is God's gift to humanity." - George W. Bush 1/29/03
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