CNN's Costello: 'Jobless Claims Plummeted Last Week': A Whopping 1.5%
It was good economic news on CNN's Newsroom this morning. After a brief mention of radiation in Japan, anchor Carol Costello reported:
Brand new numbers out of the Labor Department this morning. It turns out jobless claims plummeted last week. Down 6,000 to 388,000.
I'm not certain what dictionary CNN news readers use, but "plummet" wouldn't seem to be the right verb. Merriam-Webster's online reference defines plummet as "to fall perpendicularly" or "to drop sharply and abruptly." A 1.5 percent reduction in jobless claims quite clearly doesn't meet those definitions.
Moreover, the 6,000 drop figure is "seasonally adjusted" with a Labor Department statistical technique designed to accommodate fluctuations in the job market. DOL's Employment and Training report included the raw data:
The advance number of actual initial claims under state programs, unadjusted, totaled 354,301 in the week ending March 26, a decrease of 156 from the previous week.
156 fewer jobless claims. Hundreds of billions spent by President Obama and his liberal accomplices on shovel-ready jobs and that's what results.
Yet at CNN, jobless claims "plummeted." Don't they ever tire of trying to prop up Obama's failed administration?
- Mike Bates's blog
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Comments
"about the same" "within
Submitted by Edhenry on Thu, 03/31/2011 - 1:10pm.
"about the same" "within statistical error" "not much change"
Plummet? YGTBK
Wow! What an awesome recovery we have going here
Submitted by Dave. on Thu, 03/31/2011 - 1:22pm.
Yes, that was sarcasm.
-Dave
Vote for the American in November
All together now
Submitted by HockeyKid on Thu, 03/31/2011 - 1:25pm.
Happy days are here again,
The skies above are clear again...
Sycophants make me puke.
"Beauty is only skin deep, but liberal's to the bone." - me
adjectives and adverbs
Submitted by Marat on Thu, 03/31/2011 - 1:27pm.
It is hard to get "just the facts" without some opinion in the way of adverbs and adjectives. Perhaps in that persons mind 1 + % drop is a plummet. Imagine the description if it would have been a 20% drop! lol
it slightly missed estimates too
Submitted by OffTheLows on Thu, 03/31/2011 - 1:48pm.
consensus was 383k. the trend is good as is getting it under 400k, but plummet was a poor choice of words. That # cold go down a lot more if government shrank and got out of the way. Lower the corporate tax rate, which serves as a tariff on our own goods, and remove corporate welfare for politically favored industries
Sadly it's more than just
Submitted by Maideneer on Thu, 03/31/2011 - 2:02pm.
Sadly it's more than just CNN.
"Weekly Jobless Claims Plummet by 6,000" - foxnews.com
How unfortunate.
I am sure a lot of Dems work
Submitted by MaximusBraveheart on Thu, 03/31/2011 - 2:51pm.
I am sure a lot of Dems work for Fox as shown by your headline. Funny how they are characterized as completely biased. Other than Beck & Hannity, Fox is white washing a bunch of issues too. Just not as bad as the MSM. MSM wants no mention of the other side of the coin because they truly are a bunch of Marxist in large measure.
I am guess Saudi Arabia is trying to get Beck fired with all their heart.
-- Maximusbraveheart -- Is TRUTH knowable? Moral Relativism is the abandonment of Truth. Truth is knowable. Truth conforms to Reality. Reality is observable by evidence & witness in this day & from history. Relativism is Sesame Street play land.
Fox News
Submitted by Mike Bates on Thu, 03/31/2011 - 4:06pm.
is constantly cited for its alleged ultra, ultra, ultra conservatism. That's not so, particularly at local operations like Chicago.
Hmmmmmm,
Submitted by almostacowboy on Thu, 03/31/2011 - 2:04pm.
A 1.5% decrease is a "plummet" while a 23% increase in gasoline prices in the last 3 months doesn't get a mention?
Given CNN's yardstick . . .
Submitted by Galvanic on Thu, 03/31/2011 - 2:06pm.
. . . the recent Quinnipiac poll indicates that Obama's approval rating has "plummeted" in just 4 weeks.
I'm beginning to believe...
Submitted by c5then on Thu, 03/31/2011 - 2:15pm.
That the residents of the old Soviet Union got better news reporting than we in the "free west" are getting today.
Without the internet it would almost be impossible for citizens to find out about some of the important issues and stories of today.
Madison and Jefferson and Franklin built a Republic - Roberts killed it!
And let me guess
Submitted by Dave. on Thu, 03/31/2011 - 2:26pm.
Next time the unemployment claim numbers go up by say, 400,000, Costello is going to call it a "slight increase," right before she tells us how "unexpected" it was.
-Dave
Vote for the American in November
If unemployment claims go up
Submitted by Mike Bates on Thu, 03/31/2011 - 4:08pm.
Carol will find other stories on which to focus. Unless, of course, a Republican's in the White House.
You're right, Mike
Submitted by Dave. on Thu, 03/31/2011 - 4:12pm.
LOL - I forgot that unemployment is only a problem if the guy in the White House has an "R" after his name.
Silly me.
-Dave
Vote for the American in November
Then, Dave
Submitted by Mike Bates on Thu, 03/31/2011 - 4:17pm.
it's reported as the worst since the Great Depression. With occasional references to Herbert Hoover, natch.
Yeah, that 5% unemployment rate...
Submitted by Dave. on Thu, 03/31/2011 - 4:32pm.
...sure had people queued around entire blocks all over America to get into those soup kitchens.
Yeah, tough times for sure.
Sure glad Obama came along and made everything better. :-)
/extreme sarc.
-Dave
Vote for the American in November
Less People working = less people laid off
Submitted by Kimnota on Thu, 03/31/2011 - 2:28pm.
Eventually the pool of people working is so small, the number of people laid off goes down. There's only so many jobs to eliminate. Once they're all eliminated the new jobless claims will be zero.
new jobless claims will be zero
Submitted by Mike Bates on Thu, 03/31/2011 - 4:10pm.
and we'll all it all to The One, who will brag about it during his re-election campaign.
I'm going to say it again.
Submitted by Van Halen on Thu, 03/31/2011 - 2:37pm.
I'm going to say it again. The JournOList media can spin this all they want but at this point virtually everyone in this country knows someone broke, unemployed, or on the battlefield.
Mike, perhaps you meant to suggest..
Submitted by Gary Hall on Thu, 03/31/2011 - 2:38pm.
After a brief "dose" of radiation in Japan, brain fried anchor Carol Costello reported:
(;~/ gary
Not sure what doses Carol's been exposed to, Gary
Submitted by Mike Bates on Thu, 03/31/2011 - 4:11pm.
but she's got wonderful cheek bones. I know it's true because I read it on her Facebook page.
ALRIGHT!!!!!
Submitted by c5then on Thu, 03/31/2011 - 2:40pm.
At this blazing pace we will have only 8 years or so until we start adding jobs instead of losing them.
Madison and Jefferson and Franklin built a Republic - Roberts killed it!
initial claims
Submitted by Blorg on Thu, 03/31/2011 - 2:54pm.
Keep in mind that these are "initial claims".
That is, claims by people who were previously employed. These get added to the number of people already collecting unemployment and those who have exceeded their limit for unemployment benefits.
Initial claims could be dropping because there are so many people out of work that there are not that many still employed who can lose their jobs.
Creative accounting practices
Submitted by Ashrak on Thu, 03/31/2011 - 4:14pm.
Kinda like their trumpeting Anderson coopers "Coup" over Gretta in ratings.
Liars figure and figures lie.
Anderson Cooper is no Greta
Submitted by Mike Bates on Thu, 03/31/2011 - 4:19pm.
For one thing, I'm pretty sure he wears more makeup. Or is that Shep? Keep getting 'em mixed up.
Oh to hear them say it
Submitted by jon_torlin on Thu, 03/31/2011 - 4:39pm.
I keep waiting for either of them to say "Don't hate me because I'm beautiful" because of that makeup stuff they wear.
On the other hand, that would require watching either of them and I ain't about to do that. Got better things to watch........what do I watch, one might ask? Anything else.
-Jon
OBAMA POLLS NUMBERS
Submitted by JPTSO3 on Fri, 04/01/2011 - 10:51am.
When the messiah's numbers drop by 1.5% will Costello get on the tube and breathlessly report that Obama's approval is plummeting?