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Thursday, August 18, 2011

Another example of manipulated job stats


Remember when the market spiked over 400pts last Friday base specifically on a "wonderful" report that the new jobless number had dropped to under 400k (a "whopping" decline to 395k) for the first time in months??

Remember?

"The number of initial (jobless) claims in the week ending Aug. 13 rose 9,000 to 408,000, the Labor Department reported Thursday"- MarketWatch

Not 395k New Unemployed...  408k New unemployed

It is all orchestrated theater..  Stop believing what you read and hear in the media, especially the financial media...  Don't invest.