Jobs Report Corrected: Unemployment Claims Explode

Obama and his defenders championed the supposed reduction in unemployment to 7.8% this week. Romney attacked the number as not reflecting reality. Some suggested that the Department of Labor was playing games with the unemployment numbers.

Well, not exactly. According to Human Events, there was data left out from the jobs report – because it wasn’t received in time – that just about every media outlet ignored:

Nothing was mischievously “suppressed” in the last report. It was a paperwork glitch, not a dirty trick. Information simply was not received on time. It’s happened before. The strange thing about this particular report was how BLS undersold its incomplete nature, and how virtually every major media outlet simply failed to note that a big fat asterisk belong[ed] next to the number. Instead, it was uncritically presented as proof that after all these years, Obamanomics was finally starting to pump out some jobs.

Well, a new week is upon us, all of the data was evidently received on time, and what do you know? Initial jobless claims are up by 46,000, to a seasonally adjusted 388,000. That would technically make it the biggest one-week percentage increase in jobless claims over the last five years. Of course, a great deal of the percentage increase is due to adjustments correcting last week’s inaccurate numbers.

As the Wall Street Journal notes, even with those adjustments factored in, this week’s claims are well above analyst expectations of 365,000 claims. That’s impossible to square with the utterly delusional September jobs report, and its ostensible reduction of the headline unemployment rate to 7.8 percent. A boatload of people got hired in September, but now they’re all filing for unemployment benefits? There is no “Obama recovery.”