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FBN’s Lou Dobbs on mounting questions over the Labor Department’s revisions of jobless claims.
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I hate to do this but we want to talk just a little bit about some numbers real quick brokered I think you'll be amazed at these numbers.
From the well from the government.
On the state of our economy and on Thursday's its weekly jobless claims this is Thursday so and folks some folks are suggesting that.
The Obama administration has been manipulating the numbers were not suggesting that every administration gets accused of -- But we do want you to be aware of what is a -- curious trend.
In the reporting of those first time jobless claims the Labor Department has now.
Revised its estimate.
Up planes for first time unemployment benefits.
Upward.
For 63.
Of the last sixteen more.
Weeks.
Now statistically.
That's pretty overwhelming isn't that sense.
That's sense march.
The council -- We've been.
Watching.
This thing go straight up.
-- And economic she just you just don't get things moving in the street line but we've seen a straight line.
And it's been straight up over the past 63.
Week in fact.
There's been an average difference between the initial -- in the finalize figure of around 9000.
About 2% of the average amount -- claims reported each -- 9000.
And at least nine times this year what was first reported as a drop in claims became an increase after an upward revision the following -- A spokesman for the Labor Department says -- that there not to blame and we accept but they're not the blame.
The revision happens after states they say submit follow up reports.
But this this is the only government agency that -- reports.
In only one direction.
And and the packed news figures for durable goods orders retail sales nonfarm payrolls all of there revised downward justice frequently as -- move up now somebody.
We believe.
Somebody in the administration needs to figure that out and explain to us -- Why that happens perhaps even the secretary of labor we would be goal why did.
Madam secretary to have you here to talk about this extraordinary.
-- 63 of 64 weeks.
And that difference between an 8% unemployment rate.
And fourteen point 8%.
And others say is the broad and better.
Unemployment rate to talk about in the national -- Just a thought.
We'll pick you up on we hope you'll take this up on our invitation.
