Latest jobless numbers use new methodology.

[Qutzupalotl]

Link to tweet

https://apple.news/Ac9bUS2HBQEu06L4VgvYu3Q

While the number represented a drop from previous weeks, those totals were not revised, making comparisons difficult.

However, the department did note that claims for the week ended Aug. 29 did represent a decline from the previous week's 1.011 million. Using the old methodology, the total would have been 1.02 million, according to Ian Shepherdson, chief economist at Pantheon Macroeconomics.
....

The Labor Department changed its methodology from one that used seasonal adjustments to account for normal disruptions in the job market that don't apply as much under the virus-related conditions.

[mahatmakanejeeves]

1. There was a reply that talked about this in the thread in LBN this morning.

Thu Sep 3, 2020: Unemployment claims figures could be much lower because of new seasonal adjustment approach

[doc03]

2. He called unemployment figures fake when Obama was president. So what does he

do fake the figures himself. The stupid SOB always projects what he intends to do.

[onethatcares]

3. new way of computing job numbers

every new actual job is equal to 1,000,000 people getting a job.

Most of the new jobs are in the clean coal industry which counts as 2.4 million jobs for each person hired.

It's really simple if you forget the math you learned in grade school.

[Thomas Hurt]

4. What is that, assume a ten percent decrease baseline, roll a dice for the second digit....

and cut the number accordingly?

[Wellstone ruled]

5. Wow,more of the

watch what I say and not what I do crap. So Scalia is using Federalist Society math and logic.

[JHB]

6. Just remember to read those numbers on a screen

If you print them out, the ink may retain the odor of where they were pulled from.

[Amishman]

7. Trump likes his data cooked well done, just like his steak

with ketchup

BASTARD