The ‘sharp decline’ in U.S unemployment was actually a glitch

“US jobless claims fell sharply last week mainly due to technical problems that affected some states supplying data, the government said Thursday. Initial claims for unemployment benefits dived by 31,000 to 292,000 in the holiday-shortened week ending September 7, the Labor Department reported.  The sharp drop in claims reflected technical problems in some states in collecting claims data, the official said.  The drop was due to upgrading of computer systems in two states that resulted in fewer claims being processed, as well as the Labor Day holiday, analysts noted.”

http://www.rawstory.com/rs/2013/09/12/the-sharp-decline-in-u-s-unemployment-was-actually-a-glitch/

The Freedom Watch Staff

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