New filings for unemployment benefits came in at 367,000 and the propagandists are hailing this pathetic number as a sign that the job market is slowly healing. Everyone out there does realize that these unemployment numbers are now being seasonally adjusted.
Personally I would like to know just how that works. The number is supposed to represent those individuals who lost their jobs, came into the unemployment office, and filed for benefits in a single week. So how in the hell do you seasonally adjust this number?
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