2.2.12 Weekly Unemployment Claims: The Hype is just that

by John Galt February 2, 2012 17:15 ET   The Obama administration, Federal Reserve, and their compliant slugs in the mainstream media continue to ignore reality and issue glowing reports from the Department of Propaganda as usual. Reality? The non-seasonally adjusted claims continue to indicate that job creation is sluggish and akin to 0% growth or recessionary indications and the seasonal adjustments are purely political rather than statistical in nature. While the Fed and administration might well be pleased using inflation to reflect economic expansion, the lack of wage and employment…

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