Don't Forget To Read The Fine Print

The headline reads: "Weekly Job Claims Fall".  I'm sure the administration will make as much political hay out of this headline as they possibly can.  But before we put on our party hats, we really need to read the fine print.

From the same article:

Economists polled by Reuters had forecast claims falling to 390,0000 last week. The four-week moving average for new claims, a better measure of labor market trends, increased 7,500 to 405,250, the highest level since October last year.

OK, so I'm exaggerating slightly, the print's not THAT fine . . .

Economists polled by Reuters had forecast claims falling to 390,0000 last week. The four-week moving average for new claims, a better measure of labor market trends, increased 7,500 to 405,250, the highest level since October last year.

Food and energy prices continue to rise, jobs remain scarce, layoffs plentiful, government spending is out of control, and the country is perched on the edge of a financial abyss.  The average American knows that all is NOT well.  So rather than handing out party favors and the assets of the wealthy, this administration would do well to read the not so fine print . . . which in reality has become the handwriting on the wall . . .
 

H/T Graffiti Creator