True. And that is why the rolling average is useful. Also, I remember reading that the automakers implemented their shutdowns unusually early because of the supply chain problems. It is a peculiar period.GhaleonEB said:I am glad for the drop, but take it with some caution:
The headline decline in jobless claims is good news though there's special factors at play that cloud the July 9 week. Initial claims fell 22,000 to an as-expected level of 405,000 but the period is a shortened one that includes the July 4 holiday (prior week revised upward to 427,000). Another factor is uncertainty over the week-to-week timing of shutdowns, including auto retooling, in the manufacturing sector, a seasonal factor that lowers claims after adjustment and always makes for uncertain readings at this time of year. One factor that is clearly inflating claims is the government shutdown in Minnesota which added 11,500, before adjustment, to the week's total.http://bloomberg.econoday.com/byshoweventfull.asp?fid=446488&cust=bloomberg-us&year=2011#top
They may be volatile over the next few weeks.
Romney can be elected president. With a weak economy, nearly any nominee from a major party can defeat the incumbent party. Moreover, the economy is currently Obama's weakest point. Healthcare is a superficial distraction. While fundamentals may be less important in midterm elections, they are preeminent in presidential elections. If the economy remains anemic, Obama is in trouble. And Romney can attack Obama's economic performance.Mr. Serious Business said:Creeper? To me, he just seems like a typical southern Republican, albeit not white. And his approval ratings have been very strong, but I haven't checked the most up to date ones.
As for Mitt Romney, he CAN NOT get elected president. I'm not generally a Sith and I don't enjoy speaking in absolutes, but really. Romney was a weak candidate in the weak 2008 field of McCain, Giuliani, Thompson, and the other forgettable people whose names I can't remember. He was generally laughed at in the debates for flip-flopping on what he said. Romney can't attack Obama on health care (which is arguably his weakest point). He's not Catholic or Protestant, raised taxes as governor (and balanced the budget, but I don't think that matters to Republicans), and is a rich CEO running against two relatively modest earners (Obama and Biden). He just feels like a weak compromise candidate (Bob Dole 2.0, if you will), and not very exciting.
Furthermore, this leads to my next point to an earlier post. Clinton had a middling approval rating in 95. However, after an economic hiccup in the summer of 1995, the nation experienced robust growth. Employment, output, and real income were increasing robustly. That is why he won reelection. The strength of Dole's candidacy was ancillary.