If It's Thursday...

Via Zero Hedge, the Labor Department has been quietly fudging its stats every week, and has been doing so for quite some time now if you take a cumulative look.



Needless to say, the real numbers for weekly jobless and continuing jobless claims are a lot higher than what the BLS is telling us.

Today's numbers continue that trend. Every week, the previous week's numbers are revised upwards, and that's helping to hide some of the real damage.

That damage is pretty apparent in the continuing claims however. Food for thought.