Post by jgaffney on Jun 23, 2011 13:38:28 GMT -5
Has anyone else noticed how many times economists are taken by surprise by the latest job or GDP (non)growth numbers? Pundit Press has compiled a list of "unexpected" headlines:
Go to the website for links to each and every one of these headlines and quotes.
You'd think that, after two years of being surprised by disappointing economic news, the economists would revise their projecting software. It seems, though, that, as true believers in the Obama Recovery, they continue to see "unexpected" results from measures enacted by the Dems.
"Stoopid is as stoopid does!"
- U.S. Consumer Sentiment Unexpectedly Falls to Six-Month Low on Job Outlook, from Bloomberg, May 31, 2011
- US Q4 growth unexpectedly revised down, from EuroNews, February 25, 2011
- U.S. Factory Orders Drop Unexpectedly, from Industry Week, March 24, 2011
- US Services Economy Slowed Unexpectedly in March: ISM, from MSNBC, April 5, 2011
- U.S. Jobless Claims Unexpectedly Jump, Reflecting Quarter-End Volatility, from Bloomberg, April 14, 2011
- "Core U.S. producer prices rose slightly faster than expected," from Reuters, April 14, 2011
- Construction Spending in U.S. Unexpectedly Fell to Decade Low, from Bloomberg, from February 1, 2011
- U.S. initial jobless claims rise unexpectedly, from Forexpros, June 23, 2011
- "Unexpectedly weak economic data," from Economics Newspaper, from April 2011
- U.S. Economy: Goods Orders Unexpectedly Fall, Claims Drop, from Bloomberg, March 24, 2011
- Orders for Manufactured Goods Fall Unexpectedly, from the New York Times, March 24, 2011
- "Confidence among U.S. consumers unexpectedly declined in January," from Bloomberg, January 14, 2011
- "Initial Jobless Claims Rise Unexpectedly," from Reuters, April 28, 2011
- "Confidence among U.S. consumers unexpectedly fell in December," from Bloomberg Businessweek, January 3, 2011
- Jobless Claims Unexpectedly Rise to Three-Month High, from Money News, April 28, 2011
- U.S. Economy: Confidence Unexpectedly Drops to 6-Month Low, from Bloomberg Businessweek, May 31, 2011
- U.S. initial unemployment claims unexpectedly soars, from World Bank, May 5, 2011
- Housing Starts Unexpectedly Plunge 10.6%, Pointing to More Construction Woes, from Money News, May 19, 2011
- Consumer confidence falls unexpectedly in May, from USA Today, May 31, 2011
- Unemployment Claims in U.S. Unexpectedly Increased to 424,000 Last Week, from Bloomberg, May 26, 2011
- "New U.S. claims for unemployment benefits unexpectedly climbed to 424,000 last week," from CNBC, May 26, 2011
- U.S. Jobless Claims Unexpectedly Climb, from Bloomberg, June 9, 2011
- U.S. Economy: Previously Owned Home Sales Unexpectedly Fall, from Bloomberg Businessweek, May 19, 2011
- US Q1 corporate profits drop unexpectedly, from Business Speculator, May 26, 2011
- Jobless Claims in U.S. Unexpectedly Jump on One-Time Events, from Bloomberg, May 5, 2011
- "Industrial production in the U.S. unexpectedly stalled in April and housing starts dropped," from Bloomberg Businessweek, May 17, 2011
In case you didn't notice, quotation marks denotes quotes from articles.
Update- More headlines and quotes: - "Wall Street tumbled at Thursday’s opening bell after the government reported an unexpectedly sharp jump in unemployment claims," from MSNBC, June 23, 2011
- "The Federal Reserve stayed the course on monetary policy Wednesday, citing "likely" temporary factors for the unexpectedly sluggish growth in the US economy," from MSN, June 22, 2011
- U.S. Jobless Claims Unexpectedly Climb, from Bloomberg, June 9, 2011
- "The dollar slumped on Friday after a government report showed an unexpectedly small amount of hiring in May," from MSN, June 4, 2011
- "The National Association of Home Builders’ sentiment index unexpectedly fell to 13 in June from 16 in May," from the Financial Times, Jue 15, 2011
- "The jobless rate, which is obtained from a separate household survey, unexpectedly rose to 9.1 percent in May," from Fox Philadelphia, June 3, 2011
- U.S. jobless claims rises unexpectedly, from the AP, June 9, 2011
- "Consumer confidence unexpectedly decreased in May," from Bloomberg, June 13, 2011
- "An unexpected jump in claims for unemployment benefits," from the AP, June 23, 2011
And a few that, instead of using "unexpected," use "more than expected:" - Jobless claims rise more than expected, Reuters, June 23, 2011
- Economy cools more than expected, rattling stock market, from the Christian Science Monitor, June 1, 2011
- US Economy Growing Slower Than Expected, from the Money Times, June 23, 2011
- US home sales fall more than expected, from the Financial Times, March 21, 2011
- U.S. trade deficit widened more than expected in March, from MSNBC, May 11, 2011
- US GDP Growth Slows More Than Expected, from Sky News, April 28, 2011
- Jobless Claims Rise More Than Expected, from Industry Week, March 10, 2011
And this quote was in Yahoo's front-page article today: - "At the conclusion of a two-day policy meeting, the central bank said that while the recovery is continuing at a moderate pace, growth is somewhat slower than expected. It also said the jobs market is "weaker than anticipated.""
Update #2- And why not a few more? These are "*fill in the blank* than expected:" - U.S. Adds Far Fewer Jobs Than Expected in May, from Nation Journal, June 1, 2011
- Worse than Expected Jobs Report, from Market Watch, June 3, 2011
- Fewer new jobs than expected in May, from UPI, June 3, 2011
- US Initial jobless claims fell more than expected last week, from the IBI Times, April 7, 2011
- Economy created fewer jobs than expected, from American Public Media, January 2011
- Us Employment Rises Far Less Than expected in May, from Forex Trading Portal, June 3, 2011
- Higher than expected US weekly jobless claims take shine off the FTSE, from the Guardian, January 6, 2011
- US jobs growth lower than expected, from RTE, January 7, 2011
- Job growth slower than expected in January, from Reuters, February 4, 2011
- U.S. jobless claims rise more than expected, from the Globe and Mail, June 23, 2011
- U.S. private employers added fewer jobs than expected in April, from Reuters, May 4, 2011
Go to the website for links to each and every one of these headlines and quotes.
You'd think that, after two years of being surprised by disappointing economic news, the economists would revise their projecting software. It seems, though, that, as true believers in the Obama Recovery, they continue to see "unexpected" results from measures enacted by the Dems.
"Stoopid is as stoopid does!"