Who is telling the truth?

Below, I copy/pasted 2 articles that were posted on MSN Money one on top of the other.Think you may find it interesting……..

Weekly jobless claims fall

While the unemployment numbers were bad, new claims for jobless benefits declined, suggesting some stabilization is ahead.

The previous week’s claims were revised to a gain of 18,000 to 630,000, more than the initially reported increase of 15,000.

The number of continuing claims fell by 53,000 to 6.7 million for the week ending June 20, only the third weekly decline in continuing claims so far this year.

Dow off 223 as unemployment jumps

The dismal report on job losses startles traders. The S&P is now a loser on the year, and oil falls below $67.

Investors won’t be celebrating much over the July 4 weekend.

Not after the shock of a dreadful report on unemployment and payrolls and the drubbing they took from the stock market on Thursday.

The unemployment report was much worse than expected and pushed stocks sharply lower as investors apparently concluded that any economic recovery will be slow to start and slower to gain any momentum.

The Dow Jones industrials ($INDU) closed down 223 points, or 2.6%, to 8,281. The Nasdaq Composite Index ($COMPX) was off 49 points, or 2.7%, to 1,797, and the Standard & Poor’s 500 Index ($INX) dropped 27 points, or 2.9%, to 896.

The selling came in light trading, however, and it’s not clear if the trend will continue next week.

With the close, the Dow and the S&P 500 both finished lower for a third straight week — their first three-week losing streak since March. In addition, the S&P 500 fell back into the red for 2009.

The Nasdaq suffered its second weekly loss in the last three weeks.

The markets will be closed Friday for the Independence Day holiday.

Getting a final close took some time because a computer failure at the New York Stock Exchange forced trading to be done with paper and pencil. The exchange allowed trading to continue until 4:15 p.m. ET.

As a result, the final computation of the Dow’s finish was delayed. Dow Jones & Co. computes the index using only the closing prices from the floor of the NYSE for the Dow components listed on the exchange.

That affects 27 of the 30 Dow stocks. Microsoft (MSFT), Intel (INTC) and Cisco Systems (CSCO) are listed on Nasdaq. (Microsoft is publisher of MSN Money.)

Now, please tell me how you can have unemployment both rise and fall simultaneously? Makes it look like the economy is improving and collapsing. Do you think that somebody is purposely “siding” their opinion? From what I have seen around both the internet and other venues, either you “tow” the Obama line or be called every epitath there is. From what I see in the “real world”, this economy is still in the crapper and there isn’t too much optimism being displayed. You be the judge…….


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