(BLS) Bunch of Liars and Scheisters revises last weeks claims up again. Ratio now 40:6 for Upward vs Downward revisions

Since the current week claims number is irrelevant and will be adjusted higher next week, we first point out last week's 27 or so consecutive revision, which was pushed higher from 452K to 455K. This also brings the total YTD prior revision at 34 up and 6 down.  The current week number of 434K was below expectations of 455K. Look for the next week's revision to meet or beat the actual expectation but who will care then. In the meantime, with the last number before QE2 announcement, we expect the Primary Dealers to immediately tell the Fed no more POMOs are needed. And as an aside, continuing claims were revised from 4441K to 4478K. This is 40 up revisions, and 2 down.
Probably the most important data from an economic perspective is that 400k people dropped from EUCs and extended claims. What would be interesting to know is how many of the 400K have simply given up and cannot receive unemployment either.

The chart below tells the complete revision picture: