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Charting Today's Second Worst Ever Initial Claims Miss To Expectations

Tyler Durden's picture


Today's horrendous Initial Claims number was so bad that not even CNBC tried to spin it. In fact, as John Lohman points out, it was the second biggest miss to consensus in history! Of course, seeing how this is consensus and the BLS does not reveal any unknown information, we wonder just how difficult is it to factor in any special factors in determining project numbers, and if the answer is "very" then why do we need economists in the first place (that's rhetorical). And while Liesman is in Europe on some assignment, here is Goldman explaining why the historic miss was based entirely on special factors.

Charting historical misses to consensus.

And heeeeeere's Goldman:


1. Initial jobless claims rose to 474k in the last week of April, from 431k in the previous week. The Department of Labor (DOL) cited three main factors behind the increase. First, plant shutdowns in the auto sector caused temporary layoffs. Second, Oregon reformatted its extended benefits program which "also pulled in some new claimants" (according to Bloomberg). Third, initial claims in New York rose due to seasonal adjustment problems. According to the DOL, the change in Oregon accounted for only 1,000 or so of the increase, and the impact of auto shutdowns was "very small". The major factor behind the increase was "administrative", reflecting seasonal claims in New York that were all filed in a single week. This accounted for about 25,000 of the increase last week, according to the DOL.

2. Even with these distortions accounted for, the result was still poor, and suggests some slowing of employment growth. This is more likely to have implications for the May employment report than for tomorrow's report, which is based on a survey conducted in the week of April 10-16, well before the numbers reported today.

3. Nonfarm productivity grew at a 1.6% annual rate in Q1, better than we or the consensus expected. Nonfarm output significantly outpaced economy-wide GDP growth (3.1% versus 1.8%) while employee hours grew at a similar rate to the past two quarters (1.4%). Unit labor costs were up slightly more than expected, and 1.2% on a year-over-year basis, although in historical terms these remain extremely muted.


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Thu, 05/05/2011 - 09:39 | 1242865 GetZeeGold
GetZeeGold's picture



Damn....missed again.



Thu, 05/05/2011 - 10:00 | 1242954 Cognitive Dissonance
Cognitive Dissonance's picture

Maxwell Smart: "Missed it by [ that ] much."

Thu, 05/05/2011 - 10:08 | 1242986 Cone of Uncertainty
Cone of Uncertainty's picture

Is that guy talking about the size of Bernanke's wang?

Thu, 05/05/2011 - 10:10 | 1243007 GetZeeGold
GetZeeGold's picture


Is that guy talking about the size of Bernanke's..... does explain why the screw job doesn't seem to actually hurt.....that bad.



Thu, 05/05/2011 - 10:17 | 1243026 Id fight Gandhi
Id fight Gandhi's picture

That's more of a peering-though-a-magnifying-glass gesture.

Thu, 05/05/2011 - 10:20 | 1243059 CPL
CPL's picture

He'll never touch bottom, but he'll be able to bang the hell out of the sides.

Thu, 05/05/2011 - 10:16 | 1243019 nyse
nyse's picture


Thu, 05/05/2011 - 10:18 | 1243031 Don Birnam
Don Birnam's picture

"A miss ? Bah ! 'Twas naught but anomalies. 'Tis but a scratch."

Thu, 05/05/2011 - 10:18 | 1243046 Cognitive Dissonance
Cognitive Dissonance's picture

Some people just don't know when to give up.

Thu, 05/05/2011 - 10:22 | 1243039 DaveyJones
DaveyJones's picture

Beat me to it. Brilliant show. Look at the creators. The more I think about the ineptitude of our government the more I think about the show. Caught a rare interview with Barbara Feldman when Don Adams died, nice. Guess there was a big hold up and you could not get the old episodes on DVD. Luckily they're available now. Guess Chaos won afterall......  

pre-waterboard humor

Thu, 05/05/2011 - 10:27 | 1243076 Cognitive Dissonance
Cognitive Dissonance's picture

I always loved the cone of silence, including all the various derivations such as the mobile or underwater ones. They could never hear each other, but everyone else could always hear them. :>)


Thu, 05/05/2011 - 10:38 | 1243111 DaveyJones
DaveyJones's picture

everyone would hear them because they would end up bending out underneath and start yelling at each other :)

Thu, 05/05/2011 - 10:44 | 1243158 Cognitive Dissonance
Cognitive Dissonance's picture

The parallels between CONTROL and Security are too numerous to list other than incompetence.

Thu, 05/05/2011 - 10:39 | 1243139 Don Birnam
Don Birnam's picture

There is no comedy such as this anymore, IMO. A rotary phone in the heel of a Florsheim: classic men's accessory. ( Do they sell these at Brookstone ? ) As an aside, Don Adams' personal automobile was, for many years, the red '65 Sunbeam Tiger he drove in the credits for the first several seasons.

Thu, 05/05/2011 - 10:55 | 1243233 DaveyJones
DaveyJones's picture

great pic

Thu, 05/05/2011 - 12:15 | 1243681 Problem Is
Problem Is's picture

+5... Hilarious CD!!
It's Timmay Jeethner talking to a pre-beard Bernank about to load the helicopter...

Mary Shapiro is going to make a double-butt-ugly Agent 99...

Thu, 05/05/2011 - 14:09 | 1244186 Cognitive Dissonance
Cognitive Dissonance's picture

I thought it was Karma calling when I found the photo of Maxwell Smart showing us how small a miss it was along with the Chief of CONTROL holding bags of money. Priceless.

Thu, 05/05/2011 - 10:37 | 1243130 bankonzhongguo
bankonzhongguo's picture

This is why they "killed" bin ladin.

Too bad the "mission accomplished - part deux" was as effective as a CME silver margin hike.


Thu, 05/05/2011 - 09:43 | 1242870 RunningMan
RunningMan's picture

Start hiring more spin specialists. 

Thu, 05/05/2011 - 10:41 | 1243157 Use of Weapons
Use of Weapons's picture

Funny you should mention that.

Seems ICE wants to know why Capital flight is occurring.

Thu, 05/05/2011 - 09:45 | 1242878 hedgeless_horseman
hedgeless_horseman's picture

Liesman is in Europe on some assignment. 

Steve is visiting England, where he can learn that the English translation of his surname is, "a man that lies."  One can't hide from one's heritage.


Thu, 05/05/2011 - 09:57 | 1242950 I Am The Unknow...
I Am The Unknown Comic's picture

Excellent observation.  Is his middle name "Wurm?"

Thu, 05/05/2011 - 10:20 | 1243053 Id fight Gandhi
Id fight Gandhi's picture

Isnt it a Jewish name?

Thu, 05/05/2011 - 09:42 | 1242881 digitlman
Thu, 05/05/2011 - 09:46 | 1242902 Temporalist
Temporalist's picture

The title of the article you link is

Jobless Claims in U.S. Unexpectedly Jump Due to Anomalies

By "Anomalies" they mean people who can't find jobs.

Thu, 05/05/2011 - 10:12 | 1243014 aheady
aheady's picture


Thu, 05/05/2011 - 10:08 | 1242998 The Third Man
The Third Man's picture

Notice how the drums are starting to beat inside the FED for QE3?

Stimulus Necessary

Federal Reserve Bank of Boston President Eric Rosengren yesterday said record stimulus is necessary to spur the “anemic” economy and that raising interest rates to combat increasing food and fuel prices would impede growth.

Thu, 05/05/2011 - 11:03 | 1243293 Alex Kintner
Alex Kintner's picture

Yeah right. Like QE 1&2 were sooo good at generating jobs. QE3 will complete the annihilation the seniors living on fixed income and they spill into the labor market to push the unemployment rate to 50%. Dammit, freakin blood pressure.  I need a nap.

Thu, 05/05/2011 - 10:41 | 1243159 Mentaliusanything
Mentaliusanything's picture

"The four-week moving average for jobless claims, a less- volatile measure, rose to 431,250 from 409,000."

Well I'm glad thats sorted yah fuckers

Thu, 05/05/2011 - 11:01 | 1243267 Alex Kintner
Alex Kintner's picture

Ha ha ha.

Bloomberg: The "Spring Break" effect. Oh for chrise sakes, now they are just making sh1+ up.

Thu, 05/05/2011 - 09:45 | 1242882 Segestan
Segestan's picture

Not to worry these are just more of the millions of Fat , Lazy Americans abusing tax payers. Jobs that only illegal minorities really want. Move along.

Thu, 05/05/2011 - 09:46 | 1242890 Clorox Cowboy
Clorox Cowboy's picture

I'm beyond fed-up at this point with hearing everyone blame bad news on problems with seasonal adjustment!!  My 3 year old daughter understands that you don't change the rules in the middle of the turds at GS liked seasonal adjustments just fine when it gave you good numbers (ones that match your laughable GDP estimates), so no, I'm're stuck with it.

Thu, 05/05/2011 - 09:48 | 1242903 GetZeeGold
GetZeeGold's picture turds at GS


Wow....does the promotion come with a raise?





Thu, 05/05/2011 - 11:07 | 1243311 Alex Kintner
Alex Kintner's picture

+10. LOL. Oh man, who junked you for that one. Freakin G$ trolls are everywhere.

Thu, 05/05/2011 - 09:48 | 1242898 tempo
tempo's picture

Ben Landen killing offset poor jobs number in short term...maybe connected. We are starting to see the initial effect of the slowing in the GROWTH in deficit spending. Expect a 5-8% contraction in GDP if budget was balanced. No way this will be allowed as the elite families making trillions will be exposed. At this point, poor jobs numbers lends support to even higher deficit spending.

Thu, 05/05/2011 - 09:51 | 1242929 GetZeeGold
GetZeeGold's picture



This just in......Ben still dead.


More film at pictures though.




Thu, 05/05/2011 - 10:43 | 1243140 DaveyJones
DaveyJones's picture

shit, and I only have a photographic memory. I think you solved the mystery though. They killed BEN laden not his brother Bin

Thu, 05/05/2011 - 09:47 | 1242899 willien1derland
willien1derland's picture

TD Zandi's assessment of today's Jobless Claims data (Moody's Analytics) - Initial U.S. jobless claims are not moving in the right direction, but while the movement is discouraging some temporary factors appear to be at play. According to the Labor Department, supply-related disruptions due to the Japanese earthquake are a factor. A new benefits program in Oregon and an unanticipated seasonal issue in New York also may have added to the outsized gain seen in the latest week. Thus the labor market remains poised for improvement; claims should trend back below 400,000 per week, as they did in the first quarter.


Damage to the labor market over the last several years, though, has been great. Counting both the regular UI program and extended and emergency benefits, there are 8 million unemployed workers; roughly half have been unemployed for greater than 26 weeks. Net job gains are forecast to average close to 200,000 per month this year and above 250,000 per month in 2012. Even at this pace, the labor market will take several years to recoup the losses suffered during the recession.


Zandi has no soul - Totally off topic - TD any insight on 'Yentervention' as you have named it? Where the hell is the G7? Last time the G7 officially intervened - no sign of the lads currently - any insight would be appreciated!

Thu, 05/05/2011 - 09:48 | 1242901 Silver Bug
Silver Bug's picture

Wow, now that is horrendous. Luckily we have a unlimited amount of food stamps! This is just sad, when not even CNBC tries to spin it, the propaganda network.


Economist, I believe have proven, they are obsolete, at least the Keynesian ones. When have they been right in the past ten years? At all!

Thu, 05/05/2011 - 09:48 | 1242905 silvertrain
silvertrain's picture

Arent alot of those people on unemployment comming off about now? The 99'ers as there called..

Thu, 05/05/2011 - 11:20 | 1243385 Alex Kintner
Alex Kintner's picture

Yup. Most completed their 99 week tour in the past few months. Another million will lose UI benefits between now and June. It's a good news story because it will really improve the official unemployment rate. ;-)


2009 Jobloss by month chart

Thu, 05/05/2011 - 09:47 | 1242907 lizzy36
lizzy36's picture

Leisman is holding a CB circle jerk tomorrow. As per usual taxpayers and savers, will be left eating the cracker.

Thu, 05/05/2011 - 09:52 | 1242909 SheepDog-One
SheepDog-One's picture

We need to create 300,000 jobs a month just to stay even. This is total utter central bankster planning *FAIL*.

I'll put it this way- If I had presented anything that has gone on from the FED in a freshman Econ 101 class, I would have gotten an 'F' and told to retake.

They can spin it all they like, but at this point even a damn moron can see this is all a joke.

Thu, 05/05/2011 - 10:05 | 1242982 darteaus
darteaus's picture


Minor quibble:  These are job losses, and, as you probaly know, jobs created are something else.  So, if GM lays off 400K workers, and HP hires 500K workers, the unemployment numbers will show and increase of roughly 400K - eventhough the economy is getting an increase of 100K jobs.

-- dart

Thu, 05/05/2011 - 10:26 | 1243073 SheepDog-One
SheepDog-One's picture

So, youre saying we're actually creating far more than 800K jobs a month then? Somethin tells me 'nah'.

Thu, 05/05/2011 - 11:15 | 1243338 SirIssacNewton
SirIssacNewton's picture

Are you counting the 62,000 high quality jobs that McDonalds just created?  Wait a minute.... they are all part-time jobs...oh and the people that already work there are getting less hours.  So, 62,000 part time jobs...... and a reduction of 20,000 full-time McDonalds jobs to part-time status.  Ding Ding Ding.... McDonalds, they don't have to pay benefits like health care.  McDonalds has just helped create more working poor.

Thu, 05/05/2011 - 11:29 | 1243434 Alex Kintner
Alex Kintner's picture

Don't forget 100,000 new workers enter the labor force each month due to population reaching working age.

Thu, 05/05/2011 - 10:21 | 1243060 Abitdodgie
Abitdodgie's picture

So you mean they are lying to us?

Thu, 05/05/2011 - 09:50 | 1242910 Rusty Shorts
Rusty Shorts's picture

haaaahahahaaaa the truth is coming it before it disappears - i know o/t.


Thu, 05/05/2011 - 09:55 | 1242937 augie
augie's picture

wow. I have heard nothing about this. Thank you for the video. My opinion of Gaddafi has just changed from conviction sell to neutral.

Thu, 05/05/2011 - 10:34 | 1243116 jplotinus
jplotinus's picture

You have been remiss in your duty to keep yourself informed:



Thu, 05/05/2011 - 12:25 | 1243733 augie
augie's picture

where is my mind!?!?!?!?! 


thank you. I must have been high that day. 

Thu, 05/05/2011 - 10:07 | 1242981 I Am The Unknow...
I Am The Unknown Comic's picture

thanks for the clip Rusty.  RT is at least, if not certainly more, credible as CNN/FOX.  So, I do give this merit.  I was not aware of this.  Thanks for the info. 

And to our noble peace prize winner, all I can say is Truth hurts, eh?

Thu, 05/05/2011 - 10:34 | 1243113 The Third Man
The Third Man's picture

Very good find!

I especially like Celente's "Iraq broccoli" comment.

Thu, 05/05/2011 - 10:37 | 1243120 The Third Man
The Third Man's picture

Great ending line in the newscast

Libya to the U.S. on the price of oil..."Sorry, the price has gone up......and we want gold!"

Thu, 05/05/2011 - 10:51 | 1243206 DaveyJones
DaveyJones's picture

just like saddam

Thu, 05/05/2011 - 09:49 | 1242914 oogs66
oogs66's picture

And they did revise upward last week's already bad claims number :)

Thu, 05/05/2011 - 09:52 | 1242916 JackInTheBox
JackInTheBox's picture

It was snowing in Minnesota last week.  Maybe that had something to do with the miss?


Thu, 05/05/2011 - 09:52 | 1242919 digalert
digalert's picture

I could use an Obama pep rally speech about now...

"I saved the world, it was Bush's fault yada yada"

Thu, 05/05/2011 - 09:56 | 1242946 oogs66
oogs66's picture

I want them to play recordings and release e-mails from Sept. 12, 2001 of Obama and Rahm Emmanuel trying to figure out how Chicago can take advantage of the problems in New York.

Thu, 05/05/2011 - 10:03 | 1242969 NOTW777
NOTW777's picture

those people in front of the WH sunday eve are being bused to ground zero.

shameless hypocrisy - holder and obama are still pursuing criminal charges against the CIA that made this OBL story possible.  waterboarding is supposed torture but gunning down OBL is the new liberal wonder

Thu, 05/05/2011 - 10:07 | 1242976 augie
augie's picture

so much better than obama.

Thu, 05/05/2011 - 09:53 | 1242924 djsmps
djsmps's picture

Twenty or so minutes ago,  Bob Pisani said that the numbers were "a little worse than expected." If that's not spin, I don't know what is.

Thu, 05/05/2011 - 09:54 | 1242933 SheepDog-One
SheepDog-One's picture

430K avg weekly job loss for 2 1/2 years its a freakin nightmare! 'A little worse' nice job media whores.

Thu, 05/05/2011 - 10:07 | 1242977 NOTW777
NOTW777's picture

remember they dont expect much from an affirmative action admin. so "alittle" might be correct

Thu, 05/05/2011 - 09:51 | 1242930 Cassandra Syndrome
Cassandra Syndrome's picture

Relax folks, bloomberg says this is all because of "anomalies".......

Funny they don't mention the biggest anomaly of all, the Federal Reserve


Thu, 05/05/2011 - 10:25 | 1243065 The Third Man
The Third Man's picture

Read again.....A Fed underling in this article beats the drum for more printing....QE3 is coming.

Thu, 05/05/2011 - 09:54 | 1242934 citrine
citrine's picture

"Double-dip recession" has become obvious, so it seems...

Thu, 05/05/2011 - 09:55 | 1242935 Smiley
Smiley's picture

They can always hire more census workers to go count grains of sand at the beach.  That'll keep everyone distracted for awhile.

Thu, 05/05/2011 - 09:55 | 1242941 RobotTrader
RobotTrader's picture

As usual, retailers like Abercrombie are totally unfazed from:

- Bad jobs data

- Inflation/deflation debates

- Middle East turmoil

- Wildly gyrating metals and currencies.

Thu, 05/05/2011 - 10:04 | 1242966 Smiley
Smiley's picture

Priorities; got em.

Thu, 05/05/2011 - 10:28 | 1243083 SheepDog-One
SheepDog-One's picture

LOL RainbowTrader tryin to act all gulliable and stupid again...gee how much does Tyler pay you to do this act?

Thu, 05/05/2011 - 09:58 | 1242943 I Am The Unknow...
I Am The Unknown Comic's picture

Gosh Tyler, I envy your excellent sense of humor.  I bet you are invited to a great number of parties and that your family and friends are grateful to have you. 

Once again, thank you for doing this.

...and for those of us getting sheered on paper silver, here's a clip in light of the 5th margin hike in 8 days:

Looking at the options chain for SLV, I still have hopes my remaining calls won't expire worthless.  I've got puts but the positions have not been enough to offset the mass destruction wipeout in calls.  I'm hanging in there and hoping, and praying.  I'm not much concerned about losing money on physical.  Good luck to all. 

Thu, 05/05/2011 - 10:35 | 1243011 Mentaliusanything
Mentaliusanything's picture

Harsh as it may be - read the disclaimer- to the right, 7 lines up from the bottom - the Wall Street way - don't do what I'm saying, do what I'm doing and that's you.

You will thank him for the cuts and brusies when the swelling goes down.

Advise given by Trautman Wasserman &Co - formally called Hook'em and Hose'em (but the name was to close to the Truth)

Thu, 05/05/2011 - 10:44 | 1243179 I Am The Unknow...
I Am The Unknown Comic's picture

you forgot to remind me that I also need to exercise more and eat my vegetables (chuckle).....I'm just poking back at you.  I know about the disclaimer and I am a big boy who makes his own bad investment decisions, obviously. 

I sure do look forward to the swelling going down though...I'm looking forward to the next round....July calls.    Heck if the silver price goes to $28 by 4 pm tomorrow, I just might make enough on my puts to cover my call losses. 

Thu, 05/05/2011 - 09:59 | 1242948 Mentaliusanything
Mentaliusanything's picture

I have yet to see the Japan effect in play - give it in 3-2-1.

Judas priest these guys have the brains of smashed crabs.

or may be the weather or ------ give me something I can believe in.

Breaking News ------ Osama bin ladin is STILL dead.

USA USA USA and all that Rar Rar Rar.

Until the Banks are restrained..... on empty ears and fuel tanks it will fall

Thu, 05/05/2011 - 09:58 | 1242953 Cassandra Syndrome
Cassandra Syndrome's picture

6th May Flash Crash anniversary is on a Friday this year.

Its also Gordon Gekko's birthday.

Thu, 05/05/2011 - 10:01 | 1242962 sbenard
sbenard's picture

And yet the market is still dismissing it, and stocks are showing strong signs of another rebound.  This is proof that there is not free market. It's all manipulated!

Thu, 05/05/2011 - 10:01 | 1242964 6 String
6 String's picture

Definately good enough for a green close.

Thu, 05/05/2011 - 10:06 | 1242971 firstdivision
firstdivision's picture

Almost green!! QE3 is getting priced in.

Thu, 05/05/2011 - 10:04 | 1242973 dick cheneys ghost
dick cheneys ghost's picture

Estimated layoffs in texas is 335,000 due to budget shortfall.....those are some big numbers., york and california will be similar....

Thu, 05/05/2011 - 10:08 | 1242984 6 String
6 String's picture

NASDAQ just turned green.

Thu, 05/05/2011 - 10:09 | 1242987 somethingelse
somethingelse's picture

I want a "Special Factors"  t-shirt!

Thu, 05/05/2011 - 10:11 | 1242995 Rusty Shorts
Rusty Shorts's picture


type ILLUMINATI on your browser backwardly and add dot? com.


Now I'm worried.

Thu, 05/05/2011 - 10:17 | 1243024 scatterbrains
scatterbrains's picture

gee thanks now I'm gonna probably be supertracked or j-damned or something.

Thu, 05/05/2011 - 10:26 | 1243070 Rusty Shorts
Rusty Shorts's picture

sorry, should have added that it is the New St Aven website. I have ran across some other scarry shit this morning to boot.

Thu, 05/05/2011 - 10:18 | 1243032 magpie
magpie's picture

In this empire, all roads lead to Tavistock, Langley, Fort Meade whatever.

Thu, 05/05/2011 - 10:20 | 1243055 MilleniumJane
MilleniumJane's picture

Did it...and I'll be damned.  This is a sick joke.  I wonder what other words they have used?

Thu, 05/05/2011 - 10:32 | 1243102 Rusty Shorts
Rusty Shorts's picture

It is getting sick.


"The cowardly Japanese Prime Minister Naoto Kan handed 60 trillion yen over to the Federal Reserve Board crime syndicate immediately after his country was attacked with HAARP and nuclear terror, according to Japanese security police sources. The extortion money was paid off following threats to use HAARP to cause Mt. Fuji to erupt. For those of you still too brainwashed to believe such a thing is possible, please take a look at the following transcript available on the US Defense Department’s home page:"

Thu, 05/05/2011 - 10:29 | 1243098 Old. No. 7
Old. No. 7's picture

That's so f*cked up.

Thu, 05/05/2011 - 10:49 | 1243211 MrBinkeyWhat
MrBinkeyWhat's picture

HOLY CRAP! That takes you to a NSA site. Have your firewall on MAX, and don't accept the "add ons" or the cookies.

Thu, 05/05/2011 - 10:56 | 1243243 Use of Weapons
Use of Weapons's picture

Simple re-direct /troll

John Fenley
1985N 360E
Provo, Utah 84604-1803
United States

Registered through:, Inc. (
Created on: 20-Nov-02
Expires on: 20-Nov-12
Last Updated on: 22-Nov-10

Administrative Contact:
Fenley, John
1985N 360E
Provo, Utah 84604-1803
United States

Technical Contact:
Fenley, John
1985N 360E
Provo, Utah 84604-1803
United States

Domain servers in listed order:




Come on now.. keep the tinfoil shiny, this is re-used crack pipe variety.

Thu, 05/05/2011 - 10:58 | 1243249 Raynja
Raynja's picture

That's fuckin nuts

Thu, 05/05/2011 - 10:12 | 1242999 QQQBall
QQQBall's picture

Its the nice weather. Everyone was waiting for a sunny day to file their UE claim. Oh wait, that was last month

Thu, 05/05/2011 - 10:09 | 1243002 6 String
6 String's picture

Oh....and the 10:30 to 12:00 P.M. ET smack down on silver will commence soon, sending it down at least $2 +.

Thu, 05/05/2011 - 10:09 | 1243003 Vincent Vega
Vincent Vega's picture

The Bernank says these numbers are transitory.

Thu, 05/05/2011 - 10:14 | 1243013 scatterbrains
scatterbrains's picture

the gleetards at cnbc have been given instructions to act doomy and gloomy to set the backdrop for QE2.b

Thu, 05/05/2011 - 10:13 | 1243016 oklaboy
oklaboy's picture

Blizzard here in Oklahoma, expect 500K next week

Thu, 05/05/2011 - 10:23 | 1243057 writingsonthewall
writingsonthewall's picture

Light rain in New York on Friday - that could push it to 550k!


It's all swings and roundabouts - here we have 2 sides of the same coin. I know the UK weather is unreliable - but this is absurd!

So is a sunny April good....or bad for the Economy?

Thu, 05/05/2011 - 10:13 | 1243018 BusyBody
BusyBody's picture

A website, has been reporting substantial layoffs--hundreds to thousands at a time, of state government employees for a couple of months.

Thu, 05/05/2011 - 10:44 | 1243166 Creed
Creed's picture
by BusyBody
on Thu, 05/05/2011 - 10:13


A website, has been reporting substantial layoffs--hundreds to thousands at a time, of state government employees for a couple of months.




fuck em


I'm sick of paying property taxes so those asshats can live better then me

I'm sick of paying new and higher fees everytime I turn around

Thu, 05/05/2011 - 10:19 | 1243037 writingsonthewall
writingsonthewall's picture

This is exactly the same as 1930 - 1940 - back then they had less imagination and 'factors' to choose from. They had about 4 years of calling 'bottom' - followed by another 6 of calling 'recovery' and everytime the predictions didn't rin g true - they would make up some reason for the particular failure - rather than look at the economic picture.


It's all in J.k.Galbraiths book - the great crash - the newspaper headlines were on a par with the MSM feed of today. Totally detached from reality and reason - to the point where nobody even listened anymore but they kept on printing them anyway....

Thu, 05/05/2011 - 10:21 | 1243047 Atomizer
Atomizer's picture

Building bridges to nowhere & high speed trains slush fund is drying up. 92% allocation.

American Recovery and Reinvestment Act 2011

Thu, 05/05/2011 - 10:22 | 1243054 HedgeFundLIVE
HedgeFundLIVE's picture

i think this is a blip.

Thu, 05/05/2011 - 10:29 | 1243089 SheepDog-One
SheepDog-One's picture

Yea it is a blip, every week for 2 1/2 years.

Thu, 05/05/2011 - 10:27 | 1243088 Use of Weapons
Use of Weapons's picture

Why they missed the targets:

The Office of the Comptroller of the Currency (hereinafter "OCC") a bureau of the United States Department of the Treasury, is the primary regulator of all nationally chartered banking institutions. The OCC is responsible for promoting the safety and soundness of the country's national banking system and maintaining its competitiveness, efficiency, integrity and stability in the financial marketplace. The OCC has a requirement for the provision of vision benefits and administrative support services.

PLEASE NOTE: The OCC Vision Benefits and Administration Request for Proposal has been delayed and will be posted on or about May 3, 2011.

Thank you.

PLEASE NOTE: The OCC Vision Benefits and Administration Request for Proposal has been delayed and will be posted on or about May 13, 2011.


Wondering at the CV of the OCC ("Comptroller")...

Thu, 05/05/2011 - 10:42 | 1243148 Creed
Creed's picture

and the dollar is up strong on this news?


wtf/ over


juggling chainsaws looks cool until it doesn't


what is everyone on wall st & .gov on crack?

Thu, 05/05/2011 - 11:33 | 1243447 Mentaliusanything
Mentaliusanything's picture

Day be de only ones who can aford it Bro

Thu, 05/05/2011 - 11:12 | 1243337 digalert
digalert's picture

Barack Barry Hussein Soetoro Obama sends ZH'ers a message:

"the UE numbers are conspiracy theories"

Do NOT follow this link or you will be banned from the site!