Initial Claims 388K, Miss Expectations, Previous Revised Naturally Higher To 394K, Would Have Missed Too

Tyler Durden's picture

And so we find that last week's surprising beat was actually a miss as is this week's, which came at 388K on expectations of 380K, last week revised from 382K to 394K. Snow not blamed as this number sets a big question mark on tomorrow's NFP number. Continuing claims last week was also revised higher from 3,721K to 3,765K, with this week missing expectations (3,705K) as well at 3,714K. And the 99 week cliff is impacting more and more as persons claiming benefits on all programs, including EUC and Extended Benefits, increased by just 4,372. A US Labour spokesman says nothing unusual in last week's claims, and revisions showed mild upward shift.

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oogs66's picture

yeah, the headline is 'claims fell 6,000'....All is good...ignore that it missed expectations.  ignore that last week's was revised up 12k.  ignore portuguese and irish bond yields blowing out to new records

JohnnieWalker's picture

What does shadaw stats have to say about this?

bugs_'s picture

but did it rain?

FunkyMonkeyBoy's picture

When will this nightmare end...?

 

That's right, when the people actually do something about it... i.e. never, based on recent history... to call the masses Submissive is being too kind.

SheepDog-One's picture

Thats right, FMB. Why do the bullies keep bullying? Because the wire rim nerds who talk all day about the bullies unfair methodology never just smack the bully in the beak. And most all americans are perfectly content in their submission.

X. Kurt OSis's picture

Agreed. 

We are the flacid impotent welfare dependent co-conspirators that make this whole game possible. 

This is my fault.  Until the rest of the population recognizes this, the game will continue.

Cdad's picture

John,

Indeed.  The last real man left at the BlowHorn [CNBC].  

And as the circus really broadens...not sure how many tents we have now...Santelli has his finger on the real issue...incompetent people in DC that are currently set to make the biggest fiscal mistake in the history of the globe.

Great!

Additional:

Of course, the BlowHorn [CNBC] has gone wall-to-wall with the Sokol resignation.  Always right on top of irrelevance over at the Squawk.

wisefool's picture

I am starting to have hope for Joe. He is making some genuine (non MSM approved)  slips lately, but like today, he tries his best to cover up by saying he is only trying give Santelli raw meat for bait.

Meanwhile, (as CDAD mentioned) Becky Quick is despondant that Buffets' heir apparent is resigning. She's going to have to figure out whose going to be the new boss to keep her alise seat on Berkshire-One.

Cdad's picture

Wall to wall on Sokol continues on the BlowHorn [CNBC]...moving into the next programing hour with a surreal exposition by Bob zerocred Pisani...a 20 year veteran reporter on the floor of the NYSE.  Bob praises Buffet for putting Sokol out there on the BlowHorn so that "the media does not drag him around by the nose."  Again, Bob zerocred Pisani IS media.  

Yet another demonstration of just how far the networks have fallen away from their duty as the 4th Estate.  Hello COMCAST?  Any plans to even try to re establish integrity at the network?  And if not...why the hell did you buy the thing...considering that it is literally the last place news network?

Bizarro world continues marching on...

Man, I really miss shopping stories.

snowball777's picture

Why sit in the latrine and complain about the smell?

pazmaker's picture

No but next week they will blame the snow because of the big nor' easter getting ready to hit!

TexDenim's picture

I see the ES starting to tremble a little......

HelluvaEngineer's picture

Don't worry.   They'll prop it up for month / quarter end.

whatz that smell's picture

....bonuses depend on it!

praise be the bernank! may his easing bring coke and hookers forever!

Josh Randall's picture

All countries need to Raise tariffs through the roof like they used to; what could happen other than self reliance, and potential propserity in almost all sectors, War ? Seriously we are in perpetual war now already (excuse me, kinetic)

Silverhog's picture

They haven't used solar flares yet.

Alea Iacta Est's picture

Stop spreading fear! We are printing new jobs as fast as we can!

GOSPLAN HERO's picture

"Almost half of the cost ($269 million) has come from the 191 Tomahawk missiles that have been launched into Libya. I think it is extremely interesting to know that each Tomahawk has more than a monster box (500 oz.) of silver inside of each missile. Pure silver has the highest electrical and thermal conductivity of all metals. When there is a $1.5 million dollar missile is being produced to secure more oil for the Empire, the Elite will use only the best materials to ensure the best performing results." -- Silver Shield

Obama loves to vaporize PMs!

Miss Expectations's picture

Ha Ha...you can't eat gold, but silver blows up real good.

Josh Randall's picture

ya man, tell you what, that silver blows up real good like...we need to learn them libyans some lessons real good too 

Blano's picture

At 500 oz. that's over 30 pounds of silver.....seems like an awful lot.

Caveman93's picture

I am slated to lose my job which I have had 7 years tomorrow. +1.

Coast Watcher's picture

Sorry to hear that, CM. I lost mine two years ago and at my age replacing like with like is impossible. Hope you're better positioned.

Johnny Lawrence's picture

Both of you quit whining.  Don't you know the stock market is up?

(kidding, obviously)

firstdivision's picture

Nothing to worry about.  According to the news, jobs are plentiful and there's plenty of hiring.  If all else fails, maybe you can get hired by CNBC.  They are the ones saying plenty of hiring going on, so I would have to assume that CNBC is doing massive hiring.

 

Godspeed though.

Bugman82's picture

I like the CNBC headlines:

-Futures Dip Despite Fall in Jobless Claims

-More Progress in Labor Market as Jobless Claims Fall Further

Also, if you were fortunate enough to watch the immediate breaking headline you would have seen the headline they had to change rather quickly to save face:  Breaking:  Jobless Claims Fall More than Expected.

When you can't spin the numbers just outright lie :)   Futures down 1 point, BTFD

Edit:  Actually the headline is still there!  http://www.cnbc.com/id/42356195

 

Miss Expectations's picture

Something's definately wrong with CNBC.  I've been standing here naked for over 2 years, and they don't even look my way.

moneymutt's picture

So once again, jobless recovery. Private businesses are creating jobs more than before but many other private businesses are still shedding jobs and now govt employees will be losing work in greater number also. 

More and more is produced with less and less labor, meaning less people can get a piece of the action because simply there is little demand for their labor, education, skills.

dexter_morgan's picture

Somewhere, robottrader is smiling....and raking in the dough.

DispenzPez's picture

All In The Family: Lying & Propaganda, the siamese twins of government subterfuge.

Johnny Lawrence's picture

I don't care what this says.  The CEO of ADP said everything was fine.

Johnny Lawrence's picture

And I love how last week was a 12k revision.  12,000 f'in claims. 

DispenzPez's picture

ADP: Always Disseminate Propaganda

X. Kurt OSis's picture

We are literally drowning in an ocean of lies:

Per Bloomberg: initial claims decline by 6,000 from prior week, a sign that the labor market is improving.

Next week's headline: initial claims decline by 6,000 to 420,000, a sign that the labor market is improving.

The week after: initial claims decline by 6,000 to 450,000, a sign that the labor market is improving.

Everyone in the mainstream financial media should be dragged to the middle of the town square and shot.

rrbluefin's picture

Shot?  Too easy for them.  I suggest hanging by piano wire.  Let them feel just some of the pain the rest of us have been experiencing.

RunningMan's picture

Initial claims still  higher than one would expect based on a recovery. But the long run average of initial claims (SA) for the last 30 years is around 384K (straight average). So it is the continuing claims that still makes the situation untenable. What is everyone seeing out there in terms of business activity? I have noticed a big drop off in the last few weeks...

I am Jobe's picture

The bullshit report. When are these guys going to really report the actual news.

firstdivision's picture

12k revision?!?  That has to be a near record for a revision on the initial claims. 

DispenzPez's picture

Actual News: Can't do it, once the vault of lies is constructed pride and position take the key.

usexpat's picture

not to worry. Netflix, Priceline and Lululemon will still soar...What planet am I living on? This whole thing has become a farce.

TruthInSunshine's picture

4 handle by June; will see a print over 500k by July, and it gets worse from there.

Japan is the catalyst that takes down what was a gutted out, sugar high, illusion of an economy and recovery - it would have cracked anyways, but Japan will accelerate the reckoning.

China is about to get absolutely drilled, as they are final point of assembly for a shitload of durable goods depending on Japanese fabricated components.

Silverhog's picture

Guessing this week's number will be revised to 399,000 next week and the new number will come in lower at 392,000. Yes, we are making gains, my third grade math tells me so.

GetZeeGold's picture

 

I wish we could halt this recovery so gas prices would go back down.

 

........what?