Jobless Claims Huge Miss To Expectations Of 380K, Print At 412K, Previous Revised Upward, Core PPI Higher Than Expected

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Thu, 04/14/2011 - 08:40 | 1168274 NOTW777
NOTW777's picture


Thu, 04/14/2011 - 09:17 | 1168392 Thomas
Thomas's picture

Get Sophie on the phone. She's got some choices to make.

Thu, 04/14/2011 - 09:31 | 1168452 youngman
youngman's picture

As the BRIC´s are meeting about the demise of the US man

Thu, 04/14/2011 - 09:15 | 1168380 trillion_dollar...
trillion_dollar_deficit's picture


Thu, 04/14/2011 - 09:44 | 1168488 taraxias
taraxias's picture

brilliant ++++

Thu, 04/14/2011 - 11:27 | 1168860 AmazingLarry
AmazingLarry's picture

Nice! I'll need to borrow that at 0% if you don't mind.

Thu, 04/14/2011 - 09:45 | 1168496 oh_bama
oh_bama's picture

Why too negative and unamerican!!

  • Claims are high due to JAPAN and MIDEAST!
  • BTFD and you will be rewarded!!
Thu, 04/14/2011 - 08:42 | 1168287 101 years and c...
101 years and counting's picture

...BLS notes that jump in claims reflects quarter end.

So, companies now fire people at the end of the quarter? If thats the case, why did the retarded "economists" not know this and forecast it.  What a load of BuLlShit.

Thu, 04/14/2011 - 08:51 | 1168317 John Law Lives
John Law Lives's picture

It makes one wonder why the BLS should add any such comments to the data.  Shouldn't they simply report the data and let if go at that?  It seems obvious someone sent them a memo to put a positive spin on anything they report.

Thu, 04/14/2011 - 09:03 | 1168350 Confucious 222
Confucious 222's picture

Makes one wonder why the BLShit Bureau shouldn't be stuffed into the cracks at Fukushima to help revise the previous week's emissions.

Thu, 04/14/2011 - 09:22 | 1168409 WonderDawg
WonderDawg's picture

That's awesome.

Thu, 04/14/2011 - 10:41 | 1168654 smithcreek
smithcreek's picture

The reason doesn't matter, they just need to throw out one of these crappy numbers now and then so they can get back to the usual ways of describing the unemployment numbers:

  •  (this week and the next 4 weeks) the unemployment numbers have fallen x-1 of the last x weeks
  •  (after 4 weeks) the unemployment numbers have fallen x weeks in a row
  •  add in the always useful (when it goes in the right direction) 4 week average and you have data for every outcome
Thu, 04/14/2011 - 08:42 | 1168288 Global Hunter
Global Hunter's picture

this is one of those moments where I turn on CNBC for sport.

Thu, 04/14/2011 - 08:47 | 1168297 oogs66
oogs66's picture

I did the same thing :D  it was entertaining to watch liesman only talk about CPI and how food prices went down! 

Thu, 04/14/2011 - 08:51 | 1168322 Josh Randall
Josh Randall's picture

As long as the Truck Stop buffet stays the same price, Liesman thinks the economy is doing well

Thu, 04/14/2011 - 08:42 | 1168289 billwilson
billwilson's picture

Impact of Japan earthquake on US production?

Thu, 04/14/2011 - 08:49 | 1168304 I am Jobe
I am Jobe's picture

Bad weather in the East Coast was also the reason.

Thu, 04/14/2011 - 09:01 | 1168349 SheepDog-One
SheepDog-One's picture

No billwilson I think US production of #1 product, 'bullshit' is increasing.

Thu, 04/14/2011 - 12:22 | 1169100 Campagnolo
Campagnolo's picture

or maybe Peru elections?....or Chavez talking some bullshit?, what a joke

Thu, 04/14/2011 - 08:43 | 1168290 The Axe
The Axe's picture

I love this data!!!   I decrease in the FOOD component??   You kidding me?  right..Do they only collect data at Taco Bell...

Thu, 04/14/2011 - 08:50 | 1168308 MarketTruth
MarketTruth's picture

From one of the USA's LARGEST FOOD DISTRIBUTORS serving many chains and others, food prices have once again been increased from 4% to over 10% depending on product last week at wholesale level. Of course this is an APRIL number.

Thu, 04/14/2011 - 08:46 | 1168293 tip e. canoe
tip e. canoe's picture

quick Timmay pull that 3rd thumb out your ass and stick it in the dyke toots sweet, cuz she's gonna blow!

Thu, 04/14/2011 - 08:46 | 1168295 Saxxon
Saxxon's picture

Fed reporting seems to be engineered to induce short-covering bouts.

I knew we were in trouble when the WH Chief of Staff said something about not letting a good crisis go to waste.

Thu, 04/14/2011 - 08:45 | 1168298 mpok8
mpok8's picture

i don't really understand the above article. Are you basically saying that bad figures (i.e. bad for the economy) are being slipped in by the back door? And this is done by revising the previously issued figures which people pay less attention to?

Thu, 04/14/2011 - 09:46 | 1168490 MachoMan
MachoMan's picture

Welcome to the party

Thu, 04/14/2011 - 09:46 | 1168493 hedgeless_horseman
hedgeless_horseman's picture

Sounds like you need to start here:

Thu, 04/14/2011 - 08:48 | 1168300 I am Jobe
I am Jobe's picture

BTFD, America keeps exporting jobs and then saying the tax receipts has dropped. The truth is coming out and it s looking uglier everyday. Created or saved jobs is a crock of shitz. More pain to come and more layoffs. Get ready for a ugly decade.Meanwhile we need more fucking programmers and crap which is of no value.

Thu, 04/14/2011 - 09:06 | 1168365 LawsofPhysics
LawsofPhysics's picture

Don't forget all the bankers and financial "experts".  Talk about useless crap.

Thu, 04/14/2011 - 08:49 | 1168314 oogs66
oogs66's picture

Translation - We tried really hard to seasonally adjust our way out of this number, and just couldn't so yeah, its quarter end related, yeah, that's it.  Nothing to do with tax cuts failing, QE2 causing inflation without growth, etc....nope, just higher than normal quarter end volatility.  

Thu, 04/14/2011 - 09:28 | 1168436 WonderDawg
WonderDawg's picture

Let's not forget the uncertainty in the cost of hiring someone thanks to Obamacare and the indecipherable tax code. All the while Hopey the Clown talks about cutting $4 trillion over 12 years, just like he was going to cut the deficit in half by the end of his first term. And $4 trillion over 12 years won't do shit, even if he did somehow manage to make it happen.

We're so beyond Fucked we can't even find it on a map.

Thu, 04/14/2011 - 09:49 | 1168500 taraxias
taraxias's picture

Remind me again, what did he say about increasing exports? LOL

Thu, 04/14/2011 - 11:27 | 1168867 Alea Iacta Est
Alea Iacta Est's picture

hmmm...and what, pray tell, do we export?

Thu, 04/14/2011 - 13:18 | 1169321 Printfaster
Printfaster's picture

Guns?  Butter?  Vaseline?  Jobs?  Pollution?  Dollars?  Treasury debt?

Thu, 04/14/2011 - 08:53 | 1168320 Global Hunter
Global Hunter's picture

BLS we don't just provide data we provide spin.

Thu, 04/14/2011 - 08:55 | 1168332 oogs66
oogs66's picture

they should just drop the L in BLS

Thu, 04/14/2011 - 10:57 | 1168721 Problem Is
Problem Is's picture

Where's My Fuckup Job at BLS??
Where can I get a statisticians job fucking up so constantly that my work has to be revised every week and not only not get fired...

but make $100k+ a year with full benefits, retire at 55 on 80% of my salary with gold plated government medical insurance??

Thu, 04/14/2011 - 08:58 | 1168347 SheepDog-One
SheepDog-One's picture

'Reflects quarter end' so they admit they lie? Or are they asserting unemployment always goes up at 'quarter end'. Theres really a lot of people that need a good neck stretching.

Thu, 04/14/2011 - 11:04 | 1168775 TexasAggie
TexasAggie's picture

so, should I short rope?

Thu, 04/14/2011 - 08:47 | 1168303 DavidJ
DavidJ's picture

One Word:  Oil! 

Thu, 04/14/2011 - 08:48 | 1168312 I am Jobe
I am Jobe's picture

Oil has not bearing on the Economoy and so is infaltion. Janet Yellen. yeap, I could not get inot Harvard. Damn, I guess i should have lied on my application to  get into Harvard.

Thu, 04/14/2011 - 09:37 | 1168462 youngman
youngman's picture

You don´t have to just have to be able to pay for it....

Thu, 04/14/2011 - 08:49 | 1168306 John Law Lives
John Law Lives's picture

This is a recovery?

Thu, 04/14/2011 - 09:21 | 1168413 Hedge Jobs
Hedge Jobs's picture

yep, the "jobless recovery" is back. who wants to take bets on when QE3 starts? I month, 2 months or straight after QE2 ending? 

Thu, 04/14/2011 - 08:50 | 1168307 GolfHatesMe
GolfHatesMe's picture

Snowing in the NorthEast at the end of March

Thu, 04/14/2011 - 08:50 | 1168309 youngman
youngman's picture

If I looked at Obama´s 12 year budget he announced yesterday...I would be looking to move my companies elsewhere....I did...I am in Colombia

Thu, 04/14/2011 - 09:46 | 1168492 topcallingtroll
topcallingtroll's picture

Good move!

The chics r hot down there and it is a real status symbol to have a.caucasian usa boyfriend.

Thu, 04/14/2011 - 10:35 | 1168646 Blano
Blano's picture

Oh hey thanks for the info!!  : )

Thu, 04/14/2011 - 08:50 | 1168310 Global Hunter
Global Hunter's picture

gold up a buck, silver a half buck, index futures down.  Rockin.

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