Nine States Did Not File Initial Claims Data Due To Labor Day, Hundreds Of Thousands Of Estimates In Data "Beat"

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Thu, 09/09/2010 - 09:19 | 571517 SpeakerFTD
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Welcome to Potemkin Village, USA!

Thu, 09/09/2010 - 09:36 | 571587 French Frog
French Frog's picture

what is happening to america?

Thu, 09/09/2010 - 15:44 | 572646 goldfish1
goldfish1's picture

what is happening to america?

The fukktard globalists are implementing their program to take over the world. America was a big nut to crack, but by jove, they've done it.

Thu, 09/09/2010 - 18:49 | 573045 Rainman
Rainman's picture

HAHA......CA numbers alone would blow up the data.

This is just another reason to love ZH......always suspicious of numbers generated by the regime.....and usually right on target. Kudos.

Thu, 09/09/2010 - 09:42 | 571603 NoBull1994
NoBull1994's picture

I'm sure this will be thoroughly covered on CNBC.

Thu, 09/09/2010 - 09:50 | 571625 williambanzai7
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Covered

Thu, 09/09/2010 - 10:21 | 571729 bigkahuna
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Drudge Report has linked this article...

Thu, 09/09/2010 - 11:36 | 571887 spekulatn
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Servers being tested. Drudge traffic bitchez.

Thu, 09/09/2010 - 12:24 | 571994 redpill
redpill's picture

Damnit ZH is gonna be slow all day now

Thu, 09/09/2010 - 11:58 | 571920 Dirtt
Dirtt's picture

What a trip.  Opened DR and ZH in their own windows and there was ZH in the DR tab.

Mark this day down in the history books.  Convergence of the Godfather of New Financial Media and THE GODFATHER of New Media.

Looks like the DOJ finally has a RICO investigation that meets their criteria.

Thu, 09/09/2010 - 09:19 | 571519 GIANTKILR
GIANTKILR's picture

Drop the "L" in BLS!

Thu, 09/09/2010 - 09:32 | 571571 smartknowledgeu
smartknowledgeu's picture

actually we should keep the "L" as long as people understand that the "L" stands for Lies...

Thu, 09/09/2010 - 09:44 | 571610 VFR
VFR's picture

Statistics are like bikinis.  What they reveal is suggestive, but what they conceal is vital.  ~Aaron Levenstein

Thu, 09/09/2010 - 09:53 | 571631 iota
iota's picture

Quote of the day!

Thu, 09/09/2010 - 23:18 | 573372 Arkadaba
Arkadaba's picture

+1000 I love it!

Thu, 09/09/2010 - 09:57 | 571642 Running on Empty
Running on Empty's picture

BLS Bullshit Lies and Stories .

Thu, 09/09/2010 - 09:19 | 571521 bigdumbnugly
bigdumbnugly's picture

so... business as usual then.

Thu, 09/09/2010 - 09:23 | 571532 bigdumbnugly
bigdumbnugly's picture

btw, is it ok with everyone if i likewise estimate my data to the irs this april?  it'll all be on the up and up.   i promise.

Thu, 09/09/2010 - 09:20 | 571524 themosmitsos
themosmitsos's picture

NEW level of hypocricy!

Just

WOW!

Thu, 09/09/2010 - 09:20 | 571525 Spalding_Smailes
Spalding_Smailes's picture

Don't fight the fed ...

Thu, 09/09/2010 - 09:20 | 571526 Cookie
Cookie's picture

Astounding

Thu, 09/09/2010 - 09:20 | 571527 Sudden Debt
Sudden Debt's picture

HAHAHA, no filling mean they have 0 extra claims :)

I love it when the system works :)

Thu, 09/09/2010 - 09:21 | 571528 NOTW777
NOTW777's picture

lying begets lying

Thu, 09/09/2010 - 09:24 | 571529 Cognitive Dissonance
Cognitive Dissonance's picture

Well, if you're going to estimate, it's better to error on the "conservative" side, right? Where's Rod Serling when we really need him?

http://en.wikipedia.org/wiki/Rod_Serling

Cue the music.

http://www.youtube.com/watch?v=NzlG28B-R8Y

http://en.wikipedia.org/wiki/The_Twilight_Zone_(1959_TV_series)

Thu, 09/09/2010 - 10:30 | 571747 Number 156
Number 156's picture

Fake, manufactured Data, right on cue. They couldnt skew anything here too far, because the ADP reports will contrast too much. Could it be that its so much worse than we know?

"There is a fifth dimension beyond that which is known to man. It is a dimension as vast as space and timeless as infinity. It is the middle ground between light and shadow, between science and superstition, and it lies between the pit of man's fears and the summit of his knowledge. This is the dimension of imagination. It is an area we call the Twilight Zone."
Thu, 09/09/2010 - 09:21 | 571534 jc125d
jc125d's picture

Oh. 41 states worse than expected, and the missing 9 boom to the upside. My bullshit detector lock limit up. WTF, those DOL economists are so smart, must have PhD's.

Thu, 09/09/2010 - 09:22 | 571535 firstdivision
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So Uncle Ben convinced them to not file and claim it was due to holiday to goose the numbers?  Not surprising, I would even venture a guess that they said CA added jobs and did not lose one single job.

Thu, 09/09/2010 - 09:22 | 571536 Racer
Racer's picture

What a complete and utter scam this market is, anyone who trades/invests in this CON wants their head examined!

Thu, 09/09/2010 - 09:23 | 571540 Ragnarok
Ragnarok's picture

New policy: Shoot the messenger before he opens his mouth.  Problem solved.

Thu, 09/09/2010 - 09:23 | 571541 yabs
yabs's picture

please someone unplug me

I have had enough of the matrix

Thu, 09/09/2010 - 09:23 | 571542 CashCowEquity
CashCowEquity's picture

the US govt has gone Full Retard

Thu, 09/09/2010 - 11:00 | 571807 Slewburger
Slewburger's picture

Everybody knows you never go full retard.

Thu, 09/09/2010 - 09:24 | 571544 Gimp
Gimp's picture

Who believes these numbers anyway. I know three people who were laid-off from jobs in the past week.

Thu, 09/09/2010 - 09:24 | 571547 alexwest
alexwest's picture

distortions ,,yep was right in prev comment..

alex

Thu, 09/09/2010 - 09:24 | 571548 yabs
yabs's picture

stocks surge on made up better than expected results

unbelievable

i thought when confidsence is lost the market goes down

how can anyone trust these figures

Thu, 09/09/2010 - 09:28 | 571557 Racer
Racer's picture

Dot com springs to mind!

Thu, 09/09/2010 - 10:03 | 571636 TheGreatPonzi
TheGreatPonzi's picture

Don't underestimate the perversity and dishonesty of the US gov.

I'm quite sure Banana Ben makes up "better-than-expected" stats, and then buys himself the stocks via hidden QE to push the market up.

Why not? FED is never audited.

Thu, 09/09/2010 - 09:26 | 571549 EscapeKey
EscapeKey's picture

From the perspective of the BLS, 9 states not reporting in time WAS better than expected!

Thu, 09/09/2010 - 09:27 | 571551 papaswamp
papaswamp's picture

Wrong link Tyler...you are linking to the trade deficit...employment article is:

http://www.bloomberg.com/news/2010-09-09/jobless-claims-in-u-s-decreased...

Thu, 09/09/2010 - 09:27 | 571553 SheepDog-One
SheepDog-One's picture

This has gone full-on retard mode....now theyre just 'not tellin'? 

Thu, 09/09/2010 - 09:28 | 571556 JimboJammer
JimboJammer's picture

Washington  D. C.  is  out  of  control..  back  in  1962  J F K  was  the

President...  Things  were  good ,  much  more  Honest..   Now  we 

have  a  Bananna  Republic ..   Ross  Perot  said ;   NAFTA  will  ship

too  many  jobs  out  of  the  USA ...  he  was  right...

check  out  Ross  Perot   on  >>  youtube.

Thu, 09/09/2010 - 09:28 | 571559 alien-IQ
alien-IQ's picture

the hilarity never ends. this should make for quite and interesting 'revision" next week...stay tuned.

Thu, 09/09/2010 - 13:58 | 572242 NotApplicable
NotApplicable's picture

Yes, but now everyone will be expecting a big revision, so when it happens they will report that it "meets expectations" so everything will be ok. TADA!

Thu, 09/09/2010 - 09:33 | 571560 lizzy36
lizzy36's picture

Ironically California was one of two states with a decrease (californaia the largest) of more than 1000 initial claims.

Goebbelsesque

State

Change

 

State Supplied Comment

CA

-4,127

 

Fewer layoffs in the service industry.

.

Thu, 09/09/2010 - 09:36 | 571586 firstdivision
firstdivision's picture

How did CA not report but were able to comment on a number?

Thu, 09/09/2010 - 09:42 | 571602 lizzy36
lizzy36's picture

Oh CA reported, they just made the report up.  Same as the comment - made up.

One looks at the employment component of the Non Manufacturing ISM (sub 50) and thinks "fewer layoffs in the services sector" was indeed made up by a California public employee with a sense of humor (and probably subject to being furloughed without pay)

Thu, 09/09/2010 - 10:01 | 571651 jomama
jomama's picture

maybe they heard that one about 92% of statistics are made up on the spot, and thought they would lighten the abysmal reality with some ad hoc humor?

Thu, 09/09/2010 - 11:11 | 571832 Sancho Ponzi
Sancho Ponzi's picture

There will be a propaganda blitzkrieg until the Nov elections. Bad news will be buried, stats will be cooked, and Keynesians will appear everywhere, spewing their drivel. Did anyone else notice the +$2 bln inflow into SPY on Tuesday, suspiciously coinciding with the $33 bln sale of 3 year notes?

Thu, 09/09/2010 - 17:55 | 572949 Quantum Nucleonics
Quantum Nucleonics's picture

The state specific data that they actually publish is for the prior week.  I don't think they break out the estimate for the current week number.

Thu, 09/09/2010 - 11:16 | 571848 nopat
nopat's picture

Thank god you're here to be lizzy-on-the-spot with the data, I was growing frustrated at the amplitude and frequency of Matrix quotes and calls for "this is bullshit".  Not that it isn't, just don't call it that without making at leas the effort to look at the data.

Of the 9 states that estimated their claims, only Hawaii showed an increase +235, with the net change of the group being (-7,821) and CA/IL leading that pack with (-4,127) and (-2,114), respectively.  The latest trade data showed some strong export data in industries that are located in these states, perhaps related to the financing arms of these operations?  Don't know.  You do see federal extended benefits jump +64k.

At some point you have to see the rate decrease.  That's not necessarily a good thing, because at some point you're going to run out of labor to lay off.  The thing that worries me is people are relying on statistics based on prior historical.  Not saying "this time is different", but, it's been a very long time since we've seen such a fracture and dramatic shift in all markets.  Like [fill in the blank], our models don't go back that far.

Well, not worry.  You know me, I'm short as fuck in this game, and have the ability to be patient.

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