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

Tyler Durden's picture




 

The BLS has announced that as a result of the Labor Day weekend, 9 states (among which the biggest one California) did not report initial claims data to the bean counters, so instead the government had to "estimate" what the data would have been: yep, estimate, what the data was in these nine states. From Bloomberg: "For the latest reporting week, nine states didn’t file claims data to the Labor Department in Washington because of the Labor Day holiday earlier this week, a department official told reporters. California and Virginia estimated their figures and the U.S. government estimated the other seven." Official data is now made up on the fly. This US economic data reporting has just entered the twilight zone. Also, when the data is officially made up, it is not that difficult to get data that is "better than expected." The full list of states is: DC, Illinois, Idaho, Hawaii, Oklahoma, Michigan, and Washington. California and Virginia estimated themselves.

 

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Thu, 09/09/2010 - 09:19 | 571517 SpeakerFTD
SpeakerFTD's picture

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
williambanzai7's picture

Covered

Thu, 09/09/2010 - 10:21 | 571729 bigkahuna
bigkahuna's picture

Drudge Report has linked this article...

Thu, 09/09/2010 - 11:36 | 571887 spekulatn
spekulatn's picture

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
firstdivision's picture

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.

Thu, 09/09/2010 - 12:14 | 571969 VWbug
VWbug's picture

thanks nopat, nice to get some actual info in the remarks instead of the usual emotional bs.

i am rebuilding my short here too...will wait and see if there is any follow through tomorrow before getting too aggressive

Thu, 09/09/2010 - 12:20 | 571985 oklaboy
oklaboy's picture

Cali is alos a week behind

Thu, 09/09/2010 - 09:29 | 571561 bada boom
bada boom's picture

Question answered.

Thu, 09/09/2010 - 09:28 | 571562 Winterland
Winterland's picture

Wouldn't this occur every year?

Thu, 09/09/2010 - 09:38 | 571584 old_turk
old_turk's picture

No.

But good question, the implication is that the states are not getting the numbers in because the states are in a hiring freeze or laying off folks themselves.

41 got them in, 9 did not, 'nuff said.

BTW, the initial claims are estimates from the states.  Really should look at the 4 week average anyway because of all the hedonics (noise) in the weekly number.

Just need to remember that this is an algo driven, front-running mirage and move on.

And just so you know, the revision next week will put the number at 484k so the current week of 475k will look like a beat ... stoopid ADHD headline reading algos.

Thu, 09/09/2010 - 09:32 | 571569 yabs
yabs's picture

even computers acn't be this dumb to buy into this surely

Thu, 09/09/2010 - 09:34 | 571578 Gully Foyle
Gully Foyle's picture

http://www.businessinsider.com/world-economic-forum-property-rights-inde...

You Know The US Is Screwed, When China, Gambia, And Jordan Have Better Property Rights
Take property rights. They're at the essence of US capitalism. Last year, according to the WEF's survey of executives, the US was the 30th best country. This year we've fallen to 40th.

Thu, 09/09/2010 - 09:34 | 571579 williambanzai7
williambanzai7's picture

Justice is not lost, Rubin and Prince are off the hook at Citi...

Thu, 09/09/2010 - 09:35 | 571580 Bigger Dickus
Bigger Dickus's picture

Get Erin Burnett to show those bazongas on CNBC now! That is all the stimulus we need.

Thu, 09/09/2010 - 09:54 | 571635 SheepDog-One
SheepDog-One's picture

'Erins bazongas'? Hell she's a stuffed A cup!

Thu, 09/09/2010 - 10:02 | 571656 Bigger Dickus
Bigger Dickus's picture

You are right. But then again, they are just the right size to fit in my mouth.

I would pour bourbon all over her and lick her clean. Hell, I would even watch CNBC if that came true.

Thu, 09/09/2010 - 10:44 | 571694 hedgeless_horseman
hedgeless_horseman's picture

I would pour bourbon all over her and lick her clean.

You could try, but I would advise you to stop wasting bourbon; Erin Burnett will NEVER be clean. 

Thu, 09/09/2010 - 10:49 | 571717 Paper CRUSHer
Paper CRUSHer's picture

Hey,pipe down in there,pipe down,less excitement.

Here,60's bombshell Mrs Undress....i mean Mrs Andress.

http://www.toptenz.net/wp-content/uploads/2010/07/Ursula-Andress.jpg

....hope ya still got some of that liquor left....i mean lick her.

 

Thu, 09/09/2010 - 11:19 | 571852 Bigger Dickus
Bigger Dickus's picture

At last, someone with good taste. I used to have wet dreams about Ursula.

No, mom, those are tea stains on my jammies.

Thu, 09/09/2010 - 09:35 | 571582 septicshock
septicshock's picture

Screwing my puts again!!!  Why doesn't CNBC report this bit...  Paid off commy bastards.

Thu, 09/09/2010 - 09:38 | 571591 firstdivision
firstdivision's picture

Perfect time to buy more OTM puts for Jan :)

Thu, 09/09/2010 - 09:35 | 571583 yabs
yabs's picture

I bet next month when all data does come in at around 500 thousand then this months will get revised from the missing 9

to plus 500 and next month will thus be better than this and the markest rally  again

Thu, 09/09/2010 - 09:36 | 571585 Charley
Charley's picture

I weep for the future...

Thu, 09/09/2010 - 09:39 | 571594 Bankster T Cubed
Bankster T Cubed's picture

and these assholes yammer on about how they need to instill confidence...UFB

the following no longer have any credibility whatsoever:

the Fed

the SEC

the markets themselves as free and fair exchanges

gov't statistics

the list goes on, but once those 4 have failed, and they have, THERE IS NOTHING LEFT TO BELIEVE IN

Thu, 09/09/2010 - 09:43 | 571605 spartan117
spartan117's picture

Gold.

Thu, 09/09/2010 - 09:39 | 571595 ReallySparky
ReallySparky's picture

I have 3 women in my office whose husbands are unemployed. Two of them just came off state benefits a couple of weeks ago, and both of their husbands have been unable to get though the call center to register for extended federal benefits.  At first I thought, no this can't be right.  But there are stories now showing up in several Missouri newspapers, Kansas City, Springfield, Saint Louis, (these are the largest cities in Missouri), reporting on the back log and complaints from citizens.  Supposedly MO hired over 100 people, to handle the 10,000 per week that are coming off benefits here.  This drama has been going on in our office for over three weeks.  The third woman is scared to death that they won't make it when her husband comes off in another week.  Both of the other women report that their husbands have been told that extended benefits won't kick in for 4 to 5 weeks.  They all just assumed it would be seemless and effortless.

Thu, 09/09/2010 - 10:19 | 571721 espirit
espirit's picture

File the claim online for Em. beni's even if they had previous registration.  Checks come in the mail first then to direct deposit.

Forget the phone call.

Bought two rolls of silvah dollahs with mine.

Thu, 09/09/2010 - 11:19 | 571853 ReallySparky
ReallySparky's picture

Supposedly Missouri is not set up to do that.  According to the rumors, you have to register on line, then place a phone call to the call center to verify your information.  Evidently when you place your call the unemployed go though the prompts, then when they reach the "wait for an agent" part, the phone system advises that all reps are busy then says call back and disconnects the caller.  One of the gals here, on an afternoon off, stated that she and her husband both called for over 4 hours on both their cell phones and could not get though.

Thu, 09/09/2010 - 11:46 | 571903 Thomas Crown
Thomas Crown's picture

pretty much the essence of everything that is wrong with government these days.

Thu, 09/09/2010 - 09:42 | 571604 ziggy59
ziggy59's picture

BLS is one letter too long..

Thu, 09/09/2010 - 09:42 | 571606 A Man without Q...
A Man without Qualities's picture

It goes without saying that the previous week's numbers were revised up (and would have been worse than estimates.)

At this rate, things won't end with a whimper, but with the mother of all bangs..

Thu, 09/09/2010 - 09:43 | 571607 jbc77
jbc77's picture

What the fuck?!!?!?!?

How the hell can the numbers even be issued then???

Now we've seen it all boys.

 

 

Thu, 09/09/2010 - 09:43 | 571608 SheepDog-One
SheepDog-One's picture

Well enjoy this show of insanity now because it wont last long and will never happen again. Take pictures and save articles to show your grandkids in your new cave dwelling!

Thu, 09/09/2010 - 09:44 | 571611 jbc77
jbc77's picture

This is out-fucking-rageous.

Thu, 09/09/2010 - 09:44 | 571612 aurum
aurum's picture

TD---can you go back through the years to see if this has ever occured in the past?

Thu, 09/09/2010 - 09:48 | 571621 williambanzai7
williambanzai7's picture

I am sure he is busy with this as you read this ;-)

Thu, 09/09/2010 - 09:46 | 571615 tmftdoyle
tmftdoyle's picture

did anyone notice that 4am bid from nowhere in the futures? looks like same as last week data was leaked tto get futures within striking distance of "important" technical level on release of data. getting very old.

Thu, 09/09/2010 - 10:10 | 571680 Cognitive Dissonance
Cognitive Dissonance's picture

I woke very early this morning, around 4:30 EDT, and immediately checked out the futures. All I could do was smirk at the lift from heaven. It's becoming very obvious that "the hand" is in play.

Thu, 09/09/2010 - 11:09 | 571830 aerojet
aerojet's picture

The 1min. chart is just so fucking robotic now, especially after hours.  NOBODY is trading except the infernal machines.

Thu, 09/09/2010 - 11:30 | 571865 DaveyJones
DaveyJones's picture

As Jackson Browne once noted, "the hand" almost always serves itself, and often in the wee morning hours  

Thu, 09/09/2010 - 14:42 | 572421 Cognitive Dissonance
Cognitive Dissonance's picture

LOL

You're so "on" today, hitting one great one-liner after another. :>)

Thu, 09/09/2010 - 09:46 | 571616 George Costanza
George Costanza's picture

Much of the economic system is now based on Accounting Fraud. That will only be exposed when cash runs out, when payments cannot be made. Cash is the ultimate measure of ability to pay.

Thu, 09/09/2010 - 10:08 | 571671 hedgeless_horseman
hedgeless_horseman's picture

Cash will not run out.  Ben has the printer.

Thu, 09/09/2010 - 10:12 | 571687 Cognitive Dissonance
Cognitive Dissonance's picture

Cash is now electronic ones and zeros and has no relationship to any reality we think is "real". Surprisingly this can go on far longer than you and I will admit because most people would rather embrace the devil they know than go where no one in their life time has ever gone.

Thu, 09/09/2010 - 11:18 | 571851 Hang The Fed
Hang The Fed's picture

I remember reading that about 90% of the monetary system only exists in data banks.  Screw the devil we know...I'm tired of this.

Thu, 09/09/2010 - 14:44 | 572432 Cognitive Dissonance
Cognitive Dissonance's picture

Of all the US Dollar "money" out there, only about 3% is cash "which is just as good as money".

Thu, 09/09/2010 - 17:07 | 572866 Hang The Fed
Hang The Fed's picture

Well, then that only means that 97% of my toilet paper is gone.  I never thought that I would see the day that the Fed managed to ruin even my morning deuce, but there you have it.

Thu, 09/09/2010 - 11:36 | 571884 DaveyJones
DaveyJones's picture

FOFOAs latest piece is interesting. Cash is always the response to hyperinflation and can always be printed because the printers have every motivation to keep the scam alive. It only ends not when they stop but when those at the other end of the bargain, holding gold and other assets stop making the trade. 

Thu, 09/09/2010 - 11:00 | 571805 tmosley
tmosley's picture

Goods, not cash.  The ability to produce goods is the ultimate measure of ability to pay.  Everything else is just hot checks on an overdrawn account.

Thu, 09/09/2010 - 09:47 | 571619 Clotpoll
Clotpoll's picture

Please wake me when it's time to start shooting gubmint parasites.

Thu, 09/09/2010 - 11:02 | 571811 tmosley
tmosley's picture

Wake up.  It's that time.

Of course, that is not to say that you'll get away with it.

Thu, 09/09/2010 - 09:49 | 571622 yabs
yabs's picture

george

yep thats right

thats why we can fight back with demanding our gold and cash

Thu, 09/09/2010 - 09:51 | 571626 John McCloy
John McCloy's picture

Well folks we all know how bad the situation is out there both domestically and globally. We see it with our family and we see it with our friends. The masters of the universe live in another realm and truly bellieve this is sustainable. Even the 450k number if not forged is bad in plain words.
They cannot outrun the Americans who are falling off benefits and are not spending in increasing numbers. It is showing up in the data ad winter is around the corner leading to more construction job cuts.
The 18th straight outflow tells us a few things:
1) People are taking money out to pay bills
2) People are taking money out because they see the false market and will not be lured back into what was proven to be a ponzi
3) The Federal Reserve is buying stocks. It is clear it is incontovertible and they are placing trillions of Americans money at risk after seeing unprecedented actions from stimulus to ZIRP for like and fake accounting barely gets an econ uptick.

The stock market has been rallying for a year and a half. Since we know th crises have been coming in small intervals and are more intense and more expensive to kick down the road I would say we are about due for the next one. How someone like Ben and the Econ team can operate with such carelessness without any responsibilty or body of law to keep him in check frightening.

Thu, 09/09/2010 - 10:01 | 571654 TheGreatPonzi
TheGreatPonzi's picture

I agree. The situation is far worse than they would admit. I believe they are currently in panic mode, buying stocks behind curtains, doing everything they can (including sabotaging the US on the long term) to buy a few weeks of tranquility.

Thu, 09/09/2010 - 10:18 | 571627 John McCloy
John McCloy's picture

Double post

Thu, 09/09/2010 - 09:54 | 571633 chunkylover42
chunkylover42's picture

lol.  it would be funny if it wasn't so sad.

Thu, 09/09/2010 - 09:54 | 571634 metastar
metastar's picture

Does anybody know if the 9 states have enough budget available to file the reports?

Thu, 09/09/2010 - 09:55 | 571637 taraxias
taraxias's picture

I'm surprised that THIS surprises people.

The numbers have been all BOGUS for ever and a day, why are you surprised now?

Reality is what your corrupt Government decides it is. The sooner people wake up to that, the sooner we can take steps to correct it. And voting incumbents out of office every fours years IS NOT THE WAY. You have the right to bare arms damn it!!!!

Thu, 09/09/2010 - 09:56 | 571641 SpeakerFTD
SpeakerFTD's picture

Taraxias, based on that beard, I don't think I want to see your arms.

Thu, 09/09/2010 - 09:55 | 571638 Tango Lima
Tango Lima's picture

Illinois, Michigan, Virginia, and California are all HUGE states... any idea what proportion of the total jobless claims number they represent?

Thu, 09/09/2010 - 09:56 | 571639 liberal sodomy
liberal sodomy's picture

This must be what television and newspapers were like just prior to the collapse of the soviet union.

Thu, 09/09/2010 - 09:56 | 571640 jbc77
jbc77's picture

The estimators is a who's who list of losers. Michigan, Cali....what the fuck is going on with this government. Things are just getting so far out of control. Everything is a fraud man. How is this not going to end in tears.

Thu, 09/09/2010 - 09:57 | 571644 yabs
yabs's picture

Nothing surprises me anymore

I remember a Jon Carpenter film called They Live where we are actually ruled

by aliens disguised as Humans

I would not be surprised if that is true

whoever is behind the garden gnome is NOT HUMAN

people on CNBC cannot be human

Thu, 09/09/2010 - 09:59 | 571650 Winterland
Winterland's picture

Great movie, starring Roddy Piper

Thu, 09/09/2010 - 10:03 | 571658 Almost Solvent
Almost Solvent's picture

Those special glasses needed to "see" the aliens were 80s awesome!

Thu, 09/09/2010 - 10:09 | 571675 Village Idiot
Village Idiot's picture

I have often thought of that movie when reading ZH. ZH readers must have the sunglasses...watch the movie, it's a sleeper/classic.

Thu, 09/09/2010 - 10:22 | 571731 doomandbloom
doomandbloom's picture

i call that movie a 'poor mans Matrix'...excellent concept...execution could have been slicker..

Thu, 09/09/2010 - 13:43 | 572200 Buckaroo Banzai
Buckaroo Banzai's picture

but if it had been slicker, it wouldn't have been so deliciously cheesy.

It featured one of the best cinema fistfights ever, too: http://www.youtube.com/watch?v=EsZpdUUdd3I

Thu, 09/09/2010 - 12:24 | 571997 minus dog
minus dog's picture

... I'm here to chew bubblegum and kick ass....  and I'm all out of bubblegum. 

http://www.youtube.com/watch?v=NimgvwDO2CI

Thu, 09/09/2010 - 10:12 | 571686 ATTILA THE WIMP
ATTILA THE WIMP's picture

Actually, some outer space aliens did land on Earth. They took a quick look around, said, "This place sucks!" and blasted off a warp speed vowing never to return.

Thu, 09/09/2010 - 09:57 | 571645 economessed
economessed's picture

This report has me bullish on liquor and ammunition!  Then again, nearly anything the government reports gooses me to buy liquor and ammunition.

Thu, 09/09/2010 - 10:02 | 571655 gigeze787
gigeze787's picture

Santelli really hyped the jobs number on CNBS this am...it was quite disappointing. Maybe he finally took the Blue Pill...

http://www.imdb.com/title/tt0133093/quotes

"...The Matrix is a system, Neo. That system is our enemy. But when you're inside, you look around, what do you see? Businessmen, teachers, lawyers, carpenters. The very minds of the people we are trying to save. But until we do, these people are still a part of that system and that makes them our enemy. You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it...."
Thu, 09/09/2010 - 10:09 | 571674 trav7777
trav7777's picture

He was a liar.

The resistance was the enemy of man.  What did they promise other than starvation and the occasional freak dance mass mulatto orgy?

Thu, 09/09/2010 - 11:06 | 571820 tmosley
tmosley's picture

The second and third movies did not exist.  They were created by the Matrix to lessen the effects of the first movie.

At least, that's what I tell myself so I can still enjoy watching the first one.

Thu, 09/09/2010 - 19:25 | 573110 unununium
unununium's picture

That's what I tell myself about Star Wars episodes 1-3.

Thu, 09/09/2010 - 10:03 | 571659 crzyhun
crzyhun's picture

FUBAR again, when will we learn?

Thu, 09/09/2010 - 10:04 | 571661 Skeebo
Skeebo's picture

How the hell is this constant revision of past numbers not being reported somewhere, anywhere except here?

This has now gotten to the point of horrendously blatant, every data point originally comes out just better than the rosiest expectations only to be revised as soon as no one is looking to something that was worse than expectations...

Thu, 09/09/2010 - 10:04 | 571662 daneskold
daneskold's picture

That the employment numbers are baked is no surprise.

That money runners the world over accept the baked number hook, line, and sinker for their decision making is a surprise.

What's the proper term for making decisions based on bad assumptions?!

Thu, 09/09/2010 - 12:04 | 571938 Sancho Ponzi
Sancho Ponzi's picture

I believe 'conjecture' is the word you're looking for.

Thu, 09/09/2010 - 10:05 | 571664 Ras Bongo
Ras Bongo's picture

That explains it.

 

Thu, 09/09/2010 - 10:05 | 571665 che
che's picture

The largest increases in initial claims for the week ending Aug. 28 were in New York (+4,891), Florida (+1,886), Nevada (+1,052), Oregon (+828), and Texas (+742), while the largest decreases were in California (-4,127), Illinois (-2,114), Iowa (-813), Michigan (-599), and Maryland (-550).

Thu, 09/09/2010 - 10:19 | 571720 Biggvs
Biggvs's picture

Thanks for those details. So it looks like of the five largest decreasing states you've listed, three were "estimates". And the two states that made their own estimates have turned in the very best figures (the largest decreases). Surprise, surprise! What a crock.

Thu, 09/09/2010 - 12:11 | 571955 DaveyJones
DaveyJones's picture

and notice the decreasing estimate states are actually the ones in the deepest economic pile. Did we think only the Feds would lie?  

Thu, 09/09/2010 - 12:32 | 572014 Biggvs
Biggvs's picture

Hell no. And correction to my previous comment: Illinois didn't estimate their own. It was Virginia... my mistake. Would be curious to know how much Virginia's number improved.

Thu, 09/09/2010 - 10:06 | 571666 putbuyer
putbuyer's picture

This ZH article is posted on Drudge

Thu, 09/09/2010 - 10:14 | 571703 Number 156
Number 156's picture

note to Zero Hedge:

BUY MORE SERVERS

that is all. thank you.

Thu, 09/09/2010 - 14:02 | 572257 Ned Zeppelin
Ned Zeppelin's picture

Hit "donate" button yet this year? I did.

Thu, 09/09/2010 - 11:15 | 571842 bugs_
bugs_'s picture

Hurray!  ZeroHedge recalcitrant females.

Thu, 09/09/2010 - 10:08 | 571669 the not so migh...
the not so mighty maximiza's picture

Obama says there are 57 states now we find out there are only 41 states.   I want a refund

Thu, 09/09/2010 - 10:11 | 571684 ziggy59
ziggy59's picture

no refunds, no change, just chains you can believe in..

Thu, 09/09/2010 - 11:16 | 571847 Hang The Fed
Hang The Fed's picture

Hahaha, you haven't heard?  We recently sold massive portions of the southwest to Mexico to cover our interest payments to China, so 41 might be an accurate count at this point.

Thu, 09/09/2010 - 12:14 | 571968 aerojet
aerojet's picture

What did Mexico pay with?  Credit?  Illegal immigrants?  Drugs?

Thu, 09/09/2010 - 17:08 | 572868 Hang The Fed
Hang The Fed's picture

Drugs and cheap labor.  America apparently doesn't function anymore without either.

Thu, 09/09/2010 - 10:09 | 571673 Racer
Racer's picture

They cooked the books to get the dow above the 200ma.

If they have to CON so blatantly to get the market above it, things much be absolutely horrendous.

 

Thu, 09/09/2010 - 11:00 | 571804 A_MacLaren
A_MacLaren's picture

CONfidence maintained.  Nothing else matters.  Just what Dr. eCON ordered.

Thu, 09/09/2010 - 10:10 | 571682 Mrmojorisin515
Mrmojorisin515's picture

congrats you made drudge.  Don't let it go to your head

Thu, 09/09/2010 - 10:30 | 571749 NumberNone
NumberNone's picture

Let the political polarization begin...

Thu, 09/09/2010 - 10:13 | 571698 King_of_simpletons
King_of_simpletons's picture

Hey we are printing money out of the air, creating wealth out of the arse, so what's a little estimation here and there for the fellows in wall street to run up the market for their hard earned bonuses.

Thu, 09/09/2010 - 10:14 | 571700 enobittep
enobittep's picture

The leadership of the US government - the White House, the Congress, the Judiciary along with and the bureaucratic infrastructure - are pretenders.  They got into these leadership positions through currying favor with the monied elite, not through a demonstrated capability to execute well.  These guys are deer in the headlights - they have NO IDEA what to do and that is why their behavior and actions are becoming more and more ludicrous by the day. 

May I point out, we have a clear leadership void across all society - this isn't limited to just the dorks in DC.  Limited character and capability in key leadership position is pervasive - it is concerning.

Thu, 09/09/2010 - 11:23 | 571858 aerojet
aerojet's picture

I'm glad you said that it is pervasive. Yesterday, I listened to a company VP tell a large audience that the US is coming out of the recession.  MBA types are all the same--they want to promote a positive message at all times.  They are unable to handle a negative message other than to puff it up like a slimy used car salesman does to his wares.  The puffery is the very thing that must stop.  Everyone from a certain level on up to the CEO of every corporation has this disease.  Smart, honest, and realistic people are selected out and diminished every time. 

Thu, 09/09/2010 - 10:16 | 571705 you enjoy myself
you enjoy myself's picture

from the DOL report:

"The largest increases in initial claims for the week ending Aug. 28 were in New York (+4,891), Florida (+1,886), Nevada (+1,052), Oregon (+828), and Texas (+742), while the largest decreases were in California (-4,127), Illinois (-2,114), Iowa (-813), Michigan (-599), and Maryland (-550)."

So California, Illinois, and Michigan (states that are economic basket cases) have numbers that are entirely made up yet comprise three of the states with the biggest decreases in claims.  Awesome. 

Thu, 09/09/2010 - 10:22 | 571730 williambanzai7
williambanzai7's picture

Take a look at all the rosy local job news coming out in the LA times this week.

 

Thu, 09/09/2010 - 10:26 | 571743 Bankster T Cubed
Bankster T Cubed's picture

why must this not be coincidence?  why must you disbelieve?

you must be a conspiracy theory freak !!!   LOL   ;)

Thu, 09/09/2010 - 11:14 | 571839 Hang The Fed
Hang The Fed's picture

Hahaha, what a fucking farce.  I wonder how long it will be before unemployment numbers are determined in the same manner as the Pick 6 numbers come up.

Thu, 09/09/2010 - 12:00 | 571921 Thomas Crown
Thomas Crown's picture

these are pretty much made up numbers.  if they were to post a list with the name of every persone unemployed there would be so many discrepancies it would be unreal.  just like voter registrations still have dead people and duplicate names.

 

i don't even want to think about the fraud in unemployment.

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