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Reality Storms Back As Initial Claims Explode Higher By 46K From Last Week's Upward Revised Aberration

Tyler Durden's picture




 

So much for last week's aberration initial claims print of 339K (revised higher of course to 342K). With expectations of an increase to 365K, the DOL just came out with a whopper of a miss, the largest in three months, at 388K, an increase of 46K in one week, which was also the highest print in three months. Remember: this number will be revised to 391K next week. So much for single print indicative of a recovery. As the chart below shows, the rate of change was a 13.45% from last week: the highest in five years! So far, there has been no explanation from the BLS or DOL for last week's outlier print. And no, last week's print was not due to  California, which the DOL reported just decreased by 4,979 in the week ended Oct 6, not the required 49K. What is however worse, is that it is becoming increasingly clear that nobody at the DOL knows what is actually going on following a statement by the Labor Dept that "it appeared that state-level administrative issues were distorting the data", and numbers are simply picked out of thin air. Finally, in truly amusing news, those on Extended Benefits have once again started to rise, after dropping to virtually 0 following expiration of state benefits. 

For the California conspiracy theorists:

Initial Claims:

Rate of Change:

Finally, courtesy of John Lohman, here is how long we have now gone without one single downward adjustment in the claims number:

 

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Thu, 10/18/2012 - 08:43 | 2900583 Cassandra Syndrome
Cassandra Syndrome's picture

So now they want Romney to win?

Thu, 10/18/2012 - 08:50 | 2900606 GetZeeGold
GetZeeGold's picture

 

 

His name is Rick MFing Santelli.

 

Be nice and he might let you kiss his ring Steve.

 

Thu, 10/18/2012 - 08:55 | 2900618 TruthInSunshine
TruthInSunshine's picture

Steve LIESman & Barry Shitholz are claiming this number is a conspiracy.

Paul Krugman has tweeted to his Jamestown followers to not lose the Hope & to hold on to their Change.

 

*This was a give-a-way number thrown out by the BLS to try and throw hound dog claims of number rigging off their scent trail.

Thu, 10/18/2012 - 08:57 | 2900633 GetZeeGold
GetZeeGold's picture

 

 

Like the Energizer bunny.....that crazy bastard just keeps going and going.

 

Thu, 10/18/2012 - 09:01 | 2900652 TruthInSunshine
TruthInSunshine's picture

The BLS has finally learned that there are people competent in basic arithmetic and sound statistical surveying/sampling methodologies who are on to their little game of consistently skewing the numbers artificially higher, and they've adopted a new, desperate strategy of throwing out an intentional "big miss" once in a while.

It's like when a referee really blows a call, gets booed, and subsequently grants a make-up call.

Thu, 10/18/2012 - 09:06 | 2900668 a growing concern
a growing concern's picture

They should really shake things up and try a downward revision next week.  That'll keep everyone guessing.

Thu, 10/18/2012 - 09:53 | 2900842 economics9698
economics9698's picture

These fascist mother fuckers are really starting to bother me.  This shit is going to change soon.

Thu, 10/18/2012 - 11:14 | 2901064 pods
pods's picture

Well you should be happy to know that the banks are now fat and happy and are ready to take back some real property.

They had the BALLS to send a letter that the US must get control of it's finances.  Of course they did that after they puked all their rotten MBSs to the FED and how have reserves enough to steal the real property from debtors.

Satan is making a new level in hell for these fuckers.

http://www.financialservicesforum.org/images/stories/fsf_fiscal_cliff_letter_16.pdf

pods

Thu, 10/18/2012 - 11:48 | 2901187 Orly
Orly's picture

Rock on, Dante!

Thu, 10/18/2012 - 12:24 | 2901328 Things that go bump
Things that go bump's picture

For all we know, this is all there is.  The meek do not inherit the earth.  Turning the other cheek gets that one slapped too.  Don't you recognize propaganda when it sucker punches you?

Thu, 10/18/2012 - 09:54 | 2900844 Pool Shark
Pool Shark's picture

 

 

Sorry Tyler,

It looks like last week's missing state was California:

http://www.cnbc.com/id/49460659

Thu, 10/18/2012 - 09:55 | 2900852 Bastiat
Bastiat's picture

Surprise, surprise.

Thu, 10/18/2012 - 11:52 | 2901198 A Nanny Moose
A Nanny Moose's picture

The dog ate our homework.

Thu, 10/18/2012 - 09:14 | 2900710 LawsofPhysics
LawsofPhysics's picture

Liesman is such a piece of shit.  It isn't a conspiracy when the numbers are exceptionally good, just when the numbers are exceptionally bad.  Paging Rick Santelli...

Thu, 10/18/2012 - 09:15 | 2900713 GetZeeGold
GetZeeGold's picture

 

 

Paging Rick Santelli...

 

Oh shit.

Thu, 10/18/2012 - 09:48 | 2900830 economics9698
economics9698's picture

Why in the fuck are we paying these bastards if all they do is propaganda?  Its fucking bullshit.

Thu, 10/18/2012 - 10:12 | 2900901 pods
pods's picture

I think you are confused about their job description.

pods

Thu, 10/18/2012 - 10:14 | 2900905 MachoMan
MachoMan's picture

Fuck that...  page wallstreet pro.  Santelli is on a short leash with cnbs and thus a compromised professional wrestler.

Thu, 10/18/2012 - 10:24 | 2900937 overmedicatedun...
overmedicatedundersexed's picture

 spending 1 trillion a yr on entitlements up 33% in 4yrs..now we can wait for next UE report after Amazon hires 50,000 for X mas..as reported on MSM today the UE trend is slowly getting better..Amazon do your thing part time low pay jobs for everyone merry Festivus all.

Thu, 10/18/2012 - 12:26 | 2901338 Things that go bump
Things that go bump's picture

And a happy Saternalia to you too.

Thu, 10/18/2012 - 09:29 | 2900775 DeadFred
DeadFred's picture

The BLS is watching the polls swing towards even and know their jobs (or more) might be on the line if Willard gets coronated. Obama may have to up the incentive/pressure to make the risk worthwhile. Or maybe the BLS is smart enough to realize that two can play the incentive/pressure game. All sort of fun theories can be spun out of todays print.

More likely the put/call ratio got too low and the squid decided it was time to fleece the bulls. Who do you think really runs the BLS?

Thu, 10/18/2012 - 14:04 | 2900928 TruthInSunshine
TruthInSunshine's picture

Lloyd & Jamie roll up to the BLS' "lockdown" office around 7:45 am, parking in "This Space Reserved For..." spots.

Inquiries of "what can be do with this subset that would be technically allowable?..." and "can we take a little off the top over here?..." soon fill the air as everyone enjoys their GS/JPM provided Patisserie Claude croissants & Piccolo Cafe lattes.

 

Thu, 10/18/2012 - 11:25 | 2901092 spekulatn
spekulatn's picture

The internet reformation strikes again.

"We call the process the Internet Reformation and we're creating a society to formalize support for a free and open Internet among other things. The Internet itself is only one part of a larger inevitable freedom movement that has been stimulated by the Internet Reformation – just as the Reformation itself eventually shifted the parameters of power and authority throughout Europe."

http://www.thedailybell.com/4063/Anthony-Wile-Wrong-Side-of-History


Thu, 10/18/2012 - 09:11 | 2900656 Zer0head
Zer0head's picture

Last Thursday just before 8am Tom Keene and Sara Eisen made some curious comments to each other about Softbank, Goldman and Nextel only to cut the conversation off abruptly.  Later in the broadcast there was a circle jerk over the magnificient claims numbers.

 

This morning the claims numbers are a footnote with no mention of the revision. 

 

(I am not suggesting that Keene and Eisen had inside info on the deal but I would think that the Bloomberg Ombudsman and/or SEC should at the very least review the transcript and view the tape and perhaps ask those two exactly what they meant and why they cut the conversation so abruptly, especially in the context of Eisen's conversation with Cohn)

Thu, 10/18/2012 - 09:26 | 2900764 insanelysane
insanelysane's picture

There is no such thing as insider trading.  There is trading and there is outsider trading sometimes referred to as "retail investing."

Thu, 10/18/2012 - 12:23 | 2901321 SillySalesmanQu...
SillySalesmanQuestion's picture

+1

Thu, 10/18/2012 - 10:34 | 2900955 dvsteenk
dvsteenk's picture

yes, also noticed this shift of attention AWAY from claims numbers; last week was touted as sign that job recovery was picking up speed, today the same Tom Keene was saying the miss was averaging out last week's beat to a "no change"

Bloomberg must have some huge long interest, to pay off tomorrow

Made me ponder: the media are among the biggest market manipulators on the planet

Thu, 10/18/2012 - 08:55 | 2900630 Super Marco
Super Marco's picture

Can I get an Amen? 

Thu, 10/18/2012 - 09:02 | 2900654 Cassandra Syndrome
Cassandra Syndrome's picture

Ha ha,

The Corporatist Pollyanna Progressives at Bloomberg blame this on a "seasonal shift".

Is their average reader that dumb? The figure given IS seasonally adjusted and the Non Seasonal Adjusted jumped 30,000.

 

 

 

Thu, 10/18/2012 - 09:06 | 2900669 Zer0head
Zer0head's picture

Bloomberg has gone right straight down the shitter.   They are actually worse than CNBS who at least let Santelli speak.

Thu, 10/18/2012 - 09:20 | 2900717 TruthInSunshine
TruthInSunshine's picture

CnBSc has Santelli. Bloomturd has Jonathan Weil. These two are their respective token, prominently marketed "skeptics."

It's still all a stage, and the proof of the high drama it creates is the reaction caused whenever Santelli or Weil are allowed to challenge the Central Planning Committee's wisdom on "live teeeeveeee" or even in print.

Thu, 10/18/2012 - 09:26 | 2900762 Vince Clortho
Vince Clortho's picture

Ahhhh, similar to the illusion of choice we have with the 2 party political system.

Thu, 10/18/2012 - 10:05 | 2900868 TruthInSunshine
TruthInSunshine's picture

Exactly. Or the token black people on any Disney show.

Thu, 10/18/2012 - 08:54 | 2900620 insanelysane
insanelysane's picture

I think the POTUS realized that most Americans aren't completely stupid.  They over-reached on the 7.8% number and it hurt the campaign as people can believe a bit of BS but not a truck load.  I think they will pump these numbers for a couple of weeks (or come close to reality) and then try for one more headline drop before the election.  As the saying goes, don't piss on my leg and tell me it is raining.

Thu, 10/18/2012 - 09:15 | 2900711 Stoploss
Stoploss's picture

Panic inflection dead ahead..

Thu, 10/18/2012 - 11:51 | 2901197 WatchingIgnorance
WatchingIgnorance's picture

The lies have gotten so complex and layered that they just sometimes forget where they are.

Math is such a bitch to fudge forever, even with all the fudge factors, adjustments and flat out lies.

Just wait until after the election . . .

Thu, 10/18/2012 - 08:43 | 2900586 LongSoupLine
LongSoupLine's picture

No one could have predicted this...no one!

Thu, 10/18/2012 - 09:56 | 2900857 DosZap
DosZap's picture

So far, there has been no explanation from the BLS or DOL for last week's outlier print.

 

The reason was because they held back the true reporting............................fact.

Late turning them in.Was the excuse.

Thu, 10/18/2012 - 10:30 | 2900949 Zadok
Zadok's picture

Riot dog ate my homework...I'll have to turn it in next week.

Thu, 10/18/2012 - 08:44 | 2900587 HelluvaEngineer
HelluvaEngineer's picture

Suddenly I feel like voting for a rich Mormon Yankee.

Thu, 10/18/2012 - 08:52 | 2900614 GetZeeGold
GetZeeGold's picture

 

 

We boys from Dixieland stand with you.

Thu, 10/18/2012 - 09:08 | 2900679 Long-John-Silver
Thu, 10/18/2012 - 09:17 | 2900719 LawsofPhysics
LawsofPhysics's picture

Why do you think my entire operation is spread among only those states?  (I mean aside from the low to no property taxes).

Thu, 10/18/2012 - 10:28 | 2900943 BeaverFever
BeaverFever's picture

The rest of the world stands and laughs at your leaders.

Then we anxiously look skyward for signs of circling drones...

Thu, 10/18/2012 - 09:01 | 2900650 CrimsonAvenger
CrimsonAvenger's picture

I feel like voting for a constitutionalist patriot from Texas, but they won't let me.

Thu, 10/18/2012 - 08:46 | 2900588 fonzannoon
fonzannoon's picture

Realty ain't coming back. I don't care how low they set mortgage rates.

Thu, 10/18/2012 - 08:53 | 2900619 DavidC
DavidC's picture

Yes, that made me smile as well fonzannoon!

DavidC

Thu, 10/18/2012 - 08:54 | 2900623 kito
kito's picture

No way fonz.....3pct down payments are all the rage again......time to lever up!!!!!

Thu, 10/18/2012 - 08:56 | 2900634 LawsofPhysics
LawsofPhysics's picture

Bullshit.  We are looking into developing some more land or purchasing another set of town homes.  Minimum 20% down, no matter what bank you go to.

Thu, 10/18/2012 - 09:07 | 2900660 TruthInSunshine
TruthInSunshine's picture

Actually 3.5% down for owner occupants on FHA mortgages is back.

I know it's really sad (for society, the taxpayers who subsidize this & in sounding the death knell for free markets), but it's true.

If you're an investor buying inventory or a developer on raw land projects, that's a totally different ballgame, and you'd better have a very tight relationship with a lender (preferably one who is really tight with Bill Dudley and Timmay) or plenty of private capital to use.

Thu, 10/18/2012 - 09:21 | 2900733 LawsofPhysics
LawsofPhysics's picture

I have physical and my lender also funded our shooting range.  Don't think he is going to say or do much should push come to shove.  He knows we will keep him safe.  In the end, ALL economies are local.

 

By the way, you do know that you can have up to four properties (including your primary) under that FHA loan.

Thu, 10/18/2012 - 09:42 | 2900754 TruthInSunshine
TruthInSunshine's picture

I will re-check, but I thought the 3.5% down mortgage is for a primary residence under a FHA loan (which doesn't impugn your statement about being able to have 4 dwellings on an FHA loan) and *I think* it was first brought in coupled with the 1st time homebuyer tax credit spiel (where the credit was used as all or part of the down payment).

 

*p.s. - I realize many will think it's cruel to suggest taxpayer subsidized programs allowing for 3.5% down mortgages to be provided via the FHA is an unwise thing (oh my!), but then again, wasn't an overbinge on credit extended to people who couldn't afford the underlying assets one of the prominent factors that put into a purge cycle? 

I wonder what the people who support this nonsense do to directly support those who put 3.5% down and then subsequently fall behind on their mortgage, because to see them acquire their dream home, only to have it snatched away from them is real cruelty.

If I'm wrong about this, let's just do 0% down NINJA loans again!-- for everyone, because that's even more better-er and nicer-er!

Thu, 10/18/2012 - 14:15 | 2901931 kito
kito's picture

its 3.5 percent. you are absolutely correct. 

Thu, 10/18/2012 - 11:28 | 2901106 markar
markar's picture

but you still need current pay stubs  and/ or profitable tax returns to apply.

Thu, 10/18/2012 - 08:55 | 2900628 LawsofPhysics
LawsofPhysics's picture

Nice one, yes, wages do matter. 

Thu, 10/18/2012 - 11:56 | 2901212 WatchingIgnorance
WatchingIgnorance's picture

In Soviet Russia, mortgage pays you!

Thu, 10/18/2012 - 08:46 | 2900589 monopoly
monopoly's picture

I feel like I am living in a Third World country where noone speaks the same language. Wait a minute.....I am!

Thu, 10/18/2012 - 09:07 | 2900675 RSloane
RSloane's picture

America, we have some bananas to sell.

Thu, 10/18/2012 - 09:14 | 2900707 pods
pods's picture

Yeah but we even have to import them!

pods

Thu, 10/18/2012 - 08:46 | 2900590 nmewn
nmewn's picture

Look...we "found" some people hiding over here!!!

Thu, 10/18/2012 - 08:46 | 2900594 ss123
ss123's picture

Jack Welch is combing his hair as he gets ready to tour TV stations and let the media know how he knows how the Chicago thugs work and everyone that thought he was senile can kiss his ass.

Thu, 10/18/2012 - 08:48 | 2900599 nmewn
nmewn's picture

Egggzactly.

Thu, 10/18/2012 - 08:58 | 2900645 GetZeeGold
GetZeeGold's picture

 

 

Looks like Jack is taking his time this morning......never a good sign.

 

Thu, 10/18/2012 - 09:05 | 2900661 ss123
ss123's picture

We are dealing with Chicago thugs. Did Jack make it home last night?

Thu, 10/18/2012 - 10:44 | 2900984 Zadok
Zadok's picture

Are you sure it's Jack? An imposter perhaps? Any cockroaches crawling out from the hair piece?

Thu, 10/18/2012 - 08:47 | 2900595 PUD
PUD's picture

Perhaps this explains how Polaris Industries sold a record number of snowmobiles and atv's? The unemployed and disabled have more leisure time?

Thu, 10/18/2012 - 08:53 | 2900613 Squid Vicious
Squid Vicious's picture

DHS is buying them to prepare for herding us into the camps... might happen this winter so they're hedging their bets with the snowmobiles

Thu, 10/18/2012 - 08:57 | 2900632 insanelysane
insanelysane's picture

Don't tell me there is channel stuffing of snowmobiles and atv's?  Next you'll me telling be Apple is channel stuffing iCrap.

Thu, 10/18/2012 - 08:59 | 2900637 emersonreturn
emersonreturn's picture

pud...just so you needn't repeat this on yet another thread...perhaps people (their foreclosure being 'stuffed') are preparing for life on the road, or in the woods.

Thu, 10/18/2012 - 09:51 | 2900835 El
El's picture

Are you and the Pud from fuckedcompany.com related?

Thu, 10/18/2012 - 08:48 | 2900601 Perdogg
Perdogg's picture

My baloney has first name its X-12-ARIMA.

Thu, 10/18/2012 - 08:50 | 2900608 1100-TACTICAL-12
1100-TACTICAL-12's picture

The bullshit is getting so deep ladders,stilts and rubber boots required....

Thu, 10/18/2012 - 08:50 | 2900605 Squid Vicious
Squid Vicious's picture

DOL needed to give Obama a helping hand after his comatose debate performance... now that he's back in the saddle they can let the bad news fly

Thu, 10/18/2012 - 08:50 | 2900607 BudFox2012
BudFox2012's picture

The answer is more debt.  The answer is always more debt...

Thu, 10/18/2012 - 08:50 | 2900609 Water Is Wet
Water Is Wet's picture

That rug really tied the room together, did it not?

Thu, 10/18/2012 - 08:53 | 2900615 alfred b.
alfred b.'s picture

 

     ....and some people actually trade on information provided by these guys....REALLY???

Thu, 10/18/2012 - 08:54 | 2900621 LawsofPhysics
LawsofPhysics's picture

If you knew that information ahead of time, why wouldn't you?

Thu, 10/18/2012 - 09:09 | 2900681 fuu
fuu's picture

Morals, ethics, honor?

Wait this is America, nm.

GET SOME!

Thu, 10/18/2012 - 08:53 | 2900617 DOT
DOT's picture

Another outliar statistic.

Thu, 10/18/2012 - 08:55 | 2900624 gmak
gmak's picture

Just to be really clear, it's R-E-A-L-I-T-Y, not realty.

Thu, 10/18/2012 - 08:59 | 2900644 Water Is Wet
Water Is Wet's picture

Oh.  I thought he meant house prices are going TO THE MOON because more people got fired.

Thu, 10/18/2012 - 09:00 | 2900646 adr
adr's picture

Realty is nothing but lies, extortion, and general sociopathic behavior.

Reality has become nothing but lies, extortion, and sociopathic behavior.

So the headline is actually correct.

Thu, 10/18/2012 - 08:55 | 2900625 Sig Sauer
Sig Sauer's picture

"and numbers are simply picked out of thin air their ass"

there, fixed it for you

Thu, 10/18/2012 - 08:57 | 2900631 yogibear
yogibear's picture

Shocked! Thought there would be more numbers cooking to boost Obama before the election. 

Some people in Obama's admin are going to get fired. Maybe all of them including Obama!

Thu, 10/18/2012 - 08:58 | 2900635 adr
adr's picture

Oprah is bringing back her giveaway shows.

EVERYONE GETS AN OBAMA JOB!!!!

Thu, 10/18/2012 - 09:09 | 2900689 nmewn
nmewn's picture

Everbudy round here got ObowmaPhones!

Thu, 10/18/2012 - 08:58 | 2900636 GeezerGeek
GeezerGeek's picture

Since the only debate left will deal with foreign affairs, it was safe to release these higher numbers. Couldn't let Romney have fresh ammunition for Tuesday's debate.

Thu, 10/18/2012 - 08:58 | 2900638 Call me Ishmael
Call me Ishmael's picture

I made this. It's good. You should watch it. It's about money.
http://youtu.be/KI9lAsZDY4c

Thu, 10/18/2012 - 09:08 | 2900684 realtick
realtick's picture

Excellent video.

Thu, 10/18/2012 - 09:01 | 2900648 Quinvarius
Quinvarius's picture

I wonder how bad it the number really is if that is the lie?

Thu, 10/18/2012 - 09:02 | 2900655 docj
docj's picture

Where's the KABOOM! There was supposed to be an Earth-shattering KABOOM!

(Oh, there it is...)

Thu, 10/18/2012 - 09:05 | 2900663 Kaiser Sousa
Kaiser Sousa's picture

"they are who we thought they are...."

Thu, 10/18/2012 - 09:05 | 2900671 realtick
Thu, 10/18/2012 - 09:06 | 2900672 mrktwtch2
mrktwtch2's picture

buying some cheap janurauy put spreads today..doesnt matter who wins after the election they will start to let the real numbers come out and then we have the fiscal cliff situation..we should be in for a 5 to 8% sell off in novemeber..if im wrong..well at least the put spreads didnt cost me much only 3k..

Thu, 10/18/2012 - 09:07 | 2900673 fuu
fuu's picture

Shocked!

Thu, 10/18/2012 - 09:08 | 2900680 roadhazard
roadhazard's picture

butt, butt, I thought the numbers were being manipulated by Obama through the election. So much for right wing theory, again.

Thu, 10/18/2012 - 09:18 | 2900721 docj
docj's picture

Barry's starting to realize he's no longer the choice of TPTB - and so are the bureaucrats at BLS.

Thu, 10/18/2012 - 09:21 | 2900738 Dr. Engali
Dr. Engali's picture

No debate tonight.

Thu, 10/18/2012 - 09:21 | 2900739 dwdollar
dwdollar's picture

Trying to repair their credibility after they jumped the shark with the last one.

Thu, 10/18/2012 - 09:22 | 2900745 the not so migh...
the not so mighty maximiza's picture

They went a bridge to far and no one believed the numbers.  they are trying to cover their ass so they can get to serve their banker masters for anouther 4 years.

Thu, 10/18/2012 - 10:07 | 2900891 roadhazard
roadhazard's picture

lol, wingers crack me up. How's that birth certificate deal workin' out for ya. And you clowns expect more credibility than democraps. Hilarious, rave on, morons.

Thu, 10/18/2012 - 09:08 | 2900685 james larson
james larson's picture

Lets see how often the media points out this uncomfortable reality

unadjusted, totaled 359,048 in the week ending October 13, an increase of 29,129 from the previous week. There were 357,562 initial claims in the comparable week in 2011.

More pink slips for the week than in 2011.

Thu, 10/18/2012 - 09:10 | 2900695 Everybodys All ...
Everybodys All American's picture

Remember we have been told that there is no one that works at the BLS or the entire Department of Labor that is political. There are all just very hard working and analytical. No one.

Thu, 10/18/2012 - 09:12 | 2900701 tooriskytoinvest
tooriskytoinvest's picture

The Game Is Over And The Market Is About To Fall Apart!! CEOs Run Out of Costs To Cut And US Domestic Demand Is In Decline As Customers Are Increasingly Wary About Spending!

http://investmentwatchblog.com/the-game-is-over-ceos-run-out-of-costs-to-cut-and-us-domestic-demand-is-in-decline-as-customers-are-increasingly-wary-about-spending

 

John "Jay" Jordan - "It's a Race to the Bottom-"There all Printing Money-Were going to have Global Inflation"

http://www.bloomberg.com/video/jordan-on-global-u-s-economies-and-budget-deficit-EvuKmqIVTj2cqO4wBXoPeQ.html

Thu, 10/18/2012 - 09:15 | 2900712 Duke of Con Dao
Duke of Con Dao's picture

UE drop next month Obama?

Cliff wants to ask a question:

YouTube - Presidential Debate - Cliff Robertson to Romney: 'How Do You Know?''

Thu, 10/18/2012 - 09:25 | 2900760 Joe Davola
Joe Davola's picture

Rubber downturn in NC, bullish for midwifery!

Thu, 10/18/2012 - 09:30 | 2900777 rsnoble
rsnoble's picture

Yep, massive recovery.

Thu, 10/18/2012 - 09:38 | 2900794 rsnoble
rsnoble's picture

Forgot to mention I know a lot of guys approaching their last extension, been telling them along the economy is finished instead of trying to get something else going they just wait. Not good. Most don't understand the collapse is underway.
Well at least we can hurry up and get them off the role call so we can make the numbers look better and get investors back in the markets,thank god.

Thu, 10/18/2012 - 09:41 | 2900802 TideFighter
TideFighter's picture

If you got caught stealing the hens from the henhouse, why would you risk getting caught taking them back?

Thu, 10/18/2012 - 09:41 | 2900804 Conman
Conman's picture

Honey badger market cares about unemployment? Nahhhhhhhhhhh up we go. go go go honey badger go

Thu, 10/18/2012 - 09:50 | 2900833 ziggy59
ziggy59's picture

I guess no debate tonight, huh?

Thu, 10/18/2012 - 09:53 | 2900843 antidisestablis...
antidisestablishmentarianismishness's picture

No matter what the number, it's always a conspiracy in the ZH collective mind.  When will you nimrods realize that ZH itself is part of the conspiracy designed to drive you over the cliffs of insanity so you can be locked up in a mental institution.  Mission accomplished!

Thu, 10/18/2012 - 10:05 | 2900883 fuu
fuu's picture

"Derp derp derp derp derp, derp derp derp derp derp derp ZH derp derp. Derp derp derp derp derp derp ZH derp derp derp derp derp derp derp derp derp derp derp derp derp derp derp derp derp derp derp derp? Derp derp!"


Fixed it for you.

Thu, 10/18/2012 - 10:23 | 2900931 Rapada
Rapada's picture

Will there also be shrieking eels?

Thu, 10/18/2012 - 09:56 | 2900851 mayhem_korner
mayhem_korner's picture

 

 

CNBC prints that "Many economists believe a reading below 400,000 points to an improving labor market."  As documented many times before, that number keeps inflating.  Go back to early 2011, and the same sentence would be filled with 325K, then 350K by mid 2011, then 375K by the end of the year.

It just sounds like an addict swearing this is the last time.

 

Thu, 10/18/2012 - 10:01 | 2900871 Hohum
Hohum's picture

Here's the scary part.  Not seasonally adjusted claims year over year are HIGHER.  That's the first in a long time.

Thu, 10/18/2012 - 10:02 | 2900874 DosZap
DosZap's picture

Well the snake FINALLY came clean alound on the debate, NO ASSAULT(so called weapons,includes pistols, any semi's you want,best get now).

Ammo is once again flying off the shelves.

Thu, 10/18/2012 - 10:06 | 2900885 Bastiat
Bastiat's picture

 

 

Career path:  employment => unemployment + foodstamps => extended unemployment => SS disability for depression.  

. . . and this is offsetting the "unemployment" numbers . . .  

 

Thu, 10/18/2012 - 10:07 | 2900886 clagr
clagr's picture

What I don't really get is with 'new' weekly Jobless Claims at 388k and 'new' weekly hirings (NFP, etc) at 114k ---How are we making progress?????

Thu, 10/18/2012 - 10:37 | 2900965 mayhem_korner
mayhem_korner's picture

 

 

Progress is always being made - it's just a question of the direction of the progression...

Thu, 10/18/2012 - 10:07 | 2900887 clagr
clagr's picture

What I don't really get is with 'new' weekly Jobless Claims at 388k and 'new' weekly hirings (NFP, etc) at 114k ---How are we making progress?????

Thu, 10/18/2012 - 10:23 | 2900932 karzai_luver
karzai_luver's picture

I doubt there is much going on with these numbers other than the usual incompetents that run these state/fed level depts.

 

My dealings with several state "managers/high level muckety-mucks" showed me they were totally unfit for the "jobs" they held.

 

The first place to start at the state level would be to discharge the top 10% at each agency as they are nothing but political hacks.

 

Thu, 10/18/2012 - 10:30 | 2900950 overmedicatedun...
overmedicatedundersexed's picture

karzai, do not attempt to justify these reports..political hacks have feelings too you know. nothing in a planned economy is by omission these reports say what is required, nothing more or less, you want truth DC is not the place to look.

Thu, 10/18/2012 - 14:48 | 2900944 foodstampbarry
foodstampbarry's picture

This would all be forgotton if The Supreme Charismatic would just make another appearence on "The View". Wouldn't that be something?!

Thu, 10/18/2012 - 10:32 | 2900954 Shizzmoney
Shizzmoney's picture

Actually, this somewhat makes sense with Q3 earnings coming up. 

We all know tht a good portion of these jobs are temp jobs.  And, with the 15th this week, salaried employees are due checks......but it is also a good time to lay them off (like 2 ppl at my company this week). 

It makes sense that we see a high variance from week to week on unemployment, job creation, etc.......this is NOT your normal job market.

Thu, 10/18/2012 - 10:44 | 2900983 Winston Churchill
Winston Churchill's picture

I'm hearing about a lot of pink slips being handed out this  Friday afternoon.

Next two weeks  figure are prolly going to be awful.

FORWARD.

Thu, 10/18/2012 - 11:34 | 2901130 karzai_luver
karzai_luver's picture

Anyone running a biz of any size can show you a wharehouse full of resumes from people that are just screwed and "working" part/sometime.

 

The "hollow" is growing.

When you offer a part-time gig for 8.50hr and need police to handle the crowd you KNOW it isn't good out there.

 

Thu, 10/18/2012 - 13:01 | 2901521 covert
covert's picture

fire the politicians.
http://covert.ias3.com/expose/

Thu, 10/18/2012 - 19:10 | 2902862 Manic by Proxy
Manic by Proxy's picture

Allow me to distill that information presented and wade through the various explanations of DOL statistical "inconsistencies". They're bunch of fucking liars, doing the bidding of the fucking liar in the White House. You're welcome.

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