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Initial Claims Soar To 439K, Non-Seasonally Adjusted Surge By Whopping 104,548 In One Week

Tyler Durden's picture




 

Get ready for the "it's all Sandy's fault" barrage, because the post-reelection status quo sure will desperately need it today. The latest initial claims data posted a multi-year high 104,548 surge in weekly NSA claims from 361,800 to 466,348, and even the Seasonally adjusted number soaring from 361K to 439K on expectations of a 375K print. In other words, a complete disaster for any economic data bulls. What is truly amusing is that the same Wall Street "experts" who set expectations were unable to foresee the Sandy effect that every "macrotourist" on Twitter apparently is so very aware of. Also, it is apparently also "Sandy's fault" (now that the Bush excuse is back in retirement) that the prior week's claims were revised from 355K to 361K. Basically, just as we said 3 weeks ago, ignore every negative data point: it is Sandy's fault. However, for the snapback, when there actually is good news to be had, well, "four more years." Finally, to all the Sandy apologists: is the logic here that: if Hurricane, then Fire everyone? Because that is what is implied. To summarize: a hurricane is good for GDP (lots of broken windows), but any actually negative news (surge in firings) is perfectly expected.

Here is a list of all the consensus misses since 1999, courtesy of John Lohman. With a miss of 64K, "we are #2, baby."

But that's not all.

Read this to get a sense of the complete goalseeked and manipulated farce that are BLS data.

Several states said the increase was due to the storm that hit the Northeastern part of the U.S. in late October, a Labor Department spokesman said as the data were released to the press. The extent of the damage means it may take weeks for the underlying trend in firings to again become clear. Before the storm, the labor market was gaining momentum even as year-end domestic fiscal policy uncertainties raised concern among businesses. The Labor Department spokesman did not name the affected states, citing agency policy not to single out any one area. Today’s report showed a loss of electricity prevented New York offices from taking claims two weeks ago. In addition, since Monday was a government holiday, three states and territories  -- Hawaii, Oregon and Puerto Rico -- didn’t report claims data, causing the Labor Department to estimate their totals, the spokesman said. Two others, California and Virginia, provided their own estimates.

Bottom line: guesswork, no actual data reporting, and hurricane excuses. Spin, Spin, and more post-election Spin.

At least CPI came in at 0.1%, in line with expectations, down from 0.6% before, driven by a drop in energy prices, even as Transportation Services, Electricity and Food at home posted multi-month highs.

Finally, the Empire Manufacturing Index printed at -5.22, the 4th consecutive negative print, better than the expected -8, even as Number of Employees index plunged from -1.08 to -14.61.  Shhhh. Sandy's fault too....

 

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Thu, 11/15/2012 - 09:49 | 2983608 GetZeeGold
GetZeeGold's picture

 

 

Now that's a fire.

 

Was gonna throw some Kookaid at it....but it appears we're clean out.

Thu, 11/15/2012 - 10:21 | 2983768 Enslavethechild...
EnslavethechildrenforBen's picture

Economy is under a vaccuum, atmospheric pressure mysteriously rises

Thu, 11/15/2012 - 10:28 | 2983800 Atlasshruggedme
Atlasshruggedme's picture

It does not make sense.... Unemployeement should be lower because of the clean up jobs. Rebuild houses and roads.

 

Unemployeement is up because of the policy's of the President. Anyone know a COE of a Large company? All of them will tell you its getting worse. They believe they are large enough to stay in business, but cuts must be made. 

 

Thank you to everyone that voted Democrate. I have now spent 1/10 of my yearly income on protection and lead.

Thu, 11/15/2012 - 10:33 | 2983817 j0nx
j0nx's picture

$100 says that every one of those democrats that you blame are blaming you for voting republican for all these problems. Civil War 2: Conservatives vs. Liberals. It's what's for dinner. Luckily or unluckily depending on your leaning, liberals as a general rule have aversion to firearms so the war will be short lived.

Thu, 11/15/2012 - 11:09 | 2983983 Master_Blaster
Master_Blaster's picture

I wonder which of those two catagories are long lead?

Thu, 11/15/2012 - 11:22 | 2984042 NeedtoSecede
NeedtoSecede's picture

You forgot to add the libtard aversion to firearms, liberty and reality... "Fucking clown circus"

Thu, 11/15/2012 - 12:09 | 2984286 Karlus
Karlus's picture

Dont forget, most red states produce the food? Why shoot when you can embargo?

Thu, 11/15/2012 - 10:40 | 2983854 Antifaschistische
Antifaschistische's picture

bingo Atlas,

Do they really think we're that stupid!!   We know they're just playing catch-up from all the under reported pre-election numbers designed to help POTUS keep his white house.

Thu, 11/15/2012 - 11:42 | 2984159 MilleniumJane
MilleniumJane's picture

"Unemployeement should be lower because of the clean up jobs. Rebuild houses and roads."

I don't know...I think that the machine moves quite slowly for disaster survivors.  Anyone who deals with insurance companies knows how slow they are to pay out.  FEMA response has been dreadful, so I'm thinking the government is not going to be working any more quickly than the insurance drones.  I think that cities, counties and states are going to be taking the financial burdens of rebuilding roads and public works upon themselves, and if their budgets are anything like where I live, watch out for higher taxes dead ahead.

Thu, 11/15/2012 - 09:48 | 2983610 Neethgie
Neethgie's picture

Theres a hurricane coming, you're fired!

Thu, 11/15/2012 - 10:02 | 2983655 Pool Shark
Thu, 11/15/2012 - 10:18 | 2983743 icanhasbailout
icanhasbailout's picture

I really like the part about California supplying its own estimates. That is very very bullish.

Thu, 11/15/2012 - 10:09 | 2983693 Atoyota
Atoyota's picture

What??? No broken windows to fix???

Thu, 11/15/2012 - 11:29 | 2984097 Cruel Aid
Cruel Aid's picture

Shhh, we don't want to apply that bedtime story here.

Thu, 11/15/2012 - 10:43 | 2983861 Everybodys All ...
Everybodys All American's picture

Hurricane Obamacare ... it's killing small business.

Thu, 11/15/2012 - 10:57 | 2983924 Jethro
Jethro's picture

Everyone knows that superstorms are racist. Math is too....

Thu, 11/15/2012 - 09:49 | 2983611 taniquetil
taniquetil's picture

In all seriousness, ZeroHedge, why would Sandy cause such a huge jump in unemployment? If you are out of work for 2 weeks because your business was damaged by the hurricane, but still have a job, are you seriously allowed to apply? That seems like a really easy way for people to game the system.

Thu, 11/15/2012 - 09:54 | 2983632 fonzannoon
fonzannoon's picture

I am in no way saying Sandy is to blame completely....but I know many businesses that were on the barrier islands and coast that were just wiped out.  The owners probably had some business interruption insurance but the employees were SOL immediately.

Thu, 11/15/2012 - 09:59 | 2983648 new game
new game's picture

are forgetting about bush?

s p <1360, nice follow thru.

this has the retrace of 1987, but we are lacking a trigger-hmmm

is that a large feathered bird i see?

Thu, 11/15/2012 - 10:01 | 2983651 GetZeeGold
GetZeeGold's picture

 

 

Bush who?

Thu, 11/15/2012 - 10:15 | 2983714 francis_sawyer
francis_sawyer's picture

Let's back that thought up a little...

~~~

a) If it's ALL BUSH's FAULT

+

b) It's all NATURE's FAULT

Then:

BARBARA BUSH = MOTHER NATURE... (francis_sawyer solves yet another algebraic riddle)...

Thu, 11/15/2012 - 10:09 | 2983692 DeadFred
DeadFred's picture

Sorry, I can't see the bird, it must be very dark colored.

Thu, 11/15/2012 - 10:10 | 2983700 fonzannoon
fonzannoon's picture

I am looking for that bird too. So far same shit.

Thu, 11/15/2012 - 10:18 | 2983742 nodhannum
nodhannum's picture

I think I see it but it is very dark in color.  It's hard to see in this tunnel with that bright light at the tunnels end.  That must be daylight!

Thu, 11/15/2012 - 10:09 | 2983696 JPM Hater001
JPM Hater001's picture

Surely someone can get their hands on the raw data...what was the east coast uptick vs the nation?

Thu, 11/15/2012 - 09:48 | 2983612 youngman
youngman's picture

No politics here..it was not kept low for the election...no no no...that would not happen....lol

Thu, 11/15/2012 - 09:51 | 2983624 docj
docj's picture

Yep - and now that Choomy is safely re-appointed for another 4-years we can let some little bits of truthiness out for the consumption of The Great Unwashed.

Thu, 11/15/2012 - 10:43 | 2983630 GetZeeGold
GetZeeGold's picture

 

 

Mr President....are you really as good of a kisser as your wife says?

 

The world is dieing to know......literally. Thank heaven for CBS news.

Thu, 11/15/2012 - 11:50 | 2984199 Mr Pink
Mr Pink's picture

Thats the word at the chicago steam baths too! Magic purple lips!

Thu, 11/15/2012 - 09:59 | 2983646 buzzsaw99
buzzsaw99's picture

The repugs would never lie. LMAO!

Thu, 11/15/2012 - 10:02 | 2983660 GetZeeGold
GetZeeGold's picture

 

 

It doesn't matter....they're not in charge.

Thu, 11/15/2012 - 10:03 | 2983665 buzzsaw99
buzzsaw99's picture

Bush lied, people died. Tell that to the families of the dead and mutilated.

Thu, 11/15/2012 - 10:05 | 2983673 GetZeeGold
GetZeeGold's picture

 

 

Good thing no one has died in the last four years.....or in the next four years.

Thu, 11/15/2012 - 10:08 | 2983691 buzzsaw99
buzzsaw99's picture

Completely agree.

Thu, 11/15/2012 - 10:17 | 2983704 GetZeeGold
GetZeeGold's picture

 

 

MSNBC will be reporting exactly that later today.

Thu, 11/15/2012 - 10:20 | 2983749 buzzsaw99
buzzsaw99's picture

i agree with your saracasm and get 4 down votes. that's funny.

Thu, 11/15/2012 - 10:22 | 2983769 GetZeeGold
GetZeeGold's picture

 

 

MDB is not going to like you encroaching on his turf.

Thu, 11/15/2012 - 10:25 | 2983792 BBullionaire
BBullionaire's picture

government trolls?

Thu, 11/15/2012 - 10:35 | 2983830 MiltonFriedmans...
MiltonFriedmansNightmare's picture

Someone doesn't like you buzz.

Thu, 11/15/2012 - 10:46 | 2983876 Antifaschistische
Antifaschistische's picture

I didn't down you Buzz...but you know, it's not your comments.   It's your picture.  I think I'm probably not the only would who imagines duct taping a grenade to the forehad of that dude and then running to make sure I don't get splattered. 

Thu, 11/15/2012 - 11:53 | 2984213 Col_Sanders
Col_Sanders's picture

But dude, that's "Quato!"

He's the savior of Mars - AND the coolest "baby growing out a guy's chest" ever!

Thu, 11/15/2012 - 10:11 | 2983705 Temporis
Temporis's picture

Exactly...

And how about that Gitmo... still open right?

 

Whatever happens from this point on, our great divider and chief owns it.

I am actually glad he won. I welcome the chaos that's coming.

Thu, 11/15/2012 - 10:13 | 2983716 buzzsaw99
buzzsaw99's picture

darth cheney and co invented gitmo. Owebama owns it? yeah right. :roll: There is no difference, that's my point.

Thu, 11/15/2012 - 10:17 | 2983730 Temporis
Temporis's picture

Your Divider and Chief said he would close it in his first 4 years... seems like you only pay attention to the shit you want to see and not the facts... yes Bush opened it, but Obama said he would close it, and it is still open, and 4 years from now it will still be open.

Thu, 11/15/2012 - 10:21 | 2983766 buzzsaw99
buzzsaw99's picture

are you claiming that owebama is the first president in usa history to not keep a promise? lololololol

 

i remember johnson promising to end the viet nam war, omg there are just so many, oof!

Thu, 11/15/2012 - 10:07 | 2983688 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

I just can't BELIEVE how low the Republicans will sink! Have they no shame?! And now these bottom feeders have the NERVE to blame the collapse of MF Global on Corzine! Can you believe these guys?!! 

http://www.salon.com/2012/11/14/gop_blames_corzine_for_mf_global_collapse/

/<sarc>

Thu, 11/15/2012 - 10:10 | 2983697 buzzsaw99
buzzsaw99's picture

If Enron had Happened today no-one would go to jail.

Thu, 11/15/2012 - 10:16 | 2983728 GetZeeGold
GetZeeGold's picture

 

 

This investigation is ongoing.

Thu, 11/15/2012 - 11:31 | 2984099 Abiotic Oil
Abiotic Oil's picture

Unfortunately the records allowing complete prosecution of Enron were destroyed when WTC7 was demolished with explosives, er I mean fell down in its own footprint from small fires.

Thu, 11/15/2012 - 10:29 | 2983803 Karlus
Karlus's picture

Depends on how much Enron bundled to Bam

Thu, 11/15/2012 - 10:36 | 2983834 j0nx
j0nx's picture

Shit. Beat me to it.

Thu, 11/15/2012 - 10:20 | 2983757 nodhannum
nodhannum's picture

Hussein lies and our ambassador dies.  There fixed it for you.

Thu, 11/15/2012 - 10:22 | 2983775 HellFish
HellFish's picture

Christ man, open your eyes and look beyond the talking points.  Bush Lied People Died has been debunked years ago.

Thu, 11/15/2012 - 09:50 | 2983614 I am more equal...
I am more equal than others's picture

Styx

 

welcome to the grand illusion..come on in and see what's happening... you paid the price get your ticket for the show

Thu, 11/15/2012 - 10:53 | 2983901 mvsjcl
mvsjcl's picture

Don't be fooled by the radio,

The TV or the magazine...

Thu, 11/15/2012 - 09:51 | 2983618 scatterbrains
scatterbrains's picture

They better hurry up and raise everyone's taxes or this will just get worse

 

/sarc

Thu, 11/15/2012 - 10:11 | 2983708 JPM Hater001
JPM Hater001's picture

You must have missed the memo...no /sarc needed anymore.  There was something about "Harder" but I didnt get it.  But this is ZH, we know when it's sarcasm.  Only let us know if it's not.

Thu, 11/15/2012 - 10:38 | 2983841 MiltonFriedmans...
MiltonFriedmansNightmare's picture

They will undoubtedly raise taxes on the evil 1%ers, the 0.00000000000000000001%ers, however, are completely sacrosanct, as they are doing God's work.

Thu, 11/15/2012 - 09:50 | 2983619 overmedicatedun...
overmedicatedundersexed's picture

who let this UE claims number out?? oh the election was last week..carry on.

Thu, 11/15/2012 - 09:50 | 2983620 LetThemEatRand
LetThemEatRand's picture

You would think they would at least wait a couple of months after the election before pulling back the curtain and showing us the real numbers.  Plausible deniability and all that.  I guess they realize that most people just don't give a shit/don't pay attention.

Thu, 11/15/2012 - 09:50 | 2983622 caimen garou
caimen garou's picture

to be revised up to half a million next week, oh wait they dont have to do that anymore since the boy got re-elected.

Thu, 11/15/2012 - 09:50 | 2983623 swissaustrian
swissaustrian's picture

Forward, comrades!

Full (UN)employment by 2016. Workers of the world unite!

Thu, 11/15/2012 - 10:15 | 2983726 ghengis86
ghengis86's picture

So we'll all be working for the United Nation in 2016?

Sounds about right...

Thu, 11/15/2012 - 10:27 | 2983798 LMAOLORI
LMAOLORI's picture

 

 

Indeed

Trans-Pacific Partnership: Secret Surrender of Sovereignty

http://www.thenewamerican.com/usnews/foreign-policy/item/13485-trans-pac...

Thu, 11/15/2012 - 09:51 | 2983625 realtick
realtick's picture

Chartist Friend Correctly Calls The Initial Claims Bottom http://chartistfriendfrompittsburgh.blogspot.com/2012/11/chartist-friend...

Thu, 11/15/2012 - 09:51 | 2983626 unrulian
unrulian's picture

pay.gov....quick get out your credit cards and pay your debt

Thu, 11/15/2012 - 09:52 | 2983628 BBullionaire
BBullionaire's picture

That explains the gold $8 pop, lucky me bought 40oz at 200x lev at 1717

Thu, 11/15/2012 - 09:53 | 2983631 VonManstein
VonManstein's picture

EURUSD showing "strength"

 

The EUR is the only instrument that has dealt with reality in recent months, years.. it has suffered as it should have.. It may have actually acheived the term "priced in". The USD and SPX have been in la la land for a long time and so a reversal could take place.

EUR up SPX+USD Down for the second day?

Thu, 11/15/2012 - 09:54 | 2983634 ShortTheUS
ShortTheUS's picture

Yeah. The storm. That's what it was.

Thu, 11/15/2012 - 09:55 | 2983637 Bold Eagle
Bold Eagle's picture

Federal tax receipts are down 3.7% YoY. That's all you need to know about the employment situation.

Thu, 11/15/2012 - 10:01 | 2983652 youngman
youngman's picture

They will be down 15% next year....Going Galt has started

Thu, 11/15/2012 - 10:12 | 2983712 JPM Hater001
JPM Hater001's picture

Higher.

Thu, 11/15/2012 - 10:15 | 2983725 kralizec
kralizec's picture

More!  Faster!!  NOW!!!

Thu, 11/15/2012 - 10:39 | 2983847 Rainman
Rainman's picture

At least one thing is going up at .gov

USPS triples it's losses to $15.9 billion.

 

http://www.bloomberg.com/news/2012-11-15/u-s-postal-service-on-tightrope-loses-15-9-billion.html

Thu, 11/15/2012 - 09:56 | 2983639 Shleprock
Shleprock's picture

4 more years....unemployment rate sure to drop now...LMAO!

Thu, 11/15/2012 - 10:00 | 2983650 wonderatitall
wonderatitall's picture

again....the fucking storm hit oct 31 .  how does it effect the numbers? obama , the murdering racist bigot can not be blamed because it is plain to see he is retarded.

Thu, 11/15/2012 - 11:14 | 2984005 MiltonFriedmans...
MiltonFriedmansNightmare's picture

How stupid do they believe us to be?

Their gall is truly unbelieveable

Thu, 11/15/2012 - 10:41 | 2983856 j0nx
j0nx's picture

Obama voters don't care about jobs. They are either FEDGOV employees or section 8/foodstamp losers loafing the mule at home in my hood while I schlep off to work every day to pay for their sorry asses.

Thu, 11/15/2012 - 09:57 | 2983640 LawsofPhysics
LawsofPhysics's picture

Turns out the USSA really is no different than the PIIGS or Russia in the late 80's.

If I remember correctly, Washington fully supported the secession of a number of soviet states during their currency collapse.  I am sure they won't mind when some states in the USSA decide they are better on their own as well.

Make no mistake, given our current state of chaos (class wars/race wars/currency wars) this is where we are heading.

Thu, 11/15/2012 - 10:01 | 2983653 buzzsaw99
buzzsaw99's picture

A very small fraction of whack jobs ain't gonna secede shit. There is a place for their kind, it's called north dakota.

Thu, 11/15/2012 - 10:10 | 2983699 LawsofPhysics
LawsofPhysics's picture

That is exactly what two of my professional colleagues in St. Petersburg Russia said in 1987 when I asked about similar state positions in the U.S.S.R.

Remind us buzzsaw, how did that turn out for ArmeniaAzerbaijanBelarusEstoniaGeorgiaKazakhstanKyrgyzstanLatviaLithuaniaMoldovaTajikistan, TurkmenistanUkraine, and Uzbekistan again?

By the way, North Dakota is beautiful, and full of natural resources as well.  Thanks for confirming your ignorance.


Thu, 11/15/2012 - 10:17 | 2983734 buzzsaw99
buzzsaw99's picture

Yes and very few negroes or latins which is a great part of the appeal. ;)

Thu, 11/15/2012 - 10:22 | 2983746 LawsofPhysics
LawsofPhysics's picture

and you are racist too, nice.

 

Again, you also show your ignorance.  There are many brown folks (including hispanics) in the Dakotas.  You really should get out of the basement more.

Thu, 11/15/2012 - 11:33 | 2984111 gaoptimize
gaoptimize's picture

It crosses my mind now and then to move to ND.  Based on election returns, Wyoming is looking good as well.

Thu, 11/15/2012 - 10:29 | 2983804 nodhannum
nodhannum's picture

You mean the place where if you buy a house or piece of property, you actually own it, since there are no property taxes?  Is that the whack job place?

Thu, 11/15/2012 - 10:08 | 2983690 GMadScientist
GMadScientist's picture

That would require the seceding states to not be the biggest recipients of the handouts.

 

Thu, 11/15/2012 - 10:15 | 2983724 fuu
fuu's picture

If they leave you won't have to give them your hard earned tax dollars anymore. Of course you won't get their hard earned tax dollars either.

Thu, 11/15/2012 - 10:16 | 2983729 GMadScientist
GMadScientist's picture

Sold!

Thu, 11/15/2012 - 10:26 | 2983794 Enslavethechild...
EnslavethechildrenforBen's picture

Handouts for we the people, BAILOUTS FOR THE QUINTILLIONAIRES

Thu, 11/15/2012 - 10:32 | 2983812 GetZeeGold
GetZeeGold's picture

 

 

Someday I will piss on Frank and Dodd's graves for that.

Thu, 11/15/2012 - 10:20 | 2983754 LawsofPhysics
LawsofPhysics's picture

correct, and you might have to pay a bit more for their resources as well.

Thu, 11/15/2012 - 10:32 | 2983814 dark pools of soros
dark pools of soros's picture

Bombs or Benny Bucks... Your choice

Thu, 11/15/2012 - 10:49 | 2983887 LawsofPhysics
LawsofPhysics's picture

You should take a look at where the majority of military personnel come from before being so sure.

Thu, 11/15/2012 - 10:18 | 2983738 LawsofPhysics
LawsofPhysics's picture

Did I mention what states I was refferring to?  Remind us, what states are in debt again?  Texas and Alaska are very much in the black dipshit, and they have resources.  Perhaps these states should require california, new york, and D.C. to pay with gold.

Wake the fuck up, when fraud is the status quo, possession is the fucking law.

Thu, 11/15/2012 - 10:09 | 2983695 HurricaneSeason
HurricaneSeason's picture

The Bernank is writing over a trillion in bad checks a year and state governments get one third their revenue from the federal government. That's about $25 billion in bad checks per state. Will the states be able to write bad checks at 1% interest or turn into Greece? It's a pretty childish solution. We need to ride the reserve currency for as long as we can because the national debt will never be paid. After interest rates on the national debt go to 7%, then we can break up and say what United States? Sue us.

Thu, 11/15/2012 - 10:12 | 2983711 LawsofPhysics
LawsofPhysics's picture

Correct. This is exactly what the former soviet Union did.

Thu, 11/15/2012 - 09:57 | 2983642 Mike in GA
Mike in GA's picture

Forget the Goldilocks economy, this is Alice in Wonderland, A Clockwork Orange and Tommy all rolled into one!  So unbelievable but true! 

Thu, 11/15/2012 - 09:57 | 2983643 Zen Bernanke
Zen Bernanke's picture

Your government:  where the left hand has no clue what the right hand is doing!

Thu, 11/15/2012 - 10:05 | 2983677 swissaustrian
swissaustrian's picture

George Bush confuses his left and right hands

http://www.youtube.com/watch?v=71vnMmeOxRM

Thu, 11/15/2012 - 09:58 | 2983644 LongSoupLine
LongSoupLine's picture

Krugman just threw a nut jerking to these numbers.

Thu, 11/15/2012 - 09:59 | 2983649 Cursive
Cursive's picture

@LongSoupLine

And Austin Goolsby took it in the eye.

Thu, 11/15/2012 - 09:58 | 2983645 Cursive
Cursive's picture

"Before the storm...."

 

They may as well have said, "Before the election..."

 

I used to laugh at Isvestia.  The "Western" press is no better.

Thu, 11/15/2012 - 09:59 | 2983647 Gimp
Gimp's picture

I was just getting used to/programmed to belive it was all "Bush's" fault.

Me brain can't take the "Sandy" fault or "Susan Rice" fault or "Bengazi made me do it" 

Please comrades tell me what to think....FORWARD

 

 

Thu, 11/15/2012 - 10:03 | 2983663 GMadScientist
Thu, 11/15/2012 - 10:02 | 2983658 GMadScientist
GMadScientist's picture

D'you think glaciers ever get tired of their trade being abused in the press this way?

Thu, 11/15/2012 - 10:02 | 2983659 analyzer_66
analyzer_66's picture

welcome to the age where  B U L L S H I T   is now  B U L L I S H

stock market will rise at least 100 points on this news !

Thu, 11/15/2012 - 10:03 | 2983661 Let The Wurlitz...
Let The Wurlitzer Play's picture

Is all we have to do is raise taxes some and that will improve the job numbers.

 

Thu, 11/15/2012 - 10:16 | 2983732 HurricaneSeason
HurricaneSeason's picture

Do you want solar panel jobs or not? They'll be on sale after Christmas for $350,000 each.

Thu, 11/15/2012 - 10:04 | 2983667 Boilermaker
Boilermaker's picture

ES down a full point!!!!

Thu, 11/15/2012 - 10:04 | 2983669 Boilermaker
Boilermaker's picture

Nevermind...it's up now.

Thu, 11/15/2012 - 10:10 | 2983701 GMadScientist
GMadScientist's picture

How much?

 

Thu, 11/15/2012 - 10:20 | 2983758 Boilermaker
Boilermaker's picture

2 handles and being ramrodded higher.

Thu, 11/15/2012 - 10:05 | 2983672 ptoemmes
ptoemmes's picture

Whether it's Sandy's fault of not...

...if your means of transportatioon much less where you (used to) sleep and eat are gone then you might not have a job because you can't show up.

...if the place you worked no longer exists then you might not have a job.

Gives new meaning to the term outsourced (into the Atlantic).

Shame, though, on using this misery as an excuse for poor numbers instead of the truth.

I remember Andrew - visited it to help about 90 minutes away - pictures do not do something like this justice.  You have to walk in it - and smell it.

 

 

Thu, 11/15/2012 - 10:05 | 2983674 topspinslicer
topspinslicer's picture

It's ok master obama is going to pardon the whitehouse turkey

Thu, 11/15/2012 - 10:49 | 2983888 JP McManus
JP McManus's picture

Some Japanese cattle won't be quite as lucky.

Thu, 11/15/2012 - 10:05 | 2983675 Urban Redneck
Urban Redneck's picture

Of cousre it's Bush's fault, he was just elect to a fourth term, matching FDR's statist record.

Thu, 11/15/2012 - 10:12 | 2983710 GMadScientist
GMadScientist's picture

And his first legit win!

Thu, 11/15/2012 - 10:10 | 2983680 drivenZ
drivenZ's picture

anyone remember what happened during katrina? oh right, initial claims spiked. 

 

since everyone here believes the data is rigged anyways why wouldnt the administration just fudge the number to 375k or something innocuous? bueller, bueller?

Thu, 11/15/2012 - 10:14 | 2983721 analyzer_66
analyzer_66's picture

its very easy to selectively rig data and the unemployment numbers have been bouncing all over the place all year, especially leading up the election.  If the BLS would simply stop making any and all seasonal "adjustments" to the numbers, a more accurate print would be possible but not probable.  Personally, I follow the shadow stats unemployment number and the U-6 rate. 

Thu, 11/15/2012 - 10:06 | 2983681 geoffr
geoffr's picture

I wonder if the start of the Obamacare layoffs are included in these numbers. My guess is that the bloodletting has only just begun.

Thu, 11/15/2012 - 10:06 | 2983683 Freewheelin Franklin
Freewheelin Franklin's picture

The weather is the last resort of a scoundrel.

 

- Nouriel Roubini  

 

Better get those HAARP generators working at near 100% capacity. This administration is going to need quite a few more "natural" disasters to maintain "legitimacy".

Thu, 11/15/2012 - 10:06 | 2983686 Winston Churchill
Winston Churchill's picture

A precursor of much worse to come.

All my clients are now going  Galt, and moving capital out of the USA.

A few were doing it before, now the rest are following suit.

FORWARD.

Thu, 11/15/2012 - 10:07 | 2983689 wagthetails
wagthetails's picture

But they told me disasters were good for the economy?  i guess they meant there is a lag...so i would assume jobless claims to decrease substantially over the next 3 months.  HOORAY!!!! 

Thu, 11/15/2012 - 10:10 | 2983702 Curt W
Curt W's picture

Laid off all those campaign people holding signs and knocking doors.

Thu, 11/15/2012 - 10:10 | 2983703 GeezerGeek
GeezerGeek's picture

The surge must be due to all those recently released campaign workers.

 

Thu, 11/15/2012 - 10:14 | 2983722 jeff314
jeff314's picture

just like the Cenus a few year ago...

Thu, 11/15/2012 - 10:12 | 2983713 brettd
brettd's picture

Clearly now in a depression.

Since it's officially Obamas, we'll call it:

The "O-Pression."

 

Thu, 11/15/2012 - 10:18 | 2983739 GMadScientist
GMadScientist's picture

Dial "O" for Oligarchy.

Thu, 11/15/2012 - 10:13 | 2983718 Ox
Ox's picture

Could it be that Krugman was wrong about broken windows?

 

Thu, 11/15/2012 - 10:19 | 2983745 GMadScientist
GMadScientist's picture

Depends. How fast can we train new glaciers?

Thu, 11/15/2012 - 10:56 | 2983807 Winston Churchill
Winston Churchill's picture

Good luck with that ,or did you mean glaziers ?

Thu, 11/15/2012 - 10:17 | 2983727 semperfi
semperfi's picture

Going per plan for The Kenyan Thug, who's plan is to "return the (USA's) wealth to its rightful owners", ie, the rest of the world who 'we've been ripping off for decades'.   Of course these numbers are yet again (as always) a LIE - too low.  Real unemployment rate ~24%.

Thu, 11/15/2012 - 10:20 | 2983750 GMadScientist
GMadScientist's picture

55T and counting. He must just suck at the redistribution part.

Thu, 11/15/2012 - 10:23 | 2983759 jplotinus
jplotinus's picture

Wait, Tylers, the main issue has been missed, and missed badly.

The ue claim spike follows hard on the heels of the Red State secession drive that prominently featured a threat of mass layoffs if Obama were selected over Romney. The election wasn't even close. Obama creamed Romney.

And, right after Rove failed to reverse the Ohio outcome on Fox, the previously announced layoff threats began.

Right here on ZH, a poster kindly started a list of company layoffs enabling us to know who to boycott and who to sue for possibly illegal political reprisals, not to mention the unpatriotic intentional damage to the economy caused by spite layoffs.

You know, the worst part of this oversight is that it lowers the quality of ZH analysis to the Fox level.

The worst part of laying off people as a form of political protest is that it raises the question of how far are people willing to go to establish hegemony of Republicrats over Democricans and verse vicea?

A better perspective would have been one analyzing the effect of election reprisal, not Sandy.

Furthermore, when at a later date Republicrats blame Obama for job losses, it would be easier to dig out from the memory hole the fact that the layoffs result not from Obama's policies, but are the result of intentional infliction of economic harm based on political reprisal.

If I were a Republicrat, I'd think twice before trying to get away with that crap.

Too bad ZHers didn't see their way clear to making this connection without the need for my help.

You're welcome, bitchez

Thu, 11/15/2012 - 10:36 | 2983821 Gimp
Gimp's picture

Like all arguments please introduce facts to support your thesis.

I am in business and the climate was bad before Obama was re-elected, after the election business sees nothing new on the horizon.

The FORWARD movement may encourage the socialist but not the captialist. 

More regulation and taxes will  speed up the departure of businesses to far away and friendlier locations - see Europe for future Socialist Utopia.

 

 

 

Thu, 11/15/2012 - 10:37 | 2983836 nodhannum
nodhannum's picture

So you got bored over at the DU and decided to come over here.

Thu, 11/15/2012 - 10:41 | 2983857 fuu
fuu's picture

So you've developed a foil for your other puppet MDB_?

Thu, 11/15/2012 - 11:14 | 2984007 adr
adr's picture

Rove had the right numbers on Ohio. What he didn't have were the 250k+ fake ballots stuffed into Cuyahoga County boxes by poll workers. He also didn't know about the thousands of ballots from Republican leaning precincts that went missing.

The Harry Reid Nevada Miracle was the test run for Operation Obama 2012. Voter fraud hit new highs this time.

I don't know how else to explain a tax levy that was shot down by a vote greater than 25% six time in a row somehow passing by 1% this time. It was pretty obvious that a whole lot of votes weren't counted. I find it hard to believe you could reverse over 25% of the vote in one year.

Now everyone with a home has to pay an extra $40 a month for the "Children's Services" for ghetto blacks. The system was running low on cash after the property taxes dried up and the wave of massive forclosures. For the past three years we voted the tax increase down, yet somehow this time it passes with the lowest total vote cast for that initiative yet.

Thu, 11/15/2012 - 11:23 | 2984067 dexter_morgan
dexter_morgan's picture

Yeah, good thing you straightened us out comrade. si se puede!

Thu, 11/15/2012 - 11:40 | 2984151 De minimus
De minimus's picture

I'd call you an idiot but then we both know who and what you really are.   laugh while you can.

Thu, 11/15/2012 - 11:56 | 2984225 takinthehighway
takinthehighway's picture

Uh...

...apparently you've forgotten about the defense contractors which were going to lay off workers in October...until Obama told them that the gov't would pay their penalties if they waited until after the election...

...plus, 49 of the 50 states have filed secession petitions, so I'm reasonably sure that covers a few "blue" states...

...but don't let facts get in the way of your partisan rant.

Thu, 11/15/2012 - 17:58 | 2985812 Totentänzerlied
Totentänzerlied's picture

"The worst part of laying off people as a form of political protest"

Congratulations on completely failing to understand why business owners would make decisions in reaction to real-world political events. Not like there's any relationship, right?

"enabling us to know who to boycott and who to sue for possibly illegal political reprisals, not to mention the unpatriotic intentional damage to the economy caused by spite layoffs."

Oh cry me a fucking river. "Sue for illegal political reprisals"? Give me a fucking break, do you totally lack any understanding of the concept of private property? If I want to fire my employees and my contract with them permits it, that is nobody else's business but ours. You seem to think people should not have to face the consequences of their moronic political actions, in this case destroying the real economy but expecting to keep their jobs. Good luck with that.

And just for kicks, please tell me which is more "unpatriotic" - a man running his business and having to make tough choices in order to make a living - and provide a valuable product or service to his customers without whom he'd be broke and jobless, or a scumbag progressive voter with a gigantic ego and a bleeding heart who believes it his rightful duty to dictate the businessmen and in general do everything in his power to run them into insolvency and destitution. Obviously there is no connection between voting for president a man who promises massive economic destruction and the sorry state of your employer's business which eventually compels your layoff - the notion is just insane, right, because actions have no negative consequences, ever, right?

"it would be easier to dig out from the memory hole the fact that the layoffs result not from Obama's policies, but are the result of intentional infliction of economic harm based on political reprisal."

This is absurd and absurdly stupid. You have obviously never operated a business. You are claiming that all these malicious businessmen are so incredibly stupid that they are willingly depriving themselves and their employees of their livelihoods as a mere useless political gesture. Just how stupid do you take the readers of your words to be? You expect me to believe that there is absolutely no way that a businessman, recognizing how awful economic conditions are, might react to them - in a way which you, an economic ignoramus, don't particularly like. And you think it impossible that said businessman, busy as he is operating his business in this environment, would never take note of the correlation between the state of his business and its market and the holder of the office of President of the United States, a person who routinely proclaims an authority and intention to influence the economy.

If I were you, I'd think once before penning such an asinine apologetic on behalf of your Obamessiah again.

Too bad you couldn't see that someone like me was on the way to eviscerate your ignorant drivel.

Thu, 11/15/2012 - 10:21 | 2983760 Boilermaker
Boilermaker's picture

ES says..."I don't give a sh!t"

Thu, 11/15/2012 - 10:23 | 2983780 youngman
youngman's picture

and don´t forget the ones who will collect unemployment for the full 99 weeks..but still have a job or two....under the table of course...as paying taxes is only for the 2% now..that is what Obama told them...

And for shedding a tear for people who live on a beach and never think a storm will affect them....oh well

Thu, 11/15/2012 - 10:34 | 2983824 adamas
adamas's picture

funny... if initial claims had fallen below expectations gold would have dropped $50 in two minutes, when its obvious CTRL-P is in the offing and a huge miss on initial claims gold wobbles and weebles , the banksters must be trying to hold the beach ball underwater... it will rise majestically soon

Thu, 11/15/2012 - 10:40 | 2983852 Boilermaker
Boilermaker's picture

OK, here comes the FED.

Time to corn hole the market higher today...no bullshitting today.  Hit the gas!

Strap yourselves in...it's full throttle time!

Thu, 11/15/2012 - 10:56 | 2983907 surf0766
surf0766's picture

FORWARD COMRADES  !!!!!!!

Thu, 11/15/2012 - 11:20 | 2984049 dexter_morgan
dexter_morgan's picture

si se puede!

Thu, 11/15/2012 - 10:55 | 2983908 Cassandra Syndrome
Cassandra Syndrome's picture

And not one mention of this on the Diazepam Bloomberg home page. Muppets.

Thu, 11/15/2012 - 11:00 | 2983934 james larson
james larson's picture

In the report we notice the Sandy effects.  OK.  We get that.

The most curious statement in retrospect

 

OH +6,450   Layoffs in the automobile and manufacturing industries.

 

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