Initial Claims Flatline Despite NY And Penn. Getting 'Back To Work'

Tyler Durden's picture

It seems some sense of normality has returned to the initial claims numbers, if that could ever be the case, as NY and Penn saw initial claims  drop 11,295 and 11,247 respectively this week. However, this 22,000-plus improvement was not enough to stall the rest of the nation as we saw a 17,000 rise in initial claims over last month. This week's data remains below the year's average, though not by much, and the trend of claims falling appears to have almost entirely stalled this year from the hope-driven moves of the previous two years.



Chart: Bloomberg

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
GetZeeGold's picture



Not working if you not in the Union......just sayin.

Stoploss's picture

We're simply reaching the point where companies are running out of people to fire.

Naturally that will bring down the claims numbers.

So, they celebrate, when in reality it is the absolute worst thing that could possibly be happening right now in this country. (What's left of it)

EU is on their own now, we have a constitutional crisis we have to deal with.

Taterboy's picture

People probably got laid off because the world ends today. Let's call it the "Mayan effect"

insanelysane's picture

If the world ends, do I still get my severance pay?

GetZeeGold's picture



I don't think anyone is really going to mind it.

pods's picture

85 xxtra large a month in gravy will employ a lot of Bollinger shippers?


Shizzmoney's picture

When does this bullshit end, seriously?

asteroids's picture

The only numbers that matter are the "employment" rate and the number of people on food stamps. No Merry Christmas for a lot of folks.

Hohum's picture

State figures are for the week ending 12/8, not 12/15.  You have to edit this article.