Initial Claims Misses By Most Since Sandy, Reverts To 2012 Average

Tyler Durden's picture


It would seem initial claims can be summed for 2012 in one word, 'average'. This last print of 2012 was almost perfectly at 2012's average of 372, the biggest miss since the first week of November and the Sandy disturbance. Notably, last week's print was revised higher (after 19 states failed to report and were 'guessed at) by 12k jobs to 362k having now risen for 3 weeks in a row (on a seasonally adjusted basis). When we scratch below the surface at non-seasonally-adjusted the numbers are much more concerning than a rampaging equity market would care to note, NSA initial claims rose 40,459 to 495,588 on the week. Ohio, Michigan, and Pennsylvania saw the biggest rises in claims while California dominated the drop in claims (by state) down 11,789. 73k Americans lost Extended Unemployment Benefits in the week ended December 15th.


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Thu, 01/03/2013 - 09:41 | 3118263 firstdivision
firstdivision's picture

Also MBA apps was pretty shitty to put it bluntly.

Thu, 01/03/2013 - 11:53 | 3118730 Snakeeyes
Snakeeyes's picture

MBA applications alway are lousy at year end. Let's see what happens next week ... when people realize that their pay is down 2% AND they start paying Obamacare taxes (like the 2.3% Medical Device Excise Tax).

Thu, 01/03/2013 - 09:47 | 3118269 otto skorzeny
otto skorzeny's picture

IL's unemployment #s will rise after all of the gunmakers move out of the state after today's gungrab laws are passed in a lame-duck state senate session.

Thu, 01/03/2013 - 09:55 | 3118306 firstdivision
firstdivision's picture

Yes, just like Jack Daniel's GTFO of Moore County.....oh wait

Thu, 01/03/2013 - 09:48 | 3118274 Stoploss
Stoploss's picture

Ha, ha. Math, it's a bitch..

Thu, 01/03/2013 - 09:53 | 3118298 Water Is Wet
Water Is Wet's picture

Must be why it got dumped 4+ years ago.

Thu, 01/03/2013 - 09:55 | 3118305 otto skorzeny
otto skorzeny's picture

it hurts my head-i like to keep it lite w/ shit like which fat-assed Hollywood whore is getting knocked up by some has-been rapper shine to produce a lil' half-n-halfer

Thu, 01/03/2013 - 10:47 | 3118493 GMadScientist
GMadScientist's picture

Say what you will, mixed race kids are always beautiful...Mother Nature loves mutts.

That's one way to address Trav's obsession with IQ distributions: match high IQ people with low IQ folks until it averages out!


Thu, 01/03/2013 - 11:31 | 3118640 DosZap
DosZap's picture

Say what you will, mixed race kids are always beautiful...Mother Nature loves mutts.

 Obywan you think he's bootiful?.Where I come from they are Mulatto's.

Thu, 01/03/2013 - 09:50 | 3118284 AU5K
AU5K's picture

kind of ironic that 73k losing unemployment benefits is mathematically the same as creating 73k jobs for the NFP unemployment rate calculation.  #winning!

Thu, 01/03/2013 - 09:57 | 3118314 Joe Davola
Joe Davola's picture

PA losing mining jobs due to tightened regs on coal fired electric generation.

Thu, 01/03/2013 - 10:01 | 3118322 SheepDog-One
SheepDog-One's picture

OMFG all is well slaves! Buy stawks like massa do!!

Thu, 01/03/2013 - 10:03 | 3118328 Water Is Wet
Water Is Wet's picture

The profit-to-earnings ratio looks more gooder.

Thu, 01/03/2013 - 10:04 | 3118338 tom a taxpayer
tom a taxpayer's picture

Paging Charles Biderman!

Paging Charles Biderman! 

Thu, 01/03/2013 - 10:25 | 3118396 adr
adr's picture

seasonal  wage slaves are fired at the end of the first week of January. Funny thing is most are part time and not eligible for unemployment. The jobs are always credited for gains but the past four years, seem to never make it into the jobs lost category when they are gone.

Average retail hours per employee, outside managers, have been cut to less than 14 per week. 14 hours at an average of $9 an hour can't buy a lot of iCrap.

Thu, 01/03/2013 - 10:27 | 3118404 asteroids
asteroids's picture

Amerika is screwed. After 4 years of Obozo, this is the best he could do eh? No real jobs, just propaganda.

Thu, 01/03/2013 - 10:41 | 3118463 sessinpo
sessinpo's picture

Thread exposing where to get the cheapest blowjobs.


Coming to a state near you.

Thu, 01/03/2013 - 10:48 | 3118497 GMadScientist
GMadScientist's picture

Couldn't you just link a google map to your house instead?

Thu, 01/03/2013 - 11:04 | 3118557 SilverDOG
SilverDOG's picture

Undoubtedly, you already have.

Thu, 01/03/2013 - 12:05 | 3118769 GMadScientist
GMadScientist's picture

You're right; I GPS tracked you there and to the VD clinic.

Sorry to hear about your herpes diagnosis. :(

Thu, 01/03/2013 - 11:00 | 3118541 Hohum
Hohum's picture

NSA claims going up the week after Xmas is irrelevant.  NSA claims YOY down 45K.  If that's a legitimate number, we're not at crisis yet.

Thu, 01/03/2013 - 11:19 | 3118605 papaswamp
papaswamp's picture

But but ADP says there were only 580,000 layoffs for the whole year, how can there be 495,000 (NSA) in one week? I'm so confuzzled...

Either ADP is literally making shit up...or over a million people are collect new UE claims every month that shouldn't be.

Thu, 01/03/2013 - 11:33 | 3118646 DosZap
DosZap's picture

Either ADP is literally making shit up...or over a million people are collect new UE claims every month that shouldn't be.

Yep, exactly what they are doing, just like the BLS,and the CBO, have not hit one NUMBER that has not been corrected.

And Flat out lie on inflation and UE.

Thu, 01/03/2013 - 11:49 | 3118708 Curt W
Curt W's picture

When searching Yahoo news for initial claims, Zerohedge story was the 4th one listed.

Do NOT follow this link or you will be banned from the site!