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Initial Claims Snoozer, Just Higher Than Expected
In perhaps the most boring initial claims release in a long time, the DOL revealed that in the week ending April 13, there were 352,000 new unemployment insurance claims, an increase of 4,000 from the prior week (naturally revised higher from 346K to 348K), and a slight miss of expectations of 350K. So far in 2013, there have been 8 misses and 7 beats of the expected claims number. The DOL also added that two states' claims were estimated in the past week: of course, if these were California and Illinois, one would imagine reality to be quite different than what is reported but who really cares about reality any more.
Continuing claims were slightly better than expected, at 3068K, vs 3075K expected, a drop from the upward revised 3103K (from 3079K). Also boring. The only ongoing curiosity remains the epic weekly volatility in the Emergency/Extended Claims number, which in the past week plunged by 55K, and whose chart continues to look like a harmonic oscilator, i.e., yoyo.
Finally, normalizing for the now traditional revision of the past week's number, here is what a continuous series of claims would look like courtesy of John Lohman, if using the as reported weekly number versus its subsequent weekly downward revision.
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Doesn't matter, pms still got dumped.
I love boring.
The MSM is reporting that the job market has stabilized! WTF does that mean?
why was the saudi national deported ASAP?
<==He couldn't find a job and his green card had expired
<==He found Obummers birth certificate
DaddyO
http://www.theblaze.com/stories/2013/04/18/report-saudi-national-ruled-out-as-suspect-in-boston-marathon-bombings-to-be-deported-on-national-security-grounds-next-week/
Why did obama have a non public, non scheduled meeting with the saudi's right after the Boston thing...?
I wondered the same and came to the conclusion that the photos being circulated by the FBI show perps of middle eastern decent. Obama had to tell the Saudis that it was not a right wing white extremist who packed the pressure cookers and they better batten down the hatches for the fallout.
DaddyO
No holes in pressure cooker walls,...(you decide)
https://www.youtube.com/watch?v=AE480YxCtbo
Clearly what we need is a background check for pressure cooker buyers.
Those clearly ex sprec operators, then Company men , didn't need to worry about
background checks.Wonder where they are now buried ?
Loose ends once those photos got out.
I see a unicorn in that last chart.
What are you waiting for? Shoot it!
Lay off the pixie dust in the AM.
Call me crazy, but these charts really look bullish.
KRUGMAN!!!!!!!!!!!
Approaching 5 years of money pumping trillions of dollars, in various forms, and claims are still over 350,000?? I know!!! Let's keep doing the same thing!! Maybe it will work this year!! F'n morons.
Just think what would have happened if the FED gave the money to taxpayers instead of banks. All of us could have loaned it to our banks... (sarc)
I personally would love to go to the FED window and borrow a billion or two.