We've Seen This Jobs Movie Before

Tyler Durden's picture

Presented with little comment aside to note that with all eyes squarely focused on this Friday's payroll data (and today's ADP and claims), it is worth reminiscing of the hope that we felt in 2006 and 2007 when it was "different this time" and the divergence between a plummeting ISM employment index and non-farm-payrolls meant nothing...




(h/t Brad Wishak at NewEdge)

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B2u's picture

Why this story?  So what if it involves facts and makes sense.  I thought the only news was about Zimmerman. 

GetZeeGold's picture



Before that it was Jodi Arias.


Fine with me....just as long as we don't have to talk about the economy which hasn't been addressed in the last 5 years....and the train-wreck which is Obamacare and amnesty that will put the final dagger in our nation forever.


It's all about priorities.....and you're not a part of that.

ihedgemyhedges's picture

Well apparently CNBC needs to cover something else, not to mention firing the whole damned on air crew.....


NoDebt's picture

The hard truth is, the time I spend on ZH comes directly at the expense of time I used to spend watching CNBC.  I know I am not representative of most CNBC viewers, but there are so many better avenues available today.

RockyRacoon's picture

Better link:


I see Kudlow was down the most at 40% and 60%.  When will they boot that fool out to the sidewalk?  I hope he's got lotsa gold stashed for early retirement.

Mad Money down 39% and 50%.... no more needs to be said.

tango's picture

I don't care.  I like Larry.  He's predictable and many times a lonely voice in the wilderness.  I know, I know, he does not pass the ideological purity test (like 99.999999% of folks) but compared to Cramer or some of the other talking heads - there's no comparison.  He keeps hammering away at the debt and deficit, Obamacare, the overreach of the FED, the myriad scandals, he likes PM, talks about the need for saving and praises Ron Paul. That may not be enough for a true believer but it's fine with me.     

Harking back to a previous post where I noted that anyone we think is not in total agreement with the ZH agend is dismissed as an evil traitor, fool or conspirator  we make do with what we have.   I'll take Larry and his sometimes excellect guests over the Kardashians, MSNBC or the dumb bunnies at FOX "Business" any day of the week.   

Colonel Klink's picture

But....but....this time is different!


Silverhog's picture

Price of oil climbing this summer will throw our muddy half ass recovery under the bus again. 

NoDebt's picture

Does have some eerie similarities, doesn't it?

neidermeyer's picture

Oil , sure ... lets bump the price of gas just as tens of millions of Americans now have to drive MORE since they are dragging their asses to two part time jobs thanks to Obamacare.

buzzsaw99's picture

the maggots are again having a fine time cashing in their personal stock options for top $ so it's all good [/sarc.]

tango's picture

Many companies (like Walgreen for example) have programs where employees can buy stock options - it's not just for the BIg Guy anymore. Of course, you have to first decide to save and plan so that you don't sell them before the sale date.  One problem is that many folks do not even contribute to a plan in which the company matches - they just "can't afford it" yet somehow they are going to retire without any savings.   I don't get it.   

MyBrothersKeeper's picture


Auto/Truck sales on highest pace since 2007

but mortgage applications dropped 12% last week

GetZeeGold's picture



Gotta have a truck to haul stuff from the house to the trailer.

AngryGerman's picture

you can live in your car, too

Go Tribe's picture

Yes, LOL. Cars payments = mortgage payments.

aint no fortunate son's picture

just as soon as this phonied-up housing "recovery" started hitting the news people with any kind of home equity started doing what they do best - buying shit with HELOC's

Wile-E-Coyote's picture

What do they say, history never repeats but it rhymes, I can name that tune in one.

jmac2013's picture

Why the ZH obsession with jobs?  It has nothing to do with stocks, bonds, or any other "markets".  I'd say it has very little to do with the "economy" either.  Completely useless statistic, even if the data given can be trusted.

GetZeeGold's picture



Word up dawg......that working stuff is for suckers!

sbenard's picture

Yea! Who needs jobs? Who needs an economy? We have PRINTED prosperity now!

Clowns on Acid's picture

Yeh right jmac - The Fed has turned the equities market into a Snap card for the middle class, now that they ave maxed out their home equity loans.....

Who needs a job ?

Shizzmoney's picture


Why the ZH obsession with jobs?

It's really Wall Street's obsession with jobs because it relates to the taper........I don't think people realize that the Fed will keep printing, but it's at what LEVEL they keep printing, which determines whether the DJIA/SP goes higher/lower.  And how ANY taper in 2014 after QE4EVA could set off a bond massacre of lulzy proportions.

Good job news = more likely to taper some of QE.  ZH is interested in this, like all lovers of liberty, because we want this thing to blow.  "Increasing" employment = more taper talk.  We want this thing to prove that this entire thing is all a sham, the economy is still in a depressed state, and that despite the "improved" job "numbers", that the "recovery" is all bullshit, especially where it actually counts for 70% of Americans: the Labor Market.

Employment is NOT good for stock markets.  The S&P increased YOD by 12% with 9+% unemployment; 3-4% when it was at 5% unemployment. 

It's going to be pretty fucking funny to see those scratch their heads when the DJIA crashes despite
employment" being under 7% (which is projected by 2015).  Remember, in 2008, employment was at about 5.5-6.3% when the thing blew.

If you want this thing to crash......root for good employment numbers.  We all know its bullshit because unlike the assholes who "report" on "data" showing the "situation is improving".......we actually have friends who try to get work, who get paid shit, who can only find temp jobs and hate their careers (while their taxes get raised).

Main Street will only thrive when Wall Street dies. 

sbenard's picture

But this time really IS different! It just HAS to be!

Wow that hopium sure is strong stuff!

Caveman93's picture

I quit my job on Friday...whoops.

andrewp111's picture

A lot depends on whether the green line rolls over before or after the Midterm election.

Goggles Pisano's picture

More QE......BTFD.

overmedicatedundersexed's picture

with a robust jobs economy we need millions of workers - since we abort our own we import what we can't birth.