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Jobless Claims Beat For 5th Week In A Row But Continuing Claims Surge Most In 11 Months

Tyler Durden's picture




 

While all other government data releases are halted, the DOL has been kind enough to keep its Initial Claims random number generator running, and this week, following several weeks of "computer system update" distortions, reported the fifth consecutive week of expectations beats with a print of 308K, below the 315K expected, but above the upward revised 307K from last week. Alas, the number is once again completely meaningless as the DOL said Federal furloughs will not show up in claims data, which means that all of the up to 800,000 newly filing government workers will remain completely under the radar, and forcing even more people to wonder just what is the utility of any government data, even when the government is generous enough to not be shut down. Equities did not move at all on the news but gold and bonds are rallying.

5th week in a row of beats for initial claims...

 

Of note: continuing claims missed expectations by the most in 3 months with the biggest week to week rise in 11 months.

 

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Thu, 10/03/2013 - 08:44 | 4017855 LetThemEatRand
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In other news, the DOL has also officially announced its agreement with Kim John Il's claim that he invented the hamburger.  http://www.buzzfeed.com/daves4/20-ridiculous-things-you-never-knew-about-kim-jong.  This claim is expected to be adjusted in future announcements.

Thu, 10/03/2013 - 08:53 | 4017884 Motorhead
Motorhead's picture

And now Dennis Rodman is paying the Dear Fat-so visits.  I guess one of the two need to leave a legacy.

Thu, 10/03/2013 - 09:02 | 4017921 SoilMyselfRotten
SoilMyselfRotten's picture

So, did anyone else catch Bart Shillton on Bloomberg this morning? Only caught the tail end so didn't see if he addressed metals manipulation as he promised. And no, im not holding my breath.

Thu, 10/03/2013 - 09:05 | 4017925 Motorhead
Motorhead's picture

I did not...we'll have to wait for the video clips to hit the Web, but I fear it'll be a waste of time.  He is a shill and a chump.

Thu, 10/03/2013 - 09:11 | 4017940 replaceme
replaceme's picture

Presstitutes is the new, hep word.  Fitting.

Thu, 10/03/2013 - 09:23 | 4017988 LetThemEatRand
LetThemEatRand's picture

Gerald Celente actually came up with that one.

Thu, 10/03/2013 - 09:12 | 4017948 Oracle of Kypseli
Oracle of Kypseli's picture

Finally, we have sold everything and are headed for the high seas. We will be incommunicado for a while until we either run aground or get sick of sailing. 

First stop Gibraltar

Thu, 10/03/2013 - 08:44 | 4017856 SilverIsMoney
SilverIsMoney's picture

Gold is down...

Thu, 10/03/2013 - 09:00 | 4017914 Motorhead
Motorhead's picture

Time for the King World News/Jim Sinclair crowd to start pumping gold & silver again (as if they'd ever stopped).  Obviously massive manipulation.  Obviously.  Oh, and the Chinese just keep buying.  Yeah, that's why the price/trend is down, yeah, yeah.

Thu, 10/03/2013 - 09:09 | 4017936 Mr. Magoo
Mr. Magoo's picture

Does it really matter anymore with PM,s we all know the price is manipulated and fictional. So when the bottom drops out we know who will be better off

Thu, 10/03/2013 - 09:31 | 4018015 SilverIsMoney
SilverIsMoney's picture

My point is the article is wrong.

Thu, 10/03/2013 - 08:44 | 4017857 John Law Lives
John Law Lives's picture

"...the DOL has been kind enough to keep its Initial Claims random number generator running..."

And Chairsatan keeps the printing press running...

Thu, 10/03/2013 - 09:02 | 4017918 WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture

And how many Sheeple believe this number and also to boot the fact that most "real" new hires are p/t and under $10.00/hr and probably closer to min wage.  Oh, I forgot throw in gas and you are "Serfin' USSA" ! All you Bitchez and Fishez Yeehaw.

Thu, 10/03/2013 - 08:44 | 4017861 fonzannoon
fonzannoon's picture

Bullion is bid? Sometimes this place is just as insane as everywhere else.

Down $14 is bid? Come on...

Thu, 10/03/2013 - 08:59 | 4017873 GetZeeGold
GetZeeGold's picture

 

 

Keep your eye on it......it's shifty!

Thu, 10/03/2013 - 08:49 | 4017872 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Off topic but humor or not for the day.

Actual Obamacare National Hotline directly from the Succubelius' mouth herself.

https://www.youtube.com/watch?feature=player_embedded&v=Gx_nu5WDYR8

1-800-318-2596

1-800 F1U-CKYO

or in plain english 1800 fuck you.

Thu, 10/03/2013 - 08:53 | 4017880 Bobbyrib
Bobbyrib's picture

It's seasonally adjusted. /sarcasm.

Thu, 10/03/2013 - 08:59 | 4017903 Motorhead
Motorhead's picture

Hard to believe there wasn't some bad weather somewhere in the states.

Thu, 10/03/2013 - 09:04 | 4017922 GetZeeGold
GetZeeGold's picture

 

 

I checked earlier.....looks pretty crappy in Iowa this morning. Who cares.....that's flyover country. No one is headed there until the primaries start up again.

Thu, 10/03/2013 - 09:13 | 4017947 Mr. Magoo
Mr. Magoo's picture

This surely has nothing to with the upcoming holiday season and now that part time jobs are counted as well

Thu, 10/03/2013 - 08:57 | 4017893 involuntarilybirthed
involuntarilybirthed's picture

As good as it gets.  The best of times are behind us.  In the rear view mirror you can see a proud industrious nation with free people both devolving into hopelessness. 

Thu, 10/03/2013 - 08:58 | 4017901 Ness.
Ness.'s picture

(US) US Treasury: Interest rates could surge and the fallout could be felt globally - report on debt-ceiling impasse- US default has potential to be catastrophic...

 

...and equity futures spike higher.  This is so fucked up.  

Thu, 10/03/2013 - 08:58 | 4017902 thismarketisrigged
thismarketisrigged's picture

mother fucking futures are mother fucking green.

 

this shit is so fucking absurd, i dont know what to say.

 

get ready for another fucking 70 plus day on the dow based on absolute shit.

 

of course u have cramer talking up markets now how warren buffet is a genious and he trusts him over any politician.

 

dear obama, bernanke and all fucking bankers, go fucking swim with crocodiles. being hung would be to quick.

Thu, 10/03/2013 - 09:01 | 4017916 SheepDog-One
SheepDog-One's picture

Right, where's all the 'scary stuff' happening due to gooberment shutdown we were so warned about? Nowhere. Skynet is sentient and runs this shitshow now. CME can hike margins to 50% and it won't make any difference....cyborgs don't give a fuck.

Thu, 10/03/2013 - 09:04 | 4017924 GetZeeGold
GetZeeGold's picture

 

 

Obama foiled again?

Thu, 10/03/2013 - 09:09 | 4017933 thismarketisrigged
thismarketisrigged's picture

until bernanke is fucking erased, nothing fundementally matters.

 

this asshole will still fucking do his pomo at 10 am to push markets into the green, or further green if already green.

 

its so fucking obvious and yet after so many years, this asshole is allowed to do this.

 

when was the last time we actually had a real sell off? i mean like high volume, panic selling?

 

2011 was the last time we did. pathetic.

Thu, 10/03/2013 - 09:12 | 4017937 fonzannoon
fonzannoon's picture

Bernanke is just a cog in the wheel.

Thu, 10/03/2013 - 09:08 | 4017930 Motorhead
Motorhead's picture

Obvious manipulation.

Thu, 10/03/2013 - 09:03 | 4017904 SheepDog-One
SheepDog-One's picture

'Random number generator' LOL indeed.....the computer that generates these numbers is also assembling T-1 Terminator units on the weekends. 

Watch out.

Thu, 10/03/2013 - 09:00 | 4017907 Caviar Emptor
Caviar Emptor's picture

Breaking: tea party proposes to re-open government as part time for minimum wage with no benefits

Thu, 10/03/2013 - 09:13 | 4017945 WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture

Can we throw in MIC, Banksters and K Street too?

Thu, 10/03/2013 - 08:59 | 4017910 Pig Circus
Pig Circus's picture

And there rallies the futures. Man it's just a farce... day after dau after day.

Thu, 10/03/2013 - 09:06 | 4017928 SheepDog-One
SheepDog-One's picture

Yea and on the last post about the CME margin hikes everyone said 'OOoo here they go takin down the markets now!'

Pffft yea sure....tell me about it when any equity index is even -5% from all-time bubble record highs, until then I'm out on the jetty flounder fishing.

Thu, 10/03/2013 - 09:11 | 4017939 Bosch
Bosch's picture

Fuck, now I'm back to rooting for the market to go up again just to spite 0bama. 

Thu, 10/03/2013 - 09:25 | 4017996 toady
toady's picture

"...completely meaningless as the DOL said Federal furloughs will not show up in claims data, which means that all of the up to 800,000 newly filing government workers will remain completely under the radar...."

I was wondering how they would hide the new .gov unemployed. Going with the hide-in-plain-sight this time.

Nice!

Thu, 10/03/2013 - 09:35 | 4018025 NoDebt
NoDebt's picture

They're not fired or laid-off.  They're furloughed.  It's like.... different, see?

 

Thu, 10/03/2013 - 09:59 | 4018091 toady
toady's picture

The interweb musta been busy the other day with all the folks signing up for unemployment and ACA at the same time.

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