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"Idiotic" Initial Claims "Rise Above" As Made Up California Numbers Continue Trickling In
Yesterday, before the inevitable House denouement, we had a prophetic observation:
No matter what happens tonight, tomorrow's initial claims number will still be idiotic
— zerohedge (@zerohedge) October 16, 2013
They sure were...
Moments ago the DOL, announced that in the week ending October 12, there were some 358K initial claims filed, a drop from last week's ridiculous 374K, but well above expectations of 335K. Of course, expectations no longer matter because as the DOL was also kind enough to observe, the agency, for the 6th consecutive week, is unable to conclude the California computer upgrade backlog, and is still working through it, although we now know that in the last week there was an increase of 33,654 claims which reflects a "backlog of claims which could not be processed previously." This farce continues.
The DOL added that:
As a result of the lapse in federal appropriations, initial claims for UI benefits filed by former Federal civilian employees (UCFE) totaled 70,068 in the week ending October 5, an increase of 68,677 from the prior week. The states with the highest number of UCFE claims were Maryland (17,368), Texas (7,191), Pennsylvania (4,416), Utah (3,978) and Washington (3,380). There were 3,382 initial claims filed by newly discharged veterans, an increase of 1,285 from the preceding week.
There were 19,586 former Federal civilian employees claiming UI benefits for the week ending September 28, a decrease of 334 from the previous week. Newly discharged veterans claiming benefits totaled 34,934, an increase of 3,293 from the prior week.
We have some bad news for all those Federal civilians who filed for claims previously: those claims will now have to be refunded. Of course, it is not like anyone expected that to happen...
The DOL also said that it cannot really estimate how many non-federal workers filed claims and that non-federal workers claims were "probably" less than 15,000.
In the meantime, the market "probably" no longer even gives a rat's ass about what is openly made up and laughable DOL data has become.
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Wake me when the revisions hit.
I think you're being very hard on these people. I'm sure they work really hard to get these figures as accurate as they can so that they can justify the ridiculous government pension waiting for them and so that they don't feel that they're taking something for nothing when they get paid.
Have a heart eh......
Everything the government touches turns to shit.
The house STENOGRAPHER rants about the Freemasons?!?!
http://www.dailymail.co.uk/news/article-2464079/House-stenographer-start...
Hilarious. Quote from the article: 'He will not be mocked. He will not be mocked- don't touch me- He will not be mocked,' she said."
Gotta get that disability retirement while the gettin's good. ;-).
Manchurian biobot failure.
Happens to news readers sometimes too.
That shit is hilarious when it happens... haven't seen one in a while actually.
Must've improved the training.
https://www.youtube.com/watch?v=2rWmpgWHG_0
The Govmint is back open for business so where are the fucking numbers for September???
Ah, the fucking slaves on the hedge strike again. They laugh at the made up numbers, but they use the MSM to explain crazy shit on the house floor. I can see the struggle in their minds. This is made up, this is accurate, this is made up, this is accurate. Cognitive dissonance takes its toll. Everytime I find a glimmer of hope, the slaves destroy it. Down the rabbit hole, and don't come up until you believe six impossible things before breakfast.
wake me when the revolution hits.
Shitty revisions to shitty numbers are still shitty.
they will tuck it into the annual revision, so don't hold your breath
Right, they will give the benefits back, just more gaming of the "system"
I give a rat's ass, these numbers are a valuable resource for my economic numbers drinking game.
Fantasy Highball ?
More like fantasy 8-ball....
No credibility with Hussien in office. Get this trash out!
Yea, get out or there's hell to pay.
We don't need jobs, we got FED.
"We don't need jobs, we got FED."
You'll get "FED" until the EBT Card goes in meltdown mode.
You should have picked your own Cotton guys......
It is our civil duty to respond giddily to made up numbers. If it weren't for those made up numbers, we might be in a depression.
DOL..Dept of Liars..wait..that includes the entire .gov!
Do the assholes that work at the DOL at least LOOK guilty when they get their weekly paycheck? I mean isn't that theft??
Of course not. They are 'entitled' to it.
Do they at least look guilty.. my that's rich.
The Department of Labor (DOL) FY 2014 request is $12.1 billion in discretionary budget authority and 17,450 full-time equivalent employees (FTE). The FY 2014 budget request fully supports the vision of
good jobs for everyone....
http://www.dol.gov/dol/budget/2014/PDF/FY2014BIB.pdf
So much for so little. This Dept can go.
Now they can concentrate on running the 10 year which is at new price highs from this summers lows. Got to hand it to these Fascist cunts they have it all under control unil they don't. Wake me in five years.
Why would they allow Federal workers to even submit a claim if they knew each would receive backpay once the shutdown was over? And how exactly are these "refunded?" I have doubts that $ will ever be returned by each Federal worker who received UI benefits for those few weeks. More free handouts, not to mention a pretty nice paid vacation.
All we need to know is that the 1/2 life for 50 million unfed "Free Shit Army" troops(before they turn into the Walking Dead) is under 24hrs.
* Per the XEROX test over the weekend.
The Gubmint dart board is looking rather used these days, and the 3 monkeys playing haven't been sober for at least 3 years.
The drop must of been the people that volunteered to mow the federal parks....that was quite a few....or it was the barricade companies hiring new employees for the new demand...or the Mic stand companies for the increase in demand....all the politicians wanted one ...
it's all about confidence. As long as unemployment looks better and the Dow stays high, people will continue to buy houses, cars and new kitchens. Whenever reality hits, consumers will stop purchasing and the death spiral begins. I'm not agreeing with the lying or market pumping, but it is effective. Zero Hedge readers are in the minutely small minority of Americans who have any clue what is really going on.
One lie just needs to another lie.
Lying statistics is not the way to run a Government.
Gold "Rises Above" on media destruction of opposition party.
http://www.wcvarones.com/2013/10/gold-is-happy.html
OT, but has anyone from the ZH world seen this one? If you are tuned in, this is not a surprise, but can anyone confirm? Bail-ins may be coming sooner than most have thought...
http://joemiller.us/2013/10/chase-bank-limits-cash-withdrawals-bans-international-wire-transfers-video/?utm_source=JoeMiller.US+List&utm_campaign=eba6587c2d-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_065b6c381c-eba6587c2d-230813253
Maybe they screwed up and scheduled an October Surprise in a non-election year?
A faint whiff of Cyprus in the air?
The Government made me do it.....
DOL math: 7 x 13 = 28
Well, there's more to it:....as published prior to the announcement on EA
Jobless Claims 17-Oct 8:30 AM ET 374 K 385 K330 K
301 K to 360 K
n/a Early Announcement Vs. Concensus Forcast n/a Social Tape AnalyticsPlease note that the US Gov is tallying separetely the Initial Jobless Claims submitted by Fed Gov workers ie such claims are not part of the Actual. The Fed Gov worker claims will be announced by the US Gov separately at a later date (expected in a few weeks). Hence you can also use the nowcast of 385 K to calculate the Fed Gov worker claims by subtracting from the nowcast the Actual.