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"Clean" Initial Claims Drop To Lowest In 2 Months

Tyler Durden's picture





 

Initial claims fell 10k from last week's revised (and missing 5 states) data for its biggest beat in 2 months and lowest print in 2 months. The 'consistent' YoY ebbing of the initial claims print (aside from the last month or so's statistical glitches and idiocy) is all too predictable and the market simply shrugged as the claims data remains the least correlated to any sense of employment reality of all jobs data. This is the first supposedly "clean" data with no estimates in 2 months, however, the BLS is quick to point out that "claims are difficult to seasonally adjust during holidays" - so another pinch of salt for this data point.

 

 

but 'it's different this time' and not structural at all...

 

Still think the claims data has anything useful to say about the economic progress the US is making?

 


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Wed, 11/27/2013 - 09:47 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Just a reminder. If you lose your part time job.....you can't file for unemployment.

Wed, 11/27/2013 - 09:59 | Link to Comment negative rates
negative rates's picture

Hey what ever floats yer boat.

Wed, 11/27/2013 - 09:59 | Link to Comment Headbanger
Headbanger's picture

I'm not sure how true that is in each state. I checked California as an example and found it depends on numerous factors.

Wed, 11/27/2013 - 09:47 | Link to Comment Cursive
Cursive's picture

QE is obviously working.

Wed, 11/27/2013 - 09:47 | Link to Comment Chief Kessler
Chief Kessler's picture

 

Ted Nugent's latest political rant about John Kerry LOL

http://www.youtube.com/watch?v=wlUcUfHkdYk

Wed, 11/27/2013 - 10:13 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Did John ever find a place to park the yacht so he could get out of paying taxes?

 

Where does Ted Nugent park his yacht?

 

Member for 3 weeks 6 days <---- Perhaps you were misinformed. We don't talk much about Ted Nugent here....and I don't think there's any real plans to start.
Wed, 11/27/2013 - 09:51 | Link to Comment I am Jobe
I am Jobe's picture

This is good for Consumer Confidence- Sure it is, with Black Friday and all. 

Sarc

Wed, 11/27/2013 - 09:53 | Link to Comment replaceme
replaceme's picture

I feel better now; I had been worried about the economy and joblessness.  Whew, looks like we're out of the woods!

</unnecessary sarc>

Wed, 11/27/2013 - 10:09 | Link to Comment Sudden Debt
Sudden Debt's picture

YOU CAN KEEP YOUR JOB untill after the hollidays when we don't need that many bagfillers anymore....

Wed, 11/27/2013 - 10:33 | Link to Comment yogibear
yogibear's picture

More people living off the government tit is good for the economy according to Pelosi.

Able people are still being approved for Social Security Disability. From full-time to unemployment then finally Social Security Disability.

It also decreases unemplyment.

Increase in the FSA increase the liberal voters.

Wed, 11/27/2013 - 10:49 | Link to Comment snodgrass
snodgrass's picture

The real unemployment rate is 23-24 percent. The rest is bullshit.

Wed, 11/27/2013 - 11:12 | Link to Comment Hohum
Hohum's picture

FWIW the unadjusted claims number is actually higher year over year.  For the past few weeks it's been 40-50K lower.

Wed, 11/27/2013 - 12:16 | Link to Comment jim249
jim249's picture

Tis the holiday season. Lay offs drop each year at this time.

Wed, 11/27/2013 - 12:59 | Link to Comment Colonel Klink
Colonel Klink's picture

Gotta love the Department of Lies!

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