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Initial Claims Spike Most Since Sandy To Worst In 9 Months

Tyler Durden's picture




 

While the Labor Department admits "difficulties in seasonally adjusting" the data, this is the biggest spike ex-Sandy in the all-important initial claims data since 2005. At 368k (versus 320k expectations), this is the worst miss sicne Sandy also (absent the government shutdown debacles) and the Labor department says no states were estimated. This is the worst initial claims print since March... just enough bad news to provide the Fed some leeway? Of course, with enough statistical noise to sink an economy, it would appear another government-inspired data series has become next-to-useless ammo for the baffle 'em with bullshit brigade.

 

 

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Thu, 12/12/2013 - 09:45 | 4239233 GetZeeGold
GetZeeGold's picture

 

 

Thank goodness that didn't happen last week......that would have really sucked.

 

So when do the revisions hit again?

Thu, 12/12/2013 - 13:18 | 4240073 SkottFree
SkottFree's picture

It must have been the Launch of Obamacare the relaunch of the web site, Mandela's Death The Republicans, Tea Party, Act of God Thats it it was an Act of God, speech to follow!

Thu, 12/12/2013 - 09:43 | 4239237 blabam
blabam's picture

Well that explains ze gold move.

Thu, 12/12/2013 - 09:44 | 4239242 Sudden Debt
Sudden Debt's picture

still looking for it to make sense he?

Thu, 12/12/2013 - 09:57 | 4239279 Xibalba
Xibalba's picture

looking for this headline soon: CHINA INVADES JAPAN.  DOW JUMPS ON EXPECTATION OF MORE FED EASING

Thu, 12/12/2013 - 10:40 | 4239408 Headbanger
Headbanger's picture

10 Year Treasury not buying this bad news any more cause the taper is going to be more than most expect.

 

Thu, 12/12/2013 - 09:45 | 4239239 Sudden Debt
Sudden Debt's picture

CHRISTMASS VACATIONS FOR EVERBODYYYYyyyyiiiiiiii!

Thu, 12/12/2013 - 09:44 | 4239240 Xibalba
Xibalba's picture

YEA!!! Some bad news for Wall St to celebrate!  

Fuck Main St.  Fuck the people.  I gots my central banker beeatch! 

 

 

Thu, 12/12/2013 - 09:46 | 4239241 The worst trader
The worst trader's picture

 TAPER OFF!

Thu, 12/12/2013 - 09:45 | 4239243 Racer
Racer's picture

What fakery

Ha ha ha, oh my sides, my sides are aching, ha ha ha

Thu, 12/12/2013 - 09:45 | 4239248 Winston Churchill
Winston Churchill's picture

Need to be Einsyein to keep track of all the lies.

Shame he is dead.Instead we have Wil E Coyote.

Thu, 12/12/2013 - 09:47 | 4239249 d edwards
d edwards's picture

"Difficulties in seasonally-adjusting"--in common laguage "we didn't cook the data enough!"

Pure propaganda.

Thu, 12/12/2013 - 09:46 | 4239250 Caviar Emptor
Caviar Emptor's picture

Exceptionalism will pull us out of joblessness, even with the cuts in extended unemployment.

Thu, 12/12/2013 - 09:49 | 4239254 Parth
Parth's picture

This sucker is going down! I am in IT staffing and yes - no open positions.......Booooo!

Thu, 12/12/2013 - 09:54 | 4239268 Sudden Debt
Sudden Debt's picture

IT he?....

I just upgraded my iPad IOS to 7.02 and since I did that my pad is going slower and in the background webpages that I visited weeks ago pop open, apps open up in the background

my iCloud suddenly has all the pictures I once put on my iPad but deleted months ago and now they're back...

Do you have a answer for all of this and how to fix it? You can just break up your anwer according to the Q&A and you can add as many links with pictures to support your answer.

 

Thu, 12/12/2013 - 10:27 | 4239372 Darksky
Darksky's picture

Mine continually locks up and links dont work if i can even scroll thru sites. I have to shutdown and restart my ipad almost everyother day now, which i never had to do before "upgrade". If i can scroll thru websites if i touch, without clicking, an ad it opens in a new window. Sometimes ad pages just open outta nowhere. The new ios blows goat. Will never buy another apple product again.

Thu, 12/12/2013 - 12:16 | 4239738 Sudden Debt
Sudden Debt's picture

Fuck that shit! I also have that!

yep... next one will be the Dell tablet that is laptop and tablet

Thu, 12/12/2013 - 10:38 | 4239398 Parth
Parth's picture

Simple fix. Do a restore to earlier point and do not upgrade for 90 days until a fix comes in. ANd that will cost you $65.

Thu, 12/12/2013 - 12:17 | 4239742 Sudden Debt
Sudden Debt's picture

and risk losing all my highscores in my games... no thank you...

Thu, 12/12/2013 - 12:44 | 4239880 BigRedRider
BigRedRider's picture

You're not a savvy computerist if you don't buy a Lexar 32GB USB memory stick and back up all your important data.  It comes with software that allows you to back up any file or folder (as many as you choose provided you don't exceed 30 GB.  Once your data is picked, any time you use the stick it will back up all changed files and folders you originally selected.  Now-a-days it goes for about $30.  Windows 7 acknowledges it.  No extra drivers needed. Google it.

Thu, 12/12/2013 - 09:50 | 4239260 Racer
Racer's picture

I notice they bounce the futures on this 'bad' news but keep gold down, what a farce this is

Thu, 12/12/2013 - 09:51 | 4239263 dobermangang
dobermangang's picture

Some good news:  Stores might have to hire extra people for their Return Department.

Thu, 12/12/2013 - 09:55 | 4239269 dick cheneys ghost
dick cheneys ghost's picture

which lies are we supposed to believe??

~~~~

Thu, 12/12/2013 - 09:58 | 4239287 negative rates
negative rates's picture

If you like your lies, you can keep your lies.

Thu, 12/12/2013 - 09:54 | 4239272 WTFUD
WTFUD's picture

I'm Baffled! Does this mean I share my free shit with another 48k assuming the 320k folks have been factored in?

Thu, 12/12/2013 - 09:57 | 4239280 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Off topic but fuck your bird!

http://filmingcops.com/cops-break-into-mothers-house-without-warrant-bea...

STATEN ISLAND — Evelyn Lugo, a 57-yr-old mother in Staten Island, is devastated after police officers broke into her house without a warrant, beat up her children, and murdered her pet parakeet, according to the lawsuit.

Evelyn’s bird, Tito, was a small parakeet that clearly posed no danger to the officers.

“It was a blue and green bird. It was really pretty,” said Anna, Evelyn’s daughter.

At some point during the break-in, officers caused Tito’s cage to fall off of a dresser and crash onto the floor, according to court records.

“I screamed, ‘The bird!’ said Anna.

That’s when police said “Fuck your bird!” and began crushing and stomping the parakeet to death.

...

nydailynews full story here

http://www.nydailynews.com/new-york/nypd-killed-parakeet-staten-island-m...

both have full pictures of the carnage including the beatings broken property and dead parakeet.

Thu, 12/12/2013 - 10:04 | 4239296 negative rates
negative rates's picture

People move into bear territory, bear attact people. Bear attack people, cops go after bear. Now if your parakeet bites a cop, cops go after parakeet. You can apply just about any animal and the story's hold true. It's an animalistic world out there, beware of the law is your best bet. 

Thu, 12/12/2013 - 10:14 | 4239335 pods
pods's picture

Cue comments about a few bad apples, or how they should sue the cops for everything they got.

Let me tell you, the cops have no money that they first don't extract from everyone else.  

And when the time comes, you will see just how many bad apples there are.

pods

Thu, 12/12/2013 - 10:18 | 4239351 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Funny you mention that but supposedly they stomped out this sort of corruption years ago. File this one under the more things change the more they stay the same.

http://www.nydailynews.com/new-york/nyc-crime/nypd-arrested-shaking-rest...

A NYPD cop and two goons — including a reputed gangster who was involved in a fatal stabbing of a groom-to-be — were charged Tuesday with extorting monthly "protection" payments from an Albanian restaurant in Queens, federal authorities said.

The cop, Besnik Llakatura, conspired to shake down the restaurant owner with Llakatura playing the role of the good cop with the victim who was his friend, authorities said.

The restaurant owner went to Llakatura, a friend he knew was a cop, and asked what he should do. Llakatura advised the restaurant owner from reporting the extortion telling him he had no choice but to make the payments, authorities said.

The victim shelled out a total of $24,000 over five months for the phony protection.

In a phone call intercepted by the feds, Llakatura jokingly referred to how he "taxes" local businesses, according to court papers filed in Brooklyn Federal Court.

...

 

 

Thu, 12/12/2013 - 09:56 | 4239282 B2u
B2u's picture

No big deal.  It is due to the weather.

Thu, 12/12/2013 - 10:04 | 4239306 yogibear
yogibear's picture

They need to get the number back over 400,000, that would be very bullish.

Thu, 12/12/2013 - 10:09 | 4239315 geno-econ
geno-econ's picture

Jobless claims go down only when McDonalds opens new stores. QE only makes the stock market go up until we get some trickle effect much the same as after a urination. We are in an age of Pissy Economics with an overinflated deficit bladder waiting to collapse in a sea of liquidity but no jobs or economic growth in the US .

Thu, 12/12/2013 - 10:08 | 4239317 Whoa Dammit
Whoa Dammit's picture

I hear there's a job available in SA to for a con artist to the deaf.

Thu, 12/12/2013 - 10:54 | 4239438 RaceToTheBottom
RaceToTheBottom's picture

He was just more proficient at translating Ebonics than English

Thu, 12/12/2013 - 10:14 | 4239336 Tsar Pointless
Tsar Pointless's picture

Not adjusted, there were 461k initial claims filings, compared to 429k in the corresponding week last year.

Not that it matters or anything.

Thu, 12/12/2013 - 10:14 | 4239337 Kaiser Sousa
Kaiser Sousa's picture

this is of course the good economic news that explains the paper price action in Gold and Silver this morning right????

again, RIGHT????????

Thu, 12/12/2013 - 10:57 | 4239441 Quinvarius
Quinvarius's picture

No wonder they are wasting everyone's time trying to sit on gold. 

Thu, 12/12/2013 - 11:30 | 4239570 Seeking Beta
Seeking Beta's picture

Someone tell Steve Doucheman

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