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Initial Jobless Claims Miss; Back Above 8-Month Average
At 339,000 initial jobless claims, this is the 3rd miss in thelast 4 weeks and back above the 8-month average suggesting that the best in the layoff trajectory of this 'recovery' is over. Continuing claims remains slid modestly and, of course, emergency benefits remain at zero. Of course, as we showed here, it is not layoffs (and thus initial jobless claims) that matters - what is crucial is that there is no hiring...
As the chart below shows, using the most recent JOLTS data, while historically the hires and cumulative job change numbers have tracked each other almost perfectly, in the current environment, hiring is far below where it should be if one were to believe the headline job numbers.
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SNOW! I CALLED IT FIRST!
This should be good for stocks. Red is the new green. Bullish!
The red banners they put up on good reports are absent from the financial web sites
They will be pushing "should you be buying the dip", "we're off the lows" ,"what are you buying here","is this a good time to buy"..and the most pushed excuse "is this weather related" mostly formed in questions.
Whether it's the weather or not it is still bad econimic data. I wonder why we dont hear the "pent up demand" will save us when spring comes..?
Head of the CBO just said no jobs is a good thing.
gives people more time to spend money!
Perhaps spend some quality time on the USPS shooting range.....they just put in one hell of an ammo order.
Speaking of which....does anyone know where I can find any 22LR?
More part-time workers than last year = more initial claims.
GZG, I gave on on the 22LR ammo and bought a 22 pellet gun. Plenty of ammo for it....for now. Best hurry now that I have posted this.
I'm on it. When I couldn't get any ammo I delayed buying reloading equipment and components....big mistake.
http://gunbot.net/ammo/rimfire/22lr/
http://www.luckygunner.com/rimfire/22-lr-ammo
No no no...It is chilly wind this time.
Damn, you beat me Sudden Debt. :)
Long EBT cards.
If I only had a PhD in economoics I would be able to completely ignore these charts.
untaper the taper as the dual mandate states so.
I shouldn't have to worry about working, my goverment said so. Just send me free shit and I'll vote Demo every time./sarc
you raise the minimum wage... AND PEOPLE STILL DON'T WANT TO WORK!!
I...I...I..I just don't know what the glorious leader Osnowo can do much more...
Obama don'tcare... Obama'sIRA...
WHAT MORE DO YOU WANT?!
I guess greece's plan to force unemployed to work for free wasn't that bad if it would have worked...
Indentured servitude is the new employment.
Long union workhouses, treadmills, and poor laws.
you raise the minimum wage
That....along with Obamacare, is one hell of a jobs killer.
so you say that Obama should introduce government organized workplatoons to make sure people become skilled workers...
could work...
it's how Russia and China did it...
what would marxx say...
Heeeyyyy.....we could build a wall, to keep illegals out.....call it the great wall of.....wait we can have a naming contest and raise money......damn ideas are popping up like mad today. Must be the snow and the ice and the cold and....that warm bed sure looks cumfy.
Any walls built will be to keep us from leaving with what little we have left. Only when we have reached the level of the current crop of illegal aliens coming to our country, will they let us leave, and only then in hopes we will be mailing money home.
And debtors prisons!
We will need lots of those for the first offenders who will dare to challenge their masters.
Of course ,the second offence penalty is death.
Long gas chambers and ovens.
Poor is the new Jew.
"I have used my pen. I am opening a new homeland for YT in our Southwestern Deserts! You will be notified when your train is boarding. Don't try to escape."
Umm just pointing out someone forgot to name the snow storm. You can't blame a complete economic collapse on the weather unless you give the storm a name. Damn people that is spin 101.
"Pax"
Look at the last chart. There is an asymmetry that should be closely considered. The inflection is too smooth, and it is unwavering. Look at the early 2001 recession, nothing like it at all. I'm willing to bet recessions previous to this also look similar to the 2001 recession.
This condition was manufactured by the current administration. This was planned.
You are looking at the growth of the falseness of employment data.
No, I'm looking at a conscious effort to get where we are today. Nature tends to follow cycles very closely. This break is a directed effort. If I saw this just as raw data without knowing what it was I would say it was a programming error OR the start of some sort of a highly directed program.
Think about it, this data should not be this smooth from 2009 on, ESPECIALLY given the EXTRAORDINARY efforts to break away from it. There should be more spikes, or dips, in the top line on the last graph after 2009.
Taylors - can we get this graph interpolated to say, 1970?
They change the way they calculate all the numbers making it impossible to do an easy comparison against historical data.
Its part of the propaganda to convince the masses everything is okay as we slide into the limits to growth and the collapse of the economic systems.
It wouldn't do any good to talk about something that can be changed, so they decided to pretend it doesn't exist to keep things propped up until the inevitable collapse.
Don't look for the truth from the news or the government, instead just open your eyes and look around you.
There is no recovery and peak oil guarantees there will not be a recovery.
Print Ms. Yellen; my goldies go uppa. Patience.
No layoffs yet. Mass firings will begin when BHO decides to let Obamacare law kick in and millions of workers get dumped.
But you won't ever know that. Because a new Obama law now says that the IRS can punish companies that say they fired people because of Obama's law. Good news is that when millions get dumped on the bread lines, another Obama law raised their minimum wage prospects to $10.10/hr.
The IRS can punish theeese nutz.
Fucking Obama and his decrees...
I'm not really a Rush kinda guy, but the man has his virtues:
http://www.rushlimbaugh.com/daily/2014/02/12/stalinist_lawlessness_compa...(The+Rush+Limbaugh+Show+-+All+Content)
The end result is a 100% command economy, with no private businesses. Everything will be owned by The Premier and The Party.
If you are willing to kick back, an EBT card is in your future!
Jobs will pay into EBTs. Didn't you ge the memo?
Hey, you keep talkin like that, and they're gonna turn off your chip, man.
See you in the Hope Camps.
The don't want to own it as that would imply responsibility for it. They just want to control everything from a respectable distance so as to claim none of it as their doing. If there is anything we should be able to agree on here, it is that this government will go to any lengths to avoid taking responsibility for ANYTHING that could be perceived as negative. And when it is unavoidable, we see what happened last week where their own lackey's analysis showed O'care was going to eliminate jobs, so they turn on a dime and suggest that to not have a job was "freedom". No fucking lie is too big for these criminals and I am convinced they will be expressing their love and concern for each and every one of us, while they are slipping the blade between our ribs. This is way fucked up.
untaper that taper Mrs Y
Somehow, this is all the tea party's fault.
Because racisms.
Jefferson Davis' fault.
this is all the tea party's fault.
aka WackobirdsTM
No, no, no...I'll take the blame. Fuckem. Fuckem all.
Guess the weather didn't stop people from submitting claims. Anyway, it doesn't seem to matter anymore to Wall Street.
Go long vacant storefronts and bulldozers. Salvaging will be big business in the future. All those vacant storefronts will need to be knocked down.
Demographics as well.
S&P futures are now higher than it was prior to this horrible number. We are rallying on this craptastic news!
Thank you Mr Yellen.
Cats and dogs have been living together for quite some time now.
The complicated irrationality of ignorance rules the street. Still, more bad news awaits, and the day is not over yet.
I see a bad moon rising...
It is all about pride and ego. They were wrong about everything. But they are not going to let you make profit off of their failures. It is all coming from the top. Stocks have to go up when the morons in charge speak because anything else is an insult. Stocks have to go up when their policy failures are visible.
This is how you know it is all going to end very badly. Your 10% gold in your portfolio is going to end up being 100% one way or the other.
Backdoor Barry has a large market for rent-a-dicks. Plenty of work there, if you can "handle" it.
I guess all those 55 year olds decided not to retire after all...
American Idle.
Maybe we will get a new reality show where we can vote on who is the best at doing nothing.
Great idea. They can have it photographed by a photographer that does not move the camera too. Just set up web cams in each room and send it out. Low cost trash tv!
Jest if you like. We see how much they are spending on TV adds for O'care. With the ass nuzzling entertainment types, you can bet they are piloting a reality show, showcasing people who's lives have been changed by the liberation from work that O'care endows them with. Think about it. Hillary 2016.
Stocks are exploding straight up. Same only Gap down 20 points and rally all day to newer highs market. Clearly none of this terrible news coming out day after day matters at all and the only way to trade these days is to buy the dip.
for fucks sake look at this market, it ticks down .25 and then up 5.00
it is going straight, fucking, up.
Algos has no other choice.
Love the liars at the BLS.
We just hired our 99th employee. Please tell the remaining 2500 people in the waiting room the bad news...