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Continuing Claims Miss By Most In 8 Weeks As Initial Claims Rise

Tyler Durden's picture




 

Initial jobless claims rose for the first time in 4 weeks - with, oddly, no upward revision of previous data - but beat expectations for the 3rd week in a row. In the prior week the best state was New York, where claims dropped by 17,548 due to "Fewer layoffs in the transportation and warehousing, educational services, and food services industries." However, the rise in continuing claims - the most in over 2 months - is perhaps the most notable - missing expectations by the most in 8 weeks. This is notable since this week was the survey period for the all-important Non-Farm Payrolls (well less important now given Yellen's comments).

Initial claims rose from an oddly not-upwardly revised previous week.

 

But continuing claims jumped the most in 2 months...

Charts: Bloomberg

 

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Thu, 03/20/2014 - 08:42 | 4571743 LawsofPhysics
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Forward soviet!   We must have been envious of the Soviet Union all along, I can't think of any other reason why the U.S.S.A. would chose to follow the same destructive path...

Thu, 03/20/2014 - 08:46 | 4571764 GetZeeGold
GetZeeGold's picture

 

 

Coming soon......the NEW USSR!!!

 

Any word on how many people are even left or eligible to file an initial claim any longer?

Thu, 03/20/2014 - 09:10 | 4571808 TruthInSunshine
TruthInSunshine's picture

Anyone want to claim that the Fed will un-taper under ANY circumstances at this point, or any other, ever?

No matter how bad/good/indifferent the data, accurate, inaccurate or whatever, if yesterday coupled with prior FOMC minutes/pressers hasn't convinced anyone that the Fed is going to wind down their LSAP due to their now very real fear that they are losing the statistical chances of shedding their already unmanageable balance sheet in any manner that is less than DISASTROUS...

...you're not hedged "accordingly."

They're communicating the fact that they've advised their handlers that about 7 to 11 more months of ZIRP and another 500 billion in QE, at most, is the best they can manage before they have to tap out.

If all the TBTF aren't positioned short now and for the foreseeable future (especially given the disastrous health of the real economy in the face of the LSAP wind down), may monkeys jump forth from my ass.

Thu, 03/20/2014 - 09:42 | 4571955 LawsofPhysics
LawsofPhysics's picture

You sir, are an optimist.  Your conclusions are far too logical for the satanic cult of "owners" that are really pulling the strings.  How does one "hedge" 7+ billion mouth breathers (and growing) coming to the end of an era where calories available for consumption will no longer be easy to access?

 

I remain long sharecropping, physical assets of all kinds and a dependable tribe...

Thu, 03/20/2014 - 10:08 | 4572071 TruthInSunshine
TruthInSunshine's picture

The problem the elite have always had, from the Egyptian, Ottoman, Roman, etc. Empires and onward, is that Empire Falls when there is no more tribute/blood/flesh to be extracted from the debt serfs.

Thu, 03/20/2014 - 10:16 | 4572112 LawsofPhysics
LawsofPhysics's picture

And yet, their bloodlines remain intact...

Thu, 03/20/2014 - 11:55 | 4572725 Clowns on Acid
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We didn't... howveer the tribe of neo Bolsheviks did......

Thu, 03/20/2014 - 08:42 | 4571748 Dr. Engali
Dr. Engali's picture

Damn weather! I'm surprised somebody could make it in to file the report.

Thu, 03/20/2014 - 09:01 | 4571816 weburke
weburke's picture

dang ocean overturning current is taking us back in time.......20000 years, 18000 bc actually! quite the opposite of cap and trade needs. but, that wont stop the cap and trade lobby. lobby? imposition.

Thu, 03/20/2014 - 09:55 | 4572012 insanelysane
insanelysane's picture

You would think with weather now becoming a major factor for the economy, that the stock market would go down when ever a winter storm or frigid temps are forecast but it just goes up regardless.  hmmm

Thu, 03/20/2014 - 08:42 | 4571753 BeetleBailey
BeetleBailey's picture

It's the God Damned WEATHER!

Soon, it will be hot.....and it will be the GOD DAMNED WEATHER...IT'S TOO HOT TO WORK!

Thu, 03/20/2014 - 08:47 | 4571772 Boomberg
Boomberg's picture

I don't understand. Why don't they just publish numbers that make the stock market go up?

Thu, 03/20/2014 - 08:53 | 4571782 valley chick
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Are you new here?

Thu, 03/20/2014 - 09:15 | 4571871 replaceme
replaceme's picture

What numbers make it go down??

Thu, 03/20/2014 - 09:24 | 4571895 Boomberg
Boomberg's picture

Good point but the futures are down this morning. If the numbers no longer work it's going to make me have to actually think about my trading positions, and that pisses me off. 

Thu, 03/20/2014 - 08:51 | 4571780 Sudden Debt
Sudden Debt's picture

well... the weatherman did say it was going to be a bit colder and with a chance of rain over the weekend...

Thu, 03/20/2014 - 09:00 | 4571810 DeadFred
DeadFred's picture

It's the groundhog's fault

Thu, 03/20/2014 - 09:23 | 4571888 TeamDepends
TeamDepends's picture

And where does the groundhog live?  Bush!

Thu, 03/20/2014 - 09:03 | 4571827 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

Hmmm...we may, just may, have found a pulse on gold this morning, however faint....here's hoping.

Thu, 03/20/2014 - 09:14 | 4571866 Van Halen
Van Halen's picture

"the best state was New York, where claims dropped by 17,548 due to "Fewer layoffs"

Their relationship had improved because she was suffering from "fewer beatings".

Hope and Change!

Thu, 03/20/2014 - 09:23 | 4571881 bdub2
bdub2's picture

Currently 31 degrees outside. A bit warmer than usual.  Still though, was a bit surprised to see the 5 mile long lines at my local Walmart, Costco, Fedex, Staples, JC Penney, Gap, CAT, IBM, Samsung, Verizon, Johnson and Johnson, Travelers, General Mills, Citigroup, Adobe, Oracle, First Solar, Clorox stores, China, among many others. All Seeing Yellen was right! The Weather and the Fed: Powers of All.

Thu, 03/20/2014 - 09:51 | 4571996 insanelysane
insanelysane's picture

Please show a chart of initial claims for the past 5 years with a range from 0 to 1,000,000.  Methinks it'll look like a flat line just above the 300,000 mark.

Thu, 03/20/2014 - 09:51 | 4571998 yogibear
yogibear's picture

Social Security Disability claims also increasing. Much fatter checks and Medicare for medical.

Thu, 03/20/2014 - 10:29 | 4572038 foodstampbarry
foodstampbarry's picture

Hey, look on the bright side. Now you can use sickcare to get antidepressants to help with the unemployed blues. Oh, that's right, your premium just tripled... My bad.

Thu, 03/20/2014 - 10:11 | 4572083 jubber
jubber's picture

Shorts anhilated

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