Philly Fed Jumps Most In 9 Months As Employment Plunges To 9-Month Lows

Tyler Durden's picture


The Philly Fed Factory Index surge 15.3 points from February's plunge for its biggest jump in nine months. New Orders recovered most of last month's loss but the employment sub-index dropped to its lowest since June 2013. Perhaps even more troubling was the drop in the business outlook with the average workweek and new orders expected to drop.


Philly Fed jumpe most in 9 months recovering last month's plunge...


But employment is now at 9-month lows...

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Thu, 03/20/2014 - 10:15 | 4572106 jubber
jubber's picture

Shorts taken to the woodshed...and anhilated

Thu, 03/20/2014 - 10:18 | 4572122 y3maxx
y3maxx's picture

"I will have more flexibility after the election."
Comrade Barack Hussein Obama

Thu, 03/20/2014 - 10:20 | 4572131 spastic_colon
spastic_colon's picture

does this mean "considerable period" means only 2 months now?

Thu, 03/20/2014 - 10:22 | 4572137 GeezerGeek
GeezerGeek's picture

Lack of a backbone enhances flexibility. Ask any worm.

Thu, 03/20/2014 - 10:23 | 4572141 Sudden Debt
Sudden Debt's picture

How many American got killed during all those American wars to have a president like Obama handing over the keys of the country to the Russians?

I don't know... but it's a lot.

Thu, 03/20/2014 - 10:16 | 4572111 Rodders75
Rodders75's picture

Goal seek

Thu, 03/20/2014 - 10:17 | 4572116 madbraz
madbraz's picture

Being that the Philly Fed is almost always published on pre-options expiration date, it can be safely inferred that it is the most manipulated number released by the FED sheeple to appease their crony bank owners and their insanely enormous, government back-stopped futures and derivative bets.

Thu, 03/20/2014 - 10:17 | 4572120 Ness.
Ness.'s picture

This is ridiculous.  

Thu, 03/20/2014 - 10:22 | 4572135 Never One Roach
Never One Roach's picture

Health insurance premiums will likely skyrocket next year, despite the Obama administration’s consistent assurance that consumers will not experience sticker shock under the president’s health care law.

That’s according to industry insiders who told The Hill that they are expecting the price of monthly premiums to increase significantly. In some states, rates could increase by as much as 300 percent.



Thu, 03/20/2014 - 10:18 | 4572121 Dr. Engali
Dr. Engali's picture

Damn weather.... hey wait.

Thu, 03/20/2014 - 10:23 | 4572127 El Hosel
El Hosel's picture

.... "Resilient" US stocks, dammit Janet. Lets just forget about that little slip of the tongue, and slip "the Market" some digital nitro.

Thu, 03/20/2014 - 10:22 | 4572136 NoDebt
NoDebt's picture

Improving outlook while, again, nobody gets hired.  I've seen this movie before.  Time to buy stawks.

Thu, 03/20/2014 - 10:26 | 4572152 Father Lucifer
Father Lucifer's picture

I'm baffled

Thu, 03/20/2014 - 11:17 | 4572408 Sudden Debt
Sudden Debt's picture

that didn't take much

Thu, 03/20/2014 - 10:31 | 4572169 q99x2
q99x2's picture

I worked so much during my lifetime that there is not much left to do.

Thu, 03/20/2014 - 10:57 | 4572249 Sudden Debt
Sudden Debt's picture

well... we're broke so it looks like you didn't work hard enough!


reminds me when our Account manager tell me "they pay my salary!"...


Thu, 03/20/2014 - 10:32 | 4572172 soopy
soopy's picture


Thu, 03/20/2014 - 11:27 | 4572477 elwind45
elwind45's picture

Another year another convincing recovery that is 60% lite and taper ready. Everything is firing on all cylinders then its MAY and its gone! More please

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