Initial Jobless Claims Beat; Continuing Claims At Lowest Since Dec 2007

Tyler Durden's picture

Initial jobless claims rose very modestly from last week's near 7-year lows but handily beat expectations with the 4-week average at its lowest since September 2007. Of course, as Yellen explained yesterday, none of this matters as if one indicator of jobs improvement gets too strong to enable more easy money, we simply flip to another that indicates a different worse (more real) reality. Continuing Claims also dropped (beating expectations) to uits lowest since Dec 2007 (as if the whole crisis never happened).

 

 

As a reminder though from the US President...

  • *OBAMA SAYS STOCK MARKET SOARING, TOO MANY AMERICANS STRUGGLING

 

 

For all those curious why layoffs and departures are so low, the answer is simple: hires are 1 million lower than they should be:

 

Finally, for the DOL data fanatics, enjoy the new format in which claims data is now being released:

 

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Xibalba's picture

unicorn tears. if the Participation Rate was still at 2000 levels, Unemployment would be 13.0%

GetZeeGold's picture

 

 

Participation rate....that's the real story.

spastic_colon's picture

is that what euro equities were frontrunning?  that and the fact it's the last trading day of the week and then we get the "because its monday rally"

Squid Viscous's picture

Nice 10 handle bounce, everyone wants to be long over 3 day weekend, i guess they decided Putin is a giant pussy in the last 72 hours or so... interesting

DavidC's picture

Op ex day as well.

DavidC

Cattender's picture

for one Fucking WEEK: Only 300 and some odd Thousand people Filed for Unemployment? WOOOOHOOOO!!!! it's a Recovery Sheeple Bitches!!!!!

TeamDepends's picture

Is it just us, or does that top chart resemble a nation that has tapped out?

Winston Churchill's picture

If nobody was working initial claims would be  zero.

Winning.

BeetleBailey's picture

There's no one left to fire....

overmedicatedundersexed's picture

funny, as fewer work, UE goes down, still getting 0% CCard offers and home equity, and great deals on reverse mortages, while dollar stores close down, lay offs continue, .gov data is for another planet in another dimension. string theory rules.

Alcoholic Native American's picture

Anybody can get a job these days.  The day labor industry is booming, you get paid the very same day, and they transport you to the job site.

wmbz's picture

Blue Skies, Spring Time, Green Shoots, 50 Million On Food Stamps!

Buy now or be priced out forever...No brainer!

Seasmoke's picture

We are going to use 6.5 as a benchmark, ......

 

until we hit 6.5, then we will switch to an entire different benchmark. 

 

 

THIS WAS PROOF, WHAT THEY GUIDE IS MEANINGLESS.

 

 END THE FED. !!!!!!!!!!!!!!!!

caShOnlY's picture

Wait a second.  They have blamed the weather over and over again for every metric they spin as positive, and there we many.   And all that bad news that they blamed the weather on resulted in LESS JOBLESS CLAIMS!!!???   for real??????????????????????? 

dizzyfingers's picture

AynRandFan Old, dates only to 2012... Probably worse now.

Blue Horshoe Loves Annacott Steel's picture

If you believe anything that comes out of the US government, I'd like to sell you Bigfoot's shoes & a UFO ship I got on sale on eBay.

Only $10 million in the barbarous relic known as gold, no Bernanke bucks accepted.

insanelysane's picture

There is a slight chance that Bigfoot and UFOs exist but there ain't no fucking way that the US government tells the truth about anything.