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Empire Fed Spikes To 5-Year Highs; Employment Plunges To Worst Since Dec 2013
Following last month's biggest plunge in 2 years to 4-month lows, it is likely no surprise that the soft-survey-based Empire Fed index exploded to 27.5 (smashing 15.71 expectations) to its highest since October 2009. Of course - away from the headline exuberance, employment plunged to its lowest since 2013, the average workweek slipped, capex expectations plunged, and new orders barely rose (while Prices Received soared). Seems like seasonal adjustments played a strong hand in this exuberance... given hardly any sub indices jumped.
Headlines hits 5-year highs...
as employment pluinges to 2013 lows...
Chart: Bloomberg
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Boy, those seasonal adjustments sure come in handy!
Winter is coming.
Nuclear Winter.
5% unemployment....here we come!
Gonna set a new record with the non-participation rate.....YES WE CAN!!!
If we can get working on this Ebola epidemic in the US we may yet achieve full employment
We are getting very efficient, aren't we?
B-B-Q Soylent Green, tastes like chicken.
Get rid of any statistics that have to do with people in the nation-state and only use data that refers to financialization. BTFD
Could this be the October of contrivance coming up? The September of simplization is fast fading.
And the expected buisness conditions number 6 months out was 46 which is the HIGHEST it's been in years. Everyon's so optimistic, they're cutting hours, hiring nobody and cutting cap ex.
This is some recovery.
Adjustments turn crap into a flower garden.
No worry the Federal Reserve will double the QE. The Fed's solution is to do a lot more of the same if the 1st few rounds didn't fix it.
Double the deficit from $17.7 trillion to $35 trillion in a much shorter time. Debt to infinity.
Hope and Change.
I always bring my shovel and wear my rubber boots before reading morning economic reports.
Why does ZH keep reporting these fake govt numbers?
Shadowstats shows unemployment in the 20% range.
Unintended consequence-Obama's sanctions hitting europe economy.
http://www.marketwatch.com/story/oecd-cuts-growth-forecasts-for-us-big-e...
I have come to the conclusion that all these various surveys are basically being manipulated so that while one is up big, another is down big in a given month- and the next month they reverse. Both giving the market exactly what is seems to be asking for- really bad economic news and really good economic news. The market appears to not to Goldilocks these days.
recession in 3 2 1...!