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Initial Jobless Claims Rise 12k, Hover Near 14-Year Lows
After last week's tumble to 280k, initial jobless claims rose modestly this week to 293k (slightly better than expected) but remain near a dovish-Yellen-crushing 14-year low. Continuing claims also remain at cycle lows around 2.4 million (rising modestly - by 7k - this week). The labor department cites no unusual or estimated claims this week. It appears this is as good as it gets and the Fed has reached its 'job-creating' mirage peak...
As good as it gets...
Remamber when initial claims were touted as the best indicator support for stock strength?
Fed limit reached..
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Poroshenko was on the tape with "positive" peace news... so one has to wonder, what drove this move? (as if we need a catalyst for market moves anymore)... Who knew what abouty claims and durable goods?
This is the market move into the data...?
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Moar data
It's amazing we still have that many full time jobs to lose.
all set up for the (wildly positive) report just prior to the election........
All this means, if the numbers are even real, is that the smaller, leaner, more centralized economy that rose from the ashes is doing quite well... for now...
Everyone else can go eat cake and be “criminals” and "terrorists" in the underground economy. Not good for the longterm stability of a nation, but who cares about that, right? Now bring on the fake bear, dirty whores, and idiots chasing balls.
Second graph, initial claims INVERTED, I assume.
they hover near 14 year lows because there's no-one left in the bloody workforce to lose their jobs and then file
ah who am i kidding, this'll be spun as good news
exactly!
i'd like to see that graph superimposed over one showing welfare spending over the same time period.
pardon me, ENtitlement spending......
Truth is most people don't flip slime burgers long, they come home smelling like rancid grease every night and soon mover on to something else whether it is unemployment or crime. And of course the number will be revised.
Don't knock unemployment, it is a respectable profession now.
In other data, the number of weekly dumpster divers rose 250,000 to a record 5.8 million.
The non-participation rate skies to new highs.....say with me.......USA USA USA!!!
Fun with numbers! If "they" don't fit the plan simply call out the numbers masseuse.
Someone has some pretty big OTC spread trade on WTI and needed to move it in their direction to avoid imploding. Same thing on Natty as well.
BTFATH !!!!
And bond prices are up on this how?
Looks Iike part time workers are full time employees these days.
"Change you can believe"
Recovery Summer!
Hard Pivot on the Economy!