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Initial Jobless Claims Average Drops To Lowest Since Feb 2006

Tyler Durden's picture




 

Initial claims fell a modest 1000 this week to 287k, beating expectations (for the 4th week in a row) of 294k hovering near the lows of the cycle. The less noisy 4-week moving-average has dropped to its lowest level since Feb 2006 and continuing claims drops to its lowest since April 2006. This is as good as it gets... (especially in light of the tumble in hiring seen in JOLTS) - simply put, there can be no firings, because there is no hiring.

Claims beat for 4th week in a row..

 

and the 4-week average fell to Feb 2006 lows...

 

as continuing claims fell to April 2006 lows...

 

Charts:Bloomberg

 

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Thu, 10/09/2014 - 08:41 | 5307864 GetZeeGold
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Not many people even quality for unemployment anymore.

 

Lose your 29.5 hr/wk job.....you don't get unemployment.

Thu, 10/09/2014 - 09:50 | 5308238 Pool Shark
Pool Shark's picture

 

 

Nobody still working?

Nobody left to fire...

 

Thu, 10/09/2014 - 10:15 | 5308361 Caveman93
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Employers take record-long time to fill job openings!

http://www.marketwatch.com/story/employers-take-record-long-time-to-fill...

Thu, 10/09/2014 - 08:42 | 5307865 wallstreetapost...
wallstreetaposteriori's picture

all fixed!

Thu, 10/09/2014 - 09:20 | 5308068 TeethVillage88s
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The first federal prosecutor to probe the financial dealings of Bill and Hillary Clinton says he was poised to bring high-profile indictments against top Arkansas political and business figures — based in part on testimony from a chief witness against the then president — when he was abruptly replaced by a panel of federal judges, throwing his investigation into turmoil.

"I was angry, frustrated and above all disappointed that I was not going to be able to carry through and finish bringing the indictments," writes Robert Fiske, a former U.S. attorney who served as the original independent counsel in charge of the Whitewater investigation, in a forthcoming memoir, "Prosecutor Defender Counselor."

Thu, 10/09/2014 - 10:48 | 5308565 SoDamnMad
SoDamnMad's picture

Lawsuit, publishing factory burns down, nailgun attack, small plane crashes, crazy sniper,  doesn't look good if the truth gets out.

Thu, 10/09/2014 - 09:47 | 5308207 SAT 800
SAT 800's picture

There can be no firings; because there's no hirings." Hmm. Well, then everything is okay, eh? eh ?

Thu, 10/09/2014 - 08:42 | 5307871 thismarketisrigged
thismarketisrigged's picture

isnt it amazing how data always seems to beat expectations now, and we r a month before an election?

 

gee, who would have thought

Thu, 10/09/2014 - 08:58 | 5307967 TeethVillage88s
TeethVillage88s's picture

Yes. In Related News:

The issue of whether the Chinese should be part of the International Monetary Fund's Special Drawing Right, and will be discussed, in the background, at the annual meetings of the IMF and World Bank in Washington this week.

Thu, 10/09/2014 - 09:11 | 5308024 SAT 800
SAT 800's picture

they'll have to be in. although it's the last chance to try to bribe t hem to stop playing footsie with Vlad  the Impaler.  Had a funny thought, last night; "Barry wakes up at night, a little agitated, and thinks, jeez if that Stud would just DO ME. he could have t he Ukraine."

Thu, 10/09/2014 - 09:42 | 5308174 TeethVillage88s
TeethVillage88s's picture

His 62 year old white "Poppi"

Thu, 10/09/2014 - 09:50 | 5308235 SAT 800
SAT 800's picture

Yeah; figures kinda, don't it.

Thu, 10/09/2014 - 08:44 | 5307882 Mae Kadoodie
Mae Kadoodie's picture

Acch, all is well. Back to our regularly scheduled sponsor.

Thu, 10/09/2014 - 08:46 | 5307892 Dungholio
Dungholio's picture

Good, the futures needed a little juice....  Should be all green again soon.  The markets need stability now, all green, all the time should do the trick!

Thu, 10/09/2014 - 08:50 | 5307906 Smegley Wanxalot
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Election in 4 weeks requires positive talking points from the Ministry Of Economic Truth.

All it well, it has been officially so deemed. Deniers will be reeducated until they realized the error of their ways.

Thu, 10/09/2014 - 08:48 | 5307908 papaswamp
papaswamp's picture

Has anyone tracked the number of jobs that qualify for unemployment insurance? Are we actually seeing a decline in claims ( though NSA rose 30,000) or are we seeing fewer jobs that qualify for unemployment and thus numbers are dropping? I know each state is a bit different...

Thu, 10/09/2014 - 08:49 | 5307909 GrinandBearit
GrinandBearit's picture

If Steve LIESman tells me everything is getting better.. it must be!

Thu, 10/09/2014 - 08:55 | 5307936 GetZeeGold
GetZeeGold's picture

 

 

The non-participation jobs rate is an ISIS terrorist trick.

 

Which of course has nothing to do with islam.

Thu, 10/09/2014 - 08:52 | 5307923 Sick
Sick's picture

So employment participation is at its lowest point since the 70's I think, then there are less jobs to have jobless claims from.  Well we are certainly working in the right direction.  I guess when the participation rate goes to zero there will be zero jobless claims and we will have a perfect world.

Thu, 10/09/2014 - 08:59 | 5307970 GetZeeGold
GetZeeGold's picture

 

 

I stand in the presence of brilliance.

Thu, 10/09/2014 - 08:56 | 5307947 youngman
youngman's picture

This is the new normal...30% fewer jobs and those jobs dont pay to much....its going to stay this way for a long long time....and yes your kids will be living with you for a long long time too...

Thu, 10/09/2014 - 09:22 | 5308086 TeethVillage88s
TeethVillage88s's picture

Orlando Poverty Rate Nears 20%...

Economic anxiety hits Alaska...

CHINA OVERTAKES USA AS WORLD'S LARGEST ECONOMY...

Currency push takes aim at dollar...

GOOGLE Warns: Gov't surveillance 'going to end up breaking Internet'...

Web Inventor: Computers getting smarter -- we're not...

Jobs will disappear...

---

Chris Matthews urges Obama to quit 'pandering' to 'ethnic groups'...

----

BIDEN: Rich must start paying 'fair share'...

---

ATTKISSON: Outbreak of virus first idenfitied in cities with 'significant number' of relocated immigrants...

Thu, 10/09/2014 - 09:11 | 5308020 RattNRoll
RattNRoll's picture

Bad news = Good news

Bad news = Bad news

Thu, 10/09/2014 - 09:14 | 5308034 SAT 800
SAT 800's picture

"Mission Accomplished !"

Thu, 10/09/2014 - 09:39 | 5308158 aliki
aliki's picture

when theres not many people left to fire/layoff/release, this is what happens

Thu, 10/09/2014 - 09:55 | 5308253 Shizzmoney
Shizzmoney's picture

The beatings will continue until morale improves

Thu, 10/09/2014 - 10:03 | 5308217 auntiesocial
auntiesocial's picture

the great bamboozle- 

all that should matter is 1:1

ex:

how many jobs are there nationwide?

how many adults of working age are there nationwide?

how many jobs were created this month that pay more than 24K? - which is still poverty in the modern world.

NOT EVEN 2K gross take home is living? where? Texarkana?

on a W-2 that is 400.00 a week net? 

stop lumping in part time shit jobs with job creation.

how many people are not working?

how many people not working are ineligible for unemployment benefits?

_______________

are we really so stupid and gullible that we need these birth / death / extra special sauce formulas that mean nothing to blow sunshine up our 

collective asses to feel better and to be able to lie ourselves into thinking things are great when they are not?

to be fair, why not show the percentages / changes from the previous month / year... on a separate chart!

______________

back to the basics- 1:1 

stop with the fuzzy math and snake oil equations already.

 

Thu, 10/09/2014 - 10:09 | 5308332 tempo
tempo's picture

Part timers don't qualify for unemployment. your hired, laid off in 3 months, "I feel your pain, but I don't give a damn!!!! Official policy. Of course the number applying is a record lows. There's are record low full time workers.

Thu, 10/09/2014 - 10:58 | 5308627 The Merovingian
The Merovingian's picture

Ding, Ding, Ding ... we have a winner.

Thu, 10/09/2014 - 10:10 | 5308335 rejected
rejected's picture

Bullshit really does sell, as government has just proven in this article.

Thu, 10/09/2014 - 11:15 | 5308724 Bemused Observer
Bemused Observer's picture

I suppose they could always hire a bunch of folks so they can fire them en masse in a few months and make it look like they are 'cutting costs'.

Thu, 10/09/2014 - 11:26 | 5308778 theyjustcantstop
theyjustcantstop's picture

how many people were hired by political groups over the last 3 mo.'s.

judging from the phone traffic at my house, it has to be millions, if their lucky maybe they can morph into part-time christmas help, after the elections.

Thu, 10/09/2014 - 11:34 | 5308811 Bumbu Sauce
Bumbu Sauce's picture

Record number of men and women moving back in with their parents.  No need for income when mom heats up your sphagetti-o's.

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