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Initial Jobless Claims Rise Most In 3 Months, 4-Week Average Lowest Since 2000
Having reached multi-year lows last week, this week's 17k rise to 283k (albeit noise), missing expectations for the first time in 6 weeks, is the biggest weekly rise in initial jobless claims since early August. Of course that's irrelevant as all the time there is no hiring, there is no firing and the 4-week average (less noisy) dropped to its lowest since May 2000 - though we are sure Fed heads will not be reassured by this data as they focus attention on inflationary expectations (having 'fixed' employment). Continuing Claims dropped to cycle lows - the lowest since Dec 2000.
First miss in 6 weeks and biggest weekly rise in almost 3 months... but trend is in tact
And Continuing Claims plunges to near 15-year lows...
Certainly looks like time to unleash QE4 eh!!??
Charts: Bloomberg
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I contend this doesn't matter much and is all noise. It takes our eyes off the big picture that is far worse.
You can't see the picture for all the smoke and mirrors
<= Repubs prevail in midterms based on low overall employment stats, ebola, etc etc
<= Dems prevail in midterms based on low jobless claims, obamacare, etc etc
The republicans will win because they rightly decided to push no issues and democrat turnout will be abysmal.
it's all a set up for next week...right before the election.
it'll be a FANTASTIC number...."Lowest in XX years!!"
Agree . Yet another conspiracy theory becomes fact.
Whisleblowers say census bureau numbers are faked.
http://nypost.com/2014/10/22/census-workers-manipulated-economic-data-new-whistleblower/
That's a great story. There's been little reporting on the missing BLS computers. Amazingly they disappeared or were whiped clean. Where's curt Gowdy on this?
I've not seen the WSJ cover this, and this analyst's research goes back several years
August Jobs: American Worker Displacement Reaches Record High
By Edwin S. Rubenstein on
September 5, 2014
Nice someone is pointing it out, yet he still clings to the fairy tale....
"as to the strength and longevity of the economic recovery."
It's tough when you get laid off from one of your three jobs.
Employers are merely gearing up for record Christmas retail sales. s/
I am starting to believe in the recovery.
If only that pesky Ebola would spread some more....that will help lower the UE number.
Long coffins bitchez!
I hate to hear about working
the fed changes the way they gauge inflation almost on a daily basis the latest one I like . going out side to measure the growth of the moss on the side of the fed building and then multiplying that by a factor of 1000 and then moving the decimal point, and thus there will never be a interest rate hike,
Yet another piece of good news to explain why the Dow is up 200+ points. More people on the dole...bullish!!
Wait, did I misspell that?