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Initial Jobless Claims Rise 12k To 6-Week Highs But Hovers Near 40 Year Lows
A 12k rise in initial jobless claims (on a seasonally-adjusted basis) missed expectations by the most in 8 weeks and rose to its highest in 7 weeks at 290k. Non-Seasonally-adjusted, claims rose a more interesting 43k but bigger picture shows the average of this noisy time series hovers near 40 year lows as low-paying jobs replace high-paying jobs... but remember a jobs a job in the eyes of the government propagandists.
Miss and rise.. but nothing too scary yet...
as the longer-term trend remains near 40-year lows...
Charts: Bloomberg
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Geez, why do you still show this data when it is obvious the books are cooked? Just like the rest of the economic data, it is all a lie. You just get off on chart porn or what?
Move along, this is Zero Hedge. Don't get the Tylers angry or they will do things to you.
You can't fire people that don't have jobs.
Geez, why do you still show this data when it is obvious the books are cooked?
Tradition.
US companies have cut to the bone. There are no more people to lay off without having drastic effects. So basically you will see turnover and closings only. Well, except for the few bloated pigs left but they are few and far between.
The only way we see large numbers again is closings.
pods
Bottom?
Trap door?
This stat will not move for years....flat as a pancake....the only thing that might affect it now is Obamacare going into effect....but its so rigged now I think it will never change...its a Democratic soundbite for the sheeple...
A burning structure eventually runs out of combustible material.
after christmas, we see sears, jcpenney, radio shack, and lots of smaller retail chains close.
And the 'market' goes...UP?!
DavidC
Now hiri g: unicorn wing maintanence technician , smoke and mirror operators.
Great pay at 5.75/hour some benefits no english necessary.
Great pay at 5.75/hour some benefits no english necessary.
My friends and I in China speak very good chingresh and will work for $1.50/hour . . . . may I have all American phone support jobs prease?
"Initial Jobless Claims Rise 12K to 6-Week Highs But Hovers Near 40 Year Lows"
Yeah, right . . . and I have a bridge to sell in New York.
Employment and workforce participation also hover near 40 year lows...