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Initial Jobless Claims Surge Above 300k, Highest Since June 2014
Tumbling retail sales and now surging jobless claims... perhaps the "low oil is awesome" narrative is not true after all. Initial Jobless claims surged to 316k (smashing expectations of 290k) and has not been higher since June 2014. The BLS reports no unusual activity - so economists can't hust shrug this one off. Details on state-by-state job losses are lagged a week so we will not know if this is Shale Oil region-related but yesterday's Beige Book and day after day of announced job cuts by the energy sector suggest it is.
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And suddenly shale will become unimportant.
What the shale?
Beige Book comes out yesterday and Oil turns on a dime and comes roaring back.
Where have i seen this before...?
oh yeah, everywhere.
Talk about insider collusion.
Perfectly legit if youre goldman/fed
Shit's coming unraveled, my friends.
I Live in PA, state worker told me Monday had record number of calls for unemployment claims.
Something maybe happening, but no unraveling yet.
HiJack...Target pulls out of Canada lays off 17K ...it starts
http://www.am980.ca/2015/01/15/target-pulls-out-of-canada-all-133-locations-to-close/
http://www.bizjournals.com/houston/morning_call/2015/01/morning-biz-dige...
radio shack has been dead/dying for a decade or more. They announced they might BK 4-5 months ago, so no big news there.
Incredible but not surprising to me.
I saw them do there major overhaul to that zellers store they took over, massive renovations then huge staff when store opens yet no shoppers.
Big empty store, more employees than customers wandering the asiles.
Really surprised they lasted as long as they did.
I guess there will be more green shoots emanating from from the cracks in the vacant parking lot pavement soon.
Bullish! Cost cutting to prosperity!
... >>> "... Target pulls out of Canada ..."
... coitus interruptus ... :)
President Obama is going to decree that we workers get a paid seven sick leave today. That should make thing better. I love our dear leader.
....and will drive up costs on employers....leading to even more downward pressure on hiring.
he's the single best salesman of firearms, too.
... President Obama is going to decree...
And during the announcement he will be wearing a crown… and a red clown nose ;-)
Looney
Winning!
Oh, we gotta let the holiday help go at somepoint.
The democrats will simply pass a law whereby it will be heretofore illegal to lay anyone off.
They already have those laws in Europe. It was almost impossible for GM to close the Opel plant. You have to stand on your head and go through very painful processes in Europe to layoff or close plants. But hey, with John B. as speaker again, we might just get those insane laws passed by the Republicans as well, who will figure out how to benefit from them somehow.
John B. embodies the worst this country has to offer. That crying whore pedophile adulterer needs to see justice pronto.
What the fuck is oil up on helium?
More like methane
Clearly you didn't see GS report saying the oil will dip below $40, which means they peddled lots of short oil contracts with GS on the otherside. That's why oil is up and will contiune to rise to $60.
Goldman Sachs, the thinking mans contrarian indicator.
Good question. I think investors are that stupid. Oil stocks drop 15% on bad news. Investors see the price low, so they buy thinking they are getting a bargain. They seem to forget the bad news, and that it hasn't gone away. Those people deserve to be removed from the gene pool anyway. Just enjoy it.
http://www.bizjournals.com/houston/news/2015/01/13/halliburton-cuts-hous...
it's up because of the shorts and they will screw us till they can't. all this positive for QE4 comming soon to a bank near you. I know credit Suisse is selling thier holdings in America just sold its stake in the company I work for the Swiss has got something going on that they are protecting themselves.
QE4 is going to start today. Whether announced, or properly accounted for, or not, the spice is going to flow. There is a lot of unpayable margin call out there to bail out today.
Or, perhaps they're just going to see who can swim or sink. They want their 1 world bank and they want it now.
By they, you mean the church?
http://www.forbes.com/sites/timworstall/2011/10/25/the-vatican-calls-for-world-government/
Ring ring....ring ring...
Hello, this is E-Trade baby.
Yes your trading account margin is -$100,000...please pay by market close.
*hurl*
Shovel ready Shit.
I don't believe Mr. Market got that memo.
Lesson to psychopathic bankers. If you control commodity prices, you have to control ALL of them, up to and including oil. Crazy camel fucking saudis who tank the marked just because they can't have all the toys should have been accounted for a long long time ago. here endeth the lesson.
Target canada closing 133 store
17600jobless!
It's terrible for SunnyVale...overturned burning cars and kids throwing bottles everywhere....looks like a tropical earthquake golfed the place!
let ISIS take Saudi and everything will be swell.......
Work is for suckers, man... It's a stone cold groove staying home, playing Call of Duty and Bejeweled Blits, or whatever... I just needs to get my medicinal hoopy doopy renewed, watch the neighbor man go to work. Squaresville. I'm not sure if that's sarcasm, or what I hear every day in my head, driving in.....
A long line of stupid,moronic foreign policy decisions by the Obama Administration along with their NATO ally puppets always spells economic disaster.You can't even count the number ofpoorly thought out policies.It's Looney Tunes!!!Daffy Duck & Bugs could run things better.
https://www.youtube.com/watch?v=fQGf-CQeul4
1 in 12 were below the poverty level 6 years ago in the USA. 1 in 6 are now below the poverty level. I wonder what happened the during the last 6 years??? hmmmmm
Those aren't jobless claims. Those are FSA applications. The FSA provides full employment. When the State decides to cull the herd, thats The List.
demographics and robots ..... just think how great it will be .... no one in USSA will be employed or speak english.......
Things are so bad I heard rumors the sec is laying off 6 Midgets.
They all quit to get some of that free community college action. They will return to their part time jobs after they get an associates degree.
Lies...Lies.....I heard Obama and co. saying things are great. Who you gonna believe?
soaring unemployment is the surest sign of an improving economy