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Jobless Claims Over 300k For 3rd Week, Spike In Shale States

Tyler Durden's picture




 

Not "unambiguously good" as Shale states see initial jobless claims spiking. Overall initial jobless claims missed expectations for the 4th week in a row, holding above 300k for the 3d week in a row (for the first time since July). At 307k, this week's print is below last week's but well above the 300k expectation. However, across TX, CO, ND, PA, and WV, initial claims (1 week lagged) rose to over 75k (from 30k in October)... "crisis has passed"?

 

Houston (and CO, ND, PA, WV) we have a problem...

 

and overall the picture of a crisis that has passed looks to be fading...

 

Charts: Blomberg

 

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Thu, 01/22/2015 - 09:47 | 5691870 Dr. Engali
Dr. Engali's picture

But his Lord and highness Pres. Obama said things have never looked better in Utopia.

Thu, 01/22/2015 - 09:50 | 5691886 ArkansasAngie
ArkansasAngie's picture

I hope they choke on that phrase ... the crisis is over.

 

The first political party who tells the truth will win in 2016. 

 

5% GDP?  Hahahahaha

Thu, 01/22/2015 - 10:07 | 5691975 stant
stant's picture

Oh but that crisis is over, we have a new one brewing now. " bring out your bonds bring out your bonds"

Thu, 01/22/2015 - 10:18 | 5692023 casey13
casey13's picture

Not all jobs are created equall. Replacing high paying jobs with Mcjobs is not a recipe for success.

Thu, 01/22/2015 - 10:37 | 5692102 knukles
knukles's picture

Oh, well you must be a registered Republican, because we Progressives out here in the Great People's Feasting Upon Other Somebody Else's Money believe that everything is equal.

Thank you for your comment.  Everybody will get a Certificate of Participation as the edifice collapses on their way home.

Thu, 01/22/2015 - 10:06 | 5691976 TeamDepends
TeamDepends's picture

Don't hold your breath waiting for our political party (there is only one) to tell the truth.  They are evil, but not stupid.

Thu, 01/22/2015 - 11:00 | 5692197 JRobby
JRobby's picture

After the reset. I think 8% - 12% GDP is a reality.

Never under the CURRENT CRUSHING DEBT LOAD

To let 5% even escape from your lips you are really saying: "you people are idiot fucks, trust me, it will be 5% and it will all be great!"

Thu, 01/22/2015 - 10:45 | 5692130 kappal_toba_dhu...
kappal_toba_dhurr_ne_thook's picture

A couple of hits of medical marijuana and you will think the same thing!

Thu, 01/22/2015 - 11:04 | 5692205 PTR
PTR's picture

But his Lord and highness Pres. Obama said things have never looked better in Utopia.

Do you live in Utopia? 

Well there you go. Problem solved.

(For the record, I've not met one of these Utopians he speaks of, yet.  They seem very elusive.)

 

 

Thu, 01/22/2015 - 09:46 | 5691871 SethDealer
SethDealer's picture

"cheap oil is good for the economy"

Thu, 01/22/2015 - 09:49 | 5691882 101 years and c...
101 years and counting's picture

mr yellen better get to work: print more money so the banks can ramp up oil futures.

Thu, 01/22/2015 - 09:49 | 5691892 Quirkel
Quirkel's picture

The king of fantasy land dismisses this data as irrelavent...ALL IS WEll!!!...the king has decreed it so...besides...his court jester says this is transitory....no problem

Thu, 01/22/2015 - 10:00 | 5691933 oddjob
oddjob's picture

According asswipe mathematics 24 rolls is now equal to 12 rolls. so 300K is the new 150 K.

Thu, 01/22/2015 - 09:52 | 5691903 replaceme
replaceme's picture

Who gives a fuck?  Quirkel's right, what good are numbers when you have message?  All good.  I heard chocolate rations were being increased again.

Thu, 01/22/2015 - 09:55 | 5691920 quasimodo
quasimodo's picture

Yes it's true comrade. Your rations of victory chocolate has been increased to 10 grams per week! Well done comrades!

 

Thu, 01/22/2015 - 09:57 | 5691925 q99x2
q99x2's picture

Let the workers go to community colleges and the strippers return to LA.

Thu, 01/22/2015 - 10:25 | 5692054 Never One Roach
Never One Roach's picture

 

 

Transfers of benefits to individuals through social welfare programs have increased from less than one federal dollar in four (24%) in 1963 to almost three out of five (59%) in 2013.

In that half-century, entitlement payments were, Eberstadt says, America's "fastest growing source of personal income," growing twice as fast as all other real per capita personal income. It is likely that this year, a majority of Americans will seek and receive payments.

 

Mushrooming Welfare State Alters America's Character

 


http://news.investors.com/ibd-editorials-on-the-right/012115-735564-welf...

Thu, 01/22/2015 - 10:48 | 5692137 Omen IV
Omen IV's picture

 

"Mushrooming "Welfare" State Alters America's Character "

WELFARE is: $1.2 TRILION  spent on MIC welfare - covert and military action

WELFARE is: $3 TRILLION spent on BANK welfare  by Fed

 

 

 

Thu, 01/22/2015 - 09:59 | 5691928 yogibear
yogibear's picture

Folks QE 4 is coming. This time the Federal Reserve goes Krugman.

QE 4 will be $170 billion/month.

Deficit goes to $20 trillion.

Thu, 01/22/2015 - 13:11 | 5692727 Rockatanski
Rockatanski's picture

or they let the ship sink. at some point it has too, right?

Thu, 01/22/2015 - 14:15 | 5692980 woody188
woody188's picture

They will make us reach parity with the Yuan before it ends.

Thu, 01/22/2015 - 10:05 | 5691963 JRobby
JRobby's picture

Get ready for weeks of this number climbing. Until / Unless the media supresses it.

Bubbles!!!

Thu, 01/22/2015 - 10:07 | 5691983 Burls
Burls's picture

The market has to be pumped up to get the calls into the money by Friday.

Thu, 01/22/2015 - 10:16 | 5692012 Jack of All Trades
Jack of All Trades's picture

So bullish it hurts!

 

Thu, 01/22/2015 - 10:21 | 5692041 insanelysane
insanelysane's picture

eBay and AMEX announced layoffs so I'm sure the number will go down soon as those people quit the workforce.

Thu, 01/22/2015 - 11:30 | 5692326 GMadScientist
GMadScientist's picture

Someone tell Springsteen there's another failed American industry he can write about.

Tried to punch a Russian but hit North Dakota instead.

Thu, 01/22/2015 - 11:49 | 5692384 ajkreider
ajkreider's picture

I don't think Tyler knows what "unambiguously" means.  It doesn't mean good in every respect, with no downside. 

Thu, 01/22/2015 - 16:36 | 5693580 Youri Carma
Youri Carma's picture

An other kick in the Nuts! http://youtu.be/y-zpvAS4yMg?t=7m30s.

Extending Low Oil Prices Kick the U.S. 'growth' Economy right in the Nuts http://forum.prisonplanet.com/index.php?topic=264446.0

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