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Jobless Claims Jump Back Above 300k As Shale State Losses Mount
As the noise of jobless claims data once again ripples through the narrative of unequivocally good low gas prices, initial claims in Shale States continues to trend higher. TX and PA saw the largest rise in claims (from the Shale States) lagged a week. Overall, initial jobless claims jujmped 24k to 304k (above the supposed Maginot Line demarcating the "everything is awesome" from the "we're gonna need a bigger QE") missing expectations by the most in a month.
Initial Claims trend appears to have seen a regime shift...
as Shale States continue to see a trend higher in jobless claims... (4-week average used to smooth noise)
Charts: Bloomberg
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http://www.dailyjobcuts.com/
Its not just the oil patch.
shit. maybe i should go BACK to community college (AGAIN)
Root for the fuckin' bread lines!
So, not fixed then?
<< maybe i should go BACK to community college (AGAIN) >>
Why not? It's Free !!!!
Why do these charts seem to follow me around my working in the oil patch? I might resemble them. Maybe I should find a different job? LOL lol
How can this be? With all those snow shovel ready jobs on the East coast.
That's it... I'm moving to Hooverville.
IT IS TIME FOR MEGA QE BITCHEZ
But the GREAT news is that the Dear Leader Obama recovery has made it so that these people will have to take two part time jobs, delivering pizza and flipping burgers, at 1/4 the pay. Lower government unemployment number!!! Yea, Dear Leader!!!
They can mow their neighbor's lawn in the summer as well. Three "jobs!!!"
</s>
If I cut my neighbor's lawn and in return she bakes me a cake, is it
a) two taxable jobs
b) a barter arrangement requiring taxes being paid
c) neighbors being neighborly
Obama would choose A
The IRS would choose B
Sensible people would choose C
D- they're both deemed terrorists for ever thinking they could trade goods or services without the bankstars share being paid.
"shit. maybe i should go BACK to community college (AGAIN)"
Excellent idea. Take a car loan for it.
But community college will be free. But take the car loan anyway! You'll need some spending money at college.
Fixed
Fixed
Fixed
Fixed
Fixed into the shadow of darkness
Fix your bayonet and into the valley of death
Does a snap card glow in the dark??
Could this be the reason the US is hellbent on starting a new war in Europe? After the war - so their plan - it will be claimed it was "obamacare" and "middle class economics" that solved the crisis for good.
After the war, there might not be too many here, if we have it with Russia. The only crisis to solve will be how do so few survivors dig so many graves...
Same as it ever was, nothing has changed! Lies are what this govt is about! And they are going to give ILLEGAL ALIENS tax refunds, even if they paid no taxes, aren't we a generous lot.
And, they, .gov, are going to give BANKS/TBTF billions of dollar even though they fucked up the system. We are a generous lot.
And all I do is pay for everybody else. I are a generous lot.
Don't you feel like the .gov is holding you upside down shaking every freaking penny out of your pockets? I do!
Yeah Philo, that is another thing that peeves me! Corporate welfare, on top of social welfare. All they have to do is print money out of thin air, don't ya know, LOL!
Americans have become 2nd class citizens. Can see why Americans are renouncing their citizenship in record numbers.
"Americans have become 2nd class citizens". Actually, American citizens have become second class citizens. Anyone else who walks in "undocumented" for the free handouts doesn't have to pay the $2,350.00 fee (a few months back it was $450.00, and before that, it was free) to give up US citizenship to get out permanently and keep the money they worked for their whole life. Only the freeloaders and non-citizens (who are called Americans) get the "first class" status.
Ahh..but your missing the point...
See, using the common core math...they figured that the aliens would spend the free money..thereby boosting the economy AND paying taxes.. perfect! Its a win win win for erybody ..doi.
You just gotta think common core-ly ..like they do.
:/
Looks like somebody needs to sell some gold.
Prepare For More Fake Russian Military Aggression As Ireland’s Press Claim They Need New Jets
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Living in one of the oil states I can say with facts, we did not suffer as much with the housing crisis debacle. Now with crude getting crushed, i am noticing the effects of punishing Russia all in the name of national security. The usa corp will protect its MIC at all costs even sacrificing its own people.
In summary, I guess its the oil states turn to meet Mr. Karma.
This move is not protecting MIC. It is 100% about obfuscating and extending the fractional reserve banking financial asset ponzi where phantom and senior claims on real flows of value concentrate "wealth" and control with TBTJ banks as they front run boom/bust cycles by abusing their knowledge of positions and control of the effective money supply. It is a takedown of owners of real assets and real options so they can convert fraudulent financial assets into real assets (at the expense if producers, investors and ultimately our national security...).
Is that why the "Treasury Department" is now part of the Department of "Homeland Security?"
What is the exit strategy there?
When you lose your job, it's a recession.
When I lose mine, that's a depression.
Yep, like when you stick it in her twat it smells, when you stick it in her butt, it stinks!
Good, moar unemployed. Who wants the burden of a job so you can support your family anyway? Take time out, sign up for SNAP, Zerocare, and enjoy life. Maybe paint a picture or take a dance lesson. Don't you fret, we will take care of you...... promise.
Signed,
Nancy Pelosi
Nancy says unemployment insurance boost the economy.
Was that really necessary this early in the morning?
Someone needs to put a muzzle on that hag
So What....DOW 18000 TODAY!
Oil is on a slippery slope.
The good news is that unemployment in the oil patch is growing.
There’s a derivative in there somewhere!
this is as strightforward as Ive ever seen. Oil craters--> oil industry layoffs. In contrast, the housing crisis effected nearly every state across the country and crushed alot of people's retirement and life plans no matter where they worked or lived. Unless youre in an oil state or working in the industry, this IS unambiguously good for you. I fail to see how the oil layoffs spread any sort of contagion across the US.
I don't know what you are smoking. I like higher gas prices and higher input cost. We need moar inflation, not less.
IS that you Janet? bwahahahha
What drove most of the job gains over the past 6 years.
Bartenders and Crabby patty flippers.
prove it. Someone show me data about how many O&G jobs were created over the last 6 years vs other industries.
Zero. You are right. And all those jobs that were not created did not result in more residential and commercial construction. And no money spent from those no jobs helped feed retail and other ancillary services.
What job gains? You mean the 101 million out of the labor force? bah...oh you mean the hamburger flippers and walmart greeter jobs, part time and minimum wage, forward soviet.
I fail to see how these "low" prices have any meaningful effect for people. Too damn little... too damn late...
I agree 100%, but the same policies that have lead to an oil and gas glut, that have lead to a shipping container glut, that have lead to a commodity glut, that have lead to a Red Lobster retaurant wannabe on every corner glut, that has lead to a retail glut, that has lead to a housing glut, that has lead to a currency glut to the point where banks don't even want your currency anymore, choosing instead to ship their customers US dollars to fixed and variable annuity providers, that has lead to an investment glut where the yields on bonds and stocks are at all time lows (ok I'm done with the glut part), will lead to the same type of collapse in Red Lobster wannabe restaurants, retail outlets, housing, banking, much of the bond complex and a gigantic pancake size splat in the stock markets of the globe. And, BTW, that is when unemployment will rocket higher in EVERY state!
When was that election again?
"Change you can believe in!"
Transformation you can revile!
I am sure it is worse than that.
Indeed.
Rather naive of ZH to attribute the lose to shale states and the petro complex when.... the larger economy still stinks and shows signs of going negative again very soon.
ISIL are hiring AND paying in shiny.
No worry stocks just keep going up.
until they don't...when is this shitshow gonna end?
OMFG - dumb black muslim lied
From CNBC:
"More Americans than expected filed new claims for unemployment last week, but the trend is consistent with a strengthening labor market."
LOL
LIESman and company need to be FIRED! They do a great disservice.
"... filed new claims...consistent with a strengthening labor market." I can't understand why anyone would ever turn on this channel and watch it. In fact, I wonder why anybody bothers to turn on TV at all. WTF?
As reported yesteday in the Wichita Eagle Sandridge Energy largest driller in Kansas with 28 rigs drilling at present will reduce its rig count to 7 a reduction of approx. 75% at the end of February......looks like more unemployment stats on the way.
Of course that also means lots of lost revenue for lots of suppliers, stores, hotels, and eateries.
"Jobless claims JUMP ...." .... lethargy picks up, sloth resilient, slovenliness steady ! The Obama economic recovery !
What recovery?
euphemism
Used in a sentence: The Campaign slogan Hope and Change is a euphemism for you are doomed and I'm just the guy to do it.
Living the life of an illega,l bitches ftw...fuck yeah.
More bankster "lay-offs"
Closter murder-suicide latest JPMorgan Chase & Co. worker death closter-murder-suicide-0209.jpg Authorities are investigating a murder-suicide that occurred in a High Street home in Closter Friday evening. (Justin Zaremba | NJ Advance Media) Myles Ma | NJ Advance Media for NJ.com By Myles Ma | NJ Advance Media for NJ.comEmail the author | Follow on Twitter
on February 09, 2015 at 3:51 PM, updated February 10, 2015 at 9:23 AM
"Money tends to create the most problems in marriages, so the lack of money when you've had it before--that seems to hurt the most."
CLOSTER -- A JPMorgan Chase & Co. employee and his wife were found dead in their home in an apparent murder-suicide.
It happened in Closter Friday evening, where the bodies of Michael and Iran Pars Tabacchi were discovered. Authorities say Iran was stabbed and strangled, while Michael died of a self-inflicted stab wound.
But it also happened in Jefferson Township in July, when police say Julian Knott shot his wife Alita before taking his own life with the same weapon.
There's no evidence to suggest the two cases are related, but Julian Knott and Michael Tabacchi shared an employer: JPMorgan Chase & Co. Knott and Tabacchi are the latest in a string of suicides by company employees over the past year.
When Li Junjie, a 33-year-old JPMorgan worker, jumped off the roof of the company's Hong Kong office in February 2014, the New York Post noted that it was the third death of a JPMorgan employee in weeks. Junjie was preceded by Gabriel Magee, a vice president with JPMorgan's corporate and investment technology arm in London, who jumped off an office tower, and Ryan Henry Crane, a New Jersey native and executive director with the company, who was found dead in his Stamford, Conn., home.
Alden Cass, a psychologist and author of "Bullish Thinking: The Advisor's Guide to Surviving and Thriving on Wall Street," said the deaths are not necessarily a trend. Suicides can happen in any high-stress profession and JPMorgan Chase & Co. is a large company, with 260,000 employees in 60 countries.
But, he acknowledged, the financial services industry is stressful, especially after the recession of 2008. Workers are still getting used to lower bonuses, less mobility and less job security.
Cass' patients often say they struggle with how to cope with those changes and the resulting effects on their lifestyles.
Michael Tabacchi (left) and his wife, Iran Pars Tabacchi (right), who went by Denise, died in an apparent murder-suicide Friday evening, authorities said.Facebook"Money tends to create the most problems in marriages, so the lack of money when you've had it before--that seems to hurt the most," he said.
Stress can exacerbate existing mental conditions like depression or alcoholism, Petros Levounis, chair of psychiatry at Rutgers New Jersey Medical School, said. Companies should encourage workers to find a balance between work and health, he said.
"The more we study these systems, the more we appreciate that leading a more balanced life that not only focuses on success and competition, but also in taking care of one's self, preventing burnout and having other outlets like exercise may end up in a more successful outcome," he said.
Bergen County Prosecutor John L. Molinelli made the results of an autopsy on the Tabacchis public on Sunday. The couple leaves behind a 15-month-old son. Authorities have not released a possible motive for the killings.
Michael Tabacchi had worked at JPMorgan & Chase since 2009 according to his LinkedIn page. The 27-year-old identified himself as a global custody product manager.
The company declined to comment for this report and did not clarify what Tabacchi's day-to-day responsibilities included.
In the past, the company has offered counseling through its employee assistance program to manage stress and depression.
Myles Ma may be reached at mma@njadvancemedia.com. Follow him on Twitter @MylesMaNJ. Find NJ.com on Facebook.
© 2015 NJ.com. All rights reserved.
Companies should encourage workers to find a balance between work and health, he said.
yes, quit working for the corrput and suddenly find either health, or in this case, the lack there of.
Claims, non-adjusted, still down 37K year over year. You ain't seen nothing yet (thanks, BTO).
The newly elected governor Wolf (D) in PA (who just replaced Jim Corbett, R), campaigned on the premise that he was going to tax the shale oil producers (to increase spending on everything that always sounds good to the citizens). He said they were "walking off with millions" and they should pay. Corbett had balanced the budget, and taxes were held steady. I know now that voters will believe anything, no matter how much it costs them. So if Wolf can't empty the pockets of the shale guys, because they are disappearing faster than Super Bowl tickets did, you have to wonder who's next in line to get fleeced so he can fulfill all his promises? I guess it's the "sheeple".
What the Frack! Can't we just false flag Canada already, for safety of course not oil.
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WARNING: Some graphic photos!
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