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Despite Biggest Spike In Job Cuts Since 2011, Jobless Claims Hover At 15-Year Lows
Initial jobless claims rose very modestly from last week's 15-year low levels and hovers at a stunning 262k - indicating everything is as awesome as it can possibly be. Which is odd... because as Challenger-Gray notes, April saw the biggest rise in job cuts since 2011 (and the worst YoY increase for April in at least a decade). Job cuts were concentrated in the energy sector on an unprecedented scale.
Initial Jobless Claims are as low as they have ever been... (remember the last time they were this low, stocks crashed in the next few months)
But Job Cuts in April were the largest since 2011...
With job losses led by the Energy sector... on a scale not seen during the last oil price selloff
It's different this time.
Charts: Bloomberg
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SNAFU
Bald, in-your-face, propaganda, lies, whatever you wish to call it. Anything but the truth "you can't handle the truth"...
And if you're one who knows the truth and talks about it, you're one of them 'ISIS' guys.
"You can take this job and Covet"
robots will help the Un employed: google to the rescue, er wait:
Mock-ups of the so-called ‘crabots’ are featured in lengthy planning documents submitted to the City of Mountain View Council in Silicon Valley and seen by AJ this week.
As revealed last July, the tech firm has commissioned Thomas Heatherwick, BIG and engineers AKTII to design its extended HQ, which will house 20,000 Google staff.
The ‘crabots’ are described in the documents as a mash-up of flexible crane and robotic machine.
Much of the internal design of Google’s new HQ will depend on the success of the robots which will roam under the gigantic canopies of the sprawling site and lift and shift pre-fabricated components, furniture and services
I was watching that show "Top Gear" on Netflix and there was a big propaganda piece about how much mechanical equipment the Brits still produce. The goal of the piece was to make it look like everything was awesome but they were standing inside an massive auto manufacturing (assembly) plant that had a grand total of one human workman, he was driving a hi-lo. Everything in the plant was being done by machines and I would guess the hi-lo guy's bosses were in the conference planning on how to get rid of him soon as well.
The Feds like ISIS. If you tell the truth you are a Tea Party terrorist.
Not really, if you have not worked with withholding tax for a number of months you can't file a UI claim. The big bulge of claims was exhauseted long ago.
The number not talked about is how many have dropped out of the trackable work force.
Jobless Claims Hover At 15-Year Lows
98 million jobless Americans look on that statement in shock.
And mad as hell. Once you are jobless, they never ever count you again!
BUT ~30mm are fully capable of working and instead are receiving several thousand per month NOT to work.....UI, SNAP, Disability, etc, etc.
they are laughing at those working for low wages.....
Having trouble with the math.
320 million Americans.
98 million are jobless.
Unemployment 5.4%?
5.4% of 320 million = 17.280000
30.7% of 320 million = 98.240000
Perhaps a decimal point was misplaced and no one caught the error.
Retirees 120 to 130 mil and growing........
Cut me a break, I'm a blonde, and math is hard.
Cuz you're doing common core math wrong, the answer to the math is whatever they say it is.
the 5.4% is of working age people. strip out infants, retirees, 4th graders, 'disabled', etc, etc....oh, and those millions of working age who have "dropped out" of the calculation after giving up looking.
ps....does your 320MM include the 15MM+ illegals obama has let in...?
15mil illegals probably isnt close.....when u here 11 mil for years they will assume you think t is 11 mil........i bet its closer to 25..40 mil...
Ready for another day of gold getting smashed and stocks rising?
Me too!
well, by now those who lost work permanently back in '08 have fallen off the govt statiscal charts for good. officially, they no longer exist.
when ALL the fat has already been trimmed, you dont want to trim the meat. its why layoffs are so "low".
Worst since....
Everybody knows they're not really job cuts if they don't affect jobless claims! Jeezzz where have you guys been. The recovery is really beginning to take shape now. The shape of an uncontrolled mob which is exactly the intent of our rabble rouser in cheif.
Congressman Louie Gohmert (R-TX) says he understands why people are cautiously suspicious.
Gohmert issued a statement yesterday regarding Jade Helm which says, in part:
I'm not doing anything wrong, why should I worry about the government?
Now what did I do with that /sarc?
You could quote a sane Congressman(if it weren't an oxymoron)
Meanwhile 48 Million Americans collecting food stamps.
Hell yes, it's a new record!
Get it through your thick heads, Zeroes, it's a mother fucking conspiracy!
Get this through your thick head, it's a mother fucking recovery! This is it, OK? This is as good as it gets or is likely to get for a very long time. So we might as well call it a recovery and start liking it.
What? I just can't believe that!
Remember kids, unemployment only works for those jobs that qualify for benefits. The 'shadow' job sector isnt counted. Begs the question, what percentage of all jobs qualify for unemployment benefits? Has that structure changed since the last recession?
I'm betting this is the answer. They've rigged every other system, why not jobless claims too? Make it really hard to qualify, and then make you do a mountain of paperwork to stay on. The government is a fraud from top to bottom.
A classic "all is well" move....
Important electronic market breaks....
smash gold, lift bonds and stocks....
brilliant and comical all at same time....
GLTA
The Greatest Trade that will ever be told....
Short paper gold, long physical gold...
same play as TPTB are putting on
GLTA
Maybe they were so busy looting in Baltimore they forgot to claim their free shit?
I'm just trying to be helpful here.....
more money for baltimore, every other citizen a welfare doo gooder, a cop or lawyer or judge or god forbid a politician and lastly the finance investing industry. t rowe price .we got a service economy after all...which feeds on the remaining poor..thats why we import poverty(migrants) to keep our service econ going. schools which train the kids to be happy as serfs..
Of course, just waht was needed to knock Gold and Silver!
It's a pretty simple playbook, it's just the one play.
Dont those working in Oil Industry and were laid off eligible for unemployment benefits or is the government fudging the numbers again?
The schrodinger employment market in full view.
http://www.zerohedge.com/news/2015-04-13/confusion-over-us-unemployment-continues Confusion Over US Unemployment Continues
Independent Contractors
cannot file for claims, but are part of the birth death model.
ie--most of the outsourced software companies are overweighted to independent contractors--so when the big companies stop doing projects,, there is no problem in telling the contractors go home and wait for a call.
The labor dept. seasonally adjusted 230000 jobs for the month. So make sure you factor those out.
The more EBTers the more trash on the ground. I grow 8-10% per year in service. Please more graffiti too, $40 a tag. A man can't live on pennies alone.
Gold Bitchez.....I pick up pennies
The only number that counts is the participation rate - both official and under the table!
. . . . and no mention of the collapse in continuing claims as well. As long as the economy is adding net jobs, and the initial claims number stays here, everyone should be happy. Why are you not happy?