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Initial Jobless Claims Rise, Unchanged For 6 Months; Continuing Claims Surge Most In 6 Months
Following last week's dip back towards record lows, initial jobless claims rose very modestly this week to 297k (slightly worse than expected). This leaves initial jobless claims practically unchanged for the last 6 months, despite the surge in JOLTS that we saw in recent months. Rather oddly, continuing claims rose by their most in 6 months last week to 2.265mm.
Initial Claims going nowhere...
Continuing Claims Surging...
Charts: Bloomberg
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The new normal
Boehner and McConnell are having a prayer meeting hoping Obamacare won't get overturned.
Because they really care for you.
bullish...
<-- What difference does it make?
<-- Everything is Awesome!
They will continue to rise.
Remember that new claims need to be supported by a period of W2 employment not already used up by prior claims. So that dilutes the new claims numbers. The "worse than it looks" scenario. Which applies to pretty much everything now.
Blah blah blah, the center and supply lines will not hold...
It's hammer time!!
The fact that inflation is "fhs answer" does make "recovery" the question.
In fact we are indeed in a midcyxle correction...just happens to be in the debt markets.
Sounds to me like the premium remains in liquidity not gold...and certainly energy prices have really been moving a lot stronger than gold.
It's a repeat of the 70s show...stagflation ahead.
...precisely....I'm long on platform-shoes and bellbottoms...
I would advise to going long on shiny silk shirts too!
Don't forget the disco balls and old BeeGee's records!
and the very best of Neil Diamond!
And therefore Gold is down? Too much supply?
Too much supply of naked short furture contracts
CB price supression
Retail sales jumped 1.2% last month and were significantly revised up for March & April as well. Those who are WORKING ( 95% of people) have plenty of money to spend it seems -- shopping malls, restaurants are packed.. I have also seen far fewer discounts & promotions especially on cars since those who don't want to pay full window sticker MSRP can just lease for $399 a month.. Car dealers are making huge profits these days on leases
Welcome to the new econonmy.
Where H1Bs are pushed and Americans are pushed out.
The goal is to push wages lower (costs) and prices higher. Therefore increasing profits and bonuses for high level managers.
too bad there will be nobody. left to buy anything
More lies each day!
Claims goes up and so do mortgage apps....coincidence?
http://bloomberg.econoday.com/byshoweventfull.asp?fid=466675&cust=bloomberg-us&year=2015&lid=0&prev=/byweek.asp#top
"Following last week's dip back towards record lows, initial jobless claims rose very modestly this week to 297k (slightly worse than expected)."
Incorrect. Jobless claims rose to 279k from 277k previous.
With inflation running 6-7% a 1% increase in retail sales still means the economy is contracting by 5-6%.....SO SOS the economy is a lie as far as growth. My Mother in Law just got her assisted living increase its 4.5%....last year is was just 4%. Her provider spun it as still below the market which they said was over 5%. Not anywhere close to her measly increase in Social Security. Oh and her drug bill and her insurance both up over 5%.
My biz is the food biz and its soft in spite of good traffic. Restaurants are more promo driven with longer happy hours and free entrees with purchases. Took the wife and son out to Aubelo's last night as they had sent us a free entree for our anniversary (#35). Had the seared tuna which came back on the menu after it had disappeared for a couple years. Smaller and more expensive. The usual for us is the Monterrey. Price now $17.99. Three or four years ago is was $13.99. Smaller portions, no avacado with the chicken taco. Little things to shave costs. My opinion is the restaurant biz has been the number 1 beneficiary of lower gas prices and prices have been increased due to higher food costs. Shows up as higher sales but the businesses supplying the restaurant biz are not seeing the increase in pounds. Reason is smaller portions. So consumers are getting less food for more money.
If they are playing the come on game which is rampant. Consumers are at least neutralizing some of the increases. My favorite on is Papa John's 1/2 off everytime the Royals win if you order online. Know from son in St. Louis same there with the Cards. If you are saavy and playing the game you are holding your own. If not bend over those 2 pizza's that used to cost you $20 are now pushing $40. I know from watching the sheep when I pick up ours that lots of them are paying the higher fare.... What's that about the fool and his $$$.
where is this that still has 'Happy Hour' which I thought was banned in most states, free 'entree' with purchase & $17.99 for entree with mean (most restaurants charge at least $30 for such an entree with meat). Papa Johns?? low end crap like McDonalds that seem to little every highway rest area...
We still have happy hours here in Nevada. My favorite sports bar here in Reno (Bully's) runs theirs from 11AM - 6PM!
We just got Happy Hour back in Kansas. If you are paying $30 for a Mexican Entree you are way screwed. Taco, 4 enchilada's 2 chicken and 2 veg. Along with beans and spinach with corn sides.
http://www.abuelos.com/menu/
I think Papa John's puts out a decent product. I haven't eaten at McDonald in years maybe even a decade so can't compare.
Somebody is lying and it's not me
Pay no attention to these numbers, more 29 hour/week jobs waiting tables will be added next week to force them back down. Nothing to see here, move along and buy moar stawks!