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Jobless Claims "Good News" Is Bad News - Dow Dumps Into Red For 2015
Great news... jobless claims are at 42 year lows. So sell stocks, sell 'em all...
Charts: Bloomberg
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"Jobless claims" is just statistical noise, it's not a meaningful number to use for understanding the economy because it is subject to too many external variables. A far more meaningful number is the workforce participation rate, which is now as low as it was in 1977, during the early days of the massive move of women into the workforce.
Fed rate hike imminent 2016-2026.
Consumer comfort lowest in 5 weeks so buy 'em. Buy 'em all...
I saw a sign that told me the BIG DATE is 10-10-2045.
Work back words, apply Armstrongian analysis, figure one fast set of great turning cycles crammed into 30 years....
Then, those of us still around and thriving shall see, eh?
It was on a cartoon character's t-shirt though, be warned ;-)
We're nearing perfection where no one has a real job, but it'll be awfully crowded at the 'fun' camps.......
Is a "real job" one that is personally fulfilling, beneficial to society and non-destructive to the environment, or is it another iteration of "fun camp"?
I've had both kinds, but the "Bataan death march" programming projects are the most fun.....
Is it safe to say this market's broken yet?
DavidC
Pretty safe, Dave.
Pretty safe.
... if 93 million over-18 Amerkans are out of the labour force (with 46 million on foodstamps) ... >>> http://investmentwatchblog.com/with-46-million-on-foodstamps-and-93-million-out-of-the-workforce-a-defense-budget-this-big-is-unjustifiable/ ... and approx. 75 million are children or under 18 >>> http://www.aecf.org/resources/the-changing-child-population-of-the-united-states/ , and with a total US population of approx. 319 million which means that approx. 244 million (319 - 75) could potentially be on the work force ... would it make sense that out of 244 million, only 151 million are on the labour force (employed or underemployed) ... which would give USSA an "unemployed" percentage of 38.1%?
... this is echoed from a similar thread .... >>> http://www.zerohedge.com/news/2015-07-23/initial-jobless-claims-plunges-lowest-level-42-years#comment-6345091
Well you're never getting a government job at this rate.
Bzzt. Wrong. Jobless claims are not noise. They are 100% signal. But, they are completely manipulated, so you have no idea what the truth of it is.
> jobless claims are at 42 year lows. < So are the number of jobs!!
"So are the number of jobs!!"
Bingo! It's easy to have low jobless claims numbers when there's low employment numbers, there's fewer workers to make claims when they're laid off!
"When it gets really bad, you have to lie!"
RIght. Imagine what will take place when the next round of layoffs jerk the "official" unemployment figures above 15% again! First of all, try to imagine what the economy feels like then. Then, imagine the whoppers they will have to spin to make it all good.
From my MMG blog...
"It is also unclear how this number is affected by the near 40-year low in the Labor Force Participation Rate. Our take – if the labor market was so strong and wages were rising, the Fed would have been hiking rates long ago…it’s just not the case."
Jenious!
Just buy stawks in China where the government will safe keep them for ya!
"Just buy stawks in China where the government will safe keep them for ya!"
...and buy'em on margin!
There, fixed it for ya.
Cue mysterious panic buying in US ""markets"" in 3...2...
Well, now that the unemployment numbers look really great, and nearly everyone who wants to work is working (not such a great number of people working actually, eh?), the talking heads are realizing that things still suck. Imagine that. So maybe they rehearsed their show last night looking in the mirror and scared the crap out of themselves that soon people might actually believe they are total fools. Watch the migration off the "everything is great" band wagon as time rolls on...
The DOW is down - good - fuck 'em. Anytime 1 American gets a job and can better support his family - it's bad news for the bottom feeding blood suckers on Wall Street. What a fucked up system.