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Explain This...
Initial jobless claims rose modestly this week but remain near 40 year lows as hoarding continues, and job cuts are at 4-year highs. So, we ask, just what is going on in this chart?
Charts: Bloomberg
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Sometimes you just have to lie???
Sometimes? ??? This is the BLS we're talking about, now.
It's either lie -or- be found nailed to a post, literally...
BLS = Big Lying Site, no?
Big Lie Seller
Same thing as 2011?
We got seasonally adjusted into prosperity.
only when the situation is serious enough
The situation is desperate, but not serious.
doom
They were told not to file for unemployment?
Is it because the police are murdering citizens at a higher rate this year?
Somehow it will be the Koch Brothers fault.
Fuck the Koch brothers. They should have their skin fileted off, then be burned to death!
Why be so easy on them?
More 1099 ers and shared economy types. No deductions. Better pay. Why pay into entitlements you'll never receive?
Really, really, really hot weather prevented them from going to the unemployment office?
Aw, shucks... just BTFD and move on.
The battery in their TI-30 finally failed?
My TI-30Xa is still going strong, but I do worry that by the time the battery fails, those batteries will no longer be in production, so I live in fear.
Hoarding? Did someone say hoarding gold? NO NOT THAT!!!!
MRE's and guns, and ammo, more like it.
I bought some MREs awhile back. They were more plastic bullshit than actual food. Maybe I just got the bad ones.
No, you got the GOOD ones.
OT, but... I had some Mountain House in the whse. from 2008. Definitely Not a 'controlled environment' and definitely Not under the max. temperature suggested for storage. In any event, there wasn't any food for dinner one night a couple weeks back so I decided to open one of the pouches up for chow. Rice & chicken. Came out perfect. No hint of staleness and actually quite good for a 'survival' meal. So there ya go... Start 'dollar cost averaging' some of this stuff into your monthly budget. You won't be sorry you did.
Explanation:
Lavorngnanomics.
The same way the BLS cooked up a scheme to include the rent that you would have paid yourself, if you rented the house you now have a mortgage on, into tthe GDP to make the GDP look positive, when we had decades of negative GDP growth, due to closing 50,000 or 60,000 factories, firing the American employees, and shipping the jobs off to mexico and the far east. Nice job BLS, we'd all be in jail if we cooked numbers so obviously.
It's all for our own good.
They do it cause they love us. Its not easy to keep this hot air balloon of market optimism aloft with nothing but the offgasses of decaying rot and shit. And all of it contributing to "climate change" tm
"When things get serious, you have to lie"- some stuffed shirt.
same as it ever was...
but, like mildew between the bathroom tiles, it gets worse, much worse, as time goes by, without cleaning. And, god knows, we do need a very good cleaning.
Well, you take a purple pen and make a squiggly line, then you take a green pen and make another squiggly line but somewhat different, place it on a graph throw in a couple arrows and a circle and voilà. There does that help?
A lot of folks surrendered their citizenships as soon as they were let go. Makes sense now. LOL.
When the Military lays you off can you file for Jobless Claims?
Yes. And the federal gov't (branch of military) is charged 100% of the benefits paid. Reimburses the unemployment benefits agency (Dept of Labor administered by the states) dollar for dollar.
They forgot to adjust for layoff season.
Leaving aside the pop from the army reductions, Challenger only looks at larger companies that report layoffs. Small and medium business don't announce, and this portion of the jobs "recovery" is small business.
Challenger is a tool but doesn't say much about the employment situation as a whole.
Please don't give the fed any data to paraphrase or flat out parrot when they decide to "remain accommodative" [to the stock market]. Yes, Yes.. Everything is indeed awesome, Janet.. Now pullback on that 10bps exclusive line of credit to the banks. Unless, of course.. Fed can give everyone that slick 10bps deal.. Yay. free money.
What's going on with the graph? Nothing. The two scales are massively different and they aren't measuring the same thing. So the only thing that's going on is that it's a stupid graph that implies a broken correlation that was never there to begin with.
Further, announced cuts aren't yet cuts, so this is a forward looking indicator. Initial claims is backwards looking. And further still, a cut isn't necessarily a layoff, if the reduction is through attrition by retirements.
Must cut rates to save face and get the heck out of the corner they are in. In due time the numbers will be massaged to reflect the need for a new QE.
Simple. It's purposely been made a hell of a lot harder to receive government-approved "unemployment insurance", which is the perverse way they count "job losses".
My wife just "retired" at 45, it just wasn't worth the $15/hr and we didn't need the money as we spend about 10% of what we spent in the 1990's. We also believe that it is prudent to prepare for hard times and my wife will focus on this because our children are drinking the kool-aid still think we made it through the storm. If we contributed to 50% reduction in workforce by choice I have to wonder if there are others like us. It's interesting I often wonder, if we believed things were getting better would they get better, because believing they are getting worse only contributes to that becoming reality. Maybe I'm overthinking it but we are certainly hurting the ecconomy- if we were to be better Patriots and spent every cent would everything become good? I'm digressing but are we part of the problem? We've worked hard all our lives and are tired and want to survive, sigh.
Election cycle!!! Thank God. Everything will be fine for at least another 1.5 years.
Sunrise in America.
'...Sailors take warning'...
Come on people! You do not get to file a claim for losing one of your two part time jobs....
Seasonal adjustments. It's been a loooooooooong season.
That is due to the new way people are laid off. They lay them off the same way the old Soviet way. Unfortunately, this hasn't led to an increase in jobs for grave diggers.
Maybe the initial jobless claims data needs to be adjusted to take the workforce participation rate into consideration.
Global Warming...It is blamed for everything else
It is a hockey stick?
We'll have to wait for Mr. Yellen to tell us - that's the only answer that matters.
We'll have to wait for Mr. Yellen to tell us - that's the only answer that matters.
You have to qualify to be counted unemployed!
Statistical abberation??
They go straight to disability...collect an extra $200
Governments lie therefore they are.
They were part-timers who were laid off so they couldn't collect benefits? Or maybe they were part-timers who only worked for less than six months and couldn't file? My head hurts. :(
Do I detect a pattern here? Looks like there is much more room for joblessness. It would be interesting to see the stats prior to 2000 so we can see what probably looks in alignment with the Shemitah 7 year cycle. The metronome of the banksters.
But I'm sure this is probably all just one big fucking coincidence folks. Move along to the unemployment lines...
Independent contractors who aren't able to claim unemployment are making up the bulk of the layoffs?
Or they are cooking the books. I know which way I'm leaning.
Job cut folks no longer stop and apply for first time benefits, they go directly to no longer in the workforce. Thus, the unemployment rate will again show how robust our economy is. Watch the "out of the workforce" 92 million increase...
OR did they change the name of initial jobless benefits to full employment for America thus "initial" job claims are way off? Just guessing like everyone else.