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Initial Jobless Claims Suddenly Surge To 5-Month Highs, Continuing Claims Spike
Weak surveys, mass layoffs, and poor outlooks appear to have finally rippled through the government's data and sparked a significant rise in initial jobless claims. Up 13k to 282k, this is the highest claims since early July. Of course, it remains below the Maginot Line of 300k which 'proves' everything is awesome, but initial claims is now at the same level as it was when The Fed ended QE3. Perhaps more notable is the spike in continuing claims (up 3.8%) - the end biggest jump since 2008 to 3 month highs.
Big jump in initial claims...
but continuing claims saw their 2nd biggest weekly rise since 2008...to 3 month highs.
So what happens next?
Charts: Bloomberg
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Let's be frank. The fed doesn't want the stock market to go down. EVER.
Well, if YOU owned more than half of the total market, would you want it to go down?!
Yo, Janet-honey, we're going to need a lot more juice...
Think of it as JY Jelly...
https://www.youtube.com/watch?v=c7xvi6GL9Fk
Until the day you leave. Watch carefully when the elite exit, the game is finished.
Listen, my business deals directly with layoffs. I am getting tons of desperate calls and people being price sensative. This happened right before the big event of 2008 and then it went parabolic.
Just a teaser until the rate hike.
Oh Noes! We can't possibly raise rates now! Wink Wink...Nudge Nudge...
Scrapheap Challenge.
Because layoffs are accelerating. Usually they lie about these types of things.
More layoffs and moarjoblessness pushes up the 95 million to 96 million?
That oughtta push the BLS unemployment rate below 5%.
Where is the daily job cuts guy?!?
But what about double seasonally adjusted temporary low-paying hiring for Christmas/Hanukkah/Kwanza/Festivus???
(that's the recovery summer)
(happening around XMAS)
When the fed allows something which even vaguely resembles the truth to go public, it's time to worry.
What's the deal? First I get a network attack and then a double post?
I guess it worked.
The Darkness cometh...for Whites
ALL job growth since 2000 was taken by immigrants:
http://cis.org/all-employment-growth-since-2000-went-to-immigrants
THE COMING DARKNESS: A Warning for Americans: A message from South Africa Written in 2000 by the wife of a former conservative member of parliament, they still reside in South Africa.
Interesting article she penned. It was from 2004. Amazing how prophetic it is, now that we have moved over a decade from her writing it. One line that struck me.... 'When the "majority" took over in South Africa, the first targets were our national symbols' This is exactly what has manifested here, and is growing like a cancer. This urge to erase historical figure heads and historical facts. Truly sad to watch us circle the toilet bowl.....
We never win at jobless claims. We are going to make jobless claims great again. Jobless claims are going to be huge.
LOL, right before the Fed's meeting...... suprise!
Of course Obama and the fed knew ths.
Could it be that there will be no rate hike in December? Surprise!
The fed's plan all along.
Everyone is adhering to the liberal script of printing and QE until the currency dies.
Janet needed this to get out of the promised rate hike.
Unadjusted is down 5K year over year. Before we collapse, that figure will be consistently higher.
The unadjusted claims soared by 121,685 (from 262,796 to 384,481). What exactly is responsible for that kind of spike this time of year, such that it requires the seasonal adjustment?
I bet they still raise rates...then it "causes" the economy to tank...then they slam down negative rates to "save" the economy...
"We tried, we really did, but you saw what happened when we raised rates!"
Orange bowl or Cotton bowl?