Initial Jobless Claims Jump Most In 5 Months; Higher Since Trump's Election

Tyler Durden's picture

The last two weeks have seen initial jobless claims rise 23k to 257k. This is the biggest 2-week rise since Thanksgiving last year and is back above the Trump election levels and the start of 2017 levels.

 

This is a four-week high but could perhaps be impacted by the holiday during the most recent period.

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giovanni_f's picture

what purpose do these numbers serve apart from feeding algos? They are almost as volatile as the political convictions of our chief flipper.

VD's picture

should be good to get dow to 30k and then thermonuclear war pushes it over 50k. booooolish

spastic_colon's picture

man the uber bullish news just keeps on comin'

BlueHorseShoeLovesDT's picture

Robots, Bullish, Moar chocolate cake!

onewayticket2's picture

I've held off investment in my business....since it looks like the swamp is winning.  

CJgipper's picture

It's an ongoing depression amid unlimited printing.  Jobs are meaningless.

michael1994's picture

Exactly! Scarcity is an illusion created by our fraudulent monetary system. I wonder why Trump hasn't gone at the issue of who prints our money and fractional reserve banking... ( rhetorical )

LetThemEatRand's picture

Two simple questions for the remaining Trump supporters/apologists:  1) do you think he'll send out a tweet taking credit for these numbers?  2) do you think he would have sent out a tweet taking credit if the numbers were good instead of bad?

Trucker Glock's picture

Maybe he'll renegotiate the numbers.  Get better ones, for America.

BlueHorseShoeLovesDT's picture

Trump piss trickling down

Trucker Glock's picture

"This is a four-week high but could perhaps be impacted by the holiday during the most recent period."

Yes, impacted by the recent holiday.  And the unusually warm weather.  And the unusually cold weather.  And the wind.

BlueHorseShoeLovesDT's picture

I guess we didn't have a holiday or weather last year.

Sid Davis's picture

Nothing a little more creative accounting couldn't solve if they just put their minds to it.

roadhazard's picture

Trump, the jobs President.

OKUSA's picture

People just need to find a good "side hustle".

bionicknees's picture

Looks like more people are searching for work again.

decentralisedscrutinizer's picture

 

Almost all the world’s economic and political problems revolve around the hegemony here in America of the global corporate cartel, which is only headquartered in the US because this is where their military arm resides. The only way to regain our (we People) sovereignty as a republic is to strictly curtail the priveledges of any corporation doing business here. The government must be reconfigured to represent the Middle Class if we are ever to restore sanity, much less prosperity. There will be no peace and prosperity in America until we, the good folk, drain the "swamp" created by the US Constitution. The "swamp" can not be drained at this point because the Constitution  does not contain a “drain plug". This is the kind of "plug" it needs. And it needs to be pulled ASAP:

 

 

 

28th Amendment

 

Corporations are not persons in any sense of the word and shall be granted only those rights and privileges that Congress deems necessary for the well-being of the People. Congress shall provide legislation defining the terms and conditions of corporate charters according to their purpose; which shall include, but are not limited to:

 

1, prohibitions against any corporation;

 

a, owning another corporation,

 

b, becoming economically indispensable or monopolistic, or

 

c, otherwise distorting the general economy;

 

2, prohibitions against any form of interference in the affairs of;

 

a, government,

 

b, education, or

 

c, news media, and

 

3, provisions for;

 

a, the auditing of standardized, current, and transparent account books, and

 

b, the establishment of a state and municipal-owned banking system

 

c, civil and criminal penalties to be suffered by corporate executives for violation of the terms of a corporate charter.

 

 

 

The biggest hurdle to convening an Article 5 convention will be to silence the 24/7 corporate media propaganda machine which will guarantee that a constitutional convention is the sure path to anarchy and chaos. There are so many issues that need addressing that it will be extremely difficult to focus on just one issue: draining the swamp; first and foremost. Just that one thing: get the idea of incorporating business enterprises (or political movements) out of our collective thought process. Incorporation is a subtle, inconspicuous little glitch in our collective philosophical evolution and, as appealing as it is to join groups and let them do your thinking, such groups immediately assume identities of their own and become eternal super-groups with their own agenda and more money than the sum of all members’ combined. Corporations can’t even be controlled by their own executives; they’re “fictitious persons”, legally, morally, and tangibly. Yes, corporations are comprised of good, church-going, honest, people, while the corporations they belong to, work for, administer, or own, go about the planet (and at home) committing genocide. Or worse. You can spend a lifetime fighting legal injustice, global warming, illegal immigration, racial disparity, Democrats, Republicans, Joos, globalization, and bathroom assignments, but nothing is going to change so long as corporate media has your brain in a bottle. If nothing else or until a better organizational plan comes along; try whispering in your neighbor’s ear: “Article 5 Amendment 28. Article 5 Amendment 28. Article 5 Amendment 28” until we all understand what’s necessary and act in unison when opportunity presents….

    

Phyz Stacker's picture

Went to a local job fair yesterday.  Before the doors were open there were at least 200 people deep to get into the building.  No parking available anywhere.  This was just a microcosm of reality.

Fake Trump's picture

More bad news to come. Trump can fix it. You believe he can? Don't kid yourself. Forget his campaign promises as he can flip flob any moment. Therefore he wanted to having war with North Korea to divert the attention of the American people. Only  a war can save his skin. What can we do. Bear his insanity and nonsense for the next for the next four years.