Stop Whining America! Jobless Claims Hit 44 Year Lows

Tyler Durden's picture

Hardly ever been better...

Continuing Jobless Claims data printed 1.898 million last week. America has not seen a lower level of claims since 1973...

So stop whining America, you never had it so good. Unless of course, this data is entirely useless.


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max_leering's picture

Total bullshit numbers/ data... as always

Bill of Rights's picture

Don't worry your EBT card will still fill....for now.

Giant Meteor's picture

Gettting ready to go out and slay the dragon myself Bill, no ebt for me ..

The numbers are bullshit ..

 

Bill of Rights's picture

Only when Barry was in they were real tho right?

Troy Ounce's picture

 

Almost there: August 15th, 1971

Giant Meteor's picture

Fuck no, deep state been lying for YEARS, years I tell ya ..

Fuck, how far you wanna go back ?

Bill of Rights's picture

So what's your final out come eating out of trash cans or living under a fuckrn bridge ... what is it you seek?

Giant Meteor's picture

Look Bill, this ain't about me, nor you for that matter. Hell, I'm not complaining Bill, just stating the obvious. An observer of things, if you will. I have what I need bill, no eating out of garbage cans, and I haven't slept under a bridge since my late teens ..

Seek? A little fucking truth would be nice. Let's start here Bill, government statistics (lies) are not at all very convincing, to those awake and paying even the slightest attention. It's all bullshit.

A little recognition of the fact, it is all bullshit, might be at least a little reach around. Sure, it doesn't amount to much, but I've never been a fan of folks pissing down my back, only to tell me it's raining ..

Other than that, getting ready to go out and work, heavy work Bill, but no worries, I'm still here, and having a splendid day.

You ?

max_leering's picture

no ebt, but SS is still paying like a big dog!

VD's picture

the fascinating coincidence (or is it) is that 1973 also was the year of historically low LFPR and if you take gander at today's LFPR it's almost at the very same trough.

canisdirus's picture
  1. You must be a FTE long enough to be eligible for UI. You can't be unemployed by their standards unless you receive UI benefits. Those with unstable employment now all work part-time or even gig work due to Obamacare.
  2. A large percentage of people that would have continued looking for work now get on government programs. Food stamp enrollment has exploded since the housing bust along with a massive increase in people on disability. As welfare became harder to get and the requirements increased, people found that disability and food stamps were the easiest ways to survive without work.
  3. UI programs are harder to comply with than ever. In some places jobs are so scarce that it's hard to simply hit the job application quota.

Anecdotally, my employer has 1/3 of the employees it had a year ago and less than when I started (before a large ramp in sales). We haven't made a sale in nearly 2 months and usually we'd sell 10-15 a month. It looks bleak.

canisdirus's picture
  1. You must be a FTE long enough to be eligible for UI. You can't be unemployed by their standards unless you receive UI benefits. Those with unstable employment now all work part-time or even gig work due to Obamacare.
  2. A large percentage of people that would have continued looking for work now get on government programs. Food stamp enrollment has exploded since the housing bust along with a massive increase in people on disability. As welfare became harder to get and the requirements increased, people found that disability and food stamps were the easiest ways to survive without work.
  3. UI programs are harder to comply with than ever. In some places jobs are so scarce that it's hard to simply hit the job application quota.

Anecdotally, my employer has 1/3 of the employees it had a year ago and less than when I started (before a large ramp in sales). We haven't made a sale in nearly 2 months and usually we'd sell 10-15 a month. It looks bleak.

undertow1141's picture

And the Labor Participation rate is still at historical lows.

RagaMuffin's picture

I wish I could have dropped 90 million people - I mean wrong answers from my exams...........

101 years and counting's picture

great news.  time to increase rates again.  

A. Boaty's picture

People actually have to have jobs before claiming to have lost them.

buckstopshere's picture

Good point.

Also, if you have two part-time jobs and lose one part-time job, you are not jobless.

max_leering's picture

I gotta fuckin' graph right here you bastards... suck it

TheNuclearGenie's picture

Like I have been saying.... The american economy is doing fine. I mean how much fucking evidence do you need? I have been making a killing in the US stock markets and while they are by some measures a little bit expensive, the underlying businesses are still the best in the world. You can twist it anyway you like, but the end result will again be that I will be making money while the rest of you whine that your gold bars are loosing value. BTW, I also own gold but only 10% of my portfolio as insurance. The rest sits in stocks that pay me dividends every single quarter and making me rich. Your choice.

LawsofPhysics's picture

LOL!!!  ...and yet the bankers and financiers still need access to FREE MONEY (ZIRP/NIRP)...

Nice sarcasm.

TheNuclearGenie's picture

Dude, ZIRP ended some time ago in the US in case you did not notice? I guess ignorance and arrogance makes you blind as well.

Juggernaut x2's picture

Rates have barely moved off of 0

Giant Meteor's picture

Well there is QE and then there is stealth QE, much like there used to be accounting standards, now not so much ..

It's all bullshit, every bit of it ..

That's how I see it anyway ..

LawsofPhysics's picture

Again, LMFAO!!!!

What's the FFR now, like 0.75%?!?!?!?

Yeah, it "ended"...

What a disingenuous fuck.  When do I get to take out a 100 billion dollar loan for 0.75%?

 

I'd buy bonds and make a killing.  Go fuck yourself troll.

"Full Faith and Credit"

Tick tock you stupid motherfucker.

TheNuclearGenie's picture

Oh boy theres a lot of anger in this one. Enjoy living in poverty then. Just dont come back 40 years from now whining when you did not begin investing in stocks at a young age while im a millionaire.

LawsofPhysics's picture

So, you still still got nothing of significance to add?  No surprise, just another scared and useless fucking paper-pusher.  "I am a millionaire"... LMFAO!!!  Slow day at the office?  LOLOLOLOLOL!

 

We have been farming for three generations.  Just in terms of physical assets (land/equipment) we are millionaires 50 times over!!!

Trillionaire is the new "millionaire" bitchez!!!!

(thanks to the Fed and the destruction of purchasing power, yet they keep telling you that there is "no inflation")

Giant Meteor's picture

Don't look at me, I'm selling apples and pencils on the street corner ..

Shoe shine mister ?

How bout a window wash on the fab car while you're waiting in traffic?

Papers, papers, get your newspaper here, read all about it !

VarenneRiver's picture

"In honest times it is honorable to be wealthy; in dishonest times it is shameful."
-Confucius

How many middle men have gotten rich off the backs of American savers and retirees, as well as low-income people who pay the poor tax as Ron Paul used to say?

Enjoy your paper wealth.

UmbilicalMosqueSweeper's picture

I am making $75 a week selling black and white smokers on CDs. Send me $1 for the complete plan and a free CD.

max_leering's picture

hey dude, if bullshit was music, you'd be the Boston Symphony

TheNuclearGenie's picture

Yeah, but somehow the jobless claims just keep going down and the stock markets keep going up? Luckily, being right rewards you in the markets while being wrong makes you lose money, and loosing money is porbably somethign that most of the people here are quite familiar with.

max_leering's picture

once again fucknuts, you're not fooling anyone here with your drivel... ffs, here's your last line, and I quote- "and loosing money is porbably somethign that most of the people here are quite familiar with."

grammar much?

BigFatUglyBubble's picture

that your gold bars are loosing value.

I'll see you over at CNBC thread

bshirley1968's picture

Been here for five weeks.  Yeah, you're a Trump troll.  Bullshitting runs deep in your herd.  Quit wasting time here and go make some more money. ...............you're gonna need it.

CJgipper's picture

Let's  strip out part time and contract positions.....

LawsofPhysics's picture

The "Market" is at an all time high, unemployment at an all time low...

Better RAISE those interest rates Mr. Yellen!!!!!!!!!!!!!

 

 

"Full FAITH and Credit"

Tick tock motherfuckers...

Bill of Rights's picture

Shiftless lazy Democrats wanting more free shit...we can only hope they start offing themselves on a daily basis...

bshirley1968's picture

Could you please drop the citizen welfare hate?   I mean, holy shit!  Your idol and man crush, Trump is one of the biggest welfare recipients ever to sit in the WH.  God Almighty!   I am sick of your stupidity,

Corporate America gets more government welfare in one month than individuals combined get in 5 years.  Your piss ant brain is hung up on EBT cards while Elon Musk and Tesla gets billions in welfare.  And you think that POS Jeff Bezos is not on the government tit?  How about GM or GE?

Dude you need to grow the fuck up, get a brain, or shut the hell up.  You'll be one these red necks ready to kill all the EBT card holders while Apple gets to offshore a few more billion.  

By now,  you should damn well know better.

Sonny Brakes's picture

You're right. Welfare recipients spend those taxpayer funded programs in stores typically owned by corporations.

VarenneRiver's picture

Dang. This is why I love this website.

thecondor's picture

Bullshit number and we all know it.

nevertheless's picture

I live in an upper white middle class city and almost without exception all you see when your here is Latinos NON Americans working. New high end grocery store open, and when you go in, you would think you are on the Mexican border. 

 

America will be predominately Latino within 50 years, if not sooner. 

Trump is not doing shit about immigration, regardless of what the lying media reports, or what data is reported.