Beyond The BLS BS: New Online Help Wanted Ads Plunge The Most Since January 2009

Tyler Durden's picture

Just when you thought it was safe to hope that saved-or-created jobs were at least not plunging anymore, the truth is out with online job postings. As opposed to de minimus surveys, or BLShit small pool analysis, the 'fact-based' number of 'New Help Wanted' Online Ads plunged in July by its most since January 2009! The total number of Online Help Wanted Ads also fell by its most in a year and as Credit Suisse points out, in 7 of the last 8 times when we see an outlier of this magnitude it is followed by outright declines in non-farm payrolls and private payrolls.

 

New Online Help Wanted Ads fell by their most since January 2009!

 

and Total Online Help Wanted Ads fell by their most in a year...

 

Charts: Bloomberg