Initial Claims Beats By Multiple Standard Deviations As BLS Revisions Jump Again

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Thu, 09/29/2011 - 08:46 | 1721528 LongSoupLine
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Steve (Lies)man was just found breathing into paper bag and masturbating.

Thu, 09/29/2011 - 08:52 | 1721563 Jayda1850
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only hope is if he has a belt around his neck and his fat fingers cannot undo in time.

Thu, 09/29/2011 - 08:58 | 1721586 ratso
ratso's picture

I think that it has now become an established fact that only bad news can be true.  

Thu, 09/29/2011 - 08:54 | 1721568 Yamaha
Yamaha's picture

That is funny- I realty didn't think he could find his dick!

Thu, 09/29/2011 - 14:07 | 1722240 Cpl Hicks
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That's why he keeps John Harwood around.

Thu, 09/29/2011 - 08:47 | 1721530 Gandalf6900
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spin this ZH

Thu, 09/29/2011 - 08:48 | 1721541 HelluvaEngineer
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Why don't you sit & spin on this

Thu, 09/29/2011 - 08:54 | 1721556 buzzsaw99
Thu, 09/29/2011 - 09:02 | 1721578 Fips_OnTheSpot
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When will July2011 numbers pop up? Monday?

EDIT: the linked report there to fns has June2011 as last numbers (thru all states - increasing)

Thu, 09/29/2011 - 09:07 | 1721610 buzzsaw99
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There seems to be about a two month delay so maybe it is overdue?

Thu, 09/29/2011 - 09:08 | 1721616 Fips_OnTheSpot
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Delayed for a"sigma 3" reason? :)

Thu, 09/29/2011 - 09:13 | 1721641 buzzsaw99
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Delayed for :cue rally monkey:

Thu, 09/29/2011 - 09:17 | 1721657 Fips_OnTheSpot
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LMAO!  Needink wipe monitor once again.

Hint: dont click on youtube links from ZH while drinking :)

Thu, 09/29/2011 - 09:23 | 1721675 mayhem_korner
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Your "hint" was a more important clarification than you might realize.  Wasn't sure what you were fessin' up to for a minute there...

Thu, 09/29/2011 - 09:14 | 1721646 Gandalf6900
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chill guys I was just joking

Thu, 09/29/2011 - 09:24 | 1721681 mayhem_korner
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Well, you hit -21 on the down before you re-posted.  That's a 5-minute major and a game misconduct.  :D

Thu, 09/29/2011 - 09:28 | 1721695 Gandalf6900
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I guess the only green arrow I got was from million dollar bonus guy

Plus trolling is the only way to get you guys to explain stuff

peace out

Thu, 09/29/2011 - 10:10 | 1721796 Joe Shmoe
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Hey I thouhght you were funny.  Stick to your guns, man!  Posts to this blog have become all about singing in unison and using the same language (unicorns, hopium, banksters, PM) to convince each other they're right.  It's become like the opposite of CNBC... or the same, just for bears and gold bugs.  Any miss to the downside is embraced as vindication of precience.  Any miss ot the upside is conspiracy.  

Now, watch how I get slammed.  Predictable.  Predictable.


Thu, 09/29/2011 - 10:16 | 1721813 fuu
fuu's picture

Wait for it...

Thu, 09/29/2011 - 10:19 | 1721819 mayhem_korner
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He didn't have any guns.  That's why he capitulated to reality.

Thu, 09/29/2011 - 09:05 | 1721601 Cynical Sidney
Cynical Sidney's picture

it's statistical revisionism: pick a number that most suits your interest, work backwards to come up with a formula.


Thu, 09/29/2011 - 09:05 | 1721602 Popo
Popo's picture

So I guess we won't be needing anymore stimulus then?   Oh wait.. Bernanke *just* said we probably need more.

Does. not. compute...

Thu, 09/29/2011 - 09:10 | 1721622 mayhem_korner
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spin this ZH

No spin needed. We know it will be revised upwards, and the release itself indicates "technical" anomalies in the seasonal adjustment.

But set that all aside, ye light-minded "wizard," A 391K print of initial jobless claims is putrid.  The MSM now states that claims "below 375K" is indicative of stable employment...Problem is that in March, they were saying that "below 350K" was indicative of stable employment and in December 2010 they were saying "below 300K." 

If you are paying attention, you recognize this as another body blow to the dismal situation.  I'm guessing your attention span doesn't break 2 minutes apart from snappin' the radish in your sister's closet.

Thu, 09/29/2011 - 09:14 | 1721648 John Law Lives
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Consider who owns the MSM. People like Rupert Murdoch WANT the stock market to get pumped. He gets richer.

The "number" that represents stable employment has been tweaked higher and higher over the years. It is a shameless spin job from the whoremasters.

Thu, 09/29/2011 - 09:19 | 1721664 mayhem_korner
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Maybe, but I think the MSM just prints what the White House tainted BLS press release says.  If you read the immediate prints that come out at 8:31am EDT, there is almost no editing going on.  I think the market gives the stuff about a 15 minute half life, then returns to "important" things like the Eurocircus and whose face is going to go on the US $1 Trillion bill.  So I think the 'vested interest' folks here are the ones in the administration looking for sound bites on the Barry bus tour.

My 2 cents...

Thu, 09/29/2011 - 09:28 | 1721694 John Law Lives
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An example of the spin I am referring to is the endless positive prattle in the AP release after the weekly BLS data is reported. I can't remember when there wasn't some sort of positive spin attempted re. the BLS data.

Thu, 09/29/2011 - 09:35 | 1721711 mayhem_korner
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Agreed.  I'm just suggesting that the spinners are in the tank for the prez, not the stock lords.

Thu, 09/29/2011 - 09:43 | 1721736 John Law Lives
John Law Lives's picture

I can believe that. Looks like they have their work cut out for them to get this clown elected again.

Thu, 09/29/2011 - 09:10 | 1721629 fuu
fuu's picture

Ok I will give it a try:


99 weeks ago today was  11/05/2009
Thu, 09/29/2011 - 09:21 | 1721672 lead salad
lead salad's picture

Taking a breather from Obama's crotch?

Thu, 09/29/2011 - 09:22 | 1721673 Mike2756
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Wait until the "sue everyone 'cause i'm unemployed" jobs bill kicks in!

Thu, 09/29/2011 - 09:30 | 1721700 SheepDog-One
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Im sure CNBC will have on some CEO's today who have hired 500 people in the last month to describe how the economy is ramping up everywhere. Yea right.

Thu, 09/29/2011 - 09:38 | 1721719 MFL8240
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Thu, 09/29/2011 - 08:47 | 1721535 Jayda1850
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Is there any doubt that next week's revisions will revise claims over 400k? I think not. Another bullshit number to increase the hope that unemployment is recovering.

Thu, 09/29/2011 - 08:47 | 1721536 HelluvaEngineer
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Awesome.  This means the Bernank will print mor...wait, shit.  Back to shorting silver.

Thu, 09/29/2011 - 08:47 | 1721539 The Axe
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BLS need claim  some seasonal

Thu, 09/29/2011 - 09:14 | 1721649 citrine
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THey did.     

Department official said government statisticians had problems seasonally adjusting the data.

Thu, 09/29/2011 - 09:23 | 1721677 Mike2756
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Must have been their snow day.

Thu, 09/29/2011 - 09:33 | 1721706 mayhem_korner
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'government statisticians.' 

I'm picturing a room full of Rick Moranis-from-Ghostbusters clones.  Short-sleeved, check shirts, $9 shoes over tube socks, balled-up handkerchiefs in front pockets, pencil sharpeners in every cubical, reams and reams of 11x18 'documents' marked DRAFT, walls of multi-colored push-pins, posters of abacusses, Rubik's cube paperweights, ....

Sorry - I got carried away.  :D

Thu, 09/29/2011 - 09:51 | 1721761 -Michelle-
-Michelle-'s picture

Gozer the Traveler. He will come in one of the pre-chosen forms. During the rectification of the Vuldrini, the traveler came as a large and moving Torg! Then, during the third reconciliation of the last of the McKetrick supplicants, they chose a new form for him: that of a giant Slor! Many Shuvs and Zuuls knew what it was to be roasted in the depths of the Slor that day, I can tell you!

Thu, 09/29/2011 - 08:47 | 1721540 Chuck Bone
Chuck Bone's picture

Wonder what the birth/death adjustment was on this anomaly.

Thu, 09/29/2011 - 09:03 | 1721590 MichaelG
MichaelG's picture

I think they only bring out the big B/D-A gun for monthly data.  For weekly claims they just pick a number 'above expectations', without quite so much fol-de-rol.

Thu, 09/29/2011 - 08:48 | 1721543 Nascent_Variable
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Even 390+ (pre-revision) is a horribly shitty number.  To hell with expectations, look at what is actually happening.  The job market is a slaughterhouse.

Thu, 09/29/2011 - 09:04 | 1721599 snowball777
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"Been down so long, it looks like up to me"

Thu, 09/29/2011 - 09:14 | 1721643 mayhem_korner
mayhem_korner's picture you're runnin' down a new avatar.  We need to be able to spot you quickly on those left-right rant posts.   :D

Thu, 09/29/2011 - 10:12 | 1721802 snowball777
snowball777's picture

Weird. I'd swapped it a couple days ago after getting tired of 'splaining that I didn't attend Berkeley for the fifteenth time (you literal).

We'll see if it sticks this time.


Thu, 09/29/2011 - 12:30 | 1722266 Cpl Hicks
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Bearish- so it'll stick here.

BTW- 31-23, last Saturday.

Thu, 09/29/2011 - 08:48 | 1721544 lieutenantjohnchard
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of course these are lies. bls is playing a game with itself where it plays a sound track for the laugh line, only nobody is laughing.

Thu, 09/29/2011 - 10:39 | 1721866 tekhneek
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Why don't they stop revising it and just print the real number? Oh... yeah, forgot about that.


Thu, 09/29/2011 - 12:34 | 1722286 Cpl Hicks
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Move along, there's nothing to see here... there are no Real numbers.

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