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The New Jersey Jobs Neutron Bomb
And the payroll propaganda was going so well until... New Jersey happened. As the chart below shows, in the month of July the state, arguably the Tristate area's most employer friendly, saw a sequential drop of 12,000 jobs, which was the largest one month drop since June 2009. Outlier? Or the harbinger of things to come at the national level? We will likely not now for sure until after the presidential election at which point the endless data fudging and manipulation finally ends.
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Not likely, but it is nice to see that one can still dream.
Jersey needs some of Galvin's Magic...
I hear if you take a whole bottle of it, you get green sharts.
We don't have any jobs but we created or saved 5 million of them yesterday....where were you?
The loss of jobs is more of that Christy magic.
That's a pretty useful template for an article lead:
So many option, so little time.
@Hedgeless - Best one yet! I bet it makes burgers and steaks smell & take like bullshit, too.
mmmmm! BBQ bullshit.
"until after the presidential election at which point the endless data fudging and manipulation finally ends"
What makes you think that this practice will end after the election lol?
I was going to say that it would depend on who wins, but I'm not so sure that's tru anymore...
Yeah - NJ needs Corzine to come back. NJ is a liberal hell hole and no one would want to live there. It has become and is becoming quite islamic as well. Tthank liberalism.
Christy is a RINO and a huge Springsteen fan which means he has an infantile mind. He is light years better than Corzine.
Akkk, dont' spin that stuff, please. Liberal, conservative, whatever label you put on a crook... they're still a crook. THE problem: indistry was packed up and moved out of the state decades ago, leaving fewer and fewer taxpayers to pickup the tabs for school, police, fire, etc. If you read history, and skip the propaganda (and unfortunately 99.999% of mainstream news is propaganda and crappy propaganda at that), then you'll get someplace.
Economic data continue to show ups and downs. It is normal in times of crisis in which the government tries to "fix" the situation. There are reasons to be optimistic, but there is not sufficient reason to be too pessimistic. My vision of trader leads me to not get ahead of reality but if actur on it. If the market goes up or down, there are always opportunities.
AKA "Ben's Homemade Keynesian Aphrodisiac".
drooish fly?
Tastes just like bath salts. Hmmmm....
looks like somebody got the +/- sign backwards. Easy fix, just multiply by -1.
call it "Algebraically adjusted".
Welcome to the recovery!
I luv the smell of recovery in the morning....smells a tad bit like napalm.
remember that garbage waste index?
Why would the propaganda end with the "election" of another banker/financial house puppet (Romney or Obama)?
FAIL.
Ironically, suggesting that the propaganda is Obama-centric or party-centric is itself part of the propaganda.
I vote for the Wall Street Party. Hence, my party always wins.
That is exactly what I am saying, thanks for agreeing.
Yes, I was agreeing.
Wrong again Randy. It's suggesting that in recent times, election year data is notoriously more fudged, more so than regular data. No partisanship or other dialectical fantasy explanations needed, thank you. The real propaganda is the massaged data itself.
I agree the data tends to be more fudged during the election cycle, but to me the broader point is that the two party system itself is the Big Lie and the most damaging propaganda. Most people believe they are making a choice in November. It people realized it was a flase choice between two candidates who serve the same masters, the slant on employment numbers would be inconsequential in the scheme of things.
The Meta-propaganda!
Still up compared to 2008! Bullish!
And in other news, South Korea 30 biggest businesses are in emergency operation mode because of the state of the economy, which they say is as bad or even worse than in 2008... so bullish... or something.
Better wake Momo up and tell him the S&P is RED. He and his PPT need to get some cafe and go to work.
Quick, get Corzine back!!!
waiting for the spin-- daily humor--
We are keenly aware of the precarious grip that equities hold on this rally. Yesterday's key reversal in the Dow futures has triggered a Commitment of Traders sell signal.
You can see the annotated chart here.
http://www.cotsignals.com/view.html?id=1
"Traders"...LOL.
The stock markets discounting mechanisim seems to be broken.
Paging Governor Christie... paging governor christie...
Fat robber barons, bitchez...
I heard he's going to blame Bush.
Well, at least that would be something different from his blaming obama. Left... right... left ... right... stupid sheep.
"Paging Governor Christie... paging governor christie...
Fat robber barons, bitchez..."
...... Forever .... and beyond. Forward comrades.
Please report for duty to your local Valerie Jarrett Council. Photo ID required for confidentiality purposes. The news media will be invited in at end of council meeting with pre-scripted questions
NJ is a Democrat felching state. They love their 2008 Muslim.
Everything is proceeding as planned. The fact that we are not privy to the plan is part of the plan.
Yup expect really bad data rolling post elections.
The MSM will say... so what, it's only NJ, the hell hole of America!
NJ is another Democrat anus state. It is becoming very much a third world sh*thole with lots of muslims like their dear leader. Fat Christy needs to stop going to see that loser the "Boss" in concert. Springsteen is a libard pile of shit like NJ. Christy needs to go to a gym or weight loss place versus wolfing down a pizza listening to Springsteen's crap.
See what happens when you put the GOP in charge ;)
were you a former Corzine employee taking the 5th?
Why, yes how ever did you guess?
I am guessing the wink from my sarcastic comment gave me away.
Snooki is pregnant and looking for the father?
So..., she backed her ass into a buzz saw, and now she's trying to say which tooth bit her?????
+1, still laughing, now that is funny!
No, but she DID get a little behind in her work.
Guessing which bean in the crock made her fart.
NJ neutron bomb? Employment is destroyed but Corzine is left standing?
Corzine must know an awful lot to get this kind of blatant velvet glove treatment. Bernie Madoff is stewing in jail realizing he was just not corrupt enough.
Ah, Amerika .... where in Chicago Valerie Jarrett's mega-residential development complex gets a special custom tax rate because she " .... has really good attorneys".
Neutron bombs kill people and other living stuff. Banksters are not human; more like decepticons. Corzine may not be Megatron, but he's one of the ranking (rank?) lieutenants.
I like how Christy bitch-slapped that POS teacher-lady.
Remember that?
Classic stuff!
Looks like the algos got kitco down for maintence http://maintenance.kitco.com/
"We will likely not now for sure until after the presidential election at which point the endless data fudging and manipulation finally ends."
I imagine the whoremasters will keep fudging and manipulating data until the great R-E-S-E-T button gets pressed.
100% FUBAR.
Maybe Corzine is back - all of those jobs just vapourized.
God help us.
Tyler, you glass half empty pundit. Just imagine how many jobs were saved by the messiah last month.
Oh great, mind-taxing time again...
The numbers need to be taken with a grain of salt.
It's obviously just the Census workers coming onto the unemployment rolls as the BLS winds down its people counters.
Move along. Nothing to see here.
I thought that Fat Fuck Christie was going to turn it around? All that Republican , cut spending bullshit!
"We created as many jobs in the first six months of this year as we did in all of 2011 and 2011 was the best single year for private-sector job growth since the year 2000," Christie said at a July 23 press conference.
"We created as many jobs in the first six months of this year as we did in all of 2011..."
He forgot to say the number was zero!
well we can hope for the grifter from chicago to be re selected. this way we can hope for mre and more unemplyment and vaporizing.
obama is a useless idiot and romney may be not much better, but 4 more years of the criminal enterprise from chicago dooms us all.
but maybe corzine will save some of the worthless state workers you want to save to lord over us. i mean he got 2 billion,right.
democrats are criminals and repubs are idiots
i guess you choose he criminal
You just said EXACTLY what they want the good sheep to say. "Yeah, my incompetent semi-criminal team sucks, but it's better than your totally incompetent criminal team." They all work for the same guys. If you want to see anything change, you have to reject their approved candidates. Voting for the lesser of evils will not change anything other than shifting Rush from blaming the sitting President to blaming the last President and Congress, and shifting Maddow from blaming the last President and Congress to blaming the new President.
and the solution is what exactly?
Default and the restoration of the rule of law and contracts, more appropriately real fucking consequences for bad behavior, at all levels of society. End "mark to fantasy" accounting by all banks and execute any management that is caught cooking books. Execute executives who bankrupt companies and then come to the taxpayer for a fucking bailout.
Just a few "solutions" I can see that would make things much better.
Moral hazard bitchez. No system will "get better" if failed policies and crooks are not purged.
Thank you!
Please people if we actually vote for either of the two parties in power than we truely deserve what is coming.
VFOp - Vote Fucking Other please.
Any unemployed person who does not vote or votes for one of the chuckle-heads - wake the fuck up!
Third party votes historically help the incumbent.
Likely that may be true.
But I beleive it is about making a step in the right direction.
If a significant percentage actually show up and vote for a third party I hope and believe that could become the start of a swing in a better direction. Do not let any rational stand in the way of doing the right thing - there are many people who will tell you how pointless it is. Everything is on the line. Progress will require a first step.
Hopefully it was 12,000 over paid bureaucrats.
ZING!
GREIN SHEWTS!
"You can avoid reality, but you cannot avoid the consequences of avoiding reality"
its not a harbinger of anything to come, we live in a NWO candyland now with gumdrop pillows and marshmallow clouds
in fact, i may have to forward this report to the Department of Homeland Security (god that has such a nice Ring to it!) for containing Suspicious Language
"We will likely not now for sure until after the presidential election at which point the endless data fudging and manipulation finally ends."
at which point the endless data fudging and manipulation finally ends
gotta love your optimism
This is interesting for a couple of reasons. Historically, the NJ unemployment rate is usually below the national average. Now, it is above. Also, for years, NJ has been a state wth many of those "good, middle class" jobs (in Tech, Telecom, Pharma...); the kind that seem to be disappearing rapidly.
One theory could be that a good amount of those jobs have gone to either NY, or PA. I know PA has been lobbying and shmoozing a few companies (Tech and the like) to come over to PA for tax break reasons. It used to be that people lived in PA, and commuted to NJ for work, but it seems that trend is reversing.
Note: I live in PA
NJ and PA? You mean NJ and the Palestinian Authority? NJ is becoming quite Islamic and hispanic. A real Dem shit hole. PA would actually be a fairly decent state if there was a War of The Worlds moment and Philadelphia disappeared.
You're beginning to come across as some kind of HAIRY skinhead!
Well in NJ if you don't speak Spanish, yiddish or Arabic then you are pretty much screwed. A liberal third world utopia. Corzine left because there is nothing more to steal in NJ.
Excellent work, Mr Troll.
I grew up in NJ, it used to be the Garden State, now it's the NYC/PHI Welfare Overflow State. Even expensive swim clubs in Bergen County are slowly being forced to integrate by subsidizing memberships according to a quota system. It doesn't need to be declared, it's happening.
The population-at-large used to evacuate New York City for the suburbs. This was the urban flight of the 1970's. My parents were part of that and I was born in NJ. Some studies show a reverse in process. House prices in NJ suburbs are in the vice, compressed between teacher/law enforcement pensions (driving extremely high property taxes, think $10k-$15k for a three-bedroom) and gasoline prices (everyone drives and you need two cars). Over the life of a 30-year mortgage, you could own two properties elsewhere for the same cash and retire on rental earnings. This is what is killing Suburbia now. Fireworks were cancelled this Fourth of July in many towns for the first time since, since they started when I was a boy. Wait until the municipial budgets collapse further.
I have lived in western Queens for 11 years now, about four miles from Central Park, close to trains and buses, paying low taxes, and not seeing the bottom drop out of local housing prices. In fact there is a housing shortage here. It's as if time is winding backwards.
You're a moron. NJ has 4 of the top 10 wealthiest counties in the country, and is number 2 in the country in education. A third world utopia? Have you even beeen to NJ? If you have you obviously never ventured too far outside of Newark.
Take away Summit, Alpine, Mahwah, i.e. key towns with mansions in those most expensive counties and the whole equation falls apart. NJ is beautiful in so many respects, I agree, however the population who bought houses within the last 15 years or so in those steep-pyramidal counties are paying for more than they are getting. Great education, true, I was raised with it, but it comes with a price and that price is pension. Cops are overpaid. The sheriffs are corrupt beyond corrupt.
The reality is that the middle class - the ones that used to buffer the mansion-dwellers from the riff-raff - is clawing and scratching and scraping in those horse latitudes between Philly and NYC.
It is not a far drive from Paterson to Ridgewood, by the way, or from Teaneck to Alpine.
BTW most of that great education was intended to be a launching pad towards higher education, and how's that working out for the country? Less like a launching pad, more like a ski jump.
IMO a gigantic beautiful experiment that has failed utterly and catastrophically. Generations of wealth and effort evaporated.
NJ obvioulsy has its share of problems, there's no debating that, but I had to step in and defend the state and people because Freddie posted at least 5 moronic comments about NJ, despite a clear lack of knowledge outside the usual mainstream out-of-state talking points. The property taxes are outrageous, and there's plenty of bureaucratic corruption (what else is new), but overall its a great place to live assuming you aren't within a 10 mile radius of one of the famous shithole cities (Newark, Camden, or Trenton). I've travelled to many places and find the people of NJ to be, on the whole, among the most inteleligent and rational people I've come across. Growing up and living in a place with so much diversity is a very real catalyst for widespread open mindedness.
It appears that YOU are the troll. , WCH. Princeton is within 10 miles of Trenton, Summit is within 10 miles of Newark, all of Bergen and most of Passaic County is within 10 miles of Paterson (the royalest shitholes to end all shitholes), etc.
That last sentence gave you away.
haha wow what a clown you are. Summit is about 10 miles from Newark, and Princeton is about 10 miles from Trenton. Maybe if I had said "stay out of the 8.927 mile radius" I couldv'e passed your troll test? Harlem is less than 10 miles from central park west. Whats your point? Its the nature of densely populated areas. And whats your problem with the last sentence? You disagree that exposure to diversity encourages open-mindedness? All Im saying is that NJ is not nearly as bad as its reputation.
Living in Florida, where one can drive over 800 miles and still be in the same state, I can say that it is not a far drive from Teaneck (HS class of '64) to Cape May. It's all relative.
My father was born and raised there and was in the fire department until retiring in 1964 with a great civil service pension. When he died in 1997 his pension income exceeded his highest earnings. Is that any way to run a state?
NJ is famous for governors. My favorite statement by one was from Brendan Byrne during the discussions about allowing casino gambling. When asked about organized crime infiltrating the casino business, he stated that he would keep mobsters out of New Jersey. Apparently he chose to ignore all those living in the state already. One in a line of clueless politicias I endured there.
Push more unemployed onto welfare, free housing, cell phones and helth care and get those people off the unemployed stats. Obama can increase his voter base and Bernanke and the Fed can print to buy the debt to pay for it.
Printing your way to political utopia!!
Buy something from China and help support a chinese nuke in your city today.
Ohhh those globalists got me hoppin mad this morning.
.....help support a chinese nuke in your city today.
If it is in Camden, NJ, Philly, Newark and a few others in Jersey then you have my full support.
Wonder how their pension funds are doing...
Corzine has not looted them yet but the Dems and unions may have beaten him to the punch.
It won't matter either way who is in power. Republicrat or Democan. When the economy is bad and you run out of money, you run out of money. The shithole of Camden laid off the majority of its City police and is now relying on mainly country officers. Deleveraging tsunami doesn't care which party you belong to.
Bingo. When the tax base starts to shrink, faster and faster, it makes not a bit of difference who's in charge, other than finding a dead horse to whip. The reason Camden is in such awful shape is that there is no one with good enough jobs there to tax to pay for infrastructure. That, unfortunately, is happening all over the country.
Tyler,
Please update the chart to show the source.
The candidates of both parties are approved and owned by the central bankers. Any appearance to the contrary is just part of the charade.
I'd expand on that: the centra bankers, the military industrial corporations, the big pharma, ... The theme here is that politicians in both parties are elected with mostly PAC and Lobby money. The PAC's and Lobbyists control the elections, not us.
The news here last night had a story about employment, seems the government is laying off on a scale never seen before. More than 750 let go in the last couple months in this little county alone, mostly teachers, so they claim many of those will be rehired later depending on school enrollment. They never used to "fire" teachers in the summer, why have they started now?
Perhaps they cannot borrow any more? Our local school board spends over 88% of its revenues on personnel and the remainder on facilities and interest expenses. Now that the infrastructure is in place, no more borrowing for capital projects means that maintenance will likely grow as a percentage of those outlays.
I was told by the amerikan presstitutes that we are looking at this all wrong. It would have been a 50,000 person job loss without the enlightened intervention of our central planners. So based on DC math they actually created 38,000 new jobs.
LOL at the Seasonal Adjustment Photoshop....
http://www.alternet.org/temp-worker-nation-if-you-do-get-hired-it-might-...
Temp Worker Nation -- If You Do Get Hired, It Might Not Be for LongA "decline for workers".....under a "socialist" President.
As Mel Allen would say, "How bout that?"
So from the low point under W, the trend for New Jersey turned positive under Obama.
Or do we say from the low point under Corzine, the trend turned positive under Christie?