The New Jersey Jobs Neutron Bomb

Tyler Durden's picture


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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Wed, 08/22/2012 - 09:45 | 2726938 hedgeless_horseman
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We will likely not now for sure until after the presidential election at which point the endless data fudging and manipulation finally ends.

Not likely, but it is nice to see that one can still dream.

Jersey needs some of Galvin's Magic...

Wed, 08/22/2012 - 09:45 | 2726969 malikai
malikai's picture

I hear if you take a whole bottle of it, you get green sharts.

Wed, 08/22/2012 - 09:51 | 2726984 GetZeeGold
GetZeeGold's picture



We don't have any jobs but we created or saved 5 million of them yesterday....where were you?


Wed, 08/22/2012 - 09:53 | 2726992 ratso
ratso's picture

The loss of jobs is more of that Christy magic.

Wed, 08/22/2012 - 10:04 | 2727038 idea_hamster
idea_hamster's picture

That's a pretty useful template for an article lead:

"[Insert whatever] was going so well until...New Jersey happened."

So many option, so little time.

Wed, 08/22/2012 - 11:27 | 2727454 TruthInSunshine
TruthInSunshine's picture

@Hedgeless - Best one yet!  I bet it makes burgers and steaks smell & take like bullshit, too.

mmmmm!  BBQ bullshit.

Wed, 08/22/2012 - 11:59 | 2727606 French Frog
French Frog's picture

"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?

Wed, 08/22/2012 - 12:44 | 2727771 Metalredneck
Metalredneck's picture

I was going to say that it would depend on who wins, but I'm not so sure that's tru anymore...

Wed, 08/22/2012 - 10:13 | 2727096 Freddie
Freddie's picture

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.

Wed, 08/22/2012 - 10:40 | 2727249 redd_green
redd_green's picture

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.   

Wed, 08/22/2012 - 10:02 | 2727041 Stock Tips Inve...
Stock Tips Investment's picture

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.

Wed, 08/22/2012 - 09:49 | 2726978 Cognitive Dissonance
Cognitive Dissonance's picture

AKA "Ben's Homemade Keynesian Aphrodisiac".

Wed, 08/22/2012 - 10:20 | 2727133 ParkAveFlasher
ParkAveFlasher's picture

drooish fly?

Wed, 08/22/2012 - 10:03 | 2727042 Quinvarius
Quinvarius's picture

Tastes just like bath salts.  Hmmmm....

Wed, 08/22/2012 - 09:43 | 2726940 RacerX
RacerX's picture

looks like somebody got the +/- sign backwards. Easy fix, just multiply by -1.

call it "Algebraically adjusted".

Wed, 08/22/2012 - 09:42 | 2726941 malikai
malikai's picture

Welcome to the recovery!

Wed, 08/22/2012 - 09:53 | 2726990 GetZeeGold
GetZeeGold's picture



I luv the smell of recovery in the morning....smells a tad bit like napalm.


Wed, 08/22/2012 - 09:40 | 2726943 Jason T
Jason T's picture

remember that garbage waste index?  

Wed, 08/22/2012 - 09:40 | 2726945 LawsofPhysics
LawsofPhysics's picture

Why would the propaganda end with the "election" of another banker/financial house puppet (Romney or Obama)?


Wed, 08/22/2012 - 09:44 | 2726961 LetThemEatRand
LetThemEatRand's picture

Ironically, suggesting that the propaganda is Obama-centric or party-centric is itself part of the propaganda.

Wed, 08/22/2012 - 09:45 | 2726968 EscapeKey
EscapeKey's picture

I vote for the Wall Street Party. Hence, my party always wins.

Wed, 08/22/2012 - 10:23 | 2727152 LawsofPhysics
LawsofPhysics's picture

That is exactly what I am saying, thanks for agreeing.

Wed, 08/22/2012 - 12:46 | 2727781 LetThemEatRand
LetThemEatRand's picture

Yes, I was agreeing.

Wed, 08/22/2012 - 11:49 | 2727550 Totentänzerlied
Totentänzerlied's picture

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.

Wed, 08/22/2012 - 13:37 | 2727983 LetThemEatRand
LetThemEatRand's picture

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. 

Wed, 08/22/2012 - 20:46 | 2729119 StychoKiller
StychoKiller's picture

The Meta-propaganda!

Wed, 08/22/2012 - 09:42 | 2726950 lolmao500
lolmao500's picture

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.

Wed, 08/22/2012 - 09:41 | 2726952 Arnold Ziffel
Arnold Ziffel's picture

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.

Wed, 08/22/2012 - 09:42 | 2726955 LongSoupLine
LongSoupLine's picture

Quick, get Corzine back!!!

Wed, 08/22/2012 - 09:42 | 2726956 g speed
g speed's picture

waiting for the spin-- daily humor--

Wed, 08/22/2012 - 09:42 | 2726957 waldocktrades
waldocktrades's picture

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.

Wed, 08/22/2012 - 13:40 | 2727998 LongSoupLine
LongSoupLine's picture


Wed, 08/22/2012 - 09:43 | 2726958 Todd Horlbeck
Todd Horlbeck's picture

The stock markets discounting mechanisim seems to be broken.

Wed, 08/22/2012 - 09:43 | 2726959 LawsofPhysics
LawsofPhysics's picture

Paging Governor Christie...  paging governor christie...

Fat robber barons, bitchez...

Wed, 08/22/2012 - 09:47 | 2726972 LetThemEatRand
LetThemEatRand's picture

I heard he's going to blame Bush.

Wed, 08/22/2012 - 09:51 | 2726981 LawsofPhysics
LawsofPhysics's picture

Well, at least that would be something different from his blaming obama.  Left... right... left ... right...  stupid sheep.

Wed, 08/22/2012 - 10:30 | 2727194 sessinpo
sessinpo's picture

"Paging Governor Christie...  paging governor christie...

Fat robber barons, bitchez..."

Wed, 08/22/2012 - 10:09 | 2727072 ReactionToClose...
ReactionToClosedMinds's picture

...... 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

Wed, 08/22/2012 - 10:21 | 2727137 Freddie
Freddie's picture

NJ is a Democrat felching state.  They love their 2008 Muslim.

Wed, 08/22/2012 - 09:44 | 2726960 Abraxas
Abraxas's picture

Everything is proceeding as planned. The fact that we are not privy to the plan is part of the plan.

Wed, 08/22/2012 - 09:44 | 2726964 Jlmadyson
Jlmadyson's picture

Yup expect really bad data rolling post elections.

Wed, 08/22/2012 - 09:44 | 2726965 lolmao500
lolmao500's picture

The MSM will say... so what, it's only NJ, the hell hole of America!

Wed, 08/22/2012 - 10:37 | 2727143 Freddie
Freddie's picture

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.

Wed, 08/22/2012 - 09:47 | 2726971 lizzy36
lizzy36's picture

See what happens when you put the GOP in charge ;)

Wed, 08/22/2012 - 10:12 | 2727088 ReactionToClose...
ReactionToClosedMinds's picture

were you a former Corzine employee taking the 5th?

Wed, 08/22/2012 - 10:15 | 2727106 lizzy36
lizzy36's picture

Why, yes how ever did you guess?

I am guessing the wink from my sarcastic comment gave me away.

Wed, 08/22/2012 - 09:49 | 2726974 booboo
booboo's picture

Snooki is pregnant and looking for the father?

Wed, 08/22/2012 - 10:10 | 2727079 kaiserhoff
kaiserhoff's picture

So..., she backed her ass into a buzz saw, and now she's trying to say which tooth bit her?????

Wed, 08/22/2012 - 11:53 | 2727571 CCanuck
CCanuck's picture

+1, still laughing, now that is funny!

Wed, 08/22/2012 - 12:37 | 2727753 Nobody For President
Nobody For President's picture

No, but she DID get a little behind in her work.

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