Initial Jobless Claims: 367K vs. 370K consensus, 363K prior revised (prior week 359K)....

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bbro Comments (7896)
 
52 week moving average of non seasonally adjusted jobless claims
drops 589 to 377,041....continued southward direction...no recession here
4 Oct 2012, 08:34 AM Reply Like

mickmars Comments (1118)
 
This time last year, 58.3% of the population was employed. Today we have..... 58.3% of the population employed.

No recession. No recovery.
4 Oct 2012, 09:36 AM Reply Like

Freedoms Truth Comments (714)
 
"No recession. No recovery. "

Correct. 1.3% growth. Unlikely to be above 2% in 2nd half 2012, weaker pace than in 2011, which was weaker than in 2010.

Market is rallying on hopes that maybe Romney will win.
Any change from the path we are on is good.
4 Oct 2012, 03:35 PM Reply Like

youngman442002 Comments (5033)
 
Dropping off the roles and onto food stamps and disability...lol..you are right no depression..just out right stealing from the government now....its free money...phones now too...Entitlements ...the non producers...
4 Oct 2012, 08:39 AM Reply Like

WMARKW Comments (8562)
 
There is absolutely no reason to project any improvement over the near term. This economy is limping along on one leg with a broken arm and seeing out of one eye. No doctor in sight.
4 Oct 2012, 09:13 AM Reply Like

jhooper Comments (4707)
 
September average claims per week were 375k, in line with the August 370k level. This year looks poised to follow the pattern with last year with improvement from the end of September until the end of next March. Investors need to watch job prospects during this period, however, due to the potential of the fiscal cliff to muddy the water.
4 Oct 2012, 09:45 AM Reply Like

bbro Comments (7896)
 
Respectfully...your quote

"I think you will see your 52 week moving average climb for 9 of the next 10 weeks as each prior year's week is replaced by a higher current year's week of jobless claims.

Aug 30 09:03 AM"
4 Oct 2012, 09:26 AM Reply Like

WMARKW Comments (8562)
 
Well hey, we're getting close. Once claims get over 377k MA will have to go up. We're only 10k away (unrevised) today.
4 Oct 2012, 01:20 PM Reply Like

bbro Comments (7896)
 
It has been 4 weeks since your comment and it has gone down every week...4 out of 4
4 Oct 2012, 04:01 PM Reply Like

WMARKW Comments (8562)
 
Ok, so I messed up. Am I wrong to say that any new point above your 52 week MA will actually raise the MA and that 10k is now the delta between recent week and MA. So, we are basically flat lined, and the MA of jobless claims says really nothing about the size of the jobless pool - only about those who have the opportunity to receive initial claims.
4 Oct 2012, 05:35 PM Reply Like

Rummeljordan Comments (471)
 
Sweet! QE3 is working. O wait, no its not.
4 Oct 2012, 09:44 AM Reply Like

mweaver Comments (185)
 
qe4,qe5,qe6......
4 Oct 2012, 09:51 AM Reply Like

Interesting Times Comments (4022)
 
378K OUT OF WORK WEEKLY AND NO RECESSION? Respectfully Mitt broke out last night. Problem is are we too late?

Maybe passed the Tipping point, imho.

Buy silver and gold folks..
4 Oct 2012, 03:31 PM Reply Like