Seeking Alpha

Initial Jobless claims jumps 68K to 368K

  • Initial Jobless Claims:  +68K to 368K vs. 325K consensus, 300K prior revised (298K prior week).
  • Continuing claims +40K to 2.79M.
Comments (15)
  • WMARKW
    , contributor
    Comments (10484) | Send Message
     
    But.....but, I thought we hired a bunch of people just last week and that everything was going great???
    12 Dec 2013, 08:57 AM Reply Like
  • mrdirt
    , contributor
    Comments (676) | Send Message
     
    U3 declined last week because more people "supposedly" dropped out of the labor market.
    12 Dec 2013, 09:16 AM Reply Like
  • Tricky
    , contributor
    Comments (1687) | Send Message
     
    Are you sure? I thought LF participation had risen in that last report?
    12 Dec 2013, 10:52 AM Reply Like
  • jrgoldman
    , contributor
    Comments (7) | Send Message
     
    all data from the government is MEANINGLESS. accept it.
    12 Dec 2013, 09:11 AM Reply Like
  • chopchop0
    , contributor
    Comments (4218) | Send Message
     
    This. Notice how the government never really publicizes the labor force participation rate and the overall trend over the past 5-6 years?
    12 Dec 2013, 09:40 AM Reply Like
  • dnorm1234
    , contributor
    Comments (1073) | Send Message
     
    >Notice how the government never really publicizes the labor force participation rate and the overall trend over the past 5-6 years?

     

    What do you mean the government doesn't publicize it? It's right there on the BLS site, in all its glory, for anyone to look at. The FED has even written articles about the decline in the labor force participation rate.

     

    What I notice is you making things up.
    12 Dec 2013, 10:26 AM Reply Like
  • The_Hammer
    , contributor
    Comments (4509) | Send Message
     
    just in time for janet's new scheme. think-- the unthinkable. No inflation no problema. at we are repeatedly told. just use your imagination what's next.
    12 Dec 2013, 09:28 AM Reply Like
  • Brian58
    , contributor
    Comments (219) | Send Message
     
    that explains the overnight manipulation in GLD. Another leak? Imagine that.
    12 Dec 2013, 09:29 AM Reply Like
  • bbro
    , contributor
    Comments (10706) | Send Message
     
    Psst...no recession in sight....
    12 Dec 2013, 09:29 AM Reply Like
  • The_Hammer
    , contributor
    Comments (4509) | Send Message
     
    Never ever a recession again. business cycle all micro controlled by our fed friends. what we need is some more wealth creation. the fed should start buying houses at 15% premium to asking then hand the keys to some broke indebted slave and then print the money to repay their credit cards/car loans. this would juice the economy.
    12 Dec 2013, 09:33 AM Reply Like
  • bbro
    , contributor
    Comments (10706) | Send Message
     
    Oh we will have a recession as sure as the sun comes up....just not now and
    probably not for a long time....
    12 Dec 2013, 09:36 AM Reply Like
  • mrdirt
    , contributor
    Comments (676) | Send Message
     
    No Recovery either, the Economic Doldrums will also continue for some time.
    12 Dec 2013, 10:33 AM Reply Like
  • GaltMachine
    , contributor
    Comments (1534) | Send Message
     
    bbro,

     

    You might find it interesting that David Rosenberg has come around to your point of view on the economy:

     

    "David Rosenberg: U.S. economy in 2014 has more upside than many think"
    http://bit.ly/1dtGKjF
    12 Dec 2013, 11:52 AM Reply Like
  • bbro
    , contributor
    Comments (10706) | Send Message
     
    I have noticed his change (he puts out interesting reads on the economy although I have disagreed with him a lot)...how about this one next year...

     

    "one three-handle on payrolls next year"....hmmmm
    12 Dec 2013, 12:21 PM Reply Like
  • Petrarch
    , contributor
    Comments (982) | Send Message
     
    it is the 4 week MVA which matters.
    12 Dec 2013, 12:43 PM Reply Like
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