Jobless Claims edged up 1K to 326K


Initial Jobless Claims:  +1K to 326K vs. 330K consensus, 325K prior revised (326K prior week).

Continuing claims +34K to 3.06M.

Comments (8)
  • Papaswamp
    , contributor
    Comments (2241) | Send Message
     
    EUC drops to zero as 1.35 million no longer receiving long term benefits. This might translate to a larger drop in participation rate for January.
    23 Jan 2014, 10:02 AM Reply Like
  • bbro
    , contributor
    Comments (11227) | Send Message
     
    For investing purposes..... focus on the rate of change of jobless claims....
    23 Jan 2014, 10:06 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2241) | Send Message
     
    I suppose I look at it as $2.1Billion per month (cost of the program) was just removed from the consumer economy. Certainly many of these people will have to pick up some sort of job, but eventually, the degradation of the participation rate will impact the economy. Gallup's P2P is definitely heading in the wrong direction. Initial claims won't see this aspect at all.
    23 Jan 2014, 10:22 AM Reply Like
  • Petrarch
    , contributor
    Comments (1150) | Send Message
     
    another good number.
    P
    24 Jan 2014, 02:28 AM Reply Like
  • bbro
    , contributor
    Comments (11227) | Send Message
     
    "eventually, the degradation of the participation rate will impact the economy."

     

    Labor Force participation rate April 2000 67.3% December 2013 62.8%

     

    GDP per employee 1q 2000 $73,416...3q 2013 117,230....3.53 % annualized growth rate per year over 13.5 years
    23 Jan 2014, 11:54 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2241) | Send Message
     
    US population in 2000 was ~ 248 Million...it is now over 310 million. Gallup has the P2P at 42.5% (working 30hrs a week or more)..lowest in several years. GDP comparisons per worker is a weak metric these days since debt levels (corporate and government) are at multi-decadal highs. Central banks are forced to sit on interest rates to prevent economic collapse. The market is a farce, propped up by mass intervention and continued debt/currency creation with continued government loans, guarantees and outright Fed monetary injections. The returns from such policies are obviously diminishing at a rapid rate.

     

    Simply put...there are too many people for too few jobs. Jobs are either not being filled, being replaced by cheaper workforce elsewhere or being replaced by technology. The technology aspect is rather large and another reason why GDP per employee is misleading (additionally the way GDP is now calculated). The worker is getting credit for the robot or computer that is doing the work.
    23 Jan 2014, 12:39 PM Reply Like
  • bbro
    , contributor
    Comments (11227) | Send Message
     
    You believe the whole
    system is false and I believe it is the business cycle doing its natural process with an upward tilt....and there you have it...
    23 Jan 2014, 12:44 PM Reply Like
  • Eudaimonia
    , contributor
    Comments (952) | Send Message
     
    I like popsicles
    23 Jan 2014, 12:48 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs