Initial Jobless Claims: 359K vs. 350K consensus (prior week revised to 364K from 348K)....


Initial Jobless Claims: 359K vs. 350K consensus (prior week revised to 364K from 348K). Continuing claims -41K to 3.34M.
Comments (23)
  • Paulo Santos
    , contributor
    Comments (33819) | Send Message
     
    It came in above consensus, consensus was 350k, came in at 359k. The previous number suffered a large revision upwards (348k -> 364k).
    29 Mar 2012, 08:34 AM Reply Like
  • WMARKW
    , contributor
    Comments (10787) | Send Message
     
    I can't remember the last time there was a revision downward.
    29 Mar 2012, 08:45 AM Reply Like
  • bbro
    , contributor
    Comments (11217) | Send Message
     
    Which is why you look at a moving average of non seasonally adjusted numbers....there would not be a revision downward or highly unlikely
    this is not a sample.
    29 Mar 2012, 08:51 AM Reply Like
  • bbro
    , contributor
    Comments (11217) | Send Message
     
    52 week M.A. of NSA initial jobless claims drops 661 to 395,080...no recession
    29 Mar 2012, 08:34 AM Reply Like
  • Stoploss
    , contributor
    Comments (1713) | Send Message
     
    Gold Bullish..
    29 Mar 2012, 08:37 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    Ok. I will the first to ask. How did we have 348k last week with the media and Hopium smokers celebrating the numbers (although still very high but, hey, I guess you have to take your good news where you can get it) being at 3 year lows and now they are at 364K? I suspect all we are going to hear about is the 5K decline (if you believe that).
    29 Mar 2012, 08:36 AM Reply Like
  • bbro
    , contributor
    Comments (11217) | Send Message
     
    Look out folks they are changing the seasonal factors...3/24 was supposed to be .909..they made it .89
    29 Mar 2012, 08:38 AM Reply Like
  • Paulo Santos
    , contributor
    Comments (33819) | Send Message
     
    So they didn't move those when they were helping (during winter), and now that the cycle turns bad they change them? It figures.
    29 Mar 2012, 08:50 AM Reply Like
  • bbro
    , contributor
    Comments (11217) | Send Message
     
    No they do it every year at this time...there is no grand conspiracy
    29 Mar 2012, 08:57 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    It was to create a public perception of a fast improving economy. The problem is that reality will eventually trump perception. The reality is that the economy is, at the very best, only muddling forward as in a decreasing rate of improvement, which will be picked up by (very) lagging indicators such as moving averages.
    29 Mar 2012, 09:03 AM Reply Like
  • WMARKW
    , contributor
    Comments (10787) | Send Message
     
    And still no discussion about 9 million jobs lost re: workforce participation.
    29 Mar 2012, 08:47 AM Reply Like
  • Stoploss
    , contributor
    Comments (1713) | Send Message
     
    We will all live off of bbro. The last one working.
    29 Mar 2012, 08:56 AM Reply Like
  • bbro
    , contributor
    Comments (11217) | Send Message
     
    I love the ignorance with regard to initial jobless claims...seasonally
    adjusted...
    29 Mar 2012, 09:04 AM Reply Like
  • Stoploss
    , contributor
    Comments (1713) | Send Message
     
    Answer me this Albert. When can you declare victory?
    29 Mar 2012, 09:24 AM Reply Like
  • davidingeorgia
    , contributor
    Comments (2661) | Send Message
     
    All that's missing is the usual "unexpectedly!"

     

    As Mark says above, it's the participation rate that matters. These headline numbers are less than worthless.
    29 Mar 2012, 09:00 AM Reply Like
  • bbro
    , contributor
    Comments (11217) | Send Message
     
    Dont read the headlines...study the data
    29 Mar 2012, 09:05 AM Reply Like
  • Paulo Santos
    , contributor
    Comments (33819) | Send Message
     
    bbro, how are the NSA numbers comparing?
    29 Mar 2012, 09:11 AM Reply Like
  • doctor678
    , contributor
    Comments (8) | Send Message
     
    No matter how you cut it. dice it slice it 22,000,000 + are out of work.
    29 Mar 2012, 09:35 AM Reply Like
  • Econdoc
    , contributor
    Comments (2938) | Send Message
     
    numbers are consistent with continuing strong job growth and that is all you need to worry about - focusing on movements of 5000 one way or another in a weekly series is like pissing into the wind - not useful.

     

    things are improving and to try not to see that is only hurting you - not anyone else.

     

    E
    29 Mar 2012, 12:03 PM Reply Like
  • Stoploss
    , contributor
    Comments (1713) | Send Message
     
    22,000,000 OUT OF WORK FOREVER.

     

    1.3 T in student loans with 0 job's available for over 80%.

     

    Yes, they are improving.
    29 Mar 2012, 12:23 PM Reply Like
  • Econdoc
    , contributor
    Comments (2938) | Send Message
     
    yep...you got that right Stoploser

     

    22,000,000 out of work forever. FOREVER
    $1.3T in student loans with 0 jobs available for over 80%. ZERO JOBS

     

    seriously - you believe the garbage that you spout or are you just playing? I am guessing you are playing - since it hard to conceive how someone could be as dense as all that.

     

    E
    29 Mar 2012, 04:20 PM Reply Like
  • Spencer Knight
    , contributor
    Comments (389) | Send Message
     
    22M out of work forever seems a bit generalized considering we don't know if they will be out of work forever. And of that many people how many retired, went back to school, found under the table (nontaxed) jobs, etc. I haven't seen an uptick in the homeless so I find it difficult to believe that many people have no job and will never get a job. Since you can't live without a job. No food, no house, no life. The large revision upwards is very concerning to me because it makes the data look arbitrary.
    29 Mar 2012, 12:51 PM Reply Like
  • David Urban
    , contributor
    Comments (1031) | Send Message
     
    Remember that they are using the new census data for the first time which is going to mean larger revisions.

     

    I am market bearish but trying to keep the information in the proper perspective.
    29 Mar 2012, 03:08 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