Initial Jobless Claims: 357K vs. 355K consensus (prior week revised to 363K from 359K)....


Initial Jobless Claims: 357K vs. 355K consensus (prior week revised to 363K from 359K). Continuing claims -16K to 3.33M.
Comments (21)
  • bbro
    , contributor
    Comments (11223) | Send Message
     
    52 week moving average of NON seasonally adjusted initial jobless claims drops 739 to 394,349....no recession....
    5 Apr 2012, 08:33 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    so no recession BBRO...then tell m why everything out of Obama´s mouth is about creating jobs..the greatest depression..etc...lets start cutting expenses now that the economy is booming according to you...it does not need the governments help now...its steaming ahead....right
    5 Apr 2012, 08:41 AM Reply Like
  • Trader Monk
    , contributor
    Comments (130) | Send Message
     
    Youngman..Everything out of Oblamo's mouth is about jobs..HIS!..not about jobs created but about job saved..
    5 Apr 2012, 08:52 AM Reply Like
  • anonymous#12
    , contributor
    Comments (545) | Send Message
     
    At least Obama isn't attacking Iraq, giving tax cuts to the rich and deregulating the banks....
    5 Apr 2012, 03:35 PM Reply Like
  • bbro
    , contributor
    Comments (11223) | Send Message
     
    Quit thinking about Obama (and most politicians)...think about the business cycle...
    5 Apr 2012, 08:45 AM Reply Like
  • 2MuchDebt
    , contributor
    Comments (406) | Send Message
     
    And what part of the business cycle are we in now; monetize, inflate and hope?
    5 Apr 2012, 12:21 PM Reply Like
  • bbro
    , contributor
    Comments (11223) | Send Message
     
    Growing with minimal inflation...
    5 Apr 2012, 12:50 PM Reply Like
  • American in Paris
    , contributor
    Comments (5495) | Send Message
     
    Oh, yes, two percent inflation. That's really bad ...
    5 Apr 2012, 03:26 PM Reply Like
  • kwm3
    , contributor
    Comments (2454) | Send Message
     
    seems pretty high given the characterization that we're in recovery mode--a view I do not share, as we barely muddle through the days of depression.
    5 Apr 2012, 09:39 AM Reply Like
  • bbro
    , contributor
    Comments (11223) | Send Message
     
    We are virtually tracing same pattern of early 1993 and early 2004...
    except this time our postponable purchases to GDP ratio is much lower...more room to run...
    5 Apr 2012, 09:43 AM Reply Like
  • Econdoc
    , contributor
    Comments (2938) | Send Message
     
    more good numbers on the economy. recovery continues - growth is here.

     

    folks this number matters and tells you that there is +200k per month job growth as far as the eye can see.

     

    as for Obummer - he is irrelevant - not a factor as nothing he has done has supported or sparked the recovery - in fact he has done his level best to impede it - almost succeeded too - he has to go.

     

    One day soon the pantheon will be complete - the anti-Rushmore -

     

    James Buchanan
    Warren Harding
    Andrew Johnson
    Franklin Pierce
    Barack Obama

     

    Obama must be defeated.

     

    E
    5 Apr 2012, 10:05 AM Reply Like
  • schatzl
    , contributor
    Comments (391) | Send Message
     
    "more good numbers on the economy. recovery continues - growth is here"

     

    Really? I'm sceptical. The US pop. grew by 4 million last year. A rough calculation tells me you'd need +200k jobs per month just to keep the employment levels steady. Granted, I see some improvement but consider it minimal given the massive monetary and fiscal non-sustainable stimuli invested.
    5 Apr 2012, 11:17 AM Reply Like
  • bbro
    , contributor
    Comments (11223) | Send Message
     
    Millard Fillmore??
    5 Apr 2012, 12:52 PM Reply Like
  • Machiavelli999
    , contributor
    Comments (831) | Send Message
     
    The interesting thing is Warren Harding was one of the most libertarian Presidents we've ever had. Probably the most libertarian in the 20th century.
    5 Apr 2012, 01:49 PM Reply Like
  • huizentruit17
    , contributor
    Comments (13) | Send Message
     
    Yes, let's get Bush back, the moron, and start a war against Iran.
    Maybe he can have another tower or two blown up and set the taxes for the richest to 0 %.
    What a stupid country the United States of Obesitas
    5 Apr 2012, 02:16 PM Reply Like
  • Trader Monk
    , contributor
    Comments (130) | Send Message
     
    Your comments about the "tower or two..." are in very poor taste and very offensive..
    9 Apr 2012, 08:15 PM Reply Like
  • Abraxas
    , contributor
    Comments (297) | Send Message
     
    I wonder if with all the non-sense political talk that goes around here anyone has time to invest and make money.
    5 Apr 2012, 11:10 AM Reply Like
  • larryb1
    , contributor
    Comment (1) | Send Message
     
    Best comment thus far...
    5 Apr 2012, 11:39 AM Reply Like
  • Econdoc
    , contributor
    Comments (2938) | Send Message
     
    nothing to do with politics - it is about getting rid of a boat anchor to growth

     

    and if you have been on the site for any length of time you will know that some of us have been buying for about 700 points now - and will continue to do so for another 400 to 500 S&P points to come despite the stupidity of the Administration.

     

    E
    5 Apr 2012, 12:41 PM Reply Like
  • neutrinoman
    , contributor
    Comments (700) | Send Message
     
    It'll get revised upward next week, and that will go unreported ... lot of people have dropped out of the labor force since December.
    5 Apr 2012, 01:57 PM Reply Like
  • bbro
    , contributor
    Comments (11223) | Send Message
     
    It is initial jobless claims not continuing claims and yes it is
    likely to be revised up. If you follow the 52 week moving average of
    NSA jobless claims it incorporates the revised numbers and gives you
    the direction.Which is down
    5 Apr 2012, 02:06 PM Reply Like
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