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Initial Jobless Claims: 374K vs. 386K consensus (prior week revised to 388K from 386K)....

Initial Jobless Claims: 374K vs. 386K consensus (prior week revised to 388K from 386K). Continuing claims +4K at 3.30M.
Comments (27)
  • anonymous#12
    , contributor
    Comments (552) | Send Message
     
    NO recession. Claims continue to drop, ADP payrolls surging, Durable Goods up, Retail Sales up....
    5 Jul 2012, 08:33 AM Reply Like
  • sean.parmelee
    , contributor
    Comments (790) | Send Message
     
    There's no recession, but your suggestion that "claims continue to drop" is totally false.
    5 Jul 2012, 08:36 AM Reply Like
  • 2MuchDebt
    , contributor
    Comments (215) | Send Message
     
    We already know there is no recession at this time anonymous. You don't have to post a comment everybody already knows every time a statistic is released. How about posting some other stats to show that even though we're not in a recession, we're not in anything close to a cyclical upswing, like how business sales growth vs. inventory growth saw a negative crossover recently, retail sales growth has decelerated, industrial production growth has decelerated, economic growth is well short of the beginning of this year's lofty expectations and employment growth is anything but robust. This will help bring reality into the picture.
    5 Jul 2012, 08:54 AM Reply Like
  • maudie
    , contributor
    Comments (468) | Send Message
     
    Dam! Markets are not listening to anony's brilliant takeā€¦again. Must get depressing.
    5 Jul 2012, 09:38 AM Reply Like
  • WMARKW
    , contributor
    Comments (10252) | Send Message
     
    The 4 week moving average is the 3rd highest this year and the 8 week moving average is the highest this year. Claims have dropped for TWO weeks in a row after going up 9 of the last 13 weeks. And this report will certainly be revised upward.
    5 Jul 2012, 01:26 PM Reply Like
  • Lakeaffect
    , contributor
    Comments (978) | Send Message
     
    Retail sales up ..... Yep. up 0.2%, compared to up 1.7% in May. Things are on a tear. Strip out inflation in June, and the number was likely down.
    5 Jul 2012, 03:24 PM Reply Like
  • American in Paris
    , contributor
    Comments (5504) | Send Message
     
    The reality is that the inventory/sales ratio has been remarkably stable. Housing and construction are recovering nicely. Yes, manufacturing is weaker due to the strong dollar.

     

    So 2% annual real GDP growth looks plausible. No recession, 'Bro' ...
    5 Jul 2012, 04:27 PM Reply Like
  • detto
    , contributor
    Comments (76) | Send Message
     
    LMAO at the doomers,!!!! WHere Si the recession???
    5 Jul 2012, 08:37 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3529) | Send Message
     
    Where is the recovery? Still scraping bottom.
    5 Jul 2012, 08:37 AM Reply Like
  • detto
    , contributor
    Comments (76) | Send Message
     
    And that's your excuse after crying for months that we were going into a recession....Hahahahah...

     

    LMAO at zerohedge!!
    5 Jul 2012, 08:42 AM Reply Like
  • OptionManiac
    , contributor
    Comments (3304) | Send Message
     
    Scraping bottom? I guess you've been asleep for the last few years, Rip.
    5 Jul 2012, 04:11 PM Reply Like
  • bbro
    , contributor
    Comments (9330) | Send Message
     
    52 week moving average of non seasonally adjusted jobless claims drops
    1082 to 384,159...this M.A. has dropped over the last 5 weeks....810,468.572,734 and 1082 respectively
    5 Jul 2012, 08:38 AM Reply Like
  • maudie
    , contributor
    Comments (468) | Send Message
     
    non seasonally adjusted jobless claims drops as more drop out of the workforce.
    5 Jul 2012, 09:40 AM Reply Like
  • bbro
    , contributor
    Comments (9330) | Send Message
     
    That is inaccurate...reread what initial jobless claims means...
    5 Jul 2012, 11:23 AM Reply Like
  • anonymous#12
    , contributor
    Comments (552) | Send Message
     
    Maudie, you clearly don't know a heck of economics. Go back and study what jobless claims are.
    5 Jul 2012, 10:49 PM Reply Like
  • wapiti
    , contributor
    Comments (698) | Send Message
     
    If everything is so good, why do we need more QE? The maket is up 10% ytd. What more does the FED and Obama want?
    5 Jul 2012, 08:42 AM Reply Like
  • bbro
    , contributor
    Comments (9330) | Send Message
     
    It is not so good but it is definitely not so bad....
    5 Jul 2012, 08:46 AM Reply Like
  • bbro
    , contributor
    Comments (9330) | Send Message
     
    Interesting all the big states are showing better than average
    improvement except New York and Pennsylvania just like last week....
    5 Jul 2012, 08:55 AM Reply Like
  • BlueOkie
    , contributor
    Comments (4529) | Send Message
     
    We have seen 8% plus unemployment since Obama took office. We have gotten use to the poor numbers. Why isn't the media screaming about his poor performance? We have 46million on foodstamps! This President has caused a disaster and blames it on everyone but himself. His answer of tax the rich and give it to the poor isn't working.
    5 Jul 2012, 09:02 AM Reply Like
  • bbro
    , contributor
    Comments (9330) | Send Message
     
    Who cares about the politics it is the business cycle that rules over all.....H.W.Bush got too much blame,Clinton too much credit etc etc etc
    5 Jul 2012, 09:12 AM Reply Like
  • OptionManiac
    , contributor
    Comments (3304) | Send Message
     
    Exactly - the economy is much much to big for "tweaking" to have any great effect.
    5 Jul 2012, 10:37 AM Reply Like
  • detto
    , contributor
    Comments (76) | Send Message
     
    IRELAND returns to the bond markets....

     

    But...but....I thought Europe was in a crisis, that's what the doomers told me!!!
    5 Jul 2012, 09:10 AM Reply Like
  • 2MuchDebt
    , contributor
    Comments (215) | Send Message
     
    You don't think Europe is in a crisis?
    5 Jul 2012, 09:19 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3529) | Send Message
     
    Terry,
    What happened to your old picture and name.
    5 Jul 2012, 09:32 AM Reply Like
  • Josh ODonnell
    , contributor
    Comments (229) | Send Message
     
    The #'s that are produced by these agencies are ALL made up. They aren't real. 16 trillion dollars of debt, a dollar bubble thats gearing up to burst, and a housing market thats ready for another leg down is all in the works.(these are whats real) Also the GDP #'s are false too. The 1.9% # you see is all federally induced..and we will continue to see this # go up, right up to the election to falsify the real economic growth #'s

     

    We aren't in a recession. We are headed into a global depression by 2014-2015..
    5 Jul 2012, 01:59 PM Reply Like
  • 7iron10
    , contributor
    Comments (42) | Send Message
     
    Opinions aside, data is false, but my opinion without data is the truth? All this time I though it was the other way around...
    5 Jul 2012, 02:39 PM Reply Like
  • OptionManiac
    , contributor
    Comments (3304) | Send Message
     
    Right, hundreds of government number crunchers are lying and keeping their mouths shut. Huh! No one can keep their mouth shut anymore.
    5 Jul 2012, 04:09 PM Reply Like
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