Initial Jobless Claims: +35K to 445K vs. 407K consensus. Continuing claims -248K to 3,879,000.


Initial Jobless Claims: +35K to 445K vs. 407K consensus. Continuing claims -248K to 3,879,000.
Comments (18)
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    Crappy numbers...California worse.....
    13 Jan 2011, 08:34 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2241) | Send Message
     
    wow...that was just plain ugly...NSA above 770,000?!
    13 Jan 2011, 08:38 AM Reply Like
  • Ganeshdindodi
    , contributor
    Comments (75) | Send Message
     
    welcome to hell !
    13 Jan 2011, 08:39 AM Reply Like
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    Now remember the seasonal factor is 1.73 the highest for the year...
    it always is the highest nonseasonally adjusted numbers...the disappointment is that the year over year differential narrowed a lot
    to only 45,000....I would have liked to see a 100,000 to 120,000
    differential....
    13 Jan 2011, 08:41 AM Reply Like
  • Carlos Lam
    , contributor
    Comments (1294) | Send Message
     
    bbro, you are correct. The YoY change for the same week last year was about a 142K drop. As they say, the "second derivative" is getting uglier.

     

    Drilling down deeper into the 1/1/11 data, Michigan claims jumped by 10K in ALL industries surveyed.
    13 Jan 2011, 10:36 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    But where were you before new years when the "good" numbers came out.......thats right....those were BS numbers but you had to lie about those...
    13 Jan 2011, 09:13 AM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    Again, I'll state we are NOT in recovery. We are in the midst of a Fed induced monetary heroin high. The end state (read: overdose or cold turkey rehab) is going to be ugly.
    13 Jan 2011, 09:24 AM Reply Like
  • Dibber
    , contributor
    Comments (1375) | Send Message
     
    QEII isn't stimulus, and doesn't create an economic high. It's just one big tax. The Fed has taken $2 trillion of real assets out of the private sector in exchange for vapor. That will definitely lead to monetary dilution, but it isn't stimulative. It's the opposite.

     

    Best way to tell how the economy is doing is to follow income tax revenues on that theory that no one would pay income taxes unless they're really making the money. Tax receipts are up significantly in the last 6 months, at all levels of govt. So economy is definitely doing better.

     

    I worry though how long this growth can last given that labor participation rates have been falling rapidly. That's definitely a headwind.
    13 Jan 2011, 12:04 PM Reply Like
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    Give me a break......give me some statistical analysis.....
    13 Jan 2011, 09:25 AM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    lol, would you like me to show you the stats proving the Sun rises in the east and sets in the west too?

     

    The stat analysis is everywhere bbro. The fact you're asking for it is indicative of your refusal to acknowledge the obvious.
    13 Jan 2011, 09:33 AM Reply Like
  • wyostocks
    , contributor
    Comments (9113) | Send Message
     
    bbro: There are none so blind as those that refuse to see.
    Market guy is spot on.
    13 Jan 2011, 10:20 AM Reply Like
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    As usual...words..words...A for style..F for substance
    13 Jan 2011, 09:43 AM Reply Like
  • kmi
    , contributor
    Comments (4579) | Send Message
     
    Knowing where we are going is less important than when we are going to get there for traders, and more important for politicians and economists.

     

    I agree with MG but there isn't much we peons can do about it until the SHTF, so I watch the numbers with bbro.
    13 Jan 2011, 10:26 AM Reply Like
  • bbro
    , contributor
    Comments (11216) | Send Message
     
    C for style???
    13 Jan 2011, 10:29 AM Reply Like
  • wyostocks
    , contributor
    Comments (9113) | Send Message
     
    Why is anyone concerned here.
    The summer of recovery, part 2, 2011, is just a few months away.
    Just trust Joe. All will be fine.
    13 Jan 2011, 10:34 AM Reply Like
  • cajun190
    , contributor
    Comments (10) | Send Message
     
    All the BLS numbers are just contrived BS, the revisions and "adjustments" are used to manipulate the mkts as needed... it is all just a big casino with the house controlling the "odds". Perception is reality until the banksters and power elites make their $$ .. then the truth is revealed.
    13 Jan 2011, 04:26 PM Reply Like
  • Econdoc
    , contributor
    Comments (2938) | Send Message
     
    yawn. wake m when we get to 1500 will you?

     

    MG. you are going to owe me. I love it. keep repeating it - "there is no recovery, there is no recovery" you are starting to souund like Colonel Kurtz...and we all remember how that ended.

     

    bbro. why do you bother with these shallow fools? one piece of data and they all soil themselves. its laughable. they have to change their clothes after seeing one bad print. never mind that 8 out of 10 elements are up up up.

     

    what an amazing lack of gumption. the losers have completely abandoned themselves to fear and hopelessness. have at it. more for me.

     

    candidlly I don't invest in economic data - I invest in companies and their values are driven by earnings.

     

    did I tell you I snapped up some more STD and TEF late last week. yummy.

     

    earning, earnings, earnings, $100 in 2011. did anyone catch Intel? now those are recession numbers.

     

    E is for earnings.

     

    E
    13 Jan 2011, 10:48 PM Reply Like
  • Dibber
    , contributor
    Comments (1375) | Send Message
     
    Rip Van Winkle,
    We'll wake you up when the S&P500 hits 1500. Don't worry about that.
    14 Jan 2011, 01:05 AM Reply Like
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