Seeking Alpha

Initial Jobless Claims: -12K to 350K vs. 365K consensus, 362K prior (revised). Continuing claims...

Initial Jobless Claims: -12K to 350K vs. 365K consensus, 362K prior (revised). Continuing claims -32K to 3.23M.
Comments (25)
  • bbro
    , contributor
    Comments (9323) | Send Message
     
    Excellent..
    27 Dec 2012, 08:36 AM Reply Like
  • GaltMachine
    , contributor
    Comments (1135) | Send Message
     
    bbro,

     

    Read this from Hedgeye this morning:

     

    http://bit.ly/10nkEvA
    "JOBLESS CLAIMS: MISSING PIECES

     

    This week’s jobless claims numbers had 19 states omitted from the data, including California and Texas. While the data is positive with initial jobless claims falling 11k to 350k from 361k, we wouldn’t put too much faith in this data and would wait and see what next week’s numbers hold. Hurricane Sandy is no longer affecting the numbers and claims are generally trending lower, the latter of which is a tailwind we should expect to continue through February."

     

    How do they handle missing states' data?
    27 Dec 2012, 10:21 AM Reply Like
  • bbro
    , contributor
    Comments (9323) | Send Message
     
    Statistically....,
    27 Dec 2012, 10:44 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    GALT

     

    What a shock, missing info from this administration?

     

    NO, can't be!! lol

     

    All they do is revise the number and bury it, no one really looks at revised weekly numbers once they are published anyway!!
    28 Dec 2012, 01:32 PM Reply Like
  • User 593494
    , contributor
    Comments (4) | Send Message
     
    bbro your on here all the time with your liberal rant ,why dont you print the truth, the labour dept was closed for two days in the report,
    27 Dec 2012, 08:58 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    Damn..look at the NSA numbers.
    27 Dec 2012, 09:06 AM Reply Like
  • bbro
    , contributor
    Comments (9323) | Send Message
     
    And what does that tell you???
    27 Dec 2012, 09:10 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    It tells me that there about 90,000 more REAL people that are unemployed than what govt stats are showing. It also makes me wonder how ARIMA X-12 could make that ajustment based on 19 states not reporting due to office closings which may mean it is more than 90,000 who are jobless.
    27 Dec 2012, 09:27 AM Reply Like
  • bbro
    , contributor
    Comments (9323) | Send Message
     
    Since when does excellent mean Liberal?? In fact I would prefer you
    consider the number a bad one.....
    27 Dec 2012, 09:07 AM Reply Like
  • june1234
    , contributor
    Comments (2499) | Send Message
     
    Report will be revised upward next report .You'd think after 5 years of miss-calculations someone might get it right. Labor dept also reports each week the "underemployed" count which includes newly unemployed. That number has been sitting at between 14 to 15% for almost 5 years in this recovery
    27 Dec 2012, 09:24 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Lots of Santas unemployed this week
    27 Dec 2012, 09:25 AM Reply Like
  • Petrarch
    , contributor
    Comments (634) | Send Message
     
    best number since March 2008 - that includes 4 christmases - this is a good number.

     

    what cliff?

     

    P
    27 Dec 2012, 09:46 AM Reply Like
  • kwm3
    , contributor
    Comments (2453) | Send Message
     
    U-6 rate stands pat at 15%; 350k lost their jobs last week--holy Moses, when will this end? Even if the long term average is 200k, it does mean there remain 23 million without work.
    27 Dec 2012, 10:47 AM Reply Like
  • Faridsada
    , contributor
    Comment (1) | Send Message
     
    Someone like me, concerned with the currency market, knows that any report even if by mistake reports something bad or good will directly affect the Dollar or any other currency. I don't know if I'm right or wrong, but at least this is what I feel.
    27 Dec 2012, 11:14 AM Reply Like
  • jhooper
    , contributor
    Comments (5347) | Send Message
     
    This number still indicates malaise. This should keep BB in the game, thus transfering more wealth my way.
    27 Dec 2012, 11:15 AM Reply Like
  • anonymous#12
    , contributor
    Comments (552) | Send Message
     
    NO recession. The US economy is growing strongly.
    27 Dec 2012, 12:29 PM Reply Like
  • jhooper
    , contributor
    Comments (5347) | Send Message
     
    Funny how austerity becomes "strong" based on whose guy is in office. I would not let your investment decisions be made on advice like this. You are better off recognizing the wealth transfer for what it is, and invest from that perspective than from ideological fantasy land.
    27 Dec 2012, 03:07 PM Reply Like
  • WMARKW
    , contributor
    Comments (10251) | Send Message
     
    Wow - and what will the continuing claims numbers be when the emergency unemployment extension is killed next week with no fiscal cliff resolution? And do the temp retail workers laid off after beginning of the year get to file for unemployment?
    27 Dec 2012, 01:55 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    MARK

     

    I am amazed at how many people just don't get it...You stop looking for work you drop off the unemployment figure..350k people STOPPED looking in Nov..

     

    Those that believe these manipulated numbers don't understand economics or statistics...simple..

     

    But go on and continue to believe everything is ok , who am i to educate you anyway!!
    27 Dec 2012, 03:01 PM Reply Like
  • june1234
    , contributor
    Comments (2499) | Send Message
     
    http://bit.ly/12IMwKu

     

    Those feeling business conditions are good: 15.5%

     

    Those feeling jobs are plentiful: 8.3%

     

    numbers consistent with all jobs recoveries
    27 Dec 2012, 02:30 PM Reply Like
  • jhooper
    , contributor
    Comments (5347) | Send Message
     
    Here's what's not consistent.

     

    Job losses 81-82 : 2.180 million
    Job losses 91 : 858k
    Job losses 01-02 : 2.306 million
    Job losses 08-09 : 8.7 million

     

    The losses were 4x as large. So if the healing is just like the other periods, then that's not good enough. We need robust recovery because the damage was so much worse. Same-old-same-o just doesn't cut it. A miracle from a Messiah was promised. So, where is the miracle?
    27 Dec 2012, 04:21 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Real unemployment is closer to 20% as reported by many REAL stats..Just like inflation figures from Washington does not include food or energy???

     

    Now does that make any sense if you want to be truthful..

     

    I dare anyone to tell me it cost less today to feed their families, less today to travel, then a year ago!!!

     

    But BB says we have no inflation anywhere. Please ,give me a break..

     

    Anyone know a person who has exhausted their unemployment and are still out of work?...Or who have accepted a $10 buck an hr job instead of the 80k they were making just to try and pay some bills?

     

    Well i know plenty..This recession is almost a depression covered up nicely by the big boys...Most families i know have cut back on a ton of things they had been doing.

     

    I don't buy this BS one bit!!! Neither should any of you!
    27 Dec 2012, 03:10 PM Reply Like
  • Seth Walters
    , contributor
    Comments (675) | Send Message
     
    More lipstick on this pig market.
    27 Dec 2012, 04:20 PM Reply Like
  • bbro
    , contributor
    Comments (9323) | Send Message
     
    Love the negative view...need to create a buying opportunity...
    28 Dec 2012, 07:15 AM Reply Like
  • WMARKW
    , contributor
    Comments (10251) | Send Message
     
    I'd like to think that I take a more "realistic" view. I don't have much optimism for our elected officials making the "right" kind of decisions. 2013 should be an interesting year.
    28 Dec 2012, 01:27 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|