Stock index futures give up some gains as jobless claims jump to their highest level in 4...

Stock index futures give up some gains as jobless claims jump to their highest level in 4 months, though the Labor Dept, says adjustment issues around Easter and spring break likely boosted the print. The 4-week moving average rises to 11.25K to 354.25K. S&P 500 +0.15%.

Comments (15)
  • bbro
    , contributor
    Comments (11240) | Send Message
    Seasonal factor was .816...still the NSA numbers seem to be reflecting the start of sequester claims emerging
    4 Apr 2013, 08:45 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
    I doubt it. Those whose jobs consists of studying the sex habits of snails are still on the gov't payroll. Those whose employment situation has changed as business begins to adjust to BarryCare (Juicy Couture) ...that's another story.
    4 Apr 2013, 08:59 AM Reply Like
  • bbro
    , contributor
    Comments (11240) | Send Message
    You forgot to add its Bernanke's fault...
    4 Apr 2013, 09:05 AM Reply Like
  • mickmars
    , contributor
    Comments (1312) | Send Message
    Recovery continues...
    4 Apr 2013, 09:31 AM Reply Like
  • dixie
    , contributor
    Comments (281) | Send Message
    Obama will blame sequestor, not the employer mandates of Obamacare or his refusal to take a leadership role with a balanced budget.
    Being a community organizer by trade, he is more comfortable dealing with social issues.
    4 Apr 2013, 09:36 AM Reply Like
  • GaltMachine
    , contributor
    Comments (2091) | Send Message


    Actually I think you have the seasonal factor reversed. It was 0.862 according to the DOL website:



    That would make this week's miss significantly worse than your above calculation factor would suggest. Next week's factor will be even more challenging if the current trend continues it would be a surprisingly elevated number.
    4 Apr 2013, 10:06 AM Reply Like
  • bbro
    , contributor
    Comments (11240) | Send Message
    They redid the seasonal factors I believe 2 weeks ago they change it around this time every year,,here are the new seasonal factors for the next 5 weeks...


    03/30/2013 81.6
    04/06/2013 102.4
    04/13/2013 100.9
    04/20/2013 95.4
    04/27/2013 92.1



    Click on the weekly claims data.. make sure you specify year 2013
    4 Apr 2013, 11:12 AM Reply Like
  • bbro
    , contributor
    Comments (11240) | Send Message
    Merrill's prediction this week...


    "We expect jobless claims to pick up to 370,000 for the week ending March 30. In
    the prior week, claims increased to 357,000 from 341,000, suggesting that
    sequester-related job cuts could be starting to show up in the data. Adding further
    upside pressure to our forecast is a large seasonal factor that will boost nonseasonally adjusted claims up by 22.5%. However, this adjustment is most likely
    accounting for the Good Friday holiday, which would bias the data lower. Bottom
    line: initial jobless claims for this week will most likely be very noisy."
    4 Apr 2013, 11:30 AM Reply Like
  • brachiosaurus
    , contributor
    Comments (226) | Send Message
    The person studying the sex habits of ducks could easily make more money in the private sector than as a university researcher with government-funded research. Then why does he do academic research? To make progress in basic science. Yes, this person with elite skills analyzing data, skills for which the private sector is clamoring, uses it to help further our understanding of nature.


    I'm not going to try explaining to you the value of basic science (even something as arcane sounding as animal sex), because you are a moron willing to make fun of somebody's work without even bothering to see why they study it.
    4 Apr 2013, 08:34 PM Reply Like
  • june1234
    , contributor
    Comments (4504) | Send Message
    WH did not sign sequester till March 25th; doubt it had anything to do with anything this time.But tax increases and spending cuts do add up .Media is blaming Easter bunny. Don't forget Cliff and Sandy.
    4 Apr 2013, 09:26 AM Reply Like
  • wmateri
    , contributor
    Comments (583) | Send Message
    However, the fact that the market is up on a day when unemployment is up (supposedly bad news) does suggest that the farther we stay away from 6.5% and the longer we continue the Fed pumping, the more the market will rise. Can their still be any doubt that the Fed has put a bottom under unemployment and that Wall Street heartily endorses their position?
    4 Apr 2013, 10:17 AM Reply Like
  • jaych79
    , contributor
    Comments (512) | Send Message
    The sequestration was Obama's idea anyway. Regardless of who or what he blames, it still comes back to his fault even if you ignore the fact that he is supposed to be the leader of the land.
    4 Apr 2013, 11:43 AM Reply Like
  • Unsure Now
    , contributor
    Comments (406) | Send Message
    Boy i just love the spin some put on anything!!


    Unemployment is up..PERIOD...


    Whatever the reason MORE people are out of work, hence it will have a negative effect on the economy...It won't get any better either...
    4 Apr 2013, 02:13 PM Reply Like
  • blackswans
    , contributor
    Comments (152) | Send Message
    You'll be right eventually.
    4 Apr 2013, 04:16 PM Reply Like
  • Unsure Now
    , contributor
    Comments (406) | Send Message
    Yup, and that is fine with me.If i want to gamble i go to a casino..If i want to trade??


    I will just sit this one out..If the FED can pull this off more power to them..My fiat money says they can't forever..


    Patience, patience, patience..The metals will do fine..
    4 Apr 2013, 04:22 PM Reply Like
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