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Initial Jobless Claims: -16K to 339K vs. 350K consensus, 355K prior (revised). Continuing claims...

Initial Jobless Claims: -16K to 339K vs. 350K consensus, 355K prior (revised). Continuing claims -93K to 3.00M.
Comments (30)
  • Macro Investor
    , contributor
    Comments (9032) | Send Message
     
    Extremely bearish.
    25 Apr 2013, 08:41 AM Reply Like
  • bbro
    , contributor
    Comments (9604) | Send Message
     
    No sign yet of sequester claims....
    25 Apr 2013, 08:55 AM Reply Like
  • Macro Investor
    , contributor
    Comments (9032) | Send Message
     
    Clear case of Govt manipulation.
    25 Apr 2013, 09:02 AM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Government fueled jobs recovery. Write your Congressperson and thank them.
    25 Apr 2013, 10:37 AM Reply Like
  • Macro Investor
    , contributor
    Comments (9032) | Send Message
     
    Why are we allowing the Govt to create jobs? Isn't that socialism? The govt should only impose austerity. We cannot go back to sustainable growth till unemployment is at 30-40% and all social safety nets are eliminated.
    25 Apr 2013, 10:57 AM Reply Like
  • DougRonald
    , contributor
    Comments (206) | Send Message
     
    You must love Spain right about now.... although their unemployment comes up a bit short for you - only 27%. Of course it isn't a problem for them at all, because of their "social safety nets".

     

    Depending on the government for jobs or safety nets is, in fact, socialism. It doesn't work.
    25 Apr 2013, 11:06 AM Reply Like
  • Macro Investor
    , contributor
    Comments (9032) | Send Message
     
    I agree Doug. The only reason Spain is in such dire straits is that they haven't dismantled the social safety net and still don't have a high enough unemployment. They need more austerity.
    25 Apr 2013, 11:33 AM Reply Like
  • DougRonald
    , contributor
    Comments (206) | Send Message
     
    Right on, Macro! More austerity is definitely what's needed. And as you imply, it is the outrageous cost of their social safety nets which has caused most of their problems. Unemployment is one result and will increase as long as the government eschews austerity. They are a model for our future.

     

    Just to agree, "austerity" in government-speak means spending less of the taxpayers' money on things like unnecessary social programs, regulatory restrictions on individual freedom, and making much smaller transfers of wealth from those who earned it to those who wish for it.
    25 Apr 2013, 12:08 PM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    European liberalism got them into this mess. True, austerity now is a day late and a dollar short. They shoulda done that in the "good times".

     

    Will be entertaining to watch the EU fall apart.
    25 Apr 2013, 12:10 PM Reply Like
  • SoCalNative
    , contributor
    Comments (463) | Send Message
     
    @Doug:
    "..making much smaller transfers of wealth from those who earned it to those who wish for it."

     

    Right on. I LIKE THAT!
    25 Apr 2013, 12:12 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9032) | Send Message
     
    Doug, Don't you wish we could just have nobles and serfs like the middle ages when there was true freedom and it is OK to starve the poor without Govt intervention?
    25 Apr 2013, 12:18 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3529) | Send Message
     
    Yes Marco, but all government programs and all government employees are indispensable and must be protected no matter how high private unemployment goes. Even the programs that haven't been invented yet are indispensable.
    25 Apr 2013, 04:51 PM Reply Like
  • Deney_Terrio
    , contributor
    Comments (246) | Send Message
     
    Mac,
    Da! Capitalism Bad, Socialism Good.
    Me like it when you show arrogant, capitalist pig what's-what.
    You so cleva... You my He-Wo!
    25 Apr 2013, 07:25 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9032) | Send Message
     
    Are you kidding me PT? I would fire all the flight controllers tomorrow.
    25 Apr 2013, 07:38 PM Reply Like
  • OptionManiac
    , contributor
    Comments (3325) | Send Message
     
    I'm an optimist and am a bit surprised by the drop. Curious to see if we will have the projected spring/summer slow down.
    25 Apr 2013, 09:00 AM Reply Like
  • bbro
    , contributor
    Comments (9604) | Send Message
     
    Yes I am surprised too....
    25 Apr 2013, 09:03 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    when do all the air traffic controllers sign up...
    25 Apr 2013, 09:23 AM Reply Like
  • SivBum
    , contributor
    Comments (1682) | Send Message
     
    sequestration is all about furlong, cutting back hours and 1 day every 2 weeks. They are all employed though less money to go around in the system.
    25 Apr 2013, 09:23 AM Reply Like
  • Macro Investor
    , contributor
    Comments (9032) | Send Message
     
    Why is the market rallying on this very bad news?
    25 Apr 2013, 10:33 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3529) | Send Message
     
    Bernacke's helicopter.
    25 Apr 2013, 10:50 AM Reply Like
  • Macro Investor
    , contributor
    Comments (9032) | Send Message
     
    What can we do to stop that so that we can go back to a recession?
    25 Apr 2013, 10:58 AM Reply Like
  • WMARKW
    , contributor
    Comments (10301) | Send Message
     
    You could send a well timed Tweet !
    25 Apr 2013, 06:51 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9032) | Send Message
     
    Mark, I am serious. Can we occupy the Fed and demand an immediate return to the Greater Depression?
    25 Apr 2013, 07:39 PM Reply Like
  • WMARKW
    , contributor
    Comments (10301) | Send Message
     
    Macro - nothing in your last 500 posts has been serious.
    26 Apr 2013, 12:38 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9032) | Send Message
     
    MArk, I am serious. Did you see the GDP numbers? Not good at all, we need to have a real recession here.
    26 Apr 2013, 12:52 PM Reply Like
  • WMARKW
    , contributor
    Comments (10301) | Send Message
     
    We're in a real recession here already......just not per "formal" measurement techniques. And yes, those GDP numbers are not that good.....and yes, good luck with them getting better.....but what the heck are you and I gonna do except maximize personal situations.
    26 Apr 2013, 01:13 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9032) | Send Message
     
    We can write to our representatives urging them to take out consumer spending numbers from the GDP measurement. That way, we can control Govt spending and get a formal recession as well.

     

    Any good number must be taken out of any measurements. Otherwise it is fraud. You know it, I know it, the world knows it, but the Govt just doesn't care because it is run by a Socialist.
    26 Apr 2013, 01:20 PM Reply Like
  • Cliff Hilton
    , contributor
    Comments (1560) | Send Message
     
    The market thought it would be worse. Bad numbers you buy and good numbers you sell...remember?
    25 Apr 2013, 10:53 AM Reply Like
  • Macro Investor
    , contributor
    Comments (9032) | Send Message
     
    I missed that memo. I thought we were supposed to always sell stocks and buy gold.
    25 Apr 2013, 10:59 AM Reply Like
  • 544
    , contributor
    Comments (29) | Send Message
     
    I want to know how many people from the 16k dropped out of the work force?
    25 Apr 2013, 11:32 AM Reply Like
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