Economy

Roland99

(53,342 posts)

32. Interesting quote from the Labor Dept re: this low number >>>>

Thu Oct 11, 2012, 09:25 AM

Oct 2012

http://www.zerohedge.com/news/2012-10-11/data-massaging-continues-initial-claims-tumble-339k-lowest-2008-far-below-lowest-exp

This is just getting stupid. After expectations of a rebound in initial claims from 367K last week (naturally revised higher to 369K), to 370K (with the lowest of all sellside expectations at 355K), the past week mysteriously, yet so very unsurprisingly in the aftermath of the fudged BLS unemployment number, saw claims tumble to a number that is so ridiculous not even CNBC's Steve Liesman bothered defending it, or 339K. Ironically, not even the Labor Department is defending it: it said that "one large state didn't report some quarterly figures." Great, but what was reported was a headline grabbing number that is just stunning for reelection purposes.

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Highlight:

STOCK MARKET WATCH -- Thursday, 11 October 2012 [View all] Tansy_Gold Oct 2012 OP

That's a hell of a story, that 'toon. jtuck004 Oct 2012 #1

Right-click on the toon for one way to get a link, but DemReadingDU Oct 2012 #3

I got from Tansy_Gold Oct 2012 #7

You are so right, fear begets irrational thought, it's the only way the GOP has any following other mother earth Oct 2012 #51

Seven thousand million Ghost Dog Oct 2012 #54

powerful cartoon otherone Oct 2012 #2

It's not just the elderly, unfortunately Demeter Oct 2012 #4

It is, indeed! Demeter Oct 2012 #5

ah, the performance review.. otherone Oct 2012 #58

US Futures (and Euro markets) shrug off Spanish downgrade Roland99 Oct 2012 #6

it's The Day before Friday...formerly known as Thursday xchrom Oct 2012 #8

Well, I survived to 8:30 AM Demeter Oct 2012 #14

I'm working the Rosary. Nt xchrom Oct 2012 #16

Thanks, X Demeter Oct 2012 #40

Is she not so cool w/ the change? Nt xchrom Oct 2012 #41

Following Other People's Schedules, and Rules? Demeter Oct 2012 #52

Ah! Got it. Nt xchrom Oct 2012 #53

LAGARDE: Global Jobless Rates Are 'Terrifying' xchrom Oct 2012 #9

Dear Christine, What Did You THINK Would Happen? Demeter Oct 2012 #13

i had hoped better and more realistic from her. xchrom Oct 2012 #15

" The Spanish Financial System Completely Collapses" Ghost Dog Oct 2012 #31

well, you can only starve, beat, deny opportunity to live, etc to the people but for so long... xchrom Oct 2012 #34

Only in so far as feathering their own nests Demeter Oct 2012 #39

Well, "deny opportunity to live" Ghost Dog Oct 2012 #43

Desperate For Business, Iran Heads To India xchrom Oct 2012 #10

Brian Eno's New App Redefines The Concept Of An Album xchrom Oct 2012 #11

GOLDMAN'S COHN: Only A 'Small' Chance The Euro Area Sticks Together xchrom Oct 2012 #12

The "Tytler" Insult -- Is Democracy Hopeless? Demeter Oct 2012 #17

Merkel Hides Behind The Troika Report, The Greeks Seethe, And The Drachma Advances Demeter Oct 2012 #18

EUROPE'S OUTLOOK DARKENS AS GERMAN GROWTH FADES xchrom Oct 2012 #19

SPANISH BAILOUT DILEMMA SHARPENS xchrom Oct 2012 #20

US JOBLESS CLAIMS FALL TO 339K, FEWEST IN 4 1/2 YEARS xchrom Oct 2012 #21

But is it seasonal? Roland99 Oct 2012 #24

i don't know -- i'd have to ask demeter, tansy, and the others. nt xchrom Oct 2012 #26

it is...see my edited post above Roland99 Oct 2012 #28

... xchrom Oct 2012 #29

Who, Me? Demeter Oct 2012 #35

... xchrom Oct 2012 #36

Exactly. Tansy_Gold Oct 2012 #50

After that will come the Spring EITC payments wherein we subsidize the profits jtuck004 Oct 2012 #56

Interesting quote from the Labor Dept re: this low number >>>> Roland99 Oct 2012 #32

US TRADE DEFICIT ROSE TO $44.2 BILLION IN AUGUST xchrom Oct 2012 #22

US September - Import / Export prices >>>> Roland99 Oct 2012 #23

While American Families Lost a Ton of Wealth in the Crash, Members of Congress Did Just Fine Demeter Oct 2012 #25

JPMorgan Chase CEO: 'I Should Have Caught' $5.8 Billion Error Demeter Oct 2012 #27

Oct. 10: Is Romney Leading Right Now? By NATE SILVER Demeter Oct 2012 #30

EU At Risk of Remaining a Toothless Tiger xchrom Oct 2012 #33

EU Toothless Tiger at Risk of Becoming a Floor Rug Demeter Oct 2012 #38

... xchrom Oct 2012 #44

Spineless Democrats Refuse to Change Stripes.... AnneD Oct 2012 #55

Greece’s Unemployment Reaches More Than Quarter of Workforce xchrom Oct 2012 #37

Well, the Fairies Are Loose Demeter Oct 2012 #42

see ya miss demeter! xchrom Oct 2012 #46

Manhattan Apartment Rents Near Peak With September Surge xchrom Oct 2012 #45

Bubble-Era Financing Returns as Profits Falter: Credit Markets xchrom Oct 2012 #47

Blackstone, KKR, Bain Accused of Agreeing Not to Compete xchrom Oct 2012 #48

ECB did more for Ireland than any other country, says Trichet xchrom Oct 2012 #49

Housing Recovery (in perspective) Roland99 Oct 2012 #57