Skip to comments.Initial Jobs claims 309K, Exp. 330K
Posted on 09/19/2013 5:31:44 AM PDT by Perdogg
Claims 309K, Exp. 330K. Oh no, TAPER— zerohedge (@zerohedge) September 19, 2013
This number is a result of lay-offs, furloughs, and strike, nothing else.
Wow... that’s unexpected!
BLS says claims 80-90K lower due to technical issue. All economic data is now garbage— zerohedge (@zerohedge) September 19, 2013
Gold plunges $10 because the BLS computer upgrade is still ongoing. Efficient market— zerohedge (@zerohedge) September 19, 2013
Helicopter Ben knows that this is a phony “recovery” and has just refilled the punch bowl for Wall Street’s long party. Druckhammer on CNBC this morning said that this is the greatest transfer of wealth in history, from the Middle Class to the wealthy.
Only because the Middle Class is made up of passive tax drones can the government continue to get away with gutting the taxpayer class to ensure that Wall Streeters can keep their massive party going.
So, with the taper off the table does the DJIA react to this as good news, bad news, no news, all lies?
Taper off = party on, jobless claims are an afterthought.
Initial Claims Data Worthless For 2ND Week Due To Ongoing “Computer Upgrade” Glitches
Two states did not report again... just like last week.
Not to mention the number WILL be revised upward next week. I believe the number has been revised upward for every single week of Zero’s administration.
Wait for the revised-upward update two weeks from now.