Posted on 05/31/2012 5:35:26 AM PDT by sunmars
Developing.
Analysts expect to see 370K weekly claims. That would exactly be in line with last week's 370K.
The number is one of the best high-frequency predictors of the economy and the market, so this is big. If this stays tame, it will do a lot to assure that things aren't deteriorating too badly.
UPDATE: The number is 383K, a miss from an upwardly revised.
(Excerpt) Read more at businessinsider.com ...
also.
1Q GDP revised down to 1.9%, revised down from 2.2%.
Unexpected!!!
US Q1 corporate profits decline largest since Q4 2008 (-26.5 PCT) according to Reuters.
Killer Statistic.
... and THAT is “unexpected!”
This makes no sense. No matter how much the Democrats punish businesses for failing to do their share, employers refuse to step up and create the jobs that Obama voters demand. Perhaps a liberal think tank should look into why that happens.
Full credit to bluecat6:
March 15: Reported - 351,000, Revised - 353,000
March 22: Reported - 348,000, Revised - 364,000 Reported - down, Actual - up
March 29: Reported - 359,000, Revised - 363,000 Reported - down, Actual - up
April 05: Reported - 357,000, Revised - 367,000 Reported - down, Actual - up
April 12: Reported - 380,000, Revised - 388,000 Reported - up, Actual - up
April 19: Reported - 386,000, Revised - 389,000 Reported - down, Actual - up
April 26: Reported - 388,000, Revised - 392,000 Reported - down, Actual - up
May 03: Reported - 365,000, Revised - 368,000 Reported - down, Actual - down
May 10: Reported - 367,000, Revised - 370,000 Reported - down, Actual - up
May 17: Reported - 370,000, Revised - 372,000 Reported - no change, Actual - up
May 24: Reported - 370,000, Revised - 373,000 Reported - down, Actual - up
May 31: Reported - 383,000, Revised - TBD
“The spike in claims was unexpected.”
http://www.marketwatch.com/story/us-weekly-jobless-claims-jump-to-383000-2012-05-31?dist=beforebell
-—, a sign that progress in reducing joblessness may be stalling-—
It’s hard to read the sign if it’s stapled to your forehead.
Job cuts jumped by 53% in May vs. April — most since Sept. and 67% more than in May 2011
http://www.cnbc.com/id/47626277
Unexpectedly unexpected!
They used to miss it by a 1,000 or 2,000 and revise upward.
Now, they are missing by 10,000 or more and revising upward.
==
How can this be? Obama created more jobs in 3.5 years than Bush did in 8 years. Surely, those experts are misreading the numbers. [/s]
If the GOP cannot capitalize on those figures for the election, they deserve to lose.
I’m sorry, did they “jump” or were they “expected to jump”, at the time the story was posted?
I bet the liberal mainstream media (CBS, CNN , NY times ,etc) doesn’t report this ( maybe on page 30 of the paper).
You beat me to my Thursday morning ritual!
I am just glad people are seeing the correct big picture and love the fact you posted this already.
I am not glad about the situation for any of us!
This is bad news for all Americans - regardless of race, regardless of background. The lowering tide is lowering all boats and the worst is obviously yet to come.
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