Submitted by Tyler Durden on 01/18/2012 10:26 -0500
Bank of America
Bank of America
BLS
Bureau of Labor Statistics
Federal Reserve
Federal Reserve Bank
Initial Jobless Claims
Recession
Unemployment
Tomorrow the BLS will announce that last week's initial claims number was revised to over 400K, the first time this important level has been breached, this time in an adverse fashion, in the past 2 months. But why is 400K important, and why do economists and pundits put impact on this particular number? Here is Bank of America with the explanation in the form of a historical matrix, correlating the historical relationship between these time series, highlighting the notable patterns observed in the past several decade, and what it all means for the big picture.
Here is Bank of America "Chart of the day"
A frayed relationship: Since January 1990 there has been a tight relationship – as claims decline, payrolls increase – between jobless claims and private payroll growth. However, the nearby chart, shows that this relationship has shifted recently.
MORE,,,,,,,,,,,,,,,,,,
http://www.zerohedge.com/news/jobless-claims-vs-jobs-charting-relationship
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Dr. Gonzo
Dr. Gonzo's picture
If the 1% can get enough of the 99% unemployed, underemployed, and or all in low paying dead end job's than maybe we can avoid a hyperinflation. Not only are there way to many dollars floating around in the open, their are even more lurking in the shadows, plus way more locked up in prison waiting to be released and worse yet so many unborn dollars who are right now just a twinkling in Ben Bernake's eye. As long as these dollars aren't allowed to chase goods and are all kept sterilized by the 1% the illusion of the whole thing working might be able to go on a couple more years. They have to keep the boot heel on the 99% for this to work though. No prosperity allowed. Obama's campaign slogan should be: "A jobless recovery. We did it!" or "Be glad you all aren't in prison yet." Mitt's could be. " The 1% are the job creators...because we also create the money you dumb sheep. now get back to your 3 minium wage jobs and pay your taxes because it's not your money."
Cognitive Dissonance
Cognitive Dissonance's picture
As obvious as this may sound (and sometimes the obvious needs to be publically spoken) manipulated and distorted 'economic' numbers will only produce what they are intended to produce. That being more and more manipulated and distorted 'economic' numbers.
Or as they said in the old days of punch card computer programming......."Garbage in, garbage out".
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Wed, 01/18/2012 - 10:38 | 2074307 Bay of Pigs
Bay of Pigs's picture
You mean like the daily poundings we have taken on the COMEX for the last several months? Like clockwork.
All documented quite nicely for the Kid Dynamites and Brian OFlanagans of this world.
adr
adr's picture
Wow finding a correlation in fake data to support fake data!!! How does a 400k print support job creation when the real loss was over 650k per week and IRS payroll records only show an increase of 26k jobs? All I read was a bunch of nonsense trying to raise the threshold once again to a point where the MSM can claim massive job growth. Remember when claims above 250k were bad, then 325k, then 375k. Now aything under 400k means massive job growth.
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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