And the futures are up.

#winning!

The Circle Jerks had it right in Repo Man - we all gotta duck when the **** hits the fan.

http://www.youtube.com/watch?v=68LAbJtd4....

Rachel Maddow was on Letterman last night spewing her crap about how Obama saved millions of jobs with the auto bailout, etc.

I nearly puked and had to change the channel. What the hell does this woman smoke?

Obama's pole.

This weeks number will be revised up to. But don't worry it's just a bump in the road to recovery, and by recovery I mean depression.

Lie long enough and it becomes a truth of sorts.

QE3,4,5... Mr. Wall St / Phree Market loves a bailout.

#unexpected

Actually Gen that is not possible.

"they revised up 4,000 and then claimed there was only a 1,000 increase. Nice try guys; the actual increase was 500% of what you reported."

If the increase would have been 5k without revisions, instead of 1k with revisions, the pct increase would be 400% (ex, 2k is a 100% increase from 1k, 3k is a 200% increase from 1k, ..., 5k is a 400% increase from 1k), not 500%?

Correct me if I'm wrong - but wasn't last week a 4 day week?!?!?!?

Using their usual standard calculations and adjustments, shouldn't the numbers have been much better???

So, based on that, I presume that last week was actually MUCH WORSE than this report indicates. I would also guess that next week they will "seasonally adjust" the number up significantly for the Holiday last Monday.

And so it goes.....

Steel-

Nope. Reread what KD wrote. He posted correctly. "The real increase was 500% of what you reported." You read it as "a 500% increase."

Yeah steel, 5000 is 500% of 1000.

Not once have I seen the previous weeks number decreased in the over 2 years I have been continuously following this number. Not once. Every prior week has been revised upward and the reported number has been positive, meaning better than it actually was. Being we are looking at a statistical estimate, the apple would have to fall on the other side of the fence 50% of the time unless there was intentional misreporting. The odds of this happening every week is about the same as picking 10 winners at the local horse track. 1 week would be 50%, 2 weeks 25%, 3 weeks 12.5%, 4 weeks 6.25%, 5 weeks 3.125%...........104 weeks?

The big thing is claims are still 100,000 too high for a good economy. 100,000 times 52 is 5.2 million. 5.2 million more people a year than normal have to find another job to make the game go sideways or up, that is add jobs at a normal pace that brings the unemployment rate down.

We did get a month or so where the number was under 400,000. Seems we wandered in the 380K range for awhile, but then again, the real number was always a few thousand higher than the reported number. I suspect there were businesses buying into the signals that Wall Street sent that we had a recovery coming and they held onto their workers longer than they would have. Then we saw the week where the number went to something over 450,000, most likely the week after Easter. This was the throwing in the towel.

I know a guy who works at Home Depot. He tells me they are firing employees for next to nothing, that they are pushing the sales per employee number to the max. You get a bitchy customer, you have a good chance of being fired, even if the guy is trying to scam the store. In a lot of cases, he says the inventory is being mismanaged, where they are out of goods. The noose is getting tight.

I get it, the increase word threw me off in that context.

Seems strange to say that if 1000 was reported correctly with no increase amount, one could accruately say that the 'increase' was 100% of what was reported, lol.

And in the meantime, here in Los Angeles county, we are seeing local business after local business fail.

What *on earth* makes a furniture store think it will succeed when the the three that preceded it went belly up?

But it's organic furniture...

This can't be true. Most of us will now need to work until we are 80+ years old before we retire, unemployment must DECREASE in order to accept the ever growing work force!!!!

Or, we're screwed..........