Jobless claims of 331k shows labor market improvement?, Market Watch claims, Challenger Gray & Christmas January job cuts surge, ADP Jan job creation plunges, Labor force plummets

Jobless claims of 331k shows labor market improvement?, Market Watch claims, Challenger Gray & Christmas January job cuts surge, ADP Jan job creation plunges, Labor force plummets

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

 

Is the primary function of Market Watch to keep people throwing money into the financial markets, prop up Obama or both?

From Market Watch February 6, 2014.

“Jobless claims show labor-market improvement”

“The number of people who applied to receive unemployment benefits in the last week of January fell by 20,000, reversing the increase from the week before and signaling that the U.S. labor market continues to gradually improve.

Initial jobless claims fell to a seasonally adjusted 331,000 in the seven-days ended Feb. 1 from a revised 351,000 in the prior week, the Labor Department said Thursday. Claims from two weeks ago were 3,000 higher than previously reported.

Economists polled by MarketWatch had expected claims to total 337,000.”

Read more:

http://www.marketwatch.com/story/jobless-claims-drop-20000-to-331000-2014-02-06?link=MW_home_latest_news

From the US Labor Dept. February 6, 2014.

“In the week ending February 1, the advance figure for seasonally adjusted initial claims was 331,000, a decrease of 20,000 from the previous week’s revised figure of 351,000. The 4-week moving average was 334,000, an increase of 250 from the previous week’s revised average of 333,750.

The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending January 25, unchanged from the prior week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending January 25 was 2,964,000, an increase of 15,000 from the preceding week’s revised level of 2,949,000. The 4-week moving average was 2,985,500, an increase of 25,750 from the preceding week’s revised average of 2,959,750.”

Read more:

http://www.dol.gov/opa/media/press/eta/ui/current.htm

From Challenger, Gray & Christmas, Inc. February 6, 2014.

“FOR RELEASE AT 7:30 A.M. ET, FEBRUARY 6, 2014

Job Cuts Surge 47% to Kick Off 2014

EMPLOYERS PLAN 45,107 JOB CUTS; RETAILERS LEAD PACK AS HOLIDAY SALES DISAPPOINT

CHICAGO, February 6, 2014 – After falling to a 13-year low in December, monthly job cuts surged nearly 50 percent to kick off 2014, as U.S.-based employers announced plans to reduce their payrolls by 45,107 in January, according to the latest report on monthly job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The 45,107 job cuts last month were 47 percent higher than a December total of 30,623, which was the lowest one-month total since 17,241 planned layoffs were announced in June 2000. January job cuts were up 12 percent from the same month a year ago, when 40,430 job cuts were recorded.

The heaviest downsizing activity occurred in retail, where poor earnings led to a wave of job cut announcements from several national chains, including Macy’s, Sam’s Club, JC Penney, Sears, Best Buy and Target. Overall, retailers announced 11,394 job cuts in January; a 71 percent increase from the 6,676 retail cuts tracked in January 2013. Last month’s retail cuts were the heaviest for the sector since last March, when 16,445 planned layoffs were announced.
“Holiday sales gains were relatively weak and many retailers achieved the gains by slashing prices on their products, which adversely impacted their year-end earnings. The post-holiday job-letting in the sector was inevitable,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas.
“Retail employment will, in fact, fall further than the announced job cuts indicate. Starting in January, retailers started shedding the tens of thousands of temporary seasonal workers hired to help handle the holiday rush. The announced job cuts, on the other hand, will impact full-time, permanent workers in the stores and at the corporate offices of these struggling chains,” he added.”

Read more:

http://www.challengergray.com/press/press-releases

From Zero Hedge February 5 2014.

“ADP Plunges In January To 175K; Biggest Miss Since August; December Revised Lower: “Cold, Storms” Blamed”

“Earlier today, we predicted with absolute accuracy what today’s joke of an ADP print would be:

And sure enough, the January ADP print missed as we expected, printing at 175K vs the expected 185K, while the December 238K was revised lower to 227K, confirming that ADP is nothing but an NDP trend follower and an absolutely worthless and meaningless data point that does nothing to add relevant data to the economic picture.

For those who care, this was the biggest miss since August and the largest monthly drop since August 2012, and the weakest print since August as well.”

Read more:

http://www.zerohedge.com/news/2014-02-05/adp-plunges-january-175k-biggest-miss-august-december-revised-lower

The labor force participation has plummeted since Obama took office.

 

 

 

 

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17 responses to “Jobless claims of 331k shows labor market improvement?, Market Watch claims, Challenger Gray & Christmas January job cuts surge, ADP Jan job creation plunges, Labor force plummets

  1. Another Market Watch Orwellian spin:

    “Stock market live blog: Stocks try to find their footing as jobless claims beat”

    http://blogs.marketwatch.com/thetell/2014/02/06/stock-market-live-blog-stocks-try-to-find-their-footing-as-jobless-claims-beat/?mod=MW_home_latest_news

  2. “If you tell a lie big enough and keep repeating it, people will eventually come to believe it”…Joseph Goebbels

  3. CW……Re 10:18 AM
    …….that is everybody except intelligent people who use their gourds,and know UP from DOWN. But it is clear that such people in America are declining at a rapid rate.

  4. JOKE OF THE DAY….

    Subject: Dad’s Will

    A man was telling his buddy “You won’t believe what happened last night.

    My daughter walked into the living room and said, “Dad, cancel my allowance immediately, forget my college tuition loan, rent my room out, throw all my clothes out the window, take my TV and my laptop. Please take any of my jewelry to the Salvation Army or Cash Converters. Then, sell my car, take my front door key away from me and throw me out of the house. Then, disown me and never talk to me again. Don’t forget to write me out of your will and leave my share to any charity you choose. “”Holy Sh*t,” replied the friend, “she actually said that?”

    “Well, she didn’t put it quite like that.

    She actually said, ‘Dad, meet my new boyfriend– Mohammed. We’re going to work together on Hillary’s election campaign!'”

  5. CW….
    Here is a classic example of the intelligence level of at least ONE American youth…..To save gasoline I recently contacted a Supermarket for the purpose of determining if they carried a variety of oranges that I use in making my marmalade. When the produce MANAGER answered the phone I asked him if he carried Seville oranges…….there was a lengthy hesitation and then he asked……”oranges?”. Such a response tells me that he probably doesn’t even know what an Orange is, let alone have any idea about varieties

  6. …….the Seville Orange is used almost expressly in making English marmalade. I quite often consume a toasted muffin spread with my marmalade for my breakfast. Most Americans do not like the seemingly bitter English marmalade. It is traditionally made from Seville oranges.

  7. cabbyaz & bob strauss — (from previous thread) It seems to me that, yes, there must rogue elements in CIA (and NSA, etc) but how can there be such a seamless front to all this, with so few breaking ranks? Yes there is Snowden, and that he is still alive bespeaks some kind of Divine protection, but why aren’t there a lot more? I think it must relate to a hugh, pervasive sense of denial under the headings of “national security” and “oil dependence” and just plain corruption by so many that blackmail and threatsc win the day.

  8. RMINNC…..
    Such an announcement would probably do it for me also…….I just got rid of an unwelcome female who couldn’t control her own life so decided to ruin the rest of her mother’s life and mine by moving in UN ANNOUNCED. Then she thought she was going to turn our house into a WHOREHOUSE. I temporarily moved out,and after only a couple of months was short a couple of thousand dollars. I finally moved back in and decided to make the life of this little bitch as miserable as I could possibly make it. It took about a year and now she is operating her own whorehouse in her own rented facility.

  9. Just had a problem trying to access a headline at DRUDGE: “Obama administration trying to change immigration law to allow in those with ‘limited’ contact with terrorism,” or words to that effect. It looks like it comes from the DAILY CALLER, but I keep getting blocked with an “Error Report” response.

  10. Dean M……….
    Allegedly Snowden broke the law! If that is how you look upon what he done. Yet I personally do not condemn him for telling the American people what was,and still is going on. I guess what I am saying is that I feel as though he done America a very important service…..and had the golf balls to ram it squarely in the face of Soetoro,and his BASTARD goons. Three cheers for Snowden.

  11. BTW,,,,,,we now have another American military leader joining with Vallayle, and General Keane. This is Admiral Lyons. If Soetoro keeps firing them it is possible that he will ultimately cause such a breakdown in the military leadership that the services will be largely ineffective at even everyday life let alone fight an enemy. We now need only a General from the Marine Corps, and there will be a top leader from every branch of the US military,on board. Firing experienced people is done by NINCOMPOOPS. The ones you want to weed out are NOT your field commanders. They are your best qualified to defend our country. You take out the LEADBOTTOMS who are more concerned about their career than defending America. There are a number of them at the Pentagon.

  12. RMINNC
    “Subject: Dad’s Will”

    Still ROFLOL
    I almost aspirated my lunch when I read that. That would be assault with a potentially dangerous joke. Perhaps you have to have 3 daughter of dating age and meet the village idiot to understand.

    Pete

  13. “Dean It seems to me that, yes, there must rogue elements in CIA (and NSA, etc) but how can there be such a seamless front to all this, with so few breaking ranks?”

    International Drug Trade, lots of money and ability to make people disappear. BTW, why are we still in Afganistan and why is heroin so cheap?

    Pete

  14. Whistleblower

    CW

    All part of the show.

    Credibility questioned of key witness against Blagojevich

    http://www.suntimes.com/news/metro/25421677-418/crediblity-questioned-of-key-witness-against-blagojevich.html

  15. Good Afternoon CW, Oldsailor, et al,

    At lunch, just a quick hello to all my CW friends. Thinking about you.

  16. “AOL says Obamacare is forcing it to cut back on 401(k) plan benefits”

    “AOL Chairman and Chief Executive Tim Armstrong told CNBC Thursday that Obamacare is creating $7.1 million in additional expenses, forcing the company to find ways to trim costs elsewhere.”

    http://blogs.marketwatch.com/health-exchange/2014/02/06/aol-says-obamacare-is-forcing-it-to-cut-back-on-401k-plan-benefits/?mod=MW_home_latest_news

  17. “Dow rallies triple digits on upbeat jobs data, Disney”

    http://www.marketwatch.com

    Drug testing will commence.

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