Replies to post #50502 on Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

The employment report is the government answer to "pro-forma" earnings.

Agreed

Continuing claims are at high end as the numbers collecting for 4 months or longer.

I was tracking resumes on file who were looking for work on NJ labor web site up until Aug when suddenly 700K workers resumes dropped off system after almost 2K resumes were being added day in day out for 6 months prior history.
UI numbers showed similar delcines in unemployment rate at same time as resumes were purged.

What is the sense of trusting government numbers when all they are trying to do is drop anyone that hasn't found work at the end of UI benfits so total numbers of unemployed look low.

[Smart_Money]

Only 12 pages in employment section for a population of 4 million. Been like that for months now. The best damn clue yet we are not in recovery stage.