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After One Month Respite, Pink Slips Are Flying Again

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Huey P. Long Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-29-11 09:15 AM
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After One Month Respite, Pink Slips Are Flying Again
After One Month Respite, Pink Slips Are Flying Again
Submitted by Tyler Durden on 12/29/2011



Following 4 weeks of supposed improvements in the labor picture courtesy of declining initial jobless claims, even as we all know too well that Wall Street has been firing thousands and thousands of highly paid bankers and CNBC talking heads left and right (are bankers too good for that $400/week paycheck from Uncle Sam?) today initial claims for the week ended December 24 once again resumed their drift higher, printing at 381k, up 15k from the perpetually upward revised prior week total of 366K (previously 364K). And as usual, the Seasonal Adjustment process smoothed out a whooping jump in actual terminations of 69k, which rose from 421K to 490K. Continuing claims also rose by 34K, from 3567K (upwardly revised, duh) to 3601K. Finally, those on EUCs and Extended Benefits once again saw a net drop off from the 99 week cliff as more and more people fall out out of the workforce in perpetuity following 2 years of being unable to find a job.

http://www.zerohedge.com/news/after-one-month-respite-p...
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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-30-11 07:27 PM
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1. Yep...the Pink Slips fly...and mouthpieces in MSM keep saying..."Recession Over/Housing Up and
People are SPENDING!

Thanks for the charts and this post.
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