Did weekly jobless claims rise “unexpectedly”?

posted at 1:51 pm on January 31, 2013 by Ed Morrissey

Rise? YesUnexpectedly? Well … that depends on whether one relied on weekly jobless claims data for the first two weeks of the month.  The past two reports showed a significant and unexpected drop in the Department of Labor’s measure, but today’s report returns the data series to its 18-month range:

In the week ending January 26, the advance figure for seasonally adjusted initial claims was 368,000, an increase of 38,000 from the previous week’s unrevised figure of 330,000. The 4-week moving average was 352,000, an increase of 250 from the previous week’s unrevised average of 351,750.

The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week ending January 19, unchanged from the prior week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending January 19 was 3,197,000, an increase of 22,000 from the preceding week’s revised level of 3,175,000. The 4-week moving average was 3,192,250, a decrease of 9,750 from the preceding week’s revised average of 3,202,000.

There were a lot of raised eyebrows over the previous two reports and their “unexpected” drop into the 330K range.  Unadjusted figures rose one of the two weeks, for instance, and the adjustments seemed rather sharp.  Interestingly, unadjusted claims dropped in this report even while the adjusted number jumped by 38,000.  However, the unadjusted figure for all claims (not new ones) in all programs rose in this report by 255,501.

The Associated Press reported on the sharp rise:

The number of Americans seeking unemployment aid rose sharply last week but remained at a level consistent with moderate hiring.

Weekly applications for unemployment benefits leapt 38,000 to a seasonally adjusted 368,000, the Labor Department said Thursday. The increase comes after applications plummeted in the previous two weeks to five-year lows.

The volatility reflects the government’s difficulty adjusting the data to account for layoffs after the holiday shopping season. Job cuts typically spike in the second week in January as retailers dismiss temporary employees hired for the winter holidays. Layoffs then fall in the second half of the month.

The department attempts to adjust for such fluctuations, but the January figures can still be volatile. The four-week average, a less volatile measure, ticked up to 352,000, just above a four-year low.

“Volatility” is probably the best explanation.  This isn’t a data series that has low volatility on a week-by-week basis, which is why people rely more on the four-week rolling average.  It’s also a bit difficult to use the weekly data as a correlation to overall hiring, although it is useful for softer analysis of job-market conditions.

Other economic data released today looked more positive, albeit related to December:

Personal income increased $352.4 billion, or 2.6 percent, and disposable personal income (DPI) increased $331.3 billion, or 2.7 percent, in December, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $22.6 billion, or 0.2 percent. In November, personal income increased $135.8 billion, or 1.0 percent, DPI increased $125.5 billion, or 1.0 percent, and PCE increased $41.6 billion, or 0.4 percent, based on revised estimates.

More directly related to tomorrow’s jobs report, Gallup anticipates a drop in the workforce but no drop in the jobless rate:

The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, was 43.7 % for the month of January, a decline from 44.4% in December.

Gallup’s P2P metric is an estimate of the percentage of the U.S. adult population aged 18 and older who are employed full time by an employer for at least 30 hours per week. P2P is not seasonally adjusted.

These results are based on Gallup Daily tracking interviews, conducted by landline and cellphone Jan. 2-29, with more than 27,000 Americans. Gallup does not count adults who are self-employed, working part time, unemployed, or out of the workforce as payroll-employed in the P2P metric.

Because of seasonal fluctuations, year-over-year comparisons are helpful in determining how much of the monthly changes are because of seasonal hiring patterns and how much are the result of growth in permanent full-time positions. January’s P2P measure was nearly identical to the 43.6 measured in January 2012. This year-over-year comparison is an indication that the employment situation has changed little in the past year.

Let’s look at the expectations for tomorrow’s report, from the AP again:

On Friday, the government is scheduled to issue its January jobs report. Analysts forecast that it will show employers added 155,000 jobs, the same as in December. The unemployment rate is expected to remain at 7.8 percent for the third straight month.

That’s consistent with the number of people seeking unemployment aid. Applications fluctuated between 360,000 and 390,000 for most of last year. At the same time, employers added an average of 153,000 jobs a month.

I’d guess 135K and 7.8%, with perhaps a tenth-point loss in the civilian population participation rate, bringing us back down to the 31-year low 63.5% we had in August.  What do readers believe the jobs number will be? Take the poll:


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My lib friends are quite incredibly blaming the House GOP for the crummy economic news!

KoolAid drinkers.

itsnotaboutme on January 31, 2013 at 1:55 PM

“unexpected” is in the eye of the beholder.

listens2glenn on January 31, 2013 at 1:56 PM

My lib friends are quite incredibly blaming the House GOP for the crummy economic news!

KoolAid drinkers.

itsnotaboutme on January 31, 2013 at 1:55 PM

How so? The House GOP just rubberstamped Obama’s fiscal cliff deal and extended the debt ceiling for 4 months.

Doughboy on January 31, 2013 at 1:57 PM

MINIMUM: 4 more years of the economy stumbling along trying to cope with the GOD/KING in the White House and an impotent republican opposition.

…..and this is without factoring the upcoming chaos with Healthcare over the next couple of years.

He’s the GREATEST WORST President evah (worse than Buchannan).

PappyD61 on January 31, 2013 at 1:58 PM

Where’s Fallon? What was the name of the woman in the photo again?

I think it was Fiona…

22044 on January 31, 2013 at 1:59 PM

If Fiona put some makeup on, I might reconsider.

sentinelrules on January 31, 2013 at 2:00 PM

That young lady with the cell wasn’t employed very long.

DaveDief on January 31, 2013 at 2:01 PM

My lib friends are quite incredibly blaming the House GOP for the crummy economic news!

KoolAid drinkers.

itsnotaboutme on January 31, 2013 at 1:55 PM

How so? The House GOP just rubberstamped Obama’s fiscal cliff deal and extended the debt ceiling for 4 months.

Doughboy on January 31, 2013 at 1:57 PM

So it IS their fault then.

“Why don’t they stop us? Don’t they know our plans will ruin us all?”

Lily on January 31, 2013 at 2:02 PM

Someone should let Fiona know they’re talking about lettting women into combat. She looks kinda tough.

apostic on January 31, 2013 at 2:04 PM

Did weekly jobless claims rise “unexpectedly”?

Lol Ed, the election is over. You and your anti middle class conservative audience lost.

HotAirLib on January 31, 2013 at 2:05 PM

Only unexpectedness in this is for those low IQers that vote democrat party. Everyone else sees bad economic times under the grand socialist just like every other socialist.

The only way to bring equality and fairness is to drag everyone down to the lowest common denominator and that is what the 0bama regime is doing. It is going to be glorious future komrades, GLORIOUS!!!!!

jukin3 on January 31, 2013 at 2:06 PM

If only we could bottle “unexpectedly”…

Imagine the jobs!

Resist We Much on January 31, 2013 at 2:07 PM

Unexpected,expected by anyone with a brain that expected to see the word unexpected in these jobs reports.I know I expected to see unexpected.The WH and MSM should get a patent on the word unexpected since they use it for everything that goes bad.

docflash on January 31, 2013 at 2:08 PM

So it IS their fault then.

“Why don’t they stop us? Don’t they know our plans will ruin us all?”

Lily on January 31, 2013 at 2:02 PM

Well if you mean that they’re supporting Obama’s destructive policies, then yes. But that’s not what the left are blaming the GOP for. They’re claiming Republicans slashed spending and that’s why GDP went negative.

Doughboy on January 31, 2013 at 2:08 PM

As the new saying goes…”What difference does it make.”

MontanaMmmm on January 31, 2013 at 2:09 PM

Lol Ed, the election is over. You and your anti middle class conservative audience lost.

HotAirLib on January 31, 2013 at 2:05 PM

Unemployment and permanent recession are HILARIOUS!

Keep voting democrat!

tom daschle concerned on January 31, 2013 at 2:09 PM

The Obama Icon with a 7.8% inside.

Electrongod on January 31, 2013 at 2:10 PM

Ted Cruz bringing it to Hagel at the hearing….sorry O/T

CoffeeLover on January 31, 2013 at 2:10 PM

Are we ignoring HAL today? :)

22044 on January 31, 2013 at 2:11 PM

If only we could bottle “unexpectedly”…

Imagine the jobs!

Resist We Much on January 31, 2013 at 2:07 PM

No more the 16 oz.

Electrongod on January 31, 2013 at 2:11 PM

HotAirLib on January 31, 2013 at 2:05 PM

Why don’t you just book flight and find an airsickness bag to spew into.

MontanaMmmm on January 31, 2013 at 2:12 PM

If only we could bottle “unexpectedly”…

Imagine the jobs!

Resist We Much on January 31, 2013 at 2:07 PM

lol RWM!

CoffeeLover on January 31, 2013 at 2:13 PM

22044 on January 31, 2013 at 2:11 PM

Sorry:(, I won’t do it again.

MontanaMmmm on January 31, 2013 at 2:13 PM

adjustments seemed rather sharp.

LOL!!! doyathink? But I can’t blame Solis now. Who do they have cookin’ the books these days?

BTW the GDP has been negative for a while when one calculates it honestly and doesn’t fudge the deflators. But I keep telling you folks this.

dogsoldier on January 31, 2013 at 2:14 PM

Doughboy on January 31, 2013 at 2:08 PM

You are correct, I mis-typed.

The liberals I know blame the GOP for breathing. People as evil as the GOP should not be allowed to exchange oxygen for carbon dioxide.

I blame the GOP for letting the liberals have their way with and destroying the economy.

Lily on January 31, 2013 at 2:14 PM

Next month, ‘unexpectedly’ will unexpectedly be replaced by ‘surprised.’

locomotivebreath1901 on January 31, 2013 at 2:15 PM

Are we ignoring HAL today? :)

22044 on January 31, 2013 at 2:11 PM

I propose a permanent TROLLCOT!

dogsoldier on January 31, 2013 at 2:15 PM

Sorry:(, I won’t do it again.

MontanaMmmm on January 31, 2013 at 2:13 PM

LOL, please carry on if you want. :) I was just observing. He ain’t too bright…

22044 on January 31, 2013 at 2:15 PM

My lib friends are quite incredibly blaming the House GOP for the crummy economic news!

KoolAid drinkers.

itsnotaboutme on January 31, 2013 at 1:55 PM

How so? The House GOP just rubberstamped Obama’s fiscal cliff deal and extended the debt ceiling for 4 months.

Doughboy on January 31, 2013 at 1:57 PM

Excuse me, but the recent debt ceiling vote has nothing to do with the recent job numbers & GDP report.

itsnotaboutme on January 31, 2013 at 2:17 PM

Tomorrow’s net job growth number will be …

“BS” isn’t a choice?

forest on January 31, 2013 at 2:17 PM

Lol Ed, the election is over. You and your anti middle class conservative audience lost.

HotAirLib on January 31, 2013 at 2:05 PM

This isn’t a sporting event, idiot. It’s not about bragging rights until the next season(election). Obama’s President for 4 more years. Fine. But he needs to deal with the most pressing issue which every poll and survey says is the economy. It’s not taken off the table until 2016 just because the GOP lost the 2012 election.

Doughboy on January 31, 2013 at 2:18 PM

Lol Ed, the election is over. You and your anti middle class conservative audience lost.

HotAirLib on January 31, 2013 at 2:05 PM

Hey, genius! Guess who else lost?

Obamacare Supporter Gets Mugged By Reality…Pure Schadenfreude Ensues

LOL!

AND, if that isn’t schadenfredue-y enough for the “anti middle class conservative audience” at HA, yesterday, Allidunce at TH was whining that her boss cut her hours to part-time “only to punish me for supporting healthcare reform” and people have “to stop keeping me posting on the internet because I have to go ‘pound the pavement’ to look for a new job,” which she has been doing for the last month to no avail because “all of the other employers are greedy b@stards, who are only profit-driven and will not offer me anything more than part-time because of Obamacare. How DARE they?!?!?”

Mission accomplished, HAL.

Sing DAISY for us.

Resist We Much on January 31, 2013 at 2:20 PM

My lib friends are quite incredibly blaming the House GOP for the crummy economic news!

KoolAid drinkers.

itsnotaboutme on January 31, 2013 at 1:55 PM

Then we can blame the Democratic controlled house for the 2008 recession.

:)

Electrongod on January 31, 2013 at 2:22 PM

It will be whatever keeps the unemployment number from rising.

At this point, I don’t really think its outside the realm of possibility that the unemployment rate stays at 7.8% for the next four years.

I’m saying that only partially facetiously…

catmman on January 31, 2013 at 2:23 PM

Personal income increased $352.4 billion, or 2.6 percent, and disposable personal income (DPI) increased $331.3 billion, or 2.7 percent, in December, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $22.6 billion, or 0.2 percent. In November, personal income increased $135.8 billion, or 1.0 percent, DPI increased $125.5 billion, or 1.0 percent, and PCE increased $41.6 billion, or 0.4 percent, based on revised estimates.

.
Ed, you should know better than to trust anything that comes out of the SCOAMF administration. From our friend at Zero Hedge:

… just how did the US consumer see their personal income soar as much as it did? Two things: on one hand the government’s generosity, as it was “boosted by lump-sum social security benefit payments.” But more importantly it was “boosted by accelerated and special dividend payments to persons and by accelerated bonus payments and other irregular pay in private wages and salaries in anticipation of changes in individual income tax rates.”

In other words, it was all a forward pull in comp in December to avoid the tax hikes from the January 1 Fiscal Cliff.

Sure enough, of the $352 billion increase in personal income, some $268 billion, or 76% was due to Personal Dividend Income which exploded by some 34.3% to $1.05 trillion as companies dividended income like crazy to avoid what they expected would be a huge increase in the dividend income tax.

In other words, look for personal income to plunge in January as all the forward pull effect from the Fiscal Cliff evaporates.

And what is worse, unless personal spending surges to catch up with the early income, Q1 GDP will be ugly to quite ugly.

.
Or in simpler terms, EXPECT a lot more UNEXPECTED bad economic news.

PolAgnostic on January 31, 2013 at 2:26 PM

This isn’t a sporting event, idiot. It’s not about bragging rights until the next season(election). Obama’s President for 4 more years. Fine. But he needs to deal with the most pressing issue which every poll and survey says is the economy. It’s not taken off the table until 2016 just because the GOP lost the 2012 election.

Doughboy on January 31, 2013 at 2:18 PM

It is a sporting event for these morons. HALib is saying what we all know liberals are thinking now that they’ve won the election: Who cares about the economy now that they’ve won? HALib would be loling and giggling if the economy had contracted by 5% or 10% – it doesn’t matter and isn’t real to him.

Doomberg on January 31, 2013 at 2:28 PM

Fiona!!! She’s using an Obama phone!!

Dingbat63 on January 31, 2013 at 2:30 PM

Sing DAISY for us.

Resist We Much on January 31, 2013 at 2:20 PM

For those who need the reference.

22044 on January 31, 2013 at 2:31 PM

It is a sporting event for these morons. HALib is saying what we all know liberals are thinking now that they’ve won the election: Who cares about the economy now that they’ve won? HALib would be loling and giggling if the economy had contracted by 5% or 10% – it doesn’t matter and isn’t real to him.

Doomberg on January 31, 2013 at 2:28 PM

Yep, I’ve seen this kind of foolishness elsewhere in the blogosphere, for sure.

22044 on January 31, 2013 at 2:32 PM

38,000/368,000 = 10%

Maybe Ferguson’s decimal key is just jammed by pepperoni again. I’ll go check.

Axe on January 31, 2013 at 2:35 PM

Lol Ed, the election is over. You and your anti middle class conservative audience lost.

HotAirLib on January 31, 2013 at 2:05 PM

.
Unemployment and permanent recession are HILARIOUS!

Keep voting democrat!

tom daschle concerned on January 31, 2013 at 2:09 PM

.
I know I’m getting a big KICK out of it. Ha … Ha … Ha . . . . . . . .

What do you got for an encore, ”Lib ?

listens2glenn on January 31, 2013 at 2:38 PM

It is a sporting event for these morons. HALib is saying what we all know liberals are thinking now that they’ve won the election: Who cares about the economy now that they’ve won? HALib would be loling and giggling if the economy had contracted by 5% or 10% – it doesn’t matter and isn’t real to him.

Doomberg on January 31, 2013 at 2:28 PM

I realize that. I’m simply trying to wake these people the F up. If Obama continues to preside over a lousy economy, it’s not as if his supporters are somehow exempted from the negative effects just because they voted Democrat. Not unless they’re very wealthy and write 5-figure checks on a regular basis to the party.

Doughboy on January 31, 2013 at 2:38 PM

My lib friends are quite incredibly blaming the House GOP for the crummy economic news!

KoolAid drinkers.

itsnotaboutme on January 31, 2013 at 1:55 PM

Well of course they are. Didn’t you see that Jay Carney said the very same thing yesterday? They’ve all downloaded the talking points by this point. Nothing new. But let’s talk about the unsavory “friends” you’ve decided to hang out with. ;0

Seriously, and I predicted this just after the election, the economy is only going to get worse. The libs have decided to try and scapegoat the House GOP for every societal ill since Adam and Eve were kicked out of the Garden of Eden but the reality is that this line of attack is already stale.

The House GOP, IMO, made a good strategic choice in kicking the debt ceiling debate until May. Between now and then we have the following:

March 1st. Sequestration kicks in and the DoD gets 50% of billions in cuts that will cause all sorts of discussion. The other 50% comes from domestic agencies. Do you realize that if sequestration occurs for just six months it will take the Navy 8 months to deploy should we need them to do so to Iran or somewhere? This primes the pump for discussion about cutting the entitlement programs that the Dems need to apppease the parasites the keep putting them in office.

March 27th. The end of government spending authorization. This could shut down the government. I think the House GOP should let it happen if between now and then the administration and Congressional Dems refuse to negotiate or do so in bad faith.

April 15th. The Senate has to have the budget passed, which they haven’t done in four years. Again, I think the GOP should stand strong and refuse to pass yet another continuing resolution if entitlement cuts are not a key aspect of the budget that ultimately gets out of committee and to the rat-eared wonder’s desk for signature. Dare the bastard to veto that because some leech on society doesn’t get another year’s worth of unemployment benefits.

May 19th. Debt ceiling reached. If none of the foregoing milestones have been met, let it burn.

Happy Nomad on January 31, 2013 at 2:40 PM

On the plus side, it is an inextricable snare of natural law that the only beliefs propagandists can control with impunity are those beliefs that can never be tested by those that believe them.

Axe on January 31, 2013 at 2:47 PM

The numbers are bogus anyway! They’ve cooked the books all along. Yesterday’s GDP report was classic.(Disclaimer, I am an accountant)
When you intentionally pad the 3rd quarter figures with numbers from October to make the quarter look good because there’s an election pending, you get a flat or negative balance on the 4th quarter because you’ve already counted those beans.
The same holds true for the monthly jobs reports. They continuously pad the numbers to make His Majesty, King Barack II, look good! By the way, he couldn’t look good surrounded by strippers at a “cathouse!”

Boats48 on January 31, 2013 at 2:57 PM

Lol Ed, the election is over. You and your anti middle class conservative audience lost.

HotAirLib on January 31, 2013 at 2:05 PM

NO one is more anti middle class than Obama. He hates them because they’re in his way.

Schadenfreude on January 31, 2013 at 3:00 PM

It’s only Jan. 31, 2013.

Schadenfreude on January 31, 2013 at 3:04 PM

Well of course they are. Didn’t you see that Jay Carney said the very same thing yesterday?

Happy Nomad on January 31, 2013 at 2:40 PM

Yeah, but I went back and did a little investigating…

Obama: I Built Tha…Um, Er, Ah, No, Republicans Built That!

“Right now, OUR ECONOMY IS GROWING…”

- President Barack Obama, 14 January 2013

“You see that economic growth? I BUILT THAT!”

- President Barack Obama, 14 January 2013

“The Commerce Department said Wednesday that the economy contracted at an annual rate of -0.1 percent in the fourth quarter. That’s a sharp slowdown from the 3.1 percent growth rate in the July-September quarter. The surprise contraction could raise fears about the economy’s ability to handle tax increases that took effect in January and looming spending cuts.”

- Associated Press, 30 January 2013

“We have seen consistent job growth over almost three years. Home prices are starting to climb back, consumer confidence overall has been rising, consumer spending have been rising, but there is more work to do, and our economy is facing major headwinds, which goes to your point. And that is: Republicans in Congress.”

Jay Carney, White House Spokeskid, 30 January 2013

“You see that economic contraction. I, I, I DIDN’T BUILD THA…UM, ER, AH, NO, REPUBLICANS BUILT THAT!!! That’s the Republicans’ fault because they want dirty air, dirty water, kids with autism to fend for themselves, elderly people to eat catfood, children to have to walk 50 miles to dilapidated schools all so that they can spend government money on tax cuts for hedge fund managers, bankers, CEOs, corporate jet owners, Big Oil, Big Coal, and doctors, who just RIIIIPPPPPP out tonsils with their bare hands and charge $500,000 for an amputation! They don’t believe that everyone should have a fair shot, a fair share. They think that it is unpatriotic to ask people like me to give ‘just a little bit more of the money that we don’t need’ to fund school breakfasts and lunches so that poor children will know what a hot meal feels like in their mouths. So, when you see that contraction, you just remember who built it!”

- President Barack Obama, 30 January 2013

It ONLY took Obama SIXTEEN DAYS to revert back to “THE ROYAL “WE” DIDN’T BUILD THAT!!!” and “IT’S Bush’s, the euro’s, the Haitian earthquake’s, the Japanese tsunami’s, ATM/airport kiosk/automaton’s, THE REPUBLICANS’ FAULT!!!”

Resist We Much on January 31, 2013 at 3:05 PM

At least two shot at an Atlanta ‘Middle school”.
Just heard it on Faux.

I won’t use the term ‘mass shooting’ today so as to not anger the HA Semantics Police as I did yesterday..

LegendHasIt on January 31, 2013 at 3:05 PM

At least two shot at an Atlanta ‘Middle school”.
Just heard it on Faux.

I won’t use the term ‘mass shooting’ today so as to not anger the HA Semantics Police as I did yesterday..

LegendHasIt on January 31, 2013 at 3:05 PM

How would universal background checks or an AWB have stopped the shooting?

Please be specific.

Resist We Much on January 31, 2013 at 3:09 PM

That young lady with the cell wasn’t employed very long. – DaveDief on January 31, 2013 at 2:01 PM

Yep, she is back in line.

SC.Charlie on January 31, 2013 at 3:10 PM

Resist We Much on January 31, 2013 at 3:09 PM

Huh? You think I’m on THAT side of the argument?

I guess you have never read any of my posts before on that topic.

I’m one of the biggest 2nd Amendment proponents around, (in the way that the Founders intended).

LegendHasIt on January 31, 2013 at 3:16 PM

LegendHasIt on January 31, 2013 at 3:16 PM

Sorry.

Resist We Much on January 31, 2013 at 3:18 PM

At least two shot at an Atlanta ‘Middle school”.
Just heard it on Faux.

I won’t use the term ‘mass shooting’ today so as to not anger the HA Semantics Police as I did yesterday.. LegendHasIt on January 31, 2013 at 3:05 PM

How would universal background checks or an AWB have stopped the shooting?

Please be specific.

Resist We Much on January 31, 2013 at 3:09 PM

I guess all networks will be reporting all shootings from now on. It is a damn shame that evil, crazy people harm others.

SC.Charlie on January 31, 2013 at 3:20 PM

Resist We Much on January 31, 2013 at 3:18 PM

Heh, not to worry. I mostly just snark here now. I USED to post substantive stuff like you do, but gave up that fight when McCain got the nomination, and I went to ‘The Gulch’ Full time

LegendHasIt on January 31, 2013 at 3:21 PM

Resist We Much on January 31, 2013 at 3:18 PM

I see that everyone did a really good job chiming in after Chump left on the other thread on this that issue, too many facts and no ability to emotionalize the subject is definitely the way to keep our rights secured. Well in the war of words anyway;)

MarshFox on January 31, 2013 at 3:25 PM

What do readers believe the jobs number will be? Take the poll:

More lies to deceive the addled minded and easily deceived.

SWalker on January 31, 2013 at 3:35 PM

Huh? You think I’m on THAT side of the argument?

I guess you have never read any of my posts before on that topic.

I’m one of the biggest 2nd Amendment proponents around, (in the way that the Founders intended).

LegendHasIt on January 31, 2013 at 3:16 PM

You gotta call out a hold fire, friendlies! sometimes. :)

It’s the hazard we run for refusing sarc tags. I’ll get you a bandage and some antiseptic.

Medic!

Axe on January 31, 2013 at 3:42 PM

Axe on January 31, 2013 at 3:42 PM

Heh. Thanks, but not necessary.
I am safely in the bunker.

LegendHasIt on January 31, 2013 at 3:45 PM

Lol Ed, the election is over. You and your anti middle class conservative audience lost.

HotAirLib on January 31, 2013 at 2:05 PM

And unfortunately you and your commie messiah and your anti-taxpayer libtard audience won – and look how that’s working out for everyone.

dentarthurdent on January 31, 2013 at 3:50 PM

You and your anti middle class conservative audience lost.

HotAirLib on January 31, 2013 at 2:05 PM

.
That’s ok, dissent is the highest form of patriotism, so fcuk you.

ExpressoBold on January 31, 2013 at 3:50 PM

Lol Ed, the election is over. You and your anti middle class conservative audience lost.

HotAirLib on January 31, 2013 at 2:05 PM

HAHAHA!!!!

-0.1 GDP growth!

16 TRILLION in debt!

Lowest labor participation rate in 30 years!!!

HAHAHA!!!

You must break them up at the morgue!!!

itsspideyman on January 31, 2013 at 3:54 PM

Personal income increased $352.4 billion, or 2.6 percent, and disposable personal income (DPI) increased $331.3 billion, or 2.7 percent, in December, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $22.6 billion, or 0.2 percent. In November, personal income increased $135.8 billion, or 1.0 percent, DPI increased $125.5 billion, or 1.0 percent, and PCE increased $41.6 billion, or 0.4 percent, based on revised estimates.

Uh…how?

Maybe online news sites have gone all Conservative all of a sudden and are lying to help out the GOP, or there really are plants, stores, and businesses closing down all over the place at an alarming rate, not to mention the layoffs.

Dr. ZhivBlago on January 31, 2013 at 4:05 PM

Maybe online news sites have gone all Conservative all of a sudden and are lying to help out the GOP, or there really are plants, stores, and businesses closing down all over the place at an alarming rate, not to mention the layoffs.

Dr. ZhivBlago on January 31, 2013 at 4:05 PM

That’s right HotLump! It’s those evil conservative reporters that can’t get over Obama winning!

itsspideyman on January 31, 2013 at 4:12 PM

How can they ‘rise’? Harry Reid says the economy is “recovering”.

GarandFan on January 31, 2013 at 4:35 PM

Uh…how?

*snip*

Dr. ZhivBlago on January 31, 2013 at 4:05 PM

.
This answers the question does ANYONE read anything but the few comments just before they comment. :)

Please scroll back up to

PolAgnostic on January 31, 2013 at 2:26 PM

.
Zero Hedge had their analysis up by 8:55 AM and John Carney on CNBC had plagiarized by 11:00 AM.

There is enough data coming out to suggest WHY the SCOAMF and his ilk are so desperately pushing every liberal agenda item RIGHT NOW!

Take the economic data pointing to a recession, add in the “this path is unsustainable” market data (i.e. collapsing volume in shares traded), and sprinkle with the Fed Meeting minutes where they are discussing shutting down ALL QE by the end of 2013 …

.. voila, the liberals have at most three months before even their L.I.V.’s can recognize things have gone from bad to much worse.

PolAgnostic on January 31, 2013 at 4:43 PM

Maybe online news sites have gone all Conservative all of a sudden and are lying to help out the GOP, or there really are plants, stores, and businesses closing down all over the place at an alarming rate, not to mention the layoffs.

Dr. ZhivBlago on January 31, 2013 at 4:05 PM

I see more and more vacant stores and office/manufacturing space every day.

dogsoldier on January 31, 2013 at 6:22 PM

Where’s Fallon? What was the name of the woman in the photo again?

I think it was Fiona…

22044 on January 31, 2013 at 1:59 PM

I was watching grandbaby today. I could only sneak in and out while little one was napping.

Yup, Fiona, which I pushed for grandbaby’s name to be but was sadly overruled. Grandbaby’s not a redhead anyway, so I can live with her name. It’s actually an adorable name. Momma knows best.

Fallon on January 31, 2013 at 6:42 PM

Much of the increase was probably seasonal, and the weekly number had dropped to 330K the last couple of weeks, so an increase was in order. Anyway, the real number to watch is the 4-week average, and that is hovering just above 350K, continuing the downtrend that was interrupted when Sandy hit … it is slowly but surely improving, and we have a feeling private sector job growth will be good tomorrow … the public sector, on the other hand, is another story …

TouchdownBuddha on January 31, 2013 at 6:47 PM

Are we ignoring HAL today? :)

22044 on January 31, 2013 at 2:11 PM

Only days with a “y” in them.

socalcon on January 31, 2013 at 7:18 PM

Uh…how?

*snip*

Dr. ZhivBlago on January 31, 2013 at 4:05 PM

This answers the question does ANYONE read anything but the few comments just before they comment. :)

Please scroll back up to

PolAgnostic on January 31, 2013 at 2:26 PM
PolAgnostic on January 31, 2013 at 4:43 PM

Actually, I don’t have all day to read all the comments, though I’m sure I’m missing out on much enlightenment. I read the articles and scan the comments.

Dr. ZhivBlago on January 31, 2013 at 11:10 PM

Are we ignoring HAL today? :)

22044 on January 31, 2013 at 2:11 PM

Only days with a “y” in them.

socalcon on January 31, 2013 at 7:18 PM

…ok!…I was going to say something about HotLips rectal retentiveness…but I’m still laughing at socalcon !

KOOLAID2 on January 31, 2013 at 11:36 PM