Name:   MartiniMan - Subject:   Why initial jobless claims are meaningless Date:   10/15/2015 2:18:28 PM

Interesting analysis by Goldman Sachs about how initial jobless claims, which are trending down, are meaningless in this type of business cycle.  Important to understand how when you sieze on one metric without having a clue is a fools game.  The following chart derived from DOL data tells you what is really happening which is of course consistent with the labor participation rate and unemployment numbers other than the meaningless U2.  Explains why there is a dichotomy between all the numbers and why retail sales are plunging.  The American people are seeing first hand what is really happening.