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Dear "Initial Jobless Claims"-Creator, Explain This

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Initial jobless claims printed 267k - slightly better than expected and very slightly less than last week - which is odd because both ISM Manufacturing and ISM Service employment data suggests a very different picture indeed.

 

Everyone knows the manufacturing industry is losing jobs...

 

20160602_claims2_0.jpg

 

 

 

But don't worry, the Services economy is doing great and generating jobs, right?...

 

Oh wait!!

 

20160602_claims1_0.jpg

 

 

 

So if jobs are piss poor in the manufacturing industry based on management's perspectives and just as bad in Services, then where is the government creating all these jobs from that is keeping initial jobless claims so low?

 

Charts: Bloomberg

 

20160602_claims2.jpg?1464871452

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