U.S. Payrolls Jump 243,000
- Thread starter Godwynn
- Start date
Better. But we're probably 4-5 years out from a normal job market still. There are no factors in sight that would speed that up. Housing still hasn't hit bottom. Congress still sees partisanship as more important than the economy. Europe is not solving its problems. Oil is still too expensive, and no end in sight. Consumers still don't have enough money to spend.
rugbyLEAGUEfan
Deity
Cue posts about how America sucks ( but if it happened in Turkmenistan it would be rockin')
Ending the stimulus and providing tax cuts had nothing to do with this
Well, no. Not really.
kochman
Deity
- Joined
- Jun 8, 2009
- Messages
- 10,818
243,000 new jobs is the good news! Hurray!
The bad news...
http://data.bls.gov/timeseries/LNS11300000
http://www.zerohedge.com/news/recor...month-labor-force-participation-rate-tumbles-
63.7% of the population is in the labor force now... per 1st link.
AL_DA_GREAT
amour absinthe révolution
1 200 000 people disappear from the labour force in one month.
http://www.zerohedge.com/news/record-12-million-people-fall-out-labor-force-one-month-labor-force-participation-rate-tumbles-
http://www.zerohedge.com/news/record-12-million-people-fall-out-labor-force-one-month-labor-force-participation-rate-tumbles-
Bestbank Tiger
Deity
Something isn't adding up here
243,000 new jobs...
But there were 415,000 initial jobless claims (seasonally adjusted to 367,000)
http://www.dol.gov/opa/media/press/eta/ui/current.htm
So more people lost their jobs than found new ones, yet this is GOOD news??
243,000 new jobs...
But there were 415,000 initial jobless claims (seasonally adjusted to 367,000)
http://www.dol.gov/opa/media/press/eta/ui/current.htm
So more people lost their jobs than found new ones, yet this is GOOD news??
AL_DA_GREAT
amour absinthe révolution
So why did 1200000 people stop working last month? What are they doing now? Are housewives that in?
Bestbank Tiger
Deity
Shrinking the denominator is a great scam to make the people in power look better. And it's nothing new. Both parties do it.
Obama asked the BLS for some reelection support.
AL_DA_GREAT
amour absinthe révolution
Unemployment will be 5%, economic growth will be 5% and inflation 2% in october.
GoodGame
Red, White, & Blue, baby!
- Joined
- Dec 17, 2004
- Messages
- 13,725
I don't understand how this news would hurt any American politician politically. Usually they scramble to claim to be the source of the improvements.
What will be amusing if we go from----no man is in control of the economy (as in a president doesn't command the economy) to rhetoric of "I Did It, I FIXED the economy". cue Rapper come on stage "Imma gonna let you finish, because this is your moment, but really FDR had biggest fix for economy of all times!".
Mise
isle of lucy
Oh god not this again...
An increase in payrolls means NET jobs creation. I.e. more people found jobs than lost jobs. I.e. if you count all the people on every payroll in the country, there are 243,000 more people than last month. That's net job creation, it means that businesses are hiring more people than they are firing, and it's a good piece of news about the economy.
1.2m people not looking for work anymore is a bad thing. But net job creation is a good thing. As Kochman said, this is mixed news, not bad news.
An increase in payrolls means NET jobs creation. I.e. more people found jobs than lost jobs. I.e. if you count all the people on every payroll in the country, there are 243,000 more people than last month. That's net job creation, it means that businesses are hiring more people than they are firing, and it's a good piece of news about the economy.
1.2m people not looking for work anymore is a bad thing. But net job creation is a good thing. As Kochman said, this is mixed news, not bad news.
Bestbank Tiger
Deity
Don't give Kanye any ideas. He might want to get back at Obama for what O said about him
I'm kind of amused by how predictable it is.
amadeus
Serenity now
Well, I'm sure these jobs aren't as good as the ones they replaced.
Seems that it is benefiting Obama politically, at least according to Intrade, where his probability of being re-elected jumped 2 percentual points, and now stands at a solid 57%.
http://4.bp.blogspot.com/-4GiKdjvR4tQ/TywCscWJZxI/AAAAAAAABRw/GmjUmJ90jRQ/s1600/intrade.png
