Jobs report

#526
#526
hog88 said:
And none of that had anything to do back to back hurricanes hitting our refining areas running gas prices up to $5.00 gallon?
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National average gas prices in November 2008 was $1.87 per gallon
 
#528
#528
Obsessed said:
Speculation. It's what we were discussing
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We are not discussing the drastic turn around in the jobs report Nov 2008 vs Nov 2014. There has been several members post regarding that, including yourself. :)
 
#530
#530
508mikey said:
they arent - its likely all low wage service industry jobs and maybe a bunch of new Walmarts opening
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Finally a post I can agree with. Yes they are mostly lower paying jobs. It is better to add 321,000 in a month vs loosing 533,000 in a month.
 
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#543
#543
Ernest T. Vol said:
Jobs Friday: Up 321,000 jobs in November. Largest increase since January 2012. Expectations were for 230,000 jobs. The unemployment rate unchanged at 5.8%. The labor force participation rate also remained unchanged at 62.8%. Hourly earnings rose more than expected. Fed may raise rates faster/earlier now.
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Shhh, we don't like talking about those people that stopped looking for jobs that are getting jobs. What you are seeing is the normal unemployment rate....may go a little lower eventually, but when we are creating jobs and not moving the UE rate, that should tell you something.
 
#544
#544
It is estimated that we are saving about $350,000,000 everyday due to the drop in gas prices. Doesn't take a genius to understand that is one hell of a stimulus plan.
 
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#545
#545
82_VOL_83 said:
It is estimated that we are saving about $350,000,000 everyday due to the drop in gas prices. Doesn't take a genius to understand that is one hell of a stimulus plan.
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The best part of this stimulus is that it goes to the people instead of wall street.
 
#547
#547
Jobs Friday: Added 252,000 jobs in December, outpacing the 240,000 expected. The unemployment rate for the month came in at 5.6%, its lowest rate since June 2008, a tick lower from the 5.7% expected. Labor force participation rate fell to 62.7%, the lowest level since September 2008, from 62.9% in November. Hourly earnings are down though as a 0.2% decline in average hourly earnings. Last month's 0.4% jump were revised lower by half to 0.2%. This was the biggest crash in hours earnings since 2006. Looks like a lot of low wage waiters, retail help, etc. were hired.
 
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#548
#548
Ernest T. Vol said:
Jobs Friday: Added 252,000 jobs in December, outpacing the 240,000 expected. The unemployment rate for the month came in at 5.6%, its lowest rate since June 2008, a tick lower from the 5.7% expected. Labor force participation rate fell to 62.7%, the lowest level since September 2008, from 62.9% in November. Hourly earnings are down though as a 0.2% decline in average hourly earnings. Last month's 0.4% jump were revised lower by half to 0.2%. This was the biggest crash in hours earnings since 2006. Looks like a lot of low wage waiters, retail help, etc. were hired.
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People wonder why oil is plummeting.
 
#549
#549
Ernest T. Vol said:
Jobs Friday: Added 252,000 jobs in December, outpacing the 240,000 expected. The unemployment rate for the month came in at 5.6%, its lowest rate since June 2008, a tick lower from the 5.7% expected. Labor force participation rate fell to 62.7%, the lowest level since September 2008, from 62.9% in November. Hourly earnings are down though as a 0.2% decline in average hourly earnings. Last month's 0.4% jump were revised lower by half to 0.2%. This was the biggest crash in hours earnings since 2006. Looks like a lot of low wage waiters, retail help, etc. were hired.
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From what I am reading from your post, we are getting back to where we were before everything came tumbling down during the W years.
 
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