Jobs report

#701
#701
Ernest T. Vol said:
Jobs Friday: Added 223,000 jobs in April. The unemployment rate ticked down to 5.4% for the month, from 5.5% in March. Labor force participation rate rose to 62.8% from 62.7%. The already low March report was revised down even further to just 85K added. Market futures up as fed not expected to act now in June.
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Too funny. The market is up, not at all on the sign of strength in the economy, you have to spin it as bad news.

You just cannot bring yourself to give the current administration the least bit of credit, can you?
 
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#702
#702
lawgator1 said:
Too funny. The market is up, not at all on the sign of strength in the economy, you have to spin it as bad news.

You just cannot bring yourself to give the current administration the least bit of credit, can you?
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Tell that to the 50 million on food stamps and some other form of govt assistance..
 
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#703
#703
lawgator1 said:
Too funny. The market is up, not at all on the sign of strength in the economy, you have to spin it as bad news.

You just cannot bring yourself to give the current administration the least bit of credit, can you?
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As long as the Federal Reserve keeps printing money and giving it to Wallstreet, yeah whatever.

No
 
#704
#704
lawgator1 said:
Too funny. The market is up, not at all on the sign of strength in the economy, you have to spin it as bad news.

You just cannot bring yourself to give the current administration the least bit of credit, can you?
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That's funny coming from you. Aren't you the one constantly whining about the investment class?
 
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#706
#706
Its amazing how the same people who are rather mute when it comes to the economic calamity we had under a Republican will scratch and claw for anything negative under a Democrat, how they refuse to even acknowledge improvement.

I don't know that I have ever seen so many root so hard for things to go badly for all of us. Purely out of partisanship.
 
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#707
#707
lawgator1 said:
Too funny. The market is up, not at all on the sign of strength in the economy, you have to spin it as bad news.

You just cannot bring yourself to give the current administration the least bit of credit, can you?
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Administration credit for what? The market is up today because traders think the fed wont raise in June. The fed wont raise in June because the economy is not strong enough. GDP is sucking a big one if you haven't heard. So, this report was largely seen as "not bad" but "not good enough" to counter the slowness in the economy.

'Good' jobs report still weak enough to hold off Fed
 
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#710
#710
Ernest T. Vol said:
Administration credit for what? The market is up today because traders think the fed wont raise in June. The fed wont raise in June because the economy is not strong enough. GDP is sucking a big one if you haven't heard. So, this report was largely seen as "not bad" but "not good enough" to counter the slowness in the economy.
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The market already built in what you allude to, except for the new number, which drives it higher.

Its temporary. I'm not claiming we've turned the corner completely.

But we are on our way, that is undeniable to anyone with the slightest bit of intellectual integrity. And its all the usual Obama-haters coming in here trying to claim that good news is really bad news. Because they just can't stand it when anything goes right.
 
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#711
#711
lawgator1 said:
Its amazing how the same people who are rather mute when it comes to the economic calamity we had under a Republican will scratch and claw for anything negative under a Democrat, how they refuse to even acknowledge improvement.

I don't know that I have ever seen so many root so hard for things to go badly for all of us. Purely out of partisanship.
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I'll give him credit, it's improved but fawning over these numbers is like passing out participation trophies. In any private company with 6 years of numbers like these the CEO would have been fired.
 
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#712
#712
hog88 said:
I'll give him credit, it's improved but fawning over these numbers is like passing out participation trophies. In any private company with 6 years of numbers like these the CEO would have been fired.
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Not if the guy who had the job before him burnt the building to the ground in a booger-eating accident.
 
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#714
#714
lawgator1 said:
The market already built in what you allude to, except for the new number, which drives it higher.

Its temporary. I'm not claiming we've turned the corner completely.

But we are on our way, that is undeniable to anyone with the slightest bit of intellectual integrity. And its all the usual Obama-haters coming in here trying to claim that good news is really bad news. Because they just can't stand it when anything goes right.
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The market has been trading more on fed policy than it should and less on fundamentals/technicals than it should. Its on a hair trigger to move in any direction depending on what in fed minutes, what members say in interviews, fed rumors, etc...AND any economic report that might signal an advance or delay in raising rates.
 
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#718
#718
AirVol said:
Those numbers keep increasing too.

Thanks Obamanation!
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Yep, for some reason I believe this is just the path that we were put on way before Oberma was elected. That's just my opinion.
 

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#720
#720
hog88 said:
It was but accelerated under him.
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It has been accelerating for two decades. This snowball is not going to stop...

This is my opinion, I don't think there is a single thing that ANY president will be able to do.
 
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#721
#721
Ernest T. Vol said:
Here is something I could give Obama some credit on if he goes along with one of these. If he doesn't, then businesses will just wait it out for the next two years until he's out. Corps have been in lock down the last 6, whats 2 more?

Prepare for Repatriation | Accounting Today News
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Very interesting stuff. I can see merit to all three proposals. I probably like the McCain version the best, though the phrase "for job growth" is a little vague to me how you would be sure that it was anything meaningful.
 
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#722
#722
#VFL__ said:
It has been accelerating for two decades. This snowball is not going to stop...

This is my opinion, I don't think there is a single thing that ANY president will be able to do.
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Correct, not a single thing and not by them self.

It will take a several steps and cooperation between POTUS and Congress. One thing the POTUS could do all by his lonesome, GET OUT OF THE WAY! Things like Obamacare and the EPA hinders business!
 
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#723
#723
lawgator1 said:
Very interesting stuff. I can see merit to all three proposals. I probably like the McCain version the best, though the phrase "for job growth" is a little vague to me how you would be sure that it was anything meaningful.
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Agree on the "for job growth" part of it. I don't think cash can be earmarked. Would be like saying I got $100 in my left pocket for beer and $100 in my right pocket for the strippers. Got to keep it separate, you know.
 
#725
#725
Current correct unemployment rate just a tic under 11%. Here's to drinking the barryaide.
 
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