Jobs report

#726
#726
#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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Your Hero ran on "Hope & Change". So far he's delivered "Hopelessness & Sameness"
 
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#727
#727
Ernest T. Vol said:
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.
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I fear that the devil would be in the details and that, through the usual accounting gimmickry, cash apparently going to "jobs growth" would be quite illusory.
 
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#728
#728
lawgator1 said:
I fear that the devil would be in the details and that, through the usual accounting gimmickry, cash apparently going to "jobs growth" would be quite illusory.
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Yep, cant earmark cash or dictate types of expenses with tax savings. That part of any bill couldn't remain in the end. Its probably there at first to generate more bipartisan and public support. We need that cash working here but I am not holding my breath. After all the demonizing of corps and profits by O, I just don't see him going along.
 
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#730
#730
Jobs Report Friday: U.S. economy added 280,000 jobs in May, above the 225,000 anticipated. However, the unemployment rate ticked up to 5.5% for the month, from 5.4% in April because of more people trying to get jobs. Expectations were for it to remain steady. The labor force participation rose to 62.9% from 62.8%. Market futures are down hard as Fed has more reasons to raise rates in June or September.
 
#731
#731
Ernest T. Vol said:
Jobs Report Friday: U.S. economy added 280,000 jobs in May, above the 225,000 anticipated. However, the unemployment rate ticked up to 5.5% for the month, from 5.4% in April because of more people trying to get jobs. Expectations were for it to remain steady. The labor force participation rose to 62.9% from 62.8%. Market futures are down hard as Fed has more reasons to raise rates in June or September.
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Not bad. But of course when the numbers are revised down in July (as per usual) watch the excuses fly.
 
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#733
#733
And the dow goes down... Easy money will soon be over by the fed.. They are going to raise a whole .25 from zero.. The world is ending
 
#734
#734
Biopsyman said:
And the dow goes down... Easy money will soon be over by the fed.. They are going to raise a whole .25 from zero.. The world is ending
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Rates have been to low for too long. Any increase will be a shock to the system, I believe the increase in building we're seeing is in anticipation of the rate going up. Those that can are doing it now.
 
#735
#735
hog88 said:
Rates have been to low for too long. Any increase will be a shock to the system, I believe the increase in building we're seeing is in anticipation of the rate going up. Those that can are doing it now.
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Make money and retire early
 
#739
#739
Jobs Friday (Thursday): added 223,000 jobs in June, below the 233,000 jobs anticipated. The unemployment rate fell to 5.3% from 5.5% the month prior, and below expectations for a fall to 5.4%. The labor force participation rate also fell to 62.6% in June from 62.9% the month prior. However, hourly earnings were flat against an expected increase of .2%. Plus, the months of April and May were revised downward by 60,000 jobs.
 
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#742
#742
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#750
#750
I don't know anyone who is of working age and unemployed. Ads for employment seem to be going up fast around here, and the roads in the commercial business areas seem jam packed.

I realize that wage growth is a real problem, and hopefully that will come back to life as the recovery continues. But claims by you eejits that things aren't a whole lot better than when Bush left office are just detached from reality.
 
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