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Unemployment tumbles verses Romney's one good night.
- Thread starter JimH52
- Start date
I have two words for you dumb ass:
Seasonal Hiring.
Seasonal Hiring.
copsnrobbers
I call it as I see it
- Feb 27, 2012
- 3,020
- 281
- 48
Liers figure Figures don't lie right?
What hasn't Obby and the Chicago Thugs not lied about.. It's a Skewed number.
What hasn't Obby and the Chicago Thugs not lied about.. It's a Skewed number.
SniperFire
Senior Member
The job market is getting worse.
'Well, part of the “thanks” goes to that perennial feature of Obamanomics, the collapsing U.S. workforce. 211,000 people left the workforce entirely over the past month. They no longer count for compiling the U-3 statistic. So, twice as many people stopped looking for jobs as found jobs, and that’s supposed to be good news.
Then we add an upward revision to the job creation numbers for July and August of 86,000 more jobs, which makes September look worse by comparison to August, but it won’t be reported that way. Actually, the trend line over the last three months is pointing down. Fewer jobs were created in each successive month. The job market is getting worse.'
September
But was their any doubt that the corruption of this Administration would not reach into the simple reporting of statistics?
'Well, part of the “thanks” goes to that perennial feature of Obamanomics, the collapsing U.S. workforce. 211,000 people left the workforce entirely over the past month. They no longer count for compiling the U-3 statistic. So, twice as many people stopped looking for jobs as found jobs, and that’s supposed to be good news.
Then we add an upward revision to the job creation numbers for July and August of 86,000 more jobs, which makes September look worse by comparison to August, but it won’t be reported that way. Actually, the trend line over the last three months is pointing down. Fewer jobs were created in each successive month. The job market is getting worse.'
September
But was their any doubt that the corruption of this Administration would not reach into the simple reporting of statistics?
Mad Scientist
Feels Good!
- Sep 15, 2008
- 24,196
- 5,431
- 270
Former GE CEO Jack Welch Tweeted:
Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers
copsnrobbers
I call it as I see it
- Feb 27, 2012
- 3,020
- 281
- 48
I have two words for you dumb ass:
Seasonal Hiring.
Christmas.. Yup or just another act of corruption. Then there's Obamacare, he's a Racist divider and a Socialist for starters. He's finished.......
- Thread starter
- #8
You mean the right wing pundits are not claimng that unemployment dropped because of Romney's debate performance?
Oh I am certain that Mitt will try to take responsibility. He seems to be able to change positions overnight these days. So, the right wing loons have a few nights to gloat. Now we are back where we were before Mitt lied his way into our living room on Wednesday night.Obama will seal the deal at the next debate and Obamacare will hang around the Repubtards necks for the next four years.
The Rams won last night and unemployment dives. It is going to be a great weekend!
sfcalifornia
Silver Member
- Dec 6, 2011
- 2,276
- 509
- 98
I have two words for you dumb ass:
Seasonal Hiring.
So what?
It's no worse than the crappy minimum wage jobs in Texas all you Pubtards pat each other on the back for. In a lousy economy, work is work.
If seasonal hiring is on an uptick, it means businesses are expecting a good season.
For me personally, business is booming. I'm raking in right now.
Liberal
Libruhl! Libruhl!
It's a conspiracy!
Get out der tin foil.
New tracking polls have shown little to no movement in the general election, I guess Mitt 1.0 the moderate version did not entice any of those undecided voters..
Time to roll out Mitt 2.0 the conservative again... And back track some of those liberal statements he made.
Get out der tin foil.
New tracking polls have shown little to no movement in the general election, I guess Mitt 1.0 the moderate version did not entice any of those undecided voters..
Time to roll out Mitt 2.0 the conservative again... And back track some of those liberal statements he made.
Umemployment has dropped from 10.2% to 7.8%
The stock market has doubled since the stimulus.
5 million private sector jobs have been created since 2009.
GDP has been growing since 2009.
Americans net worth is up $10 trillion dollars since 2009.
Auto sales are up. Retail sales are up. Home sales are up.
Bin Laden is dead, and GM is alive.
Obama has done a very good job.
The stock market has doubled since the stimulus.
5 million private sector jobs have been created since 2009.
GDP has been growing since 2009.
Americans net worth is up $10 trillion dollars since 2009.
Auto sales are up. Retail sales are up. Home sales are up.
Bin Laden is dead, and GM is alive.
Obama has done a very good job.
- Thread starter
- #13
It's a conspiracy!
Get out der tin foil.
New tracking polls have shown little to no movement in the general election, I guess Mitt 1.0 the moderate version did not entice any of those undecided voters..
Time to roll out Mitt 2.0 the conservative again... And back track some of those liberal statements he made.
OH! This is NOT going to make the right wing loons happy. Especially, when you consider the drastic drop in unemployment....it can't get much better!!!
Here is what is happening with the economy that no one is reporting on....
Two of the three biggest parts of the economy have returned to normal, auto sales and retail sales.
The last piece of the puzzle is home sales. Home inventory just returned to six months inventory which is normal.
Therefore, housing starts will begin to pick up next year and bring down unemployment.
Two of the three biggest parts of the economy have returned to normal, auto sales and retail sales.
The last piece of the puzzle is home sales. Home inventory just returned to six months inventory which is normal.
Therefore, housing starts will begin to pick up next year and bring down unemployment.
Liers figure Figures don't lie right?
What hasn't Obby and the Chicago Thugs not lied about.. It's a Skewed number.
It was George Soros with the Acorn in the Conservatory!!!!!
See below...
- Thread starter
- #16
great thread!!
Thanks.
I wanted the RW loons to stop for a moment while they are patting each other on the back and come back to reality. Nothing has changed. Romney lied his way to gain advantage one night and now we are back where we began....LIFE IS GOOD!
copsnrobbers
I call it as I see it
- Feb 27, 2012
- 3,020
- 281
- 48
Adjusted/Corrected numbers will be out before election day. Don't sweat if folks. Obby's finished!
Today’s Sept employment report wasn’t good for the bond market and only partially good for the economic outlook. The headline that will echo around the country, the unemployment rate declined frm 8.1% in July and August to 7.8%. Non-farm job growth was about in line with forecasts, +114K; private jobs were thought to be up 130K, as reported up 104K. July and August revisions to non-farm payrolls were revised higher by a total of 86K (+40K in July +46K in August). The average hourly earnings increased 0.3% after being flat in August. The unemployment rate is gathered through phone surveys by the BLS, asking if the respondent is looking for a job, has a job, or isn’t looking anymore, the drop implies more are now working. The household survey showed an 873,000 increase in employment, the biggest since June 1983, excluding the annual Census population adjustments. Some 582,000 Americans took part- time positions because of slack business conditions or those jobs were the only work they could find. The labor participation rate at 63.6% about unchanged from August. The 7.8% matches the January 2009 figure.
Yesterday’s Sept National Federation of Independent Businesses painted a different view, further adding to the confusion on just what is happening in the employment sector. “September was another weak job creation month, owners remain pessimistic about the future and consequently hiring plans remain weak. Reported job creation for the past few months was negative, more workers let go than hired, suggesting a very weak jobs report for September”.
No matter how it is sliced or diced, the employment report is better than what had been expected. The reaction sent the bellwether 10 yr note yield up from 1.67% yesterday to 1.72% at 9:00 and above its 20 and 40 day averages. Mortgage prices declined 25 bp frm yesterday’s close by 9:00. US stock indexes better at 9:00, DJIA up 54; not as strong as we would have expected.
The remainder of the day will trade from the employment report. In Europe, the key stock markets rallied on the US employment report. Europe is still n play but not today as it is all about how markets judge the employment report. A possible bailout for Spain is not imminent, a European Union official said, as concerns grow over the country’s ability to reach its deficit-reduction targets. There’s no guarantee that Prime Minister Rajoy will ask for aid from the EU rescue funds and he’s facing a challenge to deliver the budget-deficit cuts pledged.
Today’s employment data was so far off all estimates that it has already drawn sharp comments. Shock in some quarters; getting too testy: former General Electric Chief Executive Officer Jack Welch accused the Obama administration on Twitter of manipulating today’s employment data for political advantage. “Unbelievable jobs numbers..these Chicago guys will do anything..can’t debate so change numbers.” From my perspective, the headlines were very good, but only 114K new jobs created tends to temper the data.
At 9:30 the DJIA opened up just 50 points, NASDAQ +12, S&P +6; not much considering the headlines, suggesting traders are not completely enamored with the report. The 10 yr note at 1.72% +5 bp and 30 yr MBS price -15 bp after being down 28 bp at 9:00. The 10 yr note high yield was 1.74% at 9:00.
The initial reaction to the data this morning has driven the 10 yr note rate above its 20 and 40 day averages, the 14 day RSI has turned negative. The MBS market, although weaker this morning is holding better technically, on the Fed buying. We don’t make much of the present increases in rates unless it continues on Tuesday (Monday bond and mortgage markets will be closed for Columbus Day—stocks will trade).
Today’s Sept employment report wasn’t good for the bond market and only partially good for the economic outlook. The headline that will echo around the country, the unemployment rate declined frm 8.1% in July and August to 7.8%. Non-farm job growth was about in line with forecasts, +114K; private jobs were thought to be up 130K, as reported up 104K. July and August revisions to non-farm payrolls were revised higher by a total of 86K (+40K in July +46K in August). The average hourly earnings increased 0.3% after being flat in August. The unemployment rate is gathered through phone surveys by the BLS, asking if the respondent is looking for a job, has a job, or isn’t looking anymore, the drop implies more are now working. The household survey showed an 873,000 increase in employment, the biggest since June 1983, excluding the annual Census population adjustments. Some 582,000 Americans took part- time positions because of slack business conditions or those jobs were the only work they could find. The labor participation rate at 63.6% about unchanged from August. The 7.8% matches the January 2009 figure.
Yesterday’s Sept National Federation of Independent Businesses painted a different view, further adding to the confusion on just what is happening in the employment sector. “September was another weak job creation month, owners remain pessimistic about the future and consequently hiring plans remain weak. Reported job creation for the past few months was negative, more workers let go than hired, suggesting a very weak jobs report for September”.
No matter how it is sliced or diced, the employment report is better than what had been expected. The reaction sent the bellwether 10 yr note yield up from 1.67% yesterday to 1.72% at 9:00 and above its 20 and 40 day averages. Mortgage prices declined 25 bp frm yesterday’s close by 9:00. US stock indexes better at 9:00, DJIA up 54; not as strong as we would have expected.
The remainder of the day will trade from the employment report. In Europe, the key stock markets rallied on the US employment report. Europe is still n play but not today as it is all about how markets judge the employment report. A possible bailout for Spain is not imminent, a European Union official said, as concerns grow over the country’s ability to reach its deficit-reduction targets. There’s no guarantee that Prime Minister Rajoy will ask for aid from the EU rescue funds and he’s facing a challenge to deliver the budget-deficit cuts pledged.
Today’s employment data was so far off all estimates that it has already drawn sharp comments. Shock in some quarters; getting too testy: former General Electric Chief Executive Officer Jack Welch accused the Obama administration on Twitter of manipulating today’s employment data for political advantage. “Unbelievable jobs numbers..these Chicago guys will do anything..can’t debate so change numbers.” From my perspective, the headlines were very good, but only 114K new jobs created tends to temper the data.
At 9:30 the DJIA opened up just 50 points, NASDAQ +12, S&P +6; not much considering the headlines, suggesting traders are not completely enamored with the report. The 10 yr note at 1.72% +5 bp and 30 yr MBS price -15 bp after being down 28 bp at 9:00. The 10 yr note high yield was 1.74% at 9:00.
The initial reaction to the data this morning has driven the 10 yr note rate above its 20 and 40 day averages, the 14 day RSI has turned negative. The MBS market, although weaker this morning is holding better technically, on the Fed buying. We don’t make much of the present increases in rates unless it continues on Tuesday (Monday bond and mortgage markets will be closed for Columbus Day—stocks will trade).
Last edited:
WillowTree
Diamond Member
- Sep 15, 2008
- 84,532
- 16,091
- 2,180
Don't look now Repubtards, but your one night advantage just went up in smoke....
It will become a liability when Obama exposes Mitt's lies in the next debate.
IT IS GOING TO BE A GOOD DAY!
114 thousand new jobs and everything is hunky dory.. right?
It's a conspiracy!
Get out der tin foil.
New tracking polls have shown little to no movement in the general election, I guess Mitt 1.0 the moderate version did not entice any of those undecided voters..
Time to roll out Mitt 2.0 the conservative again... And back track some of those liberal statements he made.
OH! This is NOT going to make the right wing loons happy. Especially, when you consider the drastic drop in unemployment....it can't get much better!!!
Do you guys not even think? How can there be an anemic 114,000 jobs created last month coupled with an increase in new unemployment claims to 367,000 and then believe that overall unemployment numbers dropped .03 points? Seriously?
In that case... I have a Nigerian Prince that is interested in finding investment partners in the U.S. If you will demonstrate good faith by allowing him to deposit 1,000,000 dollars in your account....
auditor0007
Gold Member
I have two words for you dumb ass:
Seasonal Hiring.
That doesn't start for at least another month. This was not unexpected. Last month, everything was pointing toward this, but the numbers were just lagging by one month. No matter how Republicans try to spin this, barring a major gaffe from Obama, this is the nail in Romney's coffin.
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