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Time for DA to tell us how this is so terrible!
On the surface it looks like pretty decent news. The only problem is wage growth is a little behind job creation, but things are somewhat better.
View attachment 67199696
U.S. adds 215,000 new jobs in March as more workers enter labor force - MarketWatch
...
Manufacturing took it on the chin again ...
I call it as I see it. I do not recall ever calling the numbers 'terrible'...but maybe I am forgetting a month or two. Yet you keep saying I call them 'terrible'. If you are going to deliberately misrepresent my words, then I am going to feel free to do likewise to you. Ah, the heck with it...I will just ignore you, you are not worth the effort to me.
Just because you have such a poor understanding of macroeconomics that you fall for the government headline statistics like a wide eyed child...does not mean the rest of us (who actually have to make a living through investments) have to Mr. Zero Interest Rates Are Good All The Time.
Unlike you, I look past the government propaganda (no matter which party is in power) and look at the numbers that really tell the story (or at least, tell a better story).
And, once again, I am neither Rep nor Dem.
Have a nice day.
wage growth is a little behind job creation
average weekly earnings improved but are still lower than two months ago (though they rose in March).
years | annual % change |
66-68 | +1.3 |
69-76 | +.3 |
77-80 | -1.7 |
81-92 | -.65 |
92-00 | +.72 |
01-08 | +.38 |
09-15 | +.83 |
Overall...this looks like a generally solid report (from what I have seen of it).
Of course, the 'official' unemployment rate went up. But since the U-3 basically means nothing (imo), it should be ignored. It will be interesting how the media spins it - since they are so U-3 fixated. My guess is they will blow it off.These days, the major media is crying out for good macroeconomic news.
Manufacturing took it on the chin again and average weekly earnings improved but are still lower than two months ago (though they rose in March).
But overall, the numbers look pretty good for the month to me.
Which leads me to wonder why Yellen came out with her ultra-dovish speech the other day.
After almost eight years obamanomics is beginning to produce results. I don't know whether to laugh or cry!
Nothing like e verify and fair and honest trade to create a labor shortage. Business might actually have to train entry level legal citizens for a change to fill those slots!
Maybe we can even break even on our trade accounts.
Maybe that is why some economists watch it. But that is not why most people watch it. They watch it because they are brainwashed into thinking that it is an accurate gauge of the employment situation in America.One of the most reliable indicators of recession is the 12 month moving average of unemployment moving above its monthly level. That's why everyone watches it. For the record the moving average is at 5.1% right now.
S&P 500 is in an earnings recession. Commodities and manufacturing are getting crushed due to China slowdown. CPI growth slowed significantly, to near 0 from a year ago for several months due to commodity prices. Junk bonds have gotten crushed. There is a real reason to be worried about the state of the economy, which is why Yellen has been very scared to raise rates again... and thank god she hasn't.
Any unemployment statistic that treats unemployed people as off of the labor force simply because they gave up looking (because there are no jobs) but still desperately want work is a joke.
After almost eight years obamanomics is beginning to produce results. I don't know whether to laugh or cry!
Any unemployment statistic that treats unemployed people as off of the labor force simply because they gave up looking (because there are no jobs) but still desperately want work is a joke.
Business might actually have to train entry level legal citizens for a change to fill those slots!
As long as it's not in the headlines, they're okay with it. The malaise continues.
"
You read ZipHedge and then tout whatever isolated (and often misleading) negative number you can find as evidence that the economy is doing poorly.
Why? I've asked you this many times, but you've never given any thought out explanation that I recall. The unemployment rate is meant to objectively measure how much labor that was available in a particular month was not being used. How wold including people who were not available be more accurate and why would how desperate someone is matter?
Based on your previous posts, no, I don't expect an actual, well-thought answer. But it's worth a shot.
"Number 47, you're order is ready!"
industry | jobs added | % increase |
construction | 2,245,000 | 23% |
professional and business services | 3,656,000 | 22% |
food services and drinking places | 2,013,000 | 22% |
education and health services | 3,033,000 | 16% |
manufacturing | 885,000 | 8% |
total private sector | 14,435,000 | 13% |
Jobs added by industry since the GOP SSE Great Recession:
industry jobs added % increase construction 2,245,000 23% professional and business services 3,656,000 22% food services and drinking places 2,013,000 22% education and health services 3,033,000 16% manufacturing 885,000 8% total private sector 14,435,000 13%
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