Great Jobs Report: Unemployment Rate Falls To 7.5%

Originally posted by Covertblack
reply to post by inverslyproportional

 

Service jobs boom: The strongest job growth in April came from restaurants and bars, which added 38,000 jobs; temporary services, which added 31,000 jobs; and retailers, which added 29,000 jobs.

They are adding part time, low paying jobs. It's hardly stellar.

Job Growth will become " stellar " when we repeal Obamacare.

It looks like Democrat Harry Reid is on board. - Train Wreck -

Originally posted by camaro68ss
READ THIS, THIS IS GOOD!

The average hourly wages of $23.83 in March and $23.87 in April, and the total wages paid out in March ($111.565 billion) compared to April ($111.231 billion) amounted to a drop of $323.2 million.

Had the average weekly hours stayed flat as expected, this number should have been an increase of $323.5 million or a $646.8 million swing!

In other words, the US economy added 165,000 jobs and yet US businesses paid $323.2 million less in total wage compensation: only the second time there was a decline in the gross total monthly wages paid in 2013.

What does this mean for the bottom line?

Well, had the BLS reported flat average weekly hours worked at 34.6 as Wall Street had expected, while companies were paying out the same amount of hourly wages in April, the result would have been that instead of the BLS reporting a 165,000 increase in jobs, it would have had to report a drop of, drumroll, 618 thousand workers, or total April workers of 134,690,913: a 783 thousand negative worker swing, more than wiping out not only all the gains of April, but all prior upward monthly revisions as well.

www.zerohedge.com...

Hope and change.......and Manipulation

edit on 3-5-2013 by camaro68ss because: (no reason given)

Read above!

reply to post by TauCetixeta


Too bad Harry wouldn't have realized this before pushing so hard to get it passed!

reply to post by 48e18


Yeah, it's all right-wing propaganda. After all, we all know hyperinflation has never actually happened, right?

Worst cases of hyperinflation in recent history and what happened

...and of course, we also know CNBC is just a bastion of hard right wing propaganda. Huh? Isn't that whole right/left nonsense getting just a wee bit old by now? Like you said, the election is over. It's time to be Americans again and fix this mess.

@ Thread

On that happy note, I'm starting to depress myself with all these facts to add. I'm going to get some sleep. Don't do anything I wouldn't do! ..Well, unless it's the right thing, of course...and then, be my guest.

Originally posted by 48e18

Originally posted by camaro68ss

Originally posted by 48e18
reply to post by camaro68ss

 

The myth of hyper-inflation has been another Right wing rally call since 2009...they said it would hit later that year...then in 2010...then in 2011...etc. It is just basic fear mongering to get the right wing base against the opposition.

I never said you are a Republican, but you are definitely right wing. The tea party and libertarians are right wing as well.

So printing 85 billion dollars a month and injecting it into the economy will not result in inflation? there printing 1.020 TRILLION dollars a year to pay for debts. how does that not result into an end game of hyperinflation.

Markets are at an all time high yet there still printing? Do you think printing 1.020 trillion dollars a year will not lead to inflation?

No, it won't. Not when we are doing it in conjuction with the rest of the world.

So if the whole world is printing money, there will be no inflation. Bwhahahahaha, How is that even a halfway logical answer? Do you even understand economics and the laws of supply and demand? This is 101 here. All that does is make the price of goods go up in all currencies and thats what is happening.

you know in the past 10 year, food prices in the united states have gone up over 165%

This problem has some what to do with Obama but this problem has been 40 years in the making. both parts are at fault here so you can leave your Left vs Right Argument at the door.

Originally posted by BobM88
reply to post by TauCetixeta

 

Too bad Harry wouldn't have realized this before pushing so hard to get it passed!

Nobody read the bill ! Now there are 27,000 more pages for someone to read!

AND the solution is to hire an Army of " Navigators " to explain it us?

The " Navigators " are a Secular Progressive Ruse.

Do i have to read all of these pages???



Do i have to read every page? Wouldn't it be easier if i just jump head first into

the Grand Canyon?

reply to post by BobM88


How many of these "new jobs" and newly employed people are actually just part time jobs created by the massive hour cutting that has been going on to avoid Obamacare?

Originally posted by GogoVicMorrow
reply to post by BobM88

 

How many of these "new jobs" and newly employed people are actually just part time jobs created by the massive hour cutting that has been going on to avoid Obamacare?

Harry Reid went to the caboose, leaned to the side and observed that the derailment

has begun. He just jumped off the train.

Question of the Day: Who will jump next?

There are three kinds of lies: lies, damned lies, and statistics

Twain

Note they only report the "U3" unemployment rate in the MSM

portalseven.com...

The U6 unemployment rate seems to be a little more useful for determining productivity.

portalseven.com...

The U6 increased from 13.8% in March to 13.9% in April 2013

Thats still down 18.7 percent from the peak unemployment of 17.1 in April, 2010

And as for inflation, Europe is going through hard times and it should be obvious that price conscious purchase managers are going to buy goods that are offered at a lower price in Europe. Also oil and commodity prices dropped with the softer European demand.

My guess is that the Fed is probably just trying to weaken the US dollar to keep the trade balance.

Finished a business trip Thursday that took in three states (NV, Utah, AZ). Drove non interstate hwys trying to get in scenic roads. If the economy is on the rebound, I could not tell from the towns we drove through. At least 1 in 3 businesses were boarded up. Abondoned houses seemed more numerous, but maybe I was more aware of vacant buildings. More fields lay unplanted. Fewer irrigation systems operating. Road construction and repair was still in progress, so I suppose this falls under federal funds (shovel ready?). RV parks/camp grounds that are normally running over, lay mostly vacant. I do not believe the reports of economic recovery.

reply to post by BobM88

I'll admit I've had my doubts about Obama, but this is good news. Perhaps I've been wrong about his policies? Or is this due to the sequester?

Has nothing to do with Obama or his policies. Has everything to do with gradually increasing consumer confidence.

That is great news. Since Obama became president we have been steadily climbing out of the Bush crater. I just love the petty little wing nuts. Don't like the numbers just look until you find some that serves your agenda.

FYI (for the wing nuts out there). Everyone I know that wants a job has a job. Some people I know are even quitting their jobs because they have better employment opportunities. I had to turn down work twice last week. And for what its worth, all of our best employers around here have wonderful healthcare benefits so I don't think Obama Care will have any impact around here. Oh wait I did hear that the crappy pizza called Papa John's may go up a dime to cover the cost of Obama Care, oh noes how will we survive. It's the end of civilization I tells ya.

Originally posted by Gazrok
reply to post by BobM88

 

I'll admit I've had my doubts about Obama, but this is good news. Perhaps I've been wrong about his policies? Or is this due to the sequester?

Has nothing to do with Obama or his policies. Has everything to do with gradually increasing consumer confidence.

The economy is getting better in spite of Obama, not because of Obama.

The MSM is calling Obama a loser.

Democrats are calling ObamaCare a Train Wreck. Legacy ?

Originally posted by Trueman
reply to post by BobM88

 

Not even want to read the source. To publish stats is a dirty old trick played for all governments, it always works.

Unemployment rates fall when underemployment rate goes up.

We have people accepting to work at 8$ per hour in jobs that worth 12$ per hour or more.

There is a new unnamed working class with less than 40 hours a week, but still considered full time workers.

Not even want to mention the millions working just 15/20 hours part time jobs.

Consider the term "Cook the books".

This. Even if people are working, so many of these newly created jobs and hires are part time, minimum wage crap. Which isn't a great health indicator for the economy. People working such jobs often still have to collect benefits to keep afloat, especially if you live in more expensive areas.

Originally posted by Wrabbit2000
reply to post by 48e18

 

Yeah, it's all right-wing propaganda. After all, we all know hyperinflation has never actually happened, right?

Worst cases of hyperinflation in recent history and what happened

...and of course, we also know CNBC is just a bastion of hard right wing propaganda. Huh? Isn't that whole right/left nonsense getting just a wee bit old by now? Like you said, the election is over. It's time to be Americans again and fix this mess.

@ Thread

On that happy note, I'm starting to depress myself with all these facts to add. I'm going to get some sleep. Don't do anything I wouldn't do! ..Well, unless it's the right thing, of course...and then, be my guest.

edit on 3-5-2013 by Wrabbit2000 because: oopsy... make that just the worst.. That isn't my top 10 link. You;ll have to settle for top 5 for now. zzzzzzz....

Yes, because The United States is just like Zimbabwe

reply to post by camaro68ss

you know in the past 10 year, food prices in the united states have gone up over 165%

Um, no I didn't know that...maybe because it hasn't.

If that were the case, a gallon of Milk which was around $3 in 2003 would cost $7.50 today...and it doesn't.

data.bls.gov...

Your information is just flat out wrong.

Where's all the cream filling? I mean jobs?

Got me all mouth watering and brain thinking I was gonna eat a chocolate cupcake with cream in the middle but no, it's just more decorative writing. Why, I only wish being a politician worked for everything else.

you get pulled over : Sir, if you look at everyone else, I was obviously going the speed limit, they are...

Just not understanding how and why we stand for being lied too by clever little money pigs, why do we allow it? If I tell you when it rains, the ocean is going to over flow you understand that there is more to that then what I said, right?

So when someone says hey, unemployment falls, must mean jobs are getting more plentiful, you cannot possibly believe it's correct?

It's all connected, but not just unemployment and jobs, much more plays a factor of whats going on, and Mostly it's CEOs figuring out ways to shorthand their local government and communities basically. So kick em the F*@# out~!!

yes, that's right, you know why? We have more talent that's yet to be given a chance then most of the companies have innovations.

Funny, actual unemployment is near 25% now, they do not count those who no longer receive unemployment benefits, and have given up on seeking jobs for life dependent on the government.

If you want a reality check look up how many Americans are now receiving food stamps and other assistance, then see how that has changed over the years... Also not accounted for are the growing numbers of underemployed and underpaid.

These stats are intentionally misleading so as to not adversely effect the financial markets... Those investors don't deal well with reality.

Originally posted by TauCetixeta

Originally posted by BobM88
reply to post by TauCetixeta

 

Man, I love your optimism! That's how I've been feeling lately myself...things aren't great, I know, but it does seem like things are getting better. I'd rather look for some sort of bright spot in the future than look for the potential for complete collapse.

Yes, I may be naive and foolish, but it keeps me semi-sane anyways.

If you don't know where you're going, any road will get you there.

Our road in Arizona is headed towards prosperity.

No one on this planet is going to stop us!

What about nature and drought? What about water? Half of my family live in Mesa, and Lake Havasu....Where does your water come from..sorry off topic.

It makes you think about where jobs are but what about resources? That is why I moved away from the southwest....too dry and dead for me..

Originally posted by Gazrok
reply to post by BobM88

 

I'll admit I've had my doubts about Obama, but this is good news. Perhaps I've been wrong about his policies? Or is this due to the sequester?

Has nothing to do with Obama or his policies. Has everything to do with gradually increasing consumer confidence.

Like I stated earlier, if the bankers were arrested and jailed, consumer confidence would skyrocket.
But, Obama isn't doing this and keeps propping them up with his buddy Bernanke.
It's a vicious cycle and the blame game is infinite.