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Old 09-06-2019, 01:03 PM
 
534 posts, read 294,894 times
Reputation: 327

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130,000 jobs were never considered disappointing under Obama. I know, because I used to follow the jobs reports under him regularly and 130k was never met with much negativity.

Wage growth is up though.

 
Old 09-06-2019, 01:53 PM
 
Location: Right here; Right now
9,366 posts, read 4,619,552 times
Reputation: 1473
Quote:
Originally Posted by Finn_Jarber View Post
Another anemic month.....

Also, it looks like 25,000 of them were temporary workers for the 2020 census.


https://www.usatoday.com/story/money...st/2224196001/

Hiring slowed in August as employers added 130,000 jobs, further stoking recession fears and strengthening the Federal Reserve’s argument for another cut in interest rates this month.

Further dimming the latest employment snapshot: Payroll gains for and June and July combined were revised down by a total 20,000.
And yet, approximately 10,000 (jobs open up) a day in Boomers retiring out of the workforce.
 
Old 09-06-2019, 02:02 PM
 
Location: Alameda, CA
7,473 posts, read 4,037,451 times
Reputation: 1379
Quote:
Originally Posted by tipsyguam View Post
They are and they have already had the media chirping about a recession for quite a while now. This is the next tactic for them to go after Trump since Mueller time failed.

markets and economies are a sine wave and cyclical no matter who is President. So yes, I agree a recession is coming.



DOW is up 16000 and change since first hitting 10,000 back in 2000 while we are pointing out random DOW ranges and random time frames.






You can profit from this by selling iron condors if you think this is a future indicator but I bet you won't.
Since I'm primarily invested in stocks I already accumulated the increases as of the end of 2017. Since then the market has been going sideways. Since the end of Jan 2018 the returns from stocks have been pretty meager. No its not the first time the market has gone sideways and I guess we should be thankful stocks are not going down. But take the blinders off about the condition the markets are currently in and have been for some time. So far during Our Dear Leader's administration we had one good stock market year.
 
Old 09-06-2019, 02:04 PM
 
1,692 posts, read 1,422,092 times
Reputation: 1415
Default My first job out of the box ...

Quote:
Originally Posted by Finn_Jarber View Post
90+ million are not working.

In 1990s unemployment number was very low, and yet we added 300-400K jobs per month, and the stock market behaved accordingly (it skyrocketed).

Today, the market is lower than it was 19 months ago.

... was in Johnstown, Pennsylvania. I could pick my clients out of a crowd back then. They worn either $1 @ pair canvas shoes in the winter or wingtips (I kid you not ) stamped out of a single block of rubber.


Leaving work, I stopped at a traffic light and there was one my clients four foot away sitting on a bus bench talking loudly to her friend. She proudly told her buddy that she was a third generation welfare recipient with kids and no way was she ever going to work. I had her case file. She was entitled.


I just can't understand why someone with food stamps, medicaid, free dental, free housing, a metro bus card, no cost legal aid, a monthly stipend, etc. could be considered impoverished?


As long as we maintain this social "safety net" why would she go to work?



How many millions won't work or can't work? Where I came from social security disability was a career path.
 
Old 09-06-2019, 02:06 PM
 
7,732 posts, read 1,805,103 times
Reputation: 4267
Wow, this is one of the worst job months under the Trump administration.

I guess this is us "winning" the trade war?
 
Old 09-06-2019, 02:21 PM
 
Location: Wouldn't you like to know?
607 posts, read 82,510 times
Reputation: 255
Quote:
Originally Posted by WilliamSmyth View Post
But take the blinders off about the condition the markets are currently in and have been for some time

What blinders? I am long Nov SPY puts as of this recent run up in the last week, averaged into more yesterday. The VIX under 16(or even 18 for that matter) is mispriced in my view for the rest of this year... the next thing people are going to whine about is the Fed cutting rates again soon to keep up with other countries devaluing their currencies. Have you seen the decline of the Argentine Peso in the last few months?
 
Old 09-06-2019, 02:36 PM
 
Location: Ohio
20,503 posts, read 14,586,322 times
Reputation: 16731
Quote:
Originally Posted by Finn_Jarber View Post
Another anemic month.....

Also, it looks like 25,000 of them were temporary workers for the 2020 census.


https://www.usatoday.com/story/money...st/2224196001/

Hiring slowed in August as employers added 130,000 jobs, further stoking recession fears and strengthening the Federal Reserve’s argument for another cut in interest rates this month.

Further dimming the latest employment snapshot: Payroll gains for and June and July combined were revised down by a total 20,000.
Quote:
Originally Posted by Finn_Jarber View Post
News are news. Why so you behave like someone threw acid on your face?
Fake news is fake news.

Actually, according to the CPS, which is how the phony 130,000 number was statistically derived using weighting data in the X-13ARIMA-SEATS software program that you can download for free at the US Census Bureau website, you lost 569,000 jobs.

According to the CES, there were only 4,000 jobs created.

CPS January to August:

Jan: 154,964,000 employed
Feb: 156,167,000 employed (+1,203,000 jobs)
Mar: 156,441,000 employed (+274,000 jobs)
Apr: 156,710,000 employed (+269,000 jobs)
May: 157,152,000 employed (+442,000 jobs)
Jun: 157,828,000 employed (+676,000 jobs)
Jul: 158,385,000 employed (+557,000 jobs)
Aug: 157,816,000 employed (-569,000 jobs)

CES (which is Private Sector only) January to August:

Jan: 125,932,000 employed
Feb: 126,370,000 employed (+438,000 jobs)
Mar: 126,994,000 employed (+624,000 jobs)
Apr: 128,007,000 employed (+1,013,000 jobs)
May: 128,771,000 employed (+764,000 jobs)
Jun: 129,800,000 employed (+1,029,000 jobs)
Jul: 129,890,000 employed (+90,000 jobs)
Aug: 129,894,000 employed (+4,000 jobs)


It should be noted that in every year from 2000 to the present, jobs always decline in August.

Always.

Summer jobs end in August.

So, what we have is a nothing-burger.
 
Old 09-06-2019, 02:41 PM
 
Location: Wisconsin
20,532 posts, read 14,101,721 times
Reputation: 5334
Quote:
Originally Posted by tipsyguam View Post
still adding jobs while under 4% UE is great news no matter how much the OP wants to spin it.
There will always be the normal ebb and flow as new high school and college kids join the labor force, and people just switch jobs, etc... I'm not sure how many people each month that would be, especially for young people getting a job right after leaving school.
 
Old 09-06-2019, 03:57 PM
 
774 posts, read 160,063 times
Reputation: 941
russia russia russia

racist racist racist

recession recession recession

All I really want to know is what letter the next fake crisis will start with lol
 
Old 09-06-2019, 04:36 PM
Status: "unless it's got that "it" factor." (set 3 days ago)
 
Location: Clyde Hill, WA
4,469 posts, read 812,912 times
Reputation: 1486
The unemployment rate is currently 3.7%.

When I took econ 101 many moons ago, we were told that economists consider 4% as 'full employment' because there are always a small percentage of people between jobs for various reasons. Maybe they just got fired for doing a 'Harvey Weinstein,' or maybe they moved to a new city w/ a spouse who got a new job, and now they have to find a new job.

3.7% is 1 in 27 people. This is not a winning talking point for Democrats.
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