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Texas User, you need to not take publicized numbers at face value and do a bit of research into the WHY those numbers are what they are.
At face value, the BLS number says "Yeah, the economy is saved, lots of jobs created and the rate went down".
But there are other factors that go into that number besides actual number of people working.
How many new businesses did the BLS "think" got created that month..that influences the number.
How many discouraged workers just dropped off the list, not because they found jobs, but because the BLS doesn't count them anymore.
How many people are in the workforce and when the BLS lowers that number that also influences the publicized number.
But Happy Texan, That requires reading the whole BLS report (Sar)-multiple paragraphs, instead of, as I suspect, reading USA Today 1 paragraph summaries, and listening to WH 30 second statement.
You are 100% correct. This report simply treads water, enough jobs for pop growth, but 8 million axed still not employed.
Texas User, The stock market is not an indicator of the economy. Corps shed 8 million jobs from late 2007 through 2009, and the stock market LOVED that, as corp earnings surpassed pre-recession levels. Notice though that shedding was not good for the nation.
If corps could ax another 8 million, WS bonuses in 2012 would be the biggest ever. Do you think that would be good for America?
Stock market is one of the indicators in the Economy. It means people are buying more then selling which drives the market upwards.
Stock market is one of the indicators in the Economy. It means people are buying more then selling which drives the market upwards.
Incorrect. The Stock Market is more out of touch with what is actually happening on Main Street and everywhere else more than ever. You seem to forget about all of those millions of jobs that have disappeared that haven't been recovered.
Stock market is one of the indicators in the Economy. It means people are buying more then selling which drives the market upwards.
Okay, so if the economy is growing at 12.5% per quarter then why would the stock market collapse?
That actually happened.
The stock market broke records during the recession which ended in June 1929. The stock market started collapsing in September (and fell apart in October) while the economy was recovering and growing.
Then when the Republicans raised taxes, that threw country back into recession and the stock market recovered.
Then the Democrats repealed the taxes and the economy started recovering, but the stock market collapsed (again).
And you played that game all through the 1930s right up to 1942.
And while the economy floundered during the 1959-1961 recession, your stock market broke records, then when the economy recovered, your stock market collapsed (and lost 25+% of its value).
Ever since your stock markets were founded in 1896, that has been the case throughout your history.
I would even suggest that if you are looking for a signal to the end of this current recessionary period, look for the stock market to collapse about 40%-50%, and the longer the stock market suffers, the stronger your recovery will be.
The stock market has never been an indicator of the health of the economy. It only shows you where investors believe future profits will be made and where Capital may be reallocated (and I'm talking about serious investors -- not Joe McTrader).
Stock market is one of the indicators in the Economy. It means people are buying more then selling which drives the market upwards.
How much buying is done by actual people?
At any rate, corporations can do quite well while the people suffer in this country. As long as they axe enough people, they can turn a profit even with reduced sales. There are always workers in India and China to reduce labor costs as well. Aside from that, companies like GE record huge sales in foreign markets these days, so America is becoming less important in the global market.
Not when the jobs report came out plus NASDAQ finished in positive.
It was one of the greatest weeks since 2009.
I repeat, the market ended flat. The NASDAQ did not even gain 1 full point. The week might have ended great, but that all happened BEFORE the unemployment numbers came out. The unemployement numbers had absolutely nothing to do with the stock market. If it really did, you would have saw at least a 100 + point close on Friday. That didn't happen.
Incorrect. The Stock Market is more out of touch with what is actually happening on Main Street and everywhere else more than ever. You seem to forget about all of those millions of jobs that have disappeared that haven't been recovered.
There are more buyers then sellers which means people have money.
Unemployment is not too bad in other states though.
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