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"Job creation moved forward again in November, with the U.S. economy adding a better-than-expected 203,000 to the employment rolls in news likely to cloud the future of monetary policy.
The unemployment rate fell to 7 percent.
Economists were expecting the Bureau of Labor Statistics to report 180,000 new jobs created in November, down from an initially reported 204,000 in October. The unemployment rate was expected to decline a notch to 7.2 percent from 7.3 percent..."
Sounds like taper may come sooner rather than later.
And it may go up again when the administration does something else. Or, it may go down again. Nobody here knows what it will do and to say you do is disingenuous at best.
Let's see what happens when 1.The Q.E. stops. 2.Employer ACA mandates kick in. 3.Interest rates shoot up (when Q.E. ends). 4. Stock market dumps (again when Q.E. artificial support ends). 5. Unemployment extensions finally end.
LOL
Dream on as your flail about looking for some "theoretical" bad scenario.
I'll stick with what has been and is ACTUALLY HAPPENING.
This is good news for the White House, I would surmise. It has been a tough few weeks. This week though has brought good news with the performance of the economy and the healthcare website both exceeding expectations.
Seriously??? Who's expectations? If you mean exceeding expectations by that the site actually stays up more than it's down then I guess you could say that. If you mean exceeding in that the website still doesn't work on the back end and that the feds are going to just cut a huge check to the insurance companies because the system can't figure out how much people owe or how to get payment from one to the other then yes, it's exceeding ALL expectations.
Single payer in one fell swoop without ever leaving ACA!
Just because you don't like the numbers (shame on you, cheering for the ruin of America and your fellow citizens) doesn't make them true. Besides, even the U6 rate is down, so poopoo on you
It's not that I don't like the numbers. It's that I don't trust the source of the numbers.
Some numbers are easily verified. A $5 thermometer will tell you that your local weatherman is right, and a trip to your bank will verify that the posted mortgage rates are correct.
Some numbers carry political capital, and those numbers are not that easy to determine. It's like those people who believe that the stock market is an accurate reflection of the economy -- yet refuse to believe that the QE spending has anything to do with the success of the market.
LOL
Dream on as your flail about looking for some "theoretical" bad scenario. I'll stick with what has been and is ACTUALLY HAPPENING.
Ken
You mean the readjustment of figures (usually UP) every time? If you're going to believe the glowing prognostications of the administration then you have to at least agree that they could be wrong based on basic economics.
When you quit propping up something it may very well fall again. This administration seems overly adept at ignoring those pesky unintended consequences as shown over and over again.
It's not that I don't like the numbers. It's that I don't trust the source of the numbers.
Some numbers are easily verified. A $5 thermometer will tell you that your local weatherman is right, and a trip to your bank will verify that the posted mortgage rates are correct.
Some numbers carry political capital, and those numbers are not that easy to determine. It's like those people who believe that the stock market is an accurate reflection of the economy -- yet refuse to believe that the QE spending has anything to do with the success of the market.
So true. Most people don't understand the stock market has been manipulated to these levels by FED intervention. The stock market will tank as soon as QE removed. There will be some serious pain IF and when a taper ever happens.
"Job creation moved forward again in November, with the U.S. economy adding a better-than-expected 203,000 to the employment rolls in news likely to cloud the future of monetary policy.
The unemployment rate fell to 7 percent.
Economists were expecting the Bureau of Labor Statistics to report 180,000 new jobs created in November, down from an initially reported 204,000 in October. The unemployment rate was expected to decline a notch to 7.2 percent from 7.3 percent..."
Sounds like taper may come sooner rather than later.
The more comprehensive U-6 UE rate took an even bigger drop from 13.8% to 13.2%
Ken
The unemployment U3 and U6 numbers are now officially meaningless. If we are looking for an improving economy, 200,000 jobs is not enough to do anything but keep pace with and maintain the current level, and in some months it barely does that. so when 200,000 drops the numbers by three points, it only means our work force is dropping dramatically, or the BLS is cooking manipulating the data.
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