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Feb. Nonfarm Payrolls: +227K vs. consensus of +215K, +284K (revised from 243K) in Jan....
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Friday, March 9, 2012, 8:30 AM ETFeb. Nonfarm Payrolls: +227K vs. consensus of +215K, +284K (revised from 243K) in Jan. Unemployment 8.3% vs 8.3% expected. Average workweek unchanged at 34.5 hours, inline. Average hourly earnings +0.1%.
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Thanks Bernanke - the genius - and the basic vitality of the US
the economy grows despite the Administration which is worth about minus 1% in GDP growth - at the very least.
Obummer is a growth drag. He is suffocating business. Lucky for him is that the US has a natural vitality that is hard to destroy - despite his efforts. The People are not stupid they see this.
Ocarter is the most statist, pandering, non-leader that the US has ever had. He belongs at the UN as Secretary General.
Obama must be defeated.
If you want to return to more vibrant growth and prosperity - instead of this wheezing, sputtering, government is the solution to everything grey world we endure, then Obama must be defeated.
E
As a trend line it tells us that things are getting better.
More telling than the February number is the sizable revision higher to the January number, which gets closer to the sought after 300K number.
As a true conservative, I'd rather not see a fake conservative like Romney/Santorum/Gingrich in office anyway.
It is similar to when Obummer claims that oil and gas production is rising under his administration - so how can he be anti with his policies of moratorium and restriction and contraction? How?
the oil and gas production that is occurring now has its genesis in technology developed 10 to 20 years ago and investment decisions taken at the 5 toq0 years ago. It is a long lead team business.
Obummer does his best to destroy the hydrocarbon industry - but he cannot - now perversely he benefits from it
Similar with the economy.
The People are not stupid. They see through this nonsense. They know that Obummer is the most anti-business - anti-growth President the US has had in their lifetimes.
Obama is a failed Presidency.
Obama must be defeated.
E
"Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes that you can do these things. Among them are a few Texas oil millionaires, and an occasional politician or businessman from other areas. Their number is negligible and they are stupid."
President Dwight D. Eisenhower, l952-----
The reality is that the fiscal stimulus package together with the Fed's aggressive policies saved the US and the world for that matter from a great depression.
I'd rather Obama take the blame for what's coming. He and the Democratic party will own the next 4 years.
Construction added no jobs, retail sales added no jobs. Which means no one is building, no one is buying.
Bars and restaurants did very well, and medical too, manufacturing was up slightly.
I am just glad the unemployment number didn't go up as it would effect an already jittery stock market.
The participation rate has been flat-lining since 08 at around 58%.
No change.
Which also explains the fact, that employment number growth viewed "ex change in population" is zilch, with a gaping hole between 08 and now. I really want to see a recovering USA, but the numbers we're being fed is borderline election year propaganda.
"January, 2012: As unemployment stood at 8.3%, the workforce participation rate was 63.7% – the lowest since records have been kept. "
What would these #'s be if we did subtract those who quit looking for work to the equation?
However any improvement welcome --looking to get to below 8% that the trillion dollar give away guaranteed!
http://bit.ly/x575dt
Now as far as when the information has been broken out into demographic groups (about 20 yrs ago)...yes it is near it's lowest.
ex. 25yr or older with a bachelors or higher.
http://bit.ly/yQP7uw
Obama, the change America needs!
Bernanke will be hailed as a savior in the short run, but ultimately, America's financial system will be completely destroyed as a result of his actions. People found out years after Greenspan retired how much damage he actually helped bring about, and this guy Bernanke is far, FAR more dangerous.
http://bit.ly/wxDrdS