Seeking Alpha

June Nonfarm Payrolls: +195K vs. consensus +165K, 195K previous (revised from +175K)....

June Nonfarm Payrolls: +195K vs. consensus +165K, 195K previous (revised from +175K). Unemployment rate 7.6% vs. consensus 7.5%, 7.6% previous.
Comments (18)
  • AZ Desert Trader
    , contributor
    Comments (269) | Send Message
     
    Just remember. Good News = Bad News
    5 Jul 2013, 08:34 AM Reply Like
  • Mike Maher
    , contributor
    Comments (2764) | Send Message
     
    For the moment at least, good news seems like good news. I'm kind of surprised haha
    5 Jul 2013, 08:36 AM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (7161) | Send Message
     
    195K isn't enough Good News to cause problems... Now something like 300K would be the type of Good News that would require an end to tappering.
    5 Jul 2013, 11:38 AM Reply Like
  • Ganeshdindodi
    , contributor
    Comments (75) | Send Message
     
    No No. Good news is good news & band news also good news - more QE is good news.
    5 Jul 2013, 08:35 AM Reply Like
  • mrdirt
    , contributor
    Comments (657) | Send Message
     
    U 6 went up from 13.8 to 14.3.
    5 Jul 2013, 08:39 AM Reply Like
  • bbro
    , contributor
    Comments (10526) | Send Message
     
    Not a bad report...all 4 leading indicators inside the report are still positive...
    5 Jul 2013, 08:49 AM Reply Like
  • OptionManiac
    , contributor
    Comments (3414) | Send Message
     
    Previous months adjusted upward.
    5 Jul 2013, 09:09 AM Reply Like
  • mweaver
    , contributor
    Comments (201) | Send Message
     
    12 mon ave 182k
    steady, if unspectacular
    5 Jul 2013, 09:33 AM Reply Like
  • mrdirt
    , contributor
    Comments (657) | Send Message
     
    Obamacare Strikes: Part-Time Jobs Surge To All Time High; Full-Time Jobs Plunge By 240,000

     

    http://bit.ly/10DK8o7
    5 Jul 2013, 10:07 AM Reply Like
  • WhispersofWisdom
    , contributor
    Comments (94) | Send Message
     
    This jobs report is a disaster already happening.
    5 Jul 2013, 10:39 AM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Um, we are not interested in meaningful details in this thread. Only the headline jobs number.
    5 Jul 2013, 12:51 PM Reply Like
  • psstory
    , contributor
    Comment (1) | Send Message
     
    Less than 80% of male high school students are graduating from high school. Where are they going to work? Eventually, even the landscaping jobs will be automated or taken by legal immigrants who will be willing to work for less money. I guess we can put them in jail after they are forced to steal to feed themselves. Then they will have very expensive food, shelter and medical care.
    5 Jul 2013, 10:24 AM Reply Like
  • Mycroft
    , contributor
    Comments (954) | Send Message
     
    This will all lead to a new paradigm shift that I explain in this article:

     

    http://seekingalpha.co...
    5 Jul 2013, 10:25 AM Reply Like
  • th3decider
    , contributor
    Comments (410) | Send Message
     
    No, you explain that article that you think the economy is wonderful and everything is looking rosy despite all factual evidence.
    5 Jul 2013, 04:03 PM Reply Like
  • mrdirt
    , contributor
    Comments (657) | Send Message
     
    While we already showed that according to the Household survey the quality component of the June jobs report was absolutely abysmal, with part-time jobs representing more than all jobs added in June, we find that according to the Establishment survey things were no better. In fact, as we show month after month, the bulk of the jobs additions were concentrated in the lowest paying industries.

     

    Leisure and Hospitality - one of the lowest wage categories - added the most jobs in June, 75K, or nearly 40% of all jobs added
    Retail Trade jobs - another ultra-low wage category - rose by another 37K, or 20% of the total
    Education, health and temp jobs - no millionaires here either - added another 23K, accounting for yet another 12%.
    In short: 70% of all job additions, or 135K of 195K, in June were for the lowest paying jobs. As for David Tepper's US manufacturing "renaissance": Down 7K in May and down another 7K in June.

     

    http://bit.ly/1cYXz4i
    5 Jul 2013, 10:59 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (6782) | Send Message
     
    Ah yes , providing a link to "zerohedge", well that certainly adds to the credibility of any argument ..

     

    Lets see , Dec '11 S & P, around 1200 when ZeroHedge published an article touting their bearish thesis on the markets, haven t changed since , S & P now 1630. Yep they got it right ,, a great source on the markets - not
    6 Jul 2013, 04:02 PM Reply Like
  • Interesting Times
    , contributor
    Comments (13847) | Send Message
     
    Mostly low paying jobs as well. Not a great report although looking at interest rates you would think so !
    5 Jul 2013, 01:12 PM Reply Like
  • june1234
    , contributor
    Comments (3255) | Send Message
     
    US Corps outsourced more jobs than that overseas
    6 Jul 2013, 09:08 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs