July job gain below estimates


July Nonfarm Payrolls: +209K vs. consensus +233K, +298K previous (revised from 288K).

Unemployment rate: 6.2% vs. 6.1% consensus, 6.1% previous.

Comments (24)
  • fat cat
    , contributor
    Comments (31) | Send Message
     
    Where's Bro Bro?
    1 Aug 2014, 08:41 AM Reply Like
  • bbro
    , contributor
    Comments (10940) | Send Message
     
    No recession signs in these numbers.....but if you want to sell some stuff OK by me
    1 Aug 2014, 08:42 AM Reply Like
  • Petrarch
    , contributor
    Comments (1082) | Send Message
     
    good advice
    please do sell - all that you can. quickly
    P
    1 Aug 2014, 09:02 AM Reply Like
  • mrdirt
    , contributor
    Comments (746) | Send Message
     
    No Recovery either, wages flat. Leisure and Hospitality food and beverage 21k
    Educational and health all gain were from social assistance 17k,
    Business Services or temp and part time 47k Transportation and warehousing
    7.9k Retail 26.7. Total for the above (rounding) 120k divided by 198k (Goods producing) or 61% jobs added were in the low paying sectors.

     

    CNBC had the CEO of P&G on he stated that they had 1 million applications for 3k jobs. No Recovery, It may not be a Recession Statistically but we are in a recession. The only hope (no pun intended) in holiday spending.
    1 Aug 2014, 09:10 AM Reply Like
  • fat cat
    , contributor
    Comments (31) | Send Message
     
    Nothing to sell. Just curious is all. I just think the whole thing is a house of cards. When people will borrow money for 72 months to buy a car? Just saying.... And you always seem like a paid Obama cheerleader. Your opinions only seem to go in one direction. Sorry if I misread you!
    1 Aug 2014, 08:50 AM Reply Like
  • bbro
    , contributor
    Comments (10940) | Send Message
     
    What has Obama got to do with it ?? Investing based on political beliefs is a surefire road to investment underperformance.....
    1 Aug 2014, 09:03 AM Reply Like
  • SoCalNative+(RIP)
    , contributor
    Comments (646) | Send Message
     
    Fatcat,
    Bbro is somewhat of an enigma around here if you ask me. Took me well over 2 years to realize that he's not trying to be a wiseacre or antagonist. I think he is totally data driven and one of the most apolitical chaps here at SA.
    1 Aug 2014, 09:11 AM Reply Like
  • jhooper
    , contributor
    Comments (7287) | Send Message
     
    Well, there is always these cheerleaders.

     

    http://bloom.bg/1yRksDy
    1 Aug 2014, 09:11 AM Reply Like
  • dnorm1234
    , contributor
    Comments (1111) | Send Message
     
    >when people will borrow money for 72 months to buy a car?

     

    Why should I pay back 0% money over 4 years when i can take 6? That makes no sense.
    1 Aug 2014, 09:26 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14481) | Send Message
     
    DNORM

     

    Buy a GM and you might not even be alive by that 7th year ..Just sayin...
    1 Aug 2014, 11:31 AM Reply Like
  • MikeH007
    , contributor
    Comments (7) | Send Message
     
    According to Obama himself, he has everything to do with what the economy does, him and Big Government. Invite him to be an SA contributor ; -)
    2 Aug 2014, 11:03 AM Reply Like
  • mrdirt
    , contributor
    Comments (746) | Send Message
     
    I agree, the Warren Buffet Philosophy, when everyone is selling, time to buy.
    3 Aug 2014, 12:34 PM Reply Like
  • ArnieW
    , contributor
    Comments (4078) | Send Message
     
    Does the street like these numbers?
    1 Aug 2014, 08:50 AM Reply Like
  • 5981831
    , contributor
    Comments (30) | Send Message
     
    yes, they do.

     

    futures recovered after the numbers
    1 Aug 2014, 08:53 AM Reply Like
  • mrdirt
    , contributor
    Comments (746) | Send Message
     
    Of course the street likes it, bad news is good news, they are hoping the FED will hold off increasing rates.
    1 Aug 2014, 09:13 AM Reply Like
  • toltec
    , contributor
    Comments (58) | Send Message
     
    Do they?
    1 Aug 2014, 09:21 AM Reply Like
  • Angel Martin
    , contributor
    Comments (1364) | Send Message
     
    ahe: another inflation indicator below consensus
    1 Aug 2014, 08:56 AM Reply Like
  • gofx
    , contributor
    Comments (1577) | Send Message
     
    Too many retirees hanging off the back end of unemployment as long as they can on the way out? ;)
    1 Aug 2014, 09:30 AM Reply Like
  • mrdirt
    , contributor
    Comments (746) | Send Message
     
    Old Workers Hit New Record High As Jobs For Key 25-54 Age Group Slide By 142K another month, another case where the primary age group of the US work force, those aged 25-54, gets shafted. According to the BLS' household survey, while overall July jobs rose, if modestly less than the 209K revealed by the establishment survey, there was no joy for those aged 25-54: historically the most important and highest earning age group (in case anyone is wondering where all that missing average hourly earnings growth is) within the US labor force. As the chart below shows, while all other age groups posted a jobs uptick, it was those 25-54 that saw a 142K jobs decline in the past month. http://bit.ly/1lkg4oE
    1 Aug 2014, 04:13 PM Reply Like
  • James Bjorkman
    , contributor
    Comments (2638) | Send Message
     
    We all know that whatever they report - the consensus will be that it is good news.

     

    So unemployment rate fell? Good news. Oh wait, the unemployment rate rose - good news!

     

    That's how it goes. Trying to read anything else into the numbers these days is pointless - it's good news. That's the answer. Always.
    1 Aug 2014, 10:00 AM Reply Like
  • D. Appleton & Company
    , contributor
    Comments (699) | Send Message
     
    It was good news IMO. More people entered the labor force. Job increases of 200,000+ month after month is very good. Check out the history on bls.gov. We're near 2005-2006 levels.
    1 Aug 2014, 07:44 PM Reply Like
  • MikeH007
    , contributor
    Comments (7) | Send Message
     
    1Q Neg 2.9% revised to neg 2.1% jumps to positive 4% in 2Q. Then job report falls some 30K short of expects and unemployment ticks up to 6.2% and the DJIA drops 2.74 for the week and home ownership lowest since 1995.
    With due respect to Emmanuel's posting his opinion that "we're near '05-'06 levels and 200,000 new jobs is "very good" says it all. We have lost a decade of productivity below those levels. 25 million Americans are unemployed. 54 American families are on Foodstamps and Emmanuel believes it's all good ? Really ?
    If this ia what Americans expect and call "very good" then this will become the new reality. Good luck
    2 Aug 2014, 11:02 AM Reply Like
  • James Sands
    , contributor
    Comments (2452) | Send Message
     
    Isn't good or bad news dependent on whether you have positive or negative mindset?
    2 Aug 2014, 03:09 PM Reply Like
  • roneth ozarraga
    , contributor
    Comments (184) | Send Message
     
    cant understand those fool investor selling stocks, because the fed will raise interest rate...what the will do? put the money in CD or time deposit for lets say 2-3 % a year??????
    3 Aug 2014, 02:27 AM Reply Like
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