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Feb. Nonfarm Payrolls: +192K vs. consensus +185K, +63K prior (revised). Unemployment 8.9% vs...

Feb. Nonfarm Payrolls: +192K vs. consensus +185K, +63K prior (revised). Unemployment 8.9% vs 9.1% expected, 9% prior. Avg. hourly earnings +$0.01. to $22.87.
Comments (24)
  • cynic2011
    , contributor
    Comments (652) | Send Message
     
    Revisions all to the upside, private employment up, government employment down. Bullish for real growth,but now the Fed can end QEII, bearish for interest rates and the market.
    4 Mar 2011, 08:35 AM Reply Like
  • Harry Tuttle
    , contributor
    Comments (2221) | Send Message
     
    The Fed has shown no inclination to end QE2, rule out QE3 (or 4), or change any policy.

     

    If History is any guide. They say they need "confirmation," or something to that effect.
    4 Mar 2011, 08:40 AM Reply Like
  • The Wild Hog
    , contributor
    Comments (134) | Send Message
     
    there is not going to be any more QE. Period
    4 Mar 2011, 08:53 AM Reply Like
  • Plan B Economics
    , contributor
    Comments (1138) | Send Message
     
    Real unemployment is near 20%.

     

    Here's a chart showing the REAL unemployment rate:

     

    www.planbeconomics.com.../
    4 Mar 2011, 11:58 AM Reply Like
  • cynic2011
    , contributor
    Comments (652) | Send Message
     
    the market doesn't seem to agree,at least today.
    4 Mar 2011, 03:52 PM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    a clear sign the end is nigh.

     

    catastrophic, horrible, horrible numbers

     

    there is no recovery, there is no recovery, there is no recovery

     

    E
    4 Mar 2011, 08:35 AM Reply Like
  • Harry Tuttle
    , contributor
    Comments (2221) | Send Message
     
    Ah! the beauty of intellectual dishonesty. Two years after the recession ended and million of Americans still out of work. I forgot. Bernanke saved your company. That is the only thing that matters.
    4 Mar 2011, 08:38 AM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    You are a piece of work. I love seeing the fools twisting in the wind finding any reason to hate the world as the positive data mounts. So much better to be right than rich. Isn't that it? So we can all just be poor and pure together. The Fed's job was to defend the dollar - not people - not the economy - the money was to be defended - at all costs - better turn back the clock to Isaac Newton and define it in terms of a weight of gold - that is what he did with the Pound Sterling - that's what these idiots like the Moron Ron Paul want - crush the economy but be pure - 1930's style. It would have just felt so much better. BTW did anyone catch the little performance by Moron Paul this past week? He is not disappointng

     

    Bernanke saved the US economy and most likely the World. Objective Fact Get used to it and get over it.

     

    So sure Harry. I am hiring. Does that make you angry? Sure sound like it. What are doing?

     

    Even better. This week. We just bought a little company this past week. I went out and talked to the employees. They were all anxious as anyone would be in this situation

     

    My message to them is the same message I post on these forums.

     

    We are in growth mode - the world is getting better and we are growing and we bought them to invest and grow the business. Everyone in the room has management potential since we grow them organically.

     

    Evidently that little scenario is being repeated over and over around the US - thanks to the Fed policies - over time all those people will be put back t work. I am sure I am going to hire some of them.

     

    E
    4 Mar 2011, 08:59 AM Reply Like
  • Art Trader
    , contributor
    Comments (120) | Send Message
     
    Have you considered the possibility that your situation is merely anecdotal evidence? Was business so lucrative for the person who sold out to you? Seems the bird in hand was better than future earnings to him! Don't be so sure of yourself and the information provided by your personal experiences.
    4 Mar 2011, 09:06 AM Reply Like
  • Cincinnatus
    , contributor
    Comments (4446) | Send Message
     
    "I love seeing the fools twisting in the wind finding any reason to hate the world as the positive data mounts."

     

    I think the response to your delusion would be "you are a piece of work" and appropriately you've covered that already above.

     

    And to be precise, it's "as the less negative data mounts."
    4 Mar 2011, 09:09 AM Reply Like
  • Harry Tuttle
    , contributor
    Comments (2221) | Send Message
     
    Funny. A well know Wall Street investor (a name you would recognize) told me in 2003 (literally): "Greenspan saved Western Civilization"." You should ask those who lost their ENTIRE savings because of the bubble he created in Real Estate, credit and, YES, the stock market.

     

    This country used to be a model to the world and now is going the way of a third world country with an economic elite and a political partner controlled by the same to go with it.

     

    In my opinion, you are like so many in Wall Street who want confuse their luck with brains. Keep dancing.
    4 Mar 2011, 09:17 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6368) | Send Message
     
    Copywriter. The adjoining post stated that the consensus number was 185K. Are there two of you?
    4 Mar 2011, 08:35 AM Reply Like
  • AxiosCap
    , contributor
    Comments (301) | Send Message
     
    2.7M people marginally attached and not counted as unemployed.
    Labor Force Participation unch at 64.2%
    Emp-Pop ratio unch at 58.4%
    Avg Workweek unch at 34.2
    Birth/Death Adjustment +112,000

     

    Again this report shows next to no improvement.
    4 Mar 2011, 08:41 AM Reply Like
  • Art Trader
    , contributor
    Comments (120) | Send Message
     
    Expectations were 196,000 - why didn't that make the headlines? Or Goldman's 200,000 target?
    4 Mar 2011, 08:41 AM Reply Like
  • Terry330
    , contributor
    Comments (870) | Send Message
     
    Lets keep the turn around crew ( Democrats ) in Washington for future growth and prosperity.
    4 Mar 2011, 08:43 AM Reply Like
  • innerchallenges
    , contributor
    Comment (1) | Send Message
     
    ECB's message to the market is that in rates will go up in March followed by a stop to ECB funding of banks. Not only is this a reminder that "free money days" could be over soon, but makes you wonder who will now fund risk assets. The fed will feel the pressure!!
    4 Mar 2011, 08:51 AM Reply Like
  • Cincinnatus
    , contributor
    Comments (4446) | Send Message
     
    I seem to recall an article a while back that stated 125k per month were needed just to keep up with the growth of the labor force, and that for any kind of a real recovery we should be at 250 to 300k per month. This is anemic growth at best and the unemployment rate number isn't believable as a real reflection of the number of unemployed that are not looking or given up. The shockingly high number on food stamps is more believable.
    4 Mar 2011, 09:03 AM Reply Like
  • David A Fischer
    , contributor
    Comments (109) | Send Message
     
    Add to that most of those numbers were simply Jan add ons because it was so cold in Jan. The numbers are false and a .2 drop? Charlie Sheen looks sane compared to that rhetoric. Very bearish numbers all the way around.

     

    I might add it hardly matters wether they are truly bearish or bullish or end of world, money is flooding the system lifting stocks, as long as qe2 and so on go on, stocks will rise regardless of rediculous numbers.
    4 Mar 2011, 09:05 AM Reply Like
  • Mad_Max_A_Million
    , contributor
    Comments (1174) | Send Message
     
    T-330? Have you ever heard the term Pseudo-retard used in your presence?
    It refers to a person that sounds like a retard, but may actually be some quasi-normal Joe just looking to attract attention.
    4 Mar 2011, 09:14 AM Reply Like
  • 4rdvark
    , contributor
    Comments (22) | Send Message
     
    You guys just fell behind CNBC: www.cnbc.com/id/41583533, safe enough now?
    4 Mar 2011, 09:32 AM Reply Like
  • mirkotoscano
    , contributor
    Comments (102) | Send Message
     
    Game over QE2...at June is over or maybe in September.
    But it will be temporarily, i don't think economy can do without it at the moment therefore Bernie will hurry up putting it back in coming quarters.
    4 Mar 2011, 09:33 AM Reply Like
  • Angel Martin
    , contributor
    Comments (1355) | Send Message
     
    Another data point for the doom boys. The household survey has non-ag wage and salary employment up 500K.

     

    www.bls.gov/news.relea...

     

    That series is volatile, but it is up 1 mil+ since feb 2010. Not great growth, but it is growing.

     

    We may have a spring selloff due to mideast/ euro debt problems, but the North America growth trend is up, the profit trend is up, and the trend for the market will be up.
    4 Mar 2011, 10:51 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3531) | Send Message
     
    Whew! Good news. So glad to see McDonalds and Wal-Mart hiring on so many. May not be the greatest jobs but if you're looking for quantity and not concerned about quality, you can be happy. I think I did hear about some well-paid stevedores in California being called back to work to handle incoming shipments.
    4 Mar 2011, 03:18 PM Reply Like
  • stitchrock
    , contributor
    Comments (22) | Send Message
     
    From Econdoc: "Evidently that little scenario is being repeated over and over around the US - thanks to the Fed policies - over time all those people will be put back t work. "

     

    'Soylent Green is PEOPLE!'

     

    From Angel Martin: "and the trend for the market will be up..."

     

    ...until the easing stops.
    Do some real research on correlations between markets and QE policy.
    Its very illuminating.

     

    RE: Official Gov Unemployment numbers? bwahahaha...ha...
    Funny and distressing at the same time.
    5 Mar 2011, 08:48 AM Reply Like
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