April Nonfarm Payrolls: +244K vs. +185K expected, +216K in March. Unemployment 9% vs. 8.8%...


April Nonfarm Payrolls: +244K vs. +185K expected, +216K in March. Unemployment 9% vs. 8.8% expected, 8.8% prior.
Comments (9)
  • SA Eli Hoffmann
    , contributor
    Comments (1005) | Send Message
     
    Fade the bounce, or ride it?
    6 May 2011, 08:37 AM Reply Like
  • The Enterprising Value Inve...
    , contributor
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    another month of 200k+ jobs

     

    private payrolls were up to 268K....
    6 May 2011, 08:37 AM Reply Like
  • Russ Schultz
    , contributor
    Comments (6) | Send Message
     
    Let's RIDE!
    6 May 2011, 08:42 AM Reply Like
  • The Enterprising Value Inve...
    , contributor
    Comments (571) | Send Message
     
    both March and Feb were revised upward. Three straight months of 200k+ jobs
    6 May 2011, 08:51 AM Reply Like
  • CharlieM
    , contributor
    Comments (149) | Send Message
     
    Eli,
    I'm not wanting to be a mugwump but I am taking a wait and see attitude right now. There are TOO many things to be considered to just react. I'm watching commodities. especially oil and gas futures. Having modest increases in payrolls and better than expected new jobs is good. BUT, unemployment is up and as is usual if oil recovers above $100/bbl too quickly consumers will not be spending on durable goods. I want to see some stronger improvement in unemployment and a hold below $100/bbl on oil for a week or better. Too I would like to see a gentle and sustained rise in the dollar value. I am still looking to see what happens with the sesation of QE2 and investor reactions to it as well.
    For me I am inclined to the ride it with reservations.
    6 May 2011, 08:55 AM Reply Like
  • Bigwavedave
    , contributor
    Comments (9) | Send Message
     
    Rise in uniployment came from Goverment layoffs.
    6 May 2011, 09:08 AM Reply Like
  • CharlieM
    , contributor
    Comments (149) | Send Message
     
    This may be true. However if it is then it is just the tip of the iceberg in that case.
    6 May 2011, 09:11 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6356) | Send Message
     
    The new normal. 8% unemployment is now our target for "full employment."
    6 May 2011, 09:20 AM Reply Like
  • Non-Plused
    , contributor
    Comments (101) | Send Message
     
    244,000 new jobs for the month of April 2011. That is above the required 225,000 needed each month for sustainability. However, On April 19, 2011 McDonalds had its McJobs day and hired 60,000. However, if you subtract out 55,000 those jobs because they are dead end and not capable of proving sustainable wages for an adult you are left with 189,000 new jobs. That is below what is required.
    8 May 2011, 08:35 AM Reply Like
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