U.S. Economy Added 203K Jobs In November, Unemployment Down To 7%

christiefan915

christiefan915

Catalyst
Have at it, righties. Tell me how this news *really* sucks.

"Investors were waiting with bated breath for the November jobs report, anxious to see what the new numbers would indicate about Federal Reserve tapering.

Employers added 203,000 jobs in November, above the 180,000 economists expected. The unemployment rate, which is drawn from a different survey of households, was down to 7% from 7.3% in October. The labor force participation rate was up slightly to 63% from 62.8%.

Following the news the S&P 500 added about 18 points to 1,800 in pre-market trading. The Dow added about 143 points to 15,960...

...this is the second month in a row of better-than-expected jobs reports. Baird says this “raises the odds that the Fed could commence the tapering process for their bond purchase program in the near-term” meaning the positive economic news may not be good for investors in the short term...

...The health care, transportation/warehousing and manufacturing industries all added significantly to the jobs number in November. The largest gains were in transportation and warehousing, which rose by 31,000 with jobs added for couriers, truck transportation and warehousing storage. Blitz cautions against putting too much weight in these increases because they may be largely holiday related and temporary. While the Bureau of Labor Statistics does make seasonal adjustments Blitz is not convinced it has caught up to the growth of online shopping. “Every year more and more stuff is purchased online. So the Amazons, the other online guys and the people who deliver packages need to hire more people than they did last year to do the job.”

http://www.forbes.com/sites/samanth...203k-jobs-in-november-unemployment-down-to-7/
 
When Obama took office there were 80,507,000 not in the labor force, and as of the end of November, there were 91,273,000 not in the labor force.

When the 150,000 jobs needed per month to keep pace with population growth is subtracted from 203,000, the numbers are 53,000, and this does not include the people who dropped off unemployment rolls and were not counted.

The labor force participation rate for November was 63%, the lowest it has been since Carter was president.
 
Asa said:
When Obama took office there were 80,507,000 not in the labor force, and as of the end of November, there were 91,273,000 not in the labor force.

When the 150,000 jobs needed per month to keep pace with population growth is subtracted from 203,000, the numbers are 53,000, and this does not include the people who dropped off unemployment rolls and were not counted.

The labor force participation rate for November was 63%, the lowest it has been since Carter was president.
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Nice handy talking point
Water carry much
 
The Dude said:
Nice handy talking point
Water carry much
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I must say, yours is one of the most compelling and thought provoking rebuttals I have come across. It stopped me in my tracks. Before you take an inordinate amount of time crafting your next esoteric and well researched reply, try navigating your way through the myriad data as I did and try to actually refute what I stated. Link. Enjoy.
 
Asa said:
I must say, yours is one of the most compelling and thought provoking rebuttals I have come across. It stopped me in my tracks. Before you take an inordinate amount of time crafting your next esoteric and well researched reply, try navigating your way through the myriad data as I did and try to actually refute what I stated. Link. Enjoy.
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The market went up 200 points today because wealthy people know the recovery is on much sounder footing now.
 
The Dude said:
The market went up 200 points today because wealthy people know the recovery is on much sounder footing now.
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Is that why the market went up? Was it because of the wealthy? One month of a couple of thousand jobs, which was primarily a correction of the poor report in October from the government shutdown. Add the two months together and it is a negative number.

I took the liberty of navigating the BLS website for you since you seemed to be adverse to research. Explain this to me:

Screenshot_1.jpg
 
Asa said:
Is that why the market went up? Was it because of the wealthy? One month of a couple of thousand jobs, which was primarily a correction of the poor report in October from the government shutdown. Add the two months together and it is a negative number.

I took the liberty of navigating the BLS website for you since you seemed to be adverse to research. Explain this to me:

View attachment 2429
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Yes rich people buy stocks and it's Been over 150,000 for a long time!
Only a partisan hack parses numbers like you
Water carrier
 
It isn't a bad report but it isn't anything to pop champagne over. I think it is a great representation of how shitty Obamas economy that the lefties masturbate over a number that is indicative of a stable economy not a growing one
 
I Love America said:
It isn't a bad report but it isn't anything to pop champagne over. I think it is a great representation of how shitty Obamas economy that the lefties masturbate over a number that is indicative of a stable economy not a growing one
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It's up 200 after you called for a short
As usual
 
The Dude said:
Yes rich people by stocks and it's Benin over 150,000 for a long time!
Only a partisan hack parses numbers like you
Water carrier
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That chart came directly from the BLS website. But, perhaps you can tell me what is partisan parsing about the labor force participation percentage by those partisan hacks at the BLS?

You seem like a fellow that spends extraordinary lengths of time researching before posting, what is the percentage of total dollars in the market connected to mutual funds, retirement accounts, IRAs, etc.? You do know the breathtaking DOW numbers today are only 30 companies out of 1000s, right?
 
The Dude said:
I love America came out with a forecast to short!
Two positive indicators
Market up 200 points
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I guess he forgot it was about a month until Christmas and retailers always hire extra help this time of year. And since the market is up I guess others forgot this as well. I think it is referred to as seasonal employment.
 
Asa said:
When Obama took office there were 80,507,000 not in the labor force, and as of the end of November, there were 91,273,000 not in the labor force.

When the 150,000 jobs needed per month to keep pace with population growth is subtracted from 203,000, the numbers are 53,000, and this does not include the people who dropped off unemployment rolls and were not counted.

The labor force participation rate for November was 63%, the lowest it has been since Carter was president.
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If the participation rate was up slightly from 62.8% to 63% in November, wouldn't the 62.8% percent have been lower and therefore if no other month was lower, the lowest rate since Carter? Or in your upsidedown world is it in fact conceivable that 62.8% is actually larger than 63%? Most of us learned a different system but you may had more enlightened teachers who taught you some new, new, new, new, math! Carry on!
 
The Dude said:
The market went up 200 points today because wealthy people know the recovery is on much sounder footing now.
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Or something! There are a lot of reasons wealthy people do things. Not all of them are related to a healthier economy sometimes they just get exuberant and start buying everything they see! This kind of behavior generally comes before a crash but not always. If they start raising the market 200 points a day for 3 or 4 weeks I would certainly start to wonder!
 
NOVA said:
.2% stopped participating......unemployment rate down .3 %

Whats the mean christiefan ?
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For what, the hundredth time?, baby boomers are retiring/going on disability at an astonishing rate. I believe I quoted the number retiring a few months ago at 100k per week?

Thanks to that, and rapid technological and IT growth, the job market is markedly different than ten years ago.

But you just go ahead and blame the niggrah for folks getting old. At least they have Obamacare to keep them alive longer.
 
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