Unreal,,,,,,,,,,,,,,,,,,,,,,,,
Submitted by Tyler Durden on 01/06/2012 08:30 -0500
Unemployment
The nonfarm payroll number prints at 200K on expectations of 155K. The Unemployment rate comes at 8.5% - lowest since February 2009, and down from an upward revised 8.7%. U-6 15.2% down from 15.6% in November. Average hourly earnings rose at 0.2%, in line with expectations, previous revised to -0.1% from unchanged. Private payrolls +212L vs Expectations of 178K. Manufacturing payrolls rose 23K vs Expectations of 155K. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it.
Labor Force Participation Rate:
Persons not in the labor force: an increase of 7.5 million since January 2007:
More,,,,,,,,,,,,,,,,,,,,,,
http://www.zerohedge.com/news/nfp-payrolls-200k-expected-155k-unemployment-rate-drops-85?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Massive Beat? Not So Fast - Morgan Stanley Warns 42,000 "Jobs" Bogus Due To Seasonal Quirk
http://feedproxy.google.com/~r/zerohedge/feed/~3/gvfVt_vUSuU/massive-beat-not-so-fast-morgan-stanley-warns-42000-jobs-due-seasonal-quirk
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
| 