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Jase

Unemployment down to 7.5%,Dow Industrials hits 15,000 for first time, S&P hits 1600 for first time

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All in one day.

 

Thank you, president Obama!

 

Payrolls expanded by 165,000 workers last month following a revised 138,000 increase in March that was larger than first estimated, Labor Department figures showed today in Washington. The median forecast of 90 economists surveyed by Bloomberg projected a 140,000 gain. Revisions to the prior two months’ reports added a total of 114,000 jobs to the employment count in February and March.

 

The jobless rate dropped to 7.5 percent, the lowest level since December 2008, from 7.6 percent in March.

 

 

http://www.bloomberg.com/news/2013-05-03/u-s-stock-futures-are-little-changed-before-jobs-report.html

 

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Curiously, in April, men lost 90k jobs and women gained 384k jobs

 

Jobs%20by%20Gender.jpg

 

 

and prime age workers (age 25-34) once again lost jobs this month, while 55+ people continue to add to the workforce

 

Jobs%20By%20Age%20Group.jpg

 

 

 

 

which continues the overall trend of increased retirement-aged hiring and languishing by those who are not yet 55

 

 

 

Youngs%20vs%20Old.jpg

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Take the rest of the day off Obama

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and the algorithm traders are like wait there is news? lol

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Take the rest of the day off Obama

 

i think he is way ahead of you

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work hard

 

play hard

 

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Still, after years of sluggish job growth, there are nearly 12 million people unemployed in the U.S. The number of workers on nonfarm payrolls remains nearly 2.6 million shy of the number at the job market's peak, in January 2008, making this the slowest job-market recovery since World War II. At the current pace of job growth, the U.S. economy wouldn't reach full employment until 2021, according to Adam Hersh, an economist at the Center for American Progress, a liberal think tank.

 

 

http://www.huffingtonpost.com/2013/05/03/april-jobs-report-unemployment-rate_n_3207647.html

 

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Unemployment (U6) actually ticked up because of people that stopped looking for jobs. The economy is not healthy at all but slowly continues to inch in the right direction.

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Unemployment (U6) actually ticked up because of people that stopped looking for jobs. The economy is not healthy at all but slowly continues to inch in the right direction.

 

 

Which is what many economist predicted when the current economic malaise began in late 2007/2008, that there would be several years of slow sluggish growth before the economy fully recovere (said before they knew who would be president).  Yet politicians continue to get the majority of the blame/credit for economic performance.

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