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


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#1 Jase

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Posted 03 May 2013 - 09:29 AM

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...obs-report.html

 



#2 Jase

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Posted 03 May 2013 - 09:45 AM

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



#3 Panthro

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Posted 03 May 2013 - 09:50 AM

Take the rest of the day off Obama



#4 pstall

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Posted 03 May 2013 - 09:50 AM

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



#5 pstall

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Posted 03 May 2013 - 09:51 AM

Take the rest of the day off Obama

 

i think he is way ahead of you



#6 Panthro

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Posted 03 May 2013 - 09:52 AM

work hard

 

play hard

 



#7 Panthers_Lover

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Posted 03 May 2013 - 11:34 AM

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.huffingto..._n_3207647.html

 



#8 g5jamz

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Posted 03 May 2013 - 11:37 AM

laser focus



#9 Happy Panther

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Posted 03 May 2013 - 11:50 AM

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.



#10 Davidson Deac II

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Posted 03 May 2013 - 12:43 PM

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.



#11 Jase

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Posted 03 May 2013 - 12:50 PM

we are so blessed to have Obama's leadership.



#12 g5jamz

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Posted 03 May 2013 - 12:53 PM

I sense sarcasm.



#13 stirs

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Posted 03 May 2013 - 01:21 PM

Can't find a job? Go on disability. You get paid for doing nothing and the unemployment rate goes down.

Win, Win.

#14 pstall

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Posted 03 May 2013 - 01:23 PM

I'm going to refrain from giving an economic diagnosis.

#15 twylyght

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Posted 03 May 2013 - 02:01 PM

QE infinity = "Awesome Stocks"

Not being counted against employable metrics = "awesome jobs recovery"

 

Do we actually believe that the economy is getting better for those in the middle and below?




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