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Old 09-06-2012, 06:02 PM   #1
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Default Labor Market Measures Show Strength

good news for Obama and Bad news for Romney.

Labor Market Measures Show Strength
Quote:
http://www.foxbusiness.com/news/2012...y-jobs-report/
Private-sector jobs in the U.S. increased by 201,000 last month, according to a Thursday report calculated by payroll processor Automatic Data Processing Inc. (ADP) and consultancy Macroeconomic Advisers. The number was well above the 145,000 expected by economists.

Meanwhile, initial jobless claims were down 12,000 to a seasonally adjusted 365,000 in the week ended Sept. 1, the Labor Department said. It was the first decline in four weeks and also beat economists' forecasts.
Quote:
Hope rises for August jobs report - Economic Preview - MarketWatch

Earlier this week, economists surveyed by MarketWatch forecast the U.S. added a weak-to-moderate 120,000 jobs in August, down from an initial estimate of 163,000 in July.
Read comprehensive MarketWatch calendar.
After the morning’s data were released, economists pushed up their forecast to 125,000.

The unemployment rate is expected to remain steady at 8.3%, just where it was at the beginning of the year. The unemployment rate has been above 8% for 42 months.

The higher jobs forecast was spurred after data released Thursday by payrolls processor Automatic Data Processing Inc. showed private-sector payrolls rose by 201,000 in the month, led by small businesses and the service-providing sector, beating Wall Street’s expectations.

This is the largest employment gain in the ADP survey in five months.
See full story on ADP survey.
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Old 09-06-2012, 07:32 PM   #2
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Default Re: Labor Market Measures Show Strength

I don't get too up or down anymore regarding month to month reports.

Especially our govt's job/unemployment report. Keep in mind that report counts people working 1 hour/week as employed.

Since we can't sustain or grow our economy by ourselves, all we need to do is read the reports on Europe, China and Australia (all tanking...except for China, that means growing at just 5%).
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Old 09-06-2012, 07:36 PM   #3
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Default Re: Labor Market Measures Show Strength

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Originally Posted by PatriotsReign View Post
I don't get too up or down anymore regarding month to month reports.

Especially our govt's job/unemployment report. Keep in mind that report counts people working 1 hour/week as employed.

Since we can't sustain or grow our economy by ourselves, all we need to do is read the reports on Europe, China and Australia (all tanking...except for China, that means growing at just 5%).

1 hr ... ... how many of them to screw in a light bulb PR
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Old 09-06-2012, 09:24 PM   #4
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Default Re: Labor Market Measures Show Strength

I'll wait till the day after the jobs report comes out, for the real numbers to be explained more accurately. Last month had the highest seasonal adjustment in years. Furthermore, I read that the service sector always has a good august because of vacations, and back to school related industries. The problem currently, is manufacturing, where the index was down under 50 for a 4th consecutive month.
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Old 09-06-2012, 09:28 PM   #5
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Default Re: Labor Market Measures Show Strength

Good stuff.

This is better news than the normal news.
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Old 09-06-2012, 10:18 PM   #6
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Default Re: Labor Market Measures Show Strength

Too late to make a difference the economic condition is already set in the voters minds. In 1992 Q3 growth was 4%+ too late to help daddy Bush.

the projected Aug number accounts for people entering the workforce by isn't reducing the total number of unemployed people. The spin will be fun to watch.
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Old 09-06-2012, 11:11 PM   #7
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Default Re: Labor Market Measures Show Strength

Too little too late. Perhaps if Obama didnt fiddle with Obamacare for over 2 years things might be better today.

Obama and Crazy Joe will face the wrath of unemployed voters and those hanging on to any job that they can find in November. Bet on it.

Time to give Romney and Ryan a chance at the jobs problem.


“Anything stimulative is almost surely off the table,” one of Obama’s former economic advisers, Jared Bernstein, said in an email Thursday. If he’s right, that’s terrible news for the unemployed. As of July, the economists at the Hamilton Project projected the U.S. economy was still 11.3 million jobs short of returning to pre-recession employment levels. Even if we somehow started growing at the red-hot pace of the 1990s, those projections say, that gap wouldn’t be closed until 2016.

Two Conventions Down, No Signs of Quick Help for the Jobless - NationalJournal.com
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Old 09-07-2012, 01:04 AM   #8
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Default Re: Labor Market Measures Show Strength

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Originally Posted by Triumph View Post
Too little too late. Perhaps if Obama didnt fiddle with Obamacare for over 2 years things might be better today.

Obama and Crazy Joe will face the wrath of unemployed voters and those hanging on to any job that they can find in November. Bet on it.

Time to give Romney and Ryan a chance at the jobs problem.


“Anything stimulative is almost surely off the table,” one of Obama’s former economic advisers, Jared Bernstein, said in an email Thursday. If he’s right, that’s terrible news for the unemployed. As of July, the economists at the Hamilton Project projected the U.S. economy was still 11.3 million jobs short of returning to pre-recession employment levels. Even if we somehow started growing at the red-hot pace of the 1990s, those projections say, that gap wouldn’t be closed until 2016.

Two Conventions Down, No Signs of Quick Help for the Jobless - NationalJournal.com

Lower taxes on the rich, get rid of min wage no equal pay for women and TA DA! Everything is fixed!!!

Sometimes doing the unpopular thing is the right thing, government can't create private sector jobs, all they can do is make it easier on them.....DUH.......

You go and vote for Ryan and that other d-bag, and see where it get's you.....its like Bush all over again......

"There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again." —
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Old 09-07-2012, 01:22 AM   #9
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Default Re: Labor Market Measures Show Strength

Quote:
Originally Posted by Ilikehappyppl View Post
Lower taxes on the rich, get rid of min wage no equal pay for women and TA DA! Everything is fixed!!!

Sometimes doing the unpopular thing is the right thing, government can't create private sector jobs, all they can do is make it easier on them.....DUH.......

You go and vote for Ryan and that other d-bag, and see where it get's you.....its like Bush all over again......

"There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again."
I like this quote. I think he was on to something. I will let you reread it a few times to figure it out
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Old 09-07-2012, 01:26 AM   #10
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Default Re: Labor Market Measures Show Strength

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Originally Posted by Hamar View Post
I like this quote. I think he was on to something. I will let you reread it a few times to figure it out

Oh very clever,


lol, yea you could say that about Mr.O but you could say the same about "Filp Flop" Mitt.....


You do know Bush was a business man too right? Same as Romney, they both were very successful, both had rich daddy's......lol ill let you reread this a few times, to figure it out.
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