Wall St. Drops After Strong Jobs Report Spurs Fears of an Earlier Rate Increase by Fed

New York Times ^ | 03/06/2015

[Arm_Bears]

What absolute horse sh!t.

If Wall Street thinks those numbers aren’t cooked, then the US has more problems than we realize.

[blam]

[Attention Surplus Disorder]

Several people I yak with intraday are saying exactly the same thing.

It’s one of those bell-ringing moments. What’s kind of interesting is that the $2+ AAPL was up on the news all came off. +.19 on the day.

[Diana in Wisconsin]

Thank you for that chart. I feel all warm and fuzzy now. NOT! ;)

[Ken H]

Ah, so my CDs are not dead. They’re just pining for a rate hike:)

[Busko]

Are they full time jobs?

[Diana in Wisconsin]

“Are they full time jobs?”

Haaaa-Haaa-HA! Haaa-Haaa-HA! Haaaa-Haaa-HA! Haaa-Haaa-HA! Haaaa-Haaa-HA! Haaa-Haaa-HA! Haaaa-Haaa-HA! Haaa-Haaa-HA!Haaaa-Haaa-HA! Haaa-Haaa-HA! Haaaa-Haaa-HA! Haaa-Haaa-HA!Haaaa-Haaa-HA! Haaa-Haaa-HA! Haaaa-Haaa-HA! Haaa-Haaa-HA!Haaaa-Haaa-HA! Haaa-Haaa-HA! Haaaa-Haaa-HA! Haaa-Haaa-HA!Haaaa-Haaa-HA! Haaa-Haaa-HA! Haaaa-Haaa-HA! Haaa-Haaa-HA!

Thanks. I needed that! :)

[Jim from C-Town]

I have stopped trying to figure this market and the economy. So much makes so little sense.

Reality has been turned upside down by massive market interference by the Government and the Fed coupled with useless massaged numbers about economic activity and employment right along with fictitious earnings statements from corporations themselves.

It is probably safer to put your money under the mattress than with a brokerage house or bank.

[Varsity Flight]

“2015, the year our dirty mandatory body mortgages commence”

“Now we can raise interest rates, stop QEs, and make our dirty dollar look good, all on the backs of others”

“And while we’re at it, let’s keep packing government retirements into OUR stock market, prop it up, and then let um cash out into high prices earning nothing but our take.”

Mission accomplished.

[Wyatt's Torch]

Yeah that’s not even close to being accurate...

[Wyatt's Torch]

LOL. Wow.

[Varsity Flight]

“Oh, and guess what?” “We get to work even less, while everyone else has to find second, third jobs, to pay for our dirty body mortgage plans.”

[Wyatt's Torch]

Yes. Here are the number for full-time and part time over the last 10 years. As you can see part-time increased during the recession but has essentially been flat since 2010. Meanwhile full-time employment has increased by over 10 million the same time frame.
- In Feb 2010 part-time employment was 24,627,000. In Feb 2015 it was 24,471,000.
- In Feb 2010 full-time employment was 110,778,000. In Feb 2015 it was 120,834,000.

[Beagle8U]

I looked at that and started looking for breaking news on the reason oil doubled in one day! Couldn’t find a thing.

[Jim from C-Town]

Is that chart also not showing several million fewer jobs today than in 2008? Yet, our population has increased by almost 15 million in the same time period.

The estimated population in the U.S. today is 320.5 million in 2008 it was less than 306 million?

[Jim from C-Town]

Sorry, several million full time jobs.

What that chart is showing is a vast increase in part time jobs over full time jobs since 2008. Am I not correct in that analysis?

It is showing a contraction in the full time job market, an increase in the part time market ( a part time job could be any job from 1 hour a week to 29 hours a week, usually with little to no benefits) and an over all decline in the participation rate. Now at a low not scene in three plus decades.

To state that there are more jobs now is only half the equation. There are more jobs now than in 2005, but fewer than in 2008 and even fewer when looked at as a percentage of the available labor force.

[Beagle8U]

Huh? My only comment on this thread was about CNN showing oil prices doubling today, I made no mention of jobs reports.

[Jim from C-Town]

Sorry, wrong person.