Posted on 10/02/2015 7:54:08 PM PDT by SaveFerris
The prevailing narrative on the U.S. economy has downshifted, as three consecutive months of disappointing job growth raise concerns about a serious slowdown.
There’s some good news to offset the bad, however: household incomes have finally shown a sharp gain, which means the typical family’s purchasing power is bouncing back. And the pace of car sales is accelerating toward record levels, with consumers more than willing to commit to costly long-term purchases. Meanwhile, several other indicators that don’t get as much attention as the monthly jobs report show sustained improvement in key parts of the economy.
The monthly employment report tends to dominate the markets, however, and stocks largely tanked on the news that employers created only 142,000 jobs in September, about 60,000 fewer than expected. In the past, markets have often interpreted bad news about jobs as good news for stocks, because it would prompt the Federal Reserve to push interest rates lower or keep already-low rates in the basement. But markets now seem to think bad news is just plain bad news, as if a few months of weak job creation tell us the economy might be stalling. "Silver linings were tough to come by in the September jobs data," Bloomberg reported after surveying several economists.
There are silver linings in other data, however. A new report by Sentier Research, for instance, shows that median household income, adjusted for inflation, grew by $615 in August, to a post-recession high of $55,794. Real incomes are still about 2.7% lower than they were in 2000, indicating ongoing stress on American consumers. But the trend is improving after a period of stagnation, as this chart shows:
(Excerpt) Read more at finance.yahoo.com ...
That is all for now from Propaganda Central. Soon, comrades, we will have another wonderful article on the Kardashians or Miley Cyrus.
Peace, bread and land.
There are now 94,000,000 Americans who do not have a job.
A new all-time record, I believe.
We need to bring back Jobs to America.
It a good thing “Yahoo Finance” doesn’t have any credibility to lose.
"There are three kinds of lies: lies, damn lies...and statistics."
(...attributed to Mark Twain, 1906)
Leni
Selling leftist, liberal propaganda pays very well, apparently.
Yahoo CEO’s 2014 Compensation Valued at $42.1 Million
Yahoo CEO Marissa Mayer’s compensation rose from $24.9 million in 2013
http://www.wsj.com/articles/yahoo-ceos-2014-compensation-valued-at-42-1-million-1430343971
Who needs jobs when we have Treasury Bills to sell?
Obama and the congress will be selling more next month and things will be even better, and even better the next time we sell them, and even better the next time... ad infinitum (or absurdum).
“as if a few months of weak job creation tell us the economy might be stalling”
Yahoo.
All Propaganda.
All the time.
This clown has to be a shill for Obozo. Hey...stupid! Since 2000 real income is down 2.7% and you point to a 0.01 percent increase in annual income as something to brag about? "Jobless claims are down." Well, duh. Look up the Discouraged Worker Hypothesis for an explanation, since you obviously missed it in Econ 101. Come on, Rick. Put the pig and the lipstick down...your work here's done.
Yes, slowly, there are large numbers of commenters sick of their nonsense and lies.
They might as well rename themselves to DNC Mouthpiece.
Most everything is garbage over there. I regret getting email accounts there. You have to got past the constant garbage and them pestering you for your cell phone number. Never gonna happen.
That’s why interest rates are at zero. To cool the overheated economy.
Oh wait...........
Can someone help Rick Newman wipe the brown stain off his nose???
[This clown has to be a shill for Obozo]
At Yahoo! that appears to be a resume-enhancer.
Somebody had to overtake Barron’s in the low batting average category.
If only left wing bullshit could prop up an economy....
FDR, who nobody on FR likes of course, had the decency to at least acknowledge things were bad And he did provide a lot of temporary “shovel ready” (and more) jobs for people ( some of the infrastructure they built we are STIll using). Nowadays all we Sheeple get are lies and BS.
Obama’s getting rich.
Comrades, we have glorious news for you! It will make you so happy, you will yodel.
Ministry of Yahoo
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