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Jobs Report Better Than Goldilocks For Federal Reserve, Stocks
Investors Business Daily ^ | 4/01/2016 | JED GRAHAM

Posted on 04/04/2016 3:58:45 AM PDT by expat_panama

The March jobs report was even better than Goldilocks.

In another era, stock markets cheered economic data that were not too hot and not too cold, but just right for keeping the Federal Reserve on hold. This month’s employment report, by contrast, was strong, but a surge in the number of job-seekers still means that there’s enough slack in the labor market to allow the Fed to take its time before hiking again.

Even as the economy added 215,000 jobs last month, the jobless rate ticked up to 5.0% as job-seekers continued to flood into the labor force. The 2.4 million people joining the workforce over the past 12 months were by far the most since...

...One reason that the Fed has leeway to hold off on rate hikes for now is that the job market’s strong March comes after a period of relative weakness.

Several data points signal significant labor market slack remaining.

The labor force participation rate rose to a 2-year high as people finally stream back into the workforce. But it remains historically low at 63%. The average workweek, after sinking in February, remained stuck at 34.4 hours... Income gains have decelerated... People working part-time because they can’t find full-time...

...The shorter workweek ...

...Yet despite the employment loss, the manufacturing sector appears to be recovering...

...Are New Workers Qualified?

The overall tenor of the jobs report points to an economy that is picking up some steam...

...“While these latest figures are encouraging, finding qualified workers continues to be a challenge for many companies,” said Ken Esch, a partner in PricewaterhouseCoopers’ private company services practice.

“From our viewpoint, the current economic expansion is only beginning to address the structural issues...

(Excerpt) Read more at investors.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: economy; investing; jobs
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A1main040416At first glance the piece seems to say "everything's fine".  It's not.  It's saying the fact the econ's going nowhere means the Fed won't have to do anything and these days the less the Fed does, the better.

The lead editorial is: Sorry, But The Real Unemployment Rate Is 9.8%, Not 5%  w/ this graphic:

EDIT1_umemp_040116

--and if I wake up enough I need to start a separate thread w/ it....

1 posted on 04/04/2016 3:58:45 AM PDT by expat_panama
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To: expat_panama

So glad I never wasted my money by subscribing to IBD.


2 posted on 04/04/2016 4:07:16 AM PDT by Arm_Bears (Rope. Tree. Politician/Journalist. Some assembly required.)
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To: 1010RD; A Cyrenian; abb; Abigail Adams; abigail2; AK_47_7.62x39; Alcibiades; Aliska; aposiopetic; ..

Whoa--!!  We're waking up to a new quarter beginning w/ futures traders pointing to soaring stocks (+3.68%) and sagging metals (-1.24%) although gold and silver for now are hanging on.

Factory Orders comes out later this morning.

Other news:

Coal bankruptcies could leave taxpayers paying for clean up

Greece Bailout A 'Good Distance Away,' Says IMF Chief Ahead Of Lender Review

Cruz Could Win Big in Wisconsin as Trump’s Numbers Drop

Gold extends losses after robust U.S. jobs report

Asian markets gain after upbeat US, China economic data

3 posted on 04/04/2016 4:21:48 AM PDT by expat_panama
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To: expat_panama

Who actually believes this propaganda anymore?


4 posted on 04/04/2016 4:26:15 AM PDT by cp124 (Trade, Immigration, Intervention)
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To: expat_panama

Adding 215000 jobs is strong growth?


5 posted on 04/04/2016 4:28:07 AM PDT by Wpin ("I Have Sworn Upon the Altar of God eternal hostility against every form of tyranny...")
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To: expat_panama

The Department of Labor stats are so cooked that the pot is ruined.


6 posted on 04/04/2016 4:30:39 AM PDT by fella ("As it was before Noah so shall it be again,")
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To: expat_panama
Why bother posting this stuff until after the numbers are revised....it happens every week after the report comes out!
7 posted on 04/04/2016 4:35:05 AM PDT by liberalh8ter (The only difference between flash mob 'urban yutes' and U.S. politicians is the hoodies.)
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To: expat_panama

——finding qualified workers continues to be a challenge——

today’s employers discriminate

they don’t hire workers that can’t make it to work every day and those that take drugs


8 posted on 04/04/2016 4:35:12 AM PDT by bert ((K.E.; N.P.; GOPc;+12, 73, ....carson was my guy but now is a Trumplican)
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To: bert

Sounds like the witch hunt when banks only loaned to those who’d make monthly payments. Let’s expect maybe a new Justice Dept. shake down of employers who only give paychecks to employees and not to everyone else too.


9 posted on 04/04/2016 5:15:43 AM PDT by expat_panama
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To: fella; Wpin; cp124; Arm_Bears
Labor stats are so cooked

215000 jobs is strong growth?

Who actually believes this propaganda

wasted my money by subscribing to IBD.

Huh.  Nobody got past the headline to: Sorry, But The Real Unemployment Rate Is 9.8%, Not 5%?

10 posted on 04/04/2016 5:24:19 AM PDT by expat_panama
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To: liberalh8ter
numbers are revised....it happens every week

Everyone says that.  Looking now for revisions w/ other data and I see last week's numbers-

revised to  from correction
Personal Spending 0.10% 0.50% worse
Pending Home Sales -3.00% -2.50% worse
Consumer Confidence 94 92.2 better
ADP Employment Change 205K 214K worse
Continuing Claims 2180K 2179K better
Nonfarm Payrolls 245K 242K better

--but unless you're seeing something here the BLS doesn't have revisions.

11 posted on 04/04/2016 5:35:09 AM PDT by expat_panama
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To: expat_panama

Can you imagine how bad the economic news will be the day after a repub is sworn in?


12 posted on 04/04/2016 5:38:40 AM PDT by Texas resident (Democrats=CPUSA)
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To: Texas resident
...how bad the economic news will be the day after a repub is sworn in?

exactly!   My take is that the numbers are good but the reporting sucks.  The old "figures don't lie but liars figure" bit.

13 posted on 04/04/2016 5:43:26 AM PDT by expat_panama
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To: liberalh8ter
After a another coffee I saw that the payrolls did get revised. It got corrected to better.
14 posted on 04/04/2016 5:45:58 AM PDT by expat_panama
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To: expat_panama
Good news in muni land: Type BRIEF <+GO> on your Bloomberg.

FED DECISION: Cities and states won a partial victory Friday as the Federal Reserve gave final approval to a rule that will let banks include some municipal bonds in stockpiles of easy-to-sell assets meant to serve as a buffer against a financial crisis.

DETROIT: Investors holding $1.5 billion of bonds from Detroit’s distressed schools would be fully repaid under a plan by the state to split the system in two, Michigan Governor Rick Snyder said.

ALSO INSIDE: Louisiana's crisis shows the risks of Republican candidates' tax plans; Puerto Rico’s Government Development Bank will stay open and is examining all available options to improve its liquidity, according to Governor Alejandro Garcia Padilla.

15 posted on 04/04/2016 6:08:11 AM PDT by DCBryan1 (No realli, moose bytes can be quite nasti!)
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To: DCBryan1

30 day visible supply in muni land: @9.9B. 2.4B competitive, 7.5 negotiated. Fed minutes for February will be released Wednesday.

TH evening will be a meeting, televised, with Janet Yellen, Ben Bernanke, Alan Greenspan, and Paul Volcker.

10 year UST has support around 1.69% level, resistance up to 1.87%.


16 posted on 04/04/2016 6:13:57 AM PDT by DCBryan1 (No realli, moose bytes can be quite nasti!)
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To: expat_panama

And the lying continues. In fact, the lies grow bigger daily. What jobs? What kind of jobs? How many not employed? Truth no longer exists. It is a make believe world. The road leading to disaster is almost complete and not many seem to care.


17 posted on 04/04/2016 6:17:56 AM PDT by mulligan (I)
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To: mulligan
minimum wage Jobs to foreign workers
18 posted on 04/04/2016 6:29:29 AM PDT by scooby321
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To: expat_panama
But you have to know where the number is derived from. This helps unravel the convoluted methodology Economists Criticize ADP Payroll Report.
19 posted on 04/04/2016 6:57:53 AM PDT by liberalh8ter (The only difference between flash mob 'urban yutes' and U.S. politicians is the hoodies.)
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To: expat_panama

From the link I posted in your other response, you’ll see its weighed on ADP reports and according to what you’ve posted, the ADP number were revised down. Hmmmmmm.......LOL


20 posted on 04/04/2016 7:01:04 AM PDT by liberalh8ter (The only difference between flash mob 'urban yutes' and U.S. politicians is the hoodies.)
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