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World markets plunge despite strong US jobs data
AP on Yahoo ^ | 5/7/10 | Pan Pylas - ap

Posted on 05/07/2010 11:26:55 AM PDT by NormsRevenge

LONDON – A strong set of U.S. jobs data Friday failed to shore up confidence in world markets as stocks plunged again amid mounting fears that Europe's debt crisis could spread and derail the global economic recovery.

In Britain, where investors were grappling with uncertain general election results, the FTSE 100 index slid 209.98 points, or 4 percent, at 5,051.01, while the pound oscillated wildly.

Germany's DAX slid 226.05 points, or 3.8 percent, to 5,682.21 while the CAC-40 in France was 112.56 points, or 3.2 percent, lower at 3,443.55.

And on Wall Street, the Dow Jones industrial average plunged 210.09 points, or 2 percent, to 10,310.23 soon after the open while the broader Standard & Poor's 500 index tumbled 26.30 points, or 2.3 percent, to 1,101.85.

There had been hopes that Wall Street would open higher after strong U.S. jobs data helped push other concerns, primarily centered on Europe's debt crisis, aside for a while.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; Foreign Affairs; News/Current Events
KEYWORDS: communism; data; eu; greece; jobs; plunge; socialism; worldmarkets
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To: DoughtyOne

I presented those types of numbers to a lefty friend and the response was that I made those numbers up or that they are Bush propaganda. I said I got the numbers from the US Treasury’s monthly and yearly statements. It’s the actual data! They still said I made them up. They don’t want facts.


61 posted on 05/07/2010 12:06:04 PM PDT by avacado
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To: NormsRevenge
Hey, AP, the unemployment rate went up, not down.

State run media running cover for Barry . . . .

62 posted on 05/07/2010 12:08:20 PM PDT by colorado tanker
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To: The Wizard
there was NO strong US jobs data

The lame stream media is so retarded these days, that it's only apparent value is the humor enjoyed while making fun of it.
63 posted on 05/07/2010 12:10:58 PM PDT by ZX12R
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To: NormsRevenge

bump


64 posted on 05/07/2010 12:15:06 PM PDT by VOA
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To: ZX12R

I have heard every excuse in the world today on CNBC except the truth. Obama Ebonomics does not work.


65 posted on 05/07/2010 12:23:46 PM PDT by screaminsunshine (S)
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To: DoughtyOne
Any system of pegging the unemployment rate that shows unemployment going up by 0.2% when there are 275,000 jobs added

The system we use that can come to these numbers does this: (# unemployed and looking for work) divided by (# employed plus # unemployed and looking for work) = unemployment rate.

If you can add jobs and that's all that happens, the unemployment rate goes down. If you add jobs while at the same time a bunch of unemployed who weren't looking for work start looking for work, the unemployment rate can go up, which is what happened here.

And yes, it's all mishmashed gov't statistical hoo-ha. The real unemployment rate - working age people who should be working but don't have jobs (i.e., not stay-at-home moms, students, etc.) is about 17% last I checked.

66 posted on 05/07/2010 12:31:44 PM PDT by green iguana
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To: NormsRevenge
Time for a beer summit yet.. I hope Merkel brings some this time... and some beer maidens too.. :-)

What?!?!? Beer Maidens? I demand pictures on this thread! (Just as a show of good faith, mind you!)

CA....

67 posted on 05/07/2010 1:03:20 PM PDT by Chances Are (Whew! Seems I've found that silly grin again!)
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To: Frantzie
It gets tiring wading through the propaganda BS in almost every post.

I actually think that the comments are more interesting than the posted articles themselves. By the time any thread gets over thirty replies, someone has already said what I wanted to say. And I have had some of the best laughs of my life from reading replies on FR.

68 posted on 05/07/2010 1:30:34 PM PDT by webheart (I am a Sarah fan.)
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To: sleddogs
 
 
Click the Pic!
 
 
 

69 posted on 05/07/2010 2:30:47 PM PDT by Vendome (Don't take life so seriously... You'll never live through it.)
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To: Flycatcher

What!!!?? Football too??!!!

Wench!!!

See my response here:

http://www.freerepublic.com/focus/news/2508926/posts?page=69#69


70 posted on 05/07/2010 2:32:39 PM PDT by Vendome (Don't take life so seriously... You'll never live through it.)
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To: NormsRevenge
A strong set of U.S. jobs data Friday failed to shore up confidence in world markets ...

The only ones who don't recognize the BS content are the ones spewing it out.

71 posted on 05/07/2010 2:34:43 PM PDT by meadsjn (Sarah 2012, or sooner)
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To: avacado
They don’t want facts.

Indeed. I gave up on my liberal sister, whose answers to facts was always "I don't believe that!" or "Well, that's just YOUR opinion!".

72 posted on 05/07/2010 2:38:23 PM PDT by Oatka ("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
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To: avacado

I agree. What it must be like to be a brain dead liberal in this nation.


73 posted on 05/07/2010 3:45:29 PM PDT by DoughtyOne (Be still & kneel before the know-nothing Omnipotent One, Il Douche' Jr., may fleas be upon him.)
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To: green iguana

If you’re not on unemployment and regularly filling out a form that tells where you’ve applied, how the heck do they know you are trying to get a job?


74 posted on 05/07/2010 3:47:02 PM PDT by DoughtyOne (Be still & kneel before the know-nothing Omnipotent One, Il Douche' Jr., may fleas be upon him.)
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To: NormsRevenge
Strong US jobs data?

Those are meaningless to me (at present.) I don't have enough time to read Bullshit*.

Start publishing two numbers:

New Public employees union jobs direct or indirect.
Private sector jobs.

The difference would make taxpayers' heads explode.

No, Government jobs don't count!

*BULLSHIT

75 posted on 05/07/2010 5:11:59 PM PDT by Publius6961 (10% of muslims, the killer murdering radicals, are "only" 140,000,000 of 'em)
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To: green iguana

“...unemployed who weren’t looking for work start looking for work...”

How does the government determine this number?


76 posted on 05/07/2010 5:20:16 PM PDT by John W
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To: DoughtyOne; John W

Again, it’s statistical hoo-ha. And I do believe that’s a scientific term...

They do surveys, they collect data from state unemployment programs, and other stuff. This is sampling at its ‘best’. Thank God they can’t do this for the census.


77 posted on 05/07/2010 6:01:33 PM PDT by green iguana
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To: green iguana

Yeah I agree. It just seems this process lends itself to being jobbed for political gain, especially for a Regime.


78 posted on 05/07/2010 6:15:48 PM PDT by DoughtyOne (Be still & kneel before the know-nothing Omnipotent One, Il Douche' Jr., may fleas be upon him.)
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To: DoughtyOne
Well I must be more out of it than I thought, because this is the first time in my 59 years that I’ve heard of the unemployment referred to by the terms U3 and U6.

Don't feel bad, most of us normal people don't have the desire nor the time nor the interest to understand the details of employment statistics; any more than they are interested in the minutiae of a slaughterhouse.

Suffice to say that, there are so many different (reasonable) ways define unemployment, and the range varies so widely that numbers are available to satisfy any propagandist, right, left or center.

Here is a best web page I could find that best describes, superficially, the alphabet soup of employment statistics, and we all can laugh together when we realize that most people discussing the numbers have not the slightest clue how they have been "spun" for specific effect.

Labor Statistics

79 posted on 05/07/2010 6:24:21 PM PDT by Publius6961 (10% of muslims, the killer murdering radicals, are "only" 140,000,000 of 'em)
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To: NormsRevenge

Next please.....


80 posted on 05/07/2010 8:47:36 PM PDT by yield 2 the right
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