Agree or not, today is BLS day.
Futures (1 hr before the bell) upbeat w/ stock indexes +0.19% and metals +0.23%. So much for Yellen's "market correction".
Posted on 05/08/2015 5:14:53 AM PDT by expat_panama
U.S. job growth likely rebounded last month and the unemployment rate probably dropped to a near seven-year low, signs of a pick up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year.
Nonfarm payrolls likely jumped by 224,000 after increasing by 126,000 in March, according to a Reuters survey of economists. The jobless rate is seen dropping one-tenth of a percentage point to 5.4 percent, which would be the lowest since May 2008.
The Labor Department will release its closely followed employment report at 8:30 a.m. (1230 GMT) on Friday.
"Our view is that we get a pretty clear signal that the first-quarter soft patch was just that, a temporary soft patch that will subside and we will get a bit of a bounce back," said Bricklin Dwyer, an economist at BNP Paribas in New York.
The economy wobbled in the first quarter and may have even contracted as it was buffeted by bad weather, port disruptions, a strong dollar and deep spending cuts by energy firms.
[snip]
On the flip side, a report on Wednesday that showed private employment gains in April were the smallest in more than a year could augur a weaker-than-expected figure.
Even if payrolls beat expectations, the Fed is likely to hold off tightening monetary policy for at least a few more months given the headwinds to growth from the dollar and spending cuts in the energy sector, and a desire among officials to get a firmer fix on the economy's trajectory.
SEPTEMBER LIFT-OFF
"The Fed is on track to ultimately go in September. They are looking for continued improvement in labor markets...
[snip]
(Excerpt) Read more at reuters.com ...
Agree or not, today is BLS day.
Futures (1 hr before the bell) upbeat w/ stock indexes +0.19% and metals +0.23%. So much for Yellen's "market correction".
This morning I heard that Americans will be spending upwards of $20 BILLION dollars on Mother’s Day, and that they also spend $40 BILLION on their pets EACH year.
I think we have a LONG way to fall. The ONLY thing holding us up is how bloody wealthy this nation truly is.
And then I get depressed again, because if people are comfortable, positive change is NOT going to happen....the left is going to continue to bleed us dry and steal our freedoms for decades to come.
Blech.
93.7 million Americans are now, not in the labor force.
93.7 million!
Bring back American jobs. Bring them back from China.
Is this the alternative news or what. 9o plus million Americans out of the workforce and now the economy is going full steam ahead. Right and the Mackinac Bridge between the Upper Peninsula and the Lower Peninsula of Michigan is up for sale for $1.00!
Actually, it's been worse. The unemployment rate went down a tenth%, because the employed grew more than the population: 192,000 vs. 186,000. OK, not much more, in fact the "not in the labor force" still grew by 19,000...
Not sure where you’re numbers are from, but according to the BLS site, it’s even worse.
http://www.bls.gov/news.release/empsit.t16.htm
93.7 million not in the labor force.
So, During Bush’ 8 years, the number of work force age Americans increased by 12 million, but during Obama’s 7 years, that number only increased by 3 million?
Something smells fishy.
What does the L stand for in BLS?
Rhymes with pies.
Bullsh!t
U.S. job growth likely rebounded last month and the unemployment rate probably dropped to a near seven-year low, signs of a pick up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year.
"Likely," and "probably," are weasel words. Oh, one more thing Reuters, when the GDP is revised in a couple of weeks, we will see a negative quarter. Do you know what that means, Reuters? One more negative quarter and you got what, Reuters?
Does Reuters have any actual economist working for them?
5.56mm
Besides Barack Obama’s citizenship this is the biggest hoax ever perpetrated on the American Public. Nothing is getting better and the job situation is just as bad and about to get worse as there are 6,000 store closings slated for this year and going forward to 2017.
Until or unless we get the Dems out of power nothing is going to change. This is the new normal.
Right there at the BLS site: http://www.bls.gov/home.htm just click any of the pr links and look at the "Employment Situation Summary Table A. Household data, seasonally adjusted" that I posted.
Realize that your number is different because it's not counting the same thing. Your "not in the labor force" is not "seasonally adjusted" and mine was. Folks into politics sometimes complain about "seasonally adjusted" when the data fail to make their numbers look like they want, but then 6 months later the hacks just go ahead and "adjust" like everyone else. Folks working for a living use either but they have to pay attention to which type they got.
Thanks.
np, & thank you for keeping me honest ;)
Yeah it’s gaining right up to next month’s downward revision.
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