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 ...
At 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:
--and if I wake up enough I need to start a separate thread w/ it....
So glad I never wasted my money by subscribing to IBD.
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
Who actually believes this propaganda anymore?
Adding 215000 jobs is strong growth?
The Department of Labor stats are so cooked that the pot is ruined.
——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
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.
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%?
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.
Can you imagine 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.
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.
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%.
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.
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
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.