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Posted on 03/06/2020 5:54:26 AM PST by RubinBoomer
- Nonfarm payrolls rose by 273,000 in February vs. a 175,000 estimate, while the unemployment rate edged lower to 3.5%.
- Job gains were widespread, with health care adding 57,000 to lead the way.
- December and January’s estimates were revised upward by a total of 243,000.
(Excerpt) Read more at cnbc.com ...
I firmly believe it will. People are still buying stuff from stores, people are still going to work, cars are still driving, etc.
Globalism might hurt the stocks but we still have to live our day to day lives.
“- December and January’s estimates were revised upward by a total of 243,000.”
at what point in time do people allege the numbers are purposely suppressed?? Revisions of 10,000 to 15,000 and occasionally 25,000 are common...
but revisions averaging 120,000 per month for consecutive months?? Never saw that happen in the past...
yeah wow.
“””””””’but revisions averaging 120,000 per month for consecutive months?? Never saw that happen in the past...”””
During the hussein reign the numbers would always be revised DOWN when nobody was paying attention.
3.5% unemployment is a great accomplishment! bammy never even tried in spite of claiming that he would have a laser-like focus on jobs, one of his many lies.
It’s hard for that number to go lower. It’s extremely low now. In the normal course of events, it will go higher. The moment it rises even a small fraction, the left will start claiming that Trump has failed and that a recession is on the way.
You know what I think of the left.
well that should be good for the market today. /sarc
1929 - 3.2% (We all know what happened to the market that year)
1943 - 1.9% (I'll pass on a world war to get it that low)
1944 - 1.2%
1951 - 3.1% (Post war boom)
1952 - 2.7%
1968 - 3.4% (Looking forward to Nixon?)
So there you have it. Six years slightly better than now. Not too shabby.
When Hussein was in office, the numbers were always revised downward. That was propaganda.
cnbc, fox news, and the rest of the @sshats in the media are greatly disappointed.
The coronavirus, paradoxically, may be part of the REASON for the continued unexpected spurt of employment, as many of the products once sourced only in China are now gearing up to be produced either in our own country, or other countries for which new supply chains have to be forged.
A new framework of thinking has sprung up around the market implications of the coronavirus, and it may result in a consolidation and realignment that ultimately benefits everybody concerned. China is no longer a reliable source.
I would not put much faith in those numbers as they are looking backward. The media, dems, and RINOs are all looking to dump the economy into August. Anyone lauding this number today in the media is akin to someone throwing a job to set up the round house. NEVER trust them when they are saying anything favorable about Trump or anything he does because it is just a faint.
Not to worry, more coronavirus hot sauce please!! I hate them! By closing watch the market tank more 1000 pts! They have trump by the walnuts! But, what Satan means for destruction, GOD WILL TURN IT AROUND FOR TRUMP’S ADVANTAGE! Bank on it!
It might be a good excuse to trade up later in the day. Fair value for ES is down big time. Implied open is -98.09. Maybe there is rebound this afternoon. Traders are loving this volatility. Any reason to trade down or up is being used, and then program trading kicks in, thus amplifying profits. (Remember, someone is profiting on every trade, or the price would never change.)
Yes. At some point the unemployment rate may edge up to 4%. The media will panic and announce that they can’t remember a time when unemployment was so high.
I hope you’re right!
I live on the east side of King County (metro Seattle), which is Ground Zero for the first 11 coronavirus deaths.
Car traffic in downtown Bellevue is down 50%.
The mall is empty.
If they can't contain these large fatality numbers to just a couple cities, the national economy is going to get badly wounded.
So. Much. WINNING!!!!!
I thought there was a big movement to tele-commute in King Co, not that helps all jobs.
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