[TexasFreeper2009]

how... “unexpected”

DRINK!

[George from New England]

Article talks about increase in personal savings ...

Maybe this is a yearly event where tax refunds get electronically inserted in peoples accounts and sits there as ‘savings’ until the recipient decides how to spend it.

Maybe this is nothing but another smoke and mirrors.

[arthurus]

So savings is destructive to the economy. Savings does push down the the numbers chosen for reporting. Without savings, though, The economy must grow at ever slower rates until it goes into terminal decline, if it is not there already. Savings is the capital for future expansion. Expansion that does not come from savings is what is called, without understanding the connection, bubbles, and inflation. Savings makes for smaller numbers but real that describe actual expansion rather than the fantasy numbers of inflationary bubbles.

[Gaffer]

The discrepancy is in how the BLS uses numbers for categories not really applicable to how things really are.

Additionally, media reporting every bad turn of statistics as “encouraging” is downright deceitful and political.

[Opinionated Blowhard]

Weirdly, the pace of jobs growth had been resilient even amid unexpected plunges in key measures like retail sales and durable goods orders

Well, if you understand that the Obama Administration has been lying to artificially pump up job growth numbers, then the discrepancy isn't "weird."

[KC_Conspirator]

On Friday, we learned the US economy added just 126,000 jobs in March, missing expectations for 245,000 new jobs.

Was this "unexpected"?

[Starstruck]

On Friday, we learned the US economy added just 126,000 jobs in March, missing expectations for 245,000 new jobs. You have to go all the way back to December 2013 to see a number that low. Even worse, the prior two months worth of job creation was revised down by 69,000.

Since the prior 2 months were revised down what are the chances that the low 126,000 is not really lower. We know these phony numbers never get revised up.

[skeeter]

Will the MSM be able to continue the charade through Nov 2016? Its crunch time.

[GreenAccord]

I seem to recall Obama, in the 2012 election cycle, campaigning that he didn’t want Romney to win and take all the credit when the economy rebounded, since it was “positioned to make very significant GNP growth” (or whatever).

That’s the extent of his kind of ownership of this economy. Just position yourself to take credit, but as we’ve seen, the falsified employment numbers can’t truly hide the fact that our economy isn’t growing. You simply can’t have the 3% to 5% growth if there are so many missing workers (the denominator in the U3).

Of course, the media will never hold this administration to account.

[upchuck]

From the article:

Among other things, US consumers have been increasingly saving their money rather than spending today. Even much of the gasoline savings, which economists expected to be a big spending stimulus, do not seem to be flowing back into the economy.

IMHO, people are afraid of what is coming. Better to have a few bucks saved than to get caught short.

[Lorianne]

Savings is capital.
Without capital you cannot have Capitalism.

Duh

[pfflier]

Did they accidentally expose algore’s global warming hoax?

[BitWielder1]

Consumer Confidence is low - normal, sane people are not going to spend big bucks when they may be unemployed tomorrow.
For that kind of irresponsible behavior you have to look to the government.
Lower gas prices are a welcome break but I've already gotten used to not making any unnecessary trips, gas is only a small part of the total mileage cost so my driving habits haven't changed.

It's a bit like Climate versus Weather - Large scale Economy does not instantly translate to individual spending patterns, especially since we know the Economy is not good no matter what they tell us.

[blam]

Larry Summers Has A Major Warning For The US Economy, And Everyone Should Be Paying Attention