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Us Private Sector Job Losses Down To 473,000 Mom

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Guest DissipatedYouthIsValuable

Yay. The bad news is getting worse a bit slower than before.

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http://www.cnbc.com/id/31679561

Time to rejoice with a pint of Bulmer's Pear Cider, me thinks.

Such great news for the fully-fledged, V shaped recovery (sic). 1/2 million people (more than expected) lose their jobs and that means all is well in the world. SUPERLOGIC.

"We typically see a decline in job cuts in the second quarter. In fact, it is the slowest job-cut quarter, historically," the report said. "However, this recent drop-off may be indicative of an overall downward trend in layoff activity."

Does anyone else see something wrong with the logic in this statement?

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Does anyone else see something wrong with the logic in this statement?

No you clearly lack the capacity to think correctly. You need to report to the nearest re-education centre for correct conditioning free thought is not allowed. You must read and accept questioning logic is dangerous.

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No you clearly lack the capacity to think correctly. You need to report to the nearest re-education centre for correct conditioning free thought is not allowed. You must read and accept questioning logic is dangerous.

Sorry. I forgot :P

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Bloomberg see it differently;

U.S. Companies Cut June Payrolls by 473,000, More Than Estimated, ADP Says

Companies in the U.S. cut more jobs than forecast in June, according to a private report today, showing the labor market will be slow to improve even as other parts of the economy indicate the recession is abating.

http://www.bloomberg.com/apps/news?pid=206...id=aSNwtOtjuQLE

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Does anyone else see something wrong with the logic in this statement?

Not if it produces a dollar spike, no.

(Rampant self-interest declared)

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Sorry. I forgot :P

There is a very simple technique to learn - just tilt your head 90 degrees anticlockwise, and all the charts are suddenly headed in the right direction.

Unless it's the value of MBSes, you may need over 90 degrees to get the desired effect.

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Economists expect the payrolls report, which will be issued a day early due to the Independence Day holiday on Friday, to show a loss of 363,000 jobs in June and a rise in the unemployment rate to 9.6 percent from May's 9.4 percent.

good job they made the parameters of the bank stress tests durable enough to handle such appalling figures :ph34r:

STRESS.jpg

post-10469-1246458741_thumb.jpg

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good job they made the parameters of the bank stress tests durable enough to handle such appalling figures :ph34r:

It's very simple the stress test took in the recovery and the unemployment figures haven't.

Clearly something is very wrong with the unemployment figures.

Someone needs to tell the unemployment that the recovery is on and they should remove themselves from the stats. Once this has been achieved the stress test results will be valid.

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Do not forget its the summer now.

Themeparks, resturants, hotels, concerts, gardners, pool cleaners, ice cream producers, shops selling summer colections.

I would think that employment always gets a summer boost.

The worse times are usually just after Christmas where you have the clients avoiding paying during the holidays at the same time as cold weather, skiving and bonuses.

Not that I want high unemployment for any country but it feels early days

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Just breaking on cnbc:

Porsche US Says Car Sales In June Fell to 902 units from 2,650 A Year Ago (story developing)

No link yet.

Doesn't sound like it's going too well for the US, or Germany for that matter...

Edited by AvidFan

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For what it's worth the economy in my part of the States is showing no sign of recovery whatsoever.

Job losses still mounting.

Homes on the market for 2 years and more......

Summer rentals WAY down.

I live in a resort/holiday area and have noticed that even places like Dairy Queen are employing much older staff than they used to - low paid service job vacancies that were usually filled by students are going to those who used to have white collar jobs.

On the plus side there are still plenty of businesses here that are at least surviving, if not growing, and there are even a handful of new businesses - whether these will still be around in a year's time remains to be seen.........

Overall things tick along......................

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