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Realistbear

U S Joblessness Hits 2 Year Low As Recovery Seems To Have Arrived

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http://uk.finance.yahoo.com/news/U-S-February-payrolls-surge-reuters_molt-1626811248.html?x=0

U.S. February payrolls surge as jobless rate near 2-year low
Lucia Mutikani, 13:45, Friday 4 March 2011
WASHINGTON (
Reuters
) - U.S. employers hired more workers in February than in any month since May last year and the unemployment rate fell to a near two-year low, raising hopes the economic recovery has gathered critical momentum.
Nonfarm payrolls increased 192,000, the Labour Department said on Friday, above market expectations for 185,000 jobs. Data for December and January was revised to show 58,000 more jobs created than previously estimated.
The peak of monthly employment last May was when payrolls were being boosted by government hiring for a census.
The unemployment rate dipped to 8.9 percent, the lowest since April 2009, from 9.0 percent in January as more people reported finding work.

DOW correction, $ sell off, run for the hills?

Will their recovery rub off over here before we have had a chance to correct for the years of abuse under Brown?

Edited by Realistbear

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http://uk.finance.ya...811248.html?x=0

U.S. February payrolls surge as jobless rate near 2-year low
Lucia Mutikani, 13:45, Friday 4 March 2011
WASHINGTON (
Reuters
) - U.S. employers hired more workers in February than in any month since May last year and the unemployment rate fell to a near two-year low, raising hopes the economic recovery has gathered critical momentum.
Nonfarm payrolls increased 192,000, the Labour Department said on Friday, above market expectations for 185,000 jobs. Data for December and January was revised to show 58,000 more jobs created than previously estimated.
The peak of monthly employment last May was when payrolls were being boosted by government hiring for a census.
The unemployment rate dipped to 8.9 percent, the lowest since April 2009, from 9.0 percent in January as more people reported finding work.

DOW correction, $ sell off, run for the hills?

Will their recovery rub off over here before we have had a chance to correct for the years of abuse under Brown?

not really..the number of non participants is also up.

and as these people are not included in the calculation, then the figures are fudged as usual.

for example take a small population of 3, all working...we have 100% employment.

then one decides he's had enough with no pay and would be better off on benefits...he withdraws....now we have one out of work and draining benefits, but we still have 100% employment...

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not really..the number of non participants is also up.

and as these people are not included in the calculation, then the figures are fudged as usual.

for example take a small population of 3, all working...we have 100% employment.

then one decides he's had enough with no pay and would be better off on benefits...he withdraws....now we have one out of work and draining benefits, but we still have 100% employment...

Similar to our MILLION + in "long term unemployed"-- no longer in the system because they are:

1. Feckless

2. Doing work for cash

3. Drawing disability and HA

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Similar to our MILLION + in "long term unemployed"-- no longer in the system because they are:

1. Feckless

2. Doing work for cash

3. Drawing disability and HA

yeah, i beleive to count on our figures you need to be signed on as available to work AND drawing the benefit.

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Index Value: 12,242.42

Trade Time: 14:48

Change: -15.78 (0.13%)

As predicted--market did not like the news one bit. More jobs means more spending which means more corporate earnings which should mean higher share prices.

Deeply contrarian market still in place.

Edited by Realistbear

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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