pl1 Posted April 6, 2012 Share Posted April 6, 2012 Slighlty unusual release of NFP today. WSJ say's "not much happens" when it collides with Easter well how would it? In an election year I'm expecting this number to improve right into November. 205,000 new jobs appears to be the general average consensus. 12:30 GMT. Quote Link to comment Share on other sites More sharing options...
Errol Posted April 6, 2012 Share Posted April 6, 2012 March NFP big miss at just 120K. The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000. http://www.zerohedge.com/news/nfp-big-miss-120k-expectations-205k-unemployment-82 Quote Link to comment Share on other sites More sharing options...
Panda Posted April 6, 2012 Share Posted April 6, 2012 (edited) Wonderfull, sums it up........................... Why does ZH even bother reporting these fake fabricated government numbers? Real unemployment is around 23%. Why doesn't ZH, a site reporting the truth in other financial areas, report the the true unemployment numbers, instead of wasting time bashing fake government numbers? Forget the fake government numbers. Don't waste time and bandwidth reporting them just to bash them. Simply report the facts. Unemployment around 23%. We're in a depression, not a recession. QE is still going on because someone has to buy $150 billion of new govt debt each month, and China ain't buying it. And certainly report the most important fact of all, the rapidly declining value of the US dollar, not against other devaluing currencies, but against a meaningful standard like the price of milk or eggs or gas or gold or silver. Edited April 6, 2012 by Panda Quote Link to comment Share on other sites More sharing options...
Butthead Posted April 6, 2012 Share Posted April 6, 2012 Employers added 120,000 jobs in March, fewest in 5 months And if you look at IG Index (which is effectively like looking at FTSE/Dow futures) you can see quite a pronounced move downwards... Quote Link to comment Share on other sites More sharing options...
easy2012 Posted April 6, 2012 Share Posted April 6, 2012 March NFP big miss at just 120K. The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000. http://www.zerohedge.com/news/nfp-big-miss-120k-expectations-205k-unemployment-82 There is 300 million people in the US, presumably 200 million are of working age. Will be interesting to see where Zero the 87897000 number from. plus another 8% (16 million or so officially unemployed), and 100 million out of 200 million of US people at working age not working ??? Quote Link to comment Share on other sites More sharing options...
Errol Posted April 6, 2012 Share Posted April 6, 2012 Will be interesting to see where Zero the 87897000 number from. From the official site of the Federal Reserve Bank of St. Louis - economic reseach: Source - US department of Labor. http://research.stlouisfed.org/fred2/series/LNS15000000 Quote Link to comment Share on other sites More sharing options...
anonguest Posted April 6, 2012 Share Posted April 6, 2012 (edited) March NFP big miss at just 120K. The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000. http://www.zerohedge.com/news/nfp-big-miss-120k-expectations-205k-unemployment-82 And they released this bad data when the markets are closed. Hmmmmm.....it's almost enough to turn you to conspiracy theory! :-D That said, however, considering how volatile stockmarkets have become in modern times with wild swings that often accompany the release of routine economic statistic news releases, I would have though there would be merit in deliberately releasing data at weekends when all markets are closed. Politicians and central bankers often moan at market volatility, currency volatility, etc? At least doing so weekends would give time for market participants to more carefully reflect, decide on buy/sell decisions? adjust trading algorithms accordingly? and so lower volatility?? No? But....unless I have it wrong, perhaps this would actually not be good for the big players? Who nowadays rely on high frequency trading as a major source of profits? and this inherently benefits from volatility? Edited April 6, 2012 by anonguest Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted April 6, 2012 Share Posted April 6, 2012 Employers added 120,000 jobs in March, fewest in 5 months And if you look at IG Index (which is effectively like looking at FTSE/Dow futures) you can see quite a pronounced move downwards... Im guessing that in a country of 310million officially, millions more unofficially, more than 120,000 move to the US every month too. Wasnt it 600k here last year...and the US is 5+ times our size... Quote Link to comment Share on other sites More sharing options...
Senny Pijama Posted April 7, 2012 Share Posted April 7, 2012 And they released this bad data when the markets are closed. Hmmmmm.....it's almost enough to turn you to conspiracy theory! :-D Not really. Good Friday is not a Federal Holiday in the USA, so government work carries on as usual. The markets are a commercial concern, so there's no reason that the USA Government should abandon its usual schedules because of that. It's not like the market won't correct itself on Monday if it wants to. Quote Link to comment Share on other sites More sharing options...
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