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Us Nonfarm Payroll Figures


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HOLA441
why does it take the ftse100 5 minutes to work out these are sh'ite figures? up, down, up, down and now finally through the floor. do some traders just close their eyes when they press the 'trade' button?

1. You are looking at average numbers. Some think its good, some bad so you get a point somewhere in the middle of the stat you are looking at. There might be a range of trades within the sample you see. Candlestick graphs will show you the start,end high and low within the time sample.

or

2. You are looking at a site which reports FTSE with a 5 minute delay.

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HOLA446
No, they don't.

You sure? I note you only have to work one hour a week to be considered employed. That's an easy way to fudge up the employment stats - give everyone a trivial part-time job, whereas to keep the unemployment stats down there is an exclusion list. Below is an extract from the exclusion list, you are neither employed or unemployed, and thus you aren't counted in either statistic, which is the situation here if you are not working (after 6 months) AND not receiving benefits. Nationally, in 2006, 77,387,000 people were not in the labour force in the US.

(source: Oregon State info)

# People who conduct only “passive” job searches, such as reading the help wanted ads or taking a job training course.

# People doing volunteer work for religious, charitable, or similar organizations.

# People whose only activity consists of working in their own homes (such as housework, painting, repairing, etc.).

# Marginally attached workers: people who want work, looked for work sometime during the past 12 months, but are not currently looking for work.

# Discouraged workers: people who are not working and are not looking for work because they believe that no jobs are available for them.

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HOLA447
-63k v +23k expected by economists

unemployment rate actually better than expected

These numbers aren't as bad as they look at first sight

unemployment figures only down because of 450,000 leaving the workforce apparently. To me this looks disastrous but I'm no expert on these matters.

U.S. nonfarm payrolls fall by 63,000 in February

By Rex Nutting

Last update: 8:30 a.m. EST March 7, 2008

WASHINGTON (MarketWatch) - In the clearest sign yet of a recession, U.S. nonfarm payrolls fell by 63,000 in February, the second straight decline in employment, the Labor Department reported Friday. It was the largest drop in payrolls since March 2003. Economists were looking for a gain of about 20,000. Payrolls for December and January were revised down by 46,000. The unemployment rate fell unexpectedly to 4.8% in February from 4.9%, due to a 450,000 decline in the labor force, the largest drop in nearly five years. Average hourly earnings rose 5 cents, or 0.3%, to $17.80 an hour. End of Story

Edited by JimmyMac
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