July 2009 Jobs Report

[ByLoSellHi]

Quote from Renegen:

We should remember the sub-prime news and how public it was for a long time. Investors don't care until they do. We shouldn't ignore information just because the market shrugs it off.

Ding Ding Ding!


We have a winner.

The U.S. Economy faces an absolute calamity, and the market will not be able to ignore it.

This was partially fed by the real estate crash, but is so much larger than that.

 

[Thermactor]

Quote from chickenhawk:

Tarp And AIG bailout were when?????

Who was president last October ?????

Clue: HIS NAME WAS BUSH AND HE WAS A REPUBLICAN.

Seems that you have a bit of a problem with time lines and facts.

democratic congress

 

[Roman Candle]

Get ready for a great jobs report, Obama is down in the polls. the talk over the weekend will be. THE ECONOMY HAS TURNED THE CORNER. All our efforts are working

 

[BondTrader50]

Quote from Pinozi:

Just to clarify it could be up to an extra million job losses for the first 6 months of 2009

Which is an extra 166k per month

Hopefully its volatile either way

GL Traders!!!

I thought they said UPWARD revision of 500k to 1 million. That would mean fewer jobs lost. We're dealing with negative numbers here.

 

[Roman Candle]

Quote from BondTrader50:

I thought they said UPWARD revision of 500k to 1 million. That would mean fewer jobs lost. We're dealing with negative numbers here.

Head fake, don't listen to the news, all they want to do is trip you up.

 

[BondTrader50]

Quote from Roman Candle:

Head fake, don't listen to the news, all they want to do is trip you up.

Yep. I guess it doesn't matter anyway.

 

[Roman Candle]

I'm shocked :eek:

 

[Roman Candle]

Quote from Roman Candle:

Get ready for a great jobs report, Obama is down in the polls. the talk over the weekend will be. THE ECONOMY HAS TURNED THE CORNER. All our efforts are working

http://www.cnbc.com/id/32325178

Obama pounding his chest. This will help push his poll numbers up.

 

[Kassz007]

Great jobs report. No matter how the bears and the conspiracy theorists spin the whole government is lieing angle, the trend is towards improvement. It doesn't matter what numbers you use to calculate the unemployment rate, it's improving regardless.

 

[Arnie]

Quote from Kassz007:

Great jobs report. No matter how the bears and the conspiracy theorists spin the whole government is lieing angle, the trend is towards improvement. It doesn't matter what numbers you use to calculate the unemployment rate, it's improving regardless.

That's true, but consider this. The only areas to gain were teachers, health care and government. I don't know how any of those will be a catalyst for growth. Maybe it's typical for these areas to gain before manufacturing, services etc... at the end of a recession. I don't know. What I do know is teaching, health care and government are not where the next bull market will come from.