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BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!

 
Luisport (OP)

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05/04/2012 09:35 AM

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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
zerohedge‏@zerohedge

SCHAEUBLE SAYS ESM MUSTN'T RECAPITALIZE SPANISH BANKS DIRECTLY. Got that 2011 feelin' yet?
Luisport (OP)

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05/04/2012 09:36 AM

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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
Major Indexes(Roll over for charts)
Last Change % Chg
DJIA 13146.80 -59.79 -0.45
DJ Transportation Average 5256.27 -28.06 -0.53
DJ Utility Average 469.84 2.64 0.57
DJ Total Stock Market 14468.94 -81.87 -0.56
Nasdaq 2998.49 -25.81 -0.85
Nasdaq 100 2680.77 -23.82 -0.88
S&P 500 1383.88 -7.69 -0.55
S&P 100 629.49 -3.48 -0.55
S&P 400 Mid-Cap 974.12 -6.43 -0.66
S&P 600 Small-Cap 450.57 -2.93 -0.65
NYSE Composite 8012.59 -37.30 -0.46
Russell 2000* 806.59 -12.01 -1.47
NYSE Amex Composite* 2422.29 -12.54 -0.52
KBW Bank* 48.14 -0.30 -0.62
PHLX Gold/Silver* 156.72 -5.78 -3.56
PHLX Housing Sector* 131.05 -1.59 -1.20
PHLX Oil Service* 231.21 -4.26 -1.81
PHLX Semiconductor* 406.49 -10.32 -2.48
* at close
Anonymous Coward
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United States
05/04/2012 09:38 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
0blunder said the unemployment rate would drop to 7%... he just doesn't care or understand how and why.
Anonymous Coward
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Canada
05/04/2012 09:38 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
8.1%

Clearly more & more people are maxing bennies, falling off rolls, or flat out giving up.

Only explanation for such a miss in jobs creation, but yet a lower percentage unemployed. I just hope most regular folks connect the dots on those numbers.
 Quoting: Lady Jane Smith


This part constantly confounds me. In what universe do these fools get to count people who said, "Screw it," as not unemployed.

Unfortunately, I guess the answer is "Ours."

If you count all the folks who have given up, the real unemployment rate must be close to, if not over, 20%, yet it keeps going down every single month.

Must be nice to be government, and just make up your own rules. The rest of us would be in prison if we used anything like their accounting or statistics methods.
 Quoting: ReVbo™



Here's the smoking gun. This is something our government assumes we're too stupid to understand. From zero hedge this AM.

[link to www.zerohedge.com]

"it is just getting sad now. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to 88,419,000."-Zerohedge

Now I'm gonna make it real easy.

N% of 301,000,000 (Estimated Population of the US)=88,419,000

N is Damn near close to 29.5 give or take.

UNEMPLOYMENT IN THE US is 29.5%

It literally offends my intelligence that the US BLS expects us to swallow this giant pile of shit known as the U-3 Labor Rate Number. What say you Rev? Good morning BTW Rev & Luis.

Nick®
 Quoting: Nickadeemus


I say check your private messages. My response to that pile of crap is way too profane for public viewing.

To the guy above who only knows folks who are doing just fine, congratulations. The world is a little bigger than your immediate group, though, and the numbers above don't lie.
 Quoting: ReVbo™


YES.............. Revbo that is right on the money. I see this all the time. People don't think it is that big of a deal because the little socio-economic group is doing okay. Christ! People are so polarized and really just do not know shit about what is going on as they are not out in the trenches............. and never really did associate with the unwashed masses in the first place, regardless of the current global economic mess.

People need to wake up.
Luisport (OP)

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05/04/2012 09:39 AM

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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
Get news bulletins by email » Nasdaq Composite falls below 3,000 mark early Friday [link to www.marketwatch.com]
Anonymous Coward
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05/04/2012 09:44 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
But of course they don't factor in all the people who just gave up looking for work, so no longer count as being unemployed.
 Quoting: Anonymous Coward 15479974


i don't what the numbers say. People know it hasn't gotten any better. No jobs, gas and food going up. They can fake the numbers all they want, the people know.
 Quoting: Anonymous Coward 1466124


No they don't ...thats the problem
Nickadeemus

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05/04/2012 09:53 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
...


i don't what the numbers say. People know it hasn't gotten any better. No jobs, gas and food going up. They can fake the numbers all they want, the people know.
 Quoting: Anonymous Coward 1466124


Everyone I know is doing just fine, in fact slightly better than in '08.

Where do you live where people are so fucking destitute?
 Quoting: Anonymous Coward 9066073



CAN YOU EVEN FUCKING READ???

it is just getting sad now. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to 88,419,000.

N% of 301,000,000 (approx population of US) is 88,419,000?

Answer 29.45%

Go pound dirt shill.

Nick®
:foamy:
 Quoting: Nickadeemus


Can YOU EVEN FUCKING READ FAGGOT?

I was clearly responding to a very specific quote, fuckface.
 Quoting: Anonymous Coward 9066073



Alright. I'm gonna lay it out for you real nice and slow. Your assertions that everyone you know is doing fine is a flagrantly ridiculous argument. Here's why. There are 301 million people living right here in the good old US. Since it would be out of the realm of conventional possibility that you know even 1/64th of them I'd say that your "representative" sample is biased and is immediately thrown out of conscious and/or subconscious problem solving merely by mechanism of ludicrous unfounded unsubstantiated bias. So take your monumentally flawed assertions and your condescending tone towards my friend Revbo and shove them up your...

Well I'm just tired now.

Nick®
uninick
Pure Life; Get it on...
Anonymous Coward
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05/04/2012 10:00 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
Green Shoots!


Recovery Summer!
Nickadeemus

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United States
05/04/2012 10:02 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
Green Shoots!


Recovery Summer!
 Quoting: LunaticFringe



chuckle

Nick®
Goofy Thum

Last Edited by Nickadeemus on 05/04/2012 10:03 AM
Pure Life; Get it on...
ReVbo™

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05/04/2012 10:05 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
Green Shoots!


Recovery Summer!
 Quoting: LunaticFringe



chuckle

Nick®
Goofy Thum
 Quoting: Nickadeemus


Damn! When did it get to be 2009 again?
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Anonymous Coward
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05/04/2012 10:06 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
This is odd - wonder where Zazz is today? After aweful economic numbers all week, Dow Plummeted 100 +, and no where near his DOW 15,000 by labor day prediction, its surprising he's not here telling us how great the recovery is.
Anonymous Coward
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05/04/2012 10:10 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
The unemployment rate will fall steadily until election day.
Luisport (OP)

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Portugal
05/04/2012 10:24 AM

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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
Major Indexes(Roll over for charts)
Last Change % Chg
DJIA 13093.41 -113.18 -0.86
DJ Transportation Average 5230.13 -54.20 -1.03
DJ Utility Average 468.84 1.64 0.35
DJ Total Stock Market 14387.34 -163.47 -1.12
Nasdaq 2978.39 -45.91 -1.52
Nasdaq 100 2661.95 -42.64 -1.58
S&P 500 1376.47 -15.10 -1.09
S&P 100 626.01 -6.96 -1.10
S&P 400 Mid-Cap 968.21 -12.34 -1.26
S&P 600 Small-Cap 447.85 -5.65 -1.25
NYSE Composite 7964.53 -85.36 -1.06
Russell 2000 797.46 -9.13 -1.13
NYSE Amex Composite 2393.51 -28.79 -1.19
KBW Bank 47.40 -0.74 -1.54
PHLX Gold/Silver 158.17 1.45 0.93
PHLX Housing Sector 130.57 -0.48 -0.37
PHLX Oil Service 226.19 -5.02 -2.17
PHLX Semiconductor 403.28 -3.21 -0.79
* at close
Luisport (OP)

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05/04/2012 10:24 AM

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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
Major Indexes(Roll over for charts)
Country:Index Last Change % Chg
Stoxx Europe 50 2373.97 -32.93 -1.37
Stoxx Europe 600 253.38 -4.15 -1.61
Euro Stoxx 50 2255.76 -31.34 -1.37
Euro Stoxx 227.99 -3.44 -1.49
Belgium: Bel-20 2172.69 -22.29 -1.02
Denmark: OMX Copenhagen 20* 465.55 6.18 1.35
Estonia: OMX Tallinn* 633.15 -2.57 -0.40
Finland: OMX Helsinki 5488.20 -127.69 -2.27
France: CAC 40 3173.36 -50.00 -1.55
Germany: DAX 6587.86 -106.58 -1.59
Italy: FTSE MIB 13974.09 -144.04 -1.02
Latvia: OMX Riga* 389.60 -1.71 -0.44
Lithuania: OMX Vilnius* 328.52 -2.26 -0.68
Netherlands: AEX 301.62 -4.82 -1.57
Norway: OSE All-Share 468.64 -8.09 -1.70
Portugal: PSI 20 5185.52 6.19 0.12
Russia: DJ Russia Titans 5783.17 -211.45 -3.53
Spain: IBEX 35 6852.70 0.80 0.01
Sweden: OMX Stockholm 324.34 -8.70 -2.61
Switzerland: Swiss Market 6056.20 -41.48 -0.68
UK: FTSE 100 5671.12 -95.43 -1.65
UK: FTSE 250 11200.93 -282.38 -2.46
UK: FTSE AIM All-Share 765.31 -9.18 -1.19
* at close
Anonymous Coward
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Philippines
05/04/2012 10:30 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
I dropped out of the USA over three years ago and I'm not counted.
Anonymous Coward
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05/04/2012 10:34 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
Unemployment drops because "not in labor force" literally went off the charts:
[link to www.zerohedge.com]
Luisport (OP)

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05/04/2012 10:34 AM

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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
The Two Scariest Charts From Today's NFP Report, Or The Real "New Part-Time Normal" [link to www.zerohedge.com]
Luisport (OP)

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05/04/2012 10:40 AM

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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
Treasury 10-Yr Yield Falls Below 1.88%, Lowest Since Feb.
Anonymous Coward
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05/04/2012 10:44 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
Where is Zazz to win ding wang foek

dong
ReVbo™

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05/04/2012 10:45 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
Treasury 10-Yr Yield Falls Below 1.88%, Lowest Since Feb.
 Quoting: Luisport


Good thing nobody has any savings left, or they'd be pissed their money is earning almost zero interest. /sarc
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Anonymous Coward
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05/04/2012 10:48 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
And what kind of jobs are those 115K. Some good jobs but most are low paying with little or no benefits.
Anonymous Coward
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05/04/2012 10:48 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
Treasury 10-Yr Yield Falls Below 1.88%, Lowest Since Feb.
 Quoting: Luisport


luis

it is like pravda in russia.everybody in ussr knew pravda stories were false.same with western world's media.People are niticing there is no correlation between news and reality.
the case shiller index,DOW,UE numbers are fraud and are on the way of becoming irrelevant.
Who the fuck is going to look at stock market index and UE numbers to search a job? Everybody knows those numbers are fabricated
Luisport (OP)

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05/04/2012 10:49 AM

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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
all EURUSD gains lost! [link to www.freestockcharts.com]
Anonymous Coward
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05/04/2012 10:52 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
Don't worry Communism is going to save the day, the ygot that new Red Zone in the Chicago Area. Coming to a town near you!

More aptly what they will role out is Fascist, Socialism in the rual areas and Fascist, Communism at the National Level. The individual states will be provided a choice Socialism or Communism, isn't Democracy great??
Anonymous Coward
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05/04/2012 10:58 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
But of course they don't factor in all the people who just gave up looking for work, so no longer count as being unemployed.
 Quoting: Anonymous Coward 15479974


i don't what the numbers say. People know it hasn't gotten any better. No jobs, gas and food going up. They can fake the numbers all they want, the people know.
 Quoting: Anonymous Coward 1466124


Everyone I know is doing just fine, in fact slightly better than in '08.

Where do you live where people are so fucking destitute?
 Quoting: Anonymous Coward 9066073



CAN YOU EVEN FUCKING READ???

it is just getting sad now. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to 88,419,000.

N% of 301,000,000 (approx population of US) is 88,419,000?

Answer 29.45%

Go pound dirt shill.

Nick®
:foamy:
 Quoting: Nickadeemus


Do you truly understand how that number is calculated? Does the fact that the labor force participation rate has never been above 70% mean anything to you? That means the non-participation rate has never been less than 30%

Not even missing the point that your numbers are wrong. No. Even putting that aside. The real non participation rate is 36.5% not 29.45%

The labor force non participation rate includes high school students 16 and over, stay at home moms, people so rich that they don't have to work, college students that don't work because they are in school full time, people that retire before the age of 65. Many retire at 62. And then .... FINALLY...The unemployed. The fact that you didn't know this and didn't care to look it up before spouting your nonsense just proves how much of a gullible sheep you are. baaaaah
Ijustforgotit

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05/04/2012 10:58 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
This made me sick... The government is allowing our economy to bleed dry... think of 4.2Billion extra dollars per year being put into free energy or education

Thread: SOMETHING WE ALL SHOULD KNOW:illegal immigrants stealing BILLIONS of dollars and the IRS knows it
Anonymous Coward
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05/04/2012 11:08 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
all this Number means is the last time the economy was this bad was in 1981. WE ALREADY KNEW THAT.
DoorBert

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05/04/2012 11:09 AM

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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
Bill Gross, manager of the world’s largest mutual fund, said U.S. unemployment is now a structural, and not cyclical, problem stemming from technology advances and the lack of retraining.

“Jobs are being structurally destroyed,” Gross said in an interview today with Ken Prewitt and Tom Keene on Bloomberg Radio’s “Bloomberg Surveillance.” Employment figures released today reflect “the inability of the U.S. economy to provide jobs.”

[link to www.bloomberg.com]
Anonymous Coward
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05/04/2012 11:12 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
8.1%

Clearly more & more people are maxing bennies, falling off rolls, or flat out giving up.

Only explanation for such a miss in jobs creation, but yet a lower percentage unemployed. I just hope most regular folks connect the dots on those numbers.
 Quoting: Lady Jane Smith


How do you give up?

What do you do? Steal? Just die?

How can you NOT look for work anymore?
Anonymous Coward
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05/04/2012 11:22 AM
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Re: BAD: JOBS REPORT MISSES BADLY AT 115K, UNEMPLOYMENT DROPS TO 8.1%!!! HALF A MILLION PEOPLE DROPPED OUT OF THE LABOR FORCE!!!
.




you can't trust any of these numbers.


real unemployment is more like 25% and has been for awhile.





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