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Per twitter NFP 162K, Exp. 185K (Epic Fail)

Posted on 08/02/2013 5:30:41 AM PDT by Perdogg

NFP 162K, Exp. 185K— zerohedge (@zerohedge) August 2, 2013



TOPICS: Business/Economy; Chit/Chat
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1 posted on 08/02/2013 5:30:41 AM PDT by Perdogg
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To: SeekAndFind; Wyatt's Torch

ping


2 posted on 08/02/2013 5:31:50 AM PDT by Perdogg (Cruz-Paul 2016)
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To: Perdogg

Found one they couldn’t fudge enough this week. How about that?


3 posted on 08/02/2013 5:34:24 AM PDT by John W (Viva Cristo Rey!)
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To: Perdogg

Oh, that’s great news!

Now Mr. Bernanke can keep his magic printing press going and continue to flood the market with worthless dollars.


4 posted on 08/02/2013 5:34:27 AM PDT by Arm_Bears (Refuse; Resist; Rebel; Revolt!)
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To: Perdogg

But, the unemployment rate just dropped to 7.4%. WTF? (over)


5 posted on 08/02/2013 5:35:20 AM PDT by Road Warrior 04 (Molon Labe! (Oathkeeper))
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To: Perdogg

But....but.....but.....didn’t unemployment go down??


6 posted on 08/02/2013 5:36:25 AM PDT by SoFloFreeper
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To: Perdogg
To translate what “NFP 162K, Exp. 185K” means for those that might not have a clue, NFP stands for non-farm employment, meaning jobs that are supposedly permanent. Exp. Stands for expected growth.
7 posted on 08/02/2013 5:37:04 AM PDT by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
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To: Bushbacker1

labor participation rate dropped thats why it went down, its ridiculous.


8 posted on 08/02/2013 5:40:20 AM PDT by sunmars
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To: Bushbacker1

No...they lie based on “expected” growth and then change the number back (quietly) back to reality the next week, and they have done this on every single jobs report during this administration. Every single one. (not to mention how they changed how employment and unemployment are calculated in order to make themselves look better).


9 posted on 08/02/2013 5:40:40 AM PDT by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
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To: Durus

Payrolls Miss 162K vs 185K Expected, June Revised Lower To 188K; Unemployment Rate 7.4%


10 posted on 08/02/2013 5:41:13 AM PDT by Perdogg (Cruz-Paul 2016)
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To: sunmars
James Pethokoukis ‏@JimPethokoukis 1m If labor force participation were back at July 2012 level, the unemployment rate would 7.8%; 10.7% at Jan. 2009 level Epic fail for Obama. This is all about people dropping off the books.
11 posted on 08/02/2013 5:42:38 AM PDT by sunmars
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To: sunmars; Wyatt's Torch

Whatever you do, don't look at YTD full/part time breakdown— zerohedge (@zerohedge) August 2, 2013


12 posted on 08/02/2013 5:44:26 AM PDT by Perdogg (Cruz-Paul 2016)
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To: Perdogg

Silver is suddenly straight up almost a buck, and the DJII futures lost 50 points in about a minute. Looks like bad news is bad news for once.


13 posted on 08/02/2013 5:48:40 AM PDT by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: Perdogg

Market whisper number was 200k +. Big miss.


14 posted on 08/02/2013 5:59:22 AM PDT by Thane_Banquo ( Walker 2016)
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To: Perdogg

Don’t forget the May revision -29,000


15 posted on 08/02/2013 6:01:09 AM PDT by griswold3
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To: Perdogg

A ZH poster made the point that in a normal world people would look at this weak number (162K) and say the Fed has been doing everything in their power, yet the numbers after 5 years are still bad.

One thing at this point should be perfectly clear: Trillions of dollars spent by the central planners have failed to improve the economy. We will pay a very high price in the future for this epic failure and the resulting economic distortions.


16 posted on 08/02/2013 6:07:31 AM PDT by Starboard
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To: Starboard; All

Full report here:

http://www.bls.gov/news.release/empsit.nr0.htm


17 posted on 08/02/2013 6:08:54 AM PDT by Perdogg (Cruz-Paul 2016)
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To: Bushbacker1

240K stopped looking for work last month.


18 posted on 08/02/2013 6:09:39 AM PDT by cornfedcowboy
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To: Starboard

Exactly right. Would like the resident freepers who come on these threads and try to turn Obama’s sow’s ear into a silk purse to respond to that.


19 posted on 08/02/2013 6:12:33 AM PDT by John W (Viva Cristo Rey!)
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To: Starboard

That’s a bit short sighted by the ZH poster. The Fed has done the right thing supplying the needed liquidity (look at velocity) but they are fighting the fiscal and regulatory and tax side of the government. Things would be a hell of a lot worse if the Fed didn’t supply the liquidity the system is demanding. The economy is still weak because the business environment created by this administration is openly hostile to business and profits. My company is still hesitant ant to hire because we aren’t sure what the regulatory, tax, healthcare cost environment is going to be.


20 posted on 08/02/2013 7:22:42 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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