Markets won't like bad jobs numbers on Friday

NY Post ^ | December 1, 2009 | John Crudele

[Scanian]

THE experts are very confident that Friday's report on the employment market for November will show the least number of job losses in quite a while, perhaps as few as 114,000.

I hope that's true. But I don't think it will be.

As you know, these monthly job figures are very important to traders on Wall Street who can make money when the financial markets are confronted with surprises.

And with all that's going on in the world -- Dubai's problems, America's economic crisis and the US stock market's seeming indifference to both -- a bad report Friday will just add to the straws on the camel's back.

[MeneMeneTekelUpharsin]

ALL reports are now lies. It doesn’t matter what economic reports are presented.

[palmer]

The market can easily climb that wall of worry. Does anyone believe that it matters one whit to the market when Americans are unemployed, when the big profits come from the carry trade and other speculation? The most logical response to bad employment numbers is that the Fed never raises rates when employment numbers are bad, so the carry trade profits will continue indefinitely.

[FromLori]

Such frauds in this administration all those lies about the stimulus jobs now look I guess all they need is time according to Summers

Cutting jobless will take time: Summers

http://www.reuters.com/article/topNews/idUSTRE5B00BA20091201?feedType=RSS&feedName=topNews&rpc=22&sp=true

BUT THIS IS A MORE ACCURATE EXPLANATION

Why the U.S. may have a long-term unemployment problem

http://blogs.reuters.com/james-pethokoukis/2009/11/30/why-the-us-may-have-a-long-term-unemployment-problem/