Economy
See other Economy Articles
Title: Wall Street Jumps on Jobs Data; Oil Falls More
Source:
New York Times
URL Source: http://www.nytimes.com/2011/05/07/business/global/07markets.html
Published: May 6, 2011
Author: THE ASSOCIATED PRESS
Post Date: 2011-05-06 10:24:28 by lucysmom
Keywords: oil, jobs, economy
Views: 44001
Comments: 53
The biggest corporate hiring spree in five years is reversing a weeklong slide in the stock market. Add to Portfolio The government, in its latest snapshot on employment, said the economy added 244,000 jobs overall last month, well above the 185,000 jobs that analysts had forecast. Private employers created 268,000 jobs , the report said. The unemployment rate rose to 9.0 percent from 8.8 percent in part because it counted more people who resumed looking for work. Indexes jumped sharply at the open, with the Dow Jones industrial average rising 131.08 points, or 1 percent. The broader Standard & Poor’s 500-stock index gained 13.72 or 1 percent, while the technology heavy Nasdaq rose 25.81, or 0.92 percent.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
Comments (1-13) not displayed.
.
.
.
#14. To: war (#11)
Or proofread.
The Republican budget goes after children and the poor. Courage would be going after defense and the rich. Bill Maher
Chyea...how you doing? Happy Mother's Day...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." Imported rice paper no doubt.
The Republican budget goes after children and the poor. Courage would be going after defense and the rich. Bill Maher
You believe everything the propagandists tell you, don't you? They tell you unemployment is 9.X%, and you think we're just doing swell, right? During the Great Depression, unemployment was 25-35%... Our real unemployment rate is currently about 23%, when you strip away all the government manipulations to the numbers. If you were paying attention, this would already be evident. Oh, you don't want to talk about that, let's talk GDP, yes? "Helicopter Ben" Bernanke claims we're growing at around 2%... But again, when you strip away the manipulations, REAL GDP is in the negative territory, and has been so for over ten years... Of course, if you were paying attention, that would have been no surprise... How about INFLATION? "Helicopter Ben" also tells us that inflation is ~2.5%... But a trip to the grocery store will tell you it's a lot higher... Right around 10%, at the moment... In all seriousness, you need to turn off the TV, and start paying attention for yourself... This country is headed over the financial cliff, and there's nobody in D.C. with both the clout and strength, to stop it. That's the truth. And whether you identify yourself with an "R" or a "D" won't mean diddly-shit... It's not about politics, "partisanship" or whatever PC- term you want to use... it's about numbers, economics. In short, we're OUT of money. Our credit-cards are maxxed-out, and we're not even able to make minimum payments. GET IT?
Socialist ass-hats think "There will be no more money when the U.S. dollar has no value, until that time we can keep printing more." And yes, that IS from LF's answer to Ben Bernanke, go65, leading disfunctional and delusional socialist of the forum. "You want me to kill THE ENEMIES of Jappos, I'll kill THE ENEMIES of Jappos, Rebs, or Sioux, or Cheyenne... For 500 bucks a month I'll kill whoever you want. But keep one thing in mind: I'd happily kill you for free." Algren, "The Last Samurai" If you want to send Erica into a tizzy...ask him to source his graphs...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." I am well - really busy. Thank you for the good wishes.
The Republican budget goes after children and the poor. Courage would be going after defense and the rich. Bill Maher
So then you admit Bush and his Republican majority and tax cuts trashed the economy.
The Republican budget goes after children and the poor. Courage would be going after defense and the rich. Bill Maher
Well, DwarF, you're still the forum piece of shit... Here, I'll make it simple, even for a moron like YOU... Right-click on any of the charts, and then click "properties." Or, if you want to educate yourself, go to www.shadowstats.com, and click "Content Index" and then click on "Primers and Reports." Since you argue against his primers and reports, I'd certainly like to see you produce credible evidence to support your viewpoints... But then again, your viewpoint is a bit... distorted. Socialist ass-hats think "There will be no more money when the U.S. dollar has no value, until that time we can keep printing more." And yes, that IS from LF's answer to Ben Bernanke, go65, leading disfunctional and delusional socialist of the forum. "You want me to kill THE ENEMIES of Jappos, I'll kill THE ENEMIES of Jappos, Rebs, or Sioux, or Cheyenne... For 500 bucks a month I'll kill whoever you want. But keep one thing in mind: I'd happily kill you for free." Algren, "The Last Samurai" Toldja...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." Yes, unemployment is a lagging indicator. "Thats because your basically and idiot." if we were seeing this kind of recovery under President McCain, i'm sure our GOP-leaning friends would have a much different view.
"Thats because your basically and idiot." It's been on a downward trend since the mid-80's. This can also be seen below... If you look strictly at manipulated GDP numbers, you could say, "oh, we've been growing all this time." But our government has been borrowing heavily, to maintain that illusion, leading to where we are now... As I told you before, BOTH sides of the aisle are responsible. A "republican" president with a democrat congress, a "democrat" president with a republican congress... No matter who sits in the White House, the trend continues unabated. Now... can you get PAST this R vs. D false-dichotomy?
Socialist ass-hats think "There will be no more money when the U.S. dollar has no value, until that time we can keep printing more." And yes, that IS from LF's answer to Ben Bernanke, go65, leading disfunctional and delusional socialist of the forum. "You want me to kill THE ENEMIES of Jappos, I'll kill THE ENEMIES of Jappos, Rebs, or Sioux, or Cheyenne... For 500 bucks a month I'll kill whoever you want. But keep one thing in mind: I'd happily kill you for free." Algren, "The Last Samurai" Right on cue. Funny how that knee jerk thing works.
The Republican budget goes after children and the poor. Courage would be going after defense and the rich. Bill Maher
I don't remember Eric ever being a fan of Bush or his policies.
Hey!!!!
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." This can also be seen below... If you look strictly at manipulated GDP numbers, you could say, "oh, we've been growing all this time." But our government has been borrowing heavily, to maintain that illusion, leading to where we are now... Mid 80s - are we talking about saint Ronald and his voodoo economics?
The Republican budget goes after children and the poor. Courage would be going after defense and the rich. Bill Maher
How goes it?
If shutting down a liar is a "knee jerk thing," then I'm good with that. I put up on MY side, DwarF... Now put up on yours, or STFU. Ping to the forum posters who know shit from shinola about economics.
Socialist ass-hats think "There will be no more money when the U.S. dollar has no value, until that time we can keep printing more." And yes, that IS from LF's answer to Ben Bernanke, go65, leading disfunctional and delusional socialist of the forum. "You want me to kill THE ENEMIES of Jappos, I'll kill THE ENEMIES of Jappos, Rebs, or Sioux, or Cheyenne... For 500 bucks a month I'll kill whoever you want. But keep one thing in mind: I'd happily kill you for free." Algren, "The Last Samurai" Very well...I was out your way last week. Beautiful weather...made it down to the Half Moon Bay area for a bit... How have you been?
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." Some of them I supported at the beginning... like the invasion of Afghanistan and Iraq... I know better, now.
Socialist ass-hats think "There will be no more money when the U.S. dollar has no value, until that time we can keep printing more." And yes, that IS from LF's answer to Ben Bernanke, go65, leading disfunctional and delusional socialist of the forum. "You want me to kill THE ENEMIES of Jappos, I'll kill THE ENEMIES of Jappos, Rebs, or Sioux, or Cheyenne... For 500 bucks a month I'll kill whoever you want. But keep one thing in mind: I'd happily kill you for free." Algren, "The Last Samurai" If you think 60,000 plus new jobs wearing a paper hat at McDonalds is a 'silver lining'...well, maybe thats a step up for you, I don't know. I remember the uber liberals claiming when we had below 5% unemployment during the Bush era it was 'only Mcdonald's jobs' with such disdain....(laughing) Personally, I appreciate the great service you and your co workers provide me there, goofy.
bin Laden's last Facebook Post: 'Brb! Someone's at the door!'
And the democrat congress... look at the signature of go56, to understand the significance of that fact... Do you get that it's not a R vs. D thing yet? Do you get that it's a BANKSTER thing yet??? Do you understand that the Fed put together a national PONZI-scheme???
Socialist ass-hats think "There will be no more money when the U.S. dollar has no value, until that time we can keep printing more." And yes, that IS from LF's answer to Ben Bernanke, go65, leading disfunctional and delusional socialist of the forum. "You want me to kill THE ENEMIES of Jappos, I'll kill THE ENEMIES of Jappos, Rebs, or Sioux, or Cheyenne... For 500 bucks a month I'll kill whoever you want. But keep one thing in mind: I'd happily kill you for free." Algren, "The Last Samurai" War: "If you want to send Erica into a tizzy...ask him to source his graphs..." Okay, where is the lie?
The Republican budget goes after children and the poor. Courage would be going after defense and the rich. Bill Maher
You think Republicans will add high paying jobs when they are cutting education?
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
He insinuates that I don't source. I do. ALWAYS.
Socialist ass-hats think "There will be no more money when the U.S. dollar has no value, until that time we can keep printing more." And yes, that IS from LF's answer to Ben Bernanke, go65, leading disfunctional and delusional socialist of the forum. "You want me to kill THE ENEMIES of Jappos, I'll kill THE ENEMIES of Jappos, Rebs, or Sioux, or Cheyenne... For 500 bucks a month I'll kill whoever you want. But keep one thing in mind: I'd happily kill you for free." Algren, "The Last Samurai" How have you been? You picked a good time, as we have had nice weather lately. It even got 94 here day before, but the Pacific air conditioning has now cooled it down some. I've been busy trying to take care of the ranch and an ailing relative while fighting off all the gophers before they kill all my raspberries and blueberries. We are surrounded by vineyards now so that means we are the safe haven for the local gophers and deer, and other critters.
That wasn't what I was insinuating. Feel free to guess again...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." Note quite: From today's report: Number of people working part time involuntarily (who would prefer full-time work): 8.6 million • Employ in the retail trade rose 57,000. • Mining employment rose by 11,000 • Construction employment, which continues to struggle, was unchanged. • Manufacturing employment rose 29,000. • Employment in leisure and hospitality services rose 46,000 • Employment in health care services rose 37,000 • Employment in professional and business services rose by 57,000.
"Thats because your basically and idiot." The boat that I take to work in the AM is usually chock full of construction workers. I've noticed their numbers dwindling again. My nephew is an Ironworker and, after working steady since late 2009, he hasn't worked since getting "bumped" off of his last job in early March.
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." McDonalds reported 62,000 new hires, dumbass. Nice try at spin, no ceegar.
Mr President, its 72 virgins, not 72 VERSIONS.
So how did you manage to get a picture of a Liberal in his natural environment and posture???? Is there a window on the front side for him to see out of, or is he just using his "Schwanz" as a periscope?????
"I love the 45 caliber M1911, I respect the 9MM M9 Beretta but I only carry a CZ for my own personal protection". Quote courtesy of Lt Col John Dean Cooper, recognized as the Father of Modern Handgunning (_*_)
I confess, it never occurred to me to even ask! LOL.
List of those unable to think: I like your new tagline....... LOL...... So why am I not on your list???? They're telling me all the time I'm insane....
"I love the 45 caliber M1911, I respect the 9MM M9 Beretta but I only carry a CZ for my own personal protection". Quote courtesy of Lt Col John Dean Cooper, recognized as the Father of Modern Handgunning (_*_)
Because the list includes the forum shills, sheeple, morons, ideologues socialists and traitorous bastards. You don't fit any of those descriptions. To be accused- by them- of being insane, is marvelously ironic. Understand: to be a leftist, you have to be either ignorant or incapable of facing and accepting reality. I.e., stupid or mentally deranged. Many of those on the list... are both.
List of those unable to think: I do get a kick out of it.... LOL.......
"I love the 45 caliber M1911, I respect the 9MM M9 Beretta but I only carry a CZ for my own personal protection". Quote courtesy of Lt Col John Dean Cooper, recognized as the Father of Modern Handgunning (_*_)
If this is true. Why would it be bad news?
It's only bad news to Crazy Eric, who has been predicting the END OF OUR WAY OF LIFE for three years straight now.
"We need to counter the shockwave of the evildoer by having individual rate cuts accelerated and by thinking about tax rebates." — George W. Bush, Washington, D.C., Oct. 4, 2001
Skippy, you and I trade barbs on a regular basis... But I'll set that aside for now, and give you a STRAIGHT answer... no insults of any kind. Tell us, if what you see around you, with regard to what the government is doing, what the economy is doing, what your neighbors or friends are doing.... are an improvement over what things were like, five years ago...? Do you NOT see our country being "taken down" on a systematic basis? Do you NOT see the inflation when you go to the grocery store? When you put gas in the tank of your car? Do you NOT see the level of desperation of people, when you go to a big city, and see progressively more and more people on street corners, begging for money? The fact is that our country isn't just broke, we're completely bust. The signs are everywhere, and the manifestations of this fact will continue to become more and more "in your face." With the exception of government parasites, shills and MSM propaganda pimps, there is no denying what all can see with their own eyes. I started sounding the warning bell more than three years ago, this is true. My education includes a Bach.Sci. in Economics, as well as an MBA... I'm two years away from completing my Doctorate. I don't say this to puff my chest out, but to explain that I study this stuff, because it's fascinating to me (sometimes, it could more accurate to call it "morbid curiosity")... This education helps me in my job (for things like project analyses, NPV calculations, amortizations and depreciations, etc.), but my main tasks revolve around engineering management for my work. In short, what I see, study and understand, is a result of ~15 years of study, much of which does NOT come out of academia. Were my statements based on academic dogma, I'd be a hard-core Keynesian, which any astute poster here will tell you, I'm NOT. In many ways, the myths that are propagated by the government stooges are also repeated by academia. They're just as blind as that jerk Cramer from "Mad Money." The facts are actually quite simple, when you strip away the propaganda: the current net present value (NPV) of government obligations outstanding are not the $14T that the MSM talks about, but >$200T. Since current GDP numbers are something like $15T, it would take 13 years to get out of debt- assuming our government confiscated every dime earned in the country, and put it towards the debt. But of course, IF they did that, the economy would collapse, and nobody would work- why would they, if everything they earned was taken away? Tax revenues are actually only about $2T a year, meaning if the government stopped spending now (and concentrated only on long-term obligations like Social Security, Medicare A & B, retirements for military, etc.), we would be at a net value of zero in ~100 years... Net value of all assets are ~$50T in the USA. In summary, if the government raised the tax rate to 100%, we'd still be bust. If the government confiscated all assets- money, land, cars, everything- we'd still be bust. If they did both, we're still bust. For this reason, our dollar will be dumped as the worlds' reserve currency. I assure you, this WILL happen. But as countries try to move away from the dollar, its value will continue to fall (especially as the Federal Reserve digitally creates billions/month more), and the signs I mentioned at the beginning of this post, will become more and more prevalent. Even the revolts that are occurring in the Middle East are a result of the dollar dropping in value... Because the international currency is still the dollar, and as it goes down in value (while food prices skyrocket due to other factors like droughts, the fires in Russia last year, floods in India, etc.), the prices are being pushed up due to inflation of the dollar. The poorest people in the Middle East- who barely have enough money to buy food- suddenly find food prices going up 50-60%, effectively making it too expensive for them to eat. What ELSE can they do, when they have nothing left to lose? THIS is the real reason for the political unrest there. You may think I'm crazy for saying such things... but the facts are beyond dispute. Oh, some of the forum morons (who do NOT understand economics) will attempt to "spin" the facts to say that black is white, etc... If nobody has told you what's coming, then let me be the first... There will be no "recovery" for the forseeable future. The conditions we're seeing are just the beginning stage of a major crisis, that will affect EVERY country in the world... I don't know your personal situation- whether you have family that you're supporting, or what... and frankly, it's none of my business. But I strongly urge you to take measures, to protect those that depend on you... by avoiding inflation by investing in physical gold or silver... stock up on food and water, medical supplies, weapons, etc. If ALL you do is stock up on food, then think about it this way: if I'm wrong, then you can eat your investment over time, and will have lost nothing. In fact, I'll have saved you money, since prices at the grocery stores are accelerating upwards (as I'm sure you've noticed). PROTECT yourself... protect your family. If such sentiments make me a "crazy," but my crazy ideas help you and your kin, how is that *really* so crazy? Regards
List of those unable to think: Since January over 2 Million have been removed from the US Labor Force. I believe it's below 140 million now....
$ won't fall until our Empire. Housing will continue to fall (9% this year/Zillow). $ will soar.... Of course it's a Feudal Plutocracy... myth buster: Oligarchy is socialism or feudalism. Plutocracy on ... Apr 14, 2011 ... “Oligarchy is socialism or feudalism. Plutocracy on the other hand tends to be indifferent about everyone who is not rich- neither ... www.huffingtonpost.com/.....ay_n_849036_84471517.html - Cached
Chyea...would you expect someone who cannot grasp the concept of contractions to grasp the concept of the "shift" key?
#15. To: lucysmom (#14)
--GW Bush
#16. To: war (#13)
Yep...and the GOP can tale them away and replae them with an edible voucher and then claim "We saved the WIC program!!!"
#17. To: lucysmom (#1)
Oops, bad news, guys.
#18. To: Capitalist Eric, lucysmom (#17)
--GW Bush
#19. To: war (#15)
Chyea...how you doing? Happy Mother's Day...
#20. To: Capitalist Eric (#17)
But again, when you strip away the manipulations, REAL GDP is in the negative territory, and has been so for over ten years...
#21. To: war (#18)
If you want to send Erica into a tizzy...ask him to source his graphs...
#22. To: Capitalist Eric, lucysmom (#21)
--GW Bush
#23. To: Badeye (#2)
Unemployment is back to 95.
The unemployment rate edged up to 9.0%, ending a streak of four straight months of declines. Economists had forecast it would remain unchanged at 8.8%.
The rate often increases as the job market improves and previously discouraged workers return to labor force. An additional 113,000 people who were not previously counted among the unemployed, reentered the labor force in April.
"It's ironic, but a rising unemployment rate in this situation is not a bad thing," said Tig Gilliam, president of the North American unit of job placement firm Adecco.
Badeye posted on 2011-04-29 10:30:22 ET
#24. To: lucysmom (#20)
So then you admit Bush and his Republican majority and tax cuts trashed the economy.
Badeye posted on 2011-04-29 10:30:22 ET
#25. To: lucysmom (#20)
So then you admit Bush and his Republican majority and tax cuts trashed the economy.
#26. To: war (#22)
#27. To: lucysmom, Capitalist Eric (#20)
So then you admit Bush and his Republican majority and tax cuts trashed the economy.
#28. To: mininggold (#27)
--GW Bush
#29. To: Capitalist Eric (#25)
It's been on a downward trend since the mid-80's.
#30. To: war (#28)
Hey!!!!
#31. To: lucysmom, war, A K A Stone, Rudgear, CZ82, jwpegler, harrowup, hondo68, (#26)
Right on cue. Funny how that knee jerk thing works.
#32. To: mininggold (#30)
--GW Bush
#33. To: mininggold (#27)
I don't remember Eric ever being a fan of Bush or his policies.
#34. To: lucysmom (#12)
I knew you could find the dark cloud around the silver lining.
#35. To: lucysmom (#29)
Mid 80s - are we talking about saint Ronald and his voodoo economics?
#36. To: Capitalist Eric (#31)
If shutting down a liar is a "knee jerk thing," then I'm good with that.
#37. To: Badeye, lucysmom (#2)
25% of these jobs your touting here, Lucy, require wearing a paper hat at a McDonald's drive thru window.
#38. To: lucysmom (#36)
#39. To: war (#32)
Very well...I was out your way last week. Beautiful weather...made it down to the Half Moon Bay area for a bit...
#40. To: Capitalist Eric (#38)
--GW Bush
#41. To: Godwinson, badeye, lucysmom (#37)
25% of these jobs your touting here, Lucy, require wearing a paper hat at a McDonald's drive thru window.
Badeye posted on 2011-04-29 10:30:22 ET
#42. To: go65 (#41)
Construction employment, which continues to struggle, was unchanged.
--GW Bush
#43. To: go65 (#41)
#44. To: Capitalist Eric (#21)
#45. To: CZ82 (#44)
Is there a window on the front side for him to see out of, or is he just using his "Schwanz" as a periscope?????
mcgowanjm, ferret mike, skippy, fartboy/yukko, white sands, bucky, lucys idiot mom, e_type_jackoff, go56, badlie, wreck, calCON, Kafir, war, Banjo Boris, Biff, Godwinson and meguro. If you're on the above list...? PISS OFF.
#46. To: Capitalist Eric (#45)
List of those unable to think: mcgowanjm, ferret mike, skippy, fartboy/yukko, white sands, bucky, lucys idiot mom, e_type_jackoff, go56, badlie, wreck, calCON, Kafir, war, Banjo Boris, Biff, Godwinson and meguro. If you're on the above list...? PISS OFF.
#47. To: CZ82 (#46)
So why am I not on your list???? They're telling me all the time I'm insane....
mcgowanjm, ferret mike, skippy, fartboy/yukko, white sands, bucky, lucys idiot mom, e_type_jackoff, go56, badlie, wreck, calCON, Kafir, war, Banjo Boris, Biff, Godwinson and meguro. If you're on the above list...? PISS OFF.
#48. To: Capitalist Eric (#47)
To be accused- by them- of being insane, is marvelously ironic.
#49. To: lucysmom (#1)
Oops, bad news, guys.
#50. To: A K A Stone (#49)
If this is true. Why would it be bad news?
#51. To: Skip Intro, A K A Stone (#50)
It's only bad news to Crazy Eric, who has been predicting the END OF OUR WAY OF LIFE for three years straight now.
mcgowanjm, ferret mike, skippy, fartboy/yukko, white sands, bucky, lucys idiot mom, e_type_jackoff, go56, badlie, wreck, calCON, Kafir, war, Banjo Boris, Biff, Godwinson and meguro. If you're on the above list...? PISS OFF.
#52. To: lucysmom (#1)
#53. To: Capitalist Eric (#51)
Top • Page Up • Full Thread • Page Down • Bottom/Latest
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]