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Thread: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    BTW - as of yesterday's close - the DOW was down for 2014.

    INDU Quote - Dow Jones Industrial Average Index - Bloomberg


    73,000 jobs lost in April, 0.1% GDP rise, 0.1% rise in retail sales in April...and now the DOW (and the Russell 2000 - a small cap index) is down for the calender year.

    Either the weather is to blame or more QE anyone?

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Conservative View Post
    No police and firemen in my community are in unions.
    Somebody oughta tell them.

    Houston Police Officers' Union

    Houston Professional Fire Fighters Association, IAFF Local 341

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%


    I don't live in Houston, I live 30 miles North of Houston, maybe you ought to get the true facts before spouting rhetoric.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by DA60 View Post
    73,000 jobs lost in April
    You can say that as many times as you want, but it will never be true. Why does everyone else say that 288K were added? Because they understand the difference between the CPS and the CES. I've been doing this work for fifteen years. You don't know what yer talking about.

    This is the similar to the nonsense trumpeted all over right-wing media that "92 million Americans can't find a job!" No, 92 million Americans aren't looking for work; most of them are retired or in school.

    >>0.1% GDP rise

    Slow quarter. Consensus forecast for 2014 is 2.5-3%

    >>0.1% rise in retail sales in April

    Three-month moving average of 0.6%, a 7.5% annual increase.

    >>now the DOW (and the Russell 2000 - a small cap index) is down for the calender year.

    Yeah, the Dow average is off about 1%, all of it in the last two sessions. Are you a day trader? Here's the last six months:



    More to the point, what the hell do short-term fluctuations in the stock market have to do with the health of the economy?

    >>Either the weather is to blame or more QE anyone?

    There is nothing to be blamed for.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Conservative View Post
    I don't live in Houston, I live 30 miles North of Houston, maybe you ought to get the true facts before spouting rhetoric.
    Won't have you in the city, eh?

    I was going by the location listed in yer profile. The exact location of yer residence is a rather obscure fact. How was I being rhetorical?

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by mmi View Post
    Won't have you in the city, eh?

    I was going by the location listed in yer profile. The exact location of yer residence is a rather obscure fact. How was I being rhetorical?
    I live in the Houston area, but not Harris County. If I put the exact city no one would know where it is. Further the unions in Houston are just as corrupt as they are in other parts of the country. You don't seem to understand unions at all and buy what you are told and believe what you want to believe. Why is that? Any idea why union management has so many 6 figure managers? What is it about unions that create your support and yet you are in the minority?

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by mmi View Post
    You can say that as many times as you want, but it will never be true. Why does everyone else say that 288K were added? Because they understand the difference between the CPS and the CES. I've been doing this work for fifteen years. You don't know what yer talking about.

    This is the similar to the nonsense trumpeted all over right-wing media that "92 million Americans can't find a job!" No, 92 million Americans aren't looking for work; most of them are retired or in school.

    >>0.1% GDP rise

    Slow quarter. Consensus forecast for 2014 is 2.5-3%

    >>0.1% rise in retail sales in April

    Three-month moving average of 0.6%, a 7.5% annual increase.

    >>now the DOW (and the Russell 2000 - a small cap index) is down for the calender year.

    Yeah, the Dow average is off about 1%, all of it in the last two sessions. Are you a day trader? Here's the last six months:



    More to the point, what the hell do short-term fluctuations in the stock market have to do with the health of the economy?

    >>Either the weather is to blame or more QE anyone?

    There is nothing to be blamed for.
    Really struck a nerve their huh?

    The reason most people use the CPS number is probably because they don't know any better. I guarantee you the average American has no idea there is a CPS and a CES number. They just read the headline and sop it up.
    Personally, I don't much care what they think...I will use the (IMO) more accurate number.
    Obviously, you won't think it more accurate...you are obviously bias.

    As for the number...I will say it again.

    Go to line four of the link. Look at the end of the line...what does it say? It says - ACCORDING TO THE BUREAU OF LABOR STATISTICS - that there were 73,000 less Americans employed in April then there were in March.

    Employment Situation Summary Table A. Household data, seasonally adjusted


    As for the rest of your post...again, you are apparently extremely bias and obviously will try and spin the numbers.

    I simply posted accurate numbers:

    DOW and the Russell 2000 are both down for the year, 1'st quarter GDP up only 0.1%, retail sales were up only 0.1% in April (and remove car sales and gas and they were actually down) AND there were 73,000 less Americans working in April then in March.

    Those are facts.


    Good day.
    Last edited by DA60; 05-16-14 at 06:18 PM.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by DA60 View Post
    Really struck a nerve their huh?

    The reason most people use the CPS number is probably because they don't know any better. I guarantee you the average American has no idea there is a CPS and a CES number. They just read the headline and sop it up.
    Personally, I don't much care what they think...I will use the (IMO) more accurate number.
    Obviously, you won't think it more accurate...you are obviously bias.
    Why do you think a sample size of 60,000 households could possibly be more accurate than a sample of 144,000 businesses (554,000 worksites)?
    How does that math work?

    the CPS is broader and more inclusive, and the two measure different things, but as far as accuracy? CES is more accurate.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by pinqy View Post
    Why do you think a sample size of 60,000 households could possibly be more accurate than a sample of 144,000 businesses (554,000 worksites)?
    How does that math work?

    the CPS is broader and more inclusive, and the two measure different things, but as far as accuracy? CES is more accurate.
    The reason I prefer one over the other is the CES is (IMO) estimated using more assumptions, models and other creative computations that the BLS seems to love so much - then the other one.

    You don't agree - I DON'T CARE.

    Either post links to unbiased facts that factually proves me wrong or you will be ignored.

    I have no time or desire to interact with you for reasons I have explained several times to you.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Helix View Post
    the dems laid into Bush even when the economy wasn't horrifyingly awful. now, they ended up being right; all of the stupid wall street gambling really did destroy the economy, but they didn't really know that was going to happen.
    The economy died because of Socialist policies. Carter started CRA and then Clinton went overboard, forcing banks to make loans to people who could not pay them back.

    Militant ACORN had Obama as a helper. He was once proud and vocal. He was ACORN's attorney. Another Obama failure.

    Republicans, including McCain and Bush tried to get some sanity into the system, but Demokrats went rabid.

    Once again... it is socialist schemes that caused misery.

    Typical of Libs and as Obama says on the vid... "the original idea was a good one..."
    NO IT WAS NOT A GOOD IDEA. IT WAS DUMB. IT TANKED THE ECONOMY YOU IDIOT. IT FAILED SPECTACULARLY... AND IT CAUSED MISERY TO MILLIONS.

    But it does explain why Obama clings bitterly to his Marxism. He thinks the idea is good. The intentions are good. He ignores the fact socialism fails everywhere it is tried... it's just a matter of time.

    Here is Cuomo... Then HUD Secretary telling us why they forced banks to give loans, and admits some loans will not be paid back... as he says... it is "affirmative action" and a "greater risk", and will be "a higher rate of default". They simply did not expect their idiocy to tank the economy. It did.

    Last edited by zimmer; 05-17-14 at 06:07 AM.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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