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Thread: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

  1. #241
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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    consumer confidence, near an all time low, fell 4 points THIS WEEK

    according to abc

    No Springtime for Consumer Sentiment - ABC News Consumer Comfort Index

    indeed, the business cycle dating committee of the national bureau of economic research (LOL!) was sadly and "unusal[ly]" unable to proclaim the recession over: “the committee decided that the determination of the trough date on the basis of current data would be premature”

    damn trough dates...
    Last edited by The Prof; 04-14-10 at 07:09 PM.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by The Prof View Post
    ...indeed, the business cycle dating committee of the national bureau of economic research (LOL!) was sadly and "unusal[ly]" unable to proclaim the recession over: “the committee decided that the determination of the trough date on the basis of current data would be premature”

    damn trough dates...
    NBER discussed the technical reasons behind its prudent decision to wait. NBER noted that most of the data has been positive, but that data is not yet final. NBER did not postpone its decision due to a lack of evidence of growth.

    NBER explained:

    Although most indicators have turned up, the committee decided that the determination of the trough date on the basis of current data would be premature. Many indicators are quite preliminary at this time and will be revised in coming months. The committee acts only on the basis of actual indicators and does not rely on forecasts in making its determination of the dates of peaks and troughs in economic activity.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    exactly

    consumer confidence is thru the floor

    and nber can't say the recession's over

    too bad

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Another week. Another "unexpected" jump in jobless claims. Another "blame it on Easter" excuse:
    New weekly jobless claims unexpectedly rose by 24,000 to 484,000 last week, the government said this morning, increasing worries that high unemployment will stick around for a long time.

    Forecasters had expected the new jobless claims number to come in at 430,000.

    The four-week moving average, which smooths out volatility in the number, rose by 7,500 last week to 457,750.

    Continuing claims rose from 4.57 million to 4.64 million.

    Economists suggest the spike in claims could be related to the Easter holiday.
    Economy Watch - New jobless claims unexpectedly rise by 24,000
    Premarket: Jobless claims disappoint - The Globe and Mail
    RTÉ Business: Easter blamed for US jobless rise

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by The Prof View Post
    exactly

    consumer confidence is thru the floor

    and nber can't say the recession's over

    too bad
    once again you post your partisan talking points without checking the facts. You brought up the Consumer Confidence Index - let's check it, shall we?

    The Conference Board Consumer Confidence Index®, which had decreased in February, rebounded in March. The Index now stands at 52.5 (1985=100), up from 46.4 in February. The Present Situation Index increased to 26.0 from 21.7. The Expectations Index improved to 70.2 from 62.9 last month.
    Consumers’ assessment of current-day conditions was less negative in March. Those claiming conditions are "bad" decreased to 42.8 percent from 45.1 percent, while those claiming business conditions are "good" increased to 8.6 percent from 6.8 percent. Consumers’ assessment of the labor market was also less pessimistic. Those saying jobs are "hard to get" declined to 45.8 percent from 47.3 percent, while those saying jobs are "plentiful" increased to 4.4 percent from 4.0 percent.

    Consumers’ short-term outlook improved in March. Those anticipating conditions will worsen over the next six months declined to 13.9 percent from 15.9 percent, while those anticipating an improvement increased to 18.3 percent from 16.1 percent.


    Consumer Confidence Index - The Conference Board

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by WillRockwell View Post
    once again you post your partisan talking points without checking the facts. You brought up the Consumer Confidence Index - let's check it, shall we?
    Maybe some added context will help you in interpreting the facts:


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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    consumer confidence dropped THIS WEEK

    consumer confidence is thru the floor

    partisan talking points---LOL!

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    did you see the DISASTROUS breaking news yesterday concerning HOUSING?

    Defaults Rise in Federal Loan Modification Program - NYTimes.com

    fully SIXTY PERCENT of those who received "help" from obama's HAMP program, a "dismal failure," according to dem congresswoman jackie speier, went on to REDEFAULT within a year

    and yesterday we learned (thanks to the partisan talking points put out by the NEW YORK TIMES---LOL!) that that rotten rate of raunchy no-return DOUBLED in MARCH

    devastating

    IT ALL STARTED WITH HOUSING

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by The Prof View Post
    did you see the DISASTROUS breaking news yesterday concerning HOUSING?

    Defaults Rise in Federal Loan Modification Program - NYTimes.com

    fully SIXTY PERCENT of those who received "help" from obama's HAMP program, a "dismal failure," according to dem congresswoman jackie speier, went on to REDEFAULT within a year

    and yesterday we learned (thanks to the partisan talking points put out by the NEW YORK TIMES---LOL!) that that rotten rate of raunchy no-return DOUBLED in MARCH

    devastating

    IT ALL STARTED WITH HOUSING
    Yes, Obama's attempt to save the housing sector and reduce foreclosures was a dismal failure. No doubt about it. I guess it shows that the damage done by the previous administration was much worse than first thought. The housing sector can not be fixed, at least not for decades. And as unemployment grows so does the foreclosure rate. Obama just doesn't have what it takes to pull us out of the Bush financial collapse.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    will the partisan talking points put up by the associated press (LOL!) and the paper reporting all the news that's fit to print never stop?

    home foreclosures in the first quarter of 2010 rose at an ALL TIME RECORD level

    Foreclosure rates surge, biggest jump in 5 years - Yahoo! News

    up 35% over Q1, 09

    up 9% compared to the 3 months immediately preceding

    furthermore, forlorn folks facing foreclosure are 16% higher

    this, despite hamp, despite efforts by banks to modify mortgages, to grant mortgage moratoria

    even more ominous, the pace for next quarter is expected to ACCELERATE

    no wonder nber can't say the recession is over

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