May 4 2012, 09:16 AM
Yesterday's layoffs showed 4,100 MORE than a year ago!
It looks like they couldn't sharpen their pencils enough this time.
The market will have to hang it's hat on Zuckerberg to hold an increasingly important 1370 area.
It looks like that "typical" May top came a week early, no doubt in part because of reality.Employment Situation
"April jobs were softer than expected but there were upward revisions and the unemployment rate dipped to 8.1 percent from 8.2 percent in March.
Private payrolls rose 130,000 in April after a 166,000 increase the prior month. The consensus forecast was for a 178,000 advance.
Average hourly earnings were flat.
the unemployment rate to 8.1 percent reflected a 342,000 decline in the labor force.
Household employment fell 169,000. "The dip in the unemployment rate is for the wrong reason and there could be reversal if more return to active job searches."
"April jobless rate 8.1%...
Labor Force Participation Lowest Since 1981...
Disability applications soar...
REPORT: 29.7M unemployed...
BILLIONS AND BILLIONS AND BILLIONS!
BLOWOUT: FACEBOOK Values Itself at Up to $96B...
Biggest Web Public Offering...
The increasing importance of 1370ish:
May 4 2012, 09:40 AM
Of course its wrong. Its 22% unemployment, not 8.1. They figure if they keep telling lies long enough everyone will believe it. Now its not that people are dropping from the labor force. Thats another lie too. People arent "dropping"from the labor force. They are being lured, coerced, pressured, repressed, and pyschologically bludgeoned into welfare, retirement, occupy the couch, and into pathetic lumps of inactivism. Point blank, if you are not working, you are unemployed. Period. Participation rate is bullcrap by definition. Its another fabrication and excuse by government to entrap people into thinking its acceptable to not be working. Well no its not acceptable. If you are not working, by definition you are leeching off the rest of society. Just having the words out there of "participation rate" provides people that "excuse" in the form of a label, that they are simply in the group who is "not participating" in "labor" today. Labor is a bad word here in the US nowadays. People in this country have no shame. Theyve lost that element of what it means to be human. They are shutting down key emotions and becoming numb. They are zombies now.
Its really sick when you think about how pathetic our governments have become, how lazy our society has become, and how accepting weve become of all these enabling and crippling labels. Participation rate is an excuse. Its a fraud. Its a fabrication by government, and an unwillingness to accept responsibility for the true welfare of citizens and people on the planet. Call it what it is for crisssakes. Call it 22% unemployment. Bring back some element of shame. Get people off their lazy freaking arses, dump snap, welfare programs, and let people see others on the street in droves. Get them out of their dam foreclosed homes and stop milking the system by not paying mortage payments for 3 years straight !
These people are hiding. They are blending into the background. They have no shame. As does the government fabricators who say there is 8.1 % unemployment. I mean if they go that far, why not freaking say its zero unemployment as the people who arent working really and truly have no desire to work, and 40% of the capable but unemployed adult population are really just a bunch of welfare laden, scum sucking, pilferers. Just say it right now people, obama, and every congressman. We have zero % unemployment ! truly everyone who wants to work, has a job. Period. Sheesh.
May 4 2012, 02:46 PM
The whole scam is that it's not suppose to be 9% unemp
because it's not suppose to be every man woman and child in
w2 taxable ponzie scam.
It's should be a living income that supports the family.
Oh, it was that way, and that was so bad it had to be destroyed.