Labor Force Participation Rate Remains At 25 Year Low 64.2%, Birth/Death Adjustment: +117,000

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Fri, 04/01/2011 - 08:43 | 1124551 slow_roast
slow_roast's picture

Maybe the unemployed are too busy eating Ipads.

Fri, 04/01/2011 - 09:09 | 1124675 Sudden Debt
Sudden Debt's picture

As Obama would say:

FELLOW AMERICANS!! WE NEED YOUR HELP IN FIGHTING THE UNEMPLOYMENT!!

DROP DEATH!! THANK YOU!!!

Fri, 04/01/2011 - 09:22 | 1124734 Cash_is_Trash
Cash_is_Trash's picture

The Fukushima 50 are hiring people removing toxic sludge.

That'll ease the unemployment huh, Benny?

Fri, 04/01/2011 - 09:37 | 1124804 G-R-U-N-T
G-R-U-N-T's picture

LMAO...

Fri, 04/01/2011 - 08:42 | 1124552 jesse livermoore
jesse livermoore's picture

but somehow the unemployment rate ticked down.    ???

Fri, 04/01/2011 - 08:46 | 1124567 LawsofPhysics
LawsofPhysics's picture

Amazing what happens when people are simply no longer counted.  More "invisible" troops for the revolution?  What happens when a few million, well-armed, invisible people show up in Wall Street or Washington?

Fri, 04/01/2011 - 08:52 | 1124583 Cash_is_Trash
Cash_is_Trash's picture

LOP: The countdown accelerates swiftly to our own Tahrir Square.

But the CIA will start arming the Loyalists a.k.a. the Criminal Syndicate, not the rebels.

Fri, 04/01/2011 - 08:58 | 1124632 defn8Dog
defn8Dog's picture

Yes. 

"If you don't claim your humanity you will become a statistic." 

Fri, 04/01/2011 - 09:00 | 1124643 ReeferMac
ReeferMac's picture

My god, I almost came at that thought....

Fri, 04/01/2011 - 08:47 | 1124577 Cash_is_Trash
Cash_is_Trash's picture

Didn't Churchill curse statistics. 'Lies, damned lies and statistics'.

I see the beat-down of the metals as an opportunity to purchase and hence telling my children:

"This gold ounce coin, I bought it when the price was only 4 digits".

Fri, 04/01/2011 - 08:47 | 1124582 bob_dabolina
bob_dabolina's picture

Mark Twain.

Fri, 04/01/2011 - 08:50 | 1124594 Cash_is_Trash
Cash_is_Trash's picture

I stand corrected. He has some great quotes.

Fri, 04/01/2011 - 08:53 | 1124610 HoofHearted
HoofHearted's picture

Actually it was a different British prime minister, Benjamin Disraeli.

Mark Twain said nearly everything, if we take all the attributions to be true. But Disraeli is reported to have said it first.

Fri, 04/01/2011 - 09:18 | 1124718 earnulf
earnulf's picture

I believe that although attributed to Twain, it was actually said by someone else prior

Fri, 04/01/2011 - 08:49 | 1124598 A Man without Q...
A Man without Qualities's picture

"Statistics are like a drunk with a lampost: used more for support than illumination."

Fri, 04/01/2011 - 08:53 | 1124615 HoofHearted
HoofHearted's picture

As the stats book I teach from says, "74.2% of statistics are made up on the spot."

Fri, 04/01/2011 - 08:58 | 1124627 Cash_is_Trash
Cash_is_Trash's picture

We agree that these people are moving the goalposts, again..?

Fri, 04/01/2011 - 09:35 | 1124795 goldfish1
goldfish1's picture

Like safe levels of radiation exposure.

Fri, 04/01/2011 - 08:43 | 1124553 LawsofPhysics
LawsofPhysics's picture

Don't worry, there are plenty of asians who will work for nothing.  There that ought to get me junked quickly.  Rally on! (and hedge accordingly)

Fri, 04/01/2011 - 08:45 | 1124557 jesse livermoore
jesse livermoore's picture

gold and silver whacked   again....

Fri, 04/01/2011 - 09:01 | 1124596 goldfish1
goldfish1's picture

Isn't that amazing.

In other manipulations, silver and oil both increase approx 8% in one month.

 

Gold $1424.2 Silver $37.39  Oil $107.43 4/1/2011

Gold $1422.2 Silver $34.36  Oil $98.55  3/1/2011

btfd?

Fri, 04/01/2011 - 08:45 | 1124558 fiftybagger
fiftybagger's picture

Oh my, employment is exploding!  Silver will got to zero!  Yawn.

Silver For The People

http://www.youtube.com/user/BrotherJohnF?feature=mhum

Fri, 04/01/2011 - 08:44 | 1124562 tomfool
tomfool's picture

Bullish, nowhere to go but up!

 

BTFR

Fri, 04/01/2011 - 08:46 | 1124564 Robslob
Robslob's picture

if silver were at "zero" we are all dead...

Fri, 04/01/2011 - 08:46 | 1124566 TradingJoe
TradingJoe's picture

This BullShit gives "spin" a new meaning!

Fri, 04/01/2011 - 08:45 | 1124571 apberusdisvet
apberusdisvet's picture

Big push by TPTB; serves 2 purposes; drives PMs down; helps the re-election chances of the best puppet they have ever had.  "oh what a tangled web we weave..."

Fri, 04/01/2011 - 09:00 | 1124647 goldfish1
goldfish1's picture

Nah, his ace in the hole was the n card, that won't fly again. Even the yuppie liberals are pissed off.

Fri, 04/01/2011 - 08:47 | 1124573 TradingJoe
TradingJoe's picture

PMs Down, Oil Up/Still "there"! Hmhmh!

Fri, 04/01/2011 - 09:13 | 1124682 malikai
malikai's picture

LMAO. Jobs report "positive", oil beginning a premarket "dip" as longs are crushed. This is the most comical shit ever. 10 bux says today is a down day for oil.

Fri, 04/01/2011 - 08:45 | 1124574 Boilermaker
Boilermaker's picture

Irrelevant.

The pump job on the market is already in place.  People not only won't disect the information, they don't even know what it means.

"it's getting better".  That's all they need to know.

Fri, 04/01/2011 - 08:47 | 1124576 Racer
Racer's picture

And what a day to give out more news for idiots

Fri, 04/01/2011 - 08:48 | 1124588 Boilermaker
Boilermaker's picture

Well, you see, it's all about building 'confidence'.  Right?

Fri, 04/01/2011 - 08:46 | 1124579 Robert Neville
Robert Neville's picture

Non institutional population? I happy to hear that 239 million Americans are not institutionalized. The rest must be working in government.

Fri, 04/01/2011 - 08:54 | 1124621 Oh regional Indian
Oh regional Indian's picture

Perhaps "working" in government is an oxymoron.

ORI

Fri, 04/01/2011 - 09:42 | 1124815 VisualCSharp
VisualCSharp's picture

I think "leeching" is a better term.

Fri, 04/01/2011 - 08:49 | 1124587 AN0NYM0US
AN0NYM0US's picture

Gross just now on Bloomberg

 

There are many ways to default: The Romans did it by clipping their coins, the US is doing it by dollar devaluation, inflation and most importantly zero percent interest rates, which is taking money from savers and putting it in the pockets of corporations

when do interest rates go up?

 

"When the doves cry: Yellen, Bernanke and Dudley"

Fri, 04/01/2011 - 08:50 | 1124593 billwilson
billwilson's picture

Lots of jobs at temp agencies, hotels, bars and nursing homes. You know all those high paying gigs.

Fri, 04/01/2011 - 08:54 | 1124620 Cash_is_Trash
Cash_is_Trash's picture

Oooo, and fabulous places to start a career in worthlessness.

Fri, 04/01/2011 - 12:55 | 1125500 baby_BLYTHE
baby_BLYTHE's picture

Degrees in worthlessness to jobs in worthlessness. Celente is the man!

Fri, 04/01/2011 - 08:54 | 1124618 Racer
Racer's picture

And more than half the number was made up... you couldn't make this up could you... uh, um.....

Fri, 04/01/2011 - 08:55 | 1124622 firstdivision
firstdivision's picture

I love the "Not in labor force" statistic.  March 2010 83264 and now March 2011 85594....that's bullish right?

Fri, 04/01/2011 - 09:05 | 1124664 dexter_morgan
dexter_morgan's picture

To a Keynsian, yes.

Fri, 04/01/2011 - 08:56 | 1124629 Oh regional Indian
Oh regional Indian's picture

Birth/Death adjustment. What a joke.

NUMBers, killing you softly. From birth to death.

ORI

http://aadivaahan.wordpress.com

Fri, 04/01/2011 - 09:43 | 1124824 VisualCSharp
VisualCSharp's picture

There's comfort in numbers; a kind of surety. Numbers are what they are and cannot be questioned. Numbers are also easily perceived in several different ways when they are compared to one another.

Fri, 04/01/2011 - 13:11 | 1125538 snowball777
snowball777's picture

Especially when the numbers have almost no bearing on reality...or you decide to compare the wrong ones (like 'jobs' instead of 'aggregate income').

Fri, 04/01/2011 - 08:56 | 1124633 Caviar Emptor
Caviar Emptor's picture

This NFP number is too moderate to be considered a blow-out, but above consensus. That means uncertainty hangs over the question of the Fed's next moves. Without more stimulus in the form of QE, the economy's best days are numbered. Especially with inflation kicking in. Forget about a serious tightening. 

Fed: Screwed if it does, screwed if it doesn't!

Lotsa Luck, Bensahn!

Fri, 04/01/2011 - 09:00 | 1124644 Johnny Lawrence
Johnny Lawrence's picture

Friend of mine ran a construction company.  Company went under a year ago.  He just got a job as the day manager at a local Lowes.

This is the type of "job creation" we're seeing.  Better than nothing, but still...

Fri, 04/01/2011 - 09:04 | 1124661 dexter_morgan
dexter_morgan's picture

Yep. One of my nephews was union electrician, no construction so he was laid off >2years ago. Now also working at Lowes for like 1/3 what he was making. Woohoo - dats a recovery there for ya.

Fri, 04/01/2011 - 09:23 | 1124738 Waterfallsparkles
Waterfallsparkles's picture

I have a friend that was a Stock Broker and is not working at Home Depot.  Home Depot has cut his hours down to about 20 hours a week now.

Fri, 04/01/2011 - 09:11 | 1124676 Caviar Emptor
Caviar Emptor's picture

I've called it "the great downsizing". Much fewer jobs available and the new ones being created are at much lower pay with far fewer benefits. 

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