NFP +36,000, Huge Miss To +146,000 Expectations, 9% Unemployment, Not Seasonally Adjusted U-6 Surges From 16.6% to 17.3%

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Fri, 02/04/2011 - 09:33 | 934265 HelluvaEngineer
HelluvaEngineer's picture

Huge bar on /ES.  Someone is frantically defending the futures.  Isn't this huge volume for after hours?

Fri, 02/04/2011 - 09:33 | 934279 firstdivision
firstdivision's picture

There's huge bars all over the place on all markets.  Doesn't make sense unless algos are currently confused due to the 9% number mixed with that massive employment miss.

Fri, 02/04/2011 - 09:37 | 934298 HelluvaEngineer
HelluvaEngineer's picture

The real time 5 minute chart on the futures looked strange - started to drop like a rock and immediately huge (programmed?) buying stepped in.  Looks like volume on that bar was as high as the brief selloff during trading hours yesterday.

Fri, 02/04/2011 - 09:39 | 934312 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

It's all lies, the algos have no reason to understand these numbers, just like us humans don't. They don't make sense, they are completely fabricated numbers. All governments do is lie.

If it doesn't stand up to scrutinity then it's a lie.

Fri, 02/04/2011 - 09:56 | 934404 Oh regional Indian
Oh regional Indian's picture

They're not numbers Funkyman. They are NUMBers.

When you see them as such, you ignore them unless you want to be NUMBered.

I'm glad this scam's days are NUMBered. Once the BDI slips into triple digits, it's just a matter of time.

After that, while money fall like pretty snowflakes from the sky, it won't buy you much.

Except maybe, a snowflake.


Fri, 02/04/2011 - 09:49 | 934376 TruthInSunshine
TruthInSunshine's picture

It was...


....The Snow!!!!!

Weather Hurt U.S. Job Growth in January
Fri, 02/04/2011 - 09:51 | 934384 snowball777
snowball777's picture

Haters gotta hate!

Fri, 02/04/2011 - 09:55 | 934403 silvertrain
silvertrain's picture

 Funny I've never hear anyone say that the number was high because we had awesome whether last month..

Fri, 02/04/2011 - 09:44 | 934352 Twindrives
Twindrives's picture

The Federal Reserve is Benocide Bernanke's Frankenstein.  His creation terrorizes the world.  

Fri, 02/04/2011 - 09:30 | 934267 TrihumpTheInsultDog
TrihumpTheInsultDog's picture

Get a job Bitchez!

Fri, 02/04/2011 - 09:36 | 934299 whatsinaname
whatsinaname's picture

Rally On

Fri, 02/04/2011 - 09:44 | 934348 whatz that smell
whatz that smell's picture

soften 'em up with the sound cannon and tear gas... then nuke-em with the bernanke put!


Fri, 02/04/2011 - 09:48 | 934372 Azannoth
Azannoth's picture

"The unemployment rate fell by 0.4 percentage point to 9.0" at this rate we'll have a surplus of jobs next year without any1 actually working

Fri, 02/04/2011 - 10:29 | 934551 Armando Javier ...
Armando Javier Finkeltein of the Boise Finkelsteins's picture

That is funny

Fri, 02/04/2011 - 10:48 | 934644 ElvisDog
ElvisDog's picture

If my math is correct, they seasonally-adjusted an additional 2M workers into the ranks of the employed.

Fri, 02/04/2011 - 09:31 | 934269 firstdivision
firstdivision's picture


You forgot to mention that it was due to weather, except that drop to 9% was becuase of the awesome work of the Bernak!

Fri, 02/04/2011 - 09:33 | 934281 Max Hunter
Max Hunter's picture

9% according to the survey... Good Grief.. Looks like they are kicking the rhetoric up a notch..

Fri, 02/04/2011 - 10:00 | 934397 firstdivision
firstdivision's picture

Pat Robertson said the miss was becuase the people were looking for gay jobs, in gay industries.  So god made it snow a lot to pervent the people from getting gay jobs, in gay industries.

Fri, 02/04/2011 - 10:13 | 934486 cosmictrainwreck
cosmictrainwreck's picture

am a little dubious /sarc, but will definitely check it out next time I talk with the Almighty

Fri, 02/04/2011 - 10:44 | 934626 firstdivision
firstdivision's picture

If you don't get the joke, google Pat Robertson , snowstorm. 

Fri, 02/04/2011 - 12:03 | 934910 sun tzu
sun tzu's picture

I'm sure that's relevant, because Pat Robertson is the cause of this country's economic problems

Fri, 02/04/2011 - 09:31 | 934272 lynnybee
lynnybee's picture

Non - farm payrolls .     Well, if I can't find a decent job in the "non-farm" space, then, I guess I'll have to start looking in FARM PAYROLLS !!  ........ time to drop out of "their game" & find my own game.

Fri, 02/04/2011 - 09:33 | 934273 etrader
etrader's picture

Explains the Gold buy basket move , yesterday afternoon ;-)

Its all the snows fault.....

Fri, 02/04/2011 - 09:32 | 934276 uhb
uhb's picture

Astonishing how few jobs you get for 1,400,000,000,000 new debt per year . buahuahua!!!!

Fri, 02/04/2011 - 09:32 | 934277 EscapeKey
EscapeKey's picture


Lies, damn lies, and government statistics.

Fri, 02/04/2011 - 10:04 | 934440 docj
docj's picture

Yep - worst employment participation rate in 26-years and the "headline" number is materially better than the lows of the recession.

The Ministry of Truth at "work".

Fri, 02/04/2011 - 09:33 | 934278 Shocker
Shocker's picture

Wait one second, so we dropped to 9.0% unemployment. That is horrible because unemployment hasn't dropped. It means more people are now out of the system. Check for yourself


Fri, 02/04/2011 - 09:34 | 934288 uhb
uhb's picture

can't be, there are only 40,000,000 amerivans on food stamps. it would be funny if it wasnt so depressing.

Fri, 02/04/2011 - 09:36 | 934301 EscapeKey
EscapeKey's picture

You're preaching to the choir.

Fri, 02/04/2011 - 09:40 | 934326 Shocker
Shocker's picture

Well I'm glad some people see, the crazyness :-)

Fri, 02/04/2011 - 09:34 | 934280 101 years and c...
101 years and counting's picture

bernanke is accomplishing his mandate of lowering unemployment.  too bad its only because he's made the situation so impossible, everyone is giving up looking.  good job ben, you genocidal, lying sack of shit. 

Fri, 02/04/2011 - 09:34 | 934283 fastishplastic
fastishplastic's picture

why would they report a more-truth today of all days? 

Fri, 02/04/2011 - 09:35 | 934285 youngman
youngman's picture

And unemployment down to 9%.....they just drop people off the the foodstamp number..its a better number..they do not drop off there...they just announced 500,000 dropped off the what do those people do...they file for foodstamps....this is a joke...with Bernanke yesterday...and these numbers...we are a joke...

Fri, 02/04/2011 - 09:42 | 934339 uhlmant
uhlmant's picture

so we drop unemployment to 9% but inflation kicking in.  Misery index increasing.  We need a new economy misery index that accounts for the throngs on food stamps and u-6.

Fri, 02/04/2011 - 13:15 | 935227 ToddGak
ToddGak's picture

Didn't you guys see the USA Today article yesterday?  Our standards of living are better than ever...because we pay twice as much for housing and health care than we did in 1980, even inflation adjusted...and we have iPhones.  And you can get a t-shirt at Walmart for $3.

Fri, 02/04/2011 - 09:35 | 934286 john milton
john milton's picture

must be the snow effect instead of wealth effect

Fri, 02/04/2011 - 09:35 | 934289 papaswamp
papaswamp's picture

NILF skyrockets by more than 2.2 million. Ouch!

Fri, 02/04/2011 - 09:36 | 934302 uhb
uhb's picture

NILF? I only care about MILF's ;)

Fri, 02/04/2011 - 09:50 | 934381 KTV Escort
KTV Escort's picture

it'll cost you, they need work

Fri, 02/04/2011 - 09:39 | 934315 Stuart
Stuart's picture

any analyst or commentator that does not point this out or worse, tries to ignore it, is the one that needs to be ignored from that point on, period.  

Fri, 02/04/2011 - 09:35 | 934290 Cognitive Dissonance
Cognitive Dissonance's picture

Some idiot is on CNBC saying these numbers are meaningless because of January weather. Of course, if jobs had been up 200k the numbers would have been full of meaning.

Ass wipe.

Fri, 02/04/2011 - 09:41 | 934328 EscapeKey
EscapeKey's picture

Well, the only shocking thing in that statement is the admission that you watch CNBC!

Fri, 02/04/2011 - 10:01 | 934419 Cognitive Dissonance
Cognitive Dissonance's picture


I watch and listen to CNBC during breaking news moments. Otherwise it's running in the background on one of my monitors with the sound muted. As a financial planner and broker who manges money, I would be a fool not to be aware of what's going on, regardless of how insane it might be. 

Fri, 02/04/2011 - 10:32 | 934560 TrihumpTheInsultDog
TrihumpTheInsultDog's picture

Wow you sound like a real big shot trader. Multi monitor setup, maybe a phone bank with direct lines to the trading pits, RAN Squawk (so you can hear what they are saying about you when you decide to move the markets).

Just wow!

Fri, 02/04/2011 - 12:08 | 934928 Blano
Blano's picture

Lol, I read that as "broker who mangles money."

Fri, 02/04/2011 - 12:49 | 935095 Founders Keeper
Founders Keeper's picture

[I would be a fool not to be aware of what's going on, regardless of how insane it might be.]---Cognitive Dissonance

I agree, CD.

I keep track of the MSM as well, regardless of their spin. I need to know what's being fed to the public in order to gauge where the general public is at emotionally/mentally. I go else where for truth.

Yeah, if I had a personal money manager, you bet I would want him or her surrounded by banks of monitors, including CNBC in the background.


Fri, 02/04/2011 - 09:43 | 934344 pazmaker
pazmaker's picture

admitting that you watch CNBC says a lot.  :)

Fri, 02/04/2011 - 14:01 | 935440 Quantum Nucleonics
Quantum Nucleonics's picture

Come on now, a sizeable number of the people here watch CNBC at least occassionally.  It's easier to deduce the truth if you know the lies and disinformation. Back in the good old days, the CIA read every word of Pravda every day.

Fri, 02/04/2011 - 14:07 | 935452 Quantum Nucleonics
Quantum Nucleonics's picture


Fri, 02/04/2011 - 09:43 | 934346 Max Hunter
Max Hunter's picture

Zamboner from Moodies.. LOL..

I like what Santini on the floor said.. about one of those talking heads not being a cool aid drinker.. :)

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