NFP Prints 114K, On Top Of Expectations Of 115K; Unemployment Rate Tumbles To 7.8% On Expectations Of 8.2%

Tyler Durden's picture


Complete preelection "massaging" farce.

The Labor force participation rate rises from 30 year lows to 63.5% to 63.6%:

The reason: the biggest reported jump in the number of employed people since January 2003, at +873,000 to 142,974. At least according to the Household data survey, which just happens to be used in the calculation of the unemployment rate. Just little bit off from the Establishment survey of +114,000.


and the diverging path of U-3 and U-6 unemployment rates...

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Fri, 10/05/2012 - 08:34 | 2858814 LoneStarHog
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Fri, 10/05/2012 - 08:34 | 2858823 Shocker
Shocker's picture

New Month, Same old Stuff

Daily Layoff / Closing List Below


Fri, 10/05/2012 - 08:37 | 2858846 GetZeeGold
GetZeeGold's picture



Someday they're gonna come out winning....and I'm gonna be totally screwed up.


Fri, 10/05/2012 - 08:38 | 2858855 Surly Bear
Surly Bear's picture

Surely Surly said it...under eight by November...yep.

Fri, 10/05/2012 - 08:38 | 2858864 Colombian Gringo
Colombian Gringo's picture

Reduce unemployment, save the world. Hang all Banksters, Now!

Fri, 10/05/2012 - 08:43 | 2858923 GetZeeGold
GetZeeGold's picture



Apparently one of the bankers is up early.....I thought all those guys slept till noon.


Fri, 10/05/2012 - 08:49 | 2858957 AlaricBalth
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The MSM is gushing with praise over the headline number. It is sickening to watch.

Fri, 10/05/2012 - 08:54 | 2858970 GetZeeGold
GetZeeGold's picture



Chris Matthews has a thrill running down his left arm


Might want to get that checked out by a doctor Amigo.


Fri, 10/05/2012 - 09:00 | 2859024 Cult_of_Reason
Cult_of_Reason's picture

Yesterday was a "Romney Rally".

Do we get an "Obama Selloff" today?

Fri, 10/05/2012 - 09:03 | 2859042 Muppet Pimp
Muppet Pimp's picture

Time to give the liar in chief the boot!  Highest one month gain in 29 years my ass.  This is blatant manipulation of the numbers by a desperate despot hoping to cling to power.  Despots have done this sort of thing for ages, nothing new under the sun.  If the numbers don't suit you, just make some new ones up that you do like.  There needs to be an investigation into this anomaly.

Fri, 10/05/2012 - 09:35 | 2859290 ShankyS
ShankyS's picture

Uh - no - don't. 

Fri, 10/05/2012 - 08:56 | 2858987 krispkritter
krispkritter's picture

Man, you just can't make this shit up...


Fri, 10/05/2012 - 09:01 | 2859026 grunk
grunk's picture

They just did.

Fri, 10/05/2012 - 09:10 | 2859088 GetZeeGold
GetZeeGold's picture



Don't push us.....or we'll do it again.


Fri, 10/05/2012 - 09:03 | 2859037 Winston Churchill
Winston Churchill's picture

Oh yes they did.

Fri, 10/05/2012 - 09:18 | 2859149 Ben Dover
Ben Dover's picture

I see you just used the <sarcasm> tag. Thank you!

Fri, 10/05/2012 - 11:16 | 2859756 Frank N. Beans
Frank N. Beans's picture

so don't watch

Fri, 10/05/2012 - 08:50 | 2858963 dexter bland
dexter bland's picture

The algos are really struggling to interpret this one. But look at the revisions and read the footnotes to the BLS stats. The revisions are more accurate, the pace of job creation has likely been underestimated.



Fri, 10/05/2012 - 09:07 | 2859046 ebworthen
ebworthen's picture

114,000 people working 30 hours a week at minimum wage with no bennies slingin' fries at McD's...recovery!

Fri, 10/05/2012 - 09:24 | 2859221 dexter bland
dexter bland's picture

In China no-one wants to work in manufacturing anymore. Was just reading about Chinese workers at Foxconn, suicides, riots, confinement to dormitories etc, sounds like a prison. Everyone everywhere just wants to have a job where they can be their own boss, express their creativity and get paid really well for it. But even google employees whinge about the intrusion on their social lives of all that work.

But question is what does this mean for QE? Will end sooner than anyone expected, is my guess. Then the bears may have their day - but not if they keep holding gold.

Fri, 10/05/2012 - 13:07 | 2860117 mudduck
mudduck's picture

Labor participation rate dropping like a stone since 2009 and also U3 and U6 dropping? Did 7% of the population hit retirement age in 3 years?

Fri, 10/05/2012 - 10:55 | 2859670 No Euros please...
No Euros please we&#039;re British's picture

7.8%? That's a US number, right, like US gallons. So what would that be in UK imperial? Nearer 11%?

Fri, 10/05/2012 - 13:09 | 2860132 mudduck
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11% in imperial and 22% in metric.

Fri, 10/05/2012 - 08:43 | 2858898 MillionDollarBonus_
MillionDollarBonus_'s picture


The global recovery is strengthening. This is slow but steady progress. The sharp improvement in the unemployment rate is a clear testament to the green shoots in not only America but also the global economy. Where is the collapse that doomer libertarians have been talking about?? Where is the hyperinflation??? I'm still waiting ... 


Fri, 10/05/2012 - 08:43 | 2858922 mayhem_korner
mayhem_korner's picture



The only thing strengthening is the grip of the administration on the hand-job that the "data" is getting.

Fri, 10/05/2012 - 08:59 | 2859020 JonNadler
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You'll soon see that my and MDB's prediction of gold going to 250 a pound will be realized as the economy continues to gather strength and the manufacturing sector rebounds strongly, significantly sending the dollar higher

Fri, 10/05/2012 - 09:04 | 2859047 mayhem_korner
mayhem_korner's picture



You speak as if you and MDB are two different people...

Anyway, if you want a P.O. box to ship all your physical gold, I'm happy to relieve you of it.

Fri, 10/05/2012 - 09:23 | 2859216 JonNadler
JonNadler's picture

we ARE two different people, no, no seriously HA HA

Fri, 10/05/2012 - 09:29 | 2859251 cosmictrainwreck
cosmictrainwreck's picture

Richard M. Nixon: "And you can believe me....'cause I never lie"

Fri, 10/05/2012 - 09:29 | 2859260 mayhem_korner
mayhem_korner's picture



Well, if you are separated, it is only by a thin layer of latex.

Fri, 10/05/2012 - 09:36 | 2859050 GetZeeGold
GetZeeGold's picture



Thank heaven for MDB huh Jon?


Now go sit by Jimmy Carter.....he sucks at market calls too.


Fri, 10/05/2012 - 09:10 | 2859066 Muppet Pimp
Muppet Pimp's picture

net 16k jobs lost in manufacturing during a month with the highest jump in employment in 29 years.  Amazing, all hail the great Obama manufacturing revolution!

Jack Welch "Unbelievable jobs numbers...these Chicago guys will do anything...can't debate so change numbers."

Fri, 10/05/2012 - 09:24 | 2859212 BurningFuld
BurningFuld's picture

Here's a jobs report.

Would be eqivalent to the USA adding 500,000+ jobs mostly in manufacturing. AND the unemployment rate went UP.

Fri, 10/05/2012 - 08:45 | 2858927 SokPOTUS
SokPOTUS's picture

"Green Shoots?"  Are those Gangbangers who support the Environment?

Fri, 10/05/2012 - 13:52 | 2860298 fockewulf190
fockewulf190's picture

More like society's yearly ration of young, unemployable, drop outs who turn into newby gangsters with hand me down guns.

Fri, 10/05/2012 - 08:44 | 2858928 insanelysane
insanelysane's picture

CNBS and the rest of the MSM are having a hard time with numbers today.  The BS meter from the gov went to Infinity and the MSM is wondering if they need to go all in.

Fri, 10/05/2012 - 09:58 | 2859417 ebworthen
ebworthen's picture

Jim Cramer went all in.

Fri, 10/05/2012 - 08:45 | 2858931 Lohn Jocke
Fri, 10/05/2012 - 13:08 | 2860126 blunderdog
blunderdog's picture

(that was a surprisingly entertaining film, btw.  although I think the thing was more of an ettin than a troll.)

Fri, 10/05/2012 - 08:46 | 2858934 ebworthen
ebworthen's picture

You used "green shoots", thanks for that.

Fri, 10/05/2012 - 08:51 | 2858961 WonderDawg
WonderDawg's picture

The only thing stronger than the global recovery is your FaceBook stock.

Oh, wait...

Fri, 10/05/2012 - 09:19 | 2859160 Hulk
Hulk's picture

Hey my brother from another mother, I see you must have raised bail !!!

Fri, 10/05/2012 - 08:54 | 2858976 VonSalza
VonSalza's picture

Hope & change

Fri, 10/05/2012 - 09:58 | 2859418 Liquid Courage
Liquid Courage's picture

More like Change (the numbers) and Hope, maybe?

Fri, 10/05/2012 - 08:55 | 2858983 GMadScientist
GMadScientist's picture

It's right there under those trillions of liquidity.

Patience, precious.

Fri, 10/05/2012 - 09:06 | 2859056 max2205
max2205's picture



Fairy dust

Fri, 10/05/2012 - 09:06 | 2859057 Peter Pan
Peter Pan's picture

Hey, Million Dollar Bogus, just remember that green shoots can be found in cemeteries as well. But let's wait and see what tax collections from wage and salary earners come in at.

Fri, 10/05/2012 - 11:33 | 2859829 Totentänzerlied
Totentänzerlied's picture

"green shoots can be found in cemeteries"

So can many Democrat voters!

Fri, 10/05/2012 - 09:07 | 2859064 Winston Churchill
Winston Churchill's picture

All comes to those that wait MDB.Very droll, er, troll of you.

If you wait long enough maybe you will profit on your FB shares,shame that money

will not buy anything of any value at all..

Fri, 10/05/2012 - 09:09 | 2859080 razorthin
razorthin's picture

People should actually hope this is not a sign of a real recovery, because hyperinflation will ensue like a waterfall with all the dollars behind the dam.  The Fed will be helpless(er).

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