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NFP Prints 114K, On Top Of Expectations Of 115K; Unemployment Rate Tumbles To 7.8% On Expectations Of 8.2%
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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And if you think this is bullshit, wait till November number just a few days before the erection.
There isn't any pixelation?
The farce is in the silver market - over 2,000 contracts per minute and from $34.90/oz down to $34.20/oz.
Was anyone able to get more physical at $34.20/oz ?
Right now, I'm tapped out. I went in big just before the last move up, at 33.xx$.
I'd go in right now if I could. It is not going to stay down.
I picked up some Au also, lucky, right before the surge.
If you have spare fiats, go for it.
Get out there an buy some fuckin silver.....last call....
total failure though. Hedge fund community know the game. MAssive support buying coming in TL intact.
We GOING HIGHER TODAY
BTFD
You know this number is bullshit.
Don't forget to sell the rips.
Ben may be targeting 1,500 S&P by election day which will only be about 2% more after today's opening.
Need to get a running start for what is expected to be a pretty weak earnings season.
That is just TPTB showing us who is really in charge...
The unemployment figure is bullshit !!!!
What I want to see is the NUMBER OF PEOPLE ACTUALLY EMPLOYED !!!
That's approaching zero.
so tax receipts should increase, RIGHT??
I am actually laughing at this.
Beat me to it, but my sentiments exactly.
Along with millions of chinese students...
Still not going to vote for Romney?
Correct.
Is it too late to join the Hitler youth......even if I'm old?
Works for the Pope.
hahahahaha very nice +1. Sad thing is its true.
Heh heh.....I'll go a lot of places....but there's no way in hell I'm going after the Pope.
Especially in South America......cat's gotta have a death-wish to do something like that. You're probably safe if you're in Canada.
Can't help but laugh, lol. Glad I'm not short (yet).
lol
If it keeps dropping to fast Ben will have to cease QEternity as the unemployment rate will hit the FED's target.
You KNEW they were going to drop the topline U3 rate to a 7 handle.
Were back Mortimer!
I'm thinkin.....pork bellies.
These reposrt are digraceful!
Fuck this shit
Its a MIRACLE!!!
Just when the number might do Braack the most good, it happens! Years of bad unemployment, He was so patient, knowing all along that His policies would work! Shazaam!
Romney was WRONG about the 47%. It surely must be 40% as the participation rate can only be 60%.
Just re-read Steve Englander's analysis.
ROFL!!!!!!
The Bank of America trollop on CNBC talking up the number and the economy.
Imagine that.
Next Month = 3.7% Unemployment!!!
Maybe they got their numbers back the front and really meant to report 8.7% !
I work at the cbot, and for the first time, I heard open laughs in response to the number. Normally, it is ooo or aaaa in response to bad or good numbers. This one, people just started laughing it was so obvious.
hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahah
i mean really one day these nosestretchers come back up theor ass
and you cant even focus on the scantily clad talent down there today. too cold in the hood
come on. did you guys really think you were gonna get true numbers and reaction 32 fucking days before the election. weve been thru this silly game all year. As far as trading this is a comical media/hft handjob. its old SPY1500 today. the worse the news the larger the ramp job. some day everyone will catch on.. dont get your panties in a bunch on this. The market will be what TPTB want it. End of story.
I don't think anyone's pissed about it. I think what is shocking is these cock sticks are suppose to be like magicians. You have to make an illusion. When they throw a number like this out its more like a magician showing you the mirror,strings and cards up his sleeve.
People have jobs, they just don't know it.
Well, I guess we can stop printing money any minute now. Get a photographer from Time over to the Fed to snap a shot of man of the year!
Hahaha!!! They think the American people are stupid!!!! (Oh, wait....)
WOW! QE infinity does work! <sarc off>
7.8...huh.
And I thought Obama was a fraud.
oh what a tangled web we weave when first we practise to deceive
Glad GM dealerships are hiring!!!!
Channel stuffers wanted: inquire within.
hee, hee,.............
I'm sure glad we got some good numbers,now I can stop taking my blood pressure meds.
BO's pissed about loosing the debate so he lit a fire under NFP beancounters.
Short the open with both hands with SP puts ....you should make a nice bit of coin by 2 pm.
Crock O' Shit!
No face in this chart? Its hair is on fire.
This is psychologically going to affect the unemployed. The feelng that the ship is leaving the harbor without them will likely spur more people to try again at the employment thing. As these workers who "gave up looking" begin to look again, they will not count against unemployment, but will if they get hired.
So this report is likely the catalyst for the market's new move to DOW 21,000.
See how easy trading is? See?!
I just read a report: it was front-loaded with part-time jobs.
They must be counting each PT slot as a "job."
What will it be next month? 5%? Will they count walking to your mailbox for your welfare check as a "JOB?"
So when one person has 2-3 part time jobs = 3 real jobs!
If they lose one of the three, do they credit 1/3 job lost in the claims column?
......And next month Obungler will add in dope dealers and hookers!
3%!
In the household survey if you worked one hour in the survey week you are employed.
High beta is going to FLY today..
Well I guess it's time for Ben to stop printing in this booming economy.
Stop the presses! "Unemployment Rises as Printers Out of Work" Start the presses! Forward!
http://finance.yahoo.com/news/us-jobless-rate-falls-7-123110106.html
WOW even the Yahoo people aren't buying it LMFAO!
So we don't need no more stinking QEinfinity?
Obama doing some jive dancing this morning.
Sadly, QE is to make the banks solvent, not to help the economy. It will continue and QE4 (QE7) is still coming.
Really depends on your definition of "we".
Don't mean shit. Anybody who believes what comes out of the BLS has already decided who they're going to vote for.
TD, Fun to see a word cloud of the comments on this thread?? up for it?
http://www.wordle.net/show/wrdl/5819577/NFP_Print_Sad_Crowd
Can't wait if everybody stops looking for a job unemployment to ZERO !
Durden,do you have any proof the data was falsified? Or you thought (hopium) that the market would sell off
and your shorts would work? constantly,shorting the rally = Durden and his "data is bullshit followers".LOL.
i say BUY BUY the rally.do not short it like Durdens do.
Your question is equal to:
Do you have any proof that humans need oxygen to live.
You buy sell-offs, not rallies.
suuush, don't tell him we need him.
You suck at trolling -1
Just what the bumbling un-debater in chief needed.
They should have made it 7.6%. Would have been better.
Yep - about as much Bullshit as Romney saying his 47% comment was a mistake, etc.
Get a job, piker.
Thanks but I have a job - with health insurance as well, which is more than I can say for a lot of my fellow Americans.
This country went off the slippery slope years ago - way before Obama. Just telling it like it is.
The only numbers that count are: How many people are working? and What are the tax receipts?
I am trying to figure out where the jobs are.....all those households that got a job or two.....looks like clothing is slowing down...retail sales down...maybe the wife is Hooking now.....the governments added a bunch of jobs...good for them...must be to accept all those Food Stamp and Disability apps....this truly is a "ghost" report...just a political joke...and its all about faith...remember that word...when the people lose the faith in the dollar...that is when it all falls apart
Well, those boomerang kids are back home, and with more folks under one roof, it's not inconceivable to find a hire body count working in a household.
The unemployment rate, however, does not fit with the job growth numbers we have had. Even worse the job growth numbers as they are now inflated, come at the lowest profit growth levels of the last three years.
So as companies are now being squeezed, we are supposed to believe they are hiring?
That does not pass the common sense test, does it?
Looks like the Labor Department got the "Four more years" memo loud and clear
Phone call late Wed. night "Quick, cook up the unemployment numbers-0bama just got his ass kicked"!
Even Goebbels is laughing in the hot place
I never dreamed that I'd be living in the equivilant of Soviet Russia when it comes to propaganda and lies. I weep for us all...
"PeaceKeeper"
"FreedomFighters"
"War on Drugs"
Uh huh...enjoy your sleep much?
Open QE showed PANIC.
7.8% hallucination shows PANIC
Lets vote for Jobs, Jobs, Jobs and Jobs....YAAAAHHHH!!!!!
For the household survey this month, they called all of the dead voters in Chicago who said they will be getting paid to vote this November hence their new employment.
stateside
Joseph Goebbels lives!
Alot of people got hired as waitors last month!
Either way, the incomes are still shit.
Greedy Tylers, breed lost revenue.
When "facts" have no basis or connection to reality, they are in essence... LIES
update this .i. fucktard!
Here are the REAL NUMBERS.
NSA jobs added, full-time: -536K
NSA jobs added, part-time: +1311K
August total jobs :
155.255M
September total jobs :
155.075M
It's doubleplus good!
So if you need 125K just to soak up new entrants, this would be a negative yet stocks just eating it up...another couple years of this and a mild recession and we too will have 50% youth unemployment
Usen the EBT teh get stuff for me- gettin me tired.
A hard job it is; 'bout time my job got counted.
There goes QE3. Puff.
Yes, no need to print now that the numbers are improving, Right Ben, per you own recent words?
My contrarian "melt up theory" still stand. Markets flooded via Futures, and will be even more flooded once a "bipartisan" "kick the can..." of the "fiscal cliff" is done.
Let them eat cake...and also have jobs.
Don't go packing away that guillotine just yet, I think I've heard this miracle recovery story before.
Well Tyler I gues you no longer need to look for Friday humor. This sure is humor to me.
We all knew this was coming so the pencil headed prick in the white house can brag about something else "he" built or did. To try and explain the labor participation rate in a debate would make you sound like Ross Perot. 60% of Americans would be asleep or distracted before you could say "labor participation rate". We are doomed to the ignorant bliss of the masses. It was never suppose to be this way and we are waking up to realize it HAS been this way for a long time.
It's ok to read but I need a microscope toanswer, on 16;9 WIDESCREEN laptop
corrupt gov= corrupt numbers could anyother outcome be expected, hell of a way to run an economy.
falling profits lower 1qt estimates somehow all these newly employed ain't spending those big paychecks.
For all my no QE infinity belief, i was wrong. Greetings from behind the curve. But i cling to the knowledge that ALL is shit in this trumped up farce. Anyone knows how this crap shoot ends? I'd say a cluster >>>lets call it PC HUG.
Part-time nation... Can we move these wars down to part-time? How about money printing???
LIE LIE LIE LIE
Let’s see if this makes sense. If employment was coming back as this report attempts to suggest than why did Bernanke add $40 Billion per month in confetti? HiS whole spin to the country was that the employment picture was in need of help. Folks, the entire systemis a fucking fraud and its time we run this group out. You cannot believe anything out of DC, Wall Street and certainly out of the imposters mouth, he is simply as corrupt a man as this country will ever see.
LIE LIE LIE, LIE LIE LIE
Bad Religion-Flat Earth Society
http://www.youtube.com/watch?v=i-We8ogMQ-U
To quote Jack,
Unbelievable numbers. .these Chicago guys will do anything.. can't debate so change numbers.
I give up. I'm going pin dick/ Seriouly Tyler? Are you fuicking kidding me. I'm on a 16inch laptop and this shit is (i',m consulting my general counsil) Massive eye fuck!
We are coming into the Holiday season. We can expect good job reports until Jan. Jobs pay only min wage, but so what. Looks good on paper.
It looks good on paper as long as the printing of money is a viable option. Borrowing against tomorrow to mitigate today's declining real incomes. Party on!
God, like clockwork you had to know that Helicopter Ben was going to help out Chicago Jesus.
7.8%? That's not a massage! That's Tantric Sex from a 42nd Street hooker!
Poor Romney. He did so well, too.
This is such a fucking fixed game. I guess the Banksters want the Poodle They Know.
The whole world is laughing, you want to be careful with your lies , when everyone is laughing its close to the end
It's hard to know whether this came from the top down (likely) or from the inside (as likely). If you work for the BLS and your spouse no doubt works elsewhere in the civil service are you going to make life easier for the guy that wants to shrink government?
The triumph of hope!
The art of the salesman.
What a travesty this country has become. And the dollar does not believe this. Heading lower. What a farce.
uhm, that's Ben pushing it down so the market will go up....... but as the dollar went down so did gold and silver, usually it goes up as the dollar goes down...... it's all fake anymore
And more good news! Chocolate rations have been increased again to 20g per month!
The Part-Time Paper Route Recovery
http://chartistfriendfrompittsburgh.blogspot.com/2012/10/the-part-time-p...
The numbers are false and has anyone bothered to report about this in the jobs reports...... http://www.foxnews.com/politics/2012/09/29/admin-to-pay-legal-fees-for-c...
What I find so amazing is the blatancy of the lies. I find it insulting that they would even believe we would fall for this yet at the same time I'm so depressed because so many actually will. An educational system that has abandoned critical thinking for memorization and regurgitation has arrived front and center. I'm so confused! Can you please tell me what to think?
When someone lies to my face once I'll punch their face. If they keep lying in my face its complete disrespect and time for war, and time to shoot them in their face.
BLS counted people having yard sales as being in the work force.
How do you get +873,000 on the basis of 60,000 households surveyed?.. It's like suddenly everyone and his brother became employed.
Also, from BLS FAQ: "...the household survey has a more expansive scope than the establishment survey because it includes the self-employed, unpaid family workers, agricultural workers, and private household workers, who are excluded by the establishment survey. The household survey also provides estimates of employment for demographic groups"
You can't debate a number. It's perfect Ob strategy.
Remember when Bush had low 5% and the left said they were McDonald jobs. Now you have a laid off 45yr old get part time at MickyDee's and he's on MSNBC as a feature story on successful career transitions.
100% employment coming soon.
Global Recovery.
Green Shoots.
Let's finish what we started.
The resilience of the American People solved the fiscal crisis of 2008.
Are the HFT Algos programmed to understand Bullshit?
Neutron Jack Welsh tweeting doubt numbers.... What up Jack? CNBS NEVER REPORTED THE SALE OF GE PLASTICS TO SAUDIES. 11,000 employees is what the number was... What is the mater Jack can't control the news? Watch it your ecomagination or medical welfare check might stop.
This has been years of miss reporting and manupliation for systemic risk.... I am glad that zerohedge is using square conners on their messages boxes so the APPL lawyers are not sueing for rounded conners patents on there Samsung (imean Iphoney) LOL funny in an information reveloution... Grow up boys.
The number is actually down year over year for September. So I guess last September they were also "massaging" the numbers in anticipation of the election? ok.
The moment asking questions is dangerous, innovation dies and you become China. Be careful town planners of future corporate America.
Since jobs are supposedly getting better does that mean that Ben will quit printing money? No hidden inflation in gas and food if employment is getting better..... If so, the market should sell off, right?
The Obama staff finally figured it out, you didn't have to hire 3 times the census workers, just cook the numbers.
Expect another huge drope before the election.
Gore claimed Obama didn't do as well due to the lack of oxygen to the brain. Thanks for the analysis Dr Gore. You also claimed you created the internet.
So if were supposed to believe this BS, then next month when the October jobs number is out, can we expect that Septembers will be raised by 50,000? And why did they wait till just after Obama's dismal failure of a debate to suddenly revise three months of data higher? Are all those jobs that were created out of thin air still there? If Junior cut the grass and now is back in school so he's not around to cut the grass, is he considered unemployed? LOL.
Finally if things are so rosy now, do we really need QE3? Since Octobers number will be out days prior to the election, we can expect that one to be even more of a duzzy. If Obama wants lower numbers you know he will get them at the risk of losing your job if you don't manipulate them to his liking.
All we need now is a 7.8 magnitude earthquake at the NYSE.
All we need now is a 7.8 magnitude earthquake at the NYSE.
Make it 8.4 - right through D.C.
To be fair, I have seen several articles about companies hiring for the holidays.
It's not impossible to get a 'bump' in hiring, just before Black Friday.
*PREDICTION: Someone dies this year during the stampedes
HORSESHIT!
They're lying and everybody knows it, except those who watch the network "news"
You'd have 0 percent unemployment if everyone was like me. Can't get myself to work no matter what.
Maybe people are catching on.
There is no reason for an American to go to work. Study your classics, your liberal arts, mathematics and physics. Practice meditation and exercise daily. Visit the Getty to see the latest sculptures. They have some new items that just came in. Time for my morning jog. Got to go. Then meet with my Swedish classmate to study biology. Busy schedule today.
After all, people picking cans out of the garbage is considered part time work!
Goodwill retraining success stories! /s
Why is it when I saw this number the first thing I thought of was the Hitler movie everyone online makes spoofs of, where hitler is pouring over maps directing armies that didn't exist? Now replace Hitler with O and maps with financial data and you get the picture...
7.8% My B(L)S Ass...
What a bunch of Barry Soetoro bald faced lies...