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Phillly Fed Misses By Most In 7 Months, Employment Surges
Once again, there's a little something for everyone in yet another soft survey macro data point. The headline Philly Fed print missed expectations by the most since February and fell from 28 to 22.5 in September. So that's the bad news... The great news is that the employment sub-index surged to iuts highest since May 2011. That great news comes despite a plunge in the average workweek and collapse in hope as the outlook index fell to 3-month lows.
Headline disappoints...
But employment rips to its highest since May 2011...
Full Breakdown...
Charts: Bloomberg
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Dow 18,000
The Federal Reserve just keeps pumping it higher and higher.
The Federal Reserve equates the stock market to a better economy.
"The Federal Reserve equates the stock market to a better economy."
Are you implying that the Fed is trying to improve the economy? You are competely wrong. The Fed's purpose is to steal the wealth of this once great country and enslave us all in debt. Stop speading this nonsense that the Fed is clueless. The Fed knows exactly what it is doing.
In some cases we probably see some increase in Inventory levels prior to "Layoffs".
This stuff is hard to read without the whole database to look through.
- I guess I am waiting for the day that never comes when all the data I need to be an investor or citizen is available
- The FED mission is just "to keep the people from getting out the Pitchforks". The don't create Jobs. They serve their own investors who are big Bankers.
- Big Bankers like to keep a lid on the Economy for many reasons including keeping wages low, keeping production low, and creating money out of thin air while collecting fees for being a middleman (Rentier).
- All Bankers are Usury in the USA as this is the US Culture.
- All Bankers also like importing goods by cheap shipping, cheap labor, and cheap production & overhead
- All Bankers like Cheap Oil, except they can profit off of the high priced oil through Investments
- All Bankers like War & Information Gathering through their networks
Buy more gunz n MREs. Mmmmmmmmmmm, MREs!!!!!!!!!!
buy more ammo. thats the important componanat. mayeb spare part for said guns, but ammo ammo ammo and dont forget teh mags.
But whatever you do, don't buy 22LR ammo. It's complete crap and useless. Really, just stay away from 22LR altogether.*
* brought to you by the committee to make 22LR ammo available to me.
More people doing less work and as a consequence get paid less than a living wage, sounds like a great idea to impoverish the masses
Ebola will fix that
It was a really nice summer in Pennsylvania and east coast. People were either working or not working.
It was rather cool in S.E. PA.
I hear is was dry in California... but that's really their business. It was just lovely here in the Pac NW.
To paraphrase "Real Genius", I'm happy and sad about this.
'Will work for food' employees driving Philly Fed Employment Index higher..
Apparently, sitting in section 8 housing spending SNAP is now a full-time job for most...
fuck me.
Be all that you can be, in the EBT Army. I can still hear the music in my head from that old commercial.
Been observing a phenomena at my local cvs store. About every other week it seems over half the employees are all new? This is been going on for over year!
Strange world we live in!?
- What kind of 'employment' (full-time or part-time)? And in what sector/s?
"The great news is that the employment sub-index surged to iuts highest since May 2011. That great news comes despite a plunge in the average workweek and collapse in hope as the outlook index fell to 3-month lows."
"Coffee. It picks you up and calms you down."
3 part time jobs=full employment....
Don't more people understand the tragedy about "employment"? Really, it's amazing how many people are Pavloved into ignorance is bliss. Luckiliy reality will provide some very rude awakenings the next year or so.
Like any pet you start the training young....