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Un-Goldilocks! Fed's Labor Market Conditions Index Tumbles Most Since 2012
Despite the exuberant goldilocks-esque meme from Friday's payrolls reports (and revision), The Fed's very own multi-factor Labor Market Conditions Index fell in April by the most since June 2012. Certainly not the Goldilocks data we have been propagandized...
The Labor market has only fallen more than this once since the great recession...
Source: Bloomberg and The Fed
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ooops...
Why is all the water gushing into the Titanic engine room now??
Hb,
I never get tired of seeing your avatar!
DavidC
Because the layoffs will continue until everyone is employed?
No one needs jobs. Just sell everything you own and BTFATH.
We have these fine results to report for Georgia:
Corporate Income Tax: Corporate Income Tax collections for April decreased $1.2 million, or -1.1 percent, compared to FY 2014.
And it's not because they are cutting state corporate taxes....
Lower profits lead to lower taxes which leads to fewer jobs...
It's just that simple.
Year over year growth in Texas state sales tax collections peaked in February (around 11%). Closer to 1% over past two months.
Jobs are soooo 90's
Need more hyperbole. I'm not afraid enough, because that doesn't really look like the end of the world. I only respond to end of the world scenarios.
Speaking of which, aren't we overdue for a war somewhere?
Tejas?
I wouldn't be surprised if the Fed pushes the rate hike from June to September, but I don't see a relaunch of QE and I doubt we will fall into recession prior to elections.
We are already in a recession.
A correspondent on RT called this a "managed recession". Sounds about right. Costing plenty to manage the recession! At some point, the recession will become "unmanageable". Gold/Silver/Cash/Spam/Ammo!
However, but, however, but, but, but....
My 29.5/hr week job was increased to 33 but my buddy was laid off and my pay was cut by 1/3.
#Green Shoots#
once again the fed defers to the dictates of the real economy, everything is fine
Btfd until everyone is eating alpo.
+100
There's been a run on dry dog food at the local shelter.
(packages say 'tastes like real beef')
So the Fed's own broad-based index is revealing a decline in labor market conditions, while at the same time Fed officials are publicly stating those conditions are improving? or showing signs of improvement?
Got it.
Wasn't the birth\death plug in 213,000 of that 223,000 last Friday?
This (above) metric would confirm that the BLS 'jobs' data is...well...BS.
Wow. Just as ZH predicted. Good thing I invested in silver as ZH suggested. Let's check my results. Uh Oh. Guess we need another episode of the silver bears.
How about a reairing of 'The Grinch That Stole Your Neurons?'
ZH doesnt suggest you buy or sell anything, it merely provides an alternative to the corporate media propaganda.
if you havent figured that out yet, you dont belong here.
or you are a propaganda agent. is that you Cass? Cass Sunstein?
It is likely the Creature from Jekyll Island will eventually do itself in. You can only keep up a lie for so long before you are exposed for the fraud you are.
http://www.globaldeflationnews.com/the-creature-from-jekyll-island-the-e...