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NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984

Tyler Durden's picture




 

The nonfarm payroll number prints at 200K on expectations of 155K. The Unemployment rate comes at 8.5% - lowest since February 2009, and down from an upward revised 8.7%. U-6 15.2% down from 15.6% in November. Average hourly earnings rose at 0.2%, in line with expectations, previous revised to -0.1% from unchanged. Private payrolls +212L vs Expectations of 178K. Manufacturing payrolls rose 23K vs Expectations of 155K. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it.

Labor Force Participation Rate:

Persons not in the labor force: an increase of 7.5 million since January 2007:

Persons who want a job now:

 

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Fri, 01/06/2012 - 09:31 | 2038747 silver500
silver500's picture

Everything is fine at last

Fri, 01/06/2012 - 09:33 | 2038756 Shocker
Shocker's picture

The job market is still weak, no matter how you want to slice it. It tough to get numbers around the holiday season because always a boost in temp jobs...
We will see how it plays out a few months into the year. We dropped to 8.5% , Really seriously...
Quick reference for Layoffs/Closing

http://www.dailyjobcuts.com

Fri, 01/06/2012 - 09:38 | 2038794 The Limerick King
The Limerick King's picture

 

 

The rate was "expected" to rise

But "dropped" via BLS lies

The manipulation

To beat expectation

Is the game until tyranny dies 

Fri, 01/06/2012 - 09:45 | 2038823 Al Huxley
Al Huxley's picture

Outstanding as usual, although for the last line, maybe "is the game behind tyranny's rise" would have been more fitting.

Fri, 01/06/2012 - 09:50 | 2038842 GMadScientist
GMadScientist's picture

Prefer the original; more motivational, if you get my drift.

 

Fri, 01/06/2012 - 09:50 | 2038844 The Limerick King
The Limerick King's picture

Thanks for the kudos Al.  Your verse is also very fitting, but I never use the same rhyming word twice in a limerick (see "rise")

Fri, 01/06/2012 - 09:53 | 2038865 Al Huxley
Al Huxley's picture

Ah, I missed that. I guess that's why your the king!

Fri, 01/06/2012 - 09:45 | 2038824 Harlequin001
Harlequin001's picture

Hurray it's over! Recovery at last... not.

Fri, 01/06/2012 - 09:46 | 2038828 francis_sawyer
francis_sawyer's picture

It's TRICKY to rock a rhyme that's right on time...

http://www.youtube.com/watch?v=l-O5IHVhWj0&ob=av3e

Fri, 01/06/2012 - 10:28 | 2039018 fuu
fuu's picture

Tricky, tricky, tricky.

In other news 99 weeks ago today was 2/12/2010.

Fri, 01/06/2012 - 09:49 | 2038839 depression
depression's picture

Thank Goodness for those 99 weekers that dropped of the back end of the BLS number because their UI benefits have permanently expired. We are now in the peak of that statistical effect on the headline U-3 number, it should persist for another 4-6 months.

I have been predicting 8% Unemployment when Obama is elected for his second term, but at this rapidly increasing rate of descent we could easily be in the mid 7's by November !

Fri, 01/06/2012 - 09:50 | 2038846 RichyRoo
RichyRoo's picture

Green shoots! (remember that one)

Fri, 01/06/2012 - 10:04 | 2038928 Yes_Questions
Yes_Questions's picture

 

 

Its was Mr. Green,

on the Factory Floor.

Fri, 01/06/2012 - 11:42 | 2039257 Decay is Constant
Decay is Constant's picture

with the lead pipe.

Fri, 01/06/2012 - 10:15 | 2038970 Eally Ucked
Eally Ucked's picture

Decoupled from roots.

Fri, 01/06/2012 - 09:44 | 2038820 SheepDog-One
SheepDog-One's picture

Puttin ghosts to work, instead of QE'ing. Well of course theyre still paddling free money under the surface like mad, but no free overt gifts to stocks. With centrally planned total fascism like this, who needs QE?

Mon, 04/16/2012 - 02:01 | 2347913 jaffa
jaffa's picture

In particular when households make spending decisions assuming income to increase, or remain stable, for the years to come. When households take on credit based on this assumption, life events can easily change indebtedness into over indebtedness. Thanks a lot.
Regards,
condos downtown Toronto

Fri, 01/06/2012 - 09:46 | 2038825 Gully Foyle
Gully Foyle's picture

Mr. Lahey: Who is this park, or even in the whole world, doesn't have problems? Who doesn't have a drink too many times once in a while and maybe even winds up passed out in their own driveway, pissing themselves? Who doesn't drink too much sometimes or who doesn't have a puff from time to time? And who doesn't have problems with the people they love? This is our home. This is our community. I am Jim Lahey, and *I am your trailer park supervisor!*

Fri, 01/06/2012 - 10:17 | 2038978 Bill D. Cat
Bill D. Cat's picture

Ricky : Fuck off Lahey . You're not a real cop .

Fri, 01/06/2012 - 09:59 | 2038891 Chuck Walla
Chuck Walla's picture

It's a Miracle!

Wed, 04/25/2012 - 02:47 | 2372564 jaffa
jaffa's picture

In addition to these three comprehensive theories of unemployment, there are a few categorizations of unemployment that are used to more precisely model the effects of unemployment within the economic system. Thanks.
Regards,
reverse cell phone lookup

Fri, 01/06/2012 - 09:31 | 2038748 Clam McCain
Clam McCain's picture

bot going crazy

 

Fri, 01/06/2012 - 09:31 | 2038750 Sandy15
Sandy15's picture

It's because they are paying the Occupy movement with our TAX dollars...........

Fri, 01/06/2012 - 09:47 | 2038832 Gully Foyle
Gully Foyle's picture

Mr. Lahey: Birds of a shitfeather flock together, Randy.

Fri, 01/06/2012 - 09:31 | 2038751 Irish66
Irish66's picture

unbelievable

Fri, 01/06/2012 - 09:34 | 2038770 vast-dom
vast-dom's picture

as in PURE BULLSHIT #'s.

Fri, 01/06/2012 - 09:51 | 2038848 GMadScientist
GMadScientist's picture

unbelievable

fixt

Fri, 01/06/2012 - 09:31 | 2038752 achmachat
achmachat's picture

celebrate, good times come on!

it's a celebration!   (?)

Fri, 01/06/2012 - 09:36 | 2038779 cossack55
cossack55's picture

Party like its 99'.

Fri, 01/06/2012 - 09:48 | 2038834 tniutnia
tniutnia's picture

... like is 84`

fixed

Fri, 01/06/2012 - 09:51 | 2038853 GMadScientist
GMadScientist's picture

1784

refixt

Fri, 01/06/2012 - 10:04 | 2038923 francis_sawyer
francis_sawyer's picture

The BLS us using the CAREER BUILDER monkeys

http://www.youtube.com/watch?v=VRrMu7B1L2I

Want a new job?

Fri, 01/06/2012 - 09:32 | 2038755 Lord Maximus
Lord Maximus's picture

Face.Desk.

Fri, 01/06/2012 - 09:32 | 2038758 firstdivision
firstdivision's picture

Sell the news as this was holiday jobs. 

Fri, 01/06/2012 - 09:32 | 2038759 GeneMarchbanks
GeneMarchbanks's picture

Jobs everywhere I look.

Fri, 01/06/2012 - 09:34 | 2038760 LawsofPhysics
LawsofPhysics's picture

The minestry of truth has spoken, now get back on those wheels and run bitches.  If you bought the rumor, it is now time to sell the news.  That last week in January could be ugly.

Fri, 01/06/2012 - 09:33 | 2038761 Dr. Engali
Dr. Engali's picture

Ah life is good. I'm sure the birth death model is a modest number.

Fri, 01/06/2012 - 09:33 | 2038766 Boilermaker
Boilermaker's picture

You don't need to know or want to know what's in the sausage.

Fri, 01/06/2012 - 09:52 | 2038858 GMadScientist
GMadScientist's picture

Upton Sinclair approves this message.

Fri, 01/06/2012 - 09:33 | 2038763 Boilermaker
Boilermaker's picture

Is it just me, or is about 105% of the data coming out 'much better than expected'?

That seems odd to me.

Fri, 01/06/2012 - 09:38 | 2038793 GeneMarchbanks
GeneMarchbanks's picture

When 'expectations' are three inches from the floor. MOPE at its finest.

Fri, 01/06/2012 - 09:40 | 2038801 Cdad
Cdad's picture

Decoupling!

Fri, 01/06/2012 - 09:53 | 2038864 GMadScientist
GMadScientist's picture

Gah!! They're rehypothecating labor now!

Fri, 01/06/2012 - 09:55 | 2038879 knukles
knukles's picture

That's 105% of data on expectations of 98% up from a revised 55% the prior week with the long term data availability by definition being 100% unadjusted for seasonal and associated imaginary factors, net of benchmark and fictional revisions derived from the redacted article on data manipulation of unreliable non-facts as supported in Wikipedia, the world's largest source of totally manufactured fact also known as propaganda.  

Source: Ministry of Truth

Fri, 01/06/2012 - 09:33 | 2038764 Lord Maximus
Lord Maximus's picture

As I mentionned last month....

Obama WILL have this number at 8% or lower for his re-election bid.

So get used to this.

Fri, 01/06/2012 - 09:35 | 2038771 LawsofPhysics
LawsofPhysics's picture

Yes, buy the rumor and ...

Fri, 01/06/2012 - 09:50 | 2038841 SheepDog-One
SheepDog-One's picture

May be 8%, yet Obama still holds the all-time low approval number.

Fri, 01/06/2012 - 09:58 | 2038877 depression
depression's picture

Agree 100% Lord Maximus.

I think we may be looking at a U-3 number of 7.4% on election day.

The quicker they can cut UI benefits to these chronically unemployed (and get them out of the BLS number ) the better for Obama's re-election prospects.

I assume the BLS data is vetted by David Plouffe prior to release. The important thing now is to clear the path for Obama's second term. A year from now we should be back at 6% full employment and everyone can calm down. Crisis solved.

Fri, 01/06/2012 - 10:31 | 2039034 Zymurguy
Zymurguy's picture

Yes he will... there are two ways to improve the unemployment percentage:

 

01.)  People find jobs - by not using their benefits the percentage decreases... yay!

 

02.)  Peopl can't find jobs and their benefits run out - by not using their benefits (because they are gone) the percentage decreases... YAY!

 

Obviously the Obama administration has chosen strategy #2.

Either way the propaganda based media will cheer the lower percentage number.

Heads he wins, tails we lose.

What we need is an EMPLOYMENT number... not some manipulated, statistical, seasonaly adjusted unemployment number.

Fri, 01/06/2012 - 09:34 | 2038768 docj
docj's picture

Swell. OK, since the UE rate is (suppressing gag reflex) "lowest since February 2009" can we now, finally, stop spending upwards of 10% of US GDP in deficit? Pretty please?

Fri, 01/06/2012 - 09:34 | 2038769 I think I need ...
I think I need to buy a gun's picture

all these retail jobs,,,,until they turn into manufacturing jobs no recovery

Fri, 01/06/2012 - 09:38 | 2038787 cossack55
cossack55's picture

Someone has to sell all that Chinese shit!

Fri, 01/06/2012 - 09:49 | 2038840 Gully Foyle
Gully Foyle's picture

Randy: I can't get stoned, Ricky.
Ricky: What do you mean? It's shitty work. Everybody does that, all right? Carpenters, electricians, dishwashers, floor cleaners, lawyers, doctors, fuckin' politicians, CBC employees, principals, people who paint the lines on the fuckin' roads, get stoned, it'll be fun, get to work! Oh, and this is the most important, go down to the Shit-Mart. I need a bag of chicken chips. If they don't have chicken, get me dill pickle. And I want a chocolate milk.

Fri, 01/06/2012 - 09:54 | 2038870 francis_sawyer
francis_sawyer's picture

More like they need extra staff to handle all the RETURN items...

Fri, 01/06/2012 - 13:16 | 2039695 Absinthe Minded
Absinthe Minded's picture

Walmart near me posted a sign on the doors,

"No longer accepting Christmas returns."

This was a week after Christmas.

Fri, 01/06/2012 - 09:35 | 2038773 AU5K
AU5K's picture

Official government statistic, comrades !

 

Citizen Obama will lead Amerika Region and Global Collective to great era of prosperity.

Fri, 01/06/2012 - 09:35 | 2038775 Zadok
Zadok's picture

Income is dropping, employment statistics 'adjusted' until useless.  Consider this chart.

Total income/total population.  Year over Year.  Unadjusted $, Adjusted to current BLS inflation, and adjusted as if we still used the 1980 inflation calculation.

http://i1140.photobucket.com/albums/n579/bearasaur/PMStatsr3_13135_image...

It is going to take a lot for a long time to turn this around.

Fri, 01/06/2012 - 09:52 | 2038855 SheepDog-One
SheepDog-One's picture

Fascism doesnt turn around by itself, or too easily at all.

Fri, 01/06/2012 - 10:30 | 2038927 Zadok
Zadok's picture

Correct, it is going to take a lot, and it has not even started yet.  Tolerably widespread awareness of the problem would be a good place to begin.  

Edit: Good luck with that!

http://www.infowars.com/plundering-the-american-dream-college-students-demonstrate-the-idiocy-of-our-education-system/

 

Fri, 01/06/2012 - 09:54 | 2038868 LawsofPhysics
LawsofPhysics's picture

Great find, same as it ever was.  When the current rules don't fit your propaganda, change the rules and the way things are calculated.  New world order same old lies.

Fri, 01/06/2012 - 09:56 | 2038884 GMadScientist
GMadScientist's picture

Bingo. Aggregate income is the name of the game and it's coyote ugly up in the hizzy.

Fri, 01/06/2012 - 09:36 | 2038777 HD
HD's picture

Labor force is contracting - people falling off the rolls. More McJobs with no benefits on the way.

Fri, 01/06/2012 - 10:02 | 2038913 GMadScientist
GMadScientist's picture

More under-employed, more contractors (gotta make sure they can't organize now), and what few jobs are being created are not distributed evenly and are not helping the specific sectors like construction that have taken the hardest post-bubble hit. 

I have never felt more like a spoiled bitch in my entire life than I have with two steady incomes and company-paid healthcare.

Fri, 01/06/2012 - 09:36 | 2038780 SheepDog-One
SheepDog-One's picture

Yep, no QE.

Fri, 01/06/2012 - 09:36 | 2038781 lizzy36
lizzy36's picture

Labor Force participation still sucks 64%.

Drop in unemployment driven mainly by rise in employment (176k), with slight drop in labor force (50k) contributing as well.

Governement job losses were half of what they have been, expect that number to continue to go lower as election nears. Obama wants unemployment below 8% and doesn`t care how he gets there.

Fri, 01/06/2012 - 10:00 | 2038899 disabledvet
disabledvet's picture

so what's the 36 in lizzy36 mean hot stuff?

Fri, 01/06/2012 - 10:01 | 2038911 depression
depression's picture

7.4% is my prediction for election day.

A year from now we will be enjoying full employment with a 6% rate.

David Plouffe is a genius.

Fri, 01/06/2012 - 11:24 | 2039183 Lord Blankcheck
Lord Blankcheck's picture

Do you mean "Fool Employment"

Fri, 01/06/2012 - 11:31 | 2038783 scatterbrains
scatterbrains's picture

silver will get hit if they manage to raise yields on the long end if the current inverse correlation continues.

EDIT: staring at TLT vs. TNX and  confused myself. Meant to say if yields fall silver will get hit.

 

slv vs. tlt :

 

http://fiatflaws.blogspot.com/2012/01/slv-seems-to-be-trading-inverse-to...

Fri, 01/06/2012 - 09:37 | 2038784 Dick Darlington
Dick Darlington's picture

The Monster employment index fell 7 points in Dec to 140. The report, citing global econ uncertainties, says hiring plans remain cautious.

Fri, 01/06/2012 - 09:37 | 2038785 Saxxon
Saxxon's picture

Obama wins going away.  Invest accordingly.

Fri, 01/06/2012 - 10:07 | 2038941 WonderDawg
WonderDawg's picture

We have many miles to travel before the election. There is a world of shit just about ready to hit the fan. Obama is done.

Fri, 01/06/2012 - 10:16 | 2038974 depression
depression's picture

Obama is done when the MSM and George Soros say he is done. Odd's of that ever happening = 0

Fri, 01/06/2012 - 09:37 | 2038786 Darth Silver
Darth Silver's picture

The Cars said it the best:

Let the good times roll
Let them knock you around
Let the good times roll
Let them make you a clown

Fri, 01/06/2012 - 13:54 | 2039869 Cpl Hicks
Cpl Hicks's picture

That might make a good background tune for the ReElect Barry commercials coming soon.

*sigh*..another great rock and roll song sold out to The Man...

Fri, 01/06/2012 - 09:38 | 2038788 rubearish10
rubearish10's picture

We must llay it down, admit, confess and surrender: "everything is back to normal". LET'S GO TO WORK

Fri, 01/06/2012 - 09:38 | 2038789 nantucket
nantucket's picture

talk about manic depressive schizo.  weeks of data that are terrible and worse than expected, then weeks of data that shows signs of twitching to life and are better than CE.  it's the schizo economy.  learn it, love it, live it,....bitchez.

Fri, 01/06/2012 - 09:48 | 2038835 HoofHearted
HoofHearted's picture

Soon the booms and busts will come within the same day, even the same hour. This is an unsustainable system for sure...chaos is ruling.

Fri, 01/06/2012 - 10:54 | 2039102 Hohum
Hohum's picture

Red light....green light...red light

Fri, 01/06/2012 - 09:38 | 2038791 azzhatter
azzhatter's picture

Election year data

Fri, 01/06/2012 - 09:39 | 2038798 slaughterer
slaughterer's picture

EE pushing sheeple into cyclicals and trying to make Ogolfer look good for re-election.  EE wants some more Ogolfer crack in 2013-2016.   Thionk of it: If Paul wins, the crack dealer (the Fed) will be arrested and thrown behind bars. 

Fri, 01/06/2012 - 09:46 | 2038830 SheepDog-One
SheepDog-One's picture

Trying, maybe, but not working...Obamas record low approval rating drops another point.

Fri, 01/06/2012 - 09:56 | 2038880 LawsofPhysics
LawsofPhysics's picture

Fine with me, excute all the crack dealers along with every federal reserve board member.  Would solve many problems.

Fri, 01/06/2012 - 09:40 | 2038799 dpr10
dpr10's picture

total bs...nov revised down to 100k..the grand plan is working...no bad number before the elections:::)))

Fri, 01/06/2012 - 09:40 | 2038800 richard in norway
richard in norway's picture

two hunddred thousand jobs is fuck all in an american context, how can that take the unemployment rate down even slightly let alone by .2%

Fri, 01/06/2012 - 09:40 | 2038807 e92335i08
e92335i08's picture

Yet they revise last months rate back up to 8.7%. ?  Thats ok im sure we'll be ripping thanks to HFT algo's. Also Im glad were up so much when France and Italian yields are continuing to climb and the Euro continues to get smashed to new lows! Last time Euro was here and the Italian yields were over 7% the market was in panic mode. But now all is good and were ripping up? I don't get it

Fri, 01/06/2012 - 09:41 | 2038808 dvsteenk
dvsteenk's picture

now the question again is: who knew it before release?

unless the stock pumping we observe since last night was based on solid hope and conviction, candle burning and praying, Nostradamus predictions, whatever

Fri, 01/06/2012 - 09:42 | 2038810 firstdivision
firstdivision's picture

The revision to the prior release is kind of makes me think this release is ostentatious. 

Prior Release: 120k  Prior Revised: 100k 

Prior UE rate: 8.6%   Prior Revised: 8.7%

I think the revision to todays number will be ~160k

Fri, 01/06/2012 - 09:42 | 2038812 tallen
tallen's picture

Uh oh, look at the EUR/USD

Fri, 01/06/2012 - 09:43 | 2038817 nolla
nolla's picture

Yep, 1.274.

No QE3?

Fri, 01/06/2012 - 09:52 | 2038856 firstdivision
firstdivision's picture

Yes QE3, need the dollar higher to initate QE3.  Now if only that pesky oil number would drop.

Fri, 01/06/2012 - 09:46 | 2038816 LouisDega
LouisDega's picture

Stay tuned kids... " About that employment number " at 3pm, followed by your local weather

Fri, 01/06/2012 - 09:48 | 2038818 BlueStreet
BlueStreet's picture

I'll believe it when the debt clock starts moving in the opposite direction and we get the nation off gov't handouts. I'll be farting dust by then. 

 

 

 

 

 

Fri, 01/06/2012 - 09:46 | 2038826 LongSoupLine
LongSoupLine's picture

 

Well, with the Fed's "priority mandate" for job creation, there goes any chance for QE3.  After all, this is clear recovery.

 

Wait, scratch that, I forgot the Fed to bank relationship has nothing to do with any of this. 

Fri, 01/06/2012 - 09:46 | 2038829 KlausK
KlausK's picture

This is banana republic style. "These are the numbers. They are correct. Got a problem with that?"

Fri, 01/06/2012 - 09:48 | 2038836 papaswamp
papaswamp's picture

Terrible numbers. 
NSA participation rate declines again
NSA size of labor force declines again
NSA employment to population ratio declines again.
NSA Not In Labor Force increases by 455,000!
That is another +400,000 gone from the labor force…almost 900,000 in 2 months.

The denominator keeps getting smaller.

Fri, 01/06/2012 - 09:51 | 2038851 richard in norway
richard in norway's picture

must be all those baby boomers retireing

Fri, 01/06/2012 - 09:54 | 2038873 thedrickster
thedrickster's picture

That's the new meme, Zandi and Liesman took each other's cocks out of their respective mouths long enough to highlight it.

Fri, 01/06/2012 - 09:50 | 2038843 Dr. Engali
Dr. Engali's picture

Why is it that no major public figure calls bullshit on these numbers?

Fri, 01/06/2012 - 10:01 | 2038908 smiler03
smiler03's picture

I turned on Bloomberg this morning and all I'm hearing is that the US will soon be at 5.5% unemployment which is about the desired long term rate.

The economy is growing faster than bamboo! It must be true Shirley?

Fri, 01/06/2012 - 10:07 | 2038936 depression
depression's picture

U-3 is on auto-pilot:  - 0.2% per month until 5.4% is reached.

Fri, 01/06/2012 - 09:50 | 2038845 firstdivision
firstdivision's picture

The EUR loves this release..lol

Fri, 01/06/2012 - 09:51 | 2038850 somethingelse
somethingelse's picture

we got jobs!   blow jobs, hand jobs, odd jobs, and snow jobs

Fri, 01/06/2012 - 09:53 | 2038861 firstdivision
firstdivision's picture

You forgot ZJ's.

Fri, 01/06/2012 - 09:51 | 2038852 vegas
vegas's picture

Lies, damned lies, and then statistics. I seriously don't know why the markets take stats from the government at face value. As has been highlighted here at ZH so many times, just change the definitions to your liking and then report.

 

http://vegasxau.blogspot.com

Fri, 01/06/2012 - 09:54 | 2038872 SheepDog-One
SheepDog-One's picture

What market? The 'markets' are now just FED controlled indicators same as these phony 'data' numbers, its all irrelevant.

Fri, 01/06/2012 - 09:52 | 2038857 RobotTrader
RobotTrader's picture

Dollar is surging.

 

The "Green Shoots" Economy is back!!!

Fri, 01/06/2012 - 10:00 | 2038901 new game
new game's picture

dollar up

gold consolidating

fed swapping

eu fucked

sums it up

oh yea- found a job mopping up liquidity...

Fri, 01/06/2012 - 10:04 | 2038929 disabledvet
Fri, 01/06/2012 - 09:53 | 2038866 RobotTrader
RobotTrader's picture

The S & P 500 is breaking out to new annual highs in many foreign currencies.

 

If you are a foreigner, its a huge bull market in the USA.

http://stockcharts.com/freecharts/candleglance.html?$spx:FXE,$spx:FXY,$spx:FXC,$spx:FXS,$spx:FXA,$spx:FXM,$spx:FXB,$spx:FXF|D

Fri, 01/06/2012 - 10:07 | 2038939 disabledvet
disabledvet's picture

so if Japan, England and the entirety of the Continent of Europe experience massive price declines as they "sunset" then DOW 12,000 doesn't sound too bad, does it?
http://www.youtube.com/watch?v=ltc5EsuyBh4&feature=player_detailpage

Fri, 01/06/2012 - 09:54 | 2038867 AldoHux_IV
AldoHux_IV's picture

Well according to the central planners, if you aint a large bank then you really don't count.

Fri, 01/06/2012 - 09:55 | 2038874 rubearish10
rubearish10's picture

Man, volatility is dead. This day was once very much anticipated. Not anymore......

Fri, 01/06/2012 - 09:55 | 2038875 AU5K
AU5K's picture

Obama is targeting a low labor force participation as his strategy to lower unemployment.  He gets the dual benefit of a lower rate and the fact those people out of the labor force (but not retired) vote overwhelmingly demoncat.

 

 

Fri, 01/06/2012 - 10:08 | 2038946 depression
depression's picture

David Plouffe is a genius !

Fri, 01/06/2012 - 10:40 | 2039065 Raskolnikoff
Raskolnikoff's picture

Barry has a real easy job, make life miserable for the voters and they will come running to him for safety. No wonder he takes so many vacations, as easy jobs are very boring, he really needs those change of seneries. 

Fri, 01/06/2012 - 09:56 | 2038886 Forgiven
Forgiven's picture

IF one were to do the math, unemployment should be 25% at the 2007 participation rate on the U-3.  Wow, that hope and change stuff is really kick ass! //sarcasm off//

Fri, 01/06/2012 - 09:58 | 2038893 razorthin
razorthin's picture

You see little sheep, everything is just fine. That vice your balls are in is just in your little mind.

Fri, 01/06/2012 - 10:02 | 2038912 sabra1
sabra1's picture

once WW3 commences, 6M new jobs will be created! momma, close the door, i feel a draft!

Fri, 01/06/2012 - 10:09 | 2038949 richard in norway
richard in norway's picture

i have to ask, im sorry but i need to know

 

how thick is your average american? i mean are they going to believe this bull when they see their neighboors still havent got jobs? maybe i should just ask how stupid does the elite believe the average american to be

Fri, 01/06/2012 - 10:23 | 2039000 thedrickster
thedrickster's picture

You are asking the wrong question. How willfully ignorant is the average American?

Fatally so.

Fri, 01/06/2012 - 10:14 | 2038966 new game
new game's picture

all static

filter it out

go enjoy your day!

by 2013, be the same with a few another zero at the end of the number.

multipier effect...

Fri, 01/06/2012 - 10:22 | 2038999 HarryM
HarryM's picture

bLAH bLAH bLAH ... UNEMPLOYMENT DOWN TO 8.5% !!!!        RALLY!!!

Fri, 01/06/2012 - 11:01 | 2039117 Campagnolo
Campagnolo's picture

this info is bullshit!, they are just getting ready for elections. From now on expect big manipulated infomation.

Fri, 01/06/2012 - 11:02 | 2039125 MFL8240
MFL8240's picture

hahahahahahahahahahahahahahahaha!  This clown thinks we are buying this.

Fri, 01/06/2012 - 11:29 | 2039206 LookingWithAmazement
LookingWithAmazement's picture

Unemployment Rate Drops To 8.5% -  told you so: #WhatCrisis?

Fri, 01/06/2012 - 11:33 | 2039230 HileTroy
HileTroy's picture

well as expected bull Mc Jab and McDepot Jabs and jabs making 10 bones and hour. What a Joke.  I wonder if unemplyment stats reflects people working two shitty jobs to make ends meet counts as two people going back to work??  You cant make this up....... Well scratch that I guess you can.

Fri, 01/06/2012 - 13:20 | 2039709 Saro
Saro's picture

Unadjusted Numbers (since last month):

Population: +143,000
Employed: -389,000
Unemployed: +79,000
Labor Force: -310,000

Fri, 01/06/2012 - 13:25 | 2039736 JuicedGamma
JuicedGamma's picture

I was feeling all warm and fuzzy and then you brought me back with " Labor Force Participation At Lowest Since 1984".

Fri, 01/06/2012 - 13:42 | 2039804 Cpl Hicks
Cpl Hicks's picture

I'm sorry. I was looking at the FilipinoCupid pictures. What was this discussion about?

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