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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 | Link to Comment silver500
silver500's picture

Everything is fine at last

Fri, 01/06/2012 - 09:33 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment GMadScientist
GMadScientist's picture

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

 

Fri, 01/06/2012 - 09:50 | Link to Comment 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 | Link to Comment Al Huxley
Al Huxley's picture

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

Fri, 01/06/2012 - 09:45 | Link to Comment Harlequin001
Harlequin001's picture

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

Fri, 01/06/2012 - 09:46 | Link to Comment 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 | Link to Comment fuu
fuu's picture

Tricky, tricky, tricky.

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

Fri, 01/06/2012 - 09:49 | Link to Comment 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 | Link to Comment RichyRoo
RichyRoo's picture

Green shoots! (remember that one)

Fri, 01/06/2012 - 10:04 | Link to Comment Yes_Questions
Yes_Questions's picture

 

 

Its was Mr. Green,

on the Factory Floor.

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

with the lead pipe.

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

Decoupled from roots.

Fri, 01/06/2012 - 09:44 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Bill D. Cat
Bill D. Cat's picture

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

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

It's a Miracle!

Wed, 04/25/2012 - 02:47 | Link to Comment 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 | Link to Comment Clam McCain
Clam McCain's picture

bot going crazy

 

Fri, 01/06/2012 - 09:31 | Link to Comment Sandy15
Sandy15's picture

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

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

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

Fri, 01/06/2012 - 09:31 | Link to Comment Irish66
Irish66's picture

unbelievable

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

as in PURE BULLSHIT #'s.

Fri, 01/06/2012 - 09:51 | Link to Comment GMadScientist
GMadScientist's picture

unbelievable

fixt

Fri, 01/06/2012 - 09:31 | Link to Comment achmachat
achmachat's picture

celebrate, good times come on!

it's a celebration!   (?)

Fri, 01/06/2012 - 09:36 | Link to Comment cossack55
cossack55's picture

Party like its 99'.

Fri, 01/06/2012 - 09:48 | Link to Comment tniutnia
tniutnia's picture

... like is 84`

fixed

Fri, 01/06/2012 - 09:51 | Link to Comment GMadScientist
GMadScientist's picture

1784

refixt

Fri, 01/06/2012 - 10:04 | Link to Comment 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 | Link to Comment Lord Maximus
Lord Maximus's picture

Face.Desk.

Fri, 01/06/2012 - 09:32 | Link to Comment firstdivision
firstdivision's picture

Sell the news as this was holiday jobs. 

Fri, 01/06/2012 - 09:32 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Jobs everywhere I look.

Fri, 01/06/2012 - 09:34 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment GMadScientist
GMadScientist's picture

Upton Sinclair approves this message.

Fri, 01/06/2012 - 09:33 | Link to Comment 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 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

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

Fri, 01/06/2012 - 09:40 | Link to Comment Cdad
Cdad's picture

Decoupling!

Fri, 01/06/2012 - 09:53 | Link to Comment GMadScientist
GMadScientist's picture

Gah!! They're rehypothecating labor now!

Fri, 01/06/2012 - 09:55 | Link to Comment 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 | Link to Comment 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 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Yes, buy the rumor and ...

Fri, 01/06/2012 - 09:50 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment cossack55
cossack55's picture

Someone has to sell all that Chinese shit!

Fri, 01/06/2012 - 09:49 | Link to Comment 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 | Link to Comment francis_sawyer
francis_sawyer's picture

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

Fri, 01/06/2012 - 13:16 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment SheepDog-One
SheepDog-One's picture

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

Fri, 01/06/2012 - 10:30 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment SheepDog-One
SheepDog-One's picture

Yep, no QE.

Fri, 01/06/2012 - 09:36 | Link to Comment 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 | Link to Comment disabledvet
disabledvet's picture

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

Fri, 01/06/2012 - 10:01 | Link to Comment 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 | Link to Comment Lord Blankcheck
Lord Blankcheck's picture

Do you mean "Fool Employment"

Fri, 01/06/2012 - 11:31 | Link to Comment 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 | Link to Comment 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 | Link to Comment Saxxon
Saxxon's picture

Obama wins going away.  Invest accordingly.

Fri, 01/06/2012 - 10:07 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Hohum
Hohum's picture

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

Fri, 01/06/2012 - 09:38 | Link to Comment azzhatter
azzhatter's picture

Election year data

Fri, 01/06/2012 - 09:39 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment tallen
tallen's picture

Uh oh, look at the EUR/USD

Fri, 01/06/2012 - 09:43 | Link to Comment nolla
nolla's picture

Yep, 1.274.

No QE3?

Fri, 01/06/2012 - 09:52 | Link to Comment 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 | Link to Comment LouisDega
LouisDega's picture

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

Fri, 01/06/2012 - 09:48 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment richard in norway
richard in norway's picture

must be all those baby boomers retireing

Fri, 01/06/2012 - 09:54 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment firstdivision
firstdivision's picture

The EUR loves this release..lol

Fri, 01/06/2012 - 09:51 | Link to Comment somethingelse
somethingelse's picture

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

Fri, 01/06/2012 - 09:53 | Link to Comment firstdivision
firstdivision's picture

You forgot ZJ's.

Fri, 01/06/2012 - 09:51 | Link to Comment 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 | Link to Comment 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 | Link to Comment RobotTrader
RobotTrader's picture

Dollar is surging.

 

The "Green Shoots" Economy is back!!!

Fri, 01/06/2012 - 10:00 | Link to Comment 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 | Link to Comment disabledvet
Fri, 01/06/2012 - 09:53 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment rubearish10
rubearish10's picture

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

Fri, 01/06/2012 - 09:55 | Link to Comment 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 | Link to Comment depression
depression's picture

David Plouffe is a genius !

Fri, 01/06/2012 - 10:40 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment HarryM
HarryM's picture

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

Fri, 01/06/2012 - 11:01 | Link to Comment 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 | Link to Comment MFL8240
MFL8240's picture

hahahahahahahahahahahahahahahaha!  This clown thinks we are buying this.

Fri, 01/06/2012 - 11:29 | Link to Comment LookingWithAmazement
LookingWithAmazement's picture

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

Fri, 01/06/2012 - 11:33 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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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