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NFP Prints At 227K On Expectations Of 210,000, Unemployment Rate At 8.3% Boosted By Temp Jobs

Tyler Durden's picture




 

NFP 227,000 on expectations of 210,000; Previous revised from 243K to 284K; Unemployment Rate (U-3%) at 8.3%, U-6 at 14.9%. While for the first time in a long time those not in the labor force declined (from 87,874 to 87,564) and the participation rate rose as a result from 63.7% to 63.9%, here is what the market is focusing on currently: "Professional and business services added 82,000 jobs in February. Just over half of the increase occurred in temporary help services (+45,000)." Also, that Birth Death added 91K is also taking away from the lustre of the headline which is diamtetrically opposite of what Gallup found yesterday. The market reaction is one indicative of the realization that QE3 may have been delayed once again, and this time substantially.

Average duration of unemployment steady at 40.0 weeks, via John Lohman:

But temporary workers rose the most in over 2 years and near the highest rise on record...

 

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Fri, 03/09/2012 - 09:32 | 2239206 GetZeeGold
GetZeeGold's picture

 

 

Boom.....WINNING!!!!!

Fri, 03/09/2012 - 09:33 | 2239208 transaccountin
transaccountin's picture

Recovery! And to think we only needed to spend $5.5 trillion fiat to get to this point.

Fri, 03/09/2012 - 09:33 | 2239209 GetZeeGold
GetZeeGold's picture

 

 

Created or saved like a billion jobs.

 

 

Fri, 03/09/2012 - 09:38 | 2239225 MillionDollarBonus_
MillionDollarBonus_'s picture

BOOM! Libertarians get PWNED yet again. Oh man, this must be so embarrassing for doomer goldbugs and off-the-gridders. The global recovery is accelerating at an incredible pace! This bodes very well indeed for the Obama 2012 campaign.

Fri, 03/09/2012 - 09:38 | 2239229 brewing
brewing's picture

proceed with the junking...

Fri, 03/09/2012 - 09:45 | 2239252 GetZeeGold
GetZeeGold's picture

 

 

I don't know why you would junk......clearly everything is fixed.

 

/sarc....for the slow....you know who you are. Then again maybe you don't know.

 

Fri, 03/09/2012 - 10:34 | 2239406 mrgneiss
mrgneiss's picture

changed my mind.........

Fri, 03/09/2012 - 10:34 | 2239423 brewing
brewing's picture

i vote for obviously sarcastic...

Fri, 03/09/2012 - 10:43 | 2239447 Hard1
Hard1's picture

Hey, I used to work at a global consulting firm as partner and now I flip burgers part time and I show as "neutral" on the employment numbers. 

Fri, 03/09/2012 - 09:41 | 2239241 Schmuck Raker
Schmuck Raker's picture

"The global recovery is accelerating at an incredible pace!"

ROFLMAO (+1)

Fri, 03/09/2012 - 09:40 | 2239244 LongSoupLine
LongSoupLine's picture

lol MDB...not your best work, but pretty good.

Fri, 03/09/2012 - 09:53 | 2239285 brewing
brewing's picture

MDB needs to be resurected under a new name.  even the trolls know his schtick...

Fri, 03/09/2012 - 09:59 | 2239310 Dr. Engali
Dr. Engali's picture

Yeah but he still he still gets a lot of junks. And it's funny to watch when it's a live one.

Fri, 03/09/2012 - 10:12 | 2239337 i-dog
i-dog's picture

I consider him an IQ test for some of our less cranially-endowed and more emotional denizens.

He still holds the record and the "Gold Zero" for sucking in the highest number of indignant responses to an obvious troll.

Fri, 03/09/2012 - 10:21 | 2239377 slewie the pi-rat
slewie the pi-rat's picture

hard to tell who the bigger cunt is sometimes, i-dog

him, the obvious troll or a gutless wonder like you you who hasn't been in a fight here since god was in diapers and who just "goes along with" the 100% string-jumping stat and what it does to the serious dialogue on the site

not that serious dialogue has ever been either a strong suit of yours,  or a concern...

Fri, 03/09/2012 - 10:26 | 2239393 Dr. Engali
Dr. Engali's picture

 

"hard to tell who the bigger cunt is sometimes, i-dog"

I can see how you add to the serious dialogue.

Fri, 03/09/2012 - 10:36 | 2239427 brewing
brewing's picture

touche doc...

Fri, 03/09/2012 - 11:10 | 2239507 slewie the pi-rat
slewie the pi-rat's picture

he's a fuking troll, too you igno-rant shitheaded asswipe!

Fri, 03/09/2012 - 10:57 | 2239449 i-dog
i-dog's picture

I'm happy to debate the issues with anyone, Rat. I just don't get involved in trading ad hominems like you gutter-crawling rodents are wont ... that's not fighting, that's just kindergarten name-calling.

FYI, I don't consider your typically incoherent ramblings worth a fight ... I'd rather go back to sleep.

Fri, 03/09/2012 - 11:04 | 2239495 slewie the pi-rat
slewie the pi-rat's picture

L0L night-night ol buddy...

Fri, 03/09/2012 - 09:42 | 2239251 Dr. Engali
Dr. Engali's picture

Yep you're right MBD. Yesterday we saw that people were taking on debt again so the debt markets are working again. Greece has been fixed so it's all good there. And now the job machine is back in gear. Obama's reelection is now in the bag. People can go back to work as debt serfs and pretend that life is good. Business as usual. Next up bombing some brown people for your television entertainment.

Fri, 03/09/2012 - 09:47 | 2239265 route40misery
route40misery's picture

Who do you work for????  Out with it!

Fri, 03/09/2012 - 09:53 | 2239286 sablya
sablya's picture

American wealth rose 2.1%, roughly $1 trillion because of the stock market rise.  But how much did it cost future generations?  Where is the sense in spending $3 trillion to produce $1 trillion?  It is a most inefficient means of generating wealth.  When inflation starts to eat away at that gain, as it must, and interest rates rise, as they must, then that wealth will vanish but the debt will not go away.  

How is the global recovery accelerating?  China is slowing down.  Europe is slipping into recession.  How can the US avoid falling back into recession?  Then what will happen?

Fri, 03/09/2012 - 10:05 | 2239327 MillionDollarBonus_
MillionDollarBonus_'s picture

 The NFP number speaks for itself. We are entering a new era of growth and prosperity specifically because of the actions of our Federal Reserve and congress. This has now been confirmed beyond any reasonable doubt. So my advice to you and other doomers is this:

Cheer up, sell the bunkers, the bullion and the canned hams, and be part of the solution not the problem.

 

Fri, 03/09/2012 - 10:14 | 2239359 slewie the pi-rat
slewie the pi-rat's picture

stop jumping the zH strings, you little green asswipe!

Fri, 03/09/2012 - 10:20 | 2239375 Dr. Engali
Dr. Engali's picture

Look at those futures rip on this good news MBD. If I didn't know any better I would say the policy tool...er I meant to say market.... Was calling bullshit. I'm feeling wealthier by the minute. Obama ....please spend another 5 trillion and let is trickle down on us pleebs like a golden shower.

Fri, 03/09/2012 - 11:12 | 2239517 slewie the pi-rat
slewie the pi-rat's picture

your elitist trollism is showing

again

you are fuking up the site

again

Fri, 03/09/2012 - 09:58 | 2239306 casey13
casey13's picture

I believe when you say Libertarians you actually mean Austrians. 

The Austrians have been saying for months that the current currency injections would make things look better for awhile. It is an election year.
Meanwhile Krugman the Keynsian has been calling for even more money injections because of the bad economy. 

Fri, 03/09/2012 - 11:11 | 2239508 Vince Clortho
Vince Clortho's picture

Correct.

MDB is using the nomenclature of the Administration and the MSM who have expended considerable effort to convince the masses that "libertarian" is a slur.

Fri, 03/09/2012 - 10:02 | 2239321 azzhatter
azzhatter's picture

good let's normalize interest rates

Fri, 03/09/2012 - 10:16 | 2239338 slewie the pi-rat
slewie the pi-rat's picture

why would a "libertarian" be any more anything than a librarian, rotarian, or sumerian?  or a catholic?

what would a doomer or a person off the grid care about some data dipped in fudge?

you are just capable of reactive thought, and your reactions are severely atrophied, also

since you have never evinced any but a purely reactive and incomplete thought here, you obviously don't belong here

you're wasting your own time, which nobody could care less about, i'm pretty sure

but you're taking a toll on the site w/ your constant string-jumping

how about a nice deathMatchTM w/ slewie if you don't start using the comment box at the bottom of the page?

now, git, toy-boy!

Fri, 03/09/2012 - 10:54 | 2239392 fuu
fuu's picture

I wanna be a Sumerian Doomer. All hail Anunnaki!

Last Exit for the Lost

Fri, 03/09/2012 - 11:07 | 2239503 slewie the pi-rat
slewie the pi-rat's picture

hey, fuu!

that's odd!  i've always pictured you as a sumerian doomer...

Fri, 03/09/2012 - 11:08 | 2239505 El Oregonian
El Oregonian's picture

You've slipped from just being a dumbass to now just being a plain ol' stupidass. My god MAN!

Fri, 03/09/2012 - 11:27 | 2239574 slewie the pi-rat
slewie the pi-rat's picture

he's screwing up a tremendous number of tyler's strings with this "innocent" string-jumping behavior

he has accomplices and people who value his humor

he can put his fuking 'humor' at the dammed box at the bottom of the page!

 

 

 

Fri, 03/09/2012 - 11:28 | 2239588 El Oregonian
El Oregonian's picture

Exactly, slewie

Fri, 03/09/2012 - 11:37 | 2239619 slewie the pi-rat
slewie the pi-rat's picture

i'm sure tyler is already deep into his weekend binge

at least i hope he is

he'll pay attention when he fuking feels like it, of course...

trust me

Fri, 03/09/2012 - 11:26 | 2239573 Carl Spackler
Carl Spackler's picture

"The global recovery is accelerating at an incredible pace" 

                               - Some bumbling idiot

_____________________________________

Reality...

ECB President Mario Draghi said on friday, March, 9 that Europe is trapped between accelerating inflation and slowing growth.

Barack Obama said on Friday, March 9, that he is more concerned about his NCAA brackets than the fact that the current labor participation rate is 63.9% and heading lower, while the average number of weeks for Americans on unemployment is 40 and trending higher.

Chinese Premier Wen said at the People's Conference during the week of March 5th in Beijing that China should expect lower future growth in its economy as it now moves away from a policy of global expansion.

Fri, 03/09/2012 - 22:19 | 2242152 i-dog
i-dog's picture

Now, that's the way to deal with MDB (and government trolls) ... just flatten them with a well-aimed knockout punch. Thank's for giving the name-calling children in the basements (and sewers) a valuable lesson!

Fri, 03/09/2012 - 09:34 | 2239213 brewing
brewing's picture

watching the nfp on cnbs is more painful then the worst hangover...

Fri, 03/09/2012 - 09:36 | 2239221 HoofHearted
HoofHearted's picture

"lies, damned lies, and the BLS"

Fri, 03/09/2012 - 09:42 | 2239250 brewing
brewing's picture

this kelly evans does make me want to go to redtube though...

Fri, 03/09/2012 - 10:07 | 2239341 Lore
Lore's picture

B.ureau of L.abor S.H.tatis.T.ics

Fri, 03/09/2012 - 11:13 | 2239519 Vince Clortho
Vince Clortho's picture

Why do people keep inserting L between the B and the S?

Fri, 03/09/2012 - 09:54 | 2239289 Village Smithy
Village Smithy's picture

That is the most important point and not enough people even have a clue.

Fri, 03/09/2012 - 10:18 | 2239367 midtowng
midtowng's picture

Well, $5.5 Trillion in THIS country. Let's not forget the trillions spent stimulating the economies in Europe, Japan, and China. That spills over the borders too.

We are actually seeing a recovery. No doubt about it. We just had to borrow from the next two generations to get it.

Fri, 03/09/2012 - 11:57 | 2239691 CrashisOptimistic
CrashisOptimistic's picture

"Also, that Birth Death added 91K is also taking away from the lustre of the headline which is diamtetrically opposite of what Gallup found yesterday."

 

Tiny heads up, Tyler.  The Gallup sampling for their report was not coincident with the sampling from BLS.  The unemployment report is sampled, as I recall, in just one particular week of a month, I think it's the third week.  Gallup's sample was not that same week?

Fri, 03/09/2012 - 09:34 | 2239210 asteroids
asteroids's picture

A made up number with endless revisions. The market algos will ignore it. You should too.

Fri, 03/09/2012 - 09:38 | 2239223 GetZeeGold
GetZeeGold's picture

 

 

Revisions tsunami.........MF'ing imminent.

 

 

Fri, 03/09/2012 - 09:34 | 2239212 fonzannoon
fonzannoon's picture

This is funny to watch. McDonald's must be hiring up tghe ying yang.

Fri, 03/09/2012 - 09:47 | 2239264 a growing concern
a growing concern's picture

Invest now in my 3x leveraged Pink Slime Bull ETF (S&P symbol POO)!!!

Fri, 03/09/2012 - 09:57 | 2239304 JPM Hater001
JPM Hater001's picture

Im sending a letter to my school.  This is sick.

Fri, 03/09/2012 - 10:01 | 2239316 a growing concern
a growing concern's picture

That's good.  Tell everyone they're welcome to invest in my ETF as well.

Fri, 03/09/2012 - 09:53 | 2239284 grunk
grunk's picture

They were gearing up for the Shamrock Shake.

Fri, 03/09/2012 - 09:56 | 2239297 francis_sawyer
francis_sawyer's picture

Looks like Kelly Evans might be the next customer in line for a Shamrock Shake after Becky Quick...

Fri, 03/09/2012 - 09:35 | 2239216 Dr. Engali
Dr. Engali's picture

I'd like to know where these jobs are being created at.

Fri, 03/09/2012 - 09:38 | 2239228 Taterboy
Taterboy's picture

China

Fri, 03/09/2012 - 09:41 | 2239245 jcia
jcia's picture

For St. Valentines services OF COURSE

Fri, 03/09/2012 - 10:49 | 2239460 Baleful Runes 4 U
Baleful Runes 4 U's picture

Dollar stores, private prisons, surveillance companies, dumpster dive coaches

Fri, 03/09/2012 - 09:35 | 2239219 Mike Cowan
Mike Cowan's picture

They might as well be writing poetry.

Fri, 03/09/2012 - 09:40 | 2239240 Mike Cowan
Mike Cowan's picture

I forgot. They are paying people, a lot of them, to write poetry--some really horrible stuff. This ain't Paris.

Fri, 03/09/2012 - 11:23 | 2239560 Treason Season
Treason Season's picture

Rompuy gets $250,000 a year to write haikus. Of course he's got a captive audience.

Fri, 03/09/2012 - 09:36 | 2239220 Central Bankster
Central Bankster's picture

In other BLS news, pigs fly anfd there is no unempoyent. Thatsright zero.

Fri, 03/09/2012 - 09:43 | 2239222 WoodMizer
WoodMizer's picture

In related news, Farmville to be the biggest US employer in 2013.

They too are only hiring part timers to save on employment costs.

Fri, 03/09/2012 - 09:38 | 2239230 alien-IQ
alien-IQ's picture

Temp jobs Temp jobs and more Temp jobs.

Time for the CNBC monkeys to tell everybody about how Temp jobs are good for the economy and by proxy, Bullish for AAPL.

Fri, 03/09/2012 - 11:45 | 2239650 Eisenhorn
Eisenhorn's picture

The flip side to this argument is that temp jobs increasing are a sign that companies are testing the hiring waters.  We just hired a "temporary" project manager with the possibility of him going full time if the revenue is there.

My sense is that some portion of this number represents companies beginning to feel like there is a reason to hire, but not wanting to commit to full time just yet.

It is election year.  If we have a market downturn, it will be very soon, because barring WW3, it's going to be all good news from Summer on when the masses start paying attention.

After the election, it all goes to shit.

Maybe the Mayans had it right?

Fri, 03/09/2012 - 12:21 | 2239788 poor fella
poor fella's picture

"it's going to be all good news from Summer on when the masses start paying attention"

More like, paying, summer gasoline.   It's too easy/obvious to be completely bearish - but if owned a Birinyi ruler, I'd double-check the batteries.

Fri, 03/09/2012 - 12:22 | 2239804 Eisenhorn
Eisenhorn's picture

It's an election year.  They will do whatever is necessary to hold the markets aloft for the last half of the year running into November.  Gasoline or not.

The wild card is the Middle East and then of course the ever lurking "black swan".....

Fri, 03/09/2012 - 12:36 | 2239856 poor fella
poor fella's picture

I get that argument, but have serious doubts it can be done. So many people rolling out of UE, munis bled dry, no housing turnaround.

We'll see a massive uptick in small business - but really, how many people are going to be successful in this environment? Paying rent/mortgage/bills/gasonline is going to get tighter than Americans would like to think.

One day we'll look around a parking lot and EVERYONE will have an Herbalife vinyl on the back of their vehicles.....  THAT'S when I'm all in on my bearish bets.

It's my fault for not getting the right education where record corporate profits, 'money on the side-lines', and a global war for oil,  can keep the ponzi system afloat..

Fri, 03/09/2012 - 09:38 | 2239231 LongSoupLine
LongSoupLine's picture

 

 

watching the "experts" on CNBS pick apart the "data"...fullretard.

Do they realize this is "BLS data"?  You can pick apart a steaming pile of shit too, and guess what?...it's still shit.

Fri, 03/09/2012 - 09:39 | 2239233 chinaguy
chinaguy's picture

BLS hasn't posted B/D adjustment on their site yet. This is a first ...just saying.

Fri, 03/09/2012 - 09:48 | 2239249 bdc63
bdc63's picture

I was just on their site looking for the Birth/Death number and couldn't find it ... what the heck ...

edit:  found it.  91K

Fri, 03/09/2012 - 09:54 | 2239294 chinaguy
chinaguy's picture

edit, yes, posted @ + 90K...or 40% of the NFP no.

Fri, 03/09/2012 - 10:03 | 2239325 SheepDog-One
SheepDog-One's picture

B/D also BS, well the birth part anyway. I dont know anyone havin a kid over the last year, and I dont see any pregnant women around at all.

The DEATH part may indeed be high though!

Fri, 03/09/2012 - 10:50 | 2239463 EvlTheCat
EvlTheCat's picture

You are kidding right?

Fri, 03/09/2012 - 09:39 | 2239234 McNoob
McNoob's picture

Priced in already.

NO trader worth their salt COULD HAVE POSSIBLY believed the PPT could let the NFP figures dissappoint.

They might as well have made up the number with a random number generator... (RND + 220,000)

This market is now officially BEYOND RETARDED.

CDS TRIGGER TIME BITCHEZ! (first from me)

Fri, 03/09/2012 - 09:39 | 2239236 fonzannoon
fonzannoon's picture

I know the Tylers believe very much that the Bernak needs some deflationary crunch type event to give him cover for more QE. I used to believe that too. Well that ain't happening. From here on out it is either no more QE and the economy actually is getting better, or QE will have to be done in a runaway inflationary scenario. I am starting to believe in door #2.

Fri, 03/09/2012 - 09:51 | 2239279 scatterbrains
scatterbrains's picture

Everyone know's what cards Berstanky is holding and if he even thinks for a minute that by spinning the economic data so he can take printing off the table the market will simply double down on his ass (crash) and force him to give them what they want. He's the real sucker at the card table in my opinion.

Fri, 03/09/2012 - 10:00 | 2239313 francis_sawyer
francis_sawyer's picture

The "LV's"... (liquidity vigilanties)

Fri, 03/09/2012 - 09:56 | 2239298 kito
kito's picture

Glad you see the light and converted fonz......

Fri, 03/09/2012 - 10:04 | 2239329 riphowardkatz
riphowardkatz's picture

Why? Because you say so?

Fri, 03/09/2012 - 10:06 | 2239334 trav7777
trav7777's picture

the Fed can't lend at higher than 0% as there are no takers

Without compounding of lending, aka credit growth, the CBs have no choice, mathematically, but to print at least the coupon.

The aggregate economy is clearly *not* growing.  Look at the consumption metrics now across the globe.  You see saturated nations like the US dropping to decade lows in oil and gasoline usage while the nations still with any potential are rising about the same amount.

This is what resource peaks look like.  No longer is there a growing pie to divide.

Fri, 03/09/2012 - 12:24 | 2239812 Eisenhorn
Eisenhorn's picture

I hear you can harness solar flares?

 

Fri, 03/09/2012 - 09:39 | 2239238 nantucket
nantucket's picture

what's funny (not so much) is that there may have been no jobs created at all.  sometimes the economy loses 500,000 jobs but if the government forecasting models predicted 600,000 jobs would be lost,....then that gets counted as.....wait for it....100,000 jobs "created".  

Fri, 03/09/2012 - 09:41 | 2239247 WonderDawg
WonderDawg's picture

So, 227,000 jobs were created last month, but weekly we have 350,000+ filing for initial benefits. So, how does this result in no change, or some months like last month, a drop in the unemployment rate? I'm confused on this, and have been for a while. I don't get it. In a months time, let's just use 350K as the weekly number, 1.4 million people file for initial unemployment claims, and we create 227,000 new jobs, and the unemployment rate stays the same or goes down. Color me stupid, but this makes no sense to me.

Fri, 03/09/2012 - 09:49 | 2239273 nantucket
nantucket's picture

go to the BLS website and start reading the report, the methodology, the adjustments made, etc and you realize you are going down a rabbit hole.  it's beyond byzantine in its complexity.  it would take someone 40 hours a week, every week to continually decipher the data well enuf to understand where the misleading parts are.  here's the link if you want to: http://www.bls.gov/ces/news.htm

 

Fri, 03/09/2012 - 12:08 | 2239725 taniquetil
taniquetil's picture

All i got from reading that report was that they still use past data to forecast seasonal adjustments, when the exact same methodology caused the MBS market blow up not 3 years ago?

Fri, 03/09/2012 - 09:50 | 2239275 a growing concern
a growing concern's picture

Just knock back some Maker's Mark and try not to think about it too much.

Fri, 03/09/2012 - 09:52 | 2239282 nantucket
nantucket's picture

i did that last night, which is probably why i can't think straight this morning

Fri, 03/09/2012 - 10:26 | 2239395 WonderDawg
WonderDawg's picture

Ha, get me started drinking Maker's Mark, I'm liable to come out of a blackout in 3 weeks, walking around the streets of Vegas in my boxers with plastic bags on my feet, missing a kidney or two. But you go ahead, I'll strike a match ;-)

Fri, 03/09/2012 - 09:51 | 2239278 Sunshine n Lollipops
Sunshine n Lollipops's picture

I was just gonna ask the same question, Dawg. MarketWatch is touting the 227K as if it's a net gain, but that makes no sense to me. Of course, MW is a POS propaganda site, but that's beside the point.

 

Fri, 03/09/2012 - 12:45 | 2239914 _ConanTheLibert...
_ConanTheLibertarian_'s picture

This tells you how many people drop out of the work force. Over a million per month! Jesus Christ!

There is no recovery, it's getting much worse. This also makes clear that MDB is obviously trolling.

Fri, 03/09/2012 - 09:44 | 2239253 firstdivision
firstdivision's picture

Average hourly earnings, down MoM, good thing oil is rising in this number.  Looks like iPad3 sales may be lessened.  

Fri, 03/09/2012 - 09:49 | 2239272 Momauguin Joe
Momauguin Joe's picture

Details, details...

Fri, 03/09/2012 - 09:43 | 2239255 alien-IQ
alien-IQ's picture

If they manage to push the /ES past 1368.50 and hold it, that will make it 10 consecutive positive weeks or...another way to look at it would be: The /ES has not had a negative week in all of 2012.

Truly amazing.

Fri, 03/09/2012 - 09:44 | 2239258 mayhem_korner
mayhem_korner's picture

 

 

Special Announcement: Tonight's party is ON.  Please don your Dow 14K tees and meet at Faux Info at 9pm.  Our goal is to beat Alex Hope's one-week old $323K binge record.  That is all.

Fri, 03/09/2012 - 10:05 | 2239332 francis_sawyer
francis_sawyer's picture

You're looking in the wrong spot if you want to know what the 'sheeple' are thinking...

Try ESPN... March Madness starts next week & "bracketology" is in full gear already...

Next week... The "Bracketologist in Chief" will grace us all with his picks (no doubt picking all #1 seeds)...

Fri, 03/09/2012 - 10:47 | 2239456 besnook
besnook's picture

read huffnpuffers for a real guage of everyman reality(or lack of it). mass delusion or the astounding benefit of being in the bottom half of the class, a genetic inability to understand reality, hence sentenced to a life of fantasy. i'd still rather smoke some good weed.

Fri, 03/09/2012 - 09:45 | 2239260 Dr. Engali
Dr. Engali's picture

Back to sleep tiny American's life is good. You're flipping burgers and borrowing money. You are getting sleepy... Sleepy .... Slee

Fri, 03/09/2012 - 09:49 | 2239271 Jim in MN
Jim in MN's picture

City of tiny lights

Don't you wanna go

Hear the tiny auto horns

When they tiny blow

*****

Talkin' bout those tiny cookies

That the people eat

That the people eat

That the people eat

That the people eat

--Zappa

Fri, 03/09/2012 - 09:45 | 2239261 Jim in MN
Jim in MN's picture

Y'know, funny thing, when you're high all the time the rationalizations often fail to make logical sense.

Whatever you are telling yourself, you don't forget the next fix.

Anyone suggesting that the Fed will become sane/grow a pair in an election year deserves to lose their shirts.

Fri, 03/09/2012 - 10:00 | 2239311 SheepDog-One
SheepDog-One's picture

The Torture Never Stops. 

Frank Zappa.

Fri, 03/09/2012 - 10:07 | 2239342 Jim in MN
Jim in MN's picture

 

 

Disagree

Well no one durst

He's the best of course of all the worst

Fri, 03/09/2012 - 09:48 | 2239266 Seasmoke
Seasmoke's picture

every job in America has become temporary

Fri, 03/09/2012 - 09:48 | 2239269 mayhem_korner
mayhem_korner's picture

 

 

Step right up, you're the next contestant on COUNT THE LIES.  Our first puzzle comes courtesy of CNBC:

With warm weather helping to spur activity and as the European sovereign debt crisis receded into the background, the American economic engine continued its slow but steady drive toward recovery.

http://www.cnbc.com/id/46679432

So, how many lies are in this statement:

a)  2

b)  3

c)  4 or more

Fri, 03/09/2012 - 10:03 | 2239319 Sunshine n Lollipops
Sunshine n Lollipops's picture

I see lies everywhere. In fact, I see nothing but lies anymore.

Fri, 03/09/2012 - 12:57 | 2239986 mayhem_korner
mayhem_korner's picture

 

 

I'm ready to tell you my secret...

...I see lying people.

(Sixth Sense?)

Fri, 03/09/2012 - 09:55 | 2239276 docj
docj's picture

Swell. So as I ask every month when this "everything is fixed, nothing but blue-skies ahead, go back to buying your iCrap on credit" number comes out - can the Fed.Gov now stop spending 53-cents out of every dollar in deficit?

Yeah, I know. Rhetorical?

Fri, 03/09/2012 - 09:56 | 2239299 SheepDog-One
SheepDog-One's picture

Yea, and now we can certainly stop firehosing 0% free money directly into the TBTF bank vaults, right? OH wait just remember NAH we have to keep THAT going for the next 8 years at least.

Fri, 03/09/2012 - 09:51 | 2239277 monopoly
monopoly's picture

I am afraid it will be "troll day" here at zero hedge. Oh well. Just part of the process.  How come they never talk about the "quality" of jobs. Jobs at $9.00 an hour with 0 benefits do not move our economy forward. The news that Macy's was hiring thousands. They pay just a little more than Foxcomm. Amazing the sheeples and MSM just drool over these reports. 

And was in HD yesterday. Still more employees than customers. What a recovery.

Fri, 03/09/2012 - 09:52 | 2239283 Angus195
Angus195's picture

I think under the National Defense Authorization Act of 2012, if we question the validity of these government numbers we are technically 'terrorists' - so for the record - I believe their accurate.

Fri, 03/09/2012 - 10:09 | 2239345 trav7777
trav7777's picture

"dissent" will be permitted so long as those doing it are no more than a few doomer goons behind keyboards.  Once you actually start trying to exercise things like freedom of assembly, the government will begin picking people off.

OWS came and went - nothing changed, did it?

Fri, 03/09/2012 - 09:53 | 2239287 SheepDog-One
SheepDog-One's picture

More 'Topped it by .1%' dancing on the head of a pin data from here on out!

BTW, you know this means 'QE' is off again, but $5 gas is not. OK america back to enjoying the fake puppet show election nonsense and the other propaganda.

Fri, 03/09/2012 - 09:54 | 2239288 SmoothCoolSmoke
SmoothCoolSmoke's picture

Euro and Dow heading in opposite direction...fast.   Not sure why.  Any thoughts people?

Fri, 03/09/2012 - 09:57 | 2239301 SheepDog-One
SheepDog-One's picture

Because the U.S. is soooooooo totally fixed, man.

Fri, 03/09/2012 - 10:06 | 2239339 Sunshine n Lollipops
Sunshine n Lollipops's picture

Yeah, the FX market seems a bit schizo this morning. Gee, I wonder why?

Fri, 03/09/2012 - 10:11 | 2239353 Squid Vicious
Squid Vicious's picture

we are decoupling from the planet

Fri, 03/09/2012 - 11:15 | 2239529 moonman
moonman's picture

Its all priced in

 

Fri, 03/09/2012 - 09:54 | 2239290 RoadKill
RoadKill's picture

Seems to me that the "seasonal adjustments" assume normal weather and when seasonally warm winter is adding more jobs then expected putting normal seasonal adjustment overstates things.

Anyone have any info or stats that disprove this?

Fri, 03/09/2012 - 09:54 | 2239292 Alex Kintner
Alex Kintner's picture

Party like it's 1929.

Fri, 03/09/2012 - 10:00 | 2239312 docj
docj's picture

Early 1929, you of course mean.

Fri, 03/09/2012 - 09:54 | 2239293 the not so migh...
the not so mighty maximiza's picture

Don't you need at least 250K to keep up with birth rate?

 

Fri, 03/09/2012 - 09:58 | 2239303 chinaguy
chinaguy's picture

no, more like 150K

but people working now number about 140 million...the exact same number that were working in 2009...when U3 printed at about 10%...and there were 5 million less folks of working age.

 

Fri, 03/09/2012 - 09:59 | 2239308 the not so migh...
the not so mighty maximiza's picture

got it

 

Fri, 03/09/2012 - 10:02 | 2239323 mayhem_korner
mayhem_korner's picture

 

 

chinaguy - what are you're info sources?

I thought the workforce was something like 141 million, but actual working was around 118 million (12 million officially unemployed, 23 million un- or under-employed). 

Fri, 03/09/2012 - 09:55 | 2239296 Taterboy
Taterboy's picture

I know! 200,000 were hired to be leprechauns for St. Patrick's Day! Wait till the Easter Bunny hires get added.

Fri, 03/09/2012 - 09:58 | 2239305 puck
puck's picture

Wait till they tie all the debt to public institutions so we have to fund them with our tax dollars

Fri, 03/09/2012 - 10:00 | 2239309 highwaytoserfdom
highwaytoserfdom's picture

The BLS has lost all credibality..   Last year in Massachusetts they revised job growth from 40,000 to 9,000,  Now  Obama's buddy Patrick (ex corporate lawyer coca cola) THIS IS A -444%  DECLINE...         Now Bank America president has been all over the CNBS station trying to sell stock saying 12% unemployment to explan the poor peformance (insolvenvy of TBTF in my book).   The BLS  was given the responsibility from Massachusetts.    THE BLS IS A POLITICAL SHILL...  

 

http://www.boston.com/Boston/businessupdates/2012/03/january-unemployment-rate-holds-steady-mass-percent/tiljJTxuIVvSu3aqva9ozK/index.html

Fri, 03/09/2012 - 10:08 | 2239343 Moneyswirth
Moneyswirth's picture

The media is having a party.  A fucking party.  "Yay! Unemployment 'steady' at 8.3%! Everything's awesome!" 

We've reached a point where the administration, in conjuction with his flying monkeys in congress and the complicit clapping seals in the media are cheering 8.3% unemployment.   What a bunch of clowns. 

We're truly boned as a society...

Fri, 03/09/2012 - 10:10 | 2239351 PaperBear
PaperBear's picture

And the CAC kicks in for Greek debt so no default today .... (fake) WOOHOO ... except that tomorrow is another day and default has just been avoided for a little while longer.

Fri, 03/09/2012 - 10:11 | 2239354 kito
kito's picture

Gold 2000 is nothing but a distant dream.......no qe3, no gold 2000......

Fri, 03/09/2012 - 10:45 | 2239453 ActionFive
ActionFive's picture

Stocks say QE/you say no QE...QE!

Fri, 03/09/2012 - 10:17 | 2239364 Lore
Lore's picture

Paper gold tanking at NY open. What a farce. Andrew Maguire, eat your heart out. Stackers will be coming out of the woodwork.

Fri, 03/09/2012 - 10:23 | 2239387 crawldaddy
crawldaddy's picture

people simply want Oz to be real, so they never bother nor even want to peak behind the curtain.

 

 

Fri, 03/09/2012 - 10:48 | 2239457 Moneyswirth
Moneyswirth's picture

Yes...

Fri, 03/09/2012 - 10:27 | 2239396 Everybodys All ...
Everybodys All American's picture

Amazing to think that people can become euphoric over 8.3% unemployment rate and at least double that in real terms. Just goes to show you when you lower expectations and beat them that is all that matters.

Think of Obama as better than Carter and everything makes you want to vote for him again.

 

Fri, 03/09/2012 - 12:28 | 2239835 Andy_Jackson_Jihad
Andy_Jackson_Jihad's picture

I always wonder:  who even cares?  The number of people employed per capita is all that matters and that peaked in 2000.

BLS could take this birth/death model and only apply it to the denominator to get a real employment ratio that would really indicate how the workforce is doing.

Just because someone is retired doesn't mean they don't exist and are therefore no longer sucking down resources.

Fri, 03/09/2012 - 11:11 | 2239513 lizzy36
lizzy36's picture

Over that last 7 years a grand total of 4000 jobs have been created.

4000 jobs.

Trillions and Trillons of dollars later, and 4000 jobs is what the US counts as a success.

Fri, 03/09/2012 - 11:21 | 2239520 q99x2
q99x2's picture

Out of the Closet hires 2 new part time workers. One quits.

McDonalds hires part time officers to regulate part time applicants during a job opening.

Trillion dollar green shoots as temp workers build out the DHS.

FEMA hires 5,000 temp employees for state of the art rendition centers.

2,000 security officers hired by bankers.

5,000 Mexican immigrant machinists hired by Northrop Grumann to build US drones.

100 programmers hired by Martin Marietta to hack as annonymous.

500 Indian temp agencies hired to answer service hotline calls. 2 US telco employees hired to install switch.

TSA reach extended to children. Hires 100 additional pedophiles.

Fri, 03/09/2012 - 11:39 | 2239623 EvlTheCat
EvlTheCat's picture

Maxing out your MasterCard to buy cat food for grandma... priceless..

Fri, 03/09/2012 - 11:21 | 2239551 catacl1sm
catacl1sm's picture

WTF. Didn't Gallup just announce that U3 would be 9.1%? There's fudge, and then there's just plain shit.

Fri, 03/09/2012 - 11:38 | 2239620 batterycharged
batterycharged's picture

I'm not sure about temp jobs, I'm pretty sure the $9/hr job with no benefits I landed in January is going to last at least 6 months. At least I hope it will, then I can get back on unemployment if they decide to let me go (only 20 weeks this time, Michigan is now a corporate-friendly state!).

After 3 years being unemployed, I'm part of the huge hiring bonanza of the last 3 months!

At least it's not minimum wage. =/

And you need to stop using "average wages" "average income"...because that includes Wall Street bonuses and billionaire incomes. Use MEDIAN, that tells the real story, averages are misleading when the middle class is fucking disappearing.

 

Fri, 03/09/2012 - 11:52 | 2239675 Stuck on Zero
Stuck on Zero's picture

These BLS employment models are based upon the global warming computational models show ever rising temperatures and employment.

Fri, 03/09/2012 - 12:03 | 2239704 besnook
besnook's picture

the bernank monetary theory is the new god! he savd the usa and the world! krugman and mises(and minsky) are struggling for air in the dustbin.  bernank, the monetary super hero!

Fri, 03/09/2012 - 12:17 | 2239776 ejmoosa
ejmoosa's picture

I Nailed the number on CNBC.  Listen to my interview with Carl between 11:50am and noon today.

The single most important factor for the rate of future job growth is the rate of profit growth the preceeding 12 months.

 

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