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

Fri, 03/09/2012 - 09:33 | 2239208 transaccountin
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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
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Created or saved like a billion jobs.

 

 

Fri, 03/09/2012 - 09:38 | 2239225 MillionDollarBonus_
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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
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proceed with the junking...

Fri, 03/09/2012 - 09:45 | 2239252 GetZeeGold
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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
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changed my mind.........

Fri, 03/09/2012 - 10:34 | 2239423 brewing
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i vote for obviously sarcastic...

Fri, 03/09/2012 - 10:43 | 2239447 Hard1
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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
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"The global recovery is accelerating at an incredible pace!"

ROFLMAO (+1)

Fri, 03/09/2012 - 09:40 | 2239244 LongSoupLine
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lol MDB...not your best work, but pretty good.

Fri, 03/09/2012 - 09:53 | 2239285 brewing
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MDB needs to be resurected under a new name.  even the trolls know his schtick...

Fri, 03/09/2012 - 09:59 | 2239310 Dr. Engali
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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
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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
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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
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"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
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touche doc...

Fri, 03/09/2012 - 11:10 | 2239507 slewie the pi-rat
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he's a fuking troll, too you igno-rant shitheaded asswipe!

Fri, 03/09/2012 - 10:57 | 2239449 i-dog
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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
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L0L night-night ol buddy...

Fri, 03/09/2012 - 09:42 | 2239251 Dr. Engali
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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
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Who do you work for????  Out with it!

Fri, 03/09/2012 - 09:53 | 2239286 sablya
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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_
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 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
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stop jumping the zH strings, you little green asswipe!

Fri, 03/09/2012 - 10:20 | 2239375 Dr. Engali
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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
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your elitist trollism is showing

again

you are fuking up the site

again

Fri, 03/09/2012 - 09:58 | 2239306 casey13
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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
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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
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good let's normalize interest rates

Fri, 03/09/2012 - 10:16 | 2239338 slewie the pi-rat
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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
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hey, fuu!

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

Fri, 03/09/2012 - 11:08 | 2239505 El Oregonian
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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
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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
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Exactly, slewie

Fri, 03/09/2012 - 11:37 | 2239619 slewie the pi-rat
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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
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"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
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"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
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Why do people keep inserting L between the B and the S?

Fri, 03/09/2012 - 09:54 | 2239289 Village Smithy
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That is the most important point and not enough people even have a clue.

Fri, 03/09/2012 - 10:18 | 2239367 midtowng
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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
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"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
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A made up number with endless revisions. The market algos will ignore it. You should too.

Fri, 03/09/2012 - 09:38 | 2239223 GetZeeGold
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Revisions tsunami.........MF'ing imminent.

 

 

Fri, 03/09/2012 - 09:34 | 2239212 fonzannoon
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This is funny to watch. McDonald's must be hiring up tghe ying yang.

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