September NFP Prints At 103,000, Beats Consensus, Even As U-6 Comes At Highest Since December 2010, Manufacturing Jobs Lost

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Fri, 10/07/2011 - 08:37 | 1749103 HelluvaEngineer
HelluvaEngineer's picture

Oh Lord.  Queue the trolls.

Fri, 10/07/2011 - 08:42 | 1749123 Bartanist
Bartanist's picture

Look! One got the first post! Gratz Troll!

Fri, 10/07/2011 - 08:58 | 1749201 HelluvaEngineer
HelluvaEngineer's picture

Who pissed in your Cheerios?

Fri, 10/07/2011 - 09:44 | 1749393 MillionDollarBonus_
MillionDollarBonus_'s picture

This is a direct result of Obama's previous jobs bills. It took some time, but those investments are finally paying off. This is yet another example of the success of fiscal and monetary stimulus. For those libertarians who STILL don't get it, the following equation explains the result:

AGREGATE DEMAND -> MORE SPENDING -> INCREASED SALES -> STRONG CONSUMER ECONOMY

Libertarians have been DEAD wrong for the last 5 years. Where's total Armageddon and economic collapse? Where's the hyperinflation? I'm still waiting.

Fri, 10/07/2011 - 12:30 | 1749968 infotechsailor
infotechsailor's picture

u forgot to end with your closing sarcasm tag /SARC to signify that your entire comment was sarcasm... it was sarcasm, right?...

right?

 

 

 "The increase in employment partially reflected the return to payrolls of about 45,000 telecommunications workers who had been on strike in August.

Fri, 10/07/2011 - 13:51 | 1750314 Encroaching Darkness
Encroaching Darkness's picture

Oh, it wasn't sarcasm, he's serious(ly delusional).

And the real number for unemployment isn't really calculable, as no one knows how many have given up and are eating on savings, exist in homeless shelters without unemployment benefits, went overseas and are STILL looking for work, etc. The real number closest is probably John Williams' at Shadowstats, and even it should haunt every politician in WDC with endless nightmares.

Play with the numbers all you want; the truth will piss everyone off, and the darkness is still coming. I don't get any thrills from this; it's already a miserable time to be unemployed, broke, young and hopeless, old and without prospects of getting back on the job, or anything else except already wealthy and connected.

Then again, it will suck for them too, after a while. Beans, bullion, bullets, beer, what else have you put by?

Fri, 10/07/2011 - 08:49 | 1749163 stirners_ghost
stirners_ghost's picture

What are they standing in line for?

Fri, 10/07/2011 - 09:12 | 1749269 shaxmatist
shaxmatist's picture

Tyler is amazing. He'll take an incredibly bullish report and nitpick the smallest pessimistic tidbits he can find and make it sound like it was bad!

The term permabear doesnt even begin to describe whats going on in his mind.

 

Fri, 10/07/2011 - 09:16 | 1749280 taraxias
taraxias's picture

It's not a case of what Tyler says or anyone else for that matter. Are you incapable of critical thinking?

Repeat after me: THE.ECONOMIC.DATA.RELEASES.HAVE.LOST.ALL.CREDIBILITY

Fri, 10/07/2011 - 09:19 | 1749294 cosmictrainwreck
cosmictrainwreck's picture

hahaha...good one! yer just pulling our crank, right? right?

Fri, 10/07/2011 - 09:24 | 1749321 shaxmatist
shaxmatist's picture

There is no crank.. the report was the best economic news we got all year. But I guess if you look at the world with shit stained glasses, everything looks like shit?

Fri, 10/07/2011 - 10:31 | 1749491 fuu
fuu's picture

"the report was the best economic news we got all year"

HAHAHAHAHA!

103,000 - 45,000 = 58,000

US Median HOUSEHOLD income: $50,046/yr from here.

58,000 * $50,046 = $2,902,668,000/yr

We're all fucking saved!!!

<saddles up his unicorn and rides off into the crepuscular sunset>

 

 

Fri, 10/07/2011 - 10:34 | 1749564 Problem Is
Problem Is's picture

"Overall this was a weak report, and only looked decent because expectations were so low."

Calculated Risk

So how do I put this politely...

STFU shaxmatist, you Obummer-bot, Bullshit Barry the Wall Street puppet, TARP lovin', sock puppet shill...

Fri, 10/07/2011 - 10:51 | 1749634 pods
pods's picture

If this was the best economic news all year we are doomed. 

pods

Fri, 10/07/2011 - 11:34 | 1749773 Strike Back
Strike Back's picture

Right, because we're going to be able to treat, teach, and recover striking workers our way out of this recession.  The glasses are on your face.

From the decidedly perma-bullish and mainstream NY Times: "The private sector added 137,000 jobs in September, although that included about 45,000 Verizon workers who had been on strike during August and returned to work by September. As has been the case throughout most of the downturn and tepid recovery, health care and education were among the strongest sectors, adding 45,000 jobs in September."

If you don't get my treat and teach reference, do some research on how service sector employment is a cost and does not improve underlying economic structure.  Manufacturing jobs, which would actually help us pay down debt, have been lost.  This is bad news, not being nitpicky here. 

Fri, 10/07/2011 - 09:24 | 1749320 Schmuck Raker
Schmuck Raker's picture

I'm with ya Shax. Details are for losers!

Tyler your ridiculous, and... and when will you learn that UNemployment does not matter?!

Only EMployment matters!

Dang!

Fri, 10/07/2011 - 09:35 | 1749365 Jeff Lebowski
Jeff Lebowski's picture

Schmuck Raker

  • Personal information
Biography

Beltway Baby;Ski Bum;Cook;Carpenter;Scuba Bum;Family Caregiver. High School Educated. My favorite car is a bicycle. Haven't owned a TV for 10 years. I've traveled a bit.
For years I managed to ignore the follies of my fellow man, and my own. That convenience has recently been stripped from me.

Fri, 10/07/2011 - 09:38 | 1749374 Schmuck Raker
Schmuck Raker's picture

?...and?

Fri, 10/07/2011 - 10:17 | 1749500 Problem Is
Problem Is's picture

"He peed on the Dude's rug?"

"Fuckin' A, man."

Fri, 10/07/2011 - 11:07 | 1749695 Nascent_Variable
Nascent_Variable's picture

The August number was revised from 0 to 57K.  If you don't see any shenanigans going on, you're fucking retarded.

Fri, 10/07/2011 - 08:38 | 1749105 Cassandra Syndrome
Cassandra Syndrome's picture

Everything is under control.

Fri, 10/07/2011 - 09:00 | 1749205 Popo
Popo's picture

Watch them spin this as positive news.

Unemployment hasn't gone down (at all).  Manufacturing jobs lost.   No positive change... but we beat the estimates of a handful of analysts who are wrong more than 50% of the time.   Woohoo!  It's bullish!   </sarc>

Fri, 10/07/2011 - 09:26 | 1749325 Schmuck Raker
Schmuck Raker's picture

I could tell by the erasure marks all over the report.

Fri, 10/07/2011 - 08:38 | 1749106 SheepDog-One
SheepDog-One's picture

Just all lies and manipulation at this point. 

Fri, 10/07/2011 - 08:39 | 1749116 Shocker
Shocker's picture

If this wasn't more of the same it would be interesting. The numbers suck and pretty much everyone knows it. We continue to lose jobs, but somehow we always come out on top.

For a complete list - http://www.dailyjobcuts.com

Fri, 10/07/2011 - 09:01 | 1749213 scatterbrains
scatterbrains's picture

When is that U6 crowd gonna finaly burn the fed down ? Maybe the fed needs to print one or two more rounds before it gets to that.

Fri, 10/07/2011 - 08:53 | 1749177 Clorox Cowboy
Clorox Cowboy's picture

But SD1, don't you see?  There's the solution to all our problems...we just need 250,000 workers each month to go on strike and then return to work the following month!  All hail the BLS!

Fri, 10/07/2011 - 08:38 | 1749107 HITMAN56
HITMAN56's picture

3...2...1

Fri, 10/07/2011 - 08:38 | 1749108 lapedochild
lapedochild's picture

Futures seemed to like it...

Fri, 10/07/2011 - 08:48 | 1749157 HelluvaEngineer
HelluvaEngineer's picture

Dollar is in the process of tanking (again)

Fri, 10/07/2011 - 08:55 | 1749189 I think I need ...
I think I need to buy a gun's picture

thats why the system in fiat money is broken,,,,,the only way the stock market goes up is if dollar weakens,,,,if we continue to weaken the dollar forever oil goes up forever......thats why the system has to change right there commodities need the gold standard and the stock market needs fiat money,,,,,introduce Reference point gold....no of course oil priced in gold probably won't go over well with the populace....

Fri, 10/07/2011 - 10:41 | 1749579 Problem Is
Problem Is's picture

"if we continue to weaken the dollar forever..."

"We'll worry about that next quarter" said the Bernank to Jeethner as they warmed up the Fed-copter for action... "Have you got a better plan, Timmah?"

Fri, 10/07/2011 - 08:38 | 1749109 Dreadker
Dreadker's picture

So an increase of 58k workers, lower than the forecast 59k is what actually happened... but good old knee jerk "we're saved" wall street response lol  And its still 9.1% unemployment but everything is ok now, all in on the hedge funds and derivatives ponzi scheme!

 

Loved the daily shows piece on occupy wall street.... Hippy Nazis XD lol

Fri, 10/07/2011 - 08:39 | 1749110 Shocker
Shocker's picture

.

Fri, 10/07/2011 - 09:04 | 1749230 IBelieveInMagic
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does the dot represent a comment -- if so, how to view?

Fri, 10/07/2011 - 10:43 | 1749598 Problem Is
Problem Is's picture

He's a more efficient worker... can post more comments " . " by being to lazy to write...

Fri, 10/07/2011 - 15:15 | 1750677 sullymandias
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It originally said "..." but then he has second thoughts and went back and edited it.

Fri, 10/07/2011 - 08:39 | 1749111 LongSoupLine
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When market moving rumor tools are spent, move back to fixed data.  The fix is in and here's the ramp.  horseshit.

Fri, 10/07/2011 - 08:46 | 1749140 TradingJoe
TradingJoe's picture

The Ramp will be Faded as we reached the "saturation level" and profit taking will ensue shortly, see ya @ 1010SP!

Fri, 10/07/2011 - 08:55 | 1749174 Zeilschip
Zeilschip's picture

That's 100+ ES points in four days... I've a feeling tho, that unless Europe finds a way to have their bankrupt governments recapitalize their bankrupt banks and at the same time not let the PIIGS default, this bear rally squeeze will fade next week.

Fri, 10/07/2011 - 08:39 | 1749112 Joshua Falken
Joshua Falken's picture

These numbers are sooo open to revision they are next to worthless and yet the day trading lemmings jump off the cliff anyway.

 

Fri, 10/07/2011 - 08:39 | 1749113 swissaustrian
swissaustrian's picture

I don´t buy the hopium. I stay sober

Fri, 10/07/2011 - 08:39 | 1749114 sabra1
sabra1's picture

do U.S. teachers collect unemployment during summer holidays, and if so, are included in the septembers NFP when they return to work?

Fri, 10/07/2011 - 08:49 | 1749160 the not so migh...
the not so mighty maximiza's picture

i was told they collect reguler paycheck

Fri, 10/07/2011 - 08:49 | 1749165 Corn1945
Corn1945's picture

They do not collect unemployment.

Fri, 10/07/2011 - 08:39 | 1749115 TheLooza
TheLooza's picture

its a celebration bitchez.

now, allow me to show you how the headfake game works.  this fucking slut closes red today.

Fri, 10/07/2011 - 08:56 | 1749195 SheepDog-One
SheepDog-One's picture

Probably time to chop the bulls horns now, certain we're now embarked on a no risk rally.

Fri, 10/07/2011 - 09:27 | 1749328 fuu
fuu's picture

Have you had your personal time with any of the robots yet?

Fri, 10/07/2011 - 22:32 | 1752000 TheLooza
TheLooza's picture

Learned the hard way never stick my weenie in things that got smoke coming out of'em. Them machines working overtime, these days. Hot metal.

So fucking horny though.

 

Fri, 10/07/2011 - 08:40 | 1749117 rubearish10
rubearish10's picture

This shot goes on for at least another month now.....

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