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US Needs To Generate 262K Jobs Each Month To Get Back To Breakeven

Tyler Durden's picture




 

This is the latest tally: since the start of the Second Great Depression, the US has lost a total of 5.2 million nonfarm payroll jobs, beginning with 138 million jobs in December 2007, and printing at 132.8 million as of 90 minutes ago. So far so good. The problem, however is that the denominator in the equation is not fixed, and as everyone knows the US labor force, despite the ridiculous BLS data fudging, is growing in line with population, albeit at a slower pace. According to all non-partisan budget forecasters, each month the labor force should be adding 90,000 people. Which in turn means that since December 2007, the labor force has really grown by 4.6 million. Adding these two together leads to a 10 million job deficit. So what has to happen for these 10 million to get promptly put back into jobs, and for America to get back to the ~5% unemployment rate it boasted just as the credit bubble peaked? Nothing too crazy: the country just has to create 262,000 jobs every month for the remainder of Obama's first, and now, by the looks of it, second term too. We are quite confident he can handle it.

 

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Fri, 04/06/2012 - 10:17 | 2321973 Badabing
Badabing's picture

On this day in history thirty pieces of silver paid for a contract on an important political person.

The same thirty pieces of silver bought a large parcel of land in a world center city.

The pieces of silver probably used, where the shekel because it came from the temple.

http://www.antiques.com/classified/1094298/Antique-Year-One-Silver-Shekel---LC-138

This coins weight is around 22 grams. 22 x 30 = 660 divided by 32 = 20.625 oz or around $655 in today’s money. Does this sound like the correct price to you?         Cursed is the men that uses faulty weights and measures !

Happy Easter ZH 

Fri, 04/06/2012 - 10:27 | 2322028 Pladizow
Pladizow's picture

Hand 10 million people a spoon and tell them to dig and then fill in a ditch - Krugman's solution!

Fri, 04/06/2012 - 10:36 | 2322062 Straying from t...
Straying from the flock's picture

A solution that would have lots of excess dirt and far too few people at the end.  This scam is almost over.  It only takes a dime a day to END the charade.  Physical silver is the key to stopping the Federal Reserve and the banks, especially JP Morgan and HSBC, reign of terror. 

This is what I am doing:

http://strayingfromtheflock.org/2012/04/05/an-open-letter-to-my-friends/

I am preparing my family for the end of this paradigm.  What are you doing to protect your family?

Fri, 04/06/2012 - 11:51 | 2322292 TruthInSunshine
TruthInSunshine's picture

The Fed, Congress & the POTUS should all listen to Krugman, if they want to solve our economic woes, because not only is Krugman correct in his latest article inasmuch as he claims that inflation is too low (and that the official data on inflation is a credible gauge), but there should be a concerted effort to dramtically boost inflation, because nothing will sooth what ails an economy with high STRUCTURAL (not cyclical) unemployment, falling real wages and hours worked (in other words, less ability to consume), slumping aggregate demand (for loans, goods, services), and pressures on producers, suppliers, retailers and consumers, at a time of near record government deficit spending and record government debt, like a ramping up of inflation.

Yes, get inflation well beyond its current levels, and all those companies with 'cash' (or, in many cases, debt in the form of fiat piled high as a result of corporate bond sales given record low yields on said bonds) will hire many new workers to produce more of the things that aren't in demand by consumers who can't afford the prices of that which is already being produced.

Also, that ramp in inflation won't at all kill the economy further, because it's irrelevant that Americans are awash in debt as it is, that seniors and savers are engaged in massive deleveraging not out of choice, but necessity (given current rates of inflation and ZIRP), and that such a process won't end up also dramatically ramping bank failures as interest rates ultimately get away from Bernanke slowly at first, and then hasten the pace.

Yes, that Paul Krugman is some kind of genius.

/SARC

 

[Krugman is one sick bastard and pathological liar. In past columns, he never explicitly supported quantitative easing, but rather, called for fiscal, rather than monetary, stimulus. Not only does he call for more QE now, but if you read his latest sycophant rantings, he explicitly calls for the government to debase debt obligations via high inflationary policy.]

 

Not Enough Inflation


By

Published: April 5, 2012

 

Fri, 04/06/2012 - 12:15 | 2322335 qqqqtrader
qqqqtrader's picture

 

For what its worth...

Unemployment & Income Tax Correlation
Fri, 04/06/2012 - 10:34 | 2322052 Oh regional Indian
Oh regional Indian's picture

Sorry Bada, Jesus never existed. Sorry to break it to you. It's all allegorical. Just be happy anyways.

Google Bill Cooper and Easter and get the real dirt on the symbology and the astro-theology around christian festivals. Also, try Jordan Maxwell.

Christos is th eSon, "Risen" every day, thank GOD eh????? as Horus (hours anyone?) in morning only to die as Set every evening. Horus, Set. SunSet.

3 day North/South stillness of the suns tropical movement is always December 22, 23, 24..... then, on December 25th, it moves back up one degree.

HalleluJAH! HE is Born Again! They got this from observing a sun-dial.

if there is no Sun, there is No, none, no-thing.

All religious dressing is a scam, Hinduism's war tainted Epics, Islams warring  Prophet, judaism's Pentatuchal Madness of violence, Christianity's crusading lance....... Buddhism......hmmmmmmmmm

Anyways...

Really time everyone woke up to the religiion deception, hmmmmm? Major stumbling block to total awareness. For ourselves before they have it. 

God Damned scam, here in India, all the Gurus and yogis.... aaaargh.

If you see the easter bunny on the road, you are a mad hatter.

Anyways, awesome quote, got me laughing...

Conservativen. A statesman who is enamored of existing evils, as distinguished from the Liberal, who wishes to replace them with others. [Ambrose Bierce, "Devil's Dictionary," 1911]

;-)

walking on egg-shells.....

ori

Read the truth behind the church here..... probably as good a time as any to wake up and see the great 503 (@#$#) C scam.

ori

/straykitty-says-it-and-i-raise-it-with-the-rabbit-hole/

Fri, 04/06/2012 - 10:48 | 2322100 duo
duo's picture

you must have watched Soutpark Wednesday night.

Fri, 04/06/2012 - 10:53 | 2322120 Badabing
Badabing's picture

 ORI

I never mentioned Jesus, sounds like you have a phobia.

Fri, 04/06/2012 - 10:56 | 2322131 tmosley
tmosley's picture

Just because the story of his life has been filled in with a bunch of hogwash borrowed from other stories doesn't mean that he never existed.

Note that I am an athiest.

Fri, 04/06/2012 - 10:55 | 2322132 fuu
fuu's picture

You're just pimpin' to full effect today. The top of the comment threads had been so quiet for a while too.

Fri, 04/06/2012 - 11:05 | 2322150 Oh regional Indian
Oh regional Indian's picture

Just being a myth-buster fuu.

Everyone, try this for size....

http://www.youtube.com/watch?NR=1&feature=endscreen&v=NVc_KoXxLHg

ori

Fri, 04/06/2012 - 11:22 | 2322204 Pladizow
Pladizow's picture

There is always an agenda.

If you are going to reference Zeitgeist and Jordan Maxwell, you should research: Madam Blavatsky and Alice Bailey.

Fri, 04/06/2012 - 11:34 | 2322232 GeneMarchbanks
GeneMarchbanks's picture

Pained me a bit to [junk] ORI, since generally you're on topic at least somewhat. I send much love to you, brother, despite the bad taste on this occasion.

Fri, 04/06/2012 - 15:16 | 2323028 Oh regional Indian
Oh regional Indian's picture

hmmmm....well deserved derision al around it weems eh? Mea CUlpa.

Not really actually. Because What I said above is true. Someone said it gyrates around in india? WTF? Gyrates around is dumb talk. Do we have a different eleptic from the rest of the northern hemisphere. is India disconnected from the rest of the global landmass? Do we sort of gyrate around on our great indian tectonic plates. hmmm?

Good to see you all riled up. Other wise you just keep saying the same shit. Gold Bitchez! blythe @#$#%. + 1 Shiny Kugerrand...... Phyzzzzzzzzzzzz Bitchezzzzzzzzzzz........

Gene, Look up Dr. P K Bhat. 

There is no easter Bunny, sorry, you might as believe in Santa Claus.

ori

 

Fri, 04/06/2012 - 15:51 | 2323149 Badabing
Badabing's picture

ORI

OK the Easter bunny no, but Saint Nichols was a real guy that achieved sainthood through charity.

True religion is not the administration or the building or even the congregation’s beliefs, its charity and comes from the hart.

Fri, 04/06/2012 - 12:15 | 2322336 Badabing
Badabing's picture

ORI

“3 day North/South stillness of the suns tropical movement is always December 22, 23, 24..... then, on December 25th, it moves back up one degree.

Look man I don’t care if you worship a cow, but get your facts right!

“is always December 22, 23, 24” before you go believing all the naysayers do some due diligence. And look up “earth’s precession” its a 22,000 year cycle that you obviously know nothing about. The time I quoted was 2000 years ago almost 10% shift from Dec.22,23,24

So this” 3 day North/South stillness of the suns tropical movement” is Closer to Nov 27th 2000 years ago.     Always December 22   NOT

Fri, 04/06/2012 - 12:40 | 2322401 Urban Roman
Urban Roman's picture

That 'stillness of the sun" is BS anyway. If you live in India, it sort of gyrates around in the sky, but pretty much every day has 12 hours of light. You have wet/dry seasons, and I'm not familiar enough with India to know when those are.

Fri, 04/06/2012 - 11:10 | 2322172 Silveramada
Silveramada's picture

zeitgeist mixed with south park + mystery religions as you wrote(buddhism,Hinduism , all new age/old age movements exc exc) will deceive many even on ZH...

 100's + prophecies have been fulfilled without you even knowing about it, and archeology has many proves opf it too, but if you live to think that the universe is a CAUSE instead of the EFFECT of God's creation( which is completely and intellectually unsatisfying, since cause/effect relation apply to all things) then i can only pray for you that The Lord may open you eyes one day, cause you know, at the end everyone believe in God: someone before death, some after death...

 

Fri, 04/06/2012 - 14:26 | 2322797 IrritableBowels
IrritableBowels's picture

Jesus was an egyptian.

Fri, 04/06/2012 - 15:04 | 2322976 Madrid2020
Madrid2020's picture

And this offense coming from a culture(Indian) that believes in 300 Gods!

Fri, 04/06/2012 - 15:17 | 2323037 Oh regional Indian
Oh regional Indian's picture

Precisely my friend. Which is why my dear country is$#$#@#ed!

300 times divided.

ori

Fri, 04/06/2012 - 20:20 | 2323742 StychoKiller
StychoKiller's picture

In my understanding of Hinduism, ALL Gods (and all of creation!) is subsummed into Brahman.

Fri, 04/06/2012 - 22:47 | 2323981 zanez
zanez's picture

Great avi. Did you get that from FRED?

Sat, 04/07/2012 - 09:10 | 2324325 Badabing
Badabing's picture

its from a screen shot

Fri, 04/06/2012 - 10:15 | 2321974 augie
augie's picture

does that "transitory" line still work? 

Fri, 04/06/2012 - 10:15 | 2321977 Dr. Engali
Dr. Engali's picture

Just curious on people's thoughts. It seems that Israel is looking to attack Iran in 2013 instead of imminently. Some of our fleet is backing out of the gulf. The Enterprise has been assigned to the 6th fleet. Do you think it's a head fake or do you think that there isn't the stomache for a confrontation with China?

Fri, 04/06/2012 - 10:17 | 2321987 battle axe
battle axe's picture

Word is, that Obama bought the Israelis off with new military hardware so that they would not hit until after the election....Then Boom.

Fri, 04/06/2012 - 10:31 | 2322042 Shizzmoney
Shizzmoney's picture

Absolutely 100% gonna happen.  Israel knows that the US population would go into upheaval if this happened BEFORE the election.

After?  The US population can't say shit, whoever the President is can wield more power to stifle dissent, and the stock market will become ever more bullish due to the new war.

Thats why NDAA was put in place.  Not for catastrophic economic collapse....that won't happen for another 5-10 years.  It's to shut up the protestors when they join Israel (who really can take Iran on themselves) in air/even troop support for a campaign.

Fri, 04/06/2012 - 11:07 | 2322156 Dr. Engali
Dr. Engali's picture

Double post.

Fri, 04/06/2012 - 11:06 | 2322165 Dr. Engali
Dr. Engali's picture

Do you really think that will happen in 2013? or do you think all this backing off this just a head fake it'll happen sooner? I thought it would happen sooner, but now beginning to question that.

Fri, 04/06/2012 - 12:54 | 2322440 battle axe
battle axe's picture

The other theory is what you are saying "a head fake" which could be right, I thought it was kinda weird that the ex-head of Mossad came out against a strike,  seems almost like a disinformation campaign by the Israelis to throw people off the scent. I think one of the best articles was on ZH that talked about the sandstorm season and the moon phases in the Middle East, that would be the times to watch for a hit. 

Fri, 04/06/2012 - 10:41 | 2322084 DeadFred
DeadFred's picture

If I were an evil banker with the ability to get my elected minions to move aircraft carriers around on their own dime, I would get them to pump up tensions during an epic buildup of oil reserves just before I tanked the markets, then coordinate the 'easing of tensions' with the market downturn.

I would know that the system is doomed a few short years down the road so I would want to own all the production capacity that will survive the change, food, tech, energy amongst others.

Fri, 04/06/2012 - 11:46 | 2322275 Iconoclast
Iconoclast's picture

As is the habit to say in these parts it's surely all about the oil price bitchez..?

The USA will implode if the price reaches 5 dollars a gallon and stays there for the foreseeable..the USA has to give Iran a miss and it's Russia they'll be taking on this time, not just Iran. Russia knows the USA kleptos want access through Iran to the Caspian..which is totally off limits..Time for the USA to step down...from all of its shit..

Fri, 04/06/2012 - 10:15 | 2321978 JustObserving
JustObserving's picture

Maybe the BLS can tweak its Birth Death model.

Fri, 04/06/2012 - 15:05 | 2322979 Madrid2020
Madrid2020's picture

Not until after the election!

Fri, 04/06/2012 - 10:15 | 2321979 battle axe
battle axe's picture

Never going to happen, because we have a little bump in the road coming up in the very near future, it is called the war with Iran, that should hammer the economy into the ground even more then it is now....

Fri, 04/06/2012 - 10:16 | 2321981 Gully Foyle
Gully Foyle's picture

Does this topic post every six months?

Yes we are all gateful for the reminder.

 

Fri, 04/06/2012 - 10:16 | 2321982 junkyardjack
junkyardjack's picture

Well to be fair most of the unemployment is caused by people posting stupid shit on their Facebook account

Fri, 04/06/2012 - 10:18 | 2321992 peekcrackers
peekcrackers's picture

manufacturing of debit is the last of the jobs

Fri, 04/06/2012 - 10:33 | 2322000 SheepDog-One
SheepDog-One's picture

But what kind of jobs? Sign spinners for Cash for Gold shops? No one even discusses what KIND of jobs we have anymore, its just a job is a job. 

South Park - Cash For Gold - YouTube

Fri, 04/06/2012 - 10:22 | 2322002 dick cheneys ghost
dick cheneys ghost's picture

good luck with that....

Fri, 04/06/2012 - 10:22 | 2322004 vegas
vegas's picture

If Chalky Soetero gets a second term you won't be worrying about the NFP data. He must dream of Stalin at night when he sleeps. As this last week proves once more, he would prefer to be dictator in a totalitarian state. He attacks anything that moves that is a threat to his beloved power. Supreme Court? Get rid of 'em. A budget? Who needs it, I'm in charge. Laws are for little people.

 

http://vegasxau.blogspot.com

Fri, 04/06/2012 - 10:26 | 2322016 Gully Foyle
Gully Foyle's picture

vegas

Once again using "Chalky" as a demeaning term will never catch on. Too British.

I know you borrowed it from the shitty Boardwalk Empire.

To be truly cool maybe you could call him Errol, Elston Limehouse flunky from Justified.


Fri, 04/06/2012 - 10:30 | 2322038 SheepDog-One
SheepDog-One's picture

I just call him the purple lipped Kenyan. Because he is.

Fri, 04/06/2012 - 10:38 | 2322071 Gully Foyle
Gully Foyle's picture

SheepDog-One

Deja vu.

Almost word for word conversation from a couple of days ago.

SNL, back when it was funny, had a Chevy Chase line that went something like this : I don't judge a man by the color of his skin but by the size of his lips".


Fri, 04/06/2012 - 20:00 | 2323699 vegas
vegas's picture

From who and what Obama actually is, Chalky is a compliment. Can't help it, everytime I look at his pus I see Chalky telling Nucky he needs more passing around money on the street. Where the hell do you think that stimulus money went?

 

http://vegasxau.blogspot.com

Fri, 04/06/2012 - 10:24 | 2322005 jus_lite_reading
jus_lite_reading's picture

Do not worry Tyler... the cancer causing Coke and Pepsi will eliminate 90% of the unemployed.... MUST. GET. UNEMPLOYMENT. DOWN. TO 2%. BY. NOVEMBER.

http://news.yahoo.com/coke-pepsi-drop-level-cancer-chemical-162347754.html

Fri, 04/06/2012 - 10:25 | 2322012 SheepDog-One
SheepDog-One's picture

WOW nice of Coke and Pepsi to slow down a bit on the cancer causing chemicals!

Fri, 04/06/2012 - 10:29 | 2322034 Gully Foyle
Gully Foyle's picture
From Wikipedia.

Note it  is ONLY CA that has an issue.

Health concerns

There has been concern about the presence of 4-MEI in caramel color (which is the most used food and beverage coloring), typically at a concentration between 50 and 700 ppm.[5] Dark beers and common brands of cola drinks may contain more than 100 ?g of this compound per 12-ounce serving.[1]

At very high doses (360 mg/kg of body weight), 4-methylimidazole is a convulsant for rabbits, mice and chicks, and was the likely cause of acute intoxication observed in cattle fed with ammoniated sugar-containing cattle feed supplements in the 1960s.[5] On the other hand, several studies found no ill effect in rats and dogs for the concentrations found in caramel coloring.[5] A study even found that 4-MEI had an anti-carcinogenic effect on rats.[1][6] Based on these studies, caramel coloring of all types are considered safe. In the European Union the legal limit for 4-MEI in caramel coloring is 250 mg/kg.[7]

However, a 2007 study by the National Toxicology Program (NTP) found that high doses of 4-MEI were carcinogenic in mice and in female rats.[8] Similar effects were observed for the isomer 2-methylimidazole, also found in caramel coloring. It also has been claimed that the reduction in tumor rates seen by Chan and others were due to lower body weight rather than a true anti-carcinogenic effect.[1]

In January 2011 California added 4-MEI to its list of probable carcinogens and stipulated 16 ?g per day as the "No Significant Risk Level" intake. This is considerably less than the mean intake of 4-MEI by regular cola drinkers.[1] The food industry has strongly opposed that decision, as it implies the need for additional warning labels on many products, and it disputes the validity of the NTP study.[1] In March 2012 it was announced that both Coca-Cola and Pepsi have had their caramel color suppliers modify their manufacturing processes in order to meet the new California standard; as of the announcement the changes had already been made for beverages sold in California.[9] The recipe is not changing in Europe, so the 4-MEI level will remain the same.[10][11]

Fri, 04/06/2012 - 10:59 | 2322143 tmosley
tmosley's picture

Wow, so you only have to drink 3600 beers of cola drinks to go into convulsions?

I think you will have bigger problems at that point.

If cokes cause so much cancer, where's all the cancer?  Practically everyone drinks cokes.

Fri, 04/06/2012 - 11:36 | 2322243 SheepDog-One
SheepDog-One's picture

Wheres all the cnacer? You mean aside from all-time highs in cancer diagnosis?

Fri, 04/06/2012 - 11:48 | 2322280 Gully Foyle
Gully Foyle's picture

SheepDog-One

So you are claiming there is more Cancer instead of increased ability to detect Cancer?


Fri, 04/06/2012 - 12:01 | 2322309 SheepDog-One
SheepDog-One's picture

Well cancer is cancer, diagnosed or undiagnosed, it still kills ya just the same.

Fri, 04/06/2012 - 11:49 | 2322288 Gully Foyle
Gully Foyle's picture

tmosley

Notice that Dark beer is also a culprit but the focus is ONLY on soda.

If I recall correctly grilled meats are carcinogens but no one is talking about a ban on barbicues and outdoor grills.


Fri, 04/06/2012 - 10:24 | 2322006 Gully Foyle
Gully Foyle's picture

http://aimgroup.com/blog/2012/03/22/prostitution-ad-revenue-up-9-8-perce...

Prostitution-ad revenue up 9.8 percent from year ago

http://vitals.msnbc.msn.com/_news/2012/02/28/10533696-are-med-students-t...

Are med students turning to prostitution to pay tuition?

http://www.huffingtonpost.co.uk/2012/02/29/increase-of-medic-students-wo...

Secret Diary Of A Call Girl Blamed For Increase In Medic Students Working In Sex Trade To Pay For University

https://internationalwomensalliance.wordpress.com/2012/02/06/press-relea...

Press Release: Increased US military presence to boost prostitution and sex trafficking of Filipinas

http://boingboing.net/2012/04/05/the-child-brothels-of-banglade.html

Many young and inexperienced prostitutes have "lovers" or "husbands" who normally live outside the brothel occasionally taking money and sex from them in exchange for security in this male dominated society. She earns about 800-1000 taka daily ($9.75 - $12.19) servicing around 15-20 customers every day. Hashi is one of hundreds of mostly teenage sex workers living in a painful life of exploitation in Kandapara slum's brothel who take Oradexon, a steroid used by farmers to fatten their cattle, in order to gain weight and appear "healthier" and more attractive to clients.

http://www.washingtonpost.com/world/asia_pacific/afganistans-dancing-boy...

A growing number of Afghan children are being coerced into a life of sexual abuse. The practice of wealthy or prominent Afghans exploiting underage boys as sexual partners who are often dressed up as women to dance at gatherings is on the rise in post-Taliban Afghanistan, according to Afghan human rights researchers, Western officials and men who participate in the abuse.

“Like it or not, there was better rule of law under the Taliban,” said Dee Brillenburg Wurth, a child-protection expert at the U.N. mission in Afghanistan, who has sought to persuade the government to address the problem. “They saw it as a sin, and they stopped a lot of it.”

 

Fri, 04/06/2012 - 10:41 | 2322079 Oh regional Indian
Oh regional Indian's picture

That is some reaally angry making stuff Gully.

American military spreads a very degraded morality all over the world. They destroyed Thailand. Ruined Bangkok. okinawa. Phillipines.....just raped.....all over the middle east.......not to forget lastiing effects in Vietnam...

What th eBritish and other Euro militaries did over th elast 4 centuries...

It's all part of the plan anyways...

ori

Fri, 04/06/2012 - 10:24 | 2322008 Floordawg
Floordawg's picture

Obama 2012: Don't Re-NIG!

DISCLAIMER: I'm not a racist, so all you extremists on either end of the race spectrum just relax and enjoy a good bit of sick humor that I saw on a CA bumper.

Fri, 04/06/2012 - 15:06 | 2322987 Madrid2020
Madrid2020's picture

He be our savior! Ax anyone.

Fri, 04/06/2012 - 10:26 | 2322017 LongSoupLine
LongSoupLine's picture

We could solve the whole problem if we throw a ton of money at start-up solar companies.

Oh, wait a minute...nevermind.

Fri, 04/06/2012 - 10:50 | 2322073 dwdollar
dwdollar's picture

Haha... been there, done that. Time for a new centrally planned, profitless gimmick to fool the herd.

Fri, 04/06/2012 - 11:18 | 2322200 Vince Clortho
Vince Clortho's picture

It's time to move from Solar to pure Fusion.  Fortunately there are some well-connected entrepreneurs already eager to receive government grants to begin these great enterprises.

Fri, 04/06/2012 - 10:28 | 2322030 Whoa Dammit
Whoa Dammit's picture

Obama needs make Mirlande Wilson (the alledged MD MegaMillions winner) his new Job Czar. Then he can have great excuses like " I hid those jobs at McDonalds", "I have misplaced those jobs, but I'm gonna cash in those jobs as soon as I find them." 

Fri, 04/06/2012 - 10:41 | 2322081 SheepDog-One
SheepDog-One's picture

The ticket-less MegaMillions 'winner', where he bought the ticket shows no evidence of him buying a ticket there....such a scam just like Baldacci's 'The Winner' the lottery is a scam 100%.

Fri, 04/06/2012 - 11:15 | 2322187 Vince Clortho
Vince Clortho's picture

Did anyone believe they were going to just give that kind of money to some pond-scum muppet?

Fri, 04/06/2012 - 10:34 | 2322056 TradingJoe
TradingJoe's picture

Well, it's still Friday...y'all! By Monday futures will be UP! Trust me on this one! This "correction"is as shallow as all the other ones before, they are still trying to lure in retail-suckers(no ofense please), I guess one more bounce is IN before the BIG ONE! Short term oversold conditions be damned! :)))

Fri, 04/06/2012 - 10:40 | 2322076 TheInfoman
TheInfoman's picture

Here's an idea: Eliminate seasonal adjustments.  Just post YoY results. 

Fri, 04/06/2012 - 10:51 | 2322113 the 300000000th...
the 300000000th percent's picture

US Needs To Generate 262K Jobs Each Month To Get Back To Breakeven. Obummer to the BLS "make it so"

Fri, 04/06/2012 - 10:55 | 2322128 dwdollar
dwdollar's picture

I'm sure QE rumors will have the market up .5-1% Monday morning. And the worse futures fall this weekend the greater the probability of someone saying something and the more likely momos will believe it! Oh, isn't central planning fun!!!

Fri, 04/06/2012 - 11:34 | 2322234 ekm
ekm's picture

http://www.cnbc.com/id/46976910

There is sucking and there is sheer idiocy.

Fri, 04/06/2012 - 11:38 | 2322245 SheepDog-One
SheepDog-One's picture

'Here, in a strong economy'....had to stop reading there and puke.

Fri, 04/06/2012 - 12:06 | 2322317 ekm
ekm's picture

Same

Fri, 04/06/2012 - 11:54 | 2322302 jack stephan
jack stephan's picture

 

Dickerson: I've worked at this plant for 30 years! And I've been a foreman for seventeen of 'em! In my book, that gives me some rights, Mr. Whipple!
Wallace V. Whipple: Well, you've got the wrong book, Dickerson! My book reads as follows: You're drunk and disorderly and trespassing on private property and therefore subject to arrest!
Dickerson: Tell me somethin', Mr. Whipple! When you're dead and buried, who'd ya get to mourn for ya?!
Wallace V. Whipple: Shall I tell you the difference between you and it? That machine costs two cents an hour for current. It gets no wrinkles, no arthritis, no hardening of the arteries! That one machine is a lathe operator, a press operator. Two of those machines replace a hundred and fourteen men who take no coffee breaks, no maternity leaves, no vacations with pay! And that, in my book Mr. Dickerson, is worth considerably more than you are.
Dickerson: They shoulda stopped you a year ago! Somebody shoulda held you down and put a bit in your head and poured in some reminders that men have to eat and work! And you can't pack 'em in cosmoline like surplus tanks or put 'em out to pasture like old bulls! I'm a man, Mr. Whipple, ya hear me?! I'm a man! And that makes me better than this hunk of metal! Better! betterrr! Betterrrr.... (Dickerson takes a crow bar to the computer and it bursts into flames. Dickerson falls over, seemingly dead, as Whipple grabs gun from security guard and shoots him.)
Fri, 04/06/2012 - 12:00 | 2322310 batterycharged
batterycharged's picture

The problem going forward will not be jobs necessarily, I mean it won't be the worst problem.

 

Going forward will be wages. Sticky wages are set up to collapse. You can't have this high of unemployment for this long with wages increasing.

Inflation may save wages, but 120K jobs souns mildly bad, and despite the news of increasing wages...wages are going to fall further. See housing to follow.

Fri, 04/06/2012 - 12:07 | 2322315 debtor of last ...
debtor of last resort's picture

The question is why create jobs when there is no work

even monkeys don't do that

Fri, 04/06/2012 - 13:04 | 2322472 batterycharged
batterycharged's picture

No, the question is, why let OTHERS do your work for you when you have no work to do.

 

Fine, I'm up with globalization. So how do we match global wages while maintaining a standard of living?

You do that by providing mass transit, universal health care, localized and communal living. Then pay people $250/month because they are living efficiently. You can bitch about socialism, but people don't disappear because you refuse to acknowledge them.

We need more social engineering to bring back work and be globally competitive.

Fri, 04/06/2012 - 20:29 | 2323766 StychoKiller
StychoKiller's picture

[quote] We need more social engineering to bring back work and be globally competitive. [/quote]

 

"We need to spend more munny to get out of debt!"

"We need more social engineering to fix the problems caused by social engineering."

Check your premises.

 

Fri, 04/06/2012 - 13:06 | 2322474 the grateful un...
the grateful unemployed's picture

the first POTUS to say we are in the jobless society, will probably be out of a job. the truth hurts

Fri, 04/06/2012 - 15:08 | 2322996 Madrid2020
Madrid2020's picture

Was that racial? Just asking?

Fri, 04/06/2012 - 12:11 | 2322325 BeetleBailey
BeetleBailey's picture

"Nothing too crazy: the country just has to create 262,000 jobs every month for the remainder of Obama's first, and now, by the looks of it, second term too. We are quite confident he can handle it"

Sweet Jesus Tyler - I hope you're wrong on the highlighted part of my cut and paste.

On the other hand - Romney? Holy mother of GAWD!

I appreciate all your hard work. Have a great holiday; you earned it.

Fri, 04/06/2012 - 17:24 | 2323347 Westcoastliberal
Westcoastliberal's picture

Oh yes, isn't it great to live in the good ole U.S.A., land of so many political choices!

My advice, vote 3rd party whenever possible and never, ever, vote for any incumbent.  If we all do it enough times maybe they'll get the message.

Fri, 04/06/2012 - 12:42 | 2322390 newworldorder
newworldorder's picture

I have worked in industry for 35+ years and can say with a high degree of confidense that "labor" has become a comodity. With the exception of those jobs that require a high level of education, certifications and regulations to be able to work, there is today, very little if any competion for jobs based on an abundance of jobs available.

The causes of our problems are well known. We have done this to ourselves. Our elected representatives have stopped putting America first on their agenda. We have let them. We have worshipped at the alter of Modern Economics and we are now the beneficieries of their poisoned fruit. None of this will change in the near future. Will the modern corporation and debt based finance allow for long term change? We have two ways to go.

-  increased globalization with the continued economic integration of the worlds population, regardless of nationality and sovereignty OR

-  A return to our National state of America as articulated by our Constitution. I am not advocating here, a return to the 18th century mindset of social injustice. I am simply stating that we need to put the collective America first in everything we do.

SO - What will it be? Want to place your bets on the outcome? The future of our country hangs on this balance.

Fri, 04/06/2012 - 13:04 | 2322468 the grateful un...
the grateful unemployed's picture

we could model a vertical economy, such as we had after WW2, we mined the iron ore, formed the steel, manufactured the automobiles. we could do that again, and new technology in commodity processing would allow this (we don't need as much steel to make a car today). a vertical economy would deflect a lot of nationalist tensions, and global labor imbalances. but it seems as though everyone who makes it to higher office is a globalist, even W Bush who swore up and down he wasn't. but certainly the rules of impeachment should include some adherence to the platform the candidate promised before the election. if we put that in the rules of impeachment neither Bush nor Obama would have served out their first term.

Fri, 04/06/2012 - 17:33 | 2323365 hardcleareye
hardcleareye's picture

So how to you propose to handle the resulting global trade wars? I am just advocating that we have a plan to address the fall out.

"As the global economy entered the first stages of the Great Depression in late 1929, the USA's main goal emerged to protect American jobs and farmers from foreign competition. Reed Smoot championed another tariff increase within the USA in 1929, which became the Smoot-Hawley Tariff Bill."

"Threats of retaliation began long before the bill was enacted into law in June 1930. As it passed the House of Representatives in May 1929, boycotts broke out and foreign governments moved to increase rates against American products, even though rates could be increased or decreased by the Senate or by the conference committee. By September 1929, Hoover's administration had received protest notes from 23 trading partners, but threats of retaliatory actions were ignored.[7]"

 

Sat, 04/07/2012 - 00:01 | 2324052 the grateful un...
the grateful unemployed's picture

you suppose the Chinese go vertical as well, and answer some of their pressing domestic questions, including how do we run an authoritarian economic democracy? we could have pushed China into democracy in the 80's if we had built in trade barriers to prison labor. honestly i don't care what the rest of the world thinks, Americans workers are part of a free market and Chinese workers are not. you don't undercut capitalism with communism or everyone lives in a gulag

Fri, 04/06/2012 - 12:55 | 2322443 the grateful un...
the grateful unemployed's picture

when Romney came to SD he visited with the Spanos, the family which owns the Chargers team. Charger owners have been trying to milk the taxpayers for a new stadium for ten years. no secret Corporate Welfare took a hit in CA, when Gov Brown cancelled redevelopment funds for muni governments. of course the BS explanation for using taxpayer money to underwrite a new stadium (and other corporate enterprise zones and giving a bonus to the wealthiest Americans), is that corporate welfare creates jobs. but once the stadium is built the construction workers go back to the unemployment line, (and lately the state of CA has been investigating unfair contractor bid practises that many cities use, contractors who don't pay the standard or union wage)

after the stadium is built the city fire police street maintenance crews are there to help out on game day, in perpetuity, usually at no charge to the team. all studies of this form of corporate welfare have proven that stadium deals, (and one suspects all forms of corporate subisides) suck money out of the very cities they promise to help. (hint: what big sports event did Greece host a few years ago?) Romney has made his money this way, and so has most of the 1%, always promising jobs that are temporary, or are outsourced soon after.

the mantra has been that small business creates jobs, but through redevelopment funds cities create corporate enterprise zones, restaurant rows, etc, which bring in corporate franchises (a corporate franchise is more likely to stay in business than a small business, and to pay their taxes).

some small businesses eventually become corporate entities listed on wall street, but not too many. the combination of corporate downsizing, competition, and muni government using redevelopment funds to subsidize existing corporate franchises, has created a jobs vacuum. the 1% keep their assets levitating, while the 99% take part time jobs, or no jobs.

when carly fiorini said "those jobs needed to go to China", she was pretty much out of the senate race, but Romney (and Obama) aren't any different (less candid, that's all) in cutting off these redevelopment dollars gov brown has at least managed to make cities like SD pay attention to the infrastructure. (they arrest a policeman a month here, for something) morale stinks, and we know the fire dept is not ready for another Cedar Fire. the point is these are real jobs, jobs that are needed, but instead the jobs go to burger flippers at the latest corporate franchise concept restaurant, or some other boutique craze.

there are a lot of important jobs that need to be done. but until we cut off the corporate welfare there will be no jobs, or worthwhile jobs being created.

Fri, 04/06/2012 - 17:21 | 2323341 Westcoastliberal
Westcoastliberal's picture

As a refugee of SD I agree and let's not forget San Diego has been on the cusp of bankruptcy for at least the past five years due to the foxes guarding the hen house of pension benefits that cannot and will not be paid.

Perhaps the city should wipe the slate clean from the stench before deciding if it's really worth all that taxpayer money to give the Chargers what they want.

One other thing, I'm not sure which came first, but who the hell decided that a gasoline fuel dump with 1 month's worth of gasoline for the entire area be located across the street from Qualcomm stadium?  This to me is the smoking gun which proves "homeland security" to be an utter farce.

Sat, 04/07/2012 - 00:18 | 2324068 the grateful un...
the grateful unemployed's picture

pretty sure that gasoline storage was there before the Q was built.

 

maybe you recall the Donna Frye citizen mayor challenge, she wanted to fix the city infrastructure, (clean up the ocean too) and drop subsidies for commerical developers downtown to balance the sheet. she could have gotten concessions from the pension fund i think but she got run over by the GOP machine. the Bush people sent the FBI after three councilmen; it was (mostly) thrown out of court, and Carol Lam was replaced. There was Duke Cunningham, Abramoff, venture capital and the Indian casinos, money kicked back to Tom Delay, trillions missing, and probably in offshore banks, and America is broke, not because Bush mismanaged the budget but his people robbed this country blind. i get discouraged sometimes. then there's Obama, time to pop a fresh one.

Fri, 04/06/2012 - 13:07 | 2322479 j.darkness
j.darkness's picture

chart looks like a loaded gun to me!

Fri, 04/06/2012 - 13:21 | 2322521 maeg
maeg's picture

*We are quite confident he can handle it.*

Do I smell sarcasm without the /sarc?

Sat, 04/07/2012 - 08:07 | 2324283 orangegeek
orangegeek's picture

The US needs X jobs to break even.  Sounds like a line an investor uses to justify holding onto a losing deal.

 

If my EFT can go up another 5%, I'll break even and then I'll sell.

 

For all you Elliott Wave enthusiasts, nothing beats following market indexes - they tell all.  They tell all for investors, for the largest companies (employment) and for the social mood of those buying and selling.

 

It took TWO years to wipe out over 60% of the SP500 (primary wave 1 down).  It has taken over THREE years to claw back about 80% of this decline (primary wave 2 up) - not a sign of strength (we now have higher unemployment and more debt).

 

Get ready for primary wave 3 down.  http://bullandbearmash.com/latest/sp-500/weekly/

Sat, 04/07/2012 - 08:22 | 2324289 EuroSovietSerf
EuroSovietSerf's picture

There is a simple solution. Just let the BLS release a press statement that they have seasonally adjusted the unemployment down to 0% and now there is full employment. And Congress should pass a law that those who question BLS figures should be sent to jail.

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