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Message
Unemployment down to 6.1%, lowest since Sept. 2008
Posted on 7/3/14 at 7:35 am
Posted on 7/3/14 at 7:35 am
Posted on 7/3/14 at 7:36 am to Enfuego
This report looks solid through and through.
Posted on 7/3/14 at 7:36 am to Enfuego
What's the labor participation rate? What would the unemployment rate be under the system used to calculate it in 2008?
Posted on 7/3/14 at 7:38 am to jamboybarry
Most of the number were just released on Bloomberg. Still waiting on the participation rate to come out.
Posted on 7/3/14 at 7:40 am to Enfuego
quote:
The so-called participation rate, which indicates the share of the working-age people in the labor force, held at 62.8 percent.
Posted on 7/3/14 at 7:42 am to jamboybarry
u6 down from 12.2 to 12.1 w steady participation rate
Posted on 7/3/14 at 7:43 am to Enfuego
Summer of recovery. Hopefully for real this time and not just politics.
Posted on 7/3/14 at 7:46 am to Enfuego
It's amazing how times have changed when a 6.1% print is considered good.
Posted on 7/3/14 at 7:47 am to Enfuego
Time to get my short positions in the cue.
Posted on 7/3/14 at 7:50 am to GumboPot
quote:
It's amazing how times have changed when a 6.1% print is considered good.
5% is just about ideal
The participation rate still blows but it's getting closer. The S&P might break 2000 today for the first time (I think).
Posted on 7/3/14 at 7:51 am to GumboPot
Well, "good" here is a relative term.
Posted on 7/3/14 at 7:53 am to a want
With the ADP report and the improving employment signs seen in other recent reports such as ISM, I wouldn't be surprised to see the market open higher but close red by the end of the session. Most of this should have been priced in with the recent rally.
Posted on 7/3/14 at 7:55 am to a want
quote:
The S&P might break 2000 today for the first time (I think).
In the old market paradigm this would hold true. However in the current paradigm of endless QE, no. If this is a sign that the Fed will stop the printing presses the market will tank.
Posted on 7/3/14 at 7:57 am to GumboPot
quote:
It's amazing how times have changed when a 6.1% print is considered good.
it's like how everyone gets excited when gas drops below $3/gallon
Posted on 7/3/14 at 7:58 am to GumboPot
The Fed would have continued winding down QE regardless. More interesting will be to see what the market does when a rate hike starts looking like a near-term reality.
Posted on 7/3/14 at 7:58 am to GumboPot
quote:
In the old market paradigm this would hold true. However in the current paradigm of endless QE, no. If this is a sign that the Fed will stop the printing presses the market will tank.
Yep, we live in times of opposite reality....
Posted on 7/3/14 at 8:03 am to Choctaw
quote:
it's like how everyone gets excited when gas drops below $3/gallon
when the frick was the last time that happened?
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