Started By
Message
locked post

Unemployment down to 6.1%, lowest since Sept. 2008

Posted on 7/3/14 at 7:35 am
Posted by Enfuego
Uptown
Member since Mar 2009
9882 posts
Posted on 7/3/14 at 7:35 am
With 288k jobs added in June.

Great news.

LINK

This post was edited on 7/3/14 at 7:38 am
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 7/3/14 at 7:36 am to
This report looks solid through and through.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
67009 posts
Posted on 7/3/14 at 7:36 am to
What's the labor participation rate? What would the unemployment rate be under the system used to calculate it in 2008?
Posted by jamboybarry
Member since Feb 2011
32642 posts
Posted on 7/3/14 at 7:37 am to
Participation rate?
Posted by Enfuego
Uptown
Member since Mar 2009
9882 posts
Posted on 7/3/14 at 7:38 am to
Most of the number were just released on Bloomberg. Still waiting on the participation rate to come out.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98494 posts
Posted on 7/3/14 at 7:40 am to
Very solid report.
Posted by jamboybarry
Member since Feb 2011
32642 posts
Posted on 7/3/14 at 7:40 am to
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 by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 7/3/14 at 7:42 am to
u6 down from 12.2 to 12.1 w steady participation rate
Posted by ehidal1
Chief Boot Knocka
Member since Dec 2007
37133 posts
Posted on 7/3/14 at 7:43 am to
Summer of recovery. Hopefully for real this time and not just politics.
Posted by a want
I love everybody
Member since Oct 2010
19756 posts
Posted on 7/3/14 at 7:45 am to
What about Benghazi?
Posted by GumboPot
Member since Mar 2009
118683 posts
Posted on 7/3/14 at 7:46 am to
It's amazing how times have changed when a 6.1% print is considered good.
Posted by GumboPot
Member since Mar 2009
118683 posts
Posted on 7/3/14 at 7:47 am to
Time to get my short positions in the cue.
Posted by a want
I love everybody
Member since Oct 2010
19756 posts
Posted on 7/3/14 at 7:50 am to
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 by RedStickBR
Member since Sep 2009
14577 posts
Posted on 7/3/14 at 7:51 am to
Well, "good" here is a relative term.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 7/3/14 at 7:53 am to
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 by GumboPot
Member since Mar 2009
118683 posts
Posted on 7/3/14 at 7:55 am to
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 by Choctaw
Pumpin' Sunshine
Member since Jul 2007
77774 posts
Posted on 7/3/14 at 7:57 am to
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 by RedStickBR
Member since Sep 2009
14577 posts
Posted on 7/3/14 at 7:58 am to
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 by CamdenTiger
Member since Aug 2009
62383 posts
Posted on 7/3/14 at 7:58 am to
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 by udtiger
Over your left shoulder
Member since Nov 2006
98494 posts
Posted on 7/3/14 at 8:03 am to
quote:

it's like how everyone gets excited when gas drops below $3/gallon


when the frick was the last time that happened?
first pageprev pagePage 1 of 6Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram