Market News

[nnuut]

Payrolls in U.S. Rose 146,000 in November; Jobless Rate at 7.7%


By Shobhana Chandra - Dec 7, 2012 8:30 AM ET
Payrolls in U.S. Rose 146,000 in November; Jobless Rate at 7.7% - Bloomberg

 

[James48843]

Payrolls in U.S. Rose 146,000 in November; Jobless Rate at 7.7%


By Shobhana Chandra - Dec 7, 2012 8:30 AM ET
Payrolls in U.S. Rose 146,000 in November; Jobless Rate at 7.7% - Bloomberg

Futures markets react positively. They like the lower unemployment numbers and higher jobs numbers.

It is going to be an interesting day.

 

[nnuut]

Those are very interesting numbers. Appears to be a Temporary reprieve?

 

[nnuut]

[TABLE="class: tablewrapper"]
[TR]
[TD="class: econo-reportname, colspan: 2"]Consumer Sentiment
[/TD]
[/TR]
[TR]
[TD="colspan: 2"]

[TABLE="class: actual_consensus_box"] [TR="class: actual_consensus_toprow"] [TD]	Prior	Consensus	Consensus Range	Actual
Sentiment Index - Level

[TD="class: econo-releaseinfo"]Released On 12/7/2012 9:55:00 AM For Dec, 2012
[/TD]

[TD="class: actual_consensus_box_numbers"]82.7
[/TD]
[TD="class: actual_consensus_box_numbers"]83.0
[/TD]
[TD="class: actual_consensus_box_numbers"]80.0 to 85.5
[/TD]
[TD="class: actual_consensus_box_numbers"] 74.5
[/TD]

Economic Calendar - Bloomberg
[/TD]
[/TR]
[/TABLE]
[/TD]
[/TR]
[/TABLE]

 

[wavecoder]

Payrolls in U.S. Rose 146,000 in November; Jobless Rate at 7.7%


By Shobhana Chandra - Dec 7, 2012 8:30 AM ET
Payrolls in U.S. Rose 146,000 in November; Jobless Rate at 7.7% - Bloomberg

but.. but.. but.. barack HUSSEIN o'bummer is killing the economy, nobody can get a job!!1

 

[nnuut]

If you believe everything you read, better not read. -- Japanese (on books and writers)

 

[RealMoneyIssues]

but.. but.. but.. barack HUSSEIN o'bummer is killing the economy, nobody can get a job!!1

Just to clarify:

The unemployment rate fell to 7.7 percent as the labor force shrank.

I guess as the people are convinced there are no jobs and stop searching, then the unemployment rate will go down...

Just trying to make sure all of the news article you posted is understood...

 

[nnuut]

[h=2]Obama Curve: Media Celebrate Meager Job Growth, 540K Dropping Out of Workforce

Friday saw the release of the November jobs numbers from the Bureau of Labor Statistics. The news is that Hurricane Sandy did not affect hiring. 146,000 jobs were created and the unemployment rate edged down to 7.7%, the lowest rate since September of 2008. Revisions brought worse news. 49,000 fewer jobs were created in September and October than originally reported. [/h]Already the media is celebrating and relieved by these numbers, but only graded on the four-year curve created for this president can the news of 146,000 new jobs be something worth celebrating. At this rate, we're barely keeping up with population growth, and we're most certainly not keeping up with the 360,000 to 390,000 new jobless claims filed every week.
But we've been hustled and bamboozled by the media into believing any number over 100,000 represents a recovery, when prior recoveries have given us 300,000-plus new jobs per month. Those recoveries, however, were generated by the government getting out of the way of the economy. Obama's bright idea was to micromanage, deficit spend, and hyper-regulate.
The Obama Curve: Media Celebrate 146k New Jobs, 7.7% Unemployment

 

[nnuut]

U.S. Stock Futures Fluctuate Amid Uncertainties in Italy


By Rita Nazareth & Adria Cimino - Dec 10, 2012 8:41 AM ET
U.S. Stock Futures Fluctuate Amid Uncertainties in Italy - Bloomberg

 

[nnuut]

Stock futures edge lower; eye Italy turmoil - Indications - MarketWatch
http://www.marketwatch.com/story/st...-eye-italy-turmoil-2012-12-10?dist=beforebell

 

[weatherweenie]

Retail sales up, Jobless claims down.

 

[wavecoder]

when boehner speaks, the markets go down

 

[wavecoder]

Obama to meet Boehner at White House at 5p.m. today. Gee i wonder whats going to happen maybe they will just get along

 

[weatherweenie]

More finger pointing: Senate Majority Leader Harry Reid took the Senate floor to criticize House GOP members for intransigence, saying he doesn't now see how the 'fiscal cliff' can be avoided.

 

[Mcqlives]

More finger pointing: Senate Majority Leader Harry Reid took the Senate floor to criticize House GOP members for intransigence, saying he doesn't now see how the 'fiscal cliff' can be avoided.

Yep...and ironically he doesn't say a word about his bill not cutting spending which is the main hangup the repubs have with it. Market reaction was predictable to his talking though. I wish I had known yesterday he was going to talk this morning...I would have bailed for sure!

 

[nnuut]

Yep...and ironically he doesn't say a word about his bill not cutting spending which is the main hangup the repubs have with it. Market reaction was predictable to his talking though. I wish I had known yesterday he was going to talk this morning...I would have bailed for sure!

Harry is just trying to pass the Hot Potato back to the House, the Blame Game continues, Idiots it's the spending!

 

[wavecoder]

time to tza the **** soon

vix is waking up / iwm looking to MACD cross negative, im licking my chops haha

 

[weatherweenie]

The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That's a sharp slowdown from the 3.1 percent growth rate in the July-September quarter.
The surprise contraction could raise fears about the economy's ability to handle tax increases that took effect in January and looming spending cuts.

US economy shrinks 0.1 pct., 1st time in 3 ½ years - Yahoo! Finance

 

[CrabClaw]

The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That's a sharp slowdown from the 3.1 percent growth rate in the July-September quarter.
The surprise contraction could raise fears about the economy's ability to handle tax increases that took effect in January and looming spending cuts.

US economy shrinks 0.1 pct., 1st time in 3 ½ years - Yahoo! Finance

The good news is we didn't know we were into the next recession. The bad news is, now we know.

 

[Birchtree]

Nah, look inside the numbers for the bullish nuggets - there are plenty of them.