FogSailing
Well-known member
I'm Doin the "It's My Birthday" dance...
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nnuut's Account Talk
- Thread starter nnuut
- Start date
nnuut
Moderator | TSP Legend
Jobs a little better than projected, BUT!
Jobs grow more than expected
November jobs growth slows but edges higher than estimates; unemployment remains unchanged rather than expected increase.
December 7 2007: 8:52 AM EST
NEW YORK (CNNMoney.com) -- Employers added fewer workers to U.S. payrolls in November, according to a closely-watched government reading on labor market strength released Friday that still came in a bit stronger than Wall Street expectations.
The net gain in payrolls came in at 94,000 in November, after a revised 170,000 gain in October. Economists surveyed by Briefing.com had forecast a 70,000 in workers in the latest reading. The September reading was revised lower by 52,000 jobs.
The job growth came from the service sector as manufacturing lost 11,000, while construction employment fell by 24,000.
The unemployment rate stayed at 4.7 percent reported for October. Economists had been forecasting a rise to 4.8 percent.
The average hourly wages rose 8 cents, or 0.5 percent, to $17.63. It was the biggest one-month percentage gain since April 2006, and well above the forecast of a 0.3 percent rise, or the revised 0.1 percent increase for October.
The increase left seasonally-adjusted wages up 3.8 percent over the last 12 months. That's a bit better than the 3.5 percent rise in retail prices for the 12 months ending in October, according to a separate Labor Department estimate.
The jobs report is being particularly closely watched this month, as there have been mixed signs about whether the U.S. economy is at risk of falling into recession next year. Concerns about recession have raised expectations that the Federal Reserve will cut interest rates for the third straight time at its meeting Tuesday.
But the slightly better than expected job growth, coupled with the jump in wages, could limit central bankers to a quarter-point cut, rather than the half-point decrease that some investors and economists had been looking for.
http://money.cnn.com/2007/12/07/news/economy/jobs_november/index.htm?postversion=2007120708
Jobs grow more than expected
November jobs growth slows but edges higher than estimates; unemployment remains unchanged rather than expected increase.
December 7 2007: 8:52 AM EST
NEW YORK (CNNMoney.com) -- Employers added fewer workers to U.S. payrolls in November, according to a closely-watched government reading on labor market strength released Friday that still came in a bit stronger than Wall Street expectations.
The net gain in payrolls came in at 94,000 in November, after a revised 170,000 gain in October. Economists surveyed by Briefing.com had forecast a 70,000 in workers in the latest reading. The September reading was revised lower by 52,000 jobs.
The job growth came from the service sector as manufacturing lost 11,000, while construction employment fell by 24,000.
The unemployment rate stayed at 4.7 percent reported for October. Economists had been forecasting a rise to 4.8 percent.
The average hourly wages rose 8 cents, or 0.5 percent, to $17.63. It was the biggest one-month percentage gain since April 2006, and well above the forecast of a 0.3 percent rise, or the revised 0.1 percent increase for October.
The increase left seasonally-adjusted wages up 3.8 percent over the last 12 months. That's a bit better than the 3.5 percent rise in retail prices for the 12 months ending in October, according to a separate Labor Department estimate.
The jobs report is being particularly closely watched this month, as there have been mixed signs about whether the U.S. economy is at risk of falling into recession next year. Concerns about recession have raised expectations that the Federal Reserve will cut interest rates for the third straight time at its meeting Tuesday.
But the slightly better than expected job growth, coupled with the jump in wages, could limit central bankers to a quarter-point cut, rather than the half-point decrease that some investors and economists had been looking for.
http://money.cnn.com/2007/12/07/news/economy/jobs_november/index.htm?postversion=2007120708
hessian
Member
Hi Nnuut,
Nice analysis. Read your post on oil being up, again too, and this may have some influence on Fed. decision since it likely plays on Consumer Sentiment (due out at 10:00am today, 76.00 exp.) - price of gas certainly affects mine!
Later, at 3:00pm, Consumer Credit comes out (Oct M/M at 9.00B exp.) - neither likely good news. Personally, I think its the housing & sub-prime issues still looming on the horizon that will be the major influences on the Fed's Decision.
VR
Nice analysis. Read your post on oil being up, again too, and this may have some influence on Fed. decision since it likely plays on Consumer Sentiment (due out at 10:00am today, 76.00 exp.) - price of gas certainly affects mine!
Later, at 3:00pm, Consumer Credit comes out (Oct M/M at 9.00B exp.) - neither likely good news. Personally, I think its the housing & sub-prime issues still looming on the horizon that will be the major influences on the Fed's Decision.
VR
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hessian
Member
Definately helped! I don't care what it was as long as we got this breakout, been waiting for a week!:laugh:
NOW WERE COOKIN'!!!
View attachment 2759
And SMOKIN'EM!
View attachment 2760
Hey Nnuut,
I'm back in today, C,S,I, so now I'm in there with ya! I see many opinions being expressed on the boards for Monday, but personally, I think institutionals are gonna pile in then (also, check the p&f charts I posted in James's Talk! ....But below is one just for you, bud! :nuts:
VR
http://shock.military.com/Shock/videos.do?displayContent=73719&page=111
nnuut
Moderator | TSP Legend
Hey, EVERYONE PLEASE sign the petition, at http://www.tspshareholder.org/ we are up to about 350 need 10, 000 more!!!
http://www.thepetitionsite.com/1/reverse-the-decision-to-limit-tsp-interfund-transfers
http://www.thepetitionsite.com/1/reverse-the-decision-to-limit-tsp-interfund-transfers
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hessian
Member
Hey Nnuut,
Just signed the petition.
BTW, those "hand signals" (in video link below), I meant to also be a metaphor for us - as "bring the market on!, lookin' good!, move it on out! - salute!
I agree with Griffin (for what that's worth). I also think for myself too, and I think this time, 3 is gonna be a charm!!
_________________
sign the petition, at http://www.thepetitionsite.com/1/rev...fund-transfers
(http://www.tspshareholder.org/ )
Just signed the petition.
BTW, those "hand signals" (in video link below), I meant to also be a metaphor for us - as "bring the market on!, lookin' good!, move it on out! - salute!
I agree with Griffin (for what that's worth). I also think for myself too, and I think this time, 3 is gonna be a charm!!
_________________
sign the petition, at http://www.thepetitionsite.com/1/rev...fund-transfers
(http://www.tspshareholder.org/ )
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nnuut
Moderator | TSP Legend
From 317 to 405 so far today @ 1043 EST!!!
.405
-317
88 this morning!!
Keep the votes acomin'!!View attachment 2780
.405
-317
88 this morning!!
Keep the votes acomin'!!View attachment 2780
poolman
Top Return 2008
moneymikem
Member
Hey nnut's I signed on @ # 530. If we keep pushing the word it should get around to others that don't get on TSP talk. We have to tell them about these restrictions. 
poolman
Top Return 2008
Hey Nnuut's,
I have a question. It appears we have 3845 members. I know that they are not active but we should have e-mail addressee's to when these member's signed up.
Serious, What about a mass e-mailing to every member of this site to sign this petition.
That many member's would at least be notified.
I have a question. It appears we have 3845 members. I know that they are not active but we should have e-mail addressee's to when these member's signed up.
Serious, What about a mass e-mailing to every member of this site to sign this petition.
That many member's would at least be notified.
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