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The May Jobs Report

Discussion in 'Latest News Events' started by LPH, Jun 1, 2012.

  1. LPH

    LPH Flight Director Flight Instructor

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    Economists expected job creation of 158,000. Instead the number came in at 69,000. Stocks fell immediately - as some people grabbed the opportunity to make money.

    This isn't a surprise. Gas prices hung high long enough to stall the economy. As people stopped buying then the need for people to employ stopped. It's a cycle not to be broken until someone innovates.

    Republicans ceased seized on the report as an opportunity to campaign.
     
  2. Robert Heiny

    Robert Heiny Research Scientist of Learning and Education Flight Instructor

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    Seized on ... ? And, yes, it does appear that they also ceased, but maybe that's because of the cable channels I've watched today. :) Thanks for your update. I'll check it out on CNN with Wolf this afternoon.
     
  3. LPH

    LPH Flight Director Flight Instructor

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    Thank you for the correction - seized versus ceased. I've updated the original post.

    Let's put the report in perspective. The following chart is for nonfarm employment from 2000 to December 2011.

    Nonfarm employment 2000 - 2011.PNG
     
  4. Robert Heiny

    Robert Heiny Research Scientist of Learning and Education Flight Instructor

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    Thanks for the chart. Useful for a comparison with the May report of 69K (which will likely be adjusted down 20K next week as the admin has done for previous reports). Looks like job starts leaves the current Fed admin vulnerable to strong political challenge.
     

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