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Old 06-05-2020, 07:59 AM
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The monthly employment report was released at 8:30 EDT Friday.

Surprisingly, it was very bullish.

Private non-farm payrolls grew by 2.5 MM, the market had expected a drop of 8 MM.

The headline unemployment rate fell to 13.3% when it was expected to rise to 19.7%.

The broader U6 unemployment rate, which includes discouraged workers and those involuntarily working part-time, fell slightly to 21.2%.

Average hourly earnings fell slightly but that may have been due to low wage earners returning to their jobs.

Did the stock market get it right with its "V" shaped recovery?
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Old 06-05-2020, 09:36 AM
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The commentary on Fox B noted that April jobs were revised (not as bad), and May jobs show a recovery is underway.
As the various contributors dig down in the report, they find that job recovery is broad based, and likely to continue through the rest of 2020.

This will strongly afect the election, and Biden's 10-15% is own voter turnout.
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Old 06-06-2020, 03:14 PM
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Set the economy on fire then cheer when the firefighters start to get it under control. Maybe we shouldn't have set the fire to start with.

There is NOTHING bullish about this unless you are a day trader. The current stock market is nothing more than a casino with odds that get slightly swayed by headlines, and doesn't represent the health of the economy in the slightest. Also remember that the House (aka the Fed) never loses.
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Old 06-06-2020, 05:24 PM
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Originally Posted by Deadmeat99 View Post
Set the economy on fire then cheer when the firefighters start to get it under control. Maybe we shouldn't have set the fire to start with.

There is NOTHING bullish about this unless you are a day trader. The current stock market is nothing more than a casino with odds that get slightly swayed by headlines, and doesn't represent the health of the economy in the slightest. Also remember that the House (aka the Fed) never loses.
The thread subject is job growth and a great employment report.
I kind of agree that the stock market is not the economy, but jobs are.
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Old 06-06-2020, 05:28 PM
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The thread subject is job growth and a great employment report.
I kind of agree that the stock market is not the economy, but jobs are.
Unemployment went from ~3% to 14.7% in two months, and we're supposed to be excited because it drops to 13.3%? That's not bullish, that bull****. Wake me up when we get under 5% again.
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Old 06-07-2020, 12:17 AM
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Originally Posted by Deadmeat99 View Post
Unemployment went from ~3% to 14.7% in two months, and we're supposed to be excited because it drops to 13.3%? That's not bullish, that bull****. Wake me up when we get under 5% again.
The employment report was positive because the unemployment rate was forecast to rise to about 20% but instead fell. Also, over 2 MM jobs were added when economists had expected a job loss of 8 MM so it's positive in a relative sense.

As for the stock market, I agree it's over-valued and has risen too far and too fast.
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Old 06-14-2020, 01:19 PM
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It is often possible to distract from work. I decided to download сs 1.6.
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Old 06-14-2020, 01:42 PM
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Originally Posted by Deadmeat99 View Post
Unemployment went from ~3% to 14.7% in two months, and we're supposed to be excited because it drops to 13.3%? That's not bullish, that bull****. Wake me up when we get under 5% again.
U-3 or U-6?


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