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| Economy |
| NFP Big Miss: 120K, Expectations 205K, Unemployment 8.2% |
| 2012-04-06 |
| March NFP big miss at just 120K. Unemployment rate declines from 8.3% to 8.2%. Futures slide, for at least a few minutes before the NEW QE TM rumor starts spreading. The household survey actually posted a decline in March from 142,065 to 142,034. Considering Birth Death added 90K to the NSA number, the actual number was almost unchanged. And as always, as we predicted when Goldman hiked its NFP forecast yesterday from 175K to 200K saying "if Goldman's recent predictive track record is any indication, tomorrow's NFP will be a disaster", Goldie once again skewers everyone. Finally, Joe LaVorgna's +250,000 forecast was just 100% off... as usual. The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000. |
| Posted by:Beavis |
| #2 And thus, Virgina, the Fed Govt. desires to ... * CHINA DAILY FORUM > US: EVEN WORSE THAN THE SOPO [or PIPA], NEW CISPA CYBERSECURITY BILL WILL CENSOR THE WEB. US HR3523. Oer in the UK, the Brits are only now complaining about what has been occurring vee "Creeping", Super-Regulatory Authoritarian? = Totalitarian? Censorship + Monitoring of the Net = Personal Communications, Mail, etc. for at least 10 years. |
| Posted by: JosephMendiola 2012-04-06 22:57 |
| #1 the number of people not in the labor force is back to all time highs: 87,897,000 They never report the most interesting parts: (1) how many in that group were unemployed and voted for Obama in 2008, (2) how many in (1) will vote for him again, and (3) how many in the whole group will vote to re-elect him. |
| Posted by: Anguper Hupomosing9418 2012-04-06 18:42 |