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US unemployment drops to 7.5%

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Divair
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US unemployment drops to 7.5%

Postby Divair » Fri May 03, 2013 6:29 am

http://www.bbc.co.uk/news/business-22402151

The latest US non-farm payrolls show that 165,000 jobs were created last month. Economists had been predicting a figure closer to 145,000.

The US Labour Department also revised its figures for March and February upwards. The February number was revised up to 332,000, the best monthly gain since May 2010.

The unemployment rate is now at a four-year low of 7.5%.

The drop in the unemployment rate reflected an increase in employment, rather than people leaving the workforce.

March non-farm payrolls were revised upwards by 50,000 to 138,000.

Joe Manimbo, market analyst at Western Union Business Solutions, said the numbers were "surprisingly positive".

"This shows the job market and the economy in general appear to be more resilient than investors had feared," he added.

'Uneven' labour market
But some analysts felt the details behind the headline numbers still pointed to a economy that continues to struggle. Construction employment fell and the payrolls in the manufacturing sector remained flat.

Tom Porcelli, US economist at RBC Capital Markets, saw a more mixed picture in the figures.

"A couple of things drive this home, namely average weekly earnings are down and aggregate hours. Those are more forward looking metrics and how it will unfold in the fourth quarter that is not encouraging," he said.

"This report confirms that the labour market backdrop remains very much uneven."

The US dollar gained more than 1% against the Japanese yen, hitting 99.18 yen. The euro lost 0.1% against the greenback, falling to $1.3059. Before the payroll numbers were released, it had been trading higher against the dollar.

Spot gold fell 0.4% immediately after the release of the figures, to $1,460.11 an ounce.


So, some previous numbers were revised upwards and April was a very strong month. Good to see the US is recovering well, this should help the global recovery.
Last edited by Divair on Fri May 03, 2013 6:31 am, edited 1 time in total.

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Xsyne
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Postby Xsyne » Fri May 03, 2013 6:30 am

Thanks, Obama.
Last edited by Xsyne on Fri May 03, 2013 6:30 am, edited 1 time in total.
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The Nuclear Fist
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Postby The Nuclear Fist » Fri May 03, 2013 6:30 am

Splendid news.
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Divair
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Postby Divair » Fri May 03, 2013 6:31 am

Xsyne wrote:Thanks, Obama.

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Disserbia
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Postby Disserbia » Fri May 03, 2013 6:32 am

Xsyne wrote:Thanks, Obama.
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Frisivisia
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Postby Frisivisia » Fri May 03, 2013 6:34 am

BUT WHEN WILL OBAMA CLOSE GITMO? HUH? HUH?

HAH HAH, WHERE'S YOUR CHANGE NOW? SHEEPLE!
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Postby Samuraikoku » Fri May 03, 2013 6:34 am

"THE GUBMINT DOES NOT CREATE JERBS!"

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Napkiraly
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Postby Napkiraly » Fri May 03, 2013 6:34 am

Smashing.
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Postby Ashmoria » Fri May 03, 2013 6:37 am

we aren't recovering well we're recovering slowly.

we could do much better if the congressional republicans weren't working so hard to keep it from happening at all. it is sad that we are having a "lost decade" due to political nihilism.
whatever

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Frisivisia
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Postby Frisivisia » Fri May 03, 2013 6:39 am

Ashmoria wrote:we aren't recovering well we're recovering slowly.

we could do much better if the congressional republicans weren't working so hard to keep it from happening at all. it is sad that we are having a "lost decade" due to political nihilism.

The stimulus should have been bigger. That's what it really comes down to.
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Postby Khadgar » Fri May 03, 2013 6:40 am

Frisivisia wrote:
Ashmoria wrote:we aren't recovering well we're recovering slowly.

we could do much better if the congressional republicans weren't working so hard to keep it from happening at all. it is sad that we are having a "lost decade" due to political nihilism.

The stimulus should have been bigger. That's what it really comes down to.


Oh please the Great Depression clearly shows that only Austerity can solve our problems. Cut government spending dammit!
No, of course not. They never do tests. Not many real deeds either. Oh, conversation with your grandmother's shade in a darkened room, the odd love potion or two, but comes a doubter, why, then it's the wrong day, the planets are not in line, the entrails are not favorable, "we don't do tests"!
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Frisivisia
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Postby Frisivisia » Fri May 03, 2013 6:42 am

Khadgar wrote:
Frisivisia wrote:The stimulus should have been bigger. That's what it really comes down to.


Oh please the Great Depression clearly shows that only Austerity can solve our problems. Cut government spending dammit!

Look at all the good shit happening in Greece! They even have people so excited for the new dawn in economics that they call themselves the Golden Dawn! And what a fine group they are.
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Ashmoria
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Postby Ashmoria » Fri May 03, 2013 6:42 am

Frisivisia wrote:
Ashmoria wrote:we aren't recovering well we're recovering slowly.

we could do much better if the congressional republicans weren't working so hard to keep it from happening at all. it is sad that we are having a "lost decade" due to political nihilism.

The stimulus should have been bigger. That's what it really comes down to.


yes but since it wasn't we need to do another right now. if we doubled or tripled the money spent on infrastructure projects for the next 3 years we would be in good shape.

but when the congressional republicans cant bring themselves to give the president "a win" it will never happen.

so we'll fuck up the lives of new graduates for another decade. how much can that hurt?
whatever

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Frisivisia
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Postby Frisivisia » Fri May 03, 2013 6:44 am

Ashmoria wrote:
Frisivisia wrote:The stimulus should have been bigger. That's what it really comes down to.


yes but since it wasn't we need to do another right now. if we doubled or tripled the money spent on infrastructure projects for the next 3 years we would be in good shape.

but when the congressional republicans cant bring themselves to give the president "a win" it will never happen.

so we'll fuck up the lives of new graduates for another decade. how much can that hurt?

But everyone knows that nothing good ever comes of spending in a crisis. That's why Hoover is the Greatest President.
Impeach The Queen, Legalize Anarchy, Stealing Things Is Not Theft. Sex Pistols 2017.
I'm the evil gubmint PC inspector, here to take your Guns, outlaw your God, and steal your freedom and give it to black people.
I'm Joe Biden. So far as you know.

For: Anarchy, Punk Rock Fury
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Divair
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Postby Divair » Fri May 03, 2013 6:45 am

Frisivisia wrote:
Ashmoria wrote:
yes but since it wasn't we need to do another right now. if we doubled or tripled the money spent on infrastructure projects for the next 3 years we would be in good shape.

but when the congressional republicans cant bring themselves to give the president "a win" it will never happen.

so we'll fuck up the lives of new graduates for another decade. how much can that hurt?

But everyone knows that nothing good ever comes of spending in a crisis. That's why Hoover is the Greatest President.

Shit, now you did it. What'shisname is now going to come in here and rant his face off, as usual.
Last edited by Divair on Fri May 03, 2013 6:45 am, edited 1 time in total.

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Ashmoria
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Postby Ashmoria » Fri May 03, 2013 6:46 am

Khadgar wrote:
Frisivisia wrote:The stimulus should have been bigger. That's what it really comes down to.


Oh please the Great Depression clearly shows that only Austerity can solve our problems. Cut government spending dammit!

we'll be stronger after we burn off the excess hope that is poisoning our society.
whatever

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Frisivisia
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Postby Frisivisia » Fri May 03, 2013 6:46 am

Divair wrote:
Frisivisia wrote:But everyone knows that nothing good ever comes of spending in a crisis. That's why Hoover is the Greatest President.

Shit, now you did it. What'shisname is now going to come in here and rant his face off, as usual.

Bullshit!

*graphspam
*brick of text

And that's why you're wrong.
Impeach The Queen, Legalize Anarchy, Stealing Things Is Not Theft. Sex Pistols 2017.
I'm the evil gubmint PC inspector, here to take your Guns, outlaw your God, and steal your freedom and give it to black people.
I'm Joe Biden. So far as you know.

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Dilange
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Postby Dilange » Fri May 03, 2013 6:46 am

Divair wrote:
Xsyne wrote:Thanks, Obama.

Image

Image

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Neo Art
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Postby Neo Art » Fri May 03, 2013 6:46 am

where's the CHANGE Obama?

...oh. There it is. OK, carry on then.
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Napkiraly
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Postby Napkiraly » Fri May 03, 2013 6:47 am

Divair wrote:
Frisivisia wrote:But everyone knows that nothing good ever comes of spending in a crisis. That's why Hoover is the Greatest President.

Shit, now you did it. What'shisname is now going to come in here and rant his face off, as usual.

Obamacult?
Stevenage delenda est.

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Khadgar
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Postby Khadgar » Fri May 03, 2013 6:47 am

Frisivisia wrote:
Divair wrote:Shit, now you did it. What'shisname is now going to come in here and rant his face off, as usual.

Bullshit!

*graphspam
*brick of text

And that's why you're wrong.


You forgot to post 200 pages of PDF files that only tangentially relate to your post and don't really back up your assertions.
No, of course not. They never do tests. Not many real deeds either. Oh, conversation with your grandmother's shade in a darkened room, the odd love potion or two, but comes a doubter, why, then it's the wrong day, the planets are not in line, the entrails are not favorable, "we don't do tests"!
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Ashmoria
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Postby Ashmoria » Fri May 03, 2013 6:48 am

Frisivisia wrote:
Ashmoria wrote:
yes but since it wasn't we need to do another right now. if we doubled or tripled the money spent on infrastructure projects for the next 3 years we would be in good shape.

but when the congressional republicans cant bring themselves to give the president "a win" it will never happen.

so we'll fuck up the lives of new graduates for another decade. how much can that hurt?

But everyone knows that nothing good ever comes of spending in a crisis. That's why Hoover is the Greatest President.

I was seeing in tv this past weekend (I think) that if you go to the hoover library in ...iowa?... you will come to that exact conclusion. turns out he is just misunderstood.
whatever

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Dilange
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Postby Dilange » Fri May 03, 2013 6:48 am

Frisivisia wrote:
Divair wrote:Shit, now you did it. What'shisname is now going to come in here and rant his face off, as usual.

Bullshit!

*graphspam
*brick of text

And that's why you're wrong.

Wait, that didnt answer my question or address anything that I mentioned.

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Divair
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Postby Divair » Fri May 03, 2013 6:48 am

Napkiraly wrote:
Divair wrote:Shit, now you did it. What'shisname is now going to come in here and rant his face off, as usual.

Obamacult?

No, the other one. The xenophobic homophobe.

Dilange wrote:
Divair wrote:
Image

Image

Image

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Divair
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Postby Divair » Fri May 03, 2013 6:48 am

Frisivisia wrote:
Divair wrote:Shit, now you did it. What'shisname is now going to come in here and rant his face off, as usual.

Bullshit!

*graphspam
*brick of text

And that's why you're wrong.

Progressive bullshit.

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