Results 1 to 4 of 4

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

  1. #1
    Senior Member AirborneSapper7's Avatar
    Join Date
    May 2007
    Location
    South West Florida (Behind friendly lines but still in Occupied Territory)
    Posts
    117,696

    Unemployment Rate Surges To Highest Since 2011 - Gallup Polling

    Unemployment Rate Surges To Highest Since 2011 - Gallup Polling

    Submitted by Tyler Durden on 09/05/2013 09:16 -0400

    With ADP out of the way, and providing no guidance to an extreme NFP print one way or another, we once again turn to Gallup. As a reminder, a few days ago we showed that things are bad and getting worse for America's job prospects following direct polling land as relates to unemployment on a seasonally unadjusted basis. Today, the polling group has released its seasonally adjustedunemployment number and how it compares to the BLS' own estimation of the labor market. In a word: it is not pretty (which, again, is good for those who are hoping and praying St. Ben will keep the monetary Kool Aid running for a little bit longer): at 8.6% it is over 1% higher than the BLS' reported print, and is the highest since the end of 2011.



    Source: Gallup

    Gallup tracks daily the percentage of U.S. adults, ages 18 and older, who are unemployed. "Unemployed" respondents are those who are not employed, even for one hour a week, but are available and looking for work. Unemployment is calculated as a percent of the workforce. Monthly results reflect an average of the calendar month, based on telephone interviews with approximately 30,000 adults. Gallup adjusts its unemployment rate using the seasonal adjustment the BLS used in the same month in the prior year.

    http://www.zerohedge.com/news/2013-0...s-highest-2011

    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  2. #2
    Senior Member AirborneSapper7's Avatar
    Join Date
    May 2007
    Location
    South West Florida (Behind friendly lines but still in Occupied Territory)
    Posts
    117,696
    Biggest 2-Week Drop In Initial Claims In 3 Months But Unit Labor Costs Stagnate

    Submitted by Tyler Durden on 09/05/2013 08:45 -0400

    The last 2 weeks have seen the biggest drop in initial jobless claims in 3 months as today's print is within a smidge of six year lows. Continuing claims also fell close to 5.5 year lows. All good healthy "Taper-On" news ahead of the all-important NFP. However, the only fly in the ointment as far as celebrating this 'renaissance' remains productivity gains and the ongoing slump in unit labor costs (which missed expectations of an easy-money earnings-growth generated +0.8% gain and came in at a dismal 0.0%). Simply put, all the hope of wage inflation providing the self-sustaining glue to hold this 'thing' together post-Fed-Taper is fading fast as the liquidity pipeline remains unerringly clogged.




    and unit labor costs have missed expectations for 4 fo te last 5 months...


    Charts: Bloomberg

    http://www.zerohedge.com/news/2013-0...costs-stagnate
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  3. #3
    Senior Member AirborneSapper7's Avatar
    Join Date
    May 2007
    Location
    South West Florida (Behind friendly lines but still in Occupied Territory)
    Posts
    117,696
    ADP Payrolls 176K, Small Miss, Pace Of Increase Broken For First Time Since April

    Submitted by Tyler Durden on 09/05/2013 08:26 -0400


    While the ADP private payrolls report is nothing but pompous noise, which despite allegedly relying on actual empirical payrolls data has greater revisions than even the BLS's largely made up number, what it reported today would certainly have implications on expectations for tomorrow' NFP report. Which is why on the surface while the just reported miss to expectations of 176K (Exp. 184K) was not too bad, it was quite bad to those hoping the Friday NFP print would be atrocious and force the Fed to delay tapering. Based on today's data point at least, the Taper is set to proceed in just under two weeks. This was the first miss in three months, and also follows a small revision to the July number from 200K to 198K. Finally, this was the first sequential break in the monthly rate of increase since April.


    The breakdown from the ADP report, which is so meaningless, it is just random numbers, but here it is to fill some empty space with 1s and 0s:


    More from the report:
    Goods-producing employment rose by 11,000 jobs in August, at roughly half the growth rate of the previous month. Construction payrolls added 4,000 jobs, while manufacturing payrolls increased by 5,000, rebounding from a decline in July.

    Service-providing industries added 165,000 jobs in August, down from 176,000 in July. Gains were broad-based across industries. Among the service industries reported by the ADP National Employment Report, professional/business services added the most jobs with 50,000 over the month. Trade/transportation/utilities services saw an increase of 40,000 jobs, while financial activities showed a modest gain of 1,000 jobs, the category’s smallest monthly increase since June of 2012.

    "The U.S. private sector added 176,000 jobs in August, as companies of all sizes expanded their payrolls over the previous month," said Carlos A. Rodriguez, president and chief executive officer of ADP. “The August job gains are in line with the monthly average over the last 12 months.”

    Mark Zandi, chief economist of Moody’s Analytics, said, "It is steady as she goes in the job market. Job gains in August were consistent with increases experienced over the past two-plus years. There is little evidence that fiscal austerity and Health Care Reform have had a significant impact on the job market.”
    Some more largely meaningless charts:




    Finally, where ADP truly excels at: social-network friendly infographics:



    http://www.zerohedge.com/news/2013-0...rst-time-april
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  4. #4
    Senior Member AirborneSapper7's Avatar
    Join Date
    May 2007
    Location
    South West Florida (Behind friendly lines but still in Occupied Territory)
    Posts
    117,696
    PREVIEW: Change in Nonfarm Payrolls - 6th Sept 2013

    Submitted by RANSquawk Video on 09/06/2013 02:04 -0400




    http://www.zerohedge.com/news/2013-0...-6th-sept-2013
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •