Thread:

Stocks up on July report of job market!

Stocks: Market soars on surprisingly strong July job report | Tulsa World

Well this is certainly good news ! anyone here like to comment on this ?
besides calling names and quoting prf rules?

speaking from a county that has about 15% overall unemployment and nearly 45% in the construction industry, BFD. I should have invested in Chick-fil-a

Originally Posted by daMoose

Stocks: Market soars on surprisingly strong July job report | Tulsa World

Well this is certainly good news ! anyone here like to comment on this ?
besides calling names and quoting prf rules?

Where's your opinion? Why is it good? Tell it to the real unemployed which number is about 15% ( the U6 number)

We gain 163k jobs and loose 195k jobs in July, and that's good news????????


This is what you call good news??

The BLS always releases six different unemployment numbers, U-1 through U-6. Each of the six classifications breaks unemployment down in several different ways. For instance, the U-1 unemployment number released today shows an unemployment rate of 4.5%; but, the U-1 classification includes only, “Persons unemployed 15 weeks or longer, as a percent of the civilian labor force.” Simultaneously, the number U-6 unemployment number released today shows an unemployment rate of 15%; but, the U-6 classification includes, “Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.” And finally, the unemployment number that is considered the official unemployment rate of the United States is the U-3 classification, which was reported to have risen to 8.3% in July from 8.2% in June. The U-3 classification includes only, “Total unemployed, as a percent of the civilian labor force (official unemployment rate).” (To read the entire BLS employment report for July 2012, click here.)
The main difference between the U-3 classification (our official unemployment rate) and the much more severe U-6 classification is that the U-6 classification includes those who are only marginally attached to the labor force. As the BLS defines it, those who are marginally attached to the labor force are, “those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for work. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule.” In reality, the U-6 unemployment number is much more indicative of the employment situation in the country and provides a much less subjective look, and therefore a more complete look at the employment picture in the country.
The U-6 unemployment number reached its highest level of 17.4% in October of 2009. (Read the entire BLS October 2009 employment report here.) Since then it has dropped 2.4% to 15%.

Originally Posted by daMoose

My opinion is that its good news that the stock market is up on the July job report. I guess you got all excited about teaching me the different definitions of employment. You were so cute way back when you were on here "to learn" now you're teaching! You've come a long way baby

U26??? daMoose, your a hypocrite. Read your first post. I didnt insult you one bit. BTW, did you read your own link or are you just parroting the headline? I did read it.

Originally Posted by daMoose

Let me guess you are jet daytonas mom?

Like I said, your a hypocrite. You don't debate anything. You sound just like u26. Especially when he called everyone in the prf fags. That was infamous of him. Stick around, maybe you'll learn something too.

Originally Posted by daMoose

. . . besides calling names and quoting prf rules?

Originally Posted by daMoose

Let me guess you are jet daytonas mom?

Not only are you uninformed, you are hypocritical in the first degree. The stock market reacts for thousands of different reasons. Unemployment is but a single element. You are starting to sound like Rod praising his Kenyan hero for reduced gas prices on his latest trip and then calling it a joke a week later when they rose sharply again. If you truly seek praise for your Kenyan's record in office I would suggest you stay away from sharp objects because unemployment is but one huge hurdle he has to climb this election and it will NOT be changing for the better since he refuses to do anything but campaign to the mindless who will listen to his empty promises - again, believe his lies - again or ignore his real record in office which is nothing less than catastrophic. This attempt to draw credit to your Kenyan hero for a momentary stock rise will be as successful as a Chick-fil-A boycott. X26

Originally Posted by daMoose

So you came to the prf to learn and formulate an opinion?
Why don't you go to a skinhead rally to learn about African Americans contributions to the us when you're done here?

That's ^ what you come up with? Hell, I'd rather respond to U26. That's not saying much.

Hmmm.

One check of a false trend and now you are aa market anylist?
Awesome. I can only imagine your portfolio.

DA thats like saying your Wife has been whoring around with alot on other men But she only sleeped with two last week!!!!!!! things are looking better!!!!!!!!!!!