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Jobs Report Should Allay Concerns Over Double-Dip Recession — For Now

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Post by Guest on Fri Aug 05, 2011 11:54 am

On Thursday, the market's sharp decline had analysts and observers rushing to make proclamations of an imminent double-dip recession. Writing in the Financial Times earlier this week — before Thursday's mini-crash — economist Larry Summers pegged the chances of a double-dip at one in three. Others suggested that the decline, combined with a rash of punk data, was a sign that the U.S. had never left recession in the first place.

But this morning's jobs figure, combined with data that was generally ignored among Thursday's market carnage, should lead us to ratchet down our fear of an imminent recession. The economy may have slowed, and the future is uncertain. But if you want a double-dip this summer, you'll have to go to Carvel.

http://finance.yahoo.com/blogs/daniel-gross/jobs-report-allay-concerns-over-double-dip-recession-135236442.html?sec=topStories&pos=1&asset=&ccode= Rolling Eyes

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Post by Guest on Fri Aug 05, 2011 11:59 am

funny how the numbers always change for the better at the exact right moment. scratch

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Post by TOO OLD TO HIRE IN PA on Fri Aug 05, 2011 12:15 pm

Sick & Tired wrote:funny how the numbers always change for the better at the exact right moment. scratch

Yeah and they think we are STUPID enough to believe it.

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Post by Guest on Fri Aug 05, 2011 1:22 pm

Despite the positive data, experts remained skeptical.

"Come on! Tell me who these new hires are," said Todd Schoenberger, managing director at LandColt Trading. "A number (which still isn't anywhere near normal for a recovery period) surprised like this after the data we received, not to mention the significant layoff announcements we've been hearing about lately, just doesn't seem to add up."
http://www.cnbc.com/id/44032861?__source=yahoo|headline|quote|text|&par=yahoo

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Post by Jobless_in_Ma on Fri Aug 05, 2011 1:36 pm


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Post by Guest on Fri Aug 05, 2011 1:39 pm

Who knows where it will end up today. Way too volatile to predict! Good thing it is Friday. The HSI (Hang Seng) closed 938 points down!
affraid

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Post by exhaustedandtired/1208 on Fri Aug 05, 2011 1:44 pm

dig this:http:

http://jobs.aol.com/articles/2011/08/05/unemployment-rate-dips-economy-adds-117k-jobs/?icid=maing-grid7%7Cmain5%7Cdl1%7Csec3_lnk3%7C83731


like things are great! 117,000 is great numbers. But hum! 400,000 new claims and only 117,000 new jobs and 15 million out of work! But this reads good news!!!! new jobs 117,000 and unemployment drops to 9.1%.. HELLO! PLEASE, CAN SOMEONE SHOW ME WHERE THE GOOD NEWS IS???

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Post by exhaustedandtired/1208 on Fri Aug 05, 2011 1:48 pm

.1% (one tenth %) is great news and its from 9.2% ??? Hello!! writer... its been down to 8.9% or so and went to 9.5% or 9.6% up and down where is the good news over a sustained period! Like even three to four months in a row!!!

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Post by Jobless_in_Ma on Fri Aug 05, 2011 1:50 pm

The analysts were right all along. The whole worlds
Economy is hanging by a thread right now.
Wonder what the web bots are predicting right now.
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